PBGC Flat Premium Rates, 69602-69603 [E6-20386]

Download as PDF 69602 Federal Register / Vol. 71, No. 231 / Friday, December 1, 2006 / Notices conflicts with 10 CFR 30.36(d), requiring that decommissioning of byproduct material facilities be completed and approved by the NRC after licensed activities cease. The NRC’s analysis of the Licensee’s final status survey data confirmed that the Facility meets the requirements of 10 CFR 20.1402 for unrestricted release and for license termination. Additionally, denying the amendment request would result in no change in current environmental impacts. The environmental impacts of the proposed action and the no-action alternative are therefore similar, and the no-action alternative is accordingly not further considered. Conclusion The NRC staff has concluded that the proposed action is consistent with the NRC’s unrestricted release criteria specified in 10 CFR 20.1402. Because the proposed action will not significantly impact the quality of the human environment, the NRC staff concludes that the proposed action is the preferred alternative. Agencies and Persons Consulted NRC provided a draft of this Environmental Assessment to the Commonwealth of Virginia for review on October 17, 2006. On October 24, 2006, the Commonwealth of Virginia, Division of Radiological Health and Safety Regulation, responded by e-mail. The Commonwealth agreed with the conclusions of the EA, and otherwise had no comments. The NRC staff has determined that the proposed action is of a procedural nature, and will not affect listed species or critical habitat. Therefore, no further consultation is required under Section 7 of the Endangered Species Act. The NRC staff has also determined that the proposed action is not the type of activity that has the potential to cause effects on historic properties. Therefore, no further consultation is required under Section 106 of the National Historic Preservation Act. IV. Further Information Documents related to this action, including the application for license amendment and supporting documentation, are available electronically at the NRC’s Electronic Reading Room at https://www.nrc.gov/ reading-rm/adams.html. From this site, you can access the NRC’s Agencywide Document Access and Management System (ADAMS), which provides text and image files of NRC’s public documents. The documents related to this action are listed below, along with their ADAMS accession numbers. 1. Letters dated September 30, 2006, (ML062770396) and October 16, 2006, (ML062900505); 2. NUREG–1757, ‘‘Consolidated NMSS Decommissioning Guidance;’’ 3. Title 10 Code of Federal Regulations, Part 20, Subpart E, ‘‘Radiological Criteria for License Termination;’’ 4. Title 10, Code of Federal Regulations, Part 51, ‘‘Environmental Protection Regulations for Domestic Licensing and Related Regulatory Functions;’’ 5. NUREG–1496, ‘‘Generic Environmental Impact Statement in Support of Rulemaking on Radiological Criteria for License Termination of NRCLicensed Nuclear Facilities.’’ If you do not have access to ADAMS, or if there are problems in accessing the documents located in ADAMS, contact the NRC Public Document Room (PDR) Reference staff at 1–800–397–4209, 301– 415–4737, or by e-mail to pdr@nrc.gov. These documents may also be viewed electronically on the public computers located at the NRC’s PDR, O 1 F21, One White Flint North, 11555 Rockville Pike, Rockville, MD 20852. The PDR reproduction contractor will copy documents for a fee. Dated at 475 Allendale Road, King of Prussia, Pennsylvania this 20th day of November 2006. For The Nuclear Regulatory Commission. James P. Dwyer, Chief Commercial and R&D Branch, Division of Nuclear Materials Safety, Region 1. [FR Doc. E6–20327 Filed 11–30–06; 8:45 am] BILLING CODE 7590–01–P rmajette on PROD1PC67 with NOTICES1 III. Finding of No Significant Impact The NRC staff has prepared this EA in support of the proposed action. On the basis of this EA, the NRC finds that there are no significant environmental impacts from the proposed action, and that preparation of an environmental impact statement is not warranted. Accordingly, the NRC has determined that a Finding of No Significant Impact is appropriate. VerDate Aug<31>2005 13:50 Nov 30, 2006 Jkt 211001 PENSION BENEFIT GUARANTY CORPORATION PBGC Flat Premium Rates Pension Benefit Guaranty Corporation. ACTION: Notice of flat premium rates. AGENCY: SUMMARY: This notice informs the public of the PBGC flat premium rates for PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 premium payment years beginning in 2007. These rates can be derived from information published elsewhere but are published in this notice for the convenience of the public. The flat premium rates apply to premium payment years beginning in 2007. DATES: FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Manager, Regulatory and Policy Division, 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.) The Pension Benefit Guaranty Corporation (PBGC) administers the pension plan termination insurance program under Title IV of the Employee Retirement Income Security Act of 1974 (ERISA). Pension plans covered by Title IV must pay premiums to PBGC. Section 4006 of ERISA deals with premium rates. The Deficit Reduction Act of 2005 (Pub. L. 109–171) (DRA 2005) amends section 4006 of ERISA. DRA 2005 changes the per-participant flat premium rate for plan years beginning in 2006 from $19 to $30 for singleemployer plans and from $2.60 to $8 for multiemployer plans and provides for inflation adjustments to the flat rates for future years. The adjustments are based on changes in the national average wage index as defined in section 209(k)(1) of the Social Security Act, with a two-year lag—for example, for 2007, the 2005 index is compared to the baseline (the 2004 index). The new provisions are written in such a way that the premium rate can never go down; if the change in the national average wage index is negative, the premium rate remains the same as in the preceding year. Also, premium rates are rounded to the nearest whole dollar. The baseline national average wage index, the 2004 index, was $35,648.55. The 2005 index is $36,952.94. The ratio of the 2005 index to the 2004 index is 1.03659. Multiplying this ratio by $30.00 gives $31.10 which rounds to $31.00. Multiplying the ratio by $8.00 gives $8.29, which rounds to $8.00. Thus, the 2007 flat premium rates for PBGC’s two insurance programs will be $31.00 per participant for singleemployer plans and $8.00 per participant for multiemployer plans. The PBGC will publish the flat premium rates annually for the convenience of the public. SUPPLEMENTARY INFORMATION: E:\FR\FM\01DEN1.SGM 01DEN1 Federal Register / Vol. 71, No. 231 / Friday, December 1, 2006 / Notices Issued in Washington, DC, on this 17th day of November 2006. Vincent K. Snowbarger, Interim Director, Pension Benefit Guaranty Corporation. [FR Doc. E6–20386 Filed 11–30–06; 8:45 am] BILLING CODE 7709–01–P RAILROAD RETIREMENT BOARD rmajette on PROD1PC67 with NOTICES1 Proposed Collection; Comment Request SUMMARY: In accordance with the requirement of Section 3506(c)(2)(A) of the Paperwork Reduction Act of 1995 which provides opportunity for public comment on new or revised data collections, the Railroad Retirement Board (RRB) will publish periodic summaries of proposed data collections. Comments are invited on: (a) Whether the proposed information collection is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the RRB’s estimate of the burden of the collection of the information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden related to the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. Title and purpose of information collection: Appeal Under the Railroad Retirement and Railroad Unemployment Insurance Act; OMB 3220–0007 Under Section 7(b)(3) of the Railroad Retirement Act (RRA), and section 5(c) of the Railroad Unemployment Insurance Act (RUIA) any person aggrieved by a decision on his or her application for an annuity or benefit under that Act has the right to appeal to the RRB. This right is prescribed in 20 CFR 260 and 20 CFR 320. The notification letter sent to the individual at the time of the original action on the application informs the applicant of such right. When an individual protests a decision, the concerned bureau reviews the entire file and any additional evidence submitted and sends the applicant a letter explaining the basis of the determination. The applicant is then notified that if he or she wishes to protest further, they can appeal to the RRB’s Bureau of Hearings and Appeals. The procedure pertaining to the filing of such an appeal is prescribed in 20 CFR 260.5 and 260.9 and 20 CFR 320.12 and 320.38. The form prescribed by the RRB for filing an appeal under the RRA or RUIA is form HA–1, Appeal Under the VerDate Aug<31>2005 13:50 Nov 30, 2006 Jkt 211001 Railroad Retirement Act or Railroad Unemployment Insurance Act. The form asks the applicant to furnish the basis for the appeal and what additional evidence, if any, is to be submitted. Completion is voluntary, however if the information is not provided the RRB cannot process the appeal. The RRB proposes no changes to Form HA–1. The completion time for the HA–1 is estimated at 20 minutes per response. The RRB estimates that approximately 650 Form HA–1’s are completed annually. Additional Information or Comments: To request more information or to obtain a copy of the information collection justification, forms, and/or supporting material, please call the RRB Clearance Officer at (312) 751–3363 or send an e-mail request to Charles.Mierzwa@RRB.GOV. Comments regarding the information collection should be addressed to Ronald J. Hodapp, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611–2092 or send an e-mail to Ronald.Hodapp@RRB.GOV. Written comments should be received within 60 days of this notice. Charles Mierzwa, Clearance Officer. [FR Doc. E6–20345 Filed 11–30–06; 8:45 am] BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 22–28824] Application and Opportunity for Hearing: Software Brokers of America, Inc. November 27, 2006. The Securities and Exchange Commission gives notice that Software Brokers of America, Inc. has filed an application under Section 304(d) of the Trust Indenture Act of 1939. Software Brokers of America asks the Commission to exempt from the certificate or opinion delivery requirements of Section 314(d) of the 1939 Act certain provisions of an indenture dated August 25, 2005, as supplemented by an indenture dated October 31, 2006, between Intcomex, Inc., Software Brokers of America, Intcomex Holdings, LLC, Intcomex Holdings SPC–I, LLC, and The Bank of New York, as trustee. The indenture relates to 113⁄4% Second Priority Senior Secured Notes due 2011. Section 304(d) of the 1939 Act, in part, authorizes the Commission to exempt conditionally or unconditionally any indenture from one PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 69603 or more provisions of the 1939 Act. The Commission may provide an exemption under Section 304(d) if it finds that the exemption is necessary or appropriate in the public interest and consistent with the protection of investors and the purposes fairly intended by the 1939 Act. Section 314(d) requires the obligor to furnish to the indenture trustee certificates or opinions of fair value from an engineer, appraiser or other expert upon any release of collateral from the lien of the indenture. The engineer, appraiser or other expert must opine that the proposed release will not impair the security under the indenture in contravention of the provisions of the indenture. The application requests an exemption from Section 314(d) for specified dispositions of collateral that are made in Software Brokers of America’s ordinary course of business. In its application, Software Brokers of America alleges that: 1. The indenture permits Software Brokers of America to dispose of collateral in the ordinary course of its business; 2. Intcomex will deliver to the trustee annual consolidated financial statements audited by certified independent accountants; and 3. Software Brokers of America will deliver to the trustee a semi-annual certificate stating that all dispositions of collateral during the relevant six-month period occurred in Software Brokers of America’s ordinary course of business and that all of the proceeds were used as permitted by the indenture. Any interested persons should look to the application for a more detailed statement of the asserted matters of fact and law. The application is on file in the Commission’s Public Reference Section, File Number 22–28824, 100 F Street, NE., Washington, DC 20549. The Commission also gives notice that any interested persons may request, in writing, that a hearing be held on this matter. Interested persons must submit those requests to the Commission no later than December 27, 2006. Interested persons must include the following in their request for a hearing on this matter: —The nature of that person’s interest; —the reasons for the request; and —the issues of law or fact raised by the application that the interested person desires to refute or request a hearing on. The interested person should address this request for a hearing to: Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. At E:\FR\FM\01DEN1.SGM 01DEN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 71, Number 231 (Friday, December 1, 2006)]
[Notices]
[Pages 69602-69603]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-20386]


=======================================================================
-----------------------------------------------------------------------

PENSION BENEFIT GUARANTY CORPORATION


PBGC Flat Premium Rates

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of flat premium rates.

-----------------------------------------------------------------------

SUMMARY: This notice informs the public of the PBGC flat premium rates 
for premium payment years beginning in 2007. These rates can be derived 
from information published elsewhere but are published in this notice 
for the convenience of the public.

DATES: The flat premium rates apply to premium payment years beginning 
in 2007.

FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Manager, 
Regulatory and Policy Division, 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: The Pension Benefit Guaranty Corporation 
(PBGC) administers the pension plan termination insurance program under 
Title IV of the Employee Retirement Income Security Act of 1974 
(ERISA). Pension plans covered by Title IV must pay premiums to PBGC. 
Section 4006 of ERISA deals with premium rates.
    The Deficit Reduction Act of 2005 (Pub. L. 109-171) (DRA 2005) 
amends section 4006 of ERISA. DRA 2005 changes the per-participant flat 
premium rate for plan years beginning in 2006 from $19 to $30 for 
single-employer plans and from $2.60 to $8 for multiemployer plans and 
provides for inflation adjustments to the flat rates for future years. 
The adjustments are based on changes in the national average wage index 
as defined in section 209(k)(1) of the Social Security Act, with a two-
year lag--for example, for 2007, the 2005 index is compared to the 
baseline (the 2004 index). The new provisions are written in such a way 
that the premium rate can never go down; if the change in the national 
average wage index is negative, the premium rate remains the same as in 
the preceding year. Also, premium rates are rounded to the nearest 
whole dollar.
    The baseline national average wage index, the 2004 index, was 
$35,648.55. The 2005 index is $36,952.94. The ratio of the 2005 index 
to the 2004 index is 1.03659. Multiplying this ratio by $30.00 gives 
$31.10 which rounds to $31.00. Multiplying the ratio by $8.00 gives 
$8.29, which rounds to $8.00. Thus, the 2007 flat premium rates for 
PBGC's two insurance programs will be $31.00 per participant for 
single-employer plans and $8.00 per participant for multiemployer 
plans.
    The PBGC will publish the flat premium rates annually for the 
convenience of the public.


[[Page 69603]]


    Issued in Washington, DC, on this 17th day of November 2006.
Vincent K. Snowbarger,
Interim Director, Pension Benefit Guaranty Corporation.
 [FR Doc. E6-20386 Filed 11-30-06; 8:45 am]
BILLING CODE 7709-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.