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ERIC
ERIC Updates

THE ERISA COMMITTEE

<nobr>Dec 9, 2005</nobr>

30-Year Treasury Rate v. ERIC Composite Corporate Rate Update

H.R. 3108 (The Pension Funding Equity Act), currently before Congress, includes a composite corporate bond rate to replace the defunct 30 year Treasury rate for purposes of calculating pension liabilities. The composite rate before Congress is based on the arithmetic average of four conservative bond indexes: Moody's Aa Long Term Corporate Bond, Merrill Lynch 10+ Years High Quality, Citigroup High Grade Corporate Index, Lehman Brothers Aa Long Credit.

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Click here for the history of the Treasury, PBGC, & Composite Rate

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