[Federal Register: January 8, 2009 (Volume 74, Number 5)]
[Rules and Regulations]
[Page 772-773]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08ja09-3]
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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]
BILLING CODE 7709-01-P