eLaws | eCases | United States Code | Federal Courts |
Home » 2013 Issues » 78 FR (02/07/2013) » 2013-02689. Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits

  2013-02689. Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits

  • Start Preamble

    AGENCY:

    Pension Benefit Guaranty Corporation.

    ACTION:

    Final rule; correction.

    SUMMARY:

    The Pension Benefit Guaranty Corporation published in the Federal Register of January 15, 2013, a final rule amending PBGC's regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in February 2013. This document corrects an inadvertent error in that final rule.

    DATES:

    Effective February 7, 2013 and applicable beginning February 1, 2013.

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    Catherine B. Klion (Klion.Catherine@pbgc.gov), Assistant General Counsel for Regulatory Affairs, 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.)

    End Further Info End Preamble Start Supplemental Information

    SUPPLEMENTARY INFORMATION:

    PBGC published in the Federal Register of January 15, 2013 (78 FR 2881), a final rule amending PBGC's regulation on Benefits Payable in Terminated Single-Employer Plans to prescribe interest assumptions under the regulation for valuation dates in February 2013. The effective date for that rule was February 1, 2013. This document corrects the Code of Federal Regulations accordingly.

    Start List of Subjects

    List of Subjects in 29 CFR Part 4022

    • Employee benefit plans
    • Pension insurance
    • Pensions
    • Reporting and recordkeeping requirements
    End List of Subjects

    Therefore, the PBGC amends 29 CFR part 4022 as follows:

    Start Part

    PART 4022—BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS

    End Part Start Amendment Part

    1. The authority citation for part 4022 continues to read as follows:

    End Amendment Part Start Authority

    Authority: 29 U.S.C. 1302, 1322, 1322b, 1341(c)(3)(D), and 1344.

    End Authority

    Appendix C to Part 4022 [Amended]

    Start Amendment Part

    2. In the table for Appendix C to Part 4022, in the entry for Rate Set 232, under “On or after”, remove the date “2-1-12”, and add, in its place, the date “2-1-13”.

    End Amendment Part Start Signature

    Issued in Washington, DC, on this 1st day of February 2013.

    Laricke Blanchard,

    Deputy Director for Policy, Pension Benefit Guaranty Corporation.

    End Signature End Supplemental Information

    [FR Doc. 2013-02689 Filed 2-6-13; 8:45 am]

    BILLING CODE 7709-01-P

Visit the Official Version
Leave a Comment

Document Information

Comments Received:
0 Comments
Effective Date:
2/7/2013
Published:
02/07/2013
Department:
Pension Benefit Guaranty Corporation
Entry Type:
Rule
Action:
Final rule; correction.
Document Number:
2013-02689
Dates:
Effective February 7, 2013 and applicable beginning February 1, 2013.
Pages:
8985-8985 (1 pages)
Topics:
Employee benefit plans, Pension insurance, Pensions, Reporting and recordkeeping requirements
PDF File:
2013-02689.pdf
Supporting Documents:
» Adjustment of Civil Penalties for Inflation
» Allocation of Assets in Single-Employer Plans: Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits
» Benefits Payable in Terminated Single-Employer Plans: Interest Assumptions for Paying Benefits
» Adjustment of Civil Penalties for Inflation
» Agency Information Collection Activities; Proposals, Submissions, and Approvals: Disclosure of Termination Information
» Agency Information Collection Activities; Proposals, Submissions, and Approvals: Mergers and Transfers Between Multiemployer Plans
» Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits
» Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits
» Privacy Act; Systems of Records
» Benefits Payable in Terminated Single-Employer Plans: Interest Assumptions for Paying Benefits
CFR: (1)
29 CFR 4022