Ministerial Pension Plan (MPP)
Annuity Conversion Rate
The annuity conversion rate is the implied investment rate of return that the General Board must attain on the investment assets supporting your monthly benefit payment. The General Board considers numerous factors and gathers various sources of current data to ascertain the rate rather than using a single index or formula. These sources include, but are not limited to, interest rates on U.S. Government-issued debt, interest rates for highly rated corporate bonds that comprise the Citigroup Pension Discount Curve, annuity rates set by the Pension Benefit Guarantee Corporation, and market annuity rates quoted by insurance companies that sell annuity products. The General Board also considers its long-term expected rate of return for the assets supporting the MPP annuities.
The General Board will publish the new annuity conversion rate on this Web page by the 15th calendar day of the month, prior to the month for which the new rate will be effective. As general practice, the General Board continually monitors annuity conversion issues and evaluates alternatives.
| Month |
MPP and Pre-1982
Annuity Conversion Rate |
| December 2009 |
5.35% |
| November 2009 |
5.27% |
| October 2009 |
5.42% |
| September 2009 |
5.64% |
| August 2009 |
6.06% |
| July 2009 |
6.25% |
| June 2009 |
6.25% |
| May 2009 |
6.74% |
| April 2009 |
6.74% |
| March 2009 |
6.55% |
| February 2009 |
6.24% |
| January 2009 |
6.80% |
| December 2008 |
6.80% |
| November 2008 |
6.80% |
| October 2008 |
6.82% |
| September 2008 |
6.90% |
| August 2008 |
6.65% |
| July 2008 |
6.59% |
| June 2008 |
6.36% |
| May 2008 |
6.47% |
| April 2008 |
6.34% |
| March 2008 |
6.19% |
| February 2008 |
6.25% |
| January 2008 |
6.13% |
| December 2007 |
6.12% |
| November 2007 |
6.16% |
| October 2007 |
6.21% |
| September 2007 |
6.32% |
| August 2007 |
6.22% |
| July 2007 |
6.05% |
| June 2007 |
5.86% |
| May 2007 |
5.92% |
| April 2007 |
5.68% |
| March 2007 |
5.86% |
| February 2007 |
5.78% |
| January 2007 |
5.60% |
| December 2006 |
6.30% |
| November 2006 |
6.20% |
| October 2006 |
6.50% |
| September 2006 |
6.70% |
| August 2006 |
6.90% |
| July 2006 |
6.80% |
| June 2006 |
6.70% |
| May 2006 |
6.40% |
| April 2006 |
6.10% |
| March 2006 |
6.20% |
| February 2006 |
6.10% |
| January 2006 |
6.20% |
| December 2005 |
4.50% |
| November 2005 |
4.20% |
| October 2005 |
4.00% |
| September 2005 |
4.10% |
| August 2005 |
3.90% |
| July 2005 |
4.10% |
| June 2005 |
4.20% |
| May 2005 |
4.40% |
| April 2005 |
4.30% |
| March 2005 |
4.30% |
| February 2005 |
4.50% |
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