Thursday, March 11, 2010

New Rates are Loaded in Benefits Center System -- PBGC Winning?

Let me start with our standard disclaimer that we are not affiliated with either Verizon or the Hewitt Benefits Center.

We have observed through some of the clients that we are working with that the new interest rates for the 2nd Quarter have been uploaded into the benefits center calculations. As we reported earlier on this site, the lump sum amounts have dropped.

It appears that the PBGC Rate is now producing the "winning" combination, at least for some of you. Unfortunately, the lump sum amounts are still lower than the prior quarter's amounts.

Please call Harris Financial Group at (800) 281-3980 to discuss your retirement and how these rates might affect you.