PBGC Releases August Lump Sum Interest Rate

The PBGC announces the interest rate to be used in valuing lump sum payments in August.

PBGC Provides Disaster Relief for West Virginia

The PBGC provides disaster relief for parts of West Virginia affected by severe storms, flooding, mudslides and landslides.

Amendment to Prohibited Transaction 84-14

Amendment to Prohibited Transaction Exemption (PTE) 84-14 for certain plan asset transactions managed by an Independent Qualified Professional Asset Manager (QPAM) with respect to its own plan.

Corporate Bond Weighted Interest Rates

Notice 2010-52 provides guidance as to the corporate bond weighted average interest rate and the permissible range of interest rates specified under § 412(b)(5)(B)(ii)(II) of the Internal Revenue Code. It also provides guidance on the corporate bond monthly yield curve (and the corresponding spot segment rates), the 24-month average segment rates, and the funding transitional segment rates under § 430(h)(2). In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under § 417(e)(3)(A)(ii)(II) as in effect for plan years beginning before 2008, and the minimum present value segment rates under § 417(e)(3)(D) as in effect for plan years beginning after 2007.

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