Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits, 27889-27890 [2011-11846]
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Federal Register / Vol. 76, No. 93 / Friday, May 13, 2011 / Rules and Regulations
The Food and Drug
Administration (FDA) is amending the
animal drug regulations to reflect
approval of a new animal drug
application (NADA) filed by Pfizer, Inc.
The NADA provides for the veterinary
prescription use of gonadotropin
releasing factor-diphtheria toxoid
conjugate by subcutaneous injection for
temporary immunological castration
(suppression of testicular function) and
reduction of boar taint in intact male
pigs intended for slaughter.
DATES: This rule is effective May 13,
2011.
SUMMARY:
List of Subjects in 21 CFR Part 522
Animal drugs.
Therefore, under the Federal Food,
Drug, and Cosmetic Act and under
authority delegated to the Commissioner
of Food and Drugs and redelegated to
the Center for Veterinary Medicine, 21
CFR part 522 is amended as follows:
PART 522—IMPLANTATION OR
INJECTABLE DOSAGE FORM NEW
ANIMAL DRUGS
1. The authority citation for 21 CFR
part 522 continues to read as follows:
■
Authority: 21 U.S.C. 360b.
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FOR FURTHER INFORMATION CONTACT:
Matthew Lucia, Center for Veterinary
Medicine (HFV–128), Food and Drug
Administration, 7500 Standish Pl.,
Rockville, MD 20855, 240–276–8116,
e-mail: matthew.lucia@fda.hhs.gov.
SUPPLEMENTARY INFORMATION: Pfizer,
Inc., 235 East 42d St., New York, NY
10017–5755, filed NADA 141–322 that
provides for the veterinary prescription
use of IMPROVEST (gonadotropin
releasing factor-diphtheria toxoid
conjugate) Sterile Solution for Injection
for temporary immunological castration
(suppression of testicular function) and
reduction of boar taint in intact male
pigs intended for slaughter. The
application is approved as of March 22,
2011, and the regulations are amended
in 21 CFR part 522 to reflect approval.
In accordance with the freedom of
information provisions of 21 CFR part
20 and 21 CFR 514.11(e)(2)(ii), a
summary of safety and effectiveness
data and information submitted to
support approval of this application
may be seen in the Division of Dockets
Management (HFA–305), Food and Drug
Administration, 5630 Fishers Lane, rm.
1061, Rockville, MD 20852,
between 9 a.m. and 4 p.m., Monday
through Friday.
Under section 512(c)(2)(F)(i) of the
Federal Food, Drug, and Cosmetic Act
(21 U.S.C. 360b(c)(2)(F)(i)), this
approval qualifies for 5 years of
marketing exclusivity beginning on the
date of approval.
The Agency has determined under 21
CFR 25.33 that this action is of a type
that does not individually or
cumulatively have a significant effect on
the human environment. Therefore,
neither an environmental assessment
nor an environmental impact statement
is required.
This rule does not meet the definition
of ‘‘rule″ in 5 U.S.C. 804(3)(A) because
it is a rule of ‘‘particular applicability.″
Therefore, it is not subject to the
congressional review requirements in 5
U.S.C. 801–808.
VerDate Mar<15>2010
15:13 May 12, 2011
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■
2. Add § 522.1083 to read as follows:
§ 522.1083 Gonadotropin releasing factordiphtheria toxoid conjugate.
(a) Specifications. Each milliliter (mL)
of solution contains 0.2 milligrams (mg)
gonadotropin releasing factor-diphtheria
toxoid conjugate.
(b) Sponsor. See No. 000069 in
§ 510.600(c) of this chapter.
(c) Conditions of use in swine—(1)
Amount. Administer 0.4 mg per intact
male pig (2 mL) by subcutaneous
injection no earlier than 9 weeks of age.
A second subcutaneous injection of 0.4
mg per intact male pig (2 mL) should be
administered at least 4 weeks after the
first dose. Pigs should be slaughtered no
earlier than 4 weeks and no later than
8 weeks after the second dose.
(2) Indications for use. For the
temporary immunological castration
(suppression of testicular function) and
reduction of boar taint in intact male
pigs intended for slaughter.
(3) Limitations. Not approved for use
in female pigs and barrows. Do not use
in intact male pigs intended for
breeding because of the disruption of
reproductive function. Federal law
restricts this drug to use by or on the
order of a licensed veterinarian.
Dated: May 4, 2011.
Bernadette Dunham,
Director, Center for Veterinary Medicine.
[FR Doc. 2011–11762 Filed 5–12–11; 8:45 am]
BILLING CODE 4160–01–P
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Part 4022
Benefits Payable in Terminated SingleEmployer Plans; Interest Assumptions
for Paying Benefits
Pension Benefit Guaranty
Corporation.
ACTION: Final rule.
AGENCY:
PO 00000
Frm 00043
Fmt 4700
Sfmt 4700
27889
This final rule amends the
Pension Benefit Guaranty Corporation’s
regulation on Benefits Payable in
Terminated Single-Employer Plans to
prescribe interest assumptions under
the regulation for valuation dates in
June 2011. The interest assumptions are
used for paying benefits under
terminating single-employer plans
covered by the pension insurance
system administered by PBGC.
DATES: Effective June 1, 2011.
FOR FURTHER INFORMATION CONTACT:
Catherine B. Klion, Manager, Regulatory
and Policy Division, 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: PBGC’s
regulation on Benefits Payable in
Terminated Single-Employer Plans (29
CFR part 4022) prescribes actuarial
assumptions—including interest
assumptions—for paying plan benefits
under terminating single-employer
plans covered by title IV of the
Employee Retirement Income Security
Act of 1974. The interest assumptions in
the regulation are also published on
PBGC’s Web site (https://www.pbgc.gov).
PBGC uses the interest assumptions in
Appendix B to Part 4022 to determine
whether a benefit is payable as a lump
sum and to determine the amount to
pay. Appendix C to Part 4022 contains
interest assumptions for private-sector
pension practitioners to refer to if they
wish to use lump-sum interest rates
determined using PBGC’s historical
methodology. Currently, the rates in
Appendices B and C of the benefit
payment regulation are the same.
The interest assumptions are intended
to reflect current conditions in the
financial and annuity markets.
Assumptions under the benefit
payments regulation are updated
monthly. This final rule updates the
benefit payments interest assumptions
for June 2011.1
The June 2011 interest assumptions
under the benefit payments regulation
will be 2.50 percent for the period
during which a benefit is in pay status
and 4.00 percent during any years
preceding the benefit’s placement in pay
status. In comparison with the interest
SUMMARY:
1 Appendix B to PBGC’s regulation on Allocation
of Assets in Single-Employer Plans (29 CFR Part
4044) prescribes interest assumptions for valuing
benefits under terminating covered single-employer
plans for purposes of allocation of assets under
ERISA section 4044. Those assumptions are
updated quarterly.
E:\FR\FM\13MYR1.SGM
13MYR1
27890
Federal Register / Vol. 76, No. 93 / Friday, May 13, 2011 / Rules and Regulations
assumptions in effect for May 2011,
these interest assumptions are
unchanged.
PBGC has determined that notice and
public comment on this amendment are
impracticable and contrary to the public
interest. This finding is based on the
need to determine and issue new
interest assumptions promptly so that
the assumptions can reflect current
market conditions as accurately as
possible.
Because of the need to provide
immediate guidance for the payment of
benefits under plans with valuation
dates during June 2011, PBGC finds that
good cause exists for making the
assumptions set forth in this
Rate set
For plans with a valuation
date
On or after
*
Before
amendment effective less than 30 days
after publication.
PBGC has determined that this action
is not a ‘‘significant regulatory action″
under the criteria set forth in Executive
Order 12866.
Because no general notice of proposed
rulemaking is required for this
amendment, the Regulatory Flexibility
Act of 1980 does not apply. See 5 U.S.C.
601(2).
List of Subjects in 29 CFR Part 4022
Employee benefit plans, Pension
insurance, Pensions, Reporting and
recordkeeping requirements.
In consideration of the foregoing, 29
CFR part 4022 is amended as follows:
7–1–11
3. In appendix C to part 4022, Rate Set
212, as set forth below, is added to the
table.
On or after
*
Before
*
212
[FR Doc. 2011–11846 Filed 5–12–11; 8:45 am]
BILLING CODE 7709–01–P
DEPARTMENT OF HOMELAND
SECURITY
2.50
WReier-Aviles on DSKGBLS3C1PROD with RULES
*
Special Local Regulations for Marine
Events; Severn River, Spa Creek and
Annapolis Harbor, Annapolis, MD
Coast Guard, DHS.
Temporary final rule.
AGENCY:
The Coast Guard is
establishing special local regulations
SUMMARY:
15:13 May 12, 2011
Jkt 223001
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*
*
*
n1
*
*
4.00
n2
*
7
8
n1
n2
*
Deferred annuities
(percent)
i1
i2
*
4.00
4.00
i3
*
during the swim segment of the
‘‘TriRock Annapolis″ triathlon, a marine
event to be held on the waters of Spa
Creek and Annapolis Harbor on May 14,
2011. These special local regulations are
necessary to provide for the safety of life
on navigable waters during the event.
This action is intended to temporarily
restrict vessel traffic in a portion of Spa
Creek and Annapolis Harbor during the
event.
Comments and material
received from the public, as well as
documents mentioned in this preamble
as being available in the docket, are part
of docket USCG–2011–0046 and are
available online by going to https://
www.regulations.gov, inserting USCG–
2011–0046 in the ‘‘Keyword″ box, and
then clicking ‘‘Search.″ This material is
also available for inspection or copying
at the Docket Management Facility (M–
30), U.S. Department of Transportation,
ADDRESSES:
[USCG–2011–0046; 1625–AA08]
*
4.00
This rule is effective from 6 a.m.
until 9 a.m. on May 14, 2011.
33 CFR Part 100
Appendix B to Part 4022—Lump Sum
Interest Rates for PBGC Payments
i3
DATES:
Coast Guard
VerDate Mar<15>2010
*
Immediate
annuity rate
(percent)
7–1–11
Issued in Washington, DC, on this 10th day
of May 2011.
Laricke Blanchard,
Deputy Director for Policy, Pension Benefit
Guaranty Corporation.
ACTION:
*
*
6–1–11
2. In appendix B to part 4022, Rate Set
212, as set forth below, is added to the
table.
■
Appendix C to Part 4022—Lump Sum
Interest Rates for Private-Sector
Payments
*
For plans with a valuation
date
Authority: 29 U.S.C. 1302, 1322, 1322b,
1341(c)(3)(D), and 1344.
i2
*
4.00
2.50
■
Rate set
i1
*
6–1–11
1. The authority citation for part 4022
continues to read as follows:
■
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
*
212
PART 4022—BENEFITS PAYABLE IN
TERMINATED SINGLE-EMPLOYER
PLANS
PO 00000
Frm 00044
Fmt 4700
Sfmt 4700
*
4.00
*
7
8
West Building Ground Floor, Room
W12–140, 1200 New Jersey Avenue, SE.,
Washington, DC 20590, between 9 a.m.
and 5 p.m., Monday through Friday,
except Federal holidays.
If
you have questions on this temporary
rule, call or e-mail Mr. Ronald Houck,
U.S. Coast Guard Sector Baltimore, MD;
telephone 410–576–2674, e-mail
Ronald.L.Houck@uscg.mil. If you have
questions on viewing the docket, call
Renee V. Wright, Program Manager,
Docket Operations, telephone 202–366–
9826.
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
Regulatory Information
On February 17, 2011, we published
a notice of proposed rulemaking
(NPRM) entitled ‘‘Special Local
Regulations for Marine Events; Severn
River, Spa Creek and Annapolis Harbor,
Annapolis, MD″ in the Federal Register
(76 FR 33). We received no comments
E:\FR\FM\13MYR1.SGM
13MYR1
]]>Agencies
[Federal Register Volume 76, Number 93 (Friday, May 13, 2011)]
[Rules and Regulations]
[Pages 27889-27890]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-11846]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Part 4022
Benefits Payable in Terminated Single-Employer Plans; Interest
Assumptions for Paying Benefits
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: This final rule amends the Pension Benefit Guaranty
Corporation's regulation on Benefits Payable in Terminated Single-
Employer Plans to prescribe interest assumptions under the regulation
for valuation dates in June 2011. The interest assumptions are used for
paying benefits under terminating single-employer plans covered by the
pension insurance system administered by PBGC.
DATES: Effective June 1, 2011.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Manager,
Regulatory and Policy Division, 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: PBGC's regulation on Benefits Payable in
Terminated Single-Employer Plans (29 CFR part 4022) prescribes
actuarial assumptions--including interest assumptions--for paying plan
benefits under terminating single-employer plans covered by title IV of
the Employee Retirement Income Security Act of 1974. The interest
assumptions in the regulation are also published on PBGC's Web site
(https://www.pbgc.gov).
PBGC uses the interest assumptions in Appendix B to Part 4022 to
determine whether a benefit is payable as a lump sum and to determine
the amount to pay. Appendix C to Part 4022 contains interest
assumptions for private-sector pension practitioners to refer to if
they wish to use lump-sum interest rates determined using PBGC's
historical methodology. Currently, the rates in Appendices B and C of
the benefit payment regulation are the same.
The interest assumptions are intended to reflect current conditions
in the financial and annuity markets. Assumptions under the benefit
payments regulation are updated monthly. This final rule updates the
benefit payments interest assumptions for June 2011.\1\
---------------------------------------------------------------------------
\1\ Appendix B to PBGC's regulation on Allocation of Assets in
Single-Employer Plans (29 CFR Part 4044) prescribes interest
assumptions for valuing benefits under terminating covered single-
employer plans for purposes of allocation of assets under ERISA
section 4044. Those assumptions are updated quarterly.
---------------------------------------------------------------------------
The June 2011 interest assumptions under the benefit payments
regulation will be 2.50 percent for the period during which a benefit
is in pay status and 4.00 percent during any years preceding the
benefit's placement in pay status. In comparison with the interest
[[Page 27890]]
assumptions in effect for May 2011, these interest assumptions are
unchanged.
PBGC has determined that notice and public comment on this
amendment are impracticable and contrary to the public interest. This
finding is based on the need to determine and issue new interest
assumptions promptly so that the assumptions can reflect current market
conditions as accurately as possible.
Because of the need to provide immediate guidance for the payment
of benefits under plans with valuation dates during June 2011, PBGC
finds that good cause exists for making the assumptions set forth in
this amendment effective less than 30 days after publication.
PBGC has determined that this action is not a ``significant
regulatory action'' under the criteria set forth in Executive Order
12866.
Because no general notice of proposed rulemaking is required for
this amendment, the Regulatory Flexibility Act of 1980 does not apply.
See 5 U.S.C. 601(2).
List of Subjects in 29 CFR Part 4022
Employee benefit plans, Pension insurance, Pensions, Reporting and
recordkeeping requirements.
In consideration of the foregoing, 29 CFR part 4022 is amended as
follows:
PART 4022--BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS
0
1. The authority citation for part 4022 continues to read as follows:
Authority: 29 U.S.C. 1302, 1322, 1322b, 1341(c)(3)(D), and
1344.
0
2. In appendix B to part 4022, Rate Set 212, as set forth below, is
added to the table.
Appendix B to Part 4022--Lump Sum Interest Rates for PBGC Payments
* * * * *
--------------------------------------------------------------------------------------------------------------------------------------------------------
For plans with a valuation date Immediate Deferred annuities (percent)
Rate set ---------------------------------- annuity rate ------------------------------------------------------------------------------------
On or after Before (percent) i1 i2 i3 n1 n2
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
212 6-1-11 7-1-11 2.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
0
3. In appendix C to part 4022, Rate Set 212, as set forth below, is
added to the table.
Appendix C to Part 4022--Lump Sum Interest Rates for Private-Sector
Payments
* * * * *
--------------------------------------------------------------------------------------------------------------------------------------------------------
For plans with a valuation date Immediate Deferred annuities (percent)
Rate set ---------------------------------- annuity rate ------------------------------------------------------------------------------------
On or after Before (percent) i1 i2 i3 n1 n2
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
212 6-1-11 7-1-11 2.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on this 10th day of May 2011.
Laricke Blanchard,
Deputy Director for Policy, Pension Benefit Guaranty Corporation.
[FR Doc. 2011-11846 Filed 5-12-11; 8:45 am]
BILLING CODE 7709-01-P
