Through August of 2009, the following compound interest factors during the deferral period noted will satisfy the requirements of New York and New Jersey:

For deferral periods of zero to no more than five years:

Single-life and two-life annuities, whatever the gender of the annuitants, a compound interest factor of 4.25%.

For deferral periods of more than five years to no more than 10 years:

Single-life and two-life annuities, whatever the gender of the annuitants, a compound interest factor of 4.25%.

For deferral periods of more than 10 years to no more than 20 years:

Single-life and two-life annuities, whatever the gender of the annuitants, a compound interest factor of 4.25%.

For deferral periods of more than 20 years:

Single-life and two-life annuities, whatever the gender of the annuitants, a compound interest factor of 4.25%.

The deferred gift annuity rates with the lower compound interest factor should be acceptable for all ages in New York and New Jersey. Any changes in this regard will be posted on the ACGA website and noted on printed rate schedules.

** 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.