Regulacje i polityka gospodarcza · 26.10.1998

Lump Sum Payment Assumptions

The PBGC is considering: Discontinuing use of its existing lump sum assumptions for payment purposes and replacing them with a modified version of its existing annuity assumptions, effective sometime after December 2000, and discontinuing calculation and publication of its existing lump sum interest rates at, or sometime after, the time the PBGC discontinues their use. Because this may raise issues for plans and participants, the PBGC is specifically soliciting public comment on: the assumptions the PBGC should use to value its lump sums after 2000, how long the PBGC should continue to calculate and publish its existing lump sum interest rates, if it were to discontinue their use, and any potential actions that the PBGC could take to lessen the potential consequences that would arise if the PBGC were to discontinue use--or calculation and publication as well as use--of its existing lump sum interest rates. The Internal Revenue Service has requested that the PBGC solicit public comments on its behalf concerning the qualification issues that may arise in the context of possible changes to the PBGC interest rates.