[Federal Register Volume 74, Number 5 (Thursday, January 8, 2009)]
[Rules and Regulations]
[Pages 772-773]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-141]


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PENSION BENEFIT GUARANTY CORPORATION

29 CFR Part 4044


Allocation of Assets in Single-Employer Plans; Interest 
Assumptions for Valuing Benefits; Correction

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Correcting amendment.

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SUMMARY: The Pension Benefit Guaranty Corporation published in the 
Federal Register of December 29, 2008, a final rule amending its 
regulation on Allocation of Assets in Single-Employer Plans to adopt 
interest assumptions for plans with valuation dates in the first 
quarter of 2009. This document corrects inadvertent errors in that 
final rule.

DATES: Effective January 8, 2009.
    Applicability date: January 1, 2009.

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. 
(TTY/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 29, 2008, Federal Register (73 FR 
79362), amending its regulation on Allocation of Assets in Single-
Employer Plans (29 CFR part 4044) to adopt interest assumptions for 
plans with valuation dates in the first quarter of 2009. This document 
corrects inadvertent errors in the January, February, and March 2009 
entries to Appendix B to part 4044. (There were no corresponding errors 
in the preamble to the document.)

List of Subjects in 29 CFR Part 4044

    Employee benefit plans, Pension insurance, Pensions.

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Accordingly 29 CFR part 4044 is corrected by making the following 
correcting amendments:

[[Page 773]]

PART 4044--ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS

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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.


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2. In appendix B to part 4044, correct the entries for January, 
February, and March 2009, 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 it are:
       For valuation dates occurring in the month--        -----------------------------------------------------
                                                               it    for t =     it    for t =     it    for t =
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                                                  * * * * * * *
January 2009..............................................   0.0602     1-20   0.0548      >20      N/A      N/A
February 2009.............................................   0.0602     1-20   0.0548      >20      N/A      N/A
March 2009................................................   0.0602     1-20   0.0548      >20      N/A      N/A
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    Issued in Washington, DC, on this 5th day of January 2009.
Vincent K. Snowbarger,
Deputy Director for Operations, Pension Benefit Guaranty Corporation.
[FR Doc. E9-141 Filed 1-7-09; 8:45 am]
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