On April 22, 2022, Dave Ely, Chair of the American Council on Gift Annuities’ Rates and Regulations Committee, announced at the ACGA Conference that the ACGA would be increasing its suggested maximum annuity rates, effective July 1, 2022. We now know the details of the new rates, which the ACGA made public on June 2. The new rates replace the rates that became effective July 1, 2020. The ACGA’s decision to increase its suggested maximum gift annuity rates was triggered by the sharp rise in interest rates since the beginning of the year.

Note: Looking for PG Calc's analysis of the ACGA rates going into effect on January 1, 2023? See our blog post: Analysis of the New 2023 ACGA Annuity Rates.