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American Benefits Council Letter to PBGC Regarding Variable Rate Premium Issues (PDF)
American Benefits Council Link to more items from this source
[Opinion]
Apr. 1, 2010
4 pages. Excerpt: For 2009, it was very advantageous for plans to use the Alternative Method. This was the case because for plan years beginning in 2009, the Internal Revenue Service permitted plans to use, for minimum funding purposes, the 'full yield curve' for any 'applicable month'. Thisenabled calendar year plans to use the very high interest rates in effect for October of 2008 in determining their funding target for 2009. Under the Alternative Method, the same high interest rates would be used for determining a plan's Premium Funding Target. This would substantially reduce the plan's Premium Funding Target, thus eliminating or materiallyreducing any liability for variable-rate premiums.

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