Section 34 Prescribed Guidance MVA Factors from May 2014

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.

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*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 & Year5.75% France Tresor 2032MVA 13.15% France Tresor 2032MVA 2
February 29, 2024 2.84%1.1820.59%1.319
January 31, 20242.59%1.2170.46%1.319
December 31, 20232.47%1.2170.36%1.362
November 30, 20232.93%1.1490.70%1.277
October 31, 20233.32%1.1170.88%1.237
September 30, 20233.35%1.1170.84%1.277
August 31, 20232.93%1.1490.45%1.319
July 31, 20232.97%1.1490.44%1.319
June 30, 20232.89%1.1490.47%1.319
May 31, 20232.78%1.1820.31%1.362
April 30, 20232.81%1.1820.31%1.362
March 31, 20232.76%1.1820.22%1.362
February 28, 20233.08%1.1490.39%1.319
January 31, 20232.71%1.1820.43%1.319
December 31, 20223.09%1.1490.73%1.277
November 30, 20222.35%1.252-0.16%1.453
October 31, 20222.66%1.1820.13%1.362
September 30, 20222.70%1.1820.40%1.319
August 31, 20222.06%1.289-0.44%1.501
July 31, 20221.29%1.408-1.09%1.604
June 30, 20221.89%1.289-0.34%1.453
May 31, 20221.60%1.367-0.89%1.604
April 30, 20221.41%1.367-1.57%1.714
March 31, 20220.922%1.451-1.661%1.773
February 28, 20220.520%1.541-1.537%1.714
January 31, 20220.33%1.588-1.54%1.714
December 31, 20210.17%1.588-1.65%1.773
November 30, 2021-0.022%1.638-1.75%1.773
October 31, 20210.24%1.588-1.58%1.714
September 30, 20210.14%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, 20210.11%1.638-1.33%1.658
May 31, 20210.16%1.588-1.35%1.658
April 30, 20210.14%1.588-1.33%1.658
March 31, 20210.03%1.638-1.43%1.714
February 28, 20210.04%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, 20200.062%1.638-0.653%1.551
April 30, 20200.03%1.638-0.66%1.551
March 31, 20200.14%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, 20190.24%1.588-0.92%1.604
November 30, 20190.06%1.638-1.01%1.604
October 31, 20190.02%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, 20190.003%1.638-1.114%1.604
June 30, 20190.19%1.588-0.79%1.551
May 31, 20190.43%1.541-0.67%1.551
April 30, 20190.59%1.541-0.70%1.551
March 31, 20190.53%1.541-0.70%1.551
February 28, 20190.84%1.495-0.39%1.501
January 31, 20190.81%1.495-0.43%1.501
December 31, 20180.96%1.451-0.30%1.453
November 30, 20180.93%1.451-0.46%1.501
October 31, 20180.97%1.451-0.54%1.501
September 30, 20181.01%1.451-0.54%1.501
August 31, 20180.91%1.451 -0.63%1.551
July 31, 20180.94%1.451-0.61%1.501
June 30, 20180.87%1.495-0.70%1.551
May 31, 20180.94%1.451-0.63%1.551
April 30, 20181.02%1.451-0.56%1.501
March 31, 20180.94%1.451-0.60%1.501
February 28, 20181.14%1.408 -0.40%1.501
January 31, 20181.17%1.408  -0.40%1.501
December 31, 20171.04%1.451  -0.55%1.501
November 30, 20170.94%1.451-0.59%1.501
October 31, 20171.04%1.451 -0.51%1.501
September 30, 20171.15%1.408-0.39%1.501
August 31, 20171.06%1.451-0.39%1.501
July 31, 20171.17%1.408-0.29%1.453
June 30, 20171.17%1.408  -0.23%1.453
May 31, 20171.11%1.451-0.28%1.453
April 30, 20171.20%1.408 -0.29%1.453
March 31, 20171.39%1.367  -0.10%1.406
February 28, 20171.29%1.408-0.22%1.453
January 31, 20171.44%1.367-0.20%1.453
*December 31, 20161.05%1.451-0.49%1.501
November 30, 20161.10%1.485-0.29%1.413
October 31, 20160.77%1.530-0.54%1.461
September 30, 20160.48% 1.577-0.72% 1.510
August 31, 20160.53%1.577-0.57%1.461
July 31, 20160.39%1.577-0.76%1.510
June 30, 20160.47%1.577-0.63%1.510
May 31, 20160.907%1.485-0.326%1.413
April 30, 20161.114%1.485-0.228%1.413
March 31, 20160.91%1.485-0.31%1.413
February 29, 20161.00%1.485-0.02%1.368
January 31, 20161.20%1.442-0.06%1.368
December 31, 20151.56%1.4000.18%1.324
November 30, 20151.34%1.442-0.26%1.413
October 31, 20151.35%1.442-0.16%1.413
September 30, 20151.49%1.4000.13%1.324
August 31, 20151.70%1.3600.17%1.324
July 31, 20151.44%1.40-0.14%1.413
June 30, 20151.74%1.3600.07%1.368
May 31, 20151.22%1.442-0.29%1.413
April 30, 20150.978%1.485-0.638%1.51
March 31, 20150.79%1.53-0.67%1.51
February 28, 20151.03%1.485-0.39%1.461
January 31, 20150.99%1.485-0.27%1.413
December 31, 20141.472%1.4000.167%1.324
November 30, 20141.602%1.4000.187%1.324
October 31, 20141.83%1.360.29%1.324
September 30, 20141.933%1.3210.282%1.324
August 31, 20141.855%1.3600.166%1.324
July 31, 20142.137%1.2840.372%1.324
June 30, 20142.328%1.2840.599%1.281
May 31, 20142.461%1.248 0.667%1.240