Specified Rate

Example Definitions of "Specified Rate"
Specified Rate. The monthly average annual yield of 30-Year United States Treasury Bonds as published in the Federal Reserve Statistical Release G.13 (415) "Select Interest Rates" for constant maturities and in effect on the first day of the month prior to the month in which a payment is to be made; provided, that for purposes of calculating a Change in Control Lump Sum Payment, the interest rate for immediate annuities of the Pension Benefit Guaranty Corporation (PBGC) in effect on the date of the Change in... Control as set forth in Appendix B to Part 2619 of 29 Code of Federal Regulations, or any other successor or similar rate. View More
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