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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 November 1, 2009 will be 2.25%, a decrease from the October 2009 rate of 2.50%.
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 November 1, 2009 will be 2.25%, a decrease from the October 2009 rate of 2.50%.
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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