[Federal Register: January 13, 2006 (Volume 71, Number 9)]
[Rules and Regulations]
[Page 2148-2149]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13ja06-9]
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PENSION BENEFIT GUARANTY CORPORATION
29 CFR Part 4044
Benefits Payable in Terminated Single-Employer Plans; Allocation
of Assets in Single-Employer Plans; Interest Assumptions for Valuing
and Paying Benefits; Correction
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Final rule; correction.
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SUMMARY: The Pension Benefit Guaranty Corporation published in the
Federal Register of December 15, 2005, a final rule amending its
regulation on Allocation of Assets in Single-Employer Plans to adopt
interest assumptions for plans with valuation dates in January 2006.
This document corrects an inadvertent error in that final rule.
DATES: Effective January 1, 2006.
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.
(TYY/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: The Pension Benefit Guaranty Corporation
published a document in the December 15, 2005, Federal Register (70 FR
74200), amending its regulation on Allocation of Assets in Single-
Employer Plans (29 CFR part 4044) to adopt
[[Page 2149]]
interest assumptions for plans with valuation dates in January 2006.
This documents corrects an inadvertent error in the January 2006 entry
to Appendix B to part 4044. (There was no corresponding error in the
preamble to the document.)
List of Subjects in 29 CFR Part 4044
Employee benefit plans, Pension insurance, Pensions.
0
Accordingly 29 CFR part 4044 is corrected by making the following
correcting amendments:
PART 4044--ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS
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1. The authority citation for part 4044 continues to read as follows:
Authority: 29 U.S.C. 1301(a), 1302(b)(3), 1341, 1344, 1362.
0
2. In appendix B to part 4044, correct the entry for January 2006, as
set forth below, To read as follows:
Appendix B to Part 4044--Interest Rates Used To Value Benefits
* * * * *
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The values of ic are:
For valuation dates -----------------------------------------------------------------------------------
occurring in the month-- it for t = it for t = it for t =
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* * * * * * *
January 2006................ .0570 1-20 .0475 >20 N/A N/A
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Issued in Washington, DC, on this 10th day of January 2006.
Vincent K. Snowbarger,
Deputy Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 06-330 Filed 1-12-06; 8:45 am]
BILLING CODE 7708-01-M