MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

PBGC & GATT

shipwreckedandalone
in Off-Topic
I think the PBGC rate will be published on Monday for the month of September. Many corporate pensions lock in one rate for the coming year (sometime during the next 3 months) to calculate employee lump sum amounts. August 2016 was 0.50%. September last year was 1.25%. 60% percent drop YOY which would push up the lump sum payment amounts of eligible corp employees. For those employees with long tenures, this could be a significant press release on Monday if retirement eligible.

Comments

  • shipwreckedandalone
    The September rate was finalized this morning at 0.50% by the PBGC. Lowest on record in years. Will be interesting to see what % increase lump sums get as a result from the 60% drop YOY.
Sign In or Register to comment.