Required Interest Rate Assumption for Determining Variable-Rate Premium; Interest Assumptions for Multiemployer Plan Valuations Following Mass Withdrawal, 47858-47859 [05-16098]
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47858
Federal Register / Vol. 70, No. 156 / Monday, August 15, 2005 / Notices
NATIONAL FOUNDATION ON THE
ARTS AND THE HUMANITIES
National Endowment for the Arts; Arts
Advisory Panel
Pursuant to section 10(a)(2) of the
Federal Advisory Committee Act (Pub.
L. 92–463), as amended, notice is hereby
given that four meetings of the Arts
Advisory Panel to the National Council
on the Arts will be held at the Nancy
Hanks Center, 1100 Pennsylvania
Avenue, NW., Washington, DC 20506 as
follows:
Literature (Creative Writing
Fellowships): September 14–16, 2005 in
Room 716. A portion of this meeting,
from 11:30 a.m. to 12:30 p.m. on Friday,
September 16th, will be open to the
public for policy discussion. The
remainder of the meeting, from 9 a.m. to
7 p.m. on September 14th, from 9 a.m.
to 6:30 p.m. on September 15th, and
from 9 a.m. to 11:30 a.m. and 12:30 p.m.
to 3 p.m. on September 16th, will be
closed.
Arts Education (Learning in the Arts
for Children & Youth Panel #1):
September 22–23, 2005 in Room 716. A
portion of this meeting, from 3:30 p.m.
to 4:15 p.m. on Friday, September 23rd,
will be open to the public for policy
discussion. The remainder of the
meeting, from 9 a.m. to 5:45 p.m. on
September 22nd and from 9 a.m. to 3:30
p.m. and from 4:15 p.m. to 4:45 p.m. on
September 23rd, will be closed.
Arts Education (Learning in the Arts
for Children & Youth Panel #2): October
3, 2005 in Room 716. A portion of this
meeting, from 3 p.m. to 3:45 p.m., will
be open to the public for policy
discussion. The remainder of the
meeting, from 9 a.m. to 3 p.m. and 3:45
p.m. to 4:30 p.m., will be closed.
Arts Education (Learning in the Arts
for Children & Youth Panel #3): October
5–7, 2005 in Room 716. A portion of
this meeting, from 3:30 p.m. to 4:15 p.m.
on Friday, October 7th, will be open to
the public for policy discussion. The
remainder of the meeting, from 9 a.m. to
6 p.m. on October 5th and October 6th,
and from 9 a.m. to 3:30 p.m. and from
4:15 p.m. to 5 p.m. on October 7th, will
be closed.
The closed portions of meetings are
for the purpose of Panel review,
discussion, evaluation, and
recommendations on financial
assistance under the National
Foundation on the Arts and the
Humanities Act of 1965, as amended,
including information given in
confidence to the agency. In accordance
with the determination of the Chairman
of April 8, 2005, these sessions will be
closed to the public pursuant to
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subsection (c)(6) of section 552b of title
5, United States Code.
Any person may observe meetings, or
portions thereof, of advisory panels that
are open to the public, and if time
allows, may be permitted to participate
in the panel’s discussions at the
discretion of the panel chairman. If you
need special accommodations due to a
disability, please contact the Office of
AccessAbility, National Endowment for
the Arts, 1100 Pennsylvania Avenue,
NW., Washington, DC 20506, 202/682–
5532, TDY–TDD 202/682–5496, at least
seven (7) days prior to the meeting.
Further information with reference to
this meeting can be obtained from Ms.
Kathy Plowitz-Worden, Office of
Guidelines & Panel Operations, National
Endowment for the Arts, Washington,
DC 20506, or call 202/682–5691.
Dated: August 9, 2005.
Kathy Plowitz-Worden,
Panel Coordinator, Panel Operations,
National Endowment for the Arts.
[FR Doc. 05–16126 Filed 8–12–05; 8:45 am]
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NATIONAL SCIENCE FOUNDATION
Committee Management; Notice of
Establishment
The Director of the National Science
Foundation has determined that the
establishment of the Advisory
Committee for Cyberinfrastructure is
necessary and in the public interest in
connection with the performance of
duties imposed upon the National
Science Foundation (NSF), by 42 U.S.C.
1861 et seq. This determination follows
consultation with the Committee
Management Secretariat, General
Services Administration.
Name of Committee: Advisory
Committee for Cyberinfrastructure
(#25150).
Purpose: Provide perspective and
advice to the Cyberinfrastructure
Council (CIC) of the National Science
Foundation on the agency’s plans and
programmatic strategies to develop and
support a state-of-the-art
cyberinfrastructure that enables
significant advances in fields of science
and engineering.
Responsible NSF Official: Deborah
Crawford, Office of Cyberinfrastrucutre,
National Science Foundation, 4201
Wilson Boulevard, Arlington, VA 22230.
Telephone: (703) 292–8900.
Dated: August 10, 2005.
Susanne Bolton,
Committee Management Officer.
[FR Doc. 05–16108 Filed 8–12–05; 8:45 am]
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PENSION BENEFIT GUARANTY
CORPORATION
Required Interest Rate Assumption for
Determining Variable-Rate Premium;
Interest Assumptions for
Multiemployer Plan Valuations
Following Mass Withdrawal
Pension Benefit Guaranty
Corporation.
ACTION: Notice of interest rates and
assumptions.
AGENCY:
SUMMARY: This notice informs the public
of the interest rates and assumptions to
be used under certain Pension Benefit
Guaranty Corporation regulations. These
rates and assumptions are published
elsewhere (or can be derived from rates
published elsewhere), but are collected
and published in this notice for the
convenience of the public. Interest rates
are also published on the PBGC’s Web
site (https://www.pbgc.gov).
DATES: The required interest rate for
determining the variable-rate premium
under part 4006 applies to premium
payment years beginning in August
2005. The interest assumptions for
performing multiemployer plan
valuations following mass withdrawal
under part 4281 apply to valuation dates
occurring in September 2005.
FOR FURTHER INFORMATION CONTACT:
Catherine B. Klion, Attorney, Legislative
and Regulatory Department, Pension
Benefit Guaranty Corporation, 1200 K
Street, NW., Washington, DC 20005,
202–326–4024. (TTY/TDD users may
call the Federal relay service toll-free at
1–800–877–8339 and ask to be
connected to 202–326–4024.)
SUPPLEMENTARY INFORMATION:
Variable-Rate Premiums
Section 4006(a)(3)(E)(iii)(II) of the
Employee Retirement Income Security
Act of 1974 (ERISA) and § 4006.4(b)(1)
of the PBGC’s regulation on Premium
Rates (29 CFR part 4006) prescribe use
of an assumed interest rate (the
‘‘required interest rate’’) in determining
a single-employer plan’s variable-rate
premium. Pursuant to the Pension
Funding Equity Act of 2004, for
premium payment years beginning in
2004 or 2005, the required interest rate
is the ‘‘applicable percentage’’
(currently 85 percent) of the annual rate
of interest determined by the Secretary
of the Treasury on amounts invested
conservatively in long-term investment
grade corporate bonds for the month
preceding the beginning of the plan year
for which premiums are being paid.
Thus, the required interest rate to be
used in determining variable-rate
premiums for premium payment years
E:\FR\FM\15AUN1.SGM
15AUN1
Federal Register / Vol. 70, No. 156 / Monday, August 15, 2005 / Notices
beginning in August 2005 is 4.56
percent (i.e., 85 percent of the 5.37
percent composite corporate bond rate
for July 2005 as determined by the
Treasury).
The following table lists the required
interest rates to be used in determining
47859
variable-rate premiums for premium
payment years beginning between
September 2004 and August 2005.
The required
interest rate is:
For premium payment years beginning in:
September 2004 ..................................................................................................................................................................................
October 2004 .......................................................................................................................................................................................
November 2004 ...................................................................................................................................................................................
December 2004 ...................................................................................................................................................................................
January 2005 .......................................................................................................................................................................................
February 2005 .....................................................................................................................................................................................
March 2005 ..........................................................................................................................................................................................
April 2005 .............................................................................................................................................................................................
May 2005 .............................................................................................................................................................................................
June 2005 ............................................................................................................................................................................................
July 2005 .............................................................................................................................................................................................
August 2005 .........................................................................................................................................................................................
Multiemployer Plan Valuations
Following Mass Withdrawal
The PBGC’s regulation on Duties of
Plan Sponsor Following Mass
Withdrawal (29 CFR part 4281)
prescribes the use of interest
assumptions under the PBGC’s
regulation on Allocation of Assets in
Single-Employer Plans (29 CFR part
4044). The interest assumptions
applicable to valuation dates in
September 2005 under part 4044 are
contained in an amendment to part 4044
published elsewhere in today’s Federal
Register. Tables showing the
assumptions applicable to prior periods
are codified in appendix B to 29 CFR
part 4044.
Issued in Washington, DC, on this 8th day
of August, 2005.
Vincent K. Snowbarger,
Deputy Executive Director, Pension Benefit
Guaranty Corporation.
[FR Doc. 05–16098 Filed 8–12–05; 8:45 am]
BILLING CODE 7708–01–P
by annuitants and former spouses to
elect, cancel, suspend or change health
benefits enrollment during periods other
than open season.
There are approximately 30,000
changes to health benefits coverage per
year. Of these, 20,000 are submitted on
OPM Form 2809 and 10,000 verbally or
in written correspondence. Each form
takes approximately 45 minutes to
complete; data collection by telephone
or mail takes approximately 10 minutes.
The annual burden for the form is
15,000 hours; the burden not using the
form is 1,667 hours. The total burden is
16,667 hours.
For copies of this proposal, contact
Mary Beth Smith-Toomey on (202) 606–
8358, FAX (202) 418–3251 or via e-mail
to mbtoomey@opm.gov. Please include a
mailing address with your request.
Comments on this proposal
should be received within 30 calendar
days from the date of this publication.
DATES:
Send or deliver comments
to—Pamela Israel, Chief, Operations
Support Group, Retirement Services
Program, U.S. Office of Personnel
Management, 1900 E Street, NW., Room
3349, Washington, DC 20415; and
Brenda Aguilar, OPM Desk Officer,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
NW., Room 10235, Washington, DC
20503.
ADDRESSES:
OFFICE OF PERSONNEL
MANAGEMENT
Submission for OMB Review;
Comment Request for Review of a
Revised Information Collection: OPM
2809
Office of Personnel
Management.
ACTION: Notice.
AGENCY:
In accordance with the
Paperwork Reduction Act of 1995 (Pub.
L. 104–13, May 22, 1995), this notice
announces that the Office of Personnel
Management (OPM) has submitted to
the Office of Management and Budget
(OMB) a request for review of a revised
information collection. OPM 2809,
Health Benefits Election Form, is used
SUMMARY:
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FOR FURTHER INFORMATION CONTACT:
Cyrus S. Benson, Team Leader,
Publications Team, Administrative
Services Branch, (202) 606–0623.
Office of Personnel Management.
Linda M. Springer,
Director.
[FR Doc. 05–16091 Filed 8–12–05; 8:45 am]
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4.95
4.79
4.73
4.75
4.73
4.66
4.56
4.78
4.72
4.60
4.47
4.56
RAILROAD RETIREMENT BOARD
Agency Forms Submitted for OMB
Review
Summary: In accordance with the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35), the Railroad
Retirement Board (RRB) has submitted
the following proposal(s) for the
collection of information to the Office of
Management and Budget for review and
approval.
Summary of Proposal(s)
(1) Collection title: Student
Beneficiary Monitoring.
(2) Form(s) submitted: G–315, G–
315A, G–315A.1.
(3) OMB Number: 3220–0123.
(4) Expiration date of current OMB
clearance: 01/31/2007.
(5) Type of request: Revision of a
currently approved collection.
(6) Respondents: Individuals or
households, business or other for-profit,
non-profit institutions.
(7) Estimated annual number of
respondents: 900.
(8) Total annual responses: 900.
(9) Total annual reporting hours: 217.
(10) Collection description: Under the
Railroad Retirement Act (RRA), a
student benefit is not payable if the
student ceases full-time school
attendance, marries, works in the
railroad industry, has excessive earnings
or attains the upper age limit under the
RRA. The report obtains information to
be used in determining if benefits
should cease or be reduced.
Additional Information or Comments:
Copies of the forms and supporting
documents can be obtained from
Charles Mierzwa, the agency clearance
officer at (312) 751–3363 or
Charles.Mierzwa@RRB.GOV.
Comments regarding the information
collection should be addressed to
E:\FR\FM\15AUN1.SGM
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]]>Agencies
[Federal Register Volume 70, Number 156 (Monday, August 15, 2005)]
[Notices]
[Pages 47858-47859]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-16098]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
Required Interest Rate Assumption for Determining Variable-Rate
Premium; Interest Assumptions for Multiemployer Plan Valuations
Following Mass Withdrawal
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of interest rates and assumptions.
-----------------------------------------------------------------------
SUMMARY: This notice informs the public of the interest rates and
assumptions to be used under certain Pension Benefit Guaranty
Corporation regulations. These rates and assumptions are published
elsewhere (or can be derived from rates published elsewhere), but are
collected and published in this notice for the convenience of the
public. Interest rates are also published on the PBGC's Web site
(https://www.pbgc.gov).
DATES: The required interest rate for determining the variable-rate
premium under part 4006 applies to premium payment years beginning in
August 2005. The interest assumptions for performing multiemployer plan
valuations following mass withdrawal under part 4281 apply to valuation
dates occurring in September 2005.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Attorney,
Legislative and Regulatory Department, Pension Benefit Guaranty
Corporation, 1200 K Street, NW., Washington, DC 20005, 202-326-4024.
(TTY/TDD users may call the Federal relay service toll-free at 1-800-
877-8339 and ask to be connected to 202-326-4024.)
SUPPLEMENTARY INFORMATION:
Variable-Rate Premiums
Section 4006(a)(3)(E)(iii)(II) of the Employee Retirement Income
Security Act of 1974 (ERISA) and Sec. 4006.4(b)(1) of the PBGC's
regulation on Premium Rates (29 CFR part 4006) prescribe use of an
assumed interest rate (the ``required interest rate'') in determining a
single-employer plan's variable-rate premium. Pursuant to the Pension
Funding Equity Act of 2004, for premium payment years beginning in 2004
or 2005, the required interest rate is the ``applicable percentage''
(currently 85 percent) of the annual rate of interest determined by the
Secretary of the Treasury on amounts invested conservatively in long-
term investment grade corporate bonds for the month preceding the
beginning of the plan year for which premiums are being paid. Thus, the
required interest rate to be used in determining variable-rate premiums
for premium payment years
[[Page 47859]]
beginning in August 2005 is 4.56 percent (i.e., 85 percent of the 5.37
percent composite corporate bond rate for July 2005 as determined by
the Treasury).
The following table lists the required interest rates to be used in
determining variable-rate premiums for premium payment years beginning
between September 2004 and August 2005.
------------------------------------------------------------------------
The required
For premium payment years beginning in: interest rate
is:
------------------------------------------------------------------------
September 2004.......................................... 4.95
October 2004............................................ 4.79
November 2004........................................... 4.73
December 2004........................................... 4.75
January 2005............................................ 4.73
February 2005........................................... 4.66
March 2005.............................................. 4.56
April 2005.............................................. 4.78
May 2005................................................ 4.72
June 2005............................................... 4.60
July 2005............................................... 4.47
August 2005............................................. 4.56
------------------------------------------------------------------------
Multiemployer Plan Valuations Following Mass Withdrawal
The PBGC's regulation on Duties of Plan Sponsor Following Mass
Withdrawal (29 CFR part 4281) prescribes the use of interest
assumptions under the PBGC's regulation on Allocation of Assets in
Single-Employer Plans (29 CFR part 4044). The interest assumptions
applicable to valuation dates in September 2005 under part 4044 are
contained in an amendment to part 4044 published elsewhere in today's
Federal Register. Tables showing the assumptions applicable to prior
periods are codified in appendix B to 29 CFR part 4044.
Issued in Washington, DC, on this 8th day of August, 2005.
Vincent K. Snowbarger,
Deputy Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 05-16098 Filed 8-12-05; 8:45 am]
BILLING CODE 7708-01-P
