What is the PBGC interest rate?
What is the PBGC interest rate?
PBGC Issues Q4 2021 Interest Rate Assumptions
| Measure | Q4 2020 | Q4 2021 |
|---|---|---|
| Interest assumptions for the first 20 years following the valuation date | 1.69% | 2.40% |
| Interest assumptions for years after the first 20 years following the valuation date | 1.66% | 2.11% |
What is the PBGC variable rate premium?
$46 per $1,000
For 2021, the variable-rate premium (VRP) for single-employer plans will be $46 per $1,000 of unfunded vested benefits, up from the 2020 rate of $45 per $1,000 of unfunded vested benefits. For 2021, the VRP is capped at $582 times the number of participants (up from a 2020 cap of $561).
How are PBGC interest rates determined?
Applicable Federal Mid-Term Rates PBGC’s Missing Participant Regulation provides that certain amounts be determined using the applicable federal mid-term rate (as determined by the Secretary of the Treasury pursuant to section 1274(d)(1)(C)(ii) of the Code) for that month, compounded monthly.
What is the PBGC rate for 2022?
PBGC Announces 2022 Premium Rates
| Rate | 2020 | 2022 |
|---|---|---|
| Single-employer Per Participant Rate for Flat-Rate Premium | $83 | $88 |
| Single-employer Variable-Rate Premium per $1,000 unfunded vested benefits (UVBs) | $45 | $48 |
| Single-employer Variable-Rate Per Participant Cap1 | $561 | $598 |
| Multiemployer Per Participant Rate for Flat-Rate Premium | $30 | $32 |
Who is covered by the PBGC?
PBGC insures about 22.7 million people in Single-employer pension plans. Multiemployer pension plans cover workers of more than one employer, usually companies in the same industry, such as construction, trucking or coal mining. PBGC insures about 10.9 million people in multiemployer pension plans.
What is the PBGC maximum guaranteed benefits?
For 2019, the maximum guaranteed amount is $5,607.95 per month ($67,295.40 per year) for workers who begin receiving payments from PBGC at age 65.
What is the GATT rate for June 2021?
2021 GATT Rates
| September | 1.94 |
|---|---|
| June | 2.16 |
| May | 2.32 |
| April | 2.30 |
| March | 2.34 |
