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Updated information is now available about the interest rates used to determine the "premium funding target" (i.e., the present value of vested benefits) for variable-rate premium (VRP) purposes unless the plan has an election in effect to use the Alternative Premium Funding Target.
Because the following interest rates are updated on a quarterly basis, no updates are available for the following interest rates at this time:
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ERISA 4044 Annuities – These rates are used for determining the present value of annuities for involuntary or distress terminations as well as valuing benefits under multiemployer plans following a mass withdrawal.
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Late Premium Payment Interest Charges – These rates are used to determine the amount of interest PBGC assesses on late PBGC premiums.
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Late or Defaulted Withdrawal Liability – Unless rules adopted by the plan provide otherwise, these rates are used by multiemployer plans to charge withdrawn employers if their withdrawal liability payments are late or in default.
You are receiving this email because you signed up to be notified when PBGC updates its Monthly Interest Rate Summary. Note that PBGC no longer publishes that Summary, but that same information is available via the links provided above.
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