Deferred Payment Gift Annuity Factors
for New York and New Jersey *

Approved by the American Council on Gift Annuities
October 16, 2002
Effective January 1, 2003 to June 30, 2003

If the deferral period does not exceed 20 years, you may follow the same procedure as for all other states.

Even if the deferral period is more than 20 years, you may be able to use the same procedure as for all other states, now that the compound interest factor has been reduced. However, the ACGA actuary is currently making these calculations, and this statement will be updated and modified when those calculations are finished.

* New York and New Jersey are the two states known at this time that may require different interest factors for deferred gift annuities with longer deferral periods.

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