Federal Register / Vol. 69, No. 114 / Tuesday, June 15, 2004 / Notices 33429

This meeting will be webcast live at 

the Web address—http://www.nrc.gov. 

The schedule for Commission 

meetings is subject to change on short 

notice. To verify the status of meetings 

call (recording)—(301) 415–1292. 

Contact person for more information: 

Dave Gamberoni, (301) 415–1651. 

The NRC Commission Meeting 

Schedule can be found on the Internet 

at: http://www.nrc.gov/what-we-do/

policy-making/schedule.html. 

The NRC provides reasonable 

accommodation to individuals with 

disabilities where appropriate. If you 

need a reasonable accommodation to 

participate in these public meetings, or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g. 

braille, large print), please notify the 

NRC’s Disability Program Coordinator, 

August Spector, at 301–415–7080, TDD: 

301–415–2100, or by e-mail at 

aks@nrc.gov. Determinations on 

requests for reasonable accommodation 

will be made on a case-by-case basis. 

This notice is distributed by mail to 

several hundred subscribers; if you no 

longer wish to receive it, or would like 

to be added to the distribution, please 

contact the Office of the Secretary, 

Washington, DC 20555 (301–415–1969). 

In addition, distribution of this meeting 

notice over the Internet system is 

available. If you are interested in 

receiving this Commission meeting 

schedule electronically, please send an 

electronic message to dkw.@nrc.gov.

Dated: June 9, 2004. 

Dave Gamberoni, 

Office of the Secretary.

[FR Doc. 04–13521 Filed 6–10–04; 9:35 am] 

BILLING CODE 7590–01–M

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium; 

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 June 2004. 

The interest assumptions for performing 

multiemployer plan valuations 

following mass withdrawal under part 

4281 apply to valuation dates occurring 

in July 2004.

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. Pursuant to the Pension 

Funding Equity Act of 2004, for 

premium payment years beginning in 

2004 or 2005, the required interest rate 

is the ‘‘applicable percentage’’

(currently 85 percent) of the annual rate 

of interest determined by the Secretary 

of the Treasury on amounts invested 

conservatively in long-term investment 

grade corporate bonds for the month 

preceding the beginning of the plan year 

for which premiums are being paid. 

Thus, the required interest rate to be 

used in determining variable-rate 

premiums for premium payment years 

beginning in June 2004 is 5.26 percent 

(i.e., 85 percent of the 6.19 percent 

composite corporate bond rate for May 

2004 as determined by the Treasury). 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between July 

2003 and June 2004. Note that the 

required interest rates for premium 

payment years beginning in July 

through December 2003 were 

determined under the Job Creation and 

Worker Assistance Act of 2002, and that 

the required interest rates for premium 

payment years beginning in January 

through June 2004 were determined 

under the Pension Funding Equity Act 

of 2004.

For premium payment years 

beginning in: 

The required interest rate is: 

July 2003* ................................. 4.37 

August 2003* ............................ 4.93 

September 2003* ...................... 5.31 

October 2003* ........................... 5.14 

November 2003* ....................... 5.16 

December 2003* ....................... 5.12 

January 2004** .......................... 4.94 

February 2004** ........................ 4.83 

March 2004** ............................ 4.79 

April 2004** ............................... 4.62 

May 2004** ................................ 4.98 

June 2004** ............................... 5.26 

*The required interest rates for premium 

payment years beginning in July through December 2003 were determined under the Job 

Creation and Worker Assistance Act of 2002. **The required interest rates for premium 

payment years beginning in January through 

June 2004 were determined under the Pension Funding Equity Act of 2004. 

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 July 

2004 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 June, 2004. 

Joseph H. Grant, 

Deputy Executive Director and Chief 

Operating Officer, Pension Benefit Guaranty 

Corporation.

[FR Doc. 04–13486 Filed 6–14–04; 8:45 am] 

BILLING CODE 7708–01–P

POSTAL SERVICE

Change to the Retirement Plan for 

Manually Set Postage Meters

AGENCY: Postal Service.

ACTION: Notice of proposed change to 

plan with request for comments. 

SUMMARY: The Postal Service proposes 

to revise the Retirement Plan for 

Manually Set Postage Meters, published 

in the Federal Register on December 13, 

2000, for meters with lease expiration 

dates on or after October 1, 2004. The 

proposed retirement date for these 

manually set electronic meters will be 

May 31, 2005. The Postal Service will 

set no electronic manually set meters 

after February 28, 2005.