PENSION BENEFIT GUARANTY CORPORATION ISSUES RULE: ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS; INTEREST ASSUMPTIONS FOR VALUING BENEFITS

WASHINGTON, Oct. 14 -- Pension Benefit Guaranty Corporation has issued a rule called: Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits.

The rule was published in the Federal Register on Oct. 14 by Joseph Krettek, Assistant General Counsel, Pension Benefit Guaranty Corporation.

Summary: This final rule amends the Pension Benefit Guaranty Corporation's regulation on Allocation of Assets in Single-Employer Plans to prescribe the spreads component of the interest assumption under the asset allocation regulation for plans with valuation dates of October 31, 2026-January 30, 2027. These interest assumptions are used for valuing benefits under terminating single-employer plans and for other purposes.

For ...