Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits, 66234-66236 [E9-29835]
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66234
Federal Register / Vol. 74, No. 239 / Tuesday, December 15, 2009 / Rules and Regulations
(a) Response required. A response is
required from persons subject to the
reporting requirements of the BE–10,
Benchmark Survey of U.S. Direct
Investment Abroad—2009, contained
herein, whether or not they are
contacted by BEA. Also, a person, or
their agent, that is contacted by BEA
about reporting in this survey, either by
sending them a report form or by
written inquiry, must respond in writing
pursuant to § 806.4. This may be
accomplished by:
(1) Certifying in writing, by the due
date of the survey, to the fact that the
person had no direct investment within
the purview of the reporting
requirements of the BE–10 survey;
(2) Completing and returning the
‘‘BE–10 Claim for Not Filing’’ by the due
date of the survey; or
(3) Filing the properly completed BE–
10 report (comprising Form BE–10A and
Form(s) BE–10B, BE–10C, and/or BE–
10D) by May 28, 2010, or June 30, 2010,
as required.
(b) Who must report. (1) A BE–10
report is required of any U.S. person
that had a foreign affiliate—that is, that
had direct or indirect ownership or
control of at least 10 percent of the
voting stock of an incorporated foreign
business enterprise, or an equivalent
interest in an unincorporated foreign
business enterprise, including a
branch—at any time during the U.S.
person’s 2009 fiscal year.
(2) If the U.S. person had no foreign
affiliates during its 2009 fiscal year, a
‘‘BE–10 Claim for Not Filing’’ must be
filed by the due date of the survey; no
other forms in the survey are required.
If the U.S. person had any foreign
affiliates during its 2009 fiscal year, a
BE–10 report is required and the U.S.
person is a U.S. Reporter in this survey.
(3) Reports are required even if the
foreign business enterprise was
established, acquired, seized,
liquidated, sold, expropriated, or
inactivated during the U.S. person’s
2009 fiscal year.
(4) The amount and type of data
required to be reported vary according
to the size of the U.S. Reporters or
foreign affiliates, and, for foreign
affiliates, whether they are majorityowned or minority-owned by U.S. direct
investors. For purposes of the BE–10
survey, a ‘‘majority-owned’’ foreign
affiliate is one in which the combined
direct and indirect ownership interest of
all U.S. parents of the foreign affiliate
exceeds 50 percent; all other affiliates
are referred to as ‘‘minority-owned’’
affiliates.
(c) Forms to be filed—(1) Form BE–
10A must be completed by a U.S.
Reporter. If the U.S. Reporter is a
VerDate Nov<24>2008
12:30 Dec 14, 2009
Jkt 220001
corporation, Form BE–10A is required
to cover the fully consolidated U.S.
domestic business enterprise.
(i) If for a U.S. Reporter any one of the
following three items—total assets, sales
or gross operating revenues excluding
sales taxes, or net income after
provision for U.S. income taxes—was
greater than $300 million (positive or
negative) at any time during the
Reporter’s 2009 fiscal year, the U.S.
Reporter must file a complete Form BE–
10A. It must also file Form(s) BE–10B,
C, and/or D, as appropriate, for its
foreign affiliates.
(ii) If for a U.S. Reporter none of the
three items listed in paragraph (c)(1)(i)
of this section was greater than $300
million (positive or negative) at any
time during the Reporter’s 2009 fiscal
year, the U.S. Reporter is required to file
on Form BE–10A only certain items as
designated on the form. It must also file
Form(s) BE–10B, C, and/or D for its
foreign affiliates.
(2) Form BE–10B must be filed for
each majority-owned foreign affiliate,
whether held directly or indirectly, for
which any of the following three
items—total assets, sales or gross
operating revenues excluding sales
taxes, or net income after provision for
foreign income taxes—was greater than
$80 million (positive or negative) at any
time during the affiliate’s 2009 fiscal
year. Additional items must be filed for
affiliates with assets, sales, or net
income greater than $300 million
(positive or negative).
(3) Form BE–10C must be reported:
(i) For each majority-owned foreign
affiliate, whether held directly or
indirectly, for which any one of the
three items listed in paragraph (c)(2) of
this section was greater than $25 million
but for which none of these items was
greater than $80 million (positive or
negative), at any time during the
affiliate’s 2009 fiscal year, and
(ii) For each minority-owned foreign
affiliate, whether held directly or
indirectly, for which any one of the
three items listed in (c)(2) of this section
was greater than $25 million (positive or
negative), at any time during the
affiliate’s 2009 fiscal year.
(4) Form BE–10D must be filed for
majority- or minority-owned foreign
affiliates, whether held directly or
indirectly, for which none of the three
items listed in paragraph (c)(2) of this
section was greater than $25 million
(positive or negative) at any time during
the affiliate’s 2009 fiscal year. Form BE–
10D is a schedule; a U.S. Reporter
would submit one or more pages of the
form depending on the number of
affiliates that are required to be filed on
this form.
PO 00000
Frm 00022
Fmt 4700
Sfmt 4700
(d) Due date. A fully completed and
certified BE–10 report comprising Form
BE–10A and Form(s) BE–10B, C, and/or
D (as required) is due to be filed with
BEA not later than May 28, 2010 for
those U.S. Reporters filing fewer than
50, and June 30, 2010 for those U.S.
Reporters filing 50 or more, foreign
affiliate Forms BE–10B, C, and/or D. If
the U.S. person had no foreign affiliates
during its 2009 fiscal year, it must file
a BE–10 Claim for Not Filing by May 28,
2010.
[FR Doc. E9–29732 Filed 12–14–09; 8:45 am]
BILLING CODE 3510–06–P
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 first quarter
of 2010 and amends the benefit
payments regulation to adopt interest
assumptions for plans with valuation
dates in January 2010. Interest
assumptions are also published on
PBGC’s Web site (https://www.pbgc.gov).
DATES: Effective January 1, 2010.
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
E:\FR\FM\15DER1.SGM
15DER1
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Federal Register / Vol. 74, No. 239 / Tuesday, December 15, 2009 / Rules and Regulations
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 first quarter (January
through March) of 2010 and updates the
assumptions under the benefit payments
regulation for January 2010.
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 first quarter
(January through March) of 2010, (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 January
Rate set
For plans with a
valuation date
On or after
*
195
2010, 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 January 2010.
The interest assumptions that PBGC
will use for valuing benefits for
allocation purposes (set forth in
Appendix B to part 4044) will be 4.89
percent for the first 20 years following
the valuation date and 4.63 percent
thereafter. In comparison with the
interest assumptions in effect for the
fourth quarter of 2009, these interest
assumptions represent a decrease of
0.41 percent for the first 20 years
following the valuation date and a
decrease of 0.38 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 December
2009, these interest assumptions are
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.
*
1–1–10
erowe on DSK5CLS3C1PROD with RULES
On or after
VerDate Nov<24>2008
12:30 Dec 14, 2009
Before
Jkt 220001
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
195, 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
2.50
3. In appendix C to part 4022, Rate Set
195, as set forth below, is added to the
table.
■
Rate set
i1
*
2–1–10
List of Subjects
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
Before
Because of the need to provide
immediate guidance for the valuation
and payment of benefits in plans with
valuation dates during January 2010,
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).
*
*
Immediate
annuity rate
(percent)
PO 00000
Frm 00023
*
*
Deferred annuities
(percent)
i1
Fmt 4700
i2
Sfmt 4700
E:\FR\FM\15DER1.SGM
i3
15DER1
66236
Federal Register / Vol. 74, No. 239 / Tuesday, December 15, 2009 / Rules and Regulations
For plans with a
valuation date
Rate set
On or after
*
Before
*
195
1–1–10
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
i1
*
4.00
*
2–1–10
2.50
i2
i3
4.00
n1
*
n2
*
*
4.00
7
8
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 January—March 2010, 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
*
*
*
January—March 2010 ......................................................
Issued in Washington, DC, on this 10th day
of December 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty
Corporation.
[FR Doc. E9–29835 Filed 12–14–09; 8:45 am]
BILLING CODE 7709–01–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2009–0670]
RIN 1625–AA09
Drawbridge Operation Regulation;
Franklin Canal, Franklin, LA
Coast Guard, DHS.
Final rule.
AGENCY:
erowe on DSK5CLS3C1PROD with RULES
ACTION:
SUMMARY: The Coast Guard is changing
the regulation governing the operation
of the Chatsworth Road Swing Span
Bridge across the Franklin Canal, mile
4.8, at Franklin, St. Mary Parish,
Louisiana. The St. Mary Parish
Government requested that the
operating regulation of the Chatsworth
Road swing span bridge be changed in
order for the bridge not to have to be
continuously manned by a draw tender.
This change allows the bridge to remain
unmanned during most of the day by
requiring a one-hour notice for an
opening of the draw between 5 a.m. and
9 p.m., during which time the bridge
normally opens on signal.
DATES: This rule is effective January 14,
2010.
VerDate Nov<24>2008
12:30 Dec 14, 2009
Jkt 220001
for t =
it
for t =
1–20
*
0.0463
>20
*
0.0489
Comments and related
materials received from the public, as
well as documents mentioned in this
preamble as being available in the
docket, are part of docket USCG–2009–
0670 and are available online by going
to https://www.regulations.gov, inserting
USCG–2009–0670 in the ‘‘Keyword’’
box, and then clicking ‘‘Search.’’ This
material is also available for inspection
or copying at the Docket Management
Facility (M–30), U.S. Department of
Transportation, West Building Ground
Floor, Room W12–140, 1200 New Jersey
Avenue, SE., Washington, DC 20590,
between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this rule, call or
e-mail Phil Johnson, Bridge
Administration Branch, Eighth Coast
Guard District; telephone 504–671–
2128, e-mail Philip.R.Johnson@uscg.mil.
If you have questions on viewing the
docket, call Renee V. Wright, Program
Manager, Docket Operations, telephone
202–366–9826.
SUPPLEMENTARY INFORMATION:
ADDRESSES:
Regulatory Information
On August 19, 2009, we published a
notice of proposed rulemaking (NPRM)
entitled Drawbridge Operation
Regulation; Franklin Canal, Franklin,
LA in the Federal Register (74 FR
41816). We received no comments on
the proposed rule. No public meeting
was requested, and none was held.
Background and Purpose
The St. Mary Parish Government
requested that the operating regulation
of the Chatsworth Road Swing Span
Bridge, located on the Franklin Canal at
PO 00000
Frm 00024
Fmt 4700
Sfmt 4700
it
*
for t =
*
N/A
N/A
mile 4.8 in Franklin, St. Mary Parish,
Louisiana, be changed in order for the
bridge not to have to be continuously
manned by a draw tender from 5 a.m.
to 9 p.m. when the bridge is now
required to open on signal. Because of
the relocation of a public boat landing
downstream of the bridge, vessel traffic
has become infrequent, and it is no
longer necessary to have a bridge tender
continuously man the bridge.
Concurrent with the publication of
the Notice of Proposed Rulemaking, a
Test Deviation [USCG–2009–0670] was
issued to allow the St. Mary Parish
Government to test the proposed
schedule and to obtain data and public
comments. The Test Deviation has
allowed the bridge to operate as follows:
The Chatsworth Road Bridge, mile 4.8 at
Franklin, shall open on signal from 5
a.m. to 9 p.m. if at least one hour notice
is given. From October 1 through
January 31 from 9 p.m. to 5 a.m., the
draw shall be opened on signal if at
least three hours notice is given. From
February 1 through September 30 from
9 p.m. to 5 a.m., the draw shall open on
signal if at least 12 hours notice is given.
The test period has been in effect during
the entire Notice of Proposed
Rulemaking comment period. No
comments were received from the
public from this Notice of Proposed
Rulemaking or the above referenced
Temporary Deviation. The Coast Guard
has reviewed bridge tender logs from
before and after the temporary test
deviation became effective. The logs do
not indicate an appreciable difference in
the number of openings between 5 a.m.
and 9 p.m., since the test deviation was
issued. Based on the fact that no
objections were received to the
E:\FR\FM\15DER1.SGM
15DER1
]]>Agencies
[Federal Register Volume 74, Number 239 (Tuesday, December 15, 2009)]
[Rules and Regulations]
[Pages 66234-66236]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-29835]
=======================================================================
-----------------------------------------------------------------------
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 first
quarter of 2010 and amends the benefit payments regulation to adopt
interest assumptions for plans with valuation dates in January 2010.
Interest assumptions are also published on PBGC's Web site (https://www.pbgc.gov).
DATES: Effective January 1, 2010.
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
[[Page 66235]]
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
first quarter (January through March) of 2010 and updates the
assumptions under the benefit payments regulation for January 2010.
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 first quarter (January through March) of
2010, (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 January 2010, 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 January 2010.
The interest assumptions that PBGC will use for valuing benefits
for allocation purposes (set forth in Appendix B to part 4044) will be
4.89 percent for the first 20 years following the valuation date and
4.63 percent thereafter. In comparison with the interest assumptions in
effect for the fourth quarter of 2009, these interest assumptions
represent a decrease of 0.41 percent for the first 20 years following
the valuation date and a decrease of 0.38 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 December 2009,
these interest assumptions are 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 January
2010, 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 195, 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
195 1-1-10 2-1-10 2.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
0
3. In appendix C to part 4022, Rate Set 195, 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 66236]]
* * * * * * *
195 1-1-10 2-1-10 2.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
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 January--March 2010, 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 =
----------------------------------------------------------------------------------------------------------------
* * * * * * *
January--March 2010......... 0.0489 1-20 0.0463 >20 N/A N/A
----------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on this 10th day of December 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty Corporation.
[FR Doc. E9-29835 Filed 12-14-09; 8:45 am]
BILLING CODE 7709-01-P
