32650 Federal Register / Vol. 66, No. 116 / Friday, June 15, 2001 / Notices

technological collection techniques or

other forms of information technology,

e.g., permitting electronic submission of

responses.

Issued in Washington, DC, this 12 day of

June, 2001.

Stuart A. Sirkin,

Director, Corporate Policy and Research

Department, Pension Benefit Guaranty

Corporation.

[FR Doc. 01–15158 Filed 6–14–01; 8:45 am]

BILLING CODE 7708–01–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 2001. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in July 2001.

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 2001 is 4.91 percent (i.e., 85

percent of the 5.78 percent yield figure

for May 2001).

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between July

2000 and June 2001.

For premium payment

years beginning in:

The assumed

interest rate

is:

July 2000 .................................. 5.04

August 2000 ............................. 4.97

September 2000 ....................... 4.86

October 2000 ............................ 4.96

November 2000 ........................ 4.93

December 2000 ........................ 4.91

January 2001 ............................ 4.67

February 2001 .......................... 4.71

March 2001 ............................... 4.63

April 2001 ................................. 4.54

May 2001 .................................. 4.80

June 2001 ................................. 4.91

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

2001 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 11th day

of June 2001.

John Seal,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 01–15157 Filed 6–14–01; 8:45 am]

BILLING CODE 7708–01–P

PENSION BENEFIT GUARANTY

CORPORATION

Proposed Submission of Information

Collections for OMB Review; Comment

Request; Multiemployer Plan

Regulations

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Notice of intention to request

extension of OMB approval.

SUMMARY: The Pension Benefit Guaranty

Corporation (PBGC) intends to request

that the Office of Management and

Budget (OMB) extend approval, under

the Paperwork Reduction Act, of

collections of information in the PBGC’s

regulations on multiemployer plans

under the Employee Retirement Income

Security Act of 1974 (ERISA). This

notice informs the public of the PBGC’s

intent and solicits public comment on

the collections of information.

DATES: Comments must be submitted by

August 14, 2001.

ADDRESSES: Comments may be mailed to

the Office of the General Counsel, suite

340, Pension Benefit Guaranty

Corporation, 1200 K Street, NW.,

Washington, DC 20005–4026, or

delivered to that address between 9 a.m.

and 4 p.m. on business days. Written

comments will be available for public

inspection at the PBGC’s

Communications and Public Affairs

Department, suite 240 at the same

address, between 9 a.m. and 4 p.m. on

business days.

Copies of the collection of

information may be obtained without

charge by writing to the PBGC’s

Communications and Public Affairs

Department at the address given above

or calling 202–326–4040. (For TTY and

TDD, call 800–877–8339 and request

connection to 202–326–4040). The

regulations on multiemployer plans can

be accessed on the PBGC’s Web site at

http://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT:

Deborah C. Murphy, Attorney, Office of

the General Counsel, Pension Benefit

Guaranty Corporation, 1200 K Street,

NW., Washington, DC 20005–4026, 202–

326–4024. (For TTY/TDD users, call the

Federal relay service toll-free at 1–800–

877–8339 and ask to be connected to

202–326–4024.)

SUPPLEMENTARY INFORMATION: An agency

may not conduct or sponsor, and a

person is not required to respond to, a

collection of information unless it

displays a currently valid OMB control

number. OMB has approved and issued

control numbers for the collections of

information, described below, in the