2084 Federal Register / Vol. 68, No. 10 / Wednesday, January 15, 2003 / Notices 

Accession Numbers ML011560740 and 

ML023390060; while other 

documentation may be found at 

ML022490164 and ML022490363. Any 

questions with respect to this action 

should be referred to D. Blair Spitzberg, 

Ph.D., Chief, Fuel Cycle and 

Decommissioning Branch, Division of 

Nuclear Materials Safety, Region IV, 

U.S. Nuclear Regulatory Commission, 

611 Ryan Plaza Drive, Suite 400, 

Arlington, Texas, 76011–4005. 

Telephone: (817) 860–8191, fax number 

(817) 860–8188.

Dated in Arlington, Texas, this 8th day of 

January, 2003.

For the Nuclear Regulatory Commission. 

D. Blair Spitzberg, 

Chief, Fuel Cycle Decommissioning Branch, 

Division of Nuclear Materials Safety, Region 

IV.

[FR Doc. 03–862 Filed 1–14–03; 8:45 am] 

BILLING CODE 7590–01–P

OVERSEAS PRIVATE INVESTMENT 

CORPORATION 

Submission for OMB Review; 

Comment Request

AGENCY: Overseas Private Investment 

Corporation.

ACTION: Request for comments.

SUMMARY: Under the provisions of the 

Paperwork Reduction Act (44 U.S.C. 

Chapter 35), agencies are required to 

publish a Notice in the Federal Register

notifying the public that the Agency is 

preparing an information collection 

request for OMB review and approval 

and to request public review and 

comment on the submission. Comments 

are being solicited on the need for the 

information, its practical utility, the 

accuracy of the Agency’s burden 

estimate, and on ways to minimize the 

reporting burden, including automated 

collection techniques and uses of other 

forms of technology. The proposed form 

under review is summarized below.

DATES: Comments must be received 

within 60 calendar days of publication 

of this Notice.

ADDRESSES: Copies of the subject form 

and the request for review prepared for 

submission to OMB may be obtained 

from the Agency Submitting Officer. 

Comments on the form should be 

submitted to the Agency Submitting 

Officer.

FOR FURTHER INFORMATION CONTACT:

OPIC Agency Submitting Officer:

Bruce I. Campbell, Records Manager, 

Overseas Private Investment 

Corporation, 1100 New York Avenue, 

NW., Washington, DC 20527, (202) 336–

8563. 

Summary of Form Under Review 

Type of Request: Form Renewal. 

Title: Sponsor Disclosure Report. 

Form Number: OPIC–129. 

Frequency of Use: Once per major 

sponsor, per project. 

Type of Respondents: Business or 

other institutions. 

Standard Industrial Classification 

Codes: All. 

Description of Affected Public: U.S. 

companies sponsoring projects overseas. 

Reporting Hours: 5 hour per project. 

Number of Responses; 150 per year. 

Federal Cost: $12,730 per year. 

Authority for Information Collection:

Sections 231 and 234(a) of the Foreign 

Assistance Act of 1961, as amended. 

Abstract (Needs and Uses): The OPIC 

129 form is the principal document 

used by OPIC to gather information from 

project sponsors on whether a project 

might harm the U.S., a describes 

sponsor activities with the U.S. 

Government and other information for 

underwriting an analysis of a project.

Dated: December 30, 2002. 

Eli Landy, 

Senior Counsel, Administrative Affairs, 

Department of Legal Affairs.

[FR Doc. 03–816 Filed 1–14–03; 8:45 am] 

BILLING CODE 3210–01–M

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium; 

Interest on Late Premium Payments; 

Interest on Underpayments and 

Overpayments of Single-Employer 

Plan Termination Liability and 

Multiemployer Withdrawal Liability; 

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 (http://www.pbgc.gov).

DATES: The required interest rate for 

determining the variable-rate premium 

under part 4006 applies to premium 

payment years beginning in January 

2003. The interest assumptions for 

performing multiemployer plan 

valuations following mass withdrawal 

under part 4281 apply to valuation dates 

occurring in February 2003. The interest 

rates for late premium payments under 

part 4007 and for underpayments and 

overpayments of single-employer plan 

termination liability under part 4062 

and multiemployer withdrawal liability 

under part 4219 apply to interest 

accruing during the first quarter 

(January through March) of 2003.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General 

Counsel, Office of the General Counsel, 

Pension Benefit Guaranty Corporation, 

1200 K Street, NW., Washington, DC 

20005, 202–326–4024. (TTY/TDD users 

may call the Federal relay service tollfree 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. The required interest rate is 

the ‘‘applicable percentage’’ (currently 

100 percent) of the annual yield on 30-

year Treasury securities for the month 

preceding the beginning of the plan year 

for which premiums are being paid (the 

‘‘premium payment year’’). (Although 

the Treasury Department has ceased 

issuing 30-year securities, the Internal 

Revenue Service announces a surrogate 

yield figure each month—based on the 

30-year Treasury bond maturing in 

February 2031—which the PBGC uses to 

determine the required interest rate.)

The required interest rate to be used 

in determining variable-rate premiums 

for premium payment years beginning 

in January 2003 is 4.92 percent. 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between 

February 2002 and January 2003.

For premium payment years 

beginning in: 

The required 

interest rate is: 

February 2002 ...................... 5.45 

March 2002 ........................... 5.40 

April 2002 ............................. 5.71 

May 2002 .............................. 5.68 

June 2002 ............................. 5.65 

July 2002 .............................. 5.52 

August 2002 ......................... 5.39 

September 2002 ................... 5.08 

Federal Register / Vol. 68, No. 10 / Wednesday, January 15, 2003 / Notices 2085

For premium payment years 

beginning in: 

The required 

interest rate is: 

October 2002 ........................ 4.76 

November 2002 .................... 4.93 

December 2002 .................... 4.96 

January 2003 ........................ 4.92 

Late Premium Payments; 

Underpayments and Overpayments of 

Single-Employer Plan Termination 

Liability 

Section 4007(b) of ERISA and 

§ 4007.7(a) of the PBGC’s regulation on 

Payment of Premiums (29 CFR part 

4007) require the payment of interest on 

late premium payments at the rate 

established under section 6601 of the 

Internal Revenue Code. Similarly, 

§ 4062.7 of the PBGC’s regulation on 

Liability for Termination of SingleEmployer Plans (29 CFR part 4062) 

requires that interest be charged or 

credited at the section 6601 rate on 

underpayments and overpayments of 

employer liability under section 4062 of 

ERISA. The section 6601 rate is 

established periodically (currently 

quarterly) by the Internal Revenue 

Service. The rate applicable to the first 

quarter (January through March) of 

2003, as announced by the IRS, is 5 

percent. 

The following table lists the late 

payment interest rates for premiums and 

employer liability for the specified time 

periods:

From Through Interest rate

(percent) 

7/1/96 ....................................................................................................................................................................... 3/31/98 9 

4/1/98 ....................................................................................................................................................................... 12/31/98 8 

1/1/99 ....................................................................................................................................................................... 3/31/99 7 

4/1/99 ....................................................................................................................................................................... 3/31/00 8 

4/1/00 ....................................................................................................................................................................... 3/31/01 9 

4/1/01 ....................................................................................................................................................................... 6/30/01 8 

7/1/01 ....................................................................................................................................................................... 12/31/01 7 

1/1/02 ....................................................................................................................................................................... 12/31/02 6 

1/1/03 ....................................................................................................................................................................... 3/31/03 5 

Underpayments and Overpayments of 

Multiemployer Withdrawal Liability 

Section 4219.32(b) of the PBGC’s 

regulation on Notice, Collection, and 

Redetermination of Withdrawal 

Liability (29 CFR part 4219) specifies 

the rate at which a multiemployer plan 

is to charge or credit interest on 

underpayments and overpayments of 

withdrawal liability under section 4219 

of ERISA unless an applicable plan 

provision provides otherwise. For 

interest accruing during any calendar 

quarter, the specified rate is the average 

quoted prime rate on short-term 

commercial loans for the fifteenth day 

(or the next business day if the fifteenth 

day is not a business day) of the month 

preceding the beginning of the quarter, 

as reported by the Board of Governors 

of the Federal Reserve System in 

Statistical Release H.15 (‘‘Selected 

Interest Rates’’). The rate for the first 

quarter (January through March) of 2003 

(i.e., the rate reported for December 16, 

2002) is 4.25 percent. 

The following table lists the 

withdrawal liability underpayment and 

overpayment interest rates for the 

specified time periods:

From Through Interest rate

(percent) 

4/1/96 ....................................................................................................................................................................... 6/30/97 8.25 

7/1/97 ....................................................................................................................................................................... 12/31/98 8.50 

1/1/99 ....................................................................................................................................................................... 9/30/99 7.75 

10/1/99 ..................................................................................................................................................................... 12/31/99 8.25 

1/1/00 ....................................................................................................................................................................... 3/31/00 8.50 

4/1/00 ....................................................................................................................................................................... 6/30/00 8.75 

7/1/00 ....................................................................................................................................................................... 3/31/01 9.50 

4/1/01 ....................................................................................................................................................................... 6/30/01 8.50 

7/1/01 ....................................................................................................................................................................... 9/30/01 7.00 

10/1/01 ..................................................................................................................................................................... 12/31/01 6.50 

1/1/02 ....................................................................................................................................................................... 12/31/02 4.75 

1/1/03 ....................................................................................................................................................................... 3/31/03 4.25 

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 

February 2003 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 9th day 

of January 2003. 

Joseph H. Grant, 

Deputy Executive Director and Chief, 

Operating Officer, Pension Benefit Guaranty 

Corporation.

[FR Doc. 03–830 Filed 1–14–03; 8:45 am] 

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission; Office of Filings and 

Information Services; Washington, DC 

20549.

Extension:

Rule 15g–6, Sec File No. 270–349, OMB 

Control No. 3235–0395