Federal Register / Vol. 70, No. 231 / Friday, December 2, 2005 / Rules and Regulations 72205 

restrictions imposed by (e)(5) would 

limit the ability of those agencies’

trained investigators and intelligence 

analysts to exercise their judgment in 

conducting investigations and impede 

the development of intelligence 

necessary for effective law enforcement 

and counterterrorism efforts. The TSC 

has, however, implemented internal 

quality assurance procedures to ensure 

that TSC terrorist screening data is as 

thorough, accurate, and current as 

possible. The FBI also is exempting the 

TSRS from the requirements of 

subsection (e)(5) in order to prevent the 

use of a challenge under subsection 

(e)(5) as a collateral means to obtain 

access to records in the TSRS. The FBI 

has exempted TSRS records from the 

access and amendment requirements of 

subsection (d) of the Privacy Act in 

order to protect the integrity of 

counterterrorism investigations. 

Exempting the TSRS from subsection 

(e)(5) serves to prevent the assertion of 

challenges to a record’s accuracy, 

timeliness, completeness, and/or 

relevance under subsection (e)(5) to 

circumvent the exemption claimed from 

subsection (d). 

(8) From subsection (e)(8) because to 

require individual notice of disclosure 

of information due to compulsory legal 

process would pose an impossible 

administrative burden on the FBI and 

the TSC and could alert the subjects of 

counterterrorism, law enforcement, or 

intelligence investigations to the fact of 

those investigations when not 

previously known. 

(9) From subsection (g) to the extent 

that the system is exempt from other 

specific subsections of the Privacy Act. 

Dated: November 22, 2005. 

Paul R. Corts, 

Assistant Attorney General for 

Administration. 

[FR Doc. 05–23568 Filed 12–1–05; 8:45 am] 

BILLING CODE 4410–02–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

29 CFR Part 4044 

RIN 1212–AA55 

Valuation of Benefits; Mortality 

Assumptions 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Final rule. 

SUMMARY: The Pension Benefit Guaranty 

Corporation is amending its benefit 

valuation regulation by adopting more 

current mortality assumptions. The 

mortality assumptions prescribed under 

PBGC’s regulations to be used to value 

benefits for non-disabled (‘‘healthy’’) 

participants are taken from the 1983 

Group Annuity Mortality (GAM–83) 

Tables. The PBGC published a final rule 

adopting these tables in 1993, noting 

that many private-sector insurers used 

the GAM–83 Tables when setting group 

annuity prices. At that time, the PBGC 

also said that it intended to keep each 

of its individual valuation assumptions 

in line with those of private-sector 

insurers, and to modify its mortality 

assumptions whenever it is necessary to 

do so to achieve consistency with the 

private insurer assumptions. This rule 

updates those assumptions by replacing 

a version of the GAM–83 Tables with a 

version of the GAM–94 Tables. The 

updated mortality assumptions will 

better conform to those used by privatesector insurers in pricing group 

annuities. 

DATES: Effective January 1, 2006. For a 

discussion of applicability of the 

amendments, see the Applicability 

section in SUPPLEMENTARY INFORMATION. 

FOR FURTHER INFORMATION CONTACT: 

James J. Armbruster, Acting Director, 

Legislative and Regulatory Department, 

or James L. Beller, Jr., Attorney, 

Legislative and Regulatory Department, 

PBGC, 1200 K Street, N.W., Washington, 

DC 20005–4026; 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: On March 

14, 2005 (at 70 FR 12429), the Pension 

Benefit Guaranty Corporation (PBGC) 

published a proposed rule modifying 29 

CFR part 4044 (Allocation of Assets in 

Single-employer Plans). The PBGC 

received one comment letter on the 

proposed rule (which is addressed 

below) and is issuing the final 

regulation as proposed. 

The PBGC’s regulations provide rules 

for valuing benefits in a single-employer 

plan that terminates in a distress or 

involuntary termination. (The rules are 

codified at 29 CFR part 4044, subpart B.) 

The PBGC uses these rules to determine: 

(1) The extent to which participants’

benefits are funded under the allocation 

rules of ERISA section 4044, (2) whether 

a plan is sufficient for guaranteed 

benefits, and (3) how much an employer 

owes the PBGC as a result of a plan 

termination under ERISA section 4062. 

Employers must use these rules to 

determine the value of plan benefit 

liabilities in annual reports required to 

be submitted under ERISA section 4010, 

and may use these rules to ensure that 

plan spinoffs, mergers, and transfers 

comply with Internal Revenue Code 

section 414(l). 

General Valuation Approach 

The valuation rules prescribe a 

number of assumptions intended to 

produce reasonable valuation results on 

average for the range of plans 

terminating in distress or involuntary 

terminations, rather than for any 

particular plan or plan type. The 

assumptions prescribed by this rule for 

valuing benefits in terminating plans 

match the private-sector annuity market 

to the extent possible. 

The market cost of providing annuity 

benefits is based upon data from 

periodic surveys conducted for the 

PBGC by the American Council of Life 

Insurers (the ACLI surveys). These ACLI 

surveys ask insurers for pricing 

information on group annuities. Each 

respondent to the surveys provides its 

prices (net of administrative expenses) 

for a range of ages for immediate 

annuities (annuities where payments 

start immediately) and for deferred 

annuities (annuities where payments are 

deferred to age 65). Prices of each of the 

two types of annuities are averaged at 

each age to get an average market price. 

Interest factors are derived so that, when 

combined with the PBGC’s healthy-life 

mortality assumptions, they provide the 

best fit for the average market prices (as 

obtained from the ACLI surveys) over 

the entire range of ages. The interest 

factors are recalibrated to the annuity 

survey prices each year. Each month 

between recalibrations, the interest 

factors are adjusted based on changes in 

the yield on long-term corporate 

investment-grade bonds. The interest 

factors are then used in conjunction 

with the PBGC’s mortality assumptions 

(and other PBGC assumptions) to value 

annuity benefits. 

These derived interest factors are not 

market interest rates. The factors stand 

in for all the many components used in 

annuity pricing that are not reflected in 

the given mortality table—e.g., assumed 

yield on investment, margins for profit 

and contingencies, premium and 

income taxes, and marketing and sales 

expenses. Because of the relationship 

among annuity prices, a mortality table, 

and the derived interest factors, it is 

never meaningful to compare PBGC’s 

interest factors to market interest rates. 

The PBGC’s interest factors are 

meaningful only in combination with 

the PBGC’s mortality assumptions. 

Mortality Assumptions 

One set of assumptions prescribed by 

the valuation regulation relates to the 

probabilities that a participant (or 

beneficiary) will survive to each 

72206 Federal Register / Vol. 70, No. 231 / Friday, December 2, 2005 / Rules and Regulations 

1 In response to the 1997 Notice of Intent to 

Propose Rulemaking, one commenter asked for the 

adoption of a static table rather than a generational 

table to avoid unnecessary complexity. 

expected benefit payment date, i.e., 

mortality assumptions. The mortality 

assumptions now used to value benefits 

for non-disabled (‘‘healthy’’) 

participants are taken from the 1983 

Group Annuity Mortality (GAM–83) 

Tables. The PBGC published a final rule 

adopting these tables in 1993, noting in 

the preamble to the proposed rule, 58 

FR 5128, 5129 (January 19, 1993), that 

many private-sector insurers used the 

GAM–83 Tables when setting group 

annuity prices. The PBGC also said (at 

58 FR 5129) that it intended ‘‘to keep 

each of its individual valuation 

assumptions in line with those of 

private-sector insurers, and to modify its 

mortality assumptions whenever it is 

necessary to do so to achieve 

consistency with the private insurer 

assumptions.’’ These mortality 

assumptions have not been updated 

since 1993. 

As noted, the ACLI periodically 

conducts surveys, on behalf of the 

PBGC, of insurers who provide group 

annuity contracts for information on 

how they price group annuities. In 

addition to other pricing questions, the 

ACLI from time to time has asked for 

information on which mortality tables 

the insurers use when pricing group 

annuities in pension plans. A majority 

of respondents indicated that, as of 

March 31, 2002, they use a version of 

the 1994 Group Annuity Mortality Basic 

(GAM–94 Basic) Table and project 

future improvements in mortality with 

projection scale AA. Similarly, the 

Society of Actuaries sponsored a survey 

of pricing actuaries for insurers who 

provide group annuity contracts and 

found that five of the ten respondents 

used a version of the GAM–94 Table 

and six of the ten used an unloaded (i.e., 

basic) table. 30-Year Treasury Rates and 

Defined Benefit Plans, August 22, 2001, 

p.5. That survey also found that most of 

the surveyed companies projected 

future improvements and that the most 

common projection scale was AA. 

Based on these surveys, this 

regulation adopts the GAM–94 Basic 

Table as the basis for the healthy-life 

mortality assumptions to be used for 

PBGC valuations of plan benefits. 

Specifically, for a particular valuation, 

the regulation prescribes the use of the 

GAM–94 Basic Table projected to the 

year of that valuation plus 10 years 

using Scale AA. The updated mortality 

assumptions will result in interest 

factors that, when combined with those 

updated mortality assumptions, will 

provide prices that match the ACLI 

survey prices more closely across the 

entire range of ages than had GAM–83 

been used. 

The regulation prescribes a projected 

mortality table to take into account 

expected improvements in mortality. 

While it would be ideal to reflect 

mortality improvement through the use 

of a fully generational mortality table 

(i.e., a table that provides for full 

generational mortality improvement), 

this would be unduly complex.1 A fully 

generational table is constructed from a 

group of static tables. For example, the 

value of an annuity payable to a 

participant beginning at age 65 in 2007 

would be calculated from a 2007 static 

table for the probability of death at age 

65, a 2008 static table for the probability 

of death at age 66, a 2009 static table for 

the probability of death at age 67, etc. 

One method of approximating the 

effect of full generational mortality 

improvement is to project the current 

table for a specified number of years and 

use the resulting table without further 

projection. The number of years of 

projection would be equal to the years 

to the valuation date plus the duration 

of liabilities. This rule adopts this 

approach. A mortality table that 

includes projection for the liability 

duration takes into account expected 

mortality improvements and achieves 

results very close to those of a fully 

generational table but in a much less 

complex manner. 

The regulation calls for the use of 

mortality tables projected to the year of 

valuation plus 10 years as a rough 

approximation for the duration of 

liabilities in plans that terminate in 

distress or involuntary terminations. 

Thus, for a valuation in 2006, mortality 

is projected to the year 2016 for each 

age. For a valuation in 2007, mortality 

is projected to the year 2017. For 

example, the probability of death for a 

65-year-old healthy male to be used in 

a valuation in 2006 would be calculated 

as follows: .015629 × (1 ¥ .014) (2006 ¥

1994 ∂ 10) = .011461. The PBGC will 

publish the projected mortality tables on 

its Web site (www.pbgc.gov). 

There is no reason to expect that the 

mortality tables under this regulation 

will match the tables that are prescribed 

for certain funding purposes under 

Treasury Regulations at any point in 

time. The PBGC’s mortality tables are 

based on the mortality experience of 

group annuitants. In contrast, the tables 

to be used for certain minimum funding 

purposes are based on the mortality 

experience of individuals covered by 

pension plans. 

Because of the way the PBGC’s 

interest factors are determined, the 

choice of mortality assumptions 

generally is expected to have no 

significant effect on benefit valuations. 

The effect that a change in mortality 

assumptions will have on valuations 

generally will be offset by the effect of 

the corresponding change in the interest 

factors. For example, the use of GAM–

94 mortality assumptions will result in 

higher interest factors than would the 

use of GAM–83 mortality assumptions 

(because GAM–94 has lower mortality 

rates than GAM–83). When those higher 

interest factors are combined with 

GAM–94, the resulting value for a given 

benefit will generally be about the same 

as it would be using GAM–83 along 

with the lower interest factors derived 

from the ACLI survey prices using 

GAM–83. (For a more detailed 

explanation, see the preambles to the 

PBGC’s proposed rule published on 

January 19, 1993, at 58 FR 5128, and 

final rule published on September 28, 

1993, at 58 FR 50812.) 

In addition to the mortality 

assumptions for healthy individuals, the 

current regulation provides two other 

sets of mortality assumptions: (1) Those 

for participants who are disabled under 

a plan provision requiring eligibility for 

Social Security disability benefits 

(Social Security disabled participants), 

and (2) those for participants who are 

disabled under a plan provision that 

does not require eligibility for Social 

Security disability benefits (non-Social 

Security disabled participants). 

As with the mortality assumptions for 

healthy individuals, this rule updates 

the mortality assumptions used for 

disabled participants. For Social 

Security disabled participants, the 

regulation calls for the use of the 

Mortality Tables for Disabilities 

Occurring in Plan Years Beginning After 

December 31, 1994, from Rev. Rul. 96–

7 (1996–1 C.B. 59). These tables were 

developed by the Internal Revenue 

Service as required by the Retirement 

Protection Act of 1994 amendments 

relating to the determination of current 

liability. For non-Social Security 

disabled participants, the regulation 

calls for the use of the healthy life tables 

projected from 1994 to the calendar year 

in which the valuation date occurs plus 

10 years using Scale AA and setting the 

resulting table forward three years. In 

addition, in order to prevent the rates at 

the older ages from exceeding the 

corresponding rates in the proposed 

table for Social Security disabled 

participants, the mortality rate for nonSocial Security disabled participants is 

capped at the corresponding rate for 

Social Security disabled participants. 

Federal Register / Vol. 70, No. 231 / Friday, December 2, 2005 / Rules and Regulations 72207 

For convenience, the PBGC will make 

all of these mortality tables (like the 

healthy-life mortality tables) available 

on its Web site (www.pbgc.gov). 

The rule also makes a clarifying 

change to this regulation to reflect the 

PBGC’s practice of treating a participant 

as a disabled participant (Social 

Security disabled and non-Social 

Security disabled, whichever is 

applicable) if on the valuation date the 

participant is under age 65 and has a 

benefit that was converted under the 

plan’s terms from a disability benefit to 

an early or normal retirement benefit for 

any reason other than a change in the 

participant’s health status. 

In addition, for clarity, paragraph 

4044.52(d) is expressed more simply 

and moved to paragraph 4044.53(g). 

That paragraph, which deals with 

mortality when valuing deferred joint 

annuities, is being moved from the 

subsection that deals generally with 

valuation to the subsection that deals 

specifically with mortality. 

Comments on Notice of Intent To 

Propose Rulemaking 

In developing the proposed rule, the 

PBGC considered the comments relating 

to its mortality assumptions that it 

received in response to its notice of 

intent to propose rulemaking issued on 

March 19, 1997 (62 FR 12982). The 

proposed rule adopted a number of the 

suggestions made by commenters. For 

instance, one commenter suggested that 

the regulation should not call for the use 

of a reserving table (i.e., a table that 

includes a built-in margin to provide a 

cushion for reserving purposes). 

Another commenter asked for the 

adoption of a static table rather than a 

generational table. This final rule adopts 

basic (nonreserve) tables that 

approximate the effect of full 

generational mortality improvements 

without the complexity of a fully 

generational table. 

Several commenters asked that the 

rule provide mortality assumptions that 

vary depending on industry or 

workforce type or that vary on a planspecific basis. The proposed rule did 

not adopt either of these approaches. As 

discussed above and in the proposed 

rule, the mortality assumptions are 

selected with the goal of achieving 

consistency with the mortality 

assumptions used by private-sector 

insurers for pricing group annuity 

contracts. To this end, ACLI 

respondents were asked to identify the 

mortality tables they used and any 

variations to those tables. Neither the 

proposed GAM–94 Basic Table, the 

most commonly identified table, nor 

any of the other tables identified by the 

survey respondents provided mortality 

assumptions that vary depending on 

industry or workforce type. Moreover, 

none of the survey respondents reported 

that they make modifications or 

adjustments based on industry or 

workforce type. As for the use of planspecific mortality assumptions, the 

general valuation approach is to apply 

a common set of assumptions (e.g., 

mortality, expected retirement age) to all 

plans with the goal of producing 

reasonable results on average. Shifting 

to a plan-specific approach for mortality 

would be a fundamental change that 

could require burdensome verification 

procedures. Therefore, the PBGC 

proposed to continue to use more 

general mortality assumptions that, like 

its other assumptions, produce 

reasonable results on average. (No 

comments were received on the 

proposed rule with respect to this 

issue.) 

Comments on Proposed Rule 

One comment letter on the proposed 

rule was received. The commenter, an 

actuary in private practice, asserted that 

the GAM–94 Basic Table is not widely 

available and asked the PBGC to explain 

this table more clearly and to publish 

the exact Qs (mortality rates). The 

commenter also suggested that the 

PBGC should clarify why the proposed 

rates tables for Social Security disabled 

lives, which differ from other popular 

rates tables for disabled lives (for 

example, the RP–2000 disabled life 

mortality table), are appropriate. 

The GAM–94 Basic Table is also 

known as the 1994 Uninsured Pensioner 

Mortality Table (UP–94), which is 

widely available; for example, it is 

included in the Society of Actuaries’

mortality table software, ‘‘Table 

Manager.’’ The GAM–94 Basic Table, 

with specific Qs and the projection 

scale, was part of the proposed rule (and 

is included in this final rule). In 

addition, as stated above and in the 

proposed rule, the PBGC will publish 

the projected mortality tables on its Web 

site (www.pbgc.gov). 

The rule calls for the use of rates from 

the Mortality Tables for Disabilities 

Occurring in Plan Years Beginning After 

December 31, 1994, from Rev. Rul. 96–

7 (1996–1 C.B. 59) for Social Security 

disabled participants, because those 

rates were developed based on the 

Social Security Administration’s 

experience for individuals who are 

receiving benefits under its program. 

These tables differ from certain other 

popular tables (in particular, the RP–

2000 table), which are based on a 

population of all disabled lives, rather 

than the narrower population of Social 

Security disabled lives. 

Applicability 

These amendments apply to any plan 

with a termination date on or after 

January 1, 2006. 

Other Changes to Valuation Regulation 

The PBGC will continue to explore 

other ways to improve its benefit 

valuation regulations and may make 

other changes through separate 

rulemaking actions. 

Compliance With Rulemaking 

Guidelines 

The PBGC has determined, in 

consultation with the Office of 

Management and Budget, that this rule 

is a ‘‘significant regulatory action’’

under Executive Order 12866. The 

Office of Management and Budget, 

therefore, has reviewed this rule under 

Executive Order 12866. 

The PBGC certifies under section 

605(b) of the Regulatory Flexibility Act 

that this rule will not have a significant 

economic impact on a substantial 

number of small entities. As explained 

earlier in this preamble, the effect on a 

plan valuation of the change in the 

PBGC’s mortality assumptions will be 

offset by the effect on that plan’s 

valuation of the PBGC’s use of higher 

interest factors. Because of this 

offsetting effect, the PBGC does not 

expect this rule to have a significant 

economic impact on a substantial 

number of entities of any size. 

Accordingly, sections 603 and 604 of 

the Regulatory Flexibility Act do not 

apply. 

This final rule contains no collection 

of information requirements within the 

meaning of the Paperwork Reduction 

Act of 1995. 

List of Subjects in 29 CFR Part 4044 

Employee benefits plans, Pension 

insurance, Pensions. 

■ For the reasons set forth above, the 

PBGC amends part 4044 of 29 CFR 

chapter XL as follows: 

PART 4044—ALLOCATION OF 

ASSETS IN SINGLE-EMPLOYER 

PLANS 

■ 1. The authority citation for part 4044 

continues to read as follows: 

Authority: 29 U.S.C. 1301(a), 1302(b)(3), 

1341, 1344, and 1362. 

■ 2. Amend § 4044.52 by adding the 

word ‘‘and’’ to the end of paragraph (c), 

removing paragraph (d), and 

redesignating paragraph (e) as paragraph 

(d). 

■ 3. Revise § 4044.53 to read as follows: 

72208 Federal Register / Vol. 70, No. 231 / Friday, December 2, 2005 / Rules and Regulations 

4044.53 Mortality assumptions. 

(a) General rule. Subject to paragraph 

(b) of this section (regarding certain 

death benefits), the plan administrator 

shall use the mortality factors 

prescribed in paragraphs (c), (d), (e), (f), 

and (g) of this section to value benefits 

under § 4044.52. 

(b) Certain death benefits. If an 

annuity for one person is in pay status 

on the valuation date, and if the 

payment of a death benefit after the 

valuation date to another person, who 

need not be identifiable on the valuation 

date, depends in whole or in part on the 

death of the pay status annuitant, then 

the plan administrator shall value the 

death benefit using—

(1) The mortality rates that are 

applicable to the annuity in pay status 

under this section to represent the 

mortality of the pay status annuitant; 

and 

(2) The mortality rates under 

paragraph (c) of this section to represent 

the mortality of the death beneficiary. 

(c) Healthy lives. If the individual is 

not disabled under paragraph (f) of this 

section, the plan administrator will 

value the benefit using—

(1) For male participants, the rates in 

Table 1 of Appendix A to this part 

projected from 1994 to the calendar year 

in which the valuation date occurs plus 

10 years using Scale AA from Table 2 

of Appendix A to this part; and 

(2) For female participants, the rates 

in Table 3 of Appendix A to this part 

projected from 1994 to the calendar year 

in which the valuation date occurs plus 

10 years using Scale AA from Table 4 

of Appendix A to this part. 

(d) Social Security disabled lives. If 

the individual is Social Security 

disabled under paragraph (f)(1) of this 

section, the plan administrator will 

value the benefit using—

(1) For male participants, the rates in 

Table 5 of Appendix A to this part; and 

(2) For female participants, the rates 

in Table 6 of Appendix A to this part. 

(e) Non-Social Security disabled lives. 

If the individual is non-Social Security 

disabled under paragraph (f)(2) of this 

section, the plan administrator will 

value the benefit at each age using—

(1) For male participants, the lesser 

of—

(i) The rate determined from Table 1 

of Appendix A to this part projected 

from 1994 to the calendar year in which 

the valuation date occurs plus 10 years 

using Scale AA from Table 2 of 

Appendix A to this part and setting the 

resulting table forward three years, or 

(ii) The rate in Table 5 of Appendix 

A to this part. 

(2) For female participants, the lesser 

of—

(i) The rate determined from Table 3 

of Appendix A to this part projected 

from 1994 to the calendar year in which 

the valuation date occurs plus 10 years 

using Scale AA from Table 4 of 

Appendix A to this part and setting the 

resulting table forward three years, or 

(ii) The rate in Table 6 of Appendix 

A to this part. 

(f) Definitions of disability. 

(1) Social Security disabled. A 

participant is Social Security disabled 

if, on the valuation date, the participant 

is less than age 65 and has a benefit in 

pay status that—

(i) Is being received as a disability 

benefit under a plan provision requiring 

either receipt of or eligibility for Social 

Security disability benefits, or 

(ii) Was converted under the plan’s 

terms from a disability benefit under a 

plan provision requiring either receipt 

of or eligibility for Social Security 

disability benefits to an early or normal 

retirement benefit for any reason other 

than a change in the participant’s health 

status. 

(2) Non-Social Security disabled. A 

participant is non-Social Security 

disabled if, on the valuation date, the 

participant is less than age 65, is not 

Social Security disabled, and has a 

benefit in pay status that—

(i) Is being received as a disability 

benefit under the plan, or 

(ii) Was converted under the plan’s 

terms from a disability benefit to an 

early or normal retirement benefit for 

any reason other than a change in the 

participant’s health status. 

(g) Contingent annuitant mortality 

during deferral period. If a participant’s 

joint and survivor benefit is valued as a 

deferred annuity, the mortality of the 

contingent annuitant during the deferral 

period will be disregarded. 

■ 4. Revise Appendix A to part 4044 to 

read as follows: 

Appendix A to Part 4044—Mortality 

Rate Tables 

The mortality tables in this appendix 

set forth that for each age x the 

probability qX that an individual aged x 

(in 1994, when using Table 1 or Table 

3) will not survive to attain age x + 1. 

The projection scales in this appendix 

set forth for each age x the annual 

reduction AAX in the mortality rate at 

age x. 

TABLE 1.—MORTALITY TABLE FOR

HEALTHY MALE PARTICIPANTS

[94 GAM basic] 

Age x qX

15 .............................................. 0.000371 

16 .............................................. 0.000421 

TABLE 1.—MORTALITY TABLE FOR

HEALTHY MALE PARTICIPANTS— 

Continued 

[94 GAM basic] 

Age x qX

17 .............................................. 0.000463 

18 .............................................. 0.000495 

19 .............................................. 0.000521 

20 .............................................. 0.000545 

21 .............................................. 0.000570 

22 .............................................. 0.000598 

23 .............................................. 0.000633 

24 .............................................. 0.000671 

25 .............................................. 0.000711 

26 .............................................. 0.000749 

27 .............................................. 0.000782 

28 .............................................. 0.000811 

29 .............................................. 0.000838 

30 .............................................. 0.000862 

31 .............................................. 0.000883 

32 .............................................. 0.000902 

33 .............................................. 0.000912 

34 .............................................. 0.000913 

35 .............................................. 0.000915 

36 .............................................. 0.000927 

37 .............................................. 0.000958 

38 .............................................. 0.001010 

39 .............................................. 0.001075 

40 .............................................. 0.001153 

41 .............................................. 0.001243 

42 .............................................. 0.001346 

43 .............................................. 0.001454 

44 .............................................. 0.001568 

45 .............................................. 0.001697 

46 .............................................. 0.001852 

47 .............................................. 0.002042 

48 .............................................. 0.002260 

49 .............................................. 0.002501 

50 .............................................. 0.002773 

51 .............................................. 0.003088 

52 .............................................. 0.003455 

53 .............................................. 0.003854 

54 .............................................. 0.004278 

55 .............................................. 0.004758 

56 .............................................. 0.005322 

57 .............................................. 0.006001 

58 .............................................. 0.006774 

59 .............................................. 0.007623 

60 .............................................. 0.008576 

61 .............................................. 0.009663 

62 .............................................. 0.010911 

63 .............................................. 0.012335 

64 .............................................. 0.013914 

65 .............................................. 0.015629 

66 .............................................. 0.017462 

67 .............................................. 0.019391 

68 .............................................. 0.021354 

69 .............................................. 0.023364 

70 .............................................. 0.025516 

71 .............................................. 0.027905 

72 .............................................. 0.030625 

73 .............................................. 0.033549 

74 .............................................. 0.036614 

75 .............................................. 0.040012 

76 .............................................. 0.043933 

77 .............................................. 0.048570 

78 .............................................. 0.053991 

79 .............................................. 0.060066 

80 .............................................. 0.066696 

81 .............................................. 0.073780 

82 .............................................. 0.081217 

83 .............................................. 0.088721 

84 .............................................. 0.096358 

Federal Register / Vol. 70, No. 231 / Friday, December 2, 2005 / Rules and Regulations 72209 

TABLE 1.—MORTALITY TABLE FOR

HEALTHY MALE PARTICIPANTS—

Continued 

[94 GAM basic] 

Age x qX

85 .............................................. 0.104559 

86 .............................................. 0.113755 

87 .............................................. 0.124377 

88 .............................................. 0.136537 

89 .............................................. 0.149949 

90 .............................................. 0.164442 

91 .............................................. 0.179849 

92 .............................................. 0.196001 

93 .............................................. 0.213325 

94 .............................................. 0.231936 

95 .............................................. 0.251189 

96 .............................................. 0.270441 

97 .............................................. 0.289048 

98 .............................................. 0.306750 

99 .............................................. 0.323976 

100 ............................................ 0.341116 

101 ............................................ 0.358560 

102 ............................................ 0.376699 

103 ............................................ 0.396884 

104 ............................................ 0.418855 

105 ............................................ 0.440585 

106 ............................................ 0.460043 

107 ............................................ 0.475200 

108 ............................................ 0.485670 

109 ............................................ 0.492807 

110 ............................................ 0.497189 

111 ............................................ 0.499394 

112 ............................................ 0.500000 

113 ............................................ 0.500000 

114 ............................................ 0.500000 

115 ............................................ 0.500000 

116 ............................................ 0.500000 

117 ............................................ 0.500000 

118 ............................................ 0.500000 

119 ............................................ 0.500000 

120 ............................................ 1.000000 

TABLE 2.—PROJECTION SCALE AA 

FOR HEALTHY MALE PARTICIPANTS

Age x AAX

15 .................................................... 0.019 

16 .................................................... 0.019 

17 .................................................... 0.019 

18 .................................................... 0.019 

19 .................................................... 0.019 

20 .................................................... 0.019 

21 .................................................... 0.018 

22 .................................................... 0.017 

23 .................................................... 0.015 

24 .................................................... 0.013 

25 .................................................... 0.010 

26 .................................................... 0.006 

27 .................................................... 0.005 

28 .................................................... 0.005 

29 .................................................... 0.005 

30 .................................................... 0.005 

31 .................................................... 0.005 

32 .................................................... 0.005 

33 .................................................... 0.005 

34 .................................................... 0.005 

35 .................................................... 0.005 

36 .................................................... 0.005 

37 .................................................... 0.005 

38 .................................................... 0.006 

39 .................................................... 0.007 

TABLE 2.—PROJECTION SCALE AA 

FOR HEALTHY MALE PARTICIPANTS—Continued 

Age x AAX

40 .................................................... 0.008 

41 .................................................... 0.009 

42 .................................................... 0.010 

43 .................................................... 0.011 

44 .................................................... 0.012 

45 .................................................... 0.013 

46 .................................................... 0.014 

47 .................................................... 0.015 

48 .................................................... 0.016 

49 .................................................... 0.017 

50 .................................................... 0.018 

51 .................................................... 0.019 

52 .................................................... 0.020 

53 .................................................... 0.020 

54 .................................................... 0.020 

55 .................................................... 0.019 

56 .................................................... 0.018 

57 .................................................... 0.017 

58 .................................................... 0.016 

59 .................................................... 0.016 

60 .................................................... 0.016 

61 .................................................... 0.015 

62 .................................................... 0.015 

63 .................................................... 0.014 

64 .................................................... 0.014 

65 .................................................... 0.014 

66 .................................................... 0.013 

67 .................................................... 0.013 

68 .................................................... 0.014 

69 .................................................... 0.014 

70 .................................................... 0.015 

71 .................................................... 0.015 

72 .................................................... 0.015 

73 .................................................... 0.015 

74 .................................................... 0.015 

75 .................................................... 0.014 

76 .................................................... 0.014 

77 .................................................... 0.013 

78 .................................................... 0.012 

79 .................................................... 0.011 

80 .................................................... 0.010 

81 .................................................... 0.009 

82 .................................................... 0.008 

83 .................................................... 0.008 

84 .................................................... 0.007 

85 .................................................... 0.007 

86 .................................................... 0.007 

87 .................................................... 0.006 

88 .................................................... 0.005 

89 .................................................... 0.005 

90 .................................................... 0.004 

91 .................................................... 0.004 

92 .................................................... 0.003 

93 .................................................... 0.003 

94 .................................................... 0.003 

95 .................................................... 0.002 

96 .................................................... 0.002 

97 .................................................... 0.002 

98 .................................................... 0.001 

99 .................................................... 0.001 

100 .................................................. 0.001 

101 .................................................. 0.000 

102 .................................................. 0.000 

103 .................................................. 0.000 

104 .................................................. 0.000 

105 .................................................. 0.000 

106 .................................................. 0.000 

107 .................................................. 0.000 

108 .................................................. 0.000 

109 .................................................. 0.000 

TABLE 2.—PROJECTION SCALE AA 

FOR HEALTHY MALE PARTICIPANTS—Continued 

Age x AAX

110 .................................................. 0.000 

111 .................................................. 0.000 

112 .................................................. 0.000 

113 .................................................. 0.000 

114 .................................................. 0.000 

115 .................................................. 0.000 

116 .................................................. 0.000 

117 .................................................. 0.000 

118 .................................................. 0.000 

119 .................................................. 0.000 

120 .................................................. 0.000 

TABLE 3.—MORTALITY TABLE FOR

HEALTHY FEMALE PARTICIPANTS

[94 GAM Basic] 

Age x qX

15 .............................................. 0.000233 

16 .............................................. 0.000261 

17 .............................................. 0.000281 

18 .............................................. 0.000293 

19 .............................................. 0.000301 

20 .............................................. 0.000305 

21 .............................................. 0.000308 

22 .............................................. 0.000311 

23 .............................................. 0.000313 

24 .............................................. 0.000313 

25 .............................................. 0.000313 

26 .............................................. 0.000316 

27 .............................................. 0.000324 

28 .............................................. 0.000338 

29 .............................................. 0.000356 

30 .............................................. 0.000377 

31 .............................................. 0.000401 

32 .............................................. 0.000427 

33 .............................................. 0.000454 

34 .............................................. 0.000482 

35 .............................................. 0.000514 

36 .............................................. 0.000550 

37 .............................................. 0.000593 

38 .............................................. 0.000643 

39 .............................................. 0.000701 

40 .............................................. 0.000763 

41 .............................................. 0.000826 

42 .............................................. 0.000888 

43 .............................................. 0.000943 

44 .............................................. 0.000992 

45 .............................................. 0.001046 

46 .............................................. 0.001111 

47 .............................................. 0.001196 

48 .............................................. 0.001297 

49 .............................................. 0.001408 

50 .............................................. 0.001536 

51 .............................................. 0.001686 

52 .............................................. 0.001864 

53 .............................................. 0.002051 

54 .............................................. 0.002241 

55 .............................................. 0.002466 

56 .............................................. 0.002755 

57 .............................................. 0.003139 

58 .............................................. 0.003612 

59 .............................................. 0.004154 

60 .............................................. 0.004773 

61 .............................................. 0.005476 

62 .............................................. 0.006271 

63 .............................................. 0.007179 

64 .............................................. 0.008194 

72210 Federal Register / Vol. 70, No. 231 / Friday, December 2, 2005 / Rules and Regulations 

TABLE 3.—MORTALITY TABLE FOR

HEALTHY FEMALE PARTICIPANTS—

Continued 

[94 GAM Basic] 

Age x qX

65 .............................................. 0.009286 

66 .............................................. 0.010423 

67 .............................................. 0.011574 

68 .............................................. 0.012648 

69 .............................................. 0.013665 

70 .............................................. 0.014763 

71 .............................................. 0.016079 

72 .............................................. 0.017748 

73 .............................................. 0.019724 

74 .............................................. 0.021915 

75 .............................................. 0.024393 

76 .............................................. 0.027231 

77 .............................................. 0.030501 

78 .............................................. 0.034115 

79 .............................................. 0.038024 

80 .............................................. 0.042361 

81 .............................................. 0.047260 

82 .............................................. 0.052853 

83 .............................................. 0.058986 

84 .............................................. 0.065569 

85 .............................................. 0.072836 

86 .............................................. 0.081018 

87 .............................................. 0.090348 

88 .............................................. 0.100882 

89 .............................................. 0.112467 

90 .............................................. 0.125016 

91 .............................................. 0.138442 

92 .............................................. 0.152660 

93 .............................................. 0.167668 

94 .............................................. 0.183524 

95 .............................................. 0.200229 

96 .............................................. 0.217783 

97 .............................................. 0.236188 

98 .............................................. 0.255605 

99 .............................................. 0.276035 

100 ............................................ 0.297233 

101 ............................................ 0.318956 

102 ............................................ 0.340960 

103 ............................................ 0.364586 

104 ............................................ 0.389996 

105 ............................................ 0.415180 

106 ............................................ 0.438126 

107 ............................................ 0.456824 

108 ............................................ 0.471493 

109 ............................................ 0.483473 

110 ............................................ 0.492436 

111 ............................................ 0.498054 

112 ............................................ 0.500000 

113 ............................................ 0.500000 

114 ............................................ 0.500000 

115 ............................................ 0.500000 

116 ............................................ 0.500000 

117 ............................................ 0.500000 

118 ............................................ 0.500000 

119 ............................................ 0.500000 

120 ............................................ 1.000000 

TABLE 4.—PROJECTION SCALE AA 

FOR HEALTHY FEMALE PARTICIPANTS

Age x AAX

15 .................................................... 0.016 

16 .................................................... 0.015 

17 .................................................... 0.014 

18 .................................................... 0.014 

19 .................................................... 0.015 

TABLE 4.—PROJECTION SCALE AA 

FOR HEALTHY FEMALE PARTICIPANTS—Continued 

Age x AAX

20 .................................................... 0.016 

21 .................................................... 0.017 

22 .................................................... 0.017 

23 .................................................... 0.016 

24 .................................................... 0.015 

25 .................................................... 0.014 

26 .................................................... 0.012 

27 .................................................... 0.012 

28 .................................................... 0.012 

29 .................................................... 0.012 

30 .................................................... 0.010 

31 .................................................... 0.008 

32 .................................................... 0.008 

33 .................................................... 0.009 

34 .................................................... 0.010 

35 .................................................... 0.011 

36 .................................................... 0.012 

37 .................................................... 0.013 

38 .................................................... 0.014 

39 .................................................... 0.015 

40 .................................................... 0.015 

41 .................................................... 0.015 

42 .................................................... 0.015 

43 .................................................... 0.015 

44 .................................................... 0.015 

45 .................................................... 0.016 

46 .................................................... 0.017 

47 .................................................... 0.018 

48 .................................................... 0.018 

49 .................................................... 0.018 

50 .................................................... 0.017 

51 .................................................... 0.016 

52 .................................................... 0.014 

53 .................................................... 0.012 

54 .................................................... 0.010 

55 .................................................... 0.008 

56 .................................................... 0.006 

57 .................................................... 0.005 

58 .................................................... 0.005 

59 .................................................... 0.005 

60 .................................................... 0.005 

61 .................................................... 0.005 

62 .................................................... 0.005 

63 .................................................... 0.005 

64 .................................................... 0.005 

65 .................................................... 0.005 

66 .................................................... 0.005 

67 .................................................... 0.005 

68 .................................................... 0.005 

69 .................................................... 0.005 

70 .................................................... 0.005 

71 .................................................... 0.006 

72 .................................................... 0.006 

73 .................................................... 0.007 

74 .................................................... 0.007 

75 .................................................... 0.008 

76 .................................................... 0.008 

77 .................................................... 0.007 

78 .................................................... 0.007 

79 .................................................... 0.007 

80 .................................................... 0.007 

81 .................................................... 0.007 

82 .................................................... 0.007 

83 .................................................... 0.007 

84 .................................................... 0.007 

85 .................................................... 0.006 

86 .................................................... 0.005 

87 .................................................... 0.004 

88 .................................................... 0.004 

89 .................................................... 0.003 

TABLE 4.—PROJECTION SCALE AA 

FOR HEALTHY FEMALE PARTICIPANTS—Continued 

Age x AAX

90 .................................................... 0.003 

91 .................................................... 0.003 

92 .................................................... 0.003 

93 .................................................... 0.002 

94 .................................................... 0.002 

95 .................................................... 0.002 

96 .................................................... 0.002 

97 .................................................... 0.001 

98 .................................................... 0.001 

99 .................................................... 0.001 

100 .................................................. 0.001 

101 .................................................. 0.000 

102 .................................................. 0.000 

103 .................................................. 0.000 

104 .................................................. 0.000 

105 .................................................. 0.000 

106 .................................................. 0.000 

107 .................................................. 0.000 

108 .................................................. 0.000 

109 .................................................. 0.000 

110 .................................................. 0.000 

111 .................................................. 0.000 

112 .................................................. 0.000 

113 .................................................. 0.000 

114 .................................................. 0.000 

115 .................................................. 0.000 

116 .................................................. 0.000 

117 .................................................. 0.000 

118 .................................................. 0.000 

119 .................................................. 0.000 

120 .................................................. 0.000 

TABLE 5.—MORTALITY TABLE FOR SOCIAL SECURITY DISABLED MALE

PARTICIPANTS

Age x qX

15 .............................................. 0.022010 

16 .............................................. 0.022502 

17 .............................................. 0.023001 

18 .............................................. 0.023519 

19 .............................................. 0.024045 

20 .............................................. 0.024583 

21 .............................................. 0.025133 

22 .............................................. 0.025697 

23 .............................................. 0.026269 

24 .............................................. 0.026857 

25 .............................................. 0.027457 

26 .............................................. 0.028071 

27 .............................................. 0.028704 

28 .............................................. 0.029345 

29 .............................................. 0.029999 

30 .............................................. 0.030661 

31 .............................................. 0.031331 

32 .............................................. 0.032006 

33 .............................................. 0.032689 

34 .............................................. 0.033405 

35 .............................................. 0.034184 

36 .............................................. 0.034981 

37 .............................................. 0.035796 

38 .............................................. 0.036634 

39 .............................................. 0.037493 

40 .............................................. 0.038373 

41 .............................................. 0.039272 

42 .............................................. 0.040189 

43 .............................................. 0.041122 

44 .............................................. 0.042071 

Federal Register / Vol. 70, No. 231 / Friday, December 2, 2005 / Rules and Regulations 72211 

TABLE 5.—MORTALITY TABLE FOR SOCIAL SECURITY DISABLED MALE

PARTICIPANTS—Continued 

Age x qX

45 .............................................. 0.043033 

46 .............................................. 0.044007 

47 .............................................. 0.044993 

48 .............................................. 0.045989 

49 .............................................. 0.046993 

50 .............................................. 0.048004 

51 .............................................. 0.049021 

52 .............................................. 0.050042 

53 .............................................. 0.051067 

54 .............................................. 0.052093 

55 .............................................. 0.053120 

56 .............................................. 0.054144 

57 .............................................. 0.055089 

58 .............................................. 0.056068 

59 .............................................. 0.057080 

60 .............................................. 0.058118 

61 .............................................. 0.059172 

62 .............................................. 0.060232 

63 .............................................. 0.061303 

64 .............................................. 0.062429 

65 .............................................. 0.063669 

66 .............................................. 0.065082 

67 .............................................. 0.066724 

68 .............................................. 0.068642 

69 .............................................. 0.070834 

70 .............................................. 0.073284 

71 .............................................. 0.075979 

72 .............................................. 0.078903 

73 .............................................. 0.082070 

74 .............................................. 0.085606 

75 .............................................. 0.088918 

76 .............................................. 0.092208 

77 .............................................. 0.095625 

78 .............................................. 0.099216 

79 .............................................. 0.103030 

80 .............................................. 0.107113 

81 .............................................. 0.111515 

82 .............................................. 0.116283 

83 .............................................. 0.121464 

84 .............................................. 0.127108 

85 .............................................. 0.133262 

86 .............................................. 0.139974 

87 .............................................. 0.147292 

88 .............................................. 0.155265 

89 .............................................. 0.163939 

90 .............................................. 0.173363 

91 .............................................. 0.183585 

92 .............................................. 0.194653 

93 .............................................. 0.206615 

94 .............................................. 0.219519 

95 .............................................. 0.234086 

96 .............................................. 0.248436 

97 .............................................. 0.263954 

98 .............................................. 0.280803 

99 .............................................. 0.299154 

100 ............................................ 0.319185 

101 ............................................ 0.341086 

102 ............................................ 0.365052 

103 ............................................ 0.393102 

104 ............................................ 0.427255 

105 ............................................ 0.469531 

106 ............................................ 0.521945 

107 ............................................ 0.586518 

108 ............................................ 0.665268 

109 ............................................ 0.760215 

110 ............................................ 1.000000 

TABLE 6.—MORTALITY TABLE FOR SOCIAL SECURITY DISABLED FEMALE

PARTICIPANTS

Age x qX

15 .............................................. 0.007777 

16 .............................................. 0.008120 

17 .............................................. 0.008476 

18 .............................................. 0.008852 

19 .............................................. 0.009243 

20 .............................................. 0.009650 

21 .............................................. 0.010076 

22 .............................................. 0.010521 

23 .............................................. 0.010984 

24 .............................................. 0.011468 

25 .............................................. 0.011974 

26 .............................................. 0.012502 

27 .............................................. 0.013057 

28 .............................................. 0.013632 

29 .............................................. 0.014229 

30 .............................................. 0.014843 

31 .............................................. 0.015473 

32 .............................................. 0.016103 

33 .............................................. 0.016604 

34 .............................................. 0.017121 

35 .............................................. 0.017654 

36 .............................................. 0.018204 

37 .............................................. 0.018770 

38 .............................................. 0.019355 

39 .............................................. 0.019957 

40 .............................................. 0.020579 

41 .............................................. 0.021219 

42 .............................................. 0.021880 

43 .............................................. 0.022561 

44 .............................................. 0.023263 

45 .............................................. 0.023988 

46 .............................................. 0.024734 

47 .............................................. 0.025504 

48 .............................................. 0.026298 

49 .............................................. 0.027117 

50 .............................................. 0.027961 

51 .............................................. 0.028832 

52 .............................................. 0.029730 

53 .............................................. 0.030655 

54 .............................................. 0.031609 

55 .............................................. 0.032594 

56 .............................................. 0.033608 

57 .............................................. 0.034655 

58 .............................................. 0.035733 

59 .............................................. 0.036846 

60 .............................................. 0.037993 

61 .............................................. 0.039176 

62 .............................................. 0.040395 

63 .............................................. 0.041653 

64 .............................................. 0.042950 

65 .............................................. 0.044287 

66 .............................................. 0.045666 

67 .............................................. 0.046828 

68 .............................................. 0.048070 

69 .............................................. 0.049584 

70 .............................................. 0.051331 

71 .............................................. 0.053268 

72 .............................................. 0.055356 

73 .............................................. 0.057573 

74 .............................................. 0.059979 

75 .............................................. 0.062574 

76 .............................................. 0.065480 

77 .............................................. 0.068690 

78 .............................................. 0.072237 

79 .............................................. 0.076156 

80 .............................................. 0.080480 

81 .............................................. 0.085243 

82 .............................................. 0.090480 

83 .............................................. 0.096224 

84 .............................................. 0.102508 

TABLE 6.—MORTALITY TABLE FOR SOCIAL SECURITY DISABLED FEMALE

PARTICIPANTS—Continued 

Age x qX

85 .............................................. 0.109368 

86 .............................................. 0.116837 

87 .............................................. 0.124948 

88 .............................................. 0.133736 

89 .............................................. 0.143234 

90 .............................................. 0.153477 

91 .............................................. 0.164498 

92 .............................................. 0.176332 

93 .............................................. 0.189011 

94 .............................................. 0.202571 

95 .............................................. 0.217045 

96 .............................................. 0.232467 

97 .............................................. 0.248870 

98 .............................................. 0.266289 

99 .............................................. 0.284758 

100 ............................................ 0.303433 

101 ............................................ 0.327385 

102 ............................................ 0.359020 

103 ............................................ 0.395842 

104 ............................................ 0.438360 

105 ............................................ 0.487816 

106 ............................................ 0.545886 

107 ............................................ 0.614309 

108 ............................................ 0.694884 

109 ............................................ 0.789474 

110 ............................................ 1.000000 

Issued in Washington, DC, this 29 day of 

November, 2005. 

Elaine L. Chao, 

Chairman, Board of Directors, Pension Benefit 

Guaranty Corporation. 

Issued on the date set forth above pursuant 

to a resolution of the Board of Directors 

authorizing its Chairman to issue this final 

rule. 

Judith R. Starr, 

Secretary, Board of Directors, Pension Benefit 

Guaranty Corporation. 

[FR Doc. 05–23554 Filed 12–1–05; 8:45 am] 

BILLING CODE 7708–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

38 CFR Parts 3 and 20 

RIN 2900–AL86 

Dependency and Indemnity 

Compensation: Surviving Spouse’s 

Rate; Payments Based on Veteran’s 

Entitlement to Compensation for 

Service-Connected Disability Rated 

Totally Disabling for Specified Periods 

Prior to Death 

AGENCY: Department of Veterans Affairs. 

ACTION: Final rule. 

SUMMARY: The Department of Veterans 

Affairs (VA) is amending its 

adjudication regulations concerning 

payment of dependency and indemnity 

compensation (DIC) for certain nonVerDate Aug<31>2005 14:17 Dec 01, 2005 Jkt 208001 PO 00000 Frm 00017 Fmt 4700 Sfmt 4700 E:\FR\FM\02DER1.SGM 02DER1