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Agency: Pension Benefit Guaranty Corporation

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The Federal Register
2000200120022003200420052006200720082009

Pages: 12

1. Information Collection; OMB Approval; Payment of Premiums

NOTICES: Reporting and recordkeeping requirements,

The Office of Management and Budget (``OMB'') has extended its approval, under the Paperwork Reduction Act, of a collection of information (with revisions) under the Pension Benefit Guaranty Corporation's regulation on Payment of Premiums.
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2. PBGC Benefit Payments

PROPOSED RULES: Allocation of assets—; Benefit payments; amendments,

The PBGC proposes to amend its regulations to make various changes in how it pays benefits, including giving participants more choices of annuity benefit forms, clarifying what it means to be able to ``retire'' under plan provisions for certain purposes under Title IV of ERISA, and adding rules on who will get certain payments the PBGC owes to a
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

3. Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest

RULES: Allocation of assets—; Interest assumptions for valuing and paying benefits,

The Pension Benefit Guaranty Corporation's regulations on Benefits Payable in Terminated SingleEmployer Plans and Allocation of Assets in SingleEmployer Plans prescribe interest assumptions for valuing and paying benefits under terminating singleemployer plans. This final rule amends the regulations to adopt interest assumptions for plans with
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

4. Interest Assumption for Determining Variable-Rate Premium; Interest Assumptions for Multiemployer Plan Valuations

NOTICES: Interest rates and assumptions,

This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. These
[[Page 78517]]
rates and assumptions are published elsewhere (or are derivable from rates published elsewhere), but are collected and published in this notice for the convenience of the public.
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

5. Premium Rates; Payment of Premium

RULES: Premium payments; Correction,

Correction

In rule document 0030322 beginning on page 75160, in the issue of Friday, December 1, 2000, make the following corrections:

1. On page 75161, in the third column, in the first full paragraph, in the eighth line and in the 10th line, ``3\1/12\'' should read `` \3/ 12\''.
[FR Doc.

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6. Premium Rates; Payment of Premiums

RULES: Premium payments,

This final rule makes three amendments to the PBGC's premium regulations. One amendment allows plan administrators to pay a prorated premium for a short plan year rather than paying a full year's premium and requesting a refund. A second amendment simplifies and narrows the definition of ``participant'' for PBGC premium purposes. A third amendment
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

7. Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age

RULES: Allocation of assets—; Valuation of benefits and assets; expected retirement age,

This rule amends the Pension Benefit Guaranty Corporation's regulation on Allocation of Assets in SingleEmployer Plans by substituting a new table that applies to any plan being terminated either in a distress termination or involuntarily by the PBGC with a valuation date falling in 2001, and is used to determine expected retirement ages for plan
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

8. Disclosure to Participants; Benefits Payable in Terminated Single-Employer Plans

RULES: Maximum guaranteeable pension benefit,

This rule amends the appendix to the Pension Benefit Guaranty Corporation's regulation on Benefits Payable in Terminated Single Employer Plans by adding the maximum guaranteeable pension benefit that may be paid by the PBGC with respect to a plan participant in a single employer pension plan that terminates in 2001. This rule also amends the PBGC's
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

9. Information Collection; OMB Review; Payment of Premiums

NOTICES: Submission for OMB review; comment request,

A final rule appearing elsewhere in today's Federal Register adopts amendments to regulations of the Pension Benefit Guaranty Corporation (``PBGC'') on Premium Rates (29 CFR Part 4006) and Payment of Premiums (29 CFR Part 4007) and affects the collection of information under the premium payment regulation (OMB control number 12120009). The PBGC is
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

10. Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest

RULES: Allocation of assets—; Interest assumptions for valuing and paying benefits,

The Pension Benefit Guaranty Corporation's regulations on Benefits Payable in Terminated SingleEmployer Plans and Allocation of Assets in SingleEmployer Plans prescribe interest assumptions for valuing and paying benefits under terminating singleemployer plans. This final rule amends the regulations to adopt interest assumptions for plans with
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

11. Interest Assumption for Determining Variable-Rate Premium; Interest Assumptions for Multiemployer Plan Valuations

NOTICES: Interest rates and assumptions,

This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. These rates and assumptions are published elsewhere (or are derivable from rates published elsewhere), but are collected and published in this notice for the convenience of the public. Interest rates are
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

12. Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums

NOTICES: Submission for OMB review; comment request,

The Pension Benefit Guaranty Corporation (``PBGC'') is requesting that the Office of Management and Budget (``OMB'') extend approval, under the Paperwork Reduction Act, of the collection of information under its regulation on Payment of Premiums (29 CFR Part 4007), including Form 1ES, Form 1, and Schedule A to Form 1, and related instructions (OMB
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

13. Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest

RULES: Allocation of assets—; Interest assumptions for valuing benefits,

The Pension Benefit Guaranty Corporation's regulations on Benefits Payable in Terminated SingleEmployer Plans and Allocation of Assets in SingleEmployer Plans prescribe interest assumptions for valuing and paying benefits under terminating singleemployer plans. This final rule amends the regulations to adopt interest assumptions for plans with
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

14. Interest Assumption for Determining Variable-Rate Premium; Interest on Late Premium Payments; Interest on

NOTICES: Interest rates and assumptions,

This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. These rates and assumptions are published elsewhere (or are derivable from rates published elsewhere), but are collected and published in this notice for the convenience of the public. Interest rates are
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

15. Agency Information Collection Activities: Notice of Intention To Request Extension of OMB Approval of Collection;

NOTICES: Proposed collection; comment request,

The Pension Benefit Guaranty Corporation intends to request that the Office of Management and Budget (``OMB'') extend approval, under the Paperwork Reduction Act of 1995, of a collection of information in its regulations on Termination of Single Employer Plans and Missing Participants, and implementing forms and instructions (OMB control number
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16. Privacy Act of 1974; System of Records

NOTICES: Systems of records,

The Pension Benefit Guaranty Corporation is proposing two new routine uses of records for a system of records maintained pursuant to the Privacy Act of 1974, as amended, entitled PBGC6, Plan Participant and Beneficiary DataPBGC. The first new routine use permits disclosure of certain benefit information to a participant's spouse, former spouse,
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

17. Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest

RULES: Allocation of assets—; Interest assumptions for valuing and paying benefits,

The Pension Benefit Guaranty Corporation's regulations on Benefits Payable in Terminated SingleEmployer Plans and Allocation of Assets in SingleEmployer Plans prescribe interest assumptions for valuing and paying benefits under terminating singleemployer plans. This final rule amends the regulations to adopt interest assumptions for plans with
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

18. Interest Assumption for Determining Variable-Rate Premium; Interest Assumptions for Multiemployer Plan Valuations

NOTICES: Interest rates and assumptions,

This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. These rates and assumptions are published elsewhere (or are derivable from rates published elsewhere), but are collected and published in this notice for the convenience of the public. Interest rates are
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

19. Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest

RULES: Allocation of assets—; Interest assumptions for valuing and paying benefits,

The Pension Benefit Guaranty Corporation's regulations on Benefits Payable in Terminated SingleEmployer Plans and Allocation of Assets in SingleEmployer Plans prescribe interest assumptions for valuing and paying benefits under terminating singleemployer plans. This final rule amends the regulations to adopt interest assumptions for plans with
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

20. Interest Assumption for Determining Variable-Rate Premium; Interest Assumptions for Multiemployer Plan Valuations

NOTICES: Interest rates and assumptions,

This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. These rates and assumptions are published elsewhere (or are derivable from rates published elsewhere), but are collected and published in this notice for the convenience of the public. Interest rates are
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

21. Proposed Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums

NOTICES: Proposed collection; comment request,

The Pension Benefit Guaranty Corporation (``PBGC'') intends to request that the Office of Management and Budget (``OMB'') extend approval, under the Paperwork Reduction Act, of the collection of information under its regulation on Payment of Premiums (29 CFR part 4007), including Form 1ES, Form 1, and Schedule A to Form 1, and related instructions
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

22. Interest Assumption for Determining Variable-Rate Premium; Interest on Late Premium Payments; Interest on

NOTICES: Interest rates and assumptions,

This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. These rates and assumptions are published elsewhere (or are derivable from rates published elsewhere), but are collected and published in this notice for the convenience of the public. Interest rates are
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

23. Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest

RULES: Allocation of assets—; Interest assumptions for valuing benefits,

The Pension Benefit Guaranty Corporation's regulations on Benefits Payable in Terminated SingleEmployer Plans and Allocation of Assets in SingleEmployer Plans prescribe interest assumptions for valuing and paying benefits under terminating singleemployer plans. This final rule amends the regulations to adopt interest assumptions for plans with
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

24. Title IV Aspects of Cash Balance Plans With Variable Indices

PROPOSED RULES: Allocation of assets—; Title IV aspects of cash balance plans with variable indices,

Many cash balance plans use variable indices to determine future retirement benefits. If such a plan terminates in a distress or involuntary termination under Title IV of ERISA, the PBGC must make assumptionsas of the plan's termination dateabout the future performance of the variable index. The PBGC is soliciting public comment on what
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25. Submission of Information Collection for OMB Review; Comment Request; Qualified Domestic Relations Orders Submitted to

NOTICES: Submission for OMB review; comment request,

The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of the collection of information (OMB control number 12120054; expires July 31, 2000) relating to model forms contained in the PBGC booklet, Divorce Orders & PBGC. The booklet provides
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