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Agency: Pension Benefit Guaranty Corporation

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Pages: 12

1. Premium Rates; Payment of Premiums; Flat Premium Rates, Variable- Rate Premium Cap, and Termination Premium; Deficit

RULES: Distress and involuntary plan terminations; payment of flat rate, variable rate, and termination premiums,

This is a final rule to amend PBGC's regulations on Premium Rates and Payment of Premiums to implement certain provisions of the Deficit Reduction Act of 2005 (Pub. L. 109171) and the Pension Protection Act of 2006 (Pub. L. 109280) that are effective beginning in 2006 or 2007. The
[[Page 71223]]
provisions implemented by this rule change the flat
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

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

RULES: Allocation of assets—; Benefits payable in terminated plans and 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

3. Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest

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 can be derived from rates published elsewhere), but are collected and published in this notice for the convenience of the public. Interest rates are
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4. Disclosure of Termination Information

PROPOSED RULES: Termination information disclosure,

This is a proposed rule to implement section 506 of the Pension Protection Act of 2006 (Pub. L. 109280) which amends sections 4041 and 4042 of ERISA. These amendments require that a plan administrator disclose information it has submitted to PBGC in connection with a distress termination filing, and that a plan administrator or plan sponsor
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

5. Benefits Payable in Terminated Single-Employer Plans

RULES: Allocation of assets—; Benefits payable in terminated plans,

This rule amends Appendix D 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 2008. The amendment is necessary because
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6. Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age

RULES: Valuation of benefits and assets; expected retirement,

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 2008, and is used to determine expected retirement ages for plan
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7. PBGC Flat Premium Rates

NOTICES: Pension plan termination insurance program; flat premium rates,

This notice informs the public of the PBGC flat premium rates for premium payment years beginning in 2008. These rates can be derived from information published elsewhere but are published in this notice for the convenience of the public.
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

8. Proposed Submission of Information Collections for OMB Review; Comment Request; Multiemployer Plan Regulations

NOTICES: Agency information collection activities; proposals, submissions, and approvals,

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 collections of information in PBGC's regulations on multiemployer plans under the Employee Retirement Income Security Act of 1974 (ERISA). This notice informs the public of PBGC's
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9. Proposed Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of

NOTICES: Agency information collection activities; proposals, submissions, and approvals,

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 a collection of information contained in its regulation on Liability for Termination of SingleEmployer Plans, 29 CFR Part 4062 (OMB Control Number 12120017; expires
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. Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest

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 can be derived 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. Rules for Administrative Review of Agency Decisions

PROPOSED RULES: Administrative review of agency decisions,

Pension Benefit Guaranty Corporation (PBGC) proposes amending its regulation on Administrative Review of Agency Decisions (29 CFR part 4003) to clarify that the agency's Appeals Board may refer certain categories of appeals to other PBGC departments for a written response and to remove determinations under section 4022A of the Employee Retirement
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—; Benefits payable in terminated plans; 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

14. Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest on Late

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 can be derived 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. Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest

RULES: Allocation of assets—; Benefits payable in terminated plans; 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

16. Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest

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 can be derived 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

17. Submission of Information Collection for OMB Review; Comment Request; Filings for Reconsiderations

NOTICES: Agency information collection activities; proposals, submissions, and approvals,

Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) approve, under the Paperwork Reduction Act, a collection of information under its regulation on Rules for Administrative Review of Agency Decisions. This notice informs the public of PBGC's request and solicits public comment on the collection
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

18. Agency Information Collection Activities: Submission of Information Collection for OMB Review--Termination of Single

NOTICES: Agency information collection activities; proposals, submissions, and approvals,

The Pension Benefit Guaranty Corporation (``PBGC'') is requesting that the Office of Management and Budget (``OMB'') extend approval, under the Paperwork Reduction Act, 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
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. Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest

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 can be derived 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. Pendency of Request for Variance from the Bond/Escrow Requirement Relating to the Sale of Assets by an Employer Who

NOTICES: Sale of assets by employer who contributes to multiemployer plan; bond/escrow requirement; exemption requests,

This notice advises interested persons that the Pension Benefit Guaranty Corporation has received a request from P&O Ports Florida, Inc. for a variance from the bond/escrow requirement of section 4204(a)(1)(B) of the Employee Retirement Income Security Act of 1974, as amended, with respect to the Tampa Maritime Association International
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

22. Election of Multiemployer Plan Status

NOTICES: Special election of multiemployer plan status,

This Notice establishes implementing procedures for a special election concerning multiemployer plan status that may be made under the Employee Retirement Income Security Act of 1974, as amended by the Pension Protection Act of 2006. Under these procedures, an eligible plan may elect to be a multiemployer plan for all purposes under ERISA and the
PENSION BENEFIT GUARANTY CORPORATION : Pension Benefit Guaranty Corporation

23. Required Interest Rate Assumption for Determining Variable-Rate Premium for Single-Employer Plans; Interest on Late

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 can be derived 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

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

RULES: Allocation of assets—; Benefits payable in terminated plans; 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

25. Premium Rates; Payment of Premiums; Variable-rate premium; Pension Protection Act of 2006

PROPOSED RULES: Premium payments; variable-rate premiums; Correction,

Correction

In proposed rule document E710412 beginning on page 30308 in the issue of Thursday, May 31, 2007, make the following correction:

On page 30313, in the third column, under the heading E.O. 12866, in the first paragraph, in the last line, ``agency'' should read ``agency action:''.
[FR Doc. Z710412 Filed 61507; 8:45 am]
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