Source: https://www.federalregister.gov/documents/2007/12/14/E7-24244/required-interest-rate-assumption-for-determining-variable-rate-premium-for-single-employer-plans
Timestamp: 2018-07-23 10:26:34
Document Index: 63297433

Matched Legal Cases: ['art 4006', 'art 4281', 'art 4006', 'art 4281', 'art 4281', 'art 4044', 'art 4044', 'art 4044', 'art 4044']

A Notice by the Pension Benefit Guaranty Corporation on 12/14/2007
The required interest rate for determining the variable-rate premium under part 4006 applies to premium payment years beginning in December 2007. The interest assumptions for performing multiemployer plan valuations following mass withdrawal under part 4281 apply to valuation dates occurring in January 2008.
72 FR 71167
E7-24244
https://www.federalregister.gov/d/E7-24244 https://www.federalregister.gov/d/E7-24244
The required interest rate for determining the variable-rate premium under part 4006 applies to premium payment years beginning in December 2007. The interest assumptions for performing multiemployer plan Start Printed Page 71168valuations following mass withdrawal under part 4281 apply to valuation dates occurring in January 2008.
The required interest rate to be used in determining variable-rate premiums for premium payment years beginning in December 2007 is 6.14 percent (i.e., 100 percent of the 6.14 percent composite corporate bond rate for November 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 January 2007 and December 2007.
December 2007 6.14
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 January 2008 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.
[FR Doc. E7-24244 Filed 12-13-07; 8:45 am]