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PBGC Amends Retirement Rate Table for Terminated Single Employer Plans
The Pension Benefit Guaranty Corporation (PBGC) published a final rule amending its valuation regulation by substituting a new table for selecting a retirement rate category. The new table applies to any single employer plan being terminated either in a distress termination or involuntarily by the PBGC with valuation date falling in 2012. Effective January 1, 2012, the table is used to compute the value of early retirement benefits and, thus, the total value of benefits under a plan.
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