Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest Assumptions for Multiemployer Plan Valuations Following Mass Withdrawal, 71167-71168 [E7-24244]
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Federal Register / Vol. 72, No. 240 / Friday, December 14, 2007 / Notices
FTA, Chapter 10 of NAFTA, and
Chapter 13 of the U.S.-Singapore FTA,
do hereby determine, effective on
January 1, 2008:
For the calendar years 2008–2009, the
thresholds are as follows:
I. WTO Agreement on Government
Procurement
A. Central Government Entities listed
in U.S. Annex 1:
(1) Procurement of goods and
services—$194,000; and
(2) Procurement of construction
services—$7,456,000.
B. Sub-Central Government Entities
listed in U.S. Annex 2:
(1) Procurement of goods and
services—$529,000; and
(2) Procurement of construction
services—$7,456,000.
C. Other Entities listed in U.S.
Annex 3:
(1) Procurement of goods and
services—$596,000; and
(2) Procurement of construction
services—$7,456,000.
rmajette on PROD1PC64 with NOTICES
II. U.S.-Australia FTA, Chapter 15
A. Central Government Entities listed
in the U.S. Schedule to Annex 15–A,
Section 1:
(1) Procurement of goods and
services—$67,826; and
(2) Procurement of construction
services—$7,456,000.
B. Sub-Central Government Entities
listed in the U.S. Schedule to Annex 15–
A, Section 2:
(1) Procurement of goods and
services—$529,000; and
(2) Procurement of construction
services—$7,456,000.
C. Other Entities listed in the U.S.
Schedule to Annex 15–A, Section 3:
(1) Procurement of goods and services
for List A Entities—$339,132;
(2) Procurement of goods and services
for List B Entities—$596,000;
(3) Procurement of construction
services—$7,456,000.
III. U.S.-Bahrain FTA, Chapter 9
A. Central Government Entities listed
in the U.S. Schedule to Annex 15–A,
Section 1:
(1) Procurement of goods and
services—$194,000; and
(2) Procurement of construction
services—$8,817,449.
B. Other Entities listed in the U.S.
Schedule to Annex 9–A, Section 3:
(1) Procurement of goods and services
for List B entities—$596,000; and
(2) Procurement of construction
services—$10,852,752.
IV. U.S.-Chile FTA, Chapter 9
A. Central Government Entities listed
in the U.S. Schedule to Annex 9.1,
Section A:
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15:31 Dec 13, 2007
Jkt 214001
(1) Procurement of goods and
services—$67,826; and
(2) Procurement of construction
services—$7,456,000.
B. Sub-Central Government Entities
listed in the U.S. Schedule to Annex 9.1,
Section B:
(1) Procurement of goods and
services—$529,000; and
(2) Procurement of construction
services—$7,456,000.
C. Other Entities listed in the U.S.
Schedule to Annex 9.1, Section C:
(1) Procurement of goods and services
for List A Entities— $339,132;
(2) Procurement of goods and services
for List B Entities— $596,000;
(3) Procurement of construction
services—$7,456,000.
V. DR–CAFTA, Chapter 9
A. Central Government Entities listed
in the U.S. Schedule to Annex 9.1,
Section A:
(1) Procurement of goods and
services—$67,826; and
(2) Procurement of construction
services—$7,456,000.
B. Sub-Central Government Entities
listed in the U.S. Schedule to Annex 9.1,
Section B:
(1) Procurement of goods and
services—$529,000; and
(2) Procurement of construction
services—$7,456,000.
C. Other Entities listed in the U.S.
Schedule to Annex 9.1, Section C:
(1) Procurement of goods and services
for List B Entities— $596,000;
(2) Procurement of construction
services—$7,456,000.
VI. U.S.-Morocco FTA, Chapter 9
A. Central Government Entities listed
in the U.S. Schedule to Annex 9.1,
Section A:
(1) Procurement of goods and
services—$194,000; and
(2) Procurement of construction
services—$7,456,000.
B. Sub-Central Government Entities
listed in the U.S. Schedule to Annex 9.1,
Section B:
(1) Procurement of goods and
services—$529,000; and
(2) Procurement of construction
services—$7,456,000.
C. Other Entities listed in the U.S.
Schedule to Annex 9.1, Section C:
(1) Procurement of goods and services
for List B Entities— $596,000;
(2) Procurement of construction
services—$7,456,000.
VII. NAFTA, Chapter 10
A. Federal Government Entities listed
in the U.S. Schedule to Annex 1001.1a–
1:
(1) Procurement of goods and
services—$67,826; and
PO 00000
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Fmt 4703
Sfmt 4703
71167
(2) Procurement of construction
services—$8,817,449.
B. Government Enterprises listed in
the U.S. Schedule to Annex 1001.1a–2:
(1) Procurement of goods and
services—$339,132; and
(2) Procurement of construction
services—$10,852,752.
VIII. U.S.-Singapore FTA, Chapter 13
A. Central Government Entities listed
in the U.S. Schedule to Annex 13A,
Schedule 1, Section A:
(1) Procurement of goods and
services—$67,826; and
(2) Procurement of construction
services—$7,456,000.
B. Sub-Central Government Entities
listed in the U.S. Schedule to Annex
13A, Schedule 1, Section B:
(1) Procurement of goods and
services—$529,000; and
(2) Procurement of construction
services—$7,456,000.
C. Other Entities listed in the U.S.
Schedule to Annex 13A, Schedule 1,
Section C:
(1) Procurement of goods and
services—$596,000;
(2) Procurement of construction
services—$7,456,000.
Susan C. Schwab,
United States Trade Representative.
[FR Doc. E7–24212 Filed 12–13–07; 8:45 am]
BILLING CODE 3190–W8–P
PENSION BENEFIT GUARANTY
CORPORATION
Required Interest Rate Assumption for
Determining Variable-Rate Premium for
Single-Employer Plans; 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 December
2007. The interest assumptions for
performing multiemployer plan
E:\FR\FM\14DEN1.SGM
14DEN1
71168
Federal Register / Vol. 72, No. 240 / Friday, December 14, 2007 / Notices
rmajette on PROD1PC64 with NOTICES
valuations following mass withdrawal
under part 4281 apply to valuation dates
occurring in January 2008.
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:
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
Protection Act of 2006, for premium
payment years beginning in 2006 or
2007, the required interest rate is the
‘‘applicable percentage’’ 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 (the ‘‘premium payment
year’’).
On February 2, 2007 (at 72 FR 4955),
the Internal Revenue Service (IRS)
published final regulations containing
updated mortality tables for determining
current liability under section 412(l)(7)
of the Code and section 302(d)(7) of
ERISA for plan years beginning on or
after January 1, 2007. As a result, in
accordance with section
4006(a)(3)(E)(iii)(II) of ERISA, the
‘‘applicable percentage’’ to be used in
determining the required interest rate
for plan years beginning in 2007 is 100
percent.
The required interest rate to be used
in determining variable-rate premiums
for premium payment years beginning
in December 2007 is 6.14 percent (i.e.,
100 percent of the 6.14 percent
composite corporate bond rate for
November 2007 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
January 2007 and December 2007.
For premium payment years
beginning in:
The required
interest rate is:
January 2007 ........................
5.75
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15:31 Dec 13, 2007
Jkt 214001
For premium payment years
beginning in:
The required
interest rate is:
February 2007 ......................
March 2007 ...........................
April 2007 .............................
May 2007 ..............................
June 2007 .............................
July 2007 ..............................
August 2007 .........................
September 2007 ...................
October 2007 ........................
November 2007 ....................
December 2007 ....................
5.89
5.85
5.84
5.98
6.01
6.32
6.33
6.33
6.23
6.14
6.14
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 January
2008 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 10th day
of December 2007.
Vincent K. Snowbarger,
Deputy Director, Pension Benefit Guaranty
Corporation.
[FR Doc. E7–24244 Filed 12–13–07; 8:45 am]
BILLING CODE 7709–01–P
OFFICE OF PERSONNEL
MANAGEMENT
Submission for OMB Review;
Comment Request for Review of a
Revised Information Collection:
RI 98–7
SUMMARY: 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. RI 98–7, We
Need Important Information About Your
Eligibility for Social Security Disability
Benefits, is used by OPM to verify
receipt of Social Security
Administration (SSA) disability
benefits, to lessen or avoid overpayment
to Federal Employees Retirement
System (FERS) disability retirees. It
Frm 00057
Fmt 4703
Sfmt 4703
U.S. Office of Personnel Management.
Howard Weizmann,
Deputy Director.
[FR Doc. E7–24275 Filed 12–13–07; 8:45 am]
BILLING CODE 6325–38–P
OFFICE OF PERSONNEL
MANAGEMENT
Office of Personnel
Management.
ACTION: Notice.
AGENCY:
PO 00000
notifies the annuitant of the
responsibility to notify OPM if SSA
benefits begin and the overpayment that
will occur with the receipt of both
benefits.
Approximately 3,000 RI 98–7 forms
will be completed annually. The form
takes approximately 5 minutes to
complete. The annual burden is 250
hours.
For copies of this proposal, contact
Mary Beth Smith-Toomey on (202) 606–
8358, Fax (202) 418–3251 or via e-mail
to MaryBeth.Smith-Toomey@opm.gov.
Please include a mailing address with
your request.
DATES: Comments on this proposal
should be received within 30 calendar
days from the date of this publication.
ADDRESSES: Send or deliver comments
to:
Ronald W. Melton, Deputy Assistant
Director, Retirement Services Program,
Center for Retirement and Insurance
Services, U.S. Office of Personnel
Management, 1900 E Street, NW., Room
3305, Washington, DC 20415–3500
and
Brenda Aguilar, OPM Desk Officer,
Office of Information & Regulatory
Affair, Office of Management and
Budget, New Executive Office Building,
NW., Room 10235, Washington, DC
20503.
For Information Regarding
Administrative Coordination: Contact:
Cyrus S. Benson, Team Leader,
Publications Team, RIS Support
Services/Support Group, (202) 606–
0623.
Proposed Personnel Demonstration
Project; Performance-Based Pay
Adjustments in the U.S. Department of
Education/Federal Student Aid
U.S. Office of Personnel
Management.
ACTION: Notice of a proposed
demonstration project plan.
AGENCY:
SUMMARY: Chapter 47 of title 5, United
States Code, authorizes the U.S. Office
of Personnel Management (OPM),
directly or in agreement with one or
more agencies, to conduct
demonstration projects that experiment
with new and different human resources
management concepts to determine
E:\FR\FM\14DEN1.SGM
14DEN1
]]>Agencies
[Federal Register Volume 72, Number 240 (Friday, December 14, 2007)]
[Notices]
[Pages 71167-71168]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-24244]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
Required Interest Rate Assumption for Determining Variable-Rate
Premium for Single-Employer Plans; 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
December 2007. The interest assumptions for performing multiemployer
plan
[[Page 71168]]
valuations following mass withdrawal under part 4281 apply to valuation
dates occurring in January 2008.
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:
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
Protection Act of 2006, for premium payment years beginning in 2006 or
2007, the required interest rate is the ``applicable percentage'' 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 (the ``premium payment year'').
On February 2, 2007 (at 72 FR 4955), the Internal Revenue Service
(IRS) published final regulations containing updated mortality tables
for determining current liability under section 412(l)(7) of the Code
and section 302(d)(7) of ERISA for plan years beginning on or after
January 1, 2007. As a result, in accordance with section
4006(a)(3)(E)(iii)(II) of ERISA, the ``applicable percentage'' to be
used in determining the required interest rate for plan years beginning
in 2007 is 100 percent.
The required interest rate to be used in determining variable-rate
premiums for premium payment years beginning in December 2007 is 6.14
percent (i.e., 100 percent of the 6.14 percent composite corporate bond
rate for November 2007 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 January 2007 and December 2007.
------------------------------------------------------------------------
The required
For premium payment years beginning in: interest rate
is:
------------------------------------------------------------------------
January 2007............................................ 5.75
February 2007........................................... 5.89
March 2007.............................................. 5.85
April 2007.............................................. 5.84
May 2007................................................ 5.98
June 2007............................................... 6.01
July 2007............................................... 6.32
August 2007............................................. 6.33
September 2007.......................................... 6.33
October 2007............................................ 6.23
November 2007........................................... 6.14
December 2007........................................... 6.14
------------------------------------------------------------------------
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 January 2008 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 10th day of December 2007.
Vincent K. Snowbarger,
Deputy Director, Pension Benefit Guaranty Corporation.
[FR Doc. E7-24244 Filed 12-13-07; 8:45 am]
BILLING CODE 7709-01-P
