Federal Register / Vol. 71, No. 9 / Friday, January 13, 2006 / Notices 2277 

For further details with respect to this 

action, see the application for 

amendment dated October 14, 2003, and 

the licensee’s letter dated December 19, 

2005, which withdrew the application 

for the license amendment. Documents 

may be examined, and/or copied for a 

fee, at the NRC’s Public Document 

Room (PDR), located at One White Flint 

North, Public File Area O–1F21, 11555 

Rockville Pike (first floor), Rockville, 

Maryland. Publicly-available records 

will be accessible electronically from 

the Agencywide Documents Access and 

Management Systems (ADAMS) Public 

Electronic Reading Room on the internet 

at the NRC Web site, http:// 

www.nrc.gov/reading-rm/adams/html. 

Persons who do not have access to 

ADAMS or who encounter problems in 

accessing the documents located in 

ADAMS, should contact the NRC PDR 

Reference staff by telephone at 1–800–

397–4209, or 301–415–4737 or by email 

to pdr@nrc.gov. 

Dated at Rockville, Maryland, this 9th day 

of January 2006. 

For the Nuclear Regulatory Commission. 

Patrick D. Milano, 

Senior Project Manager, Plant Licensing 

Branch I–1, Division of Operating Reactor 

Licensing, Office of Nuclear Reactor 

Regulation. 

[FR Doc. E6–350 Filed 1–12–06; 8:45 am] 

BILLING CODE 7590–01–P 

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 

2006. The interest assumptions for 

performing multiemployer plan 

valuations following mass withdrawal 

under part 4281 apply to valuation dates 

occurring in February 2006. 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 2006. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Attorney, 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: 

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 

85 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 2006 is 3.95 percent (i.e., 85 

percent of the 4.65 percent Treasury 

Securities Rate for December 2005). 

The Pension Funding Equity Act of 

2004 (‘‘PFEA’’)—under which the 

required interest rate is 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—applies only 

for premium payment years beginning 

in 2004 or 2005. Congress is considering 

legislation that would extend the PFEA 

rate for one more year. If legislation that 

changes the rules for determining the 

required interest rate for plan years 

beginning in January 2006 is adopted, 

the PBGC will promptly publish a 

Federal Register notice with the new 

rate. 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between 

February 2005 and January 2006. 

For premium payment 

years beginning in: 

The required 

interest rate is: 

February 2005 .................. 4.66 

March 2005 ....................... 4.56 

April 2005 ......................... 4.78 

May 2005 .......................... 4.72 

June 2005 ......................... 4.60 

July 2005 .......................... 4.47 

August 2005 ..................... 4.56 

September 2005 ............... 4.61 

October 2005 .................... 4.62 

November 2005 ................ 4.83 

December 2005 ................ 4.91 

January 2006 .................... 3.95 

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 

2006, as announced by the IRS, is 7 

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) 

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 ................ 9/30/03 5 

10/1/03 .............. 3/31/04 4 

4/1/04 ................ 6/30/04 5 

7/1/04 ................ 9/30/04 4 


hsrobinson on PROD1PC70 with NOTICES
2278 Federal Register / Vol. 71, No. 9 / Friday, January 13, 2006 / Notices 

1 15 U.S.C. 78l(d). 

2 17 CFR 240.12d2–2(d). 

3 15 U.S.C. 78l(b). 

From Through Interest rate 

(percent) 

10/1/04 .............. 3/31/05 5 

4/1/05 ................ 9/30/05 6 

10/1/05 .............. 3/31/06 7 

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 2006 

(i.e., the rate reported for December 15, 

2005) is 7.25 percent. 

The following table lists the 

withdrawal liability underpayment and 

overpayment interest rates for the 

specified time periods: 

From Through Interest rate 

(percent) 

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 ................ 9/30/03 4.25 

10/1/03 .............. 9/30/04 4.00 

10/1/04 .............. 12/31/04 4.50 

1/1/05 ................ 3/31/05 5.25 

4/1/05 ................ 6/30/05 5.50 

7/1/05 ................ 9/30/05 6.00 

10/1/05 .............. 12/31/05 6.50 

1/1/06 ................ 3/31/06 7.25 

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 2006 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 2006. 

Vincent K. Snowbarger, 

Deputy Executive Director, Pension Benefit 

Guaranty Corporation. 

[FR Doc. 06–328 Filed 1–12–06; 8:45 am] 

BILLING CODE 7708–01–P 

RAILROAD RETIREMENT BOARD 

Agency Forms Submitted for OMB 

Review 

Summary: In accordance with the 

Paperwork Reduction Act of 1995 (44 

U.S.C. chapter 35), the Railroad 

Retirement Board (RRB) has submitted 

the following proposal(s) for the 

collection of information to the Office of 

Management and Budget for review and 

approval. 

Summary of Proposal(s) 

(1) Collection title: Employers 

Quarterly Report of Contributions Under 

the RUIA. 

(2) Form(s) submitted: DC–1. 

(3) OMB Number: 3220–0012. 

(4) Expiration date of current OMB 

clearance: March 31, 2006. 

(5) Type of request: Extension of a 

currently approved collection. 

(6) Respondents: Business or other 

for-profit. 

(7) Estimated annual number of 

respondents: 540. 

(8) Total annual responses: 2,160. 

(9) Total annual reporting hours: 900. 

(10) Collection description: Railroad 

employers are required to make 

contributions to the Railroad 

Unemployment Insurance fund 

quarterly or annually equal to a 

percentage of the creditable 

compensation paid to each employee. 

The information furnished on the report 

accompanying the remittance is used to 

determine correctness of the amount 

paid. 

Additional Information or Comments: 

Copies of the forms and supporting 

documents can be obtained from 

Charles Mierzwa, the agency clearance 

officer (312–751–3363) or 

Charles.Mierzwa@rrb.gov. 

Comments regarding the information 

collection should be addressed to 

Ronald J. Hodapp, Railroad Retirement 

Board, 844 North Rush Street, Chicago, 

Illinois 60611–2092 or 

Ronald.Hodapp@rrb.gov and to the 

OMB Desk Officer for the RRB, at the 

Office of Management and Budget, 

Room 10230, New Executive Office 

Building, Washington, DC 20503. 

Charles Mierzwa, 

Clearance Officer. 

[FR Doc. E6–318 Filed 1–12–06; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 1–11535] 

Issuer Delisting; Notice of Application 

of Burlington Northern Santa Fe 

Corporation, To Withdraw Its Common 

Stock, $.01 Par Value, From Listing 

and Registration on the Pacific 

Exchange, Inc. 

January 6, 2006. 

On December 20, 2005, Burlington 

Northern Santa Fe Corporation, a 

Delaware corporation (‘‘Issuer’’), filed 

an application with the Securities and 

Exchange Commission (‘‘Commission’’), 

pursuant to Section 12(d) of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 1 and Rule 12d2–2(d) 

thereunder,2 to withdraw its common 

stock, $.01 par value (‘‘Security’’), from 

listing and registration on the Pacific 

Exchange, Inc. (‘‘PCX’’). 

The Board of Directors (‘‘Board’’) of 

the Issuer approved resolutions on 

December 8, 2005 to withdraw the 

Security from PCX. The Issuer stated 

that the Board decided to withdraw the 

Security from PCX because the benefits 

of continued listing on PCX do not 

outweigh the incremental cost of the 

listing fees and the administrative 

burden associated with listing on PCX. 

The Issuer stated that the Security is 

listed on the New York Stock Exchange, 

Inc. (‘‘NYSE’’) and will continue to list 

on NYSE. 

The Issuer stated in its application 

that it has complied with applicable 

rules of PCX by complying with all 

applicable laws in the State of Delaware, 

the state in which the Issuer is 

incorporated, and by providing PCX 

with the required documents governing 

the withdrawal of securities from listing 

and registration on PCX. The Issuer’s 

application relates solely to the 

withdrawal of the Security from listing 

on PCX and shall not affect its 

continued listing on NYSE or its 

obligation to be registered under Section 

12(b) of the Act.3

Any interested person may, on or 

before February 1, 2006, comment on 

the facts bearing upon whether the 


hsrobinson on PROD1PC70 with NOTICES