Source: https://www.federalregister.gov/documents/2000/03/15/00-6313/interest-assumption-for-determining-variable-rate-premium-interest-assumptions-for-multiemployer
Timestamp: 2018-07-22 21:10:45
Document Index: 137384332

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 03/15/2000
The interest rate for determining the variable-rate premium under part 4006 applies to premium payment years beginning in March 2000. The interest assumptions for performing multiemployer plan valuations following mass withdrawal under part 4281 apply to valuation dates occurring in April 2000.
65 FR 13999
00-6313
https://www.federalregister.gov/d/00-6313 https://www.federalregister.gov/d/00-6313
The assumed interest rate to be used in determining variable-rate premiums for premium payment years beginning in March 2000 is 5.30 percent (i.e., 85 percent of the 6.23 percent yield figure for February 2000).
The following table lists the assumed interest rates to be used in determining variable-rate premiums for premium payment years beginning between April 1999 and March 2000.
April 1999 4.74
May 1999 4.72
June 1999 4.94
Start Printed Page 14000
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 April 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 3rd day of March 2000.
[FR Doc. 00-6313 Filed 3-14-00; 8:45 am]