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Updated information is now available on PBGC’s website regarding the following interest rates:
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Variable-Rate Premiums – These rates are 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.
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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Liability – Unless rules adopted by the plan provide otherwise, these rates are used by multiemployer plans to charge withdrawn employers if their withdrawal liability payments are late or in default.
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