[Federal Register Volume 71, Number 9 (Friday, January 13, 2006)]
[Rules and Regulations]
[Pages 2148-2149]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-330]


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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