Federal Register / Vol. 71, No. 72 / Friday, April 14, 2006 / Notices 19567 

Executive Director, OSHRC, 1120 20th 

Street, NW., Ninth Floor, Washington, 

DC 20036–3457. For an explanation on 

how such requests should be drafted, 

refer to 29 CFR 2400.5 (notification), 

and 29 CFR 2400.6 (procedures for 

requesting records). 

CONTESTING RECORD PROCEDURES: 

Individuals who wish to contest their 

records should notify: Executive 

Director, OSHRC, 1120 20th Street, 

NW., Ninth Floor, Washington, DC 

20036–3457. For an explanation on the 

specific procedures for contesting the 

contents of a record, refer to 29 CFR 

2400.7 (procedures for requesting 

amendment). 

RECORD SOURCE CATEGORIES: 

Information in this system of records 

comes from the individual to whom the 

record pertains. 

EXEMPTIONS CLAIMED FOR THE SYSTEM: 

None. 

Dated: April 6, 2006. 

W. Scott Railton, 

Chairman. 

[FR Doc. E6–5541 Filed 4–13–06; 8:45 am] 

BILLING CODE 7600–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium for 

Single-Employer Plans; 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 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 April 2006. 

The interest assumptions for performing 

multiemployer plan valuations 

following mass withdrawal under part 

4281 apply to valuation dates occurring 

in May 2006. 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 2006. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Attorney, Legislative 

and Regulatory Department, Pension 

Benefit Guaranty Corporation, 1200 K 

Street, NW., Washington, DC 20005, 

202–326–4024. (TTY/TDD users may 

call the Federal relay service toll-free 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 required 

interest rate to be used in determining 

variable-rate premiums for premium 

payment years beginning in April 2006 

is 4.02 percent (i.e., 85 percent of the 

4.73 percent Treasury Securities Rate for 

March 2006). 

The Pension Funding Equity Act of 

2004 (‘‘PFEA’’)—under which the 

required interest rate is 85 percent of the 

annual rate of interest determined by 

the Secretary of the Treasury on 

amounts invested conservatively in 

long-term investment grade corporate 

bonds for the month preceding the 

beginning of the plan year for which 

premiums are being paid—applies only 

for premium payment years beginning 

in 2004 or 2005. Congress is considering 

legislation that would extend the PFEA 

rate for one more year. If legislation that 

changes the rules for determining the 

required interest rate for plan years 

beginning in April 2006 is adopted, the 

PBGC will promptly publish a Federal 

Register notice with the new rate. 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between May 

2005 and April 2006. 

For premium payment years 

beginning in: 

The required 

interest rate is: 

(percent) 

May 2005 .............................. 4.72 

June 2005 ............................. 4.60 

July 2005 .............................. 4.47 

August 2005 ......................... 4.56 

September 2005 ................... 4.61 

October 2005 ........................ 4.62 

November 2005 .................... 4.83 

December 2005 .................... 4.91 

January 2006 ........................ 3.95 

February 2006 ...................... 3.90 

March 2006 ........................... 3.89 

April 2006 ............................. 4.02 

Late Premium Payments; 

Underpayments and Overpayments of 

Single-Employer Plan Termination 

Liability 

Section 4007(b) of ERISA and section 

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, 

section 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 

2006, as announced by the IRS, is 7 

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) 

4/1/00 ................ 3/31/01 9 

4/1/01 ................ 6/30/01 8 

7/1/01 ................ 12/31/01 7 

1/1/02 ................ 12/31/02 6 

1/1/03 ................ 9/30/03 5 

10/1/03 .............. 3/31/04 4 

4/1/04 ................ 6/30/04 5 

7/1/04 ................ 9/30/04 4 

10/1/04 .............. 3/31/05 5 

4/1/05 ................ 9/30/05 6 

10/1/05 .............. 6/30/06 7 

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 


wwhite on PROD1PC65 with NOTICES
19568 Federal Register / Vol. 71, No. 72 / Friday, April 14, 2006 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

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 2006 

(i.e., the rate reported for March 15, 

2005) is 7.50 percent. 

The following table lists the 

withdrawal liability underpayment and 

overpayment interest rates for the 

specified time periods: 

From— Through— Interest rate 

(percent) 

4/1/00 ................ 6/30/00 8.75 

7/1/00 ................ 3/31/01 9.50 

4/1/01 ................ 6/30/01 8.50 

7/1/01 ................ 9/30/01 7.00 

10/1/01 .............. 12/31/01 6.50 

1/1/02 ................ 12/31/02 4.75 

1/1/03 ................ 9/30/03 4.25 

10/1/03 .............. 9/30/04 4.00 

10/1/04 .............. 12/31/04 4.50 

1/1/05 ................ 3/31/05 5.25 

4/1/05 ................ 6/30/05 5.50 

7/1/05 ................ 9/30/05 6.00 

10/1/05 .............. 12/31/05 6.50 

1/1/06 ................ 3/31/06 7.25 

4/1/06 ................ 6/30/06 7.50 

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 

2006 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 April 2006. 

Vincent K. Snowbarger, 

Deputy Executive Director, Pension Benefit 

Guaranty Corporation. 

[FR Doc. 06–3571 Filed 4–13–06; 8:45 am] 

BILLING CODE 7709–01–P 

RAILROAD RETIREMENT BOARD 

Agency Forms Submitted for OMB 

Review 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 (44 

U.S.C. Chapter 35), the Railroad 

Retirement Board (RRB) has submitted 

the following proposal(s) for the 

collection of information to the Office of 

Management and Budget for review and 

approval. 

Summary of Proposal(s) 

(1) Collection title: Nonresident 

Questionnaire. 

(2) Form(s) submitted: RRB–1001. 

(3) OMB Number: 3220–0145. 

(4) Expiration date of current OMB 

clearance: 7/31/2006. 

(5) Type of request: Extension of a 

currently approved collection. 

(6) Respondents: Individuals or 

households. 

(7) Estimated annual number of 

respondents: 1,300. 

(8) Total annual responses: 1,300. 

(9) Total annual reporting hours: 650. 

(10) Collection description: Under the 

Railroad Retirement Act, the benefits 

payable to an annuitant living outside 

the United States may be subject to 

withholding under Public Laws 98–21 

and 98–76. The form obtains the 

information needed to determine the 

amount to be withheld. 

Additional Information or Comments: 

Copies of the forms and supporting 

documents can be obtained from 

Charles Mierzwa, the agency clearance 

officer (312–751–3363) or 

Charles.Mierzwa@rrb.gov. 

Comments regarding the information 

collection should be addressed to 

Ronald J. Hodapp, Railroad Retirement 

Board, 844 North Rush Street, Chicago, 

Illinois 60611–2092 or 

Ronald.Hodapp@rrb.gov and to the 

OMB Desk Officer for the RRB, at the 

Office of Management and Budget, 

Room 10230, New Executive Office 

Building, Washington, DC 20503. 

Charles Mierzwa, 

Clearance Officer. 

[FR Doc. E6–5540 Filed 4–13–06; 8:45 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting Notice 

FEDERAL REGISTER CITATION OF PREVIOUS

ANNOUNCEMENT: [71 FR 18788, April 12, 

2006] 

STATUS: Closed Meeting. 

PLACE: 100 F Street, NE., Washington, 

DC. 

ANNOUNCEMENT OF ADDITIONAL MEETING: 

Additional Meeting (Week of April 10, 

2006). 

A Closed Meeting has been scheduled 

for Thursday, April 13, 2006 at 9 a.m. 

Commissioners and certain staff 

members who have an interest in the 

matter will attend the Closed Meeting. 

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)(5), (7), (9)(B) and (10) 

and 17 CFR 200.402(a)(5), (7), 9(ii) and 

(10) permit consideration of the 

scheduled matter at the Closed Meeting. 

Commissioner Glassman, as duty 

officer, voted to consider the items 

listed for the closed meeting in closed 

session, and determined that no earlier 

notice thereof was possible. 

The subject matter of the Closed 

Meeting scheduled for Thursday, April 

13, 2006 will be: Institution and 

settlement of injunctive actions. 

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) 551–5400. 

Dated: April 12, 2006. 

Nancy M. Morris, 

Secretary. 

[FR Doc. 06–3652 Filed 4–12–06; 3:48 pm] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–53621; File No. SR–CBOE–

2006–32] 

Self-Regulatory Organizations; 

Chicago Board Options Exchange, 

Incorporated; Notice of Filing and 

Order Granting Accelerated Approval 

of Proposed Rule Change and 

Amendment No. 1 Thereto To List for 

Trading Options on the iShares MSCI 

Emerging Markets Index Fund 

April 10, 2006. 

Pursuant to section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on April 5, 

2006, the Chicago Board Options 

Exchange, Incorporated (‘‘CBOE’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 


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