Federal Register / Vol. 72, No. 93 / Tuesday, May 15, 2007 / Notices 27339 

personnel rules and practices of the 

ACRS, and information the release of 

which would constitute a clearly 

unwarranted invasion of personal 

privacy. 

The agenda for the subject meeting 

shall be as follows: 

Tuesday, June 5, 2007, 8:30 a.m.–10 

a.m. 

The Subcommittee will discuss 

proposed ACRS activities and related 

matters. The Subcommittee will gather 

information, analyze relevant issues and 

facts, and formulate proposed positions 

and actions, as appropriate, for 

deliberation by the full Committee. 

Members of the public desiring to 

provide oral statements and/or written 

comments should notify the Designated 

Federal Official, Mr. Sam Duraiswamy 

(telephone: 301–415–7364) between 

7:30 a.m. and 4 p.m. (ET) five days prior 

to the meeting, if possible, so that 

appropriate arrangements can be made. 

Electronic recordings will be permitted 

only during those portions of the 

meeting that are open to the public. 

Further information regarding this 

meeting can be obtained by contacting 

the Designated Federal Official between 

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

planning to attend this meeting are 

urged to contact the above named 

individual at least two working days 

prior to the meeting to be advised of any 

potential changes in the agenda. 

Dated: May 8, 2007. 

Cayetano Santos, 

Branch Chief, ACRS. 

[FR Doc. E7–9309 Filed 5–14–07; 8:45 am] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISSION 

Sunshine Act Federal Register Notice 

Agency Holding the Meetings: Nuclear 

Regulatory Commission. 

DATES: Weeks of May 14, 21, 28, June 4, 

11, 18, 2007. 

PLACE: Commissioners’ Conference 

Room, 11555 Rockville Pike, Rockville, 

Maryland. 

STATUS: Public and Closed. 

Matters to be Considered 

Week of May 14, 2007 

Monday, May 14, 2007 

12:45 p.m. 

Affirmation Session (Public Meeting) 

(Tentative). 

a. Final Rule: Requirements for 

Expanded Definition of Byproduct 

Material (RIN: 3150–AH84) 

(Tentative). 

Week of May 21, 2007—Tentative 

There are no meetings scheduled for 

the week of May 21, 2007. 

Week of May 28, 2007—Tentative 

Tuesday, May 29, 2007 

1:30 p.m. 

NRC All Hands Meeting (Public 

Meeting) (Contact: Rickie Seltzer, 

301–415–1728), Marriott Bethesda 

North Hotel, Salons A-E, 5701 

Marinelli Road, Rockville, MD 

20852. 

Wednesday, May 30, 2007 

9:30 a.m. 

Briefing on Results of the Agency 

Action Review Meeting (AARM)—

Materials (Public Meeting) (Contact: 

Duane White, 301–415–6272). 

This meeting will be webcast live at 

the Web address—www.nrc.gov. 

10:15 a.m. 

Discussion of Security Issues 

(Closed—Ex.1). 

Thursday, May 31, 2007 

9 a.m. 

Briefing on Results of the Agency 

Action Review Meeting (AARM)—

Reactors (Public Meeting) (Contact: 

Mark Tonacci, 301–415–4045). 

This meeting will be webcast live at 

the Web address—www.nrc.gov. 

Week of June 4, 2007—Tentative 

Thursday, June 7, 2007 

1:30 p.m. 

Meeting with the Advisory Committee 

on Reactor Safeguards (ACRS) 

(Public Meeting) (Contact: Frank 

Gillespie, 301–415–7360). 

This meeting will be webcast live at 

the Web address—www.nrc.gov. 

Week of June 11, 2007—Tentative 

There are no meetings scheduled for 

the week of June 11, 2007. 

Week of June 18, 2007—Tentative 

There are no meetings scheduled for 

the week of June 18, 2007. 

* * * * * 

* 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: 

Michelle Schroll, (301) 415–1662. 

* * * * * 

The NRC Commission Meeting 

Schedule can be found on the Internet 

at: www.nrc.gov/about-nrc/policymaking/schedule.html. 

* * * * * 

The NRC provides reasonable 

accommodation to individuals with 

disabilities where appropriate. If you 

need a reasonable accommodation to 

participate in these public meetings, or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g., 

braille, large print), please notify the 

NRC’s Disability Program Coordinator, 

Deborah Chan, at 301–415–7041, TDD: 

301–415–2100, or by e-mail at 

DLC@nrc.gov. Determinations on 

requests for reasonable accommodation 

will be made on a case-by-case basis. 

* * * * * 

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 the distribution, please 

contact the Office of the Secretary, 

Washington, DC 20555 (301–415–1969). 

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 dkw@nrc.gov. 

Dated: May 10, 2007. 

R. Michelle Schroll, 

Office of the Secretary. 

[FR Doc. 07–2402 Filed 5–11–07; 12:13 pm] 

BILLING CODE 7590–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium for 

Single-Employer Plans; 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 May 2007. 

The interest assumptions for performing 

multiemployer plan valuations 

following mass withdrawal under part 


cprice-sewell on PROD1PC62 with NOTICES
27340 Federal Register / Vol. 72, No. 93 / Tuesday, May 15, 2007 / Notices 

1All entities that currently intend to rely on the 

requested order are named as applicants and any 

other entity that relies on the order in the future 

will comply with the terms and conditions of the 

application. Applicants request that the relief also 

apply to any other existing or future registered 

open-end management investment company that is 

part of the same group of investment companies, as 

defined in section 12(d)(1)(G) of the Act, as the 

Investment Companies (included in the term 

‘‘Investment Companies’’). Each series of an 

Investment Company is referred to as ‘‘Fund’’ and 

collectively as ‘‘Funds.’’

4281 apply to valuation dates occurring 

in June 2007. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Manager, Regulatory 

and Policy Division, 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. Pursuant to the Pension 

Protection Act of 2006, for premium 

payment years beginning in 2006 or 

2007, the required interest rate is the 

‘‘applicable percentage’’ 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 (the ‘‘premium payment 

year’’). 

On February 2, 2007 (at 72 FR 4955), 

the Internal Revenue Service (IRS) 

published final regulations containing 

updated mortality tables for determining 

current liability under section 412(l)(7) 

of the Code and section 302(d)(7) of 

ERISA for plan years beginning on or 

after January 1, 2007. As a result, in 

accordance with section 

4006(a)(3)(E)(iii)(II) of ERISA, the 

‘‘applicable percentage’’ to be used in 

determining the required interest rate 

for plan years beginning in 2007 is 100 

percent. 

The required interest rate to be used 

in determining variable-rate premiums 

for premium payment years beginning 

in May 2007 is 5.98 percent (i.e., 100 

percent of the 5.98 percent composite 

corporate bond rate for April 2007 as 

determined by the Treasury). 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between June 

2006 and May 2007. 

For premium payment years 

beginning in: 

The required 

interest rate is: 

June 2006 ............................. 5.35 

July 2006 .............................. 5.36 

August 2006 ......................... 5.36 

For premium payment years 

beginning in: 

The required 

interest rate is: 

September 2006 ................... 5.19 

October 2006 ........................ 5.06 

November 2006 .................... 5.05 

December 2006 .................... 4.90 

January 2007 ........................ 5.75 

February 2007 ...................... 5.89 

March 2007 ........................... 5.85 

April 2007 ............................. 5.84 

May 2007 .............................. 5.98 

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 June 

2007 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 10th day 

of May 2007. 

Vincent K. Snowbarger, 

Interim Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. E7–9342 Filed 5–14–07; 8:45 am] 

BILLING CODE 7709–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

27820; 812–13304] 

Van Eck Worldwide Insurance Trust, et 

al.; Notice of Application 

May 9, 2007. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of application for an 

order under sections 6(c) and 17(b) of 

the Act for an exemption from section 

17(a) of the Investment Company Act of 

1940 (‘‘Act’’) and under section 

12(d)(1)(J) of the Act for an exemption 

from sections 12(d)(1)(A) and (B). 

Summary of the Application: The 

order would permit certain registered 

open-end management investment 

companies to acquire shares of other 

registered open-end management 

investment companies and unit 

investment trusts (‘‘UITs’’) that are 

within and outside the same group of 

investment companies. 

Applicants: Van Eck Worldwide 

Insurance Trust (‘‘WWIT’’), Van Eck 

Funds (‘‘Van Eck Funds’’) and Van Eck 

Funds, Inc. (‘‘Van Eck Funds II’’) 

(together, the ‘‘Investment Companies’’) 

and Van Eck Associates Corporation 

(‘‘Adviser’’).1

DATES: Filing Dates: The application was 

filed on June 16, 2006, and amended on 

May 3, 2007. Hearing or Notification of 

Hearing: An order granting the 

application will be issued unless the 

Commission orders a hearing. Interested 

persons may request a hearing by 

writing to the Commission’s Secretary 

and serving applicants with a copy of 

the request, personally or by mail. 

Hearing requests should be received by 

the Commission by 5:30 p.m. on May 

31, 2007, and should be accompanied 

by proof of service on applicants in the 

form of an affidavit or, for lawyers, a 

certificate of service. Hearing requests 

should state the nature of the writer’s 

interest, the reason for the request, and 

the issues contested. Persons who wish 

to be notified of a hearing may request 

notification by writing to the 

Commission’s Secretary. 

ADDRESSES: Secretary, Commission, 100 

F Street, NE., Washington, DC 20549–

9303. Applicants: Joseph McBrien, Esq., 

Van Eck Associates Corporation, 99 Park 

Avenue, New York, New York 10016. 

FOR FURTHER INFORMATION CONTACT: 

Emerson S. Davis, Sr., Senior Counsel, 

at (202) 551–6868, or Nadya B. Roytblat, 

Assistant Director, at (202) 551–6821 

(Office of Investment Company 

Regulation, Division of Investment 

Management). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained for a fee at the 

Commission’s Public Reference Desk, 

100 F Street, NE., Washington, DC 

20549–0102 (telephone (202) 551–5850). 

Applicants’ Representations 

1. WWIT is a Massachusetts business 

trust and is registered under the Act as 

an open-end management investment 

company. WWIT currently consists of 

five Funds, each with its own 

investment objective and policies. 

Shares of each WWIT Fund are 

currently offered and sold through 


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