Today's yield on the 30-yr. Treasury closed at 4.52%.
The unofficial running average for the month of August so far is 4.51%.
Remember that this month's rate will be used for lump sum pension buyouts that use benefit commencement dates in October-November-December 2009. The rate that is in effect for the September 12th EISP is May's more favorable rate of 4.23%.
We have enjoyed meeting and speaking with those of you who are thinking about retiring with this offer. We're available to answer any questions you may have about your retirement options. Please call us at (800) 281-3980 or (804) 526-0544.