Section 6: Additional Standard Projection Requirements
Bond fund returns. Equal to the 5-year trailing average of the 5-year U.S. Treasury rate, plus an earned spread of 100 bps per annum. ... The discount rate used shall be the 10-year U.S. Treasury bond rate on the valuation date unless otherwise specified in a subsequent sub-section of Section 6.B.6. j) For hybrid GMIBs, two types of GAPVs shall ... ................
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