Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Compass
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Upcoming Jump in PBGC Deficit Will Be Non-Event (PDF)
American Benefits Council [Opinion] Nov. 12, 2012
2 pages. "The dramatic drop in interest rates over the last 12 months will have the temporary effect of making PGGC's liabilities as of September 30, 2012 appear far greater than they were last year and greater than they really are, thus creating [a] record deficit.... Almost 80% of the PBGC's deficit is directly attributable to the decline in interest rates since September 30, 2008.... The remaining 20% ... is attributable to the fact that PBGC uses an interest rate that is materially lower than interest rates required by [FASB], [IASB], and the Pension Protection Act of 2006."
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