7208 Federal Register / Vol. 67, No. 32 / Friday, February 15, 2002 / Notices

questions may be asked only by

members of the Committee, its

consultants, and staff. Persons desiring

to make oral statements should notify

the cognizant ACNW staff person named

below five days prior to the meeting, if

possible, so that appropriate

arrangements can be made.

Further information regarding topics

to be discussed, the scheduling of

sessions open to the public, whether the

meeting has been canceled or

rescheduled, the Chairman’s ruling on

requests for the opportunity to present

oral statements, and the time allotted

therefor can be obtained by contacting

the cognizant ACNW staff person,

Howard J. Larson (telephone: 301/415–

6805) between 7:30 a.m. and 4:15 p.m.

(EST). Persons planning to attend this

meeting are urged to contact the above

named individual one or two working

days prior to the meeting to be advised

of any changes in schedule that may

have occurred.

Dated: February 8, 2002.

Sher Bahadur,

Associate Director for Technical Support,

ACRS/ACNW.

[FR Doc. 02–3752 Filed 2–14–02; 8:45 am]

BILLING CODE 7590–01–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 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 February

2002. The interest assumptions for

performing multiemployer plan

valuations following mass withdrawal

under part 4281 apply to valuation dates

occurring in March 2002.

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

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 Release H.15.

The required interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in February 2002 is 4.63 percent (i.e., 85

percent of the 5.45 percent yield figure

for January 2002).

The following table lists the required

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

March 2001 and February 2002.

For premium payment years

beginning in:

The required interest rate is:

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

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

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

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

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

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

September 2001 ....................... 4.66

October 2001 ............................ 4.66

November 2001 ........................ 4.52

December 2001 ........................ 4.35

January 2002 ............................ 4.66

February 2002 .......................... 4.63

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 March

2002 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 February 2002.

Steven A. Kandarian,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 02–3780 Filed 2–14–02; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

Sunshine Act Meeting

Notice is hereby given, pursuant to

the provisions of the Government in the

Sunshine Act, Pub. L. 94–409, that the

Securities and Exchange Commission

will hold the following meetings during

the week of February 18, 2002: A closed

meeting will be held on Thursday,

February 21, 2002, at 10 a.m.

Commissioners, Counsel to the

Commissioners, the Secretary to the

Commission, and recording secretaries

will attend the closed meeting. Certain

staff members who have an interest in

the matters may also be present.

The General Counsel of the

Commission, or his designee, has

certified that, in his opinion, one or

more of the exemptions set forth in 5

U.S.C. 552b(c)(3), (5), (7), (9)(B), and

(10) and 17 CFR 200.402(a)(3), (5), (7),

9(ii) and (10), permit consideration of

the scheduled matters at the closed

meeting.

The subject matter of the closed

meeting scheduled for Thursday,

February 21, 2002, will be:

Institution and settlement of

injunctive actions;

Institution and settlement of

administrative proceedings of an

enforcement nature; and

Formal orders of investigation.

At times, changes in Commission

priorities require alterations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, matters have been added, deleted

or postponed, please contact: The Office

of the Secretary at (202) 942–7070.

Dated: February 12, 2002.

Jonathan G. Katz,

Secretary.

[FR Doc. 02–3829 Filed 2–12–02; 4:12 pm]

BILLING CODE 8010–01–P