Friday, July 17, 2009

GATT Rate Ends the Week at 4.53%

Not a good week for those of you hoping the rate comes back down for the month of August. There's still time for that to happen, and we'll watch closely next week.

The rate is now almost 100 basis points (1%) higher than it was for June 27th retirees, potentially resulting in huge reductions in lump sum amounts.