19974 Federal Register / Vol. 70, No. 72 / Friday, April 15, 2005 / Notices 

White Paper. In addition, the Committee 

will discuss progress on specific 

sections of this White Paper, for 

example Section 1, ‘‘Origins and 

History.’’

• 5 p.m.–6 p.m.: Discussion of April 

14–15, 2005, Visit to the Center for 

Nuclear Waste Regulatory Analyses 

(CNWRA) (Open)—An ACNW 

Subcommittee will report on the 

outcome of its recent visit to the 

CNWRA to review ongoing technical 

assistance work for NMSS’ HLW 

programs. 

All the other items remain the same 

as previously published in the Federal 

Register on Thursday, April 7, 2005 (70 

FR 17722). 

For further information, contact Mr. 

Richard K. Major (telephone 301–415–

7366), between 8:15 a.m. and 6 p.m. e.t.

Dated: April 11, 2005. 

Andrew L. Bates, 

Advisory Committee Management Officer.

[FR Doc. E5–1782 Filed 4–14–05; 8:45 am] 

BILLING CODE 7590–01–P

NUCLEAR REGULATORY 

COMMISSION 

Sunshine Federal Register Notice

AGENCY HOLDING THE MEETINGS: Nuclear 

Regulatory Commission.

DATES: Weeks of April 18, 25, May 2, 9, 

16, 23, 2005.

PLACE: Commissioner’s Conference 

Room, 11555 Rockville Pike, Rockville, 

Maryland.

STATUS: Public and closed.

MATTERS TO BE CONSIDERED: 

Week of April 18, 2005

Tuesday, April 19, 2005

9 a.m.—Discussion of Enforcement Issue 

(Closed—Ex. 5). 

9:30 a.m.—Discussion of Security Issues 

(Closed—Ex. 1). 

Wednesday, April 20, 2005

12:55 p.m.—Affirmation Session (Public 

Meeting) (Tentative) (Note: New 

Meeting Time).

a. (1) EXELON GENERATION 

COMPANY, LLC (Early Site Permit for 

Clinton ESP Site), Docket No. 52–007–

ESP; (2) DOMINION NUCLEAR NORTH 

ANNA, LLC (Early Site Permit for North 

Anna ESP Site), Docket No. 52–008–

ESP; (3) SYSTEM ENERGY 

RESOURCES, INC. (Early Site Permit for 

Grand Gulf ESP Site), Docket No. 52–

009–ESP; (4) LOUISIANA ENERGY 

SERVICES, L.P. (National Enrichment 

Facility), Docket No. 70–3103–ML; (5) 

USEC Inc. (American Centrifuge Plant), 

Docket No. 70–7004 (Tentative) 

1 p.m.—Briefing on Office of Nuclear 

Reactor Regulation (NRR) Programs, 

Performance, and Plans (Public 

Meeting) (Contact: Laura Gerke, 

301–415–4099) (Note: New Meeting 

Time).

This meeting will be Web cast live at 

the Web address—http://www.nrc.gov.

3:15 p.m.—Meeting with Advisory 

Committee on the Medical Uses of 

Isotopes (ACMUI) (Public Meeting) 

(Contact: Angela McIntosh, 301–

415–5030) (Note: New Meeting 

Time).

This meeting will be Web cast live at 

the Web address—htt://www.nrc.gov.

Thursday, April 21, 2005

1:30 p.m.—Discussion of Security Issues 

(Closed—Ex. 1). 

3 p.m.—Discussion of Security Issues 

(Closed—Ex. 1). 

Week of April 25, 2005—Tentative 

Tuesday, April 26, 2005

9:30 a.m.—Briefing on Grid Stability 

and Offsite Power Issues (Public 

Meeting) (Contact: John Lamb, 301–

415–1446).

This meeting will be Web cast live at 

the Web address—http://www.nrc.gov.

Week of May 2, 2005—Tentative 

There are no meetings scheduled for 

the Week of May 2, 2005. 

Week of May 9, 2005—Tentative 

Wednesday, May 11, 2005

10:30 a.m.—All Employees Meeting 

(Public Meeting). 

1:30 p.m.—All Employees Meeting 

(Public Meeting). 

Week of May 16, 2005—Tentative 

There are no meetings scheduled for 

the Week of May 16, 2005. 

Week of May 23, 2005—Tentative 

Monday, May 23, 2005

1:30 p.m.—Discussion of Security Issues 

(Closed—Ex. 1). 

Wednesday, May 25, 2005

9:30 a.m.—Briefing on Results of the 

Agency Review Meeting (Public 

Meeting) (Contact: Lois James, 301–

415–1112).

This meeting will be Web cast at the 

Web address—http://www.nrc.gov.

1:30 p.m.—Briefing on Threat 

Environment Assessment (Closed—

Ex. 1).

*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: 

Dave Gamberoni, (301) 415–1651.

* * * * *

The NRC Commission Meeting 

Schedule can be found on the Internet 

at: http://www.nrc.gov/what-we-do/

policy-making/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, 

August Spector, at 301–415–7080, TDD: 

301–415–2100, or by e-mail at 

aks@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: April 12, 2005. 

Dave Gamberoni, 

Office of the Secretary.

[FR Doc. 05–7654 Filed 4–13–05; 9:22 am] 

BILLING CODE 7590–01–M

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate 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 can be derived from rates 

Federal Register / Vol. 70, No. 72 / Friday, April 15, 2005 / Notices 19975

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 2005. 

The interest assumptions for performing 

multiemployer plan valuations 

following mass withdrawal under part 

4281 apply to valuation dates occurring 

in May 2005. 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 2005.

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. Pursuant to the Pension 

Funding Equity Act of 2004, for 

premium payment years beginning in 

2004 or 2005, the required interest rate 

is the ‘‘applicable percentage’’

(currently 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. 

Thus, the required interest rate to be 

used in determining variable-rate 

premiums for premium payment years 

beginning in April 2005 is 4.78 percent 

(i.e., 85 percent of the 5.62 percent 

composite corporate bond rate for 

March 2005 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 May 

2004 and April 2005.

For premium payment years beginning in: 

The

required

interest

rate is: 

May 2004 .................................... 4.98 

June 2004 ................................... 5.26 

July 2004 .................................... 5.25 

August 2004 ............................... 5.10 

September 2004 ......................... 4.95 

October 2004 .............................. 4.79 

November 2004 .......................... 4.73 

December 2004 .......................... 4.75 

January 2005 .............................. 4.73 

February 2005 ............................ 4.66 

March 2005 ................................. 4.56 

April 2005 ................................... 4.78 

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 

2005, as announced by the IRS, is 6 

percent.

The following table lists the late 

payment interest rates for premiums and 

employer liability for the specified time 

periods:

From— Through— Interestrate

(percent) 

4/1/99 .................... 3/31/00 8 

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 .................... 6/30/05 6 

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 2005 

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

2005) is 5.50 percent. 

The following table lists the 

withdrawal liability underpayment and 

overpayment interest rates for the 

specified time periods:

From— Through—

Interest 

rate

(percent) 

1/1/99 .................... 9/30/99 7.75 

10/1/99 .................. 12/31/99 8.25 

1/1/00 .................... 3/31/00 8.50 

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 

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 

2005 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 April 2005. 

Vincent K. Snowbarger, 

Deputy Executive Director, Pension Benefit 

Guaranty Corporation.

[FR Doc. 05–7550 Filed 4–14–05; 8:45 am] 

BILLING CODE 7708–01–P