For those interested, the IRS published the March interest rates used for pension calculation.
For those that are thinking of retiring within a year or two and are considering to take the lump sum distribution, you’d be wise to pay attention to interest rates.
Remember that the higher the interest rates, the lower the discounted present value amount you would receive.
FYI, the last time the 3-month weighed average rate was higher was in December 2019.
Note that a 1% increase in interest rates will result in approximate 8 to 10% loss in the lump sum distribution amount you would receive.