Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits, 8730-8731 [2012-3540]
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8730
Federal Register / Vol. 77, No. 31 / Wednesday, February 15, 2012 / Rules and Regulations
§ 54.9815–2713 Coverage of preventive
health services.
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
(a) Services—(1) In general.
[Reserved]
(i) [Reserved]
(ii) [Reserved]
(iii) [Reserved]
(iv) With respect to women, to the
extent not described in paragraph
(a)(1)(i) of § 54.9815–2713T, preventive
care and screenings provided for in
binding comprehensive health plan
coverage guidelines supported by the
Health Resources and Services
Administration and developed in
accordance with 45 CFR
147.130(a)(1)(iv).
(2) Office visits. [Reserved]
(3) Out-of-network providers.
[Reserved]
(4) Reasonable medical management.
[Reserved]
(5) Services not described. [Reserved]
(b) Timing. [Reserved]
(c) Recommendations not current.
[Reserved]
(d) Effective/applicability date. April
16, 2012.
45 CFR Subtitle A
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
29 CFR Chapter XXV
29 CFR part 2590 is amended as
follows:
PART 2590—RULES AND
REGULATIONS FOR GROUP HEALTH
PLANS
1. The authority citation for part 2590
continues to read as follows:
■
erowe on DSK2VPTVN1PROD with RULES
Authority: 29 U.S.C. 1027, 1059, 1135,
1161–1168, 1169, 1181–1183, 1181 note,
1185, 1185a, 1185b, 1185c, 1185d, 1191,
1191a, 1191b, and 1191c; sec. 101(g), Public
Law 104–191, 110 Stat. 1936; sec. 401(b),
Public Law 105–200, 112 Stat. 645 (42 U.S.C.
651 note); sec. 512(d), Public Law 110–343,
122 Stat. 3881; sec. 1001, 1201, and 1562(e),
Public Law 111–148, 124 Stat. 119, as
amended by Public Law 111–152, 124 Stat.
1029; Secretary of Labor’s Order 3–2010, 75
FR 55354 (September 10, 2010).
2. Accordingly, the amendment to the
interim final rule with comment period
amending 29 CFR 2590.715–
2713(a)(1)(iv) which was published in
the Federal Register at 76 FR 46621–
46626 on August 3, 2011, is adopted as
a final rule without change.
■
VerDate Mar<15>2010
16:38 Feb 14, 2012
Jkt 226001
PART 147—HEALTH INSURANCE
REFORM REQUIREMENTS FOR THE
GROUP AND INDIVIDUAL HEALTH
INSURANCE MARKETS
1. The authority citation for part 147
continues to read as follows:
■
Authority: 2701 through 2763, 2791, and
2792 of the Public Health Service Act (42
U.S.C. 300gg through 300gg–63, 300gg–91,
and 300gg–92), as amended.
2. Accordingly, the amendment to the
interim final rule with comment period
amending 45 CFR 147.130(a)(1)(iv)
which was published in the Federal
Register at 76 FR 46621–46626 on
August 3, 2011, is adopted as a final
rule without change.
■
Steven T. Miller,
Deputy Commissioner for Services and
Enforcement, Internal Revenue Service.
Approved: February 10, 2012.
Emily S. McMahon,
Acting Assistant Secretary of the Treasury
(Tax Policy).
Signed this 10th day, of February 2012.
Phyllis C. Borzi,
Assistant Secretary, Employee Benefits
Security Administration, Department of
Labor.
Dated: February 10, 2012.
Marilyn Tavenner,
Acting Administrator, Centers for Medicare
& Medicaid Services.
Dated: February 10, 2012.
Kathleen Sebelius,
Secretary, Department of Health and Human
Services.
[FR Doc. 2012–3547 Filed 2–10–12; 3:45 pm]
BILLING CODE 4120–01–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:
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
March 2012. The interest assumptions
are used for paying benefits under
SUMMARY:
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terminating single-employer plans
covered by the pension insurance
system administered by PBGC.
DATES: Effective March 1, 2012.
FOR FURTHER INFORMATION CONTACT:
Catherine B. Klion
(Klion.Catherine@pbgc.gov), 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 tollfree 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 March 2012.1
The March 2012 interest assumptions
under the benefit payments regulation
will be 1.25 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
assumptions in effect for February 2012,
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
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\15FER1.SGM
15FER1
8731
Federal Register / Vol. 77, No. 31 / Wednesday, February 15, 2012 / Rules and Regulations
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 March 2012, 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
*
221 ....................................
Appendix B to Part 4022—Lump Sum
Interest Rates for PBGC Payments
Before
*
*
4–1–12
*
221 ....................................
Before
*
*
4–1–12
1.25
[FR Doc. 2012–3540 Filed 2–14–12; 8:45 am]
BILLING CODE 7709–01–P
ENVIRONMENTAL PROTECTION
AGENCY
40 CFR Part 180
[EPA–HQ–OPP–2010–0099; FRL–9337–3]
Aureobasidium pullulans Strains DSM
14940 and DSM 14941; Exemption
From the Requirement of a Tolerance
Environmental Protection
Agency (EPA).
ACTION: Final rule.
erowe on DSK2VPTVN1PROD with RULES
AGENCY:
This regulation establishes an
exemption from the requirement of a
tolerance for residues of the
Aureobasidium pullulans strains DSM
14940 and DSM 14941 in or on all food
commodities when applied pre-harvest
and used in accordance with good
SUMMARY:
16:38 Feb 14, 2012
Jkt 226001
i3
4.00
*
4.00
n1
4.00
*
n2
*
7
8
n1
n2
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
3–1–12
i2
Appendix C to Part 4022—Lump Sum
Interest Rates for Private-Sector
Payments
For plans with a valuation
date
Issued in Washington, DC, on this 8th day
of February 2012.
Laricke Blanchard,
Deputy Director for Policy, Pension Benefit
Guaranty Corporation.
VerDate Mar<15>2010
i1
*
On or after
Rate set
Deferred annuities
(percent)
1.25
3. In appendix C to part 4022, Rate Set
221, as set forth below, is added to the
table.
2. In appendix B to part 4022, Rate Set
221, as set forth below, is added to the
table.
In consideration of the foregoing, 29
CFR part 4022 is amended as follows:
Immediate
annuity rate
(percent)
■
Authority: 29 U.S.C. 1302, 1322, 1322b,
1341(c)(3)(D), and 1344.
■
For plans with a valuation
date
3–1–12
1. The authority citation for part 4022
continues to read as follows:
■
Employee benefit plans, Pension
insurance, Pensions, Reporting and
recordkeeping requirements.
On or after
Rate set
PART 4022—BENEFITS PAYABLE IN
TERMINATED SINGLE-EMPLOYER
PLANS
i1
i2
i3
4.00
*
4.00
4.00
*
agricultural practices. Bio-ferm GmbH
submitted a petition to EPA under the
Federal Food, Drug, and Cosmetic Act
(FFDCA), requesting an exemption from
the requirement of a tolerance. This
regulation eliminates the need to
establish a maximum permissible level
for residues of Aureobasidium pullulans
strains DSM 14940 and DSM 14941.
DATES: This regulation is effective
February 15, 2012. Objections and
requests for hearings must be received
on or before April 16, 2012, and must
be filed in accordance with the
instructions provided in 40 CFR part
178 (see also Unit I.C. of the
SUPPLEMENTARY INFORMATION).
ADDRESSES: EPA has established a
docket for this action under docket
identification (ID) number EPA–HQ–
OPP–2010–0099. All documents in the
docket are listed in the docket index
available at https://www.regulations.gov.
Although listed in the index, some
information is not publicly available,
e.g., Confidential Business Information
(CBI) or other information the disclosure
of which is restricted by statute. Certain
other material, such as copyrighted
material, is not made available via the
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*
*
7
8
Internet and will be publicly available
only in hard copy form. Publicly
available docket materials are available
in the electronic docket at https://
www.regulations.gov, or, if only
available in hard copy, at the OPP
Regulatory Public Docket in Rm. S–
4400, One Potomac Yard (South Bldg.),
2777 S. Crystal Dr., Arlington, VA. The
Docket Facility is open from 8:30 a.m.
to 4 p.m., Monday through Friday,
excluding legal holidays. The Docket
Facility telephone number is (703) 305–
5805.
FOR FURTHER INFORMATION CONTACT:
Susanne Cerrelli, Biopesticides and
Pollution Prevention Division (7511P),
Office of Pesticide Programs,
Environmental Protection Agency, 1200
Pennsylvania Ave. NW., Washington,
DC 20460–0001; telephone number:
(703) 308–8077; email address:
cerrelli.susanne@epa.gov.
SUPPLEMENTARY INFORMATION:
I. General Information
A. Does this action apply to me?
You may be potentially affected by
this action if you are an agricultural
E:\FR\FM\15FER1.SGM
15FER1
]]>Agencies
[Federal Register Volume 77, Number 31 (Wednesday, February 15, 2012)]
[Rules and Regulations]
[Pages 8730-8731]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3540]
=======================================================================
-----------------------------------------------------------------------
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 March 2012. The interest assumptions are used
for paying benefits under terminating single-employer plans covered by
the pension insurance system administered by PBGC.
DATES: Effective March 1, 2012.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion
(Klion.Catherine@pbgc.gov), 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 March 2012.\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 March 2012 interest assumptions under the benefit payments
regulation will be 1.25 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
assumptions in effect for February 2012, 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
[[Page 8731]]
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 March 2012, 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 221, 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 Deferred annuities (percent)
date Immediate ---------------------------------------------------------------------
Rate set ---------------------------- annuity rate
On or after Before (percent) i1 i2 i3 n1 n2
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
221..................................... 3-1-12 4-1-12 1.25 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
0
3. In appendix C to part 4022, Rate Set 221, 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 Deferred annuities (percent)
date Immediate ---------------------------------------------------------------------
Rate set ---------------------------- annuity rate
On or after Before (percent) i1 i2 i3 n1 n2
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
221..................................... 3-1-12 4-1-12 1.25 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on this 8th day of February 2012.
Laricke Blanchard,
Deputy Director for Policy, Pension Benefit Guaranty Corporation.
[FR Doc. 2012-3540 Filed 2-14-12; 8:45 am]
BILLING CODE 7709-01-P
