WebFeb 19, 2024 · When interest rates go up, the lump-sum value will go down. There are a handful of interest rates that pension plans may potentially use to calculate the lump-sum value. Two commonly used are the GATT rate …
GATT & PBGC Rates - HaydenRock Financial
Webpoint or more from the rate in effect for the quarter (e.g., dropping from 6% to 5%), the actual interest rate used will be the lower rate. (This is not applicable to the ConocoPhillips Cash Balance Account.) 3 The Pension Benefit Guaranty Corporation (PBGC) rate is used for Retirement Plan of Conoco calculations for WebSep 17, 2024 · The Pension Benefit Guaranty Corporation (PBGC) issued a final rule Sept. 14 that amends its regulation on Allocation of Assets in Single-Employer Plans to prescribe interest assumptions under the asset allocation regulation for plans with valuation dates in the fourth quarter of 2024. These interest assumptions are used for valuing … stan rogers 45 years lyrics
PBGC Issues 2024 Premium Rates, Extends Opinion Letter Pilot
WebMar 15, 2024 · Variable-Rate Premiums. These interest rates are used to value vested benefits for variable rate premium purposes as described in PBGC's regulation on Premium Rates (29 CFR Part 4006) and PBGC's premium instructions. The valuation rules are different for plan years beginning after 2007 than for plan years beginning before 2008. WebOct 15, 2024 · The Pension Benefit Guaranty Corporation (PBGC) has issued the premium rates for 2024. In a separate action, it also has announced that it will be extending its coverage opinion letter pilot program. 2024 Premium Rates The PBGC determined the premium rates applicable for 2024 plan years in accordance with the indexing rules … Web3 rows · The GATT rate (2.28%), in contrast, stays the same across the deferral and pay-out years. The ... stan robinson willand