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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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Text of PBGC Monthly Interest Rate Update for November 2014
Pension Benefit Guaranty Corporation [PBGC] [Official Guidance] Oct. 14, 2014
"This final rule amends the [PBGC] regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in November 2014. The interest assumptions are used for paying benefits under terminating single-employer plans[.] ... The November 2014 interest assumptions under the benefit payments regulation will be 1.25 percent for the period during which a benefit is in pay status and 4.00 percent during any years preceding the benefit's placement in pay status. In comparison with the interest assumptions in effect for October 2014, these interest assumptions represent an increase of 0.25 percent in the immediate annuity rate and are otherwise unchanged."
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