If your plan currently uses the standard (spot-rate) method to determine unfunded vested benefits (UVBs) to calculate PBGC variable-rate premiums
And you have the ability to switch to the alternative (24-month average) method
Then you may have the opportunity to reduce 2020 variable-rate premiums
The dramatic declines in interest rates in 2019 and 2020 mean that changing methods could generate significant savings
This election generally must be made (for a calendar plan) by October 15, 2020.
See our article discussing this issue in detail – Measuring UVBs for variable-rate premiums – the alternative vs. standard method election