Tuesday, February 2, 2010

February is Here!

We're watching the GATT Rate closely again, as the all-important month of February is here for VZ associates. The February GATT Rate will be used in calculations for April-May-June 2010, and so far, we're off to a bad start with yesterday's GATT at 4.57%. So far, the first day represents a big jump from the previous quarter's rate of 4.31%, but remember, it's the monthly average that we're interested in. We'll need to watch the PBGC Rate as well, as it could provide the higher lump sum.

Please continue to monitor our website, and if you are a retiree in need of assistance, please feel free to call Harris Financial Group at (800) 281-3980.