Modifications to Minimum Present Value Requirements for Partial Annuity Distribution Options Under Defined Benefit Pension Plans; Correction, 14321 [2012-5715]
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Federal Register / Vol. 77, No. 47 / Friday, March 9, 2012 / Proposed Rules
aggregate of the six test sites. Are there
any other capabilities that test site
selection should include?
(E) Geographical and climatic
diversity are desirable traits for the test
site location. The FAA believes that in
addition to these traits, there are other
important factors affecting siting. These
include proximity to potential users and
availability of a suitable ground or air
transportation network. Are there other
siting characteristics of this nature that
should be considered?
(F) The FAA believes that all UAS test
site operators should be able and willing
to demonstrate their ability and
experience in conducting UAS
operations and research. Methods that
test site operators can use for that
include: providing a detailed plan of
operations (safety case, business case,
etc.); demonstrating experience in
managing and oversight of research and
development (R&D) activities; and
demonstrating the ability to mitigate
technical and operational risk. Test site
operators will also be responsible for
ensuring that approval for use of any
necessary frequency spectrum or
transmit authority has been obtained.
Are there other test site operator
requirements that should be considered?
(G) The FAA is considering utilizing
the requirements contained in 14 CFR
91.305, ‘‘No person may flight test an
aircraft except over open water, or
sparsely populated areas, having light
air traffic.’’ The FAA also published an
update to Order 8130.34A (currently
Rev B) in November 2011, which
includes language specific to flight test
areas for experimental airworthiness
operations. Should the FAA apply these
same requirements to those seeking a
UAS test site designation?
(H) The FAA must define the airspace
volume that is associated with the test
range. How should airspace volume
associated with test ranges be defined?
Additionally, the FAA must assess the
impact on NAS operational efficiency.
How should impact to NAS efficiency
be assessed?
sroberts on DSK5SPTVN1PROD with PROPOSALS
IV. Conclusion
The FAA intends to utilize public
comments to meet the requirements
spelled out in NDAA (H.R. 1540) SEC
1097 UNMANNED AERIAL SYSTEMS
AND NATIONAL AIRSPACE (a)–(d).
Issued in Washington, DC, on March 5,
2012.
John M. Allen,
Director, Flight Standards Service.
[FR Doc. 2012–5735 Filed 3–7–12; 4:15 pm]
BILLING CODE 4910–13–P
VerDate Mar<15>2010
17:17 Mar 08, 2012
Jkt 226001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
§ 1.417(e)–1 Restrictions and valuations of
distributions from plans subject to sections
401(a)(11) and 417.
*
26 CFR Part 1
[REG–110980–10]
RIN 1545–BJ55
Modifications to Minimum Present
Value Requirements for Partial Annuity
Distribution Options Under Defined
Benefit Pension Plans; Correction
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendments.
AGENCY:
This document contains a
correction to the notice of proposed
rulemaking and notice of public hearing
(REG–110980–10) that was published in
the Federal Register on Friday,
February 3, 2012 (77 FR 5454),
providing guidance relating to the
minimum present value requirements
applicable to certain defined benefit
pension plans.
DATES: This correction is effective on
March 9, 2012 and is applicable on
February 3, 2012.
FOR FURTHER INFORMATION CONTACT:
Peter J. Marks or Linda S.F. Marshall at
(202) 622–6090 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The notice of proposed rulemaking
and notice of public hearing that are the
subject of this correcting amendment are
under sections 401 and 417 of the
Internal Revenue Code.
Need for Correction
As published, the notice of proposed
rulemaking and notice of public hearing
(REG–110980–10) contain an error that
may prove to be misleading and is in
need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendment:
PART 1—INCOME TAXES
Paragraph 1. The authority citation
for part 1 continues to read, in part, as
follows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.417(e)–1 is amended
by:
Revising the last sentence of
paragraph (d)(7)(vi), Example 5 (i) to
read as follows:
PO 00000
Frm 00015
Fmt 4702
Sfmt 4702
*
*
(d) * * *
(7) * * *
(vi) * * *
*
*
Example (5) * * *
(i) * * * Participating X elects to receive
$15,000 of the current hypothetical account
balance in the form of a single sum and to
receive the remainder of the total accrued
benefit as a life annuity.
*
*
*
*
*
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2012–5715 Filed 3–8–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[Docket No. USCG–2012–0041]
RIN 1625–AA00
Safety Zone; Myrtle Beach Triathlon,
Atlantic Intracoastal Waterway, Myrtle
Beach, SC
Coast Guard, DHS.
Notice of proposed rulemaking.
AGENCY:
ACTION:
The Coast Guard proposes to
establish a temporary safety zone on the
Atlantic Intracoastal Waterway in
Myrtle Beach, South Carolina during the
Myrtle Beach Triathlon. The Myrtle
Beach Triathlon, which is comprised of
a series of triathlon races, is scheduled
to take place on Saturday, October 13,
2012. The temporary safety zone is
necessary for the safety of race
participants, participant vessels,
spectators, and the general public
during the swim portions of the
triathlon races. Persons and vessels
would be prohibited from entering,
transiting through, anchoring in, or
remaining within the safety zone unless
authorized by the Captain of the Port
Charleston or a designated
representative.
SUMMARY:
Comments and related material
must be received by the Coast Guard on
or before June 15, 2012. Requests for
public meetings must be received by the
Coast Guard on or before May 20, 2012.
ADDRESSES: You may submit comments
identified by docket number USCG–
2012–0041 using any one of the
following methods:
DATES:
E:\FR\FM\09MRP1.SGM
09MRP1
]]>Agencies
[Federal Register Volume 77, Number 47 (Friday, March 9, 2012)]
[Proposed Rules]
[Page 14321]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-5715]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-110980-10]
RIN 1545-BJ55
Modifications to Minimum Present Value Requirements for Partial
Annuity Distribution Options Under Defined Benefit Pension Plans;
Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correcting amendments.
-----------------------------------------------------------------------
SUMMARY: This document contains a correction to the notice of proposed
rulemaking and notice of public hearing (REG-110980-10) that was
published in the Federal Register on Friday, February 3, 2012 (77 FR
5454), providing guidance relating to the minimum present value
requirements applicable to certain defined benefit pension plans.
DATES: This correction is effective on March 9, 2012 and is applicable
on February 3, 2012.
FOR FURTHER INFORMATION CONTACT: Peter J. Marks or Linda S.F. Marshall
at (202) 622-6090 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking and notice of public hearing that
are the subject of this correcting amendment are under sections 401 and
417 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed rulemaking and notice of
public hearing (REG-110980-10) contain an error that may prove to be
misleading and is in need of clarification.
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
Correction of Publication
Accordingly, 26 CFR part 1 is corrected by making the following
correcting amendment:
PART 1--INCOME TAXES
Paragraph 1. The authority citation for part 1 continues to read,
in part, as follows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.417(e)-1 is amended by:
Revising the last sentence of paragraph (d)(7)(vi), Example 5 (i)
to read as follows:
Sec. 1.417(e)-1 Restrictions and valuations of distributions from
plans subject to sections 401(a)(11) and 417.
* * * * *
(d) * * *
(7) * * *
(vi) * * *
Example (5) * * *
(i) * * * Participating X elects to receive $15,000 of the
current hypothetical account balance in the form of a single sum and
to receive the remainder of the total accrued benefit as a life
annuity.
* * * * *
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2012-5715 Filed 3-8-12; 8:45 am]
BILLING CODE 4830-01-P
