18374 Federal Register / Vol. 62, No. 72 / Tuesday, April 15, 1997 / Notices

NUCLEAR REGULATORY

COMMISSION

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Nuclear

Regulatory Commission.

DATE: Weeks of April 14, 21, 28, May 5,

1997.

PLACE: Commissioners’ Conference

Room, 11555 Rockville Pike, Rockville,

Maryland.

STATUS: Public and Closed.

MATTERS TO BE CONSIDERED:

Week of April 14—Tentative

There are no meetings scheduled for

the Week of April 14.

Week of April 21

Wednesday, April 23

10:00 a.m.—Briefing on Millstone

(Public Meeting) (Contact: Gene

Imbro, 301–415–1490)

11:30 a.m.—Affirmation Session (Public

Meeting) (if needed)

1:30 p.m.—Briefing on Electric Grid

Reliability (Public Meeting)

(Contact: Ernie Rossi, 301–415–

7499)

Thursday, April 24

9:00 a.m.—Briefing on Electric Utility

Restructuring (Public Meeting)

(Contact: Bob Wood, 301–415–

1255)

1:30 p.m.—Briefing on Staff Response to

Arthur Andersen Study

Recommendations (Public Meeting)

(Contact: Rich Barrett, 301–415–

7482)

Friday, April 25

10:00 a.m.—Meeting with

Commonwealth Edison on

Response to 10 CFR 50.54 (F) Letter

(Public Meeting) (Contact: Bob

Capra, 301–415–1395)

Week of April 28—Tentative

Friday, May 2

9:00 a.m.—Meeting with Advisory

Committee on Reactor Safeguards

(ACRS) (Public Meeting) (Contact:

John Larkins, 301–415–7360)

10:30 a.m.—Meeting with Nuclear

Safety Research Review Committee

(NSRRC) (Public Meeting) (Contact:

Jose Cortez, 301–415–6596)

Noon—Affirmation Session (Public

Meeting) (if needed)

Week of May 5

Tuesday, May 6

2:00 p.m.—Briefing on PRA

Implementation Plan (Public

Meeting) (Contact: Gary Holahan,

301–415–2884)

Wednesday, May 7

2:00 p.m.—Briefing on IPE Insight

Report (Public Meeting)

3:30 p.m.—Affirmation Session (Public

Meeting) (if needed)

Thursday, May 8

9:00 a.m.—Meeting with Advisory

Committee on Medical Uses of

Isotopes (ACMUI) (Public Meeting)

(Contact: Larry Camper, 301–415–

7231)

*The schedule for Commission

meetings is subject to change on short

notice. To verify the status of meetings

call (RECORDING)—(301) 415–1292.

Contact person for more information:

Bill Hill (301) 415–1661.

The NRC Commission Meeting

Schedule can be found on the Internet

at: http://www.nrc.gov/SECY/smj/

schedule.htm

This notice is distributed by mail to

several hundred subscribers; if you no

longer wish to receive it, or would like

to be added to it, please contact the

Office of the Secretary, Attn: Operations

Branch, Washington, D.C. 20555 (301–

415–1661).

In addition, distribution of this

meeting notice over the internet system

is available. If you are interested in

receiving this Commission meeting

schedule electronically, please send an

electronic message to wmh@nrc.gov or

dkw@nrc.gov.

William M. Hill, Jr.,

SECY Tracking Officer, Office of the

Secretary.

[FR Doc. 97–9859 Filed 4–11–97; 2:34 pm]

BILLING CODE 7590–01–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).

DATES: The interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in April 1997. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occuring

in May 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 second quarter

(April through June) 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 April 1997 (i.e., 80 percent of the

yield figure for March 1997) is 5.54

percent. The following table lists the

assumed interest rates to be used in

determining variable-rate premiums for

premium payment years beginning

between May 1996 and April 1997.

For premium payment years

beginning in:

The

required

interest

rate is:

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

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

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

Aug. 1996 ..................................... 5.62

Sept. 1996 .................................... 5.47

Oct. 1996 ...................................... 5.62
Federal Register / Vol. 62, No. 72 / Tuesday, April 15, 1997 / Notices 18375

For premium payment years

beginning in:

The

required

interest

rate is:

Nov. 1996 ..................................... 5.45

Dec. 1996 ..................................... 5.18

Jan. 1997 ...................................... 5.24

Feb. 1997 ...................................... 5.46

Mar. 1997 ...................................... 5.35

Apr. 1997 ...................................... 5.54

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

second quarter (April through June) 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)

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

4/1/97 ................ 6/30/97 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 second

quarter (April through June) of 1997

(i.e., the rate reported for March 17,

1997) 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)

4/1/91 ................ 16/30/91 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

4/1/97 ................ 6/30/97 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 May

1997 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 April 1997.

John Seal,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 97–9595 Filed 4–14–97; 8:45 am]

BILLING CODE 7708–01–P

POSTAL SERVICE

Privacy Act of 1974, System of

Records

AGENCY: Postal Service.

ACTION: Notice of new system of records.

SUMMARY: This document publishes

notice of a new Privacy Act system of

records, Collection and Delivery

Records—Customer Public Key

Certificate Records, USPS 010.090. The

new system consists of an electronic

database containing limited information

about postal customers who have been

authorized public key certificates by the

Postal Service. A public key certificate

is a digital document that can be used

to validate the authenticity of a digitally

signed document sent by way of the

Internet, a service provider, or a valueadded network from one customer to

another. The Postal Service acts as the

certifying authority that assigns and

holds public key certificates for

participating customers, the records

subjects covered by this system.

DATES: Any interested party may submit

written comments on the proposed new

system of records. This proposal will

become effective without further notice

on May 27, 1997, unless comments

received on or before that date result in

a contrary determination.

ADDRESSES: Written comments on this

proposal should be mailed or delivered

to Payroll Accounting and Records,

United States Postal Service, 475

L’Enfant Plaza SW, Room 8650,

Washington, DC 20260–5243. Copies of

all written comments will be available

at the above address for public

inspection and photocopying between 8

a.m. and 4:45 p.m., Monday through

Friday.

FOR FURTHER INFORMATION CONTACT:

Betty E. Sheriff, (202) 268–2608.

SUPPLEMENTARY INFORMATION: The Postal

Service is conducting a pilot program

with several federal agencies. The Postal

Service’s role is to act as the certifying

authority by using and managing X.509

public key certificates containing a

person’s distinguished name, public

key, and other identifying information.

Under the program a customer applies

to a Registrar (a Postal Service authority)

to receive a Postal Service public key

certificate. Information collected

through the application process is

limited to the customer name, address,

phone number, electronic mail address,

signature, and payment information.

The Registrar then creates a key pair

consisting of a public key and a private

key. Keys are long, random, bit strings

that are unique to the user. That

application information, as well as a

distinguished name for the user, is

transmitted to the Postal Service

database covered by this system. The

database returns a signed certificate to

the Registrar, who enters it onto a disk

along with the distinguished name,

public key, and private key. The disk is