Disclaimer: This information is provided to facilitate Scheme Actuaries in verifying MVA calculations for the purposes of the Pensions Authority’s “Prescribed Guidance in relation to Section 34 of the Pensions Act, 1990”. It does not constitute advice and no reliance should be placed on it. The Society will make reasonable endeavours to ensure that the information shown is correct. However, the Society disclaims all liability and responsibility for any party’s reliance on the information shown or for any action taken on foot of the information shown. Should you believe that any information shown is incorrect, please contact the Society at info@actuaries.ie.
Where this information includes links to other sites and resources provided by third parties, these links are provided for general information only. The Society assumes no responsibility for the contents of such third party offerings.
*These factors are calculated in accordance with the Pensions Authority Prescribed Guidance in relation to Section 34 of the Pensions Act, Version 02, effective from 1 January 2017
| Month & Year | 5.75% France Tresor 2032 | MVA 1 | 3.15% France Tresor 2032 | MVA 2 |
|---|---|---|---|---|
| June 30, 2025 | 2.91% | 1.149 | 0.97% | 1.237 |
| May 31, 2025 | 2.79% | 1.182 | 0.88% | 1.237 |
| April 30, 2025 | 2.79% | 1.182 | 0.83% | 1.277 |
| March 31, 2025 | 3.10% | 1.149 | 0.93% | 1.237 |
| February 28, 2025 | 2.85% | 1.182 | 0.85% | 1.277 |
| January 31, 2025 | 2.97% | 1.149 | 0.84% | 1.277 |
| December 31, 2024 | 2.97% | 1.149 | 1.00% | 1.237 |
| November 30, 2024 | 2.70% | 1.182 | 0.71% | 1.277 |
| October 31, 2024 | 2.95% | 1.149 | 0.93% | 1.237 |
| September 30, 2024 | 2.73% | 1.182 | 0.75% | 1.277 |
| August 31, 2024 | 2.86% | 1.182 | 0.90% | 1.237 |
| July 31, 2024 | 2.87% | 1.182 | 0.80% | 1.277 |
| June 30, 2024 | 3.18% | 1.117 | 1.01% | 1.237 |
| May 31, 2024 | 3.09% | 1.149 | 0.82% | 1.277 |
| April 30, 2024 | 3.01% | 1.149 | 0.63% | 1.277 |
| March 31, 2024 | 2.76% | 1.182 | 0.46% | 1.319 |
| February 29, 2024 | 2.84% | 1.182 | 0.59% | 1.319 |
| January 31, 2024 | 2.59% | 1.217 | 0.46% | 1.319 |
| December 31, 2023 | 2.47% | 1.217 | 0.36% | 1.362 |
| November 30, 2023 | 2.93% | 1.149 | 0.70% | 1.277 |
| October 31, 2023 | 3.32% | 1.117 | 0.88% | 1.237 |
| September 30, 2023 | 3.35% | 1.117 | 0.84% | 1.277 |
| August 31, 2023 | 2.93% | 1.149 | 0.45% | 1.319 |
| July 31, 2023 | 2.97% | 1.149 | 0.44% | 1.319 |
| June 30, 2023 | 2.89% | 1.149 | 0.47% | 1.319 |
| May 31, 2023 | 2.78% | 1.182 | 0.31% | 1.362 |
| April 30, 2023 | 2.81% | 1.182 | 0.31% | 1.362 |
| March 31, 2023 | 2.76% | 1.182 | 0.22% | 1.362 |
| February 28, 2023 | 3.08% | 1.149 | 0.39% | 1.319 |
| January 31, 2023 | 2.71% | 1.182 | 0.43% | 1.319 |
| December 31, 2022 | 3.09% | 1.149 | 0.73% | 1.277 |
| November 30, 2022 | 2.35% | 1.252 | -0.16% | 1.453 |
| October 31, 2022 | 2.66% | 1.182 | 0.13% | 1.362 |
| September 30, 2022 | 2.70% | 1.182 | 0.40% | 1.319 |
| August 31, 2022 | 2.06% | 1.289 | -0.44% | 1.501 |
| July 31, 2022 | 1.29% | 1.408 | -1.09% | 1.604 |
| June 30, 2022 | 1.89% | 1.289 | -0.34% | 1.453 |
| May 31, 2022 | 1.60% | 1.367 | -0.89% | 1.604 |
| April 30, 2022 | 1.41% | 1.367 | -1.57% | 1.714 |
| March 31, 2022 | 0.922% | 1.451 | -1.661% | 1.773 |
| February 28, 2022 | 0.520% | 1.541 | -1.537% | 1.714 |
| January 31, 2022 | 0.33% | 1.588 | -1.54% | 1.714 |
| December 31, 2021 | 0.17% | 1.588 | -1.65% | 1.773 |
| November 30, 2021 | -0.022% | 1.638 | -1.75% | 1.773 |
| October 31, 2021 | 0.24% | 1.588 | -1.58% | 1.714 |
| September 30, 2021 | 0.14% | 1.588 | -1.60% | 1.714 |
| August 31, 2021 | -0.03% | 1.638 | -1.58% | 1.714 |
| July 31, 2021 | -0.11% | 1.638 | -1.63% | 1.773 |
| June 30, 2021 | 0.11% | 1.638 | -1.33% | 1.658 |
| May 31, 2021 | 0.16% | 1.588 | -1.35% | 1.658 |
| April 30, 2021 | 0.14% | 1.588 | -1.33% | 1.658 |
| March 31, 2021 | 0.03% | 1.638 | -1.43% | 1.714 |
| February 28, 2021 | 0.04% | 1.638 | -1.18% | 1.658 |
| January 31, 2021 | -0.23% | 1.689 | -1.44% | 1.714 |
| December 31, 2020 | -0.29% | 1.689 | -1.37% | 1.658 |
| November 30, 2020 | -0.28% | 1.689 | -1.33% | 1.658 |
| October 31, 2020 | -0.29% | 1.689 | -1.17% | 1.658 |
| September 30, 2020 | -0.20% | 1.689 | -1.05% | 1.604 |
| August 31, 2020 | -0.04% | 1.638 | -1.02% | 1.604 |
| July 31, 2020 | -0.13% | 1.689 | -1.08% | 1.604 |
| June 30, 2020 | -0.05% | 1.638 | -0.87% | 1.551 |
| May 31, 2020 | 0.062% | 1.638 | -0.653% | 1.551 |
| April 30, 2020 | 0.03% | 1.638 | -0.66% | 1.551 |
| March 31, 2020 | 0.14% | 1.588 | -0.51% | 1.501 |
| February 29, 2020 | -0.189% | 1.689 | -1.15% | 1.658 |
| January 31, 2020 | -0.05% | 1.638 | -1.19% | 1.658 |
| December 31, 2019 | 0.24% | 1.588 | -0.92% | 1.604 |
| November 30, 2019 | 0.06% | 1.638 | -1.01% | 1.604 |
| October 31, 2019 | 0.02% | 1.638 | -1.03% | 1.604 |
| September 30, 2019 | -0.13% | 1.689 | -1.12% | 1.604 |
| August 30, 2019 | -0.25% | 1.689 | -1.22% | 1.658 |
| July 31, 2019 | 0.003% | 1.638 | -1.114% | 1.604 |
| June 30, 2019 | 0.19% | 1.588 | -0.79% | 1.551 |
| May 31, 2019 | 0.43% | 1.541 | -0.67% | 1.551 |
| April 30, 2019 | 0.59% | 1.541 | -0.70% | 1.551 |
| March 31, 2019 | 0.53% | 1.541 | -0.70% | 1.551 |
| February 28, 2019 | 0.84% | 1.495 | -0.39% | 1.501 |
| January 31, 2019 | 0.81% | 1.495 | -0.43% | 1.501 |
| December 31, 2018 | 0.96% | 1.451 | -0.30% | 1.453 |
| November 30, 2018 | 0.93% | 1.451 | -0.46% | 1.501 |
| October 31, 2018 | 0.97% | 1.451 | -0.54% | 1.501 |
| September 30, 2018 | 1.01% | 1.451 | -0.54% | 1.501 |
| August 31, 2018 | 0.91% | 1.451 | -0.63% | 1.551 |
| July 31, 2018 | 0.94% | 1.451 | -0.61% | 1.501 |
| June 30, 2018 | 0.87% | 1.495 | -0.70% | 1.551 |
| May 31, 2018 | 0.94% | 1.451 | -0.63% | 1.551 |
| April 30, 2018 | 1.02% | 1.451 | -0.56% | 1.501 |
| March 31, 2018 | 0.94% | 1.451 | -0.60% | 1.501 |
| February 28, 2018 | 1.14% | 1.408 | -0.40% | 1.501 |
| January 31, 2018 | 1.17% | 1.408 | -0.40% | 1.501 |
| December 31, 2017 | 1.04% | 1.451 | -0.55% | 1.501 |
| November 30, 2017 | 0.94% | 1.451 | -0.59% | 1.501 |
| October 31, 2017 | 1.04% | 1.451 | -0.51% | 1.501 |
| September 30, 2017 | 1.15% | 1.408 | -0.39% | 1.501 |
| August 31, 2017 | 1.06% | 1.451 | -0.39% | 1.501 |
| July 31, 2017 | 1.17% | 1.408 | -0.29% | 1.453 |
| June 30, 2017 | 1.17% | 1.408 | -0.23% | 1.453 |
| May 31, 2017 | 1.11% | 1.451 | -0.28% | 1.453 |
| April 30, 2017 | 1.20% | 1.408 | -0.29% | 1.453 |
| March 31, 2017 | 1.39% | 1.367 | -0.10% | 1.406 |
| February 28, 2017 | 1.29% | 1.408 | -0.22% | 1.453 |
| January 31, 2017 | 1.44% | 1.367 | -0.20% | 1.453 |
| *December 31, 2016 | 1.05% | 1.451 | -0.49% | 1.501 |
| November 30, 2016 | 1.10% | 1.485 | -0.29% | 1.413 |
| October 31, 2016 | 0.77% | 1.530 | -0.54% | 1.461 |
| September 30, 2016 | 0.48% | 1.577 | -0.72% | 1.510 |
| August 31, 2016 | 0.53% | 1.577 | -0.57% | 1.461 |
| July 31, 2016 | 0.39% | 1.577 | -0.76% | 1.510 |
| June 30, 2016 | 0.47% | 1.577 | -0.63% | 1.510 |
| May 31, 2016 | 0.907% | 1.485 | -0.326% | 1.413 |
| April 30, 2016 | 1.114% | 1.485 | -0.228% | 1.413 |
| March 31, 2016 | 0.91% | 1.485 | -0.31% | 1.413 |
| February 29, 2016 | 1.00% | 1.485 | -0.02% | 1.368 |
| January 31, 2016 | 1.20% | 1.442 | -0.06% | 1.368 |
| December 31, 2015 | 1.56% | 1.400 | 0.18% | 1.324 |
| November 30, 2015 | 1.34% | 1.442 | -0.26% | 1.413 |
| October 31, 2015 | 1.35% | 1.442 | -0.16% | 1.413 |
| September 30, 2015 | 1.49% | 1.400 | 0.13% | 1.324 |
| August 31, 2015 | 1.70% | 1.360 | 0.17% | 1.324 |
| July 31, 2015 | 1.44% | 1.40 | -0.14% | 1.413 |
| June 30, 2015 | 1.74% | 1.360 | 0.07% | 1.368 |
| May 31, 2015 | 1.22% | 1.442 | -0.29% | 1.413 |
| April 30, 2015 | 0.978% | 1.485 | -0.638% | 1.51 |
| March 31, 2015 | 0.79% | 1.53 | -0.67% | 1.51 |
| February 28, 2015 | 1.03% | 1.485 | -0.39% | 1.461 |
| January 31, 2015 | 0.99% | 1.485 | -0.27% | 1.413 |
| December 31, 2014 | 1.472% | 1.400 | 0.167% | 1.324 |
| November 30, 2014 | 1.602% | 1.400 | 0.187% | 1.324 |
| October 31, 2014 | 1.83% | 1.36 | 0.29% | 1.324 |
| September 30, 2014 | 1.933% | 1.321 | 0.282% | 1.324 |
| August 31, 2014 | 1.855% | 1.360 | 0.166% | 1.324 |
| July 31, 2014 | 2.137% | 1.284 | 0.372% | 1.324 |
| June 30, 2014 | 2.328% | 1.284 | 0.599% | 1.281 |
| May 31, 2014 | 2.461% | 1.248 | 0.667% | 1.240 |