Federal Register / Vol. 71, No. 50 / Wednesday, March 15, 2006 / Notices 13437 

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

2 17 CFR 240.12d2–2(d). 

For the Nuclear Regulatory Commission. 

Jill Caverly, 

Project Manager, Licensing Section, Spent 

Fuel Project Office, Office of Nuclear Material 

Safety and Safeguards. 

[FR Doc. E6–3714 Filed 3–14–06; 8:45 am] 

BILLING CODE 7590–01–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 March 

2006. The interest assumptions for 

performing multiemployer plan 

valuations following mass withdrawal 

under part 4281 apply to valuation dates 

occurring in April 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’’). (After a fiveyear hiatus, the Treasury Department 

issued 30-year securities during 

February 2006. To take yields on the 

new securities into account, the Internal 

Revenue Service has determined the 

annual yield on 30-year Treasury 

securities for February 2006 to be the 

average of the yield on the 30-year 

Treasury bond maturing in February 

2031 determined each business day in 

February 2006 through February 8, 

2006, and the yield on the 30-year 

Treasury bond maturing in February 

2036 determined each business day for 

the balance of February 2006. The 

required interest rate to be used in 

determining variable-rate premiums for 

premium payment years beginning in 

March 2006 is 3.89 percent (i.e., 85 

percent of the 4.58 percent Treasury 

securities rate for February 2006). 

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 March 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 April 

2005 and March 2006. 

For premium payment years beginning in: 

The 

required 

interest 

rate is: 

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 

February 2006 .............................. 3.90 

March 2006 ................................... 3.89 

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 April 

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 8th day 

of March 2006. 

Vincent K. Snowbarger, 

Deputy Executive Director, Pension Benefit 

Guaranty Corporation. 

[FR Doc. E6–3699 Filed 3–14–06; 8:45 am] 

BILLING CODE 7709–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[File No. 1–31227] 

Issuer Delisting; Notice of Application 

of Cogent Communications Group, Inc. 

To Withdraw Its Common Stock, $.001 

Par Value, From Listing and 

Registration on the American Stock 

Exchange LLC 

March 9, 2006. 

On March 3, 2006, Cogent 

Communications Group, Inc., 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, $.001 par value (‘‘Security’’), from 

listing and registration on the American 

Stock Exchange LLC (‘‘Amex’’). 

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

the Issuer approved resolutions on July 

11, 2005, and confirmed such 

authorization on February 7, 2006 to 

withdraw the Security from listing on 

Amex and register and list the Security 

on the Nasdaq National Market 

(‘‘Nasdaq’’). The Board believes that 

Nasdaq will provide greater exposure of 

the Security to investors, especially as 

more members of the Issuer’s peer group 

of communications companies have a 

Nasdaq listing rather than an exchange 

listing. The Issuer stated that on 

February 28, 2006, Nasdaq approved the 

Issuer’s application to list the Security 

on Nasdaq. The Issuer expects the 

Security to trade on Nasdaq on or about 

March 6, 2006. 


sroberts on PROD1PC70 with NOTICES