Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits, 47097-47099 [E9-22129]
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Federal Register / Vol. 74, No. 177 / Tuesday, September 15, 2009 / Rules and Regulations
Regulatory Order 12866—Regulatory
Planning and Review
This action has been drafted and
reviewed in accordance with Executive
Order 12866, Regulatory Planning and
Review, § 1(b), Principles of Regulation.
This rule is limited to agency
organization, management and
personnel as described by Executive
Order 12866 § 3(d)(3) and, therefore, is
not a ‘‘regulation’’ or ‘‘rule’’ as defined
by that Executive Order. Accordingly,
this action has not been reviewed by the
Office of Management and Budget.
Executive Order 12988—Civil Justice
Reform
This regulation meets the applicable
standards set forth in sections 3(a) and
3(b)(2) of Executive Order 12988.
Executive Order 13132—Federalism
This regulation will not have
substantial direct effects on the States,
on the relationship between the national
government and the States, or on the
distribution of power and
responsibilities among the various
levels of government. Therefore, in
accordance with Executive Order 13132,
it is determined that this rule does not
have sufficient federalism implications
to warrant the preparation of a Federal
Assessment.
Unfunded Mandates Reform Act of
1995
This rule will not result in the
expenditure by state, local and tribal
governments, in the aggregate, or by the
private sector, of $100,000,000 or more
in any one year, and it will not
significantly or uniquely affect small
governments. Therefore, no actions were
deemed necessary under the provisions
of the Unfunded Mandates Reform Act
of 1995.
srobinson on DSKHWCL6B1PROD with RULES
Congressional Review Act
This action pertains to agency
management, personnel and
organization and does not substantially
affect the rights or obligations of nonagency parties and, accordingly, is not
a ‘‘rule’’ as that term is used by the
Congressional Review Act (Subtitle E of
the Small Business Regulatory
Enforcement Fairness Act of 1996
(SBREFA)). Therefore, the reporting
requirement of 5 U.S.C. 801 does not
apply.
List of Subjects in 28 CFR Part 0
Authority delegations (government
agencies), Government employees,
Organization and functions (government
agencies), Whistleblowing.
■ By virtue of the authority vested in me
by 28 U.S.C. 509 and 510, and 5 U.S.C.
VerDate Nov<24>2008
16:49 Sep 14, 2009
Jkt 217001
301, Subpart B of Part 0 of Chapter I of
Title 28, Code of Federal Regulations, is
amended as follows:
PART 0—ORGANIZATION OF THE
DEPARTMENT OF JUSTICE
1. The authority citation of Part 0
continues to read as follows:
■
Authority: 5 U.S.C. 301; 28 U.S.C. 209,
510, 515–519.
2. In § 0.10, paragraphs (a) and (c) are
revised to read:
■
§ 0.10 Attorney General’s Advisory
Committee of United States Attorneys.
(a) The Attorney General’s Advisory
Committee of United States Attorneys
shall consist of an appropriate number
of United States Attorneys, designated
by the Attorney General. The
membership shall be selected to
represent the various geographic areas
of the Nation and various sized United
States Attorneys’ Offices. Members shall
serve at the pleasure of the Attorney
General, but such service normally shall
not exceed three years and shall be
subject to adjustment by the Attorney
General so as to assure the annual
rotation of approximately one-third of
the Committee’s membership. The
United States Attorney for the District of
Columbia shall serve as an ex officio
member of the Committee. The Attorney
General may designate additional
personnel from United States Attorneys’
Offices to serve as members of the
Committee.
*
*
*
*
*
(c) The Attorney General will select
from the Committee’s membership a
chairperson and a vice-chairperson. The
Attorney General may establish such
subcommittees as deemed necessary to
carry out the Committee’s objectives.
The Committee, in consultation with the
Director of the Executive Office for
United States Attorneys, will select
chairpersons for such subcommittees.
United States Attorneys who are not
members of the Committee may be
included in the membership of
subcommittees.
*
*
*
*
*
Dated: September 4, 2009.
Eric H. Holder, Jr.,
Attorney General.
[FR Doc. E9–22124 Filed 9–14–09; 8:45 am]
BILLING CODE P
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47097
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Parts 4022 and 4044
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 fourth
quarter of 2009 and amends the benefit
payments regulation to adopt interest
assumptions for plans with valuation
dates in October 2009. Interest
assumptions are also published on
PBGC’s Web site (https://www.pbgc.gov).
DATES: Effective October 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 fourth quarter
(October through December) of 2009 and
updates the assumptions under the
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47098
Federal Register / Vol. 74, No. 177 / Tuesday, September 15, 2009 / Rules and Regulations
benefit payments regulation for October
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 fourth
quarter (October through December) 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
October 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 October 2009.
The interest assumptions that PBGC
will use for valuing benefits for
allocation purposes (set forth in
Appendix B to part 4044) will be 5.30
percent for the first 20 years following
Rate set
For plans with a valuation
date
On or after
*
192
Before
the valuation date and 5.01 percent
thereafter. In comparison with the
interest assumptions in effect for the
third quarter of 2009, these interest
assumptions represent a decrease of
0.01 percent for the first 20 years
following the valuation date and a
decrease of 0.03 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 2.50 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. In comparison with the interest
assumptions in effect for September
2009, these interest assumptions
represent a decrease of 0.50 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 October 2009,
PBGC finds that good cause exists for
making the assumptions set forth in this
3. In appendix C to part 4022, Rate Set
192, as set forth below, is added to the
table.
■
For plans with a valuation
date
srobinson on DSKHWCL6B1PROD with RULES
On or after
*
192
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Before
*
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16:49 Sep 14, 2009
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
192, as set forth below, is added to the
table.
■
Appendix B to Part 4022—Lump Sum
Interest Rates for PBGC Payments
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*
*
i3
4.00
*
n1
*
4.00
n2
*
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8
n1
n2
Appendix C to Part 4022—Lump Sum
Interest Rates for Private-Sector
Payments
*
*
Immediate
annuity rate
(percent)
*
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29 CFR Part 4022
i2
*
4.00
2.50
*
Rate set
i1
*
11–1–09
List of Subjects
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
*
10–1–09
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).
PO 00000
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Deferred annuities
(percent)
i1
i2
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47099
Federal Register / Vol. 74, No. 177 / Tuesday, September 15, 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 October–December 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
*
*
*
October–December 2009 .................................................
Issued in Washington, DC, on this 8th day
of September 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty
Corporation.
[FR Doc. E9–22129 Filed 9–14–09; 8:45 am]
BILLING CODE 7709–01–P
DEPARTMENT OF THE TREASURY
Fiscal Service
31 CFR Part 356
[Docket No. BPD GSRS 09–02]
Sale and Issue of Marketable BookEntry Treasury Bills, Notes, and
Bonds; Customer Confirmation
Reporting Requirement Threshold
Amount
srobinson on DSKHWCL6B1PROD with RULES
AGENCY: Bureau of the Public Debt,
Fiscal Service, Treasury.
ACTION: Final rule.
SUMMARY: Treasury recently raised the
customer confirmation reporting
requirement threshold amount from
$750 million to $2 billion for all
Treasury marketable securities auctions.
This final rule amends Treasury’s
auction rules to conform to the new $2
billion threshold amount.
DATES: Effective Date: Effective
September 15, 2009.
ADDRESSES: This final rule is available
on the Bureau of the Public Debt’s Web
site at: https://www.treasurydirect.gov. It
is also available for public inspection
and copying at the Treasury Department
Library, Room 1428, Main Treasury
Building, 1500 Pennsylvania Avenue,
NW., Washington, DC, 20220. To visit
the library, one can call (202) 622–0990
for an appointment.
FOR FURTHER INFORMATION CONTACT: Lori
Santamorena, Lee Grandy, or Kevin
Hawkins, Department of the Treasury,
Bureau of the Public Debt, Government
VerDate Nov<24>2008
16:49 Sep 14, 2009
Jkt 217001
for t =
it
for t =
1–20
*
0.0501
>20
*
0.0530
Securities Regulations Staff, (202) 504–
3632.
SUPPLEMENTARY INFORMATION: The
Department of the Treasury (‘‘Treasury,’’
‘‘we,’’ or ‘‘us’’) is issuing an amendment
to 31 CFR 356.24(d) of the Uniform
Offering Circular for the Sale and Issue
of Marketable Book-Entry Treasury
Bills, Notes, and Bonds (‘‘UOC’’ or
‘‘auction rules’’) 1 to raise the threshold
amount for the customer confirmation
reporting requirement from $750
million to $2 billion. In a press release
on June 25, 2009, we announced that
this new threshold amount would be
effective beginning with auctions
conducted on June 29, 2009.2 Beginning
with the Treasury auctions announced
on June 25, 2009, we stated the new
threshold amount in each Treasury
auction offering announcement.3 This
final rule amends the UOC to conform
to the new $2 billion threshold
amount.4 Treasury is also restructuring,
without making any substantive
changes, the current § 356.24(d) to make
clearer which provisions apply to
customers and which apply to
submitters and intermediaries.
Starting in 1992, Treasury required
customers 5 that were awarded a par
1 The UOC was published as a final rule on
January 5, 1993, at 58 FR 412, and is codified, as
amended, at 31 CFR part 356. The UOC, together
with the offering announcement for each auction,
sets out the terms and conditions for the sale and
issuance by Treasury to the public of marketable
book-entry Treasury bills, notes, and bonds.
2 Public Debt News Release on June 25, 2009,
which is available at the Bureau of the Public Debt’s
Web site at: https://www.treasurydirect.gov/instit/
annceresult/press/preanre/2009/
BPD_SPL_20090625_1.pdf.
3 See June 25, 2009 Treasury offering
announcements for the 91-day, 182-day, and 364day Treasury bills. As noted in § 356.10, if anything
in the auction announcement differs from the UOC,
the auction announcement will control.
4 Once this final rule becomes effective, we will
no longer include the customer confirmation
threshold amount in each specific offering
announcement.
5 ‘‘Customer’’ is already defined in the UOC as a
bidder that directs a depository institution or dealer
to submit or forward a bid for a specific amount of
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amount of $500 million or more in a
Treasury auction to provide written
confirmation of their awarded bids,
including the name of the submitter that
submitted the bids on their behalf.6 The
confirmation must also include a
statement with specific information
related to the customer’s net long
position.7 The customer must send the
confirmation no later than 10 a.m. on
the day following the auction. The UOC
requires that the confirmation be in
writing and signed by the customer or
by an authorized representative.8
Treasury established the customer
confirmation reporting requirement in
order to verify the authenticity of large
customer bids that resulted in securities
being awarded. Treasury subsequently
raised the customer confirmation
reporting requirement threshold amount
in § 356.24(d) from $500 million to $750
million, effective on January 1, 2007.9
Treasury auction offering amounts, on
average, are substantially higher than
when we last raised the customer
confirmation reporting requirement
threshold amount in 2007. For this
reason, on June 25, 2009, Treasury again
raised the customer confirmation
threshold, from $750 million to $2
billion.10 We now amend the UOC to
reflect that change.
We have restructured § 356.24(d) to
make clearer which provisions apply to
customers and which apply to
submitters and intermediaries. The new
subparagraph (d)(1) states the customer
securities in a specific auction on the bidder’s
behalf. § 356.2.
6 § 356.24(d). See Department of the Treasury,
Securities and Exchange Commission and Board of
Governors of the Federal Reserve System, Joint
Report on the Government Securities Market 7–8.
(January 1992).
7 § 356.24(d).
8 If an authorized representative signs the
confirmation, it must include the capacity in which
the representative is acting. Id.
9 71 FR 76150, December 20, 2006. Treasury also
added e-mail as an acceptable method for customers
to send confirmations.
10 See note 2, supra.
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]]>Agencies
[Federal Register Volume 74, Number 177 (Tuesday, September 15, 2009)]
[Rules and Regulations]
[Pages 47097-47099]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-22129]
=======================================================================
-----------------------------------------------------------------------
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 fourth
quarter of 2009 and amends the benefit payments regulation to adopt
interest assumptions for plans with valuation dates in October 2009.
Interest assumptions are also published on PBGC's Web site (https://www.pbgc.gov).
DATES: Effective October 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
fourth quarter (October through December) of 2009 and updates the
assumptions under the
[[Page 47098]]
benefit payments regulation for October 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 fourth quarter (October through December) 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 October 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 October 2009.
The interest assumptions that PBGC will use for valuing benefits
for allocation purposes (set forth in Appendix B to part 4044) will be
5.30 percent for the first 20 years following the valuation date and
5.01 percent thereafter. In comparison with the interest assumptions in
effect for the third quarter of 2009, these interest assumptions
represent a decrease of 0.01 percent for the first 20 years following
the valuation date and a decrease of 0.03 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 2.50 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. In
comparison with the interest assumptions in effect for September 2009,
these interest assumptions represent a decrease of 0.50 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 October
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 192, 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
192 10-1-09 11-1-09 2.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
0
3. In appendix C to part 4022, Rate Set 192, 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
192 10-1-09 11-1-09 2.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 47099]]
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 October-December 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 =
----------------------------------------------------------------------------------------------------------------
* * * * * * *
October-December 2009....... 0.0530 1-20 0.0501 >20 N/A N/A
----------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on this 8th day of September 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty Corporation.
[FR Doc. E9-22129 Filed 9-14-09; 8:45 am]
BILLING CODE 7709-01-P
