GATT rate effects on Pension?

[anonymous]

Any easy to explain examples of how the GATT rate effects pension lump sum ‘s? I understand that if rates go up lumps decrease, but is there a way to input actual numbers? I.e. $1 million lump would be decreased or increase by a specific GATT rate?

 

[anonymous]

Any easy to explain examples of how the GATT rate effects pension lump sum ‘s? I understand that if rates go up lumps decrease, but is there a way to input actual numbers? I.e. $1 million lump would be decreased or increase by a specific GATT rate?

If 1 million balance then every 1/8th increase in rate will make your pension balance go down eby 100k. Since the election GATT rates are up .675% so 1million pension in Nov would be 650k now.
Rates will never go down to those lowest levels again.
Rates up up up w Biden

 

[anonymous]

If 1 million balance then every 1/8th increase in rate will make your pension balance go down eby 100k. Since the election GATT rates are up .675% so 1million pension in Nov would be 650k now.
Rates will never go down to those lowest levels again.
Rates up up up w Biden

Rates have to go up, regardless of who is POTUS. That's what happens when you cut revenues (taxes) while simultaneously increasing spending five-fold. The Rush Crowd has always been about mortgaging our kids futures to give the ultra rich a tax break now.

 

[anonymous]

I think we can safely say that the current administration is the party of corporate America and that they are mortgaging our kids future to the tune of Trillions and Trillions. No amount of personal income tax increases can cover that nut. Why do you think Amazon, Facebook, Twitter, etc support Dems ? It's not for the good of person-kind ( see I'm learning, didn't say mankind)

 

[anonymous]

If 1 million balance then every 1/8th increase in rate will make your pension balance go down eby 100k. Since the election GATT rates are up .675% so 1million pension in Nov would be 650k now.
Rates will never go down to those lowest levels again.
Rates up up up w Biden

True, pension balance benefitted under Trump

 

[anonymous]

You missed to low of pension rates and peak value of lump sum. Last 6 months, $1million pension has lost 300k in value.
It will never be that high again as rates will never be that low.
Rates were artificially driven down w covid business lock down. Will never happen agIn