[Federal Register: October 29, 1998 (Volume 63, Number 209)] [Corrections] [Page 58101] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr29oc98-145] ======================================================================= ----------------------------------------------------------------------- PENSION BENEFIT GUARANTY CORPORATION 29 CFR Part 4044 Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits Correction In rule document 98-27660 beginning on page 55333 in the issue of Thursday, October 15, 1998 make the following correction: Appendix B to Part 4044 [Corrected] On page 55334 the tables should appear as set forth below: Table I.--Annuity Valuations [This table sets forth, for each indicated calendar month, the interest rates (denoted by i<INF>1, i<INF>2,* * *, and referred to generally as i<INF>t) assumed to be in effect between specified anniversaries of a valuation date that occurs within that calendar month; those anniversaries are specified in the columns adjacent to the rates. The last listed rate is assumed to be in effect after the last listed anniversary date.] ---------------------------------------------------------------------------------------------------------------- The values of i<INF>t are: For valuation dates occurring ---------------------------------------------------------------------------------- in the month-- i<INF>t for t = i<INF>t for t = i<INF>t for t = ---------------------------------------------------------------------------------------------------------------- * * * * * * * November 1998................ .0530 1-25 .0525 >25 N/A N/A ---------------------------------------------------------------------------------------------------------------- Table II.--Lump Sum Valuations [In using this table: (1) For benefits for which the participant or beneficiary is entitled to be in pay status on the valuation date, the immediate annuity rate shall apply; (2) For benefits for which the deferral period is y years (where y is an integer and 0 < y <ls-thn-eq> n<INF>1), interest rate i<INF>1 shall apply from the valuation date for a period of y years, and thereafter the immediate annuity rate shall apply; (3) For benefits for which the deferral period is y years (where y is an integer and n<INF>1 < y <ls-thn-eq> n<INF>11 + n<INF>2), interest rate i<INF>2 shall apply from the valuation date for a period of y--n<INF>1 years, interest rate i<INF>1 shall apply for the following n<INF>1 years, and thereafter the immediate annuity rate shall apply; (4) For benefits for which the deferral period is y years (where y is an integer and y > n<INF>11 + n<INF>2), interest rate i<INF>3 shall apply from the valuation date for a period of y--n<INF>1--n<INF>2 years, interest rate i<INF>2 shall apply for the following n<INF>2 years, interest rate i<INF>1 shall apply for the following n<INF>1 years, and thereafter the immediate annuity rate shall apply.] -------------------------------------------------------------------------------------------------------------------------------------------------------- For plans with a Immediate Deferred annuities (percent) valuation date annuity ---------------------------------------------------------------- Rate set -------------------------- rate On or after Before (percent) i<INF>1 i<INF>2 i<INF>3 n<INF>1 n<INF>2 -------------------------------------------------------------------------------------------------------------------------------------------------------- * * * * * * * 61.............................................. 11-1-98 12-1-98 3.75 4.00 4.00 4.00 7 8 -------------------------------------------------------------------------------------------------------------------------------------------------------- BILLING CODE 1505-01-D