I wish that headline was an April Fools’ joke but it’s not. In February and March, we saw a slow but steady erosion of rates and who knows if we’ve bottomed out. This may not affect a scheduled plan termination but it certainly may damper the enthusiasm for retiree carve-outs slot online.
Speaking of PRT carve-outs the IRS ruling allowing lump sums to retirees in a non-termination is already receiving push-back from the U.S. Senate. Let’s see how this plays out.
For those of you going to the EA meeting please drop by our booth for some free trinkets and a chance to win an Amazon gift certificate game slot.
We believe that the following rates applied to the mortality scale MP-2017 will give you a pretty good indication of the price of a group annuity contract. Use the smaller rate for small contracts.