DOL Updates Guidance on Individual Exemptions

The DOL has updated its website with a FAQ on Credit Ratings and Individual Prohibited Transaction Exemptions. Document Excerpt Link

July Lump Sum Interest Rate

The PBGC releases the July interest rate for calculating lump sums. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of July 2011 is 2.25%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for June 2011 was 2.50% for lump […]

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