Broker Check

GATT Rates/PBGC Rates

Pension Interest Rates

Many companies with large pension programs, like Verizon, use monthly interest rates to calculate lump sum distributions. If you would like to discuss how changes in the rates affect your pension, or would like to have one of our Financial Advisors discuss your options with you, please contact us.


GATT RATES

PBGC RATES*

2021 
2021 
August 1.92
July 1.94
June 2.16
May 2.32
April 2.30
March 2.34
February 2.04
January 1.82 
August 0.00
July 0.00 
June 0.00
May 0.00
April 0.00
March 0.00
February 0.00
January 0.00
2020 
2020 
December 1.67
November 1.62
October 1.57
September 1.42
August 1.36
July 1.31
June 1.49
May 1.38
April 1.27
March 1.46
February 1.97
January 2.22 
December 0.00
November 0.00
October 0.00
September 0.00
August 0.00
July 0.00
June 0.00
May 0.50
April 0.00
March 0.00
February 0.25
January 0.25
2019 
2019 
December 2.30
November 2.28
October 2.19
September 2.16
August 2.12 
July 2.57
June 2.57
May 2.82
April 2.94
March 2.98
February 3.02
January 3.04
December 0.25
November 0.25
October 0.00
September 0.50 
August 0.50
July 0.75
June 1.00
May 1.00
April 1.25
March 1.25
February 1.25
January 1.50
2018
2018
December 3.10 
November 3.36
October 3.34
September 3.15
August 3.04
July 3.01
June 3.05
May 3.13
April 3.07 
March 3.09 
February 3.13
January 2.88
December 1.50
November 1.25
October 1.25
September 1.25
August 1.25
July 1.25
June 1.25
May 1.00
April 1.00
March 0.75
February 0.75
January 0.75
2017
2017
December 2.77
November 2.80
October 2.88 
September 2.78
August 2.8
July 2.88
June 2.80 
May 2.96
April 2.94
March 3.08
February 3.03 
January 3.02
December 0.75
November 0.75
October 0.75
September 1.00
August 0.75
July 1.00
June 1.00
May 1.00
April 1.00
March 1.25
February 1.25 
January 1.25
2016
2016
December 3.11 
November 2.86 
October 2.50
September 2.35 
August 2.26 
July 2.23
June 2.45
May 2.63
April 2.62
March 2.68
February 2.62
January 2.86
December 0.75
November 0.50
October 0.50
September 0.50
August 0.50
July 0.75
June 0.75
May 1.00
April 1.00
March 1.25
February 1.25
January 1.25
2015
2015
December 2.97 
November 3.03 
October 2.89 
September 2.95
August 2.86
July 3.07
June 3.11 
May 2.96 
April 2.59
March 2.63
February 2.57 
January 2.45
December 1.25
November 1.25
October 1.25
September 1.25
August 1.5
July 1.25
June 0.75
May 0.75
April 0.75
March 0.50
February 1.00
January 1.00
2014
2014
December 2.83
November 3.04
October 3.04
September 3.26
August 3.20 
July 3.33 
June 3.42
May 3.39
April 3.52 
March 3.62 
February 3.66
January 3.77
December 1.00
November 1.25
October 1.00
September 1.25
August 1.25
July 1.25
June 1.25
May 1.50
April 1.50
March 1.50
February 1.75
January 1.75
2013
2013
December 3.89 
November 3.80
October 3.68
September 3.79
August 3.76
July 3.60
June 3.40 
May 3.11
April 2.93
March 3.16
February 3.17
January 3.08
December 1.75
November 1.75
October 1.75
September 1.5
August 1.75
July 1.25
June 0.75
May 1.00
April 1.00
March 1.00
February 0.75
January 0.75
2012
2012
December 2.88
November 2.80
October 2.90
September 2.88
August 2.77
July 2.59
June 2.70
May 2.93
April 3.18
March 3.28
February 3.11
January 3.03
December 0.75
November 0.75
October 0.75
September 0.75
August 1.00
July 1.00
June 1.25
May 1.5
April 1.25
March 1.25
February 1.25
January 1.25
2011
2011
December 2.98
November 3.02
October 3.13
September 3.18
August 3.65
July 4.27
June 4.23
May 4.29
April 4.50
March 4.51
February 4.65
January 4.52
December 1.50
November 1.50
October 1.75
September 2.25
August 2.25
July 2.25
June 2.50
May 2.50
April 2.50
March 2.50
February 2.50
January 2.25
2010
2010
December 4.42
November 4.19
October 3.87
September 3.77
August 3.80
July 3.99
June 4.13
May 4.29
April 4.62
March 4.31
February 4.31
January 4.31
December 2.25
November 1.75
October 1.75
September 2.25
August 2.25
July 2.50
June 2.75
May 3.00
April 2.75
March 2.75
February 2.75
January 2.50
2009
2009
December 4.94
November 4.31
October 4.19
September 4.19
August 4.37
July 4.41
June 4.52
May 4.23
April 3.76
March 3.64
February 3.59
January 3.13
December 2.50
November 2.25
October 2.50
September 3.00
August 3.00
July 3.75
June 3.75
May 3.50
April 3.25
March 3.50
February 3.00
January 4.00
2008
2008
December 2.87
November 4.00
October 4.17
September 4.27
August 4.50
July 4.57
June 4.69
May 4.60
April 4.44
March 4.39
February 4.52
January 4.33
December 4.75
November 3.75
October 3.25
September 3.50
August 3.25
July 3.50
June 3.25
May 3.25
April 3.25
March 3.00
February 3.25
January 3.00
2007
2007
December 4.53
November 4.52
October 4.77
September 4.79
August 4.93
December 3.00
November 3.25
October 3.25
September 3.25

*Note regarding ERISA 4022 immediate and deferred lump sum interest rates - On September 9, 2020, PBGC issued a final rule providing that, starting in 2021 PBGC will use rates published by IRS [i.e., the IRC 417(e)(3) rates] to determine lump sum amounts for plans terminating after 2020. Because of that change, the December 2020 immediate and deferred rates shown in the November 2020 Monthly Interest Rate Summary were the last “legacy” 4022 rates that will be published. The final rule contains a table that enables practitioners to determine immediate and deferred interest rates in accordance with PBGC’s historical methodology for months after December 2020. Individuals seeking information about the interest rates their plans use to determine lump sums should contact their plan directly.

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