Federal Register / Vol. 62, No. 11 / Thursday, January 16, 1997 / Notices 2401

For the Nuclear Regulatory Commission.

Marvin M. Mendonca,

Acting Director, Non-Power Reactors and

Decommissioning Project Directorate,

Division of Reactor Program Management,

Office of Nuclear Reactor Regulation.

[FR Doc. 97–1088 Filed 1–15–97; 8:45 am]

BILLING CODE 7590–01–P

Advisory Committee on Reactor

Safegiards

Subcommittee on Probabilistic Risk

Assessment; Meeting

The ACRS Subcommittee on

Probabilistic Risk Assessment will hold

a meeting on January 28, 1997, Room T–

2B1, 11545 Rockville Pike, Rockville,

Maryland.

The entire meeting will be open to

public attendance.

The agenda for the subject meeting

shall be as follows: Tuesday, January

28, 1997—8:30 a.m. until the conclusion

of business.

The Subcommittee will continue its

discussion of the NRC staff’s approach

to codify risk-informed, performancebased regulation through development

of Standard Review Plan (SRP) sections

and associated regulatory guides. The

purpose of this meeting is to gather

information, analyze relevant issues and

facts, and to formulate proposed

positions and actions, as appropriate,

for deliberation by the full Committee.

Oral statements may be presented by

members of the public with the

concurrence of the Subcommittee

Chairman; written statements will be

accepted and made available to the

Committee. Electronic recordings will

be permitted only during those portions

of the meeting that are open to the

public, and questions may be asked only

by members of the Subcommittee, its

consultants, and staff. Persons desiring

to make oral statements should notify

the cognizant ACRS staff engineer

named below five days prior to the

meeting, if possible, so that appropriate

arrangements can be made.

During the initial portion of the

meeting, the Subcommittee, along with

any of its consultants who may be

present, may exchange preliminary

views regarding matters to be

considered during the balance of the

meeting.

The Subcommittee will then hear

presentations by and hold discussions

with representatives of the NRC staff, its

consultants, and other interested

persons regarding this review.

Further information regarding topics

to be discussed, whether the meeting

has been cancelled 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

ACRS staff engineer, Mr. Michael T.

Markley (telephone 301/415–6885)

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

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

potential changes to the agenda, etc.,

that may have occurred.

Dated: January 10, 1997.

Sam Duraiswamy,

Chief Nuclear Reactors Branch.

[FR Doc. 97–1091 Filed 1–15–97; 8:45 am]

BILLING CODE 7590–01–P

PEACE CORPS

Information Collection Requests Under

OMB Review

AGENCY: Peace Corps.

ACTION: Notice of public use form

review request to the Office of

Management and Budget (0420–0007).

SUMMARY: The Associate Director for

Management invites comments on

information collection requests as

required pursuant to the Paperwork

Reduction Act (44 U.S.C. chapter 35).

This notice announces that the Peace

Corps has submitted to the Office of

Management and Budget a request to

approve the continued use of the Peace

Corps Request for Information Card

(PC–1741). The initial Federal Register

notice was published on November 21,

1996 (pp. 59251). A copy of the

information collected may be obtained

from Stephen R. Abbott, Office of

Communications, Marketing

Department, United States PEACE

CORPS, 1990 K Street, NW.,

Washington, DC 20526. Mr. Abbott may

be contacted by telephone at (202) 606–

3780. Peace Corps invites comments on

whether the proposed collection of

information is necessary for proper

performance of the functions of the

Peace Corps, including whether the

information will have practical use; the

accuracy of the agency’s estimate of the

burden of the proposed collection of

information, including the validity of

the methodology and assumptions used;

ways to enhance the quality, utility and

clarity of the information to be

collected; and, ways to minimize the

burden of the collection of information

on those who are to respond, including

through the use of automated collection

techniques, when appropriate, and other

forms of information technology.

Comments on these forms should be

addressed to Victoria Becker Wassmer,

Desk Officer, Office of Management and

Budget, NEOB, Washington, DC 20503.

Information Collection Abstract

Title: Peace Corps Request for

Information Card.

Need for and Use of This Information:

Peace Corps needs this information in

order to identify prospective applicants

for Volunteer service. The information

is used to determine what program

specific information to send to

interested individuals.

Respondents: Individuals interested

in learning more about Peace Corps

service.

Respondents Obligation to Reply:

Voluntary.

Burden on the Public:

a. Annual reporting burden: 1,021 hrs.

b. Annual record keeping burden: 0

hrs.

c. Estimated average burden per

response: 1.75 min.

d. Frequency of response: one time.

e. Estimated number of likely

respondents: 35,000.

f. Estimated cost to respondents:

$0.35.

This notice is issued in Washington, DC,

on January 13, 1997.

Stanley D. Suyat,

Associate Director for Management.

[FR Doc. 97–1103 Filed 1–15–97; 8:45 am]

BILLING CODE 6051–01–M

PENSION BENEFIT GUARANTY

CORPORATION

Interest Assumption for Determining

Variable-Rate Premium; Interest on

Late Premium Payments; Interest on

Underpayments and Overpayments of

Single-Employer Plan Termination

Liability and Multiemployer Withdrawal

Liability; 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 home

page (http://www.pbgc.gov).
2402 Federal Register / Vol. 62, No. 11 / Thursday, January 16, 1997 / Notices

DATES: The interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in January 1997. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in February 1997. The interest rates for

late premium payments under part 4007

and for underpayments and

overpayments of single-employer plan

termination liability under part 4062

and multiemployer withdrawal liability

under part 4219 apply to interest

accruing during the first quarter

(January through March) of 1997.

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 (202–326–4179

for TTY and TDD).

SUPPLEMENTARY INFORMATION:

Variable-Rate Premiums

Section 4006(a)(3)(E)(iii)(II) of the

Employee Retirement Income Security

Act of 1974 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 a specified

percentage (currently 80 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 January 1997 (i.e., 80 percent of the

yield figure for December 1996) is 5.24

percent. The following table lists the

assumed interest rates to be used in

determining variable-rate premiums for

premium payment years beginning

between February 1996 and January

1997.

For premium payment years

beginning in

The required

interest

rate is

February 1996 ................................ 4.84

March 1996 ..................................... 4.99

April 1996 ........................................ 5.28

May 1996 ........................................ 5.43

June 1996 ....................................... 5.54

July 1996 ........................................ 5.65

August 1996 .................................... 5.62

September 1996 ............................. 5.47

For premium payment years

beginning in

The required

interest

rate is

October 1996 .................................. 5.62

November 1996 .............................. 5.45

December 1996 .............................. 5.18

January 1997 .................................. 5.24

Late Premium Payments;

Underpayments and Overpayments of

Single-employer Plan Termination

Liability

Section 4007(b) of ERISA and

§ 4007.7(a) of the PBGC’s regulation on

Payment of Premiums (29 CFR part

4007) require the payment of interest on

late premium payments at the rate

established under section 6601 of the

Internal Revenue Code. Similarly,

§ 4062.7 of the PBGC’s regulation on

Liability for Termination of Singleemployer Plans (29 CFR part 4062)

requires that interest be charged or

credited at the section 6601 rate on

underpayments and overpayments of

employer liability under section 4062 of

ERISA. The section 6601 rate is

established periodically (currently

quarterly) by the Internal Revenue

Service. The rate applicable to the first

quarter (January through March) of

1997, as announced by the IRS, is 9

percent.

The following table lists the late

payment interest rates for premiums and

employer liability for the specified time

periods:

From— Through—

Interest

rate

(percent)

10/1/89 ...................... 3/31/91 11

4/1/91 ........................ 12/31/91 10

1/1/92 ........................ 3/31/92 9

4/1/92 ........................ 9/30/92 8

10/1/92 ...................... 6/30/94 7

7/1/94 ........................ 9/30/94 8

10/1/94 ...................... 3/31/95 9

4/1/95 ........................ 6/30/95 10

7/1/95 ........................ 3/31/96 9

4/1/96 ........................ 6/30/96 8

7/1/96 ........................ 12/31/96 9

1/1/97 ........................ 3/31/97 9

Underpayments and Overpayments of

Multiemployer Withdrawal Liability

Section 4219.32(b) of the PBGC’s

regulation on Notice, Collection, and

Redetermination of Withdrawal

Liability (29 CFR part 4219) specifies

the rate at which a multiemployer plan

is to charge or credit interest on

underpayments and overpayments of

withdrawal liability under section 4219

of ERISA unless an applicable plan

provision provides otherwise. For

interest accruing during any calendar

quarter, the specified rate is the average

quoted prime rate on short-term

commercial loans for the fifteenth day

(or the next business day if the fifteenth

day is not a business day) of the month

preceding the beginning of the quarter,

as reported by the Board of Governors

of the Federal Reserve System in

Statistical Release H.15 (‘‘Selected

Interest Rates’’). The rate for the first

quarter (January through March) of 1997

(i.e., the rate reported for December 16,

1996) is 8.25 percent.

The following table lists the

withdrawal liability underpayment and

overpayment interest rates for the

specified time periods:

From Through

Rate

(percent)

4/1/90 ........................ 3/31/91 10.00

4/1/91 ........................ 6/30/91 9.00

7/1/91 ........................ 9/30/91 8.50

10/1/91 ...................... 12/31/91 8.00

1/1/92 ........................ 3/31/92 7.50

4/1/92 ........................ 9/30/92 6.50

10/1/92 ...................... 6/30/94 6.00

7/1/94 ........................ 9/30/94 7.25

10/1/94 ...................... 12/31/94 7.75

1/1/95 ........................ 3/31/95 8.50

4/1/95 ........................ 9/30/95 9.00

10/1/95 ...................... 3/31/96 8.75

4/1/96 ........................ 12/31/96 8.25

1/1/97 ........................ 3/31/97 8.25

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

February 1997 under part 4044 are

contained in an amendment to part 4044

published on page 2016 in yesterday’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 January 1997.

Martin Slate

Executive Director, Pension Benefit Guaranty

Corporation

[FR Doc. 97–1063 Filed 1–15–97; 8:45 am]

BILLING CODE 7708–01–P