32072 Federal Register / Vol. 64, No. 114 /Tuesday, June 15, 1999 / Notices

For the Nuclear Regulatory Commission.

Roy P. Zimmerman,

Acting Director, Office of Nuclear Reactor

Regulation.

[FR Doc. 99–15103 Filed 6–14–99; 8:45 am]

BILLING CODE 7590–01–P

OFFICE OF MANAGEMENT AND

BUDGET

Amendments to Accounting for

Property, Plant, and Equipment—

Definitional Changes

AGENCY: Office of Management and

Budget.

ACTION: Notice of document availability.

SUMMARY: This Notice indicates the

availability of the eleventh Statement of

Federal Financial Accounting Standards

(SFFAS), ‘‘Amendments to Accounting

for Property, Plant, and Equipment—

Definitional Changes.’’ The statement

was recommended by the Federal

Accounting Standards Advisory Board

(FASAB) and adopted in its entirety by

the Office of Management and Budget

(OMB).

ADDRESSES: Copies of SFFAS No. 11,

‘‘Amendments to Accounting for

Property, Plant, and Equipment—

Definitional Changes,’’ may be obtained

for $2.25 each from the Superintendent

of Documents, Government Printing

Office, Washington, DC 20402–9325

(telephone 202–512–1800), Stock No.

041–001–00519–6.

FOR FURTHER INFORMATION CONTACT:

James Short (telephone: 202-395–3124),

Office of Federal Financial

Management, Office of Management and

Budget, 725 17th Street, N.W., Room

6025, Washington, DC 20503.

SUPPLEMENTARY INFORMATION: This

Notice indicates the availability of the

eleventh Statement of Federal Financial

Accounting Standards (SFFAS),

‘‘Amendments to Accounting for

Property, Plant, and Equipment—

Definitional Changes.’’ The standard

was recommended by the Federal

Accounting Standards Advisory Board

(FASAB) and adopted in its entirety by

the Office of Management and Budget

(OMB) on December 15, 1998.

Under a Memorandum of

Understanding among the General

Accounting Office, the Department of

the Treasury, and OMB on Federal

Government Accounting Standards, the

Comptroller General, the Secretary of

the Treasury, and the Director of OMB

decide upon accounting principles and

standards after considering the

recommendations of FASAB. After

agreement to specific principles and

standards, a notice of document

availability is published in the Federal

Register and distributed throughout the

Federal Government.

This Notice is available on the OMB

home page on the Internet which is

currently located at http://

www.whitehouse.gov/WH/EOP/omb,

under the caption ‘‘Federal Register

Submissions.’’

Norwood Jackson, Jr.,

Acting Controller.

[FR Doc. 99–15076 Filed 6–14–99; 8:45 am]

BILLING CODE 3110–01–P

PENSION BENEFIT GUARANTY

CORPORATION

Interest 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 interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in June 1999. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in July 1999.

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. (For TTY/TDD

users, 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 in

determining a single-employer plan’s

variable-rate premium. The 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 assumed interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in June 1999 is 4.94 percent (i.e., 85

percent of the 5.81 percent yield figure

for May 1999).

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between July

1998 and June 1999.

For premium payment years

beginning in:

The assumed

interest rate is:

July 1998 .............................. 4.85

August 1998 ......................... 4.83

September 1998 ................... 4.71

October 1998 ........................ 4.42

November 1998 .................... 4.26

December 1998 .................... 4.46

January 1999 ........................ 4.30

February 1999 ...................... 4.39

March 1999 ........................... 4.56

April 1999 ............................. 4.74

May 1999 .............................. 4.72

June 1999 ............................. 4.94

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 July

1999 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 7th day

of June 1999.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 99–14996 Filed 6–14–99; 8:45 am]

BILLING CODE 7708–01–P