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CCH® PENSION — 08/2/11

PBGC announces August 2011 interest rates and factors

The PBGC has issued interest rate assumptions used by the PBGC to determine whether a benefit is payable as a lump sum and to calculate lump sum amounts to be paid by the PBGC. The rate to be used by the PBGC in valuing lump-sum benefits under single-employer or multiemployer plans for valuation dates on or after August 1, 2011 will be 2.25%, which is the same as the July 2011 rate.

The PBGC has also issued the interest rate assumption based on its historical methodology for use by private-sector pension practitioners in determining lump-sum payments. The rate for valuation dates on or after August 1, 2011 will be 2.25%, which is the same as the July 2011 rate.

For more information, visit http://www.wolterskluwerlb.com/rbcs.

For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer's Benefits Reports.

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