ATTN BP Employees,

Updated interest rates that impact your BP Pension (BP RAP) have been released. For a clear understanding of these changing rates, please find attached our interest rate chart detailing the current interest rates influencing your BP RAP and our predictions for where they may head in the future.

What You Need to Know:

  1. Interest Rates used to calculate your BP RAP pension increased moderately this month but remained in-line with our forecast. These rates may spike upward in the coming months.
  2. What Does this Mean for You? If rates do spike and you are considering retiring soon, now might not be ideal time to retire. We strongly encourage you to contact us to discuss the impact these rates could have on your BP RAP and your overall retirement goals.
  3. Why are the Rates Changing? Despite the Federal Reserve not increasing interest rates at the last meeting on September 13th, he hinted that additional measures may need to be taken depending on how hot the economy and labor market continue to run. There is speculation that the rising long-term bond yield may curtail the need for an additional hike.
  4. What’s Next? Elevated rates may stay higher for longer, however, substantial economic events like a highly anticipated US recession, could alter this outlook.

Need Some Guidance?

If all of this feels a bit confusing, don’t worry. We’re here to help! Our team of financial advisors is well-versed in all things related to BP retirement plans. Whether it is the BP RAP, ESP, SVP, RRSP, or any other BP-related plans, we’ve got you covered.

Want to learn more? Simply email us at or give us a call at (877)739-6007.


Capstone Wealth Advisors

Bellingham, WA



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