Federal Register / Vol. 72, No. 198 / Monday, October 15, 2007 / Notices 58339 

methods to develop and quantitatively 

assess reliability models of digital 

systems. As part of this work, BNL will 

apply two selected traditional methods 

to two benchmark digital systems. The 

initial tasks in the BNL project, 

including preparatory work for 

developing the reliability models of the 

first benchmark system, are addressed 

in draft NUREG/CR–XXXX, 

‘‘Approaches for Using Traditional 

Probabilistic Risk Assessment Methods 

for Digital Systems.’’ This notice 

announces the availability of the draft 

NUREG/CR for public comment. 

DATES: Please submit comments on 

NUREG/CR–XXXX, ‘‘Approaches for 

Using Traditional Probabilistic Risk 

Assessment Methods for Digital 

Systems,’’ by November 14, 2007. 

Comments received after this date will 

be considered if practical to do so, but 

the NRC staff is able to ensure 

consideration only for those comments 

received on or before this date. 

ADDRESSES: NUREG/CR–XXXX, 

‘‘Approaches for Using Traditional 

Probabilistic Risk Assessment Methods 

for Digital Systems,’’ is available for 

inspection and copying for a fee at the 

NRC’s Public Document Room (PDR), 

Public File Area O–1F21, One White 

Flint North, 11555 Rockville Pike, 

Rockville, Maryland. Publicly available 

documents created or received at the 

NRC after November 1, 1999, are 

available electronically at the NRC’s 

Electronic Reading Room at http:// 

www.nrc.gov/NRC/ADAMS/index.html. 

From this site, the public can gain entry 

into the NRC’s Agencywide Document 

Access and Management System 

(ADAMS), which provides text and 

image files of the NRC’s public 

documents. The ADAMS Accession 

Numbers for NUREG/CR–XXXX, 

‘‘Approaches for Using Traditional 

Probabilistic Risk Assessment Methods 

for Digital Systems,’’ are ML072690235 

(main report) and ML072690238 

(appendices). If you do not have access 

to ADAMS or if there are problems in 

accessing the documents located in 

ADAMS, contact the NRC PDR 

Reference staff at 1–800–397–4209, 301–

415–4737, or by e-mail to pdr@nrc.gov. 

This document will also be posted on 

the NRC’s public Web site at: http:// 

www.nrc.gov/about-nrc/regulatory/ 

research/digital/techreference.html#one. 

Please submit comments to Chief, 

Rulemaking, Directives and Editing 

Branch, Division of Administrative 

Services, Office of Administration, U.S. 

Nuclear Regulatory Commission, 

Washington, DC 20555–0001. You may 

also deliver comments to 11545 

Rockville Pike, Rockville, MD, between 

7:30 a.m. and 4:30 p.m. Federal 

workdays, or by e-mail to: 

nrcrep@nrc.gov. 

FOR FURTHER INFORMATION CONTACT: 

Alan Kuritzky, Office of Nuclear 

Regulatory Research, U.S. Nuclear 

Regulatory Commission, Washington, 

DC 20555–0001, telephone (301) 415–

6255, e-mail: ask1@nrc.gov. 

Dated at Rockville, Maryland, this 9th day 

of October, 2007. 

For the U.S. Nuclear Regulatory 

Commission. 

Christiana Lui, 

Director, Division of Risk Analysis, Office of 

Nuclear Regulatory Research. 

[FR Doc. E7–20301 Filed 10–12–07; 8:45 am] 

BILLING CODE 7590–01–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 October 

2007. The interest assumptions for 

performing multiemployer plan 

valuations following mass withdrawal 

under part 4281 apply to valuation dates 

occurring in November 2007. 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 fourth 

quarter (October through December) of 

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 October 2007 is 6.23 percent (i.e., 100 

percent of the 6.23 percent composite 

corporate bond rate for September 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 

November 2006 and October 2007. 

For premium payment years 

beginning in: 

The 

required 

interest rate 

is: 

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


sroberts on PROD1PC70 with NOTICES
58340 Federal Register / Vol. 72, No. 198 / Monday, October 15, 2007 / Notices 

For premium payment years 

beginning in: 

The 

required 

interest rate 

is: 

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

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

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

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

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

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

June 2007 ................................. 6.01 

July 2007 .................................. 6.32 

August 2007 ............................. 6.33 

September 2007 ....................... 6.33 

October 2007 ............................ 6.23 

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, 

§ 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 

fourth quarter (October through 

December) of 2007, as announced by the 

IRS, is 8 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) 

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 

7/1/06 ................ 12/31/07 8 

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 fourth 

quarter (October through December) of 

2007 (i.e., the rate reported for 

September 17, 2007) is 8.25 percent. 

The following table lists the 

withdrawal liability underpayment and 

overpayment interest rates for the 

specified time periods: 

From— Through— Interest rate 

(percent) 

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 

7/1/06 ................ 9/30/06 8.00 

10/1/06 .............. 12/31/07 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 

November 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 October 2007. 

Vincent K. Snowbarger, 

Deputy Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. E7–20268 Filed 10–12–07; 8:45 am] 

BILLING CODE 7709–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 13e–3 (Schedule 13E–3), OMB 

Control No. 3235–0007, SEC File No. 

270–1. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) the Securities 

and Exchange Commission 

(‘‘Commission’’) has submitted to the 

Office of Management and Budget the 

request for extension of the previously 

approved collection of information 

discussed below. 

Rule 13e–3 and Schedule 13E–3 (17 

CFR 240.13e–3 and 240.13e–100)—Rule 

13e–3 prescribes the filing, disclosure 

and dissemination requirements in 

connection with a going private 

transaction by an issuer or an affiliate. 

Schedule 13E–3 provides shareholders 

and the marketplace with information 

concerning going private transactions 

that is important in determining how to 

respond to such transactions. The 

information collected permits 

verification of compliance with 

securities laws requirements and 

ensures the public availability and 

dissemination of the collected 

information. This information is made 

available to the public. Information 

provided on Schedule 13E–3 is 

mandatory. We estimate that Schedule 

13E–3 is filed by approximately 600 

issuers annually and it takes 

approximately 137.25 hours per 

response. We estimate that 25% of the 

137.25 hours per response is prepared 

by the filer for a total annual reporting 

burden of 20,588 hours. 

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 

control number. 

Written comments regarding the 

above information should be directed to 

the following persons: (i) Desk Officer 

for the Securities and Exchange 

Commission, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, Room 10102, 

New Executive Office Building, 

Washington, DC 20503 or send an email to: 

Alexander_T._Hunt@omb.eop.gov.; and 

(ii) R. Corey Booth, Director/Chief 

Information Officer, Securities and 


sroberts on PROD1PC70 with NOTICES