34736 Federal Register / Vol. 67, No. 94 / Wednesday, May 15, 2002 / Notices 

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 May 2002. 

The interest assumptions for performing 

multiemployer plan valuations 

following mass withdrawal under part 

4281 apply to valuation dates occurring 

in June 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 

100 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 May 2002 is 5.68 percent. 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between June 

2001 and May 2002.

For premium payment years 

beginning in 

The required interest rate is 

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 ............................ 5.48 

February 2002 .......................... 5.45 

March 2002 ............................... 5.40 

April 2002 ................................. 5.71 

May 2002 .................................. 5.68 

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 June 

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 10th day 

of May 2002. 

Steven A. Kandarian, 

Executive Director, Pension Benefit Guaranty 

Corporation.

[FR Doc. 02–12159 Filed 5–14–02; 8:45 am] 

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OFFICE OF PERSONNEL 

MANAGEMENT 

Submission for OMB Review; 

Comment Request for an Emergency 

Information Collection: Website 

Customer Satisfaction Survey

AGENCY: Office of Personnel 

Management.

ACTION: Notice.

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 (Pub. 

L. 104–13, May 22, 1995), this notice 

announces that the Office of Personnel 

Management (OPM) will submit to the 

Office of Management and Budget 

(OMB) an emergency request for review 

of a new information collection. The 

Website Customer Satisfaction Survey 

satisfies the requirements of Executive 

Order 12862 and the guidelines set forth 

in OMB’s Resources Manual for 

Customer Surveys. 

The completed survey will be webbased (electronic). We estimate 

approximately 300,000 surveys will be 

completed during the survey period. 

The time estimate is 7 minutes. The 

annual estimated burden is 35,000 

hours. 

Comments are particularly invited on: 

• Whether this collection of 

information is necessary for the proper 

performance of functions of the Office of 

Personnel Management, and whether it 

will have practical utility; 

• Whether our estimate of the public 

burden of this collection of information 

is accurate and based on valid 

assumptions and methodology; and 

• Ways in which we can minimize 

the burden of the collection of 

information on those who respond 

through the use of appropriate 

technological collection techniques or 

other forms of information technology. 

For copies of this proposal, contact 

Mary Beth Smith-Toomey on FAX (202) 

418–3251 or e-mail 

mbtoomey,@opm.gov. Please include a 

mailing address with your request.

DATES: Comments on this proposal 

should be received within 3 calendar 

days from the date of this publication. 

We request OMB to take action within 

15 calendar days of the close of this 

Notice.

ADDRESSES: Send or deliver comments 

to: Mary Beth Smith-Toomey, OPM PRA 

Officer, U.S. Office of Personnel 

Management, 1900 E St., NW, Room 

5415, Washington, DC 20415, and 

Joseph Lackey, OPM Desk Officer, 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office Building 

NW, Room 10235, Washington, DC 

20503.

Office of Personnel Management. 

Kay Coles James, 

Director.

[FR Doc. 02–12078 Filed 5–14–02; 8:45 am] 

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