[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



0

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