Source: https://www.federalregister.gov/documents/2000/06/15/00-15119/interest-assumption-for-determining-variable-rate-premium-interest-assumptions-for-multiemployer
Timestamp: 2018-02-22 03:20:27
Document Index: 105192648

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

A Notice by the Pension Benefit Guaranty Corporation on 06/15/2000
The interest rate for determining the variable-rate premium under part 4006 applies to premium payment years beginning in June 2000. The interest assumptions for performing multiemployer plan valuations following mass withdrawal under part 4281 apply to valuation dates occurring in July 2000.
65 FR 37584
37584 (1 page)
00-15119
https://www.federalregister.gov/d/00-15119 https://www.federalregister.gov/d/00-15119
The assumed interest rate to be used in determining variable-rate premiums for premium payment years beginning in June 2000 is 5.23 percent (i.e., 85 percent of the 6.15 percent yield figure for May 2000).
The following table lists the assumed interest rates to be used in determining variable-rate premiums for premium payment years beginning between July 1999 and June 2000.
The assumed interest rate is
July 1999 5.13
August 1999 5.08
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 2000 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 8th day of June 2000.
[FR Doc. 00-15119 Filed 6-14-00; 8:45 am]