Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits, 11035-11037 [E9-5656]
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Federal Register / Vol. 74, No. 49 / Monday, March 16, 2009 / Rules and Regulations
section 303(c)(4) and Code section
430(c)(4) determined as of the valuation
date for the plan year, except that the
value of plan assets is determined
without regard to the reduction under
ERISA section 303(f)(4)(B) and Code
section 430(f)(4)(B) (dealing with
reduction of assets by the amount of
prefunding and funding standard
carryover balances).
(2) Transition rule for plan years
beginning before 2008. For plan years
beginning before 2008, a plan’s 4010
funding shortfall for a plan year equals
the excess, if any, of the plan’s current
liability over the value of plan assets.
For this purpose, both current liability
and plan assets are determined in the
manner provided in § 4010.4(b)(3),
except that assets are not reduced by the
credit balance in the funding standard
account.
(3) Multiple employer plans. For
purposes of § 4010.8(c) and paragraph
(a) of this section, the entire 4010
funding shortfall of any multiple
employer plan of which the filer or any
member of the filer’s controlled group is
a contributing sponsor is included.
■ 15. Sections 4010.12, 4010.13, and
4010.14 are redesignated as §§ 4010.13,
4010.14, and 4010.15.
■ 16. New § 4010.12 is added to read as
follows:
§ 4010.12 Alternative method of
compliance for certain sponsors of multiple
employer plans.
(a) In general. Subject to paragraph (b)
of this section, an eligible contributing
sponsor (as defined in paragraph (c) of
this section) of a multiple employer
plan satisfies the requirements of this
part for an information year if any
contributing sponsor of the multiple
employer plan provides a timely filing
under this part for an information year
that coincides with or overlaps with the
eligible contributing sponsor’s
information year.
(b) PBGC request for additional
information. PBGC may request some or
all of the information that would
otherwise be required under this part
from an eligible contributing sponsor
that uses the alternative method of
compliance in this section. PBGC will
make such a request no earlier than the
date the information would otherwise
have been due. The eligible contributing
sponsor must provide the requested
information no later than 30 days after
PBGC makes the request. The requested
information need not be submitted
electronically.
(c) Eligible contributing sponsor. For
purposes of this section, an eligible
contributing sponsor of a multiple
employer plan is a contributing sponsor
VerDate Nov<24>2008
13:57 Mar 13, 2009
Jkt 217001
that would not be subject to reporting if
the plan were disregarded in applying
the gateway tests in § 4010.4(a).
§ 4010.13
17. Redesignated § 4010.13 is
amended by removing the words
‘‘section 4010(c) of ERISA’’ and adding
in their place the words ‘‘ERISA section
4010(c)’’; by removing the words ‘‘the
PBGC’’ and adding in their place the
word ‘‘PBGC’’; and by removing the
word ‘‘shall’’ and adding in its place the
word ‘‘will’’.
[Amended]
18. Redesignated § 4010.14 is
amended by removing the words
‘‘section 4071 of ERISA’’ and adding in
their place the words ‘‘ERISA section
4071’’; by removing the words ‘‘the
PBGC’’ and adding in their place the
word ‘‘PBGC’’; and by removing the
words ‘‘The PBGC’’ and adding in their
place the word ‘‘PBGC’’.
■
PART 4044—ALLOCATION OF
ASSETS IN SINGLE-EMPLOYER
PLANS
19. The authority citation for part
4044 continues to read as follows:
■
Authority: 29 U.S.C. 1301(a), 1302(b)(3),
1341, 1344, 1362.
§ 4044.2
[Amended]
20. In § 4044.2:
a. In the introductory text, the words
‘‘distribution date, ERISA, fair market
value’’ are removed and the words
‘‘distribution date, earliest retirement
age at valuation date, ERISA, expected
retirement age (XRA), fair market value’’
are added in their place and the words
‘‘termination date, and’’ are removed
and the words ‘‘termination date,
unreduced retirement age (URA), and’’
are added in their place.
■ b. The definitions of ‘‘earliest
retirement age at valuation date’’,
‘‘expected retirement age (XRA)’’, and
‘‘unreduced retirement age (URA)’’ are
removed.
■
■
Issued in Washington, DC, this 12th day of
March 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty
Corporation.
Issued on the date set forth above pursuant
to a resolution of the Board of Directors
authorizing publication of this final rule.
Judith R. Starr,
Secretary, Board of Directors, Pension Benefit
Guaranty Corporation.
[FR Doc. E9–5741 Filed 3–13–09; 8:45 am]
BILLING CODE 7709–01–P
PO 00000
Frm 00035
Fmt 4700
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Parts 4022 and 4044
[Amended]
■
§ 4010.14
11035
Sfmt 4700
Allocation of Assets in SingleEmployer Plans; Benefits Payable in
Terminated Single-Employer Plans;
Interest Assumptions for Valuing and
Paying Benefits
AGENCY: Pension Benefit Guaranty
Corporation.
ACTION: Final rule.
SUMMARY: Pension Benefit Guaranty
Corporation’s regulations on Allocation
of Assets in Single-Employer Plans and
Benefits Payable in Terminated SingleEmployer Plans prescribe interest
assumptions for valuing and paying
certain benefits under terminating
single-employer plans. This final rule
amends the asset allocation regulation
to adopt interest assumptions for plans
with valuation dates in the second
quarter of 2009 and amends the benefit
payments regulation to adopt interest
assumptions for plans with valuation
dates in April 2009. Interest
assumptions are also published on
PBGC’s Web site (https://www.pbgc.gov).
DATES: Effective April 1, 2009.
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: PBGC’s
regulations prescribe actuarial
assumptions—including interest
assumptions—for valuing and paying
plan benefits of terminating singleemployer plans covered by title IV of
the Employee Retirement Income
Security Act of 1974. The interest
assumptions are intended to reflect
current conditions in the financial and
annuity markets.
These interest assumptions are found
in two PBGC regulations: the regulation
on Allocation of Assets in SingleEmployer Plans (29 CFR Part 4044) and
the regulation on Benefits Payable in
Terminated Single-Employer Plans (29
CFR Part 4022). Assumptions under the
asset allocation regulation are updated
quarterly; assumptions under the benefit
payments regulation are updated
monthly. This final rule updates the
assumptions under the asset allocation
regulation for the second quarter (April
through June) of 2009 and updates the
E:\FR\FM\16MRR1.SGM
16MRR1
11036
Federal Register / Vol. 74, No. 49 / Monday, March 16, 2009 / Rules and Regulations
assumptions under the benefit payments
regulation for April 2009.
The interest assumptions prescribed
under the asset allocation regulation
(found in Appendix B to Part 4044) are
used for the valuation of benefits for
allocation purposes under ERISA
section 4044. Two sets of interest
assumptions are prescribed under the
benefit payments regulation: (1) A set
for PBGC to use to determine whether
a benefit is payable as a lump sum and
to determine lump-sum amounts to be
paid by PBGC (found in Appendix B to
Part 4022), and (2) a set for privatesector pension practitioners to refer to if
they wish to use lump-sum interest rates
determined using PBGC’s historical
methodology (found in Appendix C to
Part 4022).
This amendment (1) Adds to
Appendix B to Part 4044 the interest
assumptions for valuing benefits for
allocation purposes in plans with
valuation dates during the second
quarter (April through June) of 2009, (2)
adds to Appendix B to Part 4022 the
interest assumptions for PBGC to use for
its own lump-sum payments in plans
with valuation dates during April 2009,
and (3) adds to Appendix C to Part 4022
the interest assumptions for privatesector pension practitioners to refer to if
they wish to use lump-sum interest rates
determined using PBGC’s historical
methodology for valuation dates during
April 2009.
The interest assumptions that PBGC
will use for valuing benefits for
allocation purposes (set forth in
Appendix B to part 4044) will be 5.50
Rate set
For plans with a valuation
date
On or after
*
186
Before
percent for the first 20 years following
the valuation date and 5.02 percent
thereafter. These interest assumptions
represent a decrease (from those in
effect for the first quarter of 2009) of
0.52 percent for the first 20 years
following the valuation date and 0.46
percent for all years thereafter.
The interest assumptions that PBGC
will use for its own lump-sum payments
(set forth in Appendix B to part 4022)
will be 3.25 percent for the period
during which a benefit is in pay status
and 4.00 percent during any years
preceding the benefit’s placement in pay
status. These interest assumptions
represent a decrease (from those in
effect for March 2009) of 0.25 percent in
the immediate annuity rate and are
otherwise unchanged. For private-sector
payments, the interest assumptions (set
forth in Appendix C to part 4022) will
be the same as those used by PBGC for
determining and paying lump sums (set
forth in Appendix B to part 4022).
PBGC has determined that notice and
public comment on this amendment are
impracticable and contrary to the public
interest. This finding is based on the
need to determine and issue new
interest assumptions promptly so that
the assumptions can reflect current
market conditions as accurately as
possible.
Because of the need to provide
immediate guidance for the valuation
and payment of benefits in plans with
valuation dates during April 2009,
PBGC finds that good cause exists for
making the assumptions set forth in this
3. In appendix C to part 4022, Rate Set
186, as set forth below, is added to the
table.
On or after
*
186
VerDate Nov<24>2008
Before
*
4–1–09
13:57 Mar 13, 2009
*
*
Immediate
annuity rate
(percent)
*
5–1–09
Jkt 217001
Employee benefit plans, Pension
insurance, Pensions, Reporting and
recordkeeping requirements.
29 CFR Part 4044
Employee benefit plans, Pension
insurance, Pensions.
In consideration of the foregoing, 29
CFR parts 4022 and 4044 are amended
as follows:
■
PART 4022—BENEFITS PAYABLE IN
TERMINATED SINGLE-EMPLOYER
PLANS
1. The authority citation for part 4022
continues to read as follows:
■
Authority: 29 U.S.C. 1302, 1322, 1322b,
1341(c)(3)(D), and 1344.
2. In appendix B to part 4022, Rate Set
186, as set forth below, is added to the
table.
■
Appendix B to Part 4022—Lump Sum
Interest Rates for PBGC Payments
i3
4.00
n1
*
*
4.00
n2
*
7
8
n1
n2
Appendix C to Part 4022—Lump Sum
Interest Rates for Private-Sector
Payments
*
For plans with a valuation
date
29 CFR Part 4022
i2
*
4.00
3.25
■
Rate set
i1
*
5–1–09
List of Subjects
Deferred annuities (percent)
Immediate
annuity rate
(percent)
*
4–1–09
amendment effective less than 30 days
after publication.
PBGC has determined that this action
is not a ‘‘significant regulatory action’’
under the criteria set forth in Executive
Order 12866.
Because no general notice of proposed
rulemaking is required for this
amendment, the Regulatory Flexibility
Act of 1980 does not apply. See 5 U.S.C.
601(2).
3.25
PO 00000
Frm 00036
*
*
Deferred annuities (percent)
i1
i2
*
4.00
4.00
Fmt 4700
Sfmt 4700
i3
*
*
4.00
E:\FR\FM\16MRR1.SGM
16MRR1
*
7
8
11037
Federal Register / Vol. 74, No. 49 / Monday, March 16, 2009 / Rules and Regulations
Authority: 29 U.S.C. 1301(a), 1302(b)(3),
1341, 1344, 1362.
PART 4044—ALLOCATION OF
ASSETS IN SINGLE-EMPLOYER
PLANS
Appendix B to Part 4044—Interest
Rates Used to Value Benefits
5. In appendix B to part 4044, a new
entry for April–June 2009, as set forth
below, is added to the table.
*
■
4. The authority citation for part 4044
continues to read as follows:
■
*
*
*
*
The values of it are:
For valuation dates occurring in the months—
it
*
*
*
April–June 2009 ................................................................
Issued in Washington, DC, on this 11th day
of March 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty
Corporation.
[FR Doc. E9–5656 Filed 3–13–09; 8:45 am]
BILLING CODE 7709–01–P
DEPARTMENT OF VETERANS
AFFAIRS
38 CFR Part 20
RIN 2900–AM62
Accreditation of Agents and Attorneys;
Agents and Attorney Fees; Correction
Department of Veterans Affairs.
Correcting amendments.
AGENCY:
ACTION:
This document corrects a
Department of Veterans Affairs (VA)
final rule that governs the
representation of claimants for VA
benefits. This correction removes
obsolete regulations without making any
substantive change to the content of the
final rule.
DATES: Effective Date: This correction is
effective March 16, 2009.
FOR FURTHER INFORMATION CONTACT:
Christa A. Childers, Staff Attorney
(022N), Office of the General Counsel,
Department of Veterans Affairs, 810
Vermont Avenue, NW., Washington, DC
20420, (202) 461–7699.
SUPPLEMENTARY INFORMATION: VA
published a final rule in the Federal
Register on May 22, 2008 (73 FR 29852)
that, among other things, transferred
jurisdiction over agents’ and attorneys’
fees from the Board of Veterans’
Appeals (Board) to the Office of the
General Counsel consistent with
amendments to 38 U.S.C. chapter 59. In
that document, VA also prescribed that,
with the exceptions of 38 CFR 20.600
regarding right to representation before
the Board and 38 CFR 20.608 regarding
withdrawal from representation before
SUMMARY:
VerDate Nov<24>2008
13:57 Mar 13, 2009
Jkt 217001
for t =
it
*
for t =
*
0.0550
1–20
0.0502
*
>20
it
for t =
*
N/A
N/A
the Board, representation before VA is
governed exclusively by 38 CFR 14.626
through 14.637. Except as noted above
regarding §§ 20.600 and 20.608, the final
rule superseded all of the Board’s Rules
of Practice in 38 CFR part 20, subpart
G. However, in the final rule, VA
inadvertently failed to remove obsolete
§§ 20.601 through 20.607. This
document corrects that error by
removing and reserving §§ 20.601
through 20.607 and adding a note to
advise that former §§ 20.601 through
20.607 have been superseded by the
representation provisions in 38 CFR part
14.
20.607 concerning representation before the
Board of Veterans’ Appeals.
List of Subjects in 38 CFR Part 20
AGENCY: Environmental Protection
Agency (EPA).
ACTION: Direct final rule.
Administrative practices and
procedure, Claims, Veterans.
Approved: March 10, 2009.
William F. Russo,
Director of Regulations Management.
For the reasons set out in the
preamble, VA corrects 38 CFR part 20,
subpart G, as follows.
■
PART 20—BOARD OF VETERANS’
APPEALS: RULES OF PRACTICE
1. The authority citation for part 20
continues to read as follows:
■
Authority: 38 U.S.C. 501(a) and as noted in
specific sections.
Subpart G—Representation
2. Remove the cross-reference
immediately following the subpart
heading.
■
§§ 20.601 through 20.607
Reserved]
[Removed and
3. Remove and reserve §§ 20.601
through 20.607.
■ 4. Immediately following §§ 20.612–
20.699 [Reserved], add a Note at the end
of subpart G to read as follows:
■
Note to subpart G: The representation
provisions in §§ 14.626 through 14.637 of
this title replace former §§ 20.601 through
PO 00000
Frm 00037
Fmt 4700
Sfmt 4700
[FR Doc. E9–5547 Filed 3–13–09; 8:45 am]
BILLING CODE 8320–01–P
ENVIRONMENTAL PROTECTION
AGENCY
40 CFR Part 52
[EPA–R09–OAR–2008–0884; FRL–8771–1]
Approval and Promulgation of
Implementation Plans; Hawaii;
Correction
SUMMARY: Under the Clean Air Act, EPA
is correcting errors in certain final rules
approving or compiling the Hawaii state
implementation plan. These errors
relate to the title of the plan, removal of
variance provisions, and compilations
of federally-enforceable regulations. The
intended effect is to ensure that the
Hawaii state implementation plan is
correctly identified in the applicable
part of the Code of Federal Regulations.
DATES: This rule is effective on May 15,
2009 without further notice, unless EPA
receives adverse comments by April 15,
2009. If we receive such comments, we
will publish a timely withdrawal in the
Federal Register to notify the public
that this direct final rule will not take
effect.
ADDRESSES: Submit comments,
identified by docket number EPA–R09–
OAR–2008–088F, by one of the
following methods:
1. Federal eRulemaking Portal:
https://www.regulations.gov. Follow the
on-line instructions.
2. E-mail:vagenas.ginger@epa.gov.
3. Mail or deliver: Ginger Vagenas
(AIR–2), U.S. Environmental Protection
Agency Region IX, 75 Hawthorne Street,
San Francisco, CA 94105–3901.
E:\FR\FM\16MRR1.SGM
16MRR1
]]>Agencies
[Federal Register Volume 74, Number 49 (Monday, March 16, 2009)]
[Rules and Regulations]
[Pages 11035-11037]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-5656]
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Parts 4022 and 4044
Allocation of Assets in Single-Employer Plans; Benefits Payable
in Terminated Single-Employer Plans; Interest Assumptions for Valuing
and Paying Benefits
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: Pension Benefit Guaranty Corporation's regulations on
Allocation of Assets in Single-Employer Plans and Benefits Payable in
Terminated Single-Employer Plans prescribe interest assumptions for
valuing and paying certain benefits under terminating single-employer
plans. This final rule amends the asset allocation regulation to adopt
interest assumptions for plans with valuation dates in the second
quarter of 2009 and amends the benefit payments regulation to adopt
interest assumptions for plans with valuation dates in April 2009.
Interest assumptions are also published on PBGC's Web site (https://
www.pbgc.gov).
DATES: Effective April 1, 2009.
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: PBGC's regulations prescribe actuarial
assumptions--including interest assumptions--for valuing and paying
plan benefits of terminating single-employer plans covered by title IV
of the Employee Retirement Income Security Act of 1974. The interest
assumptions are intended to reflect current conditions in the financial
and annuity markets.
These interest assumptions are found in two PBGC regulations: the
regulation on Allocation of Assets in Single-Employer Plans (29 CFR
Part 4044) and the regulation on Benefits Payable in Terminated Single-
Employer Plans (29 CFR Part 4022). Assumptions under the asset
allocation regulation are updated quarterly; assumptions under the
benefit payments regulation are updated monthly. This final rule
updates the assumptions under the asset allocation regulation for the
second quarter (April through June) of 2009 and updates the
[[Page 11036]]
assumptions under the benefit payments regulation for April 2009.
The interest assumptions prescribed under the asset allocation
regulation (found in Appendix B to Part 4044) are used for the
valuation of benefits for allocation purposes under ERISA section 4044.
Two sets of interest assumptions are prescribed under the benefit
payments regulation: (1) A set for PBGC to use to determine whether a
benefit is payable as a lump sum and to determine lump-sum amounts to
be paid by PBGC (found in Appendix B to Part 4022), and (2) a set for
private-sector pension practitioners to refer to if they wish to use
lump-sum interest rates determined using PBGC's historical methodology
(found in Appendix C to Part 4022).
This amendment (1) Adds to Appendix B to Part 4044 the interest
assumptions for valuing benefits for allocation purposes in plans with
valuation dates during the second quarter (April through June) of 2009,
(2) adds to Appendix B to Part 4022 the interest assumptions for PBGC
to use for its own lump-sum payments in plans with valuation dates
during April 2009, and (3) adds to Appendix C to Part 4022 the interest
assumptions for private-sector pension practitioners to refer to if
they wish to use lump-sum interest rates determined using PBGC's
historical methodology for valuation dates during April 2009.
The interest assumptions that PBGC will use for valuing benefits
for allocation purposes (set forth in Appendix B to part 4044) will be
5.50 percent for the first 20 years following the valuation date and
5.02 percent thereafter. These interest assumptions represent a
decrease (from those in effect for the first quarter of 2009) of 0.52
percent for the first 20 years following the valuation date and 0.46
percent for all years thereafter.
The interest assumptions that PBGC will use for its own lump-sum
payments (set forth in Appendix B to part 4022) will be 3.25 percent
for the period during which a benefit is in pay status and 4.00 percent
during any years preceding the benefit's placement in pay status. These
interest assumptions represent a decrease (from those in effect for
March 2009) of 0.25 percent in the immediate annuity rate and are
otherwise unchanged. For private-sector payments, the interest
assumptions (set forth in Appendix C to part 4022) will be the same as
those used by PBGC for determining and paying lump sums (set forth in
Appendix B to part 4022).
PBGC has determined that notice and public comment on this
amendment are impracticable and contrary to the public interest. This
finding is based on the need to determine and issue new interest
assumptions promptly so that the assumptions can reflect current market
conditions as accurately as possible.
Because of the need to provide immediate guidance for the valuation
and payment of benefits in plans with valuation dates during April
2009, PBGC finds that good cause exists for making the assumptions set
forth in this amendment effective less than 30 days after publication.
PBGC has determined that this action is not a ``significant
regulatory action'' under the criteria set forth in Executive Order
12866.
Because no general notice of proposed rulemaking is required for
this amendment, the Regulatory Flexibility Act of 1980 does not apply.
See 5 U.S.C. 601(2).
List of Subjects
29 CFR Part 4022
Employee benefit plans, Pension insurance, Pensions, Reporting and
recordkeeping requirements.
29 CFR Part 4044
Employee benefit plans, Pension insurance, Pensions.
0
In consideration of the foregoing, 29 CFR parts 4022 and 4044 are
amended as follows:
PART 4022--BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS
0
1. The authority citation for part 4022 continues to read as follows:
Authority: 29 U.S.C. 1302, 1322, 1322b, 1341(c)(3)(D), and 1344.
0
2. In appendix B to part 4022, Rate Set 186, as set forth below, is
added to the table.
Appendix B to Part 4022--Lump Sum Interest Rates for PBGC Payments
--------------------------------------------------------------------------------------------------------------------------------------------------------
For plans with a valuation date Immediate Deferred annuities (percent)
Rate set ---------------------------------- annuity rate ------------------------------------------------------------------------------------
On or after Before (percent) i1 i2 i3 n1 n2
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
186 4-1-09 5-1-09 3.25 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
0
3. In appendix C to part 4022, Rate Set 186, as set forth below, is
added to the table.
Appendix C to Part 4022--Lump Sum Interest Rates for Private-Sector
Payments
* * * * *
--------------------------------------------------------------------------------------------------------------------------------------------------------
For plans with a valuation date Immediate Deferred annuities (percent)
Rate set ---------------------------------- annuity rate ------------------------------------------------------------------------------------
On or after Before (percent) i1 i2 i3 n1 n2
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
186 4-1-09 5-1-09 3.25 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 11037]]
PART 4044--ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS
0
4. The authority citation for part 4044 continues to read as follows:
Authority: 29 U.S.C. 1301(a), 1302(b)(3), 1341, 1344, 1362.
0
5. In appendix B to part 4044, a new entry for April-June 2009, as set
forth below, is added to the table.
Appendix B to Part 4044--Interest Rates Used to Value Benefits
* * * * *
----------------------------------------------------------------------------------------------------------------
The values of it are:
For valuation dates occurring in -------------------------------------------------------------------------------
the months-- it for t = it for t = it for t =
----------------------------------------------------------------------------------------------------------------
* * * * * * *
April-June 2009................. 0.0550 1-20 0.0502 >20 N/A N/A
----------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on this 11th day of March 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty Corporation.
[FR Doc. E9-5656 Filed 3-13-09; 8:45 am]
BILLING CODE 7709-01-P
