2008 Funding Rules

[JAY21]

I would appreciate any opinions as to whether the following definition of Actuarial Value of Assets for an End of Year Valuation is likely to be allowed under the new funding rules to begin in 2008:

"Beginning of Year Fair Market Value of assets brought forward to the end of the year by adjusting them (increasing) by the pre-retirement interest rate" (BOY assets X 1.0i ).

It's not really an "average" like the new Code sections for PPA 06 talk about so I'm wondering if this will work. Any opinions ?

For what it's worth the code cite is attached that describes alternative options to FMV.

AVA_Assets_2008.pdf