Need to know the current PBGC interest rates? You now have easy access to interest rate information affecting pension plans (presented in three different ways). Interest rates most likely to be relevant to plan participants and beneficiaries are the lump-sum rates.
Monthly Interest Rate Updates - PBGC provides monthly updates of the interest rates affecting pension plans. Rates since 1996.
Valuing Lump Sums — These rates are used to determine the amount of lump sum benefits paid by the PBGC under plans that the PBGC trustees. (Some other plans use these rates to determine and pay lump-sum benefits.) Rates since 1993.
Valuing Immediate and Deferred Annuities — These interest rates are used to determine the present value of annuities in involuntary and distress terminations of single-employer plans. They are also used to value benefits and certain assets under multiemployer plans following mass withdrawal. Rates since 1993.
Late Payments — This is the interest rate that the PBGC will charge on unpaid employer liability, contributions, and premiums. It is subject to change quarterly. Rates since 1974.
Overdue or Defaulted Withdrawal Liability — This is the interest rate to be charged by multiemployer pension plans on withdrawal liability payments that are overdue or in default. It is also the rate to be credited on overpayments. Rates since 1980.
