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Rising bond rates should affect CIA prescribed rates which will affect the commuted value (ie rates going up means that your $$ goes down). Commuted value (in simple terms) is what you need to invest today in order to get the monthly benefit you earned in future. Every temination of employment gets an individual calculation.

The valuations have nothing with your commuted value! (well that's not entirely true because if the assets vs. liabilities are in trouble FSCO might not allow the firm to pay out the full amount of your commuted value - but that's another story).
 
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