45834 Federal Register / Vol. 72, No. 157 / Wednesday, August 15, 2007 / Notices 

Petitions will be available for public 

inspection by appointment with the 

staff of the USTR Public Reading Room, 

except for information granted 

‘‘business confidential’’ status pursuant 

to 15 CFR 2003.6. If the submission 

contains business confidential 

information, a non-confidential version 

of the submission must also be 

submitted that indicates where 

confidential information was redacted 

by inserting asterisks where material 

was deleted. In addition, the 

confidential submission must be clearly 

marked ‘‘BUSINESS CONFIDENTIAL’’

in large, bold letters at the top and 

bottom of every page of the document. 

The public version that does not contain 

business confidential information must 

be clearly marked either ‘‘PUBLIC 

VERSION’’ or ‘‘NON-CONFIDENTIAL’’

in large, bold letters at the top and 

bottom of every page. The file name of 

any document containing business 

confidential information attached to an 

e-mail transmission should begin with 

the characters ‘‘BC-’’, and the file name 

of the public version should begin with 

the characters ‘‘P-’’. The ‘‘P-’’ or ‘‘BC-’’

should be followed by the name of the 

person or party submitting the petition. 

Submissions by e-mail should not 

include separate cover letters or 

messages in the message area of the email; information that might appear in 

any cover letter should be included 

directly in the submission. The e-mail 

address for submissions is 

FR0716@ustr.eop.gov. Public versions of 

all documents relating to this review 

will be available for review shortly after 

the due date by appointment in the 

USTR Public Reading Room, 1724 F 

Street, NW., Washington, DC. 

Availability of documents may be 

ascertained, and appointments may be 

made from 9:30 a.m. to noon and 1 p.m. 

to 4 p.m., Monday through Friday, by 

calling (202) 395–6186. 

Carmen Suro-Bredie, 

Chairman, Trade Policy Staff Committee. 

[FR Doc. E7–16014 Filed 8–14–07; 8:45 am] 

BILLING CODE 3190–W7–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium for 

Single-Employer Plans; 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 August 

2007. The interest assumptions for 

performing multiemployer plan 

valuations following mass withdrawal 

under part 4281 apply to valuation dates 

occurring in September 2007. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Manager, Regulatory 

and Policy Division, 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. Pursuant to the Pension 

Protection Act of 2006, for premium 

payment years beginning in 2006 or 

2007, the required interest rate is the 

‘‘applicable percentage’’ 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 (the ‘‘premium payment 

year’’). 

On February 2, 2007 (at 72 FR 4955), 

the Internal Revenue Service (IRS) 

published final regulations containing 

updated mortality tables for determining 

current liability under section 412(l)(7) 

of the Code and section 302(d)(7) of 

ERISA for plan years beginning on or 

after January 1, 2007. As a result, in 

accordance with section 

4006(a)(3)(E)(iii)(II) of ERISA, the 

‘‘applicable percentage’’ to be used in 

determining the required interest rate 

for plan years beginning in 2007 is 100 

percent. 

The required interest rate to be used 

in determining variable-rate premiums 

for premium payment years beginning 

in August 2007 is 6.33 percent (i.e., 100 

percent of the 6.33 percent composite 

corporate bond rate for July 2007 as 

determined by the Treasury). 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between 

September 2006 and August 2007. 

For premium payment years 

beginning in 

The 

required interest rate is 

September 2006 ....................... 5.19 

October 2006 ............................ 5.06 

November 2006 ........................ 5.05 

December 2006 ........................ 4.90 

January 2007 ............................ 5.75 

February 2007 .......................... 5.89 

March 2007 ............................... 5.85 

April 2007 ................................. 5.84 

May 2007 .................................. 5.98 

June 2007 ................................. 6.01 

July 2007 .................................. 6.32 

August 2007 ............................. 6.33 

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 2007 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 8th day 

of August 2007. 

Vincent K. Snowbarger, 

Deputy Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. E7–15987 Filed 8–14–07; 8:45 am] 

BILLING CODE 7709–01–P 

POSTAL REGULATORY COMMISSION 

[Docket No. A2007–1; Order No. 24] 

Appeal of Post Office Closing in 

Ecorse, MI 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice and order. 

SUMMARY: This document informs the 

public that an appeal of the closing of 

the Ecorse, MI, Classified Finance 


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