42900 Federal Register / Vol. 66, No. 158 / Wednesday, August 15, 2001 / Notices

Department, suite 240 at the same

address, between 9 a.m. and 4 p.m. on

business days.

Copies of the collection of

information may be obtained without

charge by writing to the PBGC’s

Communications and Public Affairs

Department at the address given above

or calling 202–326–4040. (For TTY and

TDD, call 800–877–8339 and request

connection to 202–326–4040). The

premium payment regulation can be

accessed on the PBGC’s home page at

http://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General

Counsel, or Deborah C. Murphy,

Attorney, Office of the General Counsel,

Pension Benefit Guaranty Corporation,

1200 K Street, NW., Washington, DC

20005–4026, 202–326–4024. (For TTY

and TDD, call 800–877–8339 and

request connection to 202–326–4024).

SUPPLEMENTARY INFORMATION: Section

4007 of Title IV of the Employee

Retirement Income Security Act of 1974

(‘‘ERISA’’) requires the Pension Benefit

Guaranty Corporation (‘‘PBGC’’) to

collect premiums from pension plans

covered under Title IV pension

insurance programs. Pursuant to ERISA

section 4007, the PBGC has issued its

regulation on Payment of Premiums (29

CFR Part 4007). Section 4007.3 of the

premium payment regulation requires

plans, in connection with the payment

of premiums, to file certain forms

prescribed by the PBGC, and § 4007.10

requires plans to retain and make

available to the PBGC records

supporting or validating the

computation of premiums paid.

The forms prescribed are PBGC Form

1-ES, Form 1-EZ, and Form 1 and (for

single-employer plans only) Schedule A

to Form 1. Form 1-ES is issued, with

instructions, in the PBGC’s Estimated

Premium Payment Package. Form 1-EZ,

Form 1, and Schedule A are issued,

with instructions, in the PBGC’s Annual

Premium Payment Package.

The premium forms are needed to

determine the amount and record the

payment of PBGC premiums, and the

submission of forms and retention and

submission of records are needed to

enable the PBGC to perform premium

audits. The plan administrator of each

pension plan covered by Title IV of

ERISA is required to file one or more of

the premium payment forms each year.

The PBGC uses the information on the

premium payment forms to identify the

plans paying premiums and to verify

whether plans are paying the correct

amounts. That information and the

retained records are used for audit

purposes.

In addition, section 4011 of ERISA

and the PBGC’s regulation on Disclosure

to Participants (29 CFR Part 4011)

require plan administrators of certain

underfunded single-employer pension

plans to provide an annual notice to

plan participants and beneficiaries of

the plans’ funding status and the limits

on the Pension Benefit Guaranty

Corporation’s guarantee of plan benefits.

The participant notice requirement only

applies (subject to certain exemptions)

to plans that must pay a variable rate

premium. In order to monitor

compliance with Part 4011, plan

administrators must indicate on Form 1-

EZ or Schedule A to Form 1 that the

participant notice requirements have

been complied with.

The collection of information under

the regulation on Payment of Premiums,

including Form 1-ES, Form 1-EZ, Form

1, and Schedule A to Form 1, and

related instructions has been approved

by OMB under control number 1212–

0009. This collection of information also

includes the certification of compliance

with the participant notice requirements

(but not the participant notices

themselves). The PBGC is revising the

forms and instructions to clarify them

and make them easier to use. The PBGC

intends to request that OMB extend its

approval of this collection of

information, as revised, for three years

from the date of approval. (The

participant notices constitute a different

collection of information that has been

separately approved by OMB.) An

agency may not conduct or sponsor, and

a person is not required to respond to,

a collection of information unless it

displays a currently valid OMB control

number.

The PBGC estimates that it receives

responses annually from about 37,700

plan administrators and that the total

annual burden of the collection of

information is about 2,541 hours and

$9,657,780.

The PBGC is soliciting public

comments to—

• Evaluate whether the collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information will have practical utility;

• Evaluate the accuracy of the

agency’s estimate of the burden of the

collection of information, including the

validity of the methodology and

assumptions used;

• Enhance the quality, utility, and

clarity of the information to be

collected; and

• Minimize the burden of the

collection of information on those who

are to respond, including through the

use of appropriate automated,

electronic, mechanical, or other

technological collection techniques or

other forms of information technology,

e.g., permitting electronic submission of

responses.

Issued in Washington, DC, this 9th day of

August, 2001.

Stuart Sirkin,

Director, Corporate Policy and Research

Department, Pension Benefit Guaranty

Corporation.

[FR Doc. 01–20493 Filed 8–14–01; 8:45 am]

BILLING CODE 7708–01–P

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 are derivable 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 August

2001. The interest assumptions for

performing multiemployer plan

valuations following mass withdrawal

under part 4281 apply to valuation dates

occurring in September 2001.

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

Federal Register / Vol. 66, No. 158 / Wednesday, August 15, 2001 / Notices 42901

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

2 17 CFR 240.12d2–2(d).

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

4 15 U.S.C. 78l(g). 6 17 CFR 200.30–3(a)(1).

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’’). The yield

figure is reported in Federal Reserve

Statistical Releases G.13 and H.15.

The required interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in August 2001 is 4.77 percent (i.e., 85

percent of the 5.61 percent yield figure

for July 2001).

The following table lists the required

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

September 2000 and August 2001.

For premium payment

years beginning in:

The required

interest

rate is:

September 2000 ................... 4.86

October 2000 ........................ 4.96

November 2000 .................... 4.93

December 2000 .................... 4.91

January 2001 ........................ 4.67

February 2001 ...................... 4.71

March 2001 ........................... 4.63

April 2001 ............................. 4.54

May 2001 .............................. 4.80

June 2001 ............................. 4.91

July 2001 .............................. 4.82

August 2001 ......................... 4.77

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

September 2001 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 August 2001.

John Seal,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 01–20491 Filed 8–14–01; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

[File No. 1–15991]

Issuer Delisting; Notice of Application

To Withdraw From Listing and

Registration on the American Stock

Exchange LLC (AirTran Holdings, Inc.,

Common Stock, $.001 Par Value)

August 9, 2001.

AirTran Holdings, Inc., a Nevada

Corporation (‘‘Issuer’’), has 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, $.001 par value (‘‘Security’’),

from listing and registration on the

American Stock Exchange LLC

(‘‘Amex’’).

The Issuer stated in its application

that it has met the requirements of

Amex Rule 18 by complying with all

applicable laws in effect in the State of

Nevada, in which it is incorporated and

with the Amex’s rules governing an

issuer’s voluntary withdrawal of a

security from listing and registration.

The Issuer’s application relates solely to

the Security’s withdrawal from listing

on the Amex and registration under

section 12(b) of the Act 3 and shall not

affect its obligation to be registered

under section 12(g) the Act.4

On July 17, 2001, the Board of

Directors of the Issuer approved

resolutions to withdraw the Issuer’s

Security from listing on the Amex and

list it on the New York Stock Exchange,

Inc. (‘‘NYSE’’). In its application, the

Issuer states that trading in the Security

on the Amex will cease on August 14,

2001, and trading in the Security is

expected to begin on the NYSE at the

opening of business on August 15, 2001.

In making the decision to withdraw the

Security from listing on the Exchange,

the Issuer represents that by doing so it

can avoid the direct and indirect costs

and the division of the market resulting

from dual listing on the Amex and

NYSE.

Any interested person may, on or

before August 30, 2001, submit by letter

to the Secretary of the Securities and

Exchange Commission, 450 Fifth Street,

NW., Washington, DC 20549–0609, facts

bearing upon whether the application

has been made in accordance with the

rules of the Amex and what terms, if

any, should be imposed by the

Commission for the protection of

investors. The Commission, based on

the information submitted to it, will

issue an order granting the application

after the date mentioned above, unless

the Commission determines to order a

hearing on the matter.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.5

Jonathan G. Katz,

Secretary.

[FR Doc. 01–20498 Filed 8–14–01; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Investment Company Act Release No.

25106; 812–12286]

Pitcairn Funds and Pitcairn Trust

Company; Notice of Application

August 9, 2001.

AGENCY: Securities and Exchange

Commission (‘‘Commission’’)

ACTION: Notice of an application for an

order under section 6(c) of the

Investment Company Act of 1940 (the

‘‘Act’’) for an exemption from section

15(a) of the Act, rule 18f–2 under the

Act, certain disclosure requirements,

and rule 15a–4(b)(2)(vi)(C) under the

Act.

SUMMARY: Applicants, Pitcairn Funds

(the ‘‘Trust’’) and Pitcairn Trust

Company (‘‘PTC’’) request an order that

would permit them to enter into and

materially amend subadvisory

agreements without shareholder

approval, grant relief from certain

disclosure requirements, and allow for a

release from escrow of compensation

earned under an interim subadvisory

agreement.

FILING DATES: The application was filed

on September 29, 2000 and amended on

March 20, 2001 and July 27, 2001.

Applicants have agreed to file an

amendment during the notice period,

the substance of which is reflected in

this notice.

HEARING OR NOTIFICATION OF HEARING: An

order granting the requested relief will

be issued unless the Commission orders

a hearing. Interested persons may

request a hearing by writing to the

Commission’s Secretary and serving

applicants with a copy of the request,

personally or by mail. Hearing requests

should be received by the Commission

by 5:30 p.m. on September 3, 2001, and

should be accompanied by proof of

service on applicants, in the form of an