Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age, 71321-71323 [2012-28892]
Download as PDF
71321
Federal Register / Vol. 77, No. 231 / Friday, November 30, 2012 / Rules and Regulations
1. Memorandum for FAP 9M4696 from K.
Morehouse, FDA, to L. Highbarger, FDA,
dated August 10, 2010.*
2. Diehl, J. F., ‘‘Chemical Effects of Ionizing
Radiation,’’ pp. 43–88, in Safety of
Irradiated Foods, second edition, Marcel
Dekker, Inc., New York, 1995.
3. Memorandum for FAP 9M4696 from E.
Jensen, FDA, to R. Alrefai, FDA, dated
December 10, 1999.*
4. Elias, P.S. and A.J. Cohen, ‘‘Recent
Advances in Food Irradiation,’’ Elsevier
Biomedical, Amsterdam, 1983.
5. World Health Organization, ‘‘High-Dose
Irradiation: Wholesomeness of Food
Irradiated With Doses Above 10 kGy,’’
World Health Organization Technical
Report Series No. 890, pp. 9–37, Geneva,
1999.
6. Preservation of Food by Ionizing
Radiation, edited by E.S. Josephson and
M.S. Peterson, Vol. II, CRC Press, Boca
Raton, 1982.
7. Diehl, J.F., ‘‘Radiolytic Effects in Foods,’’
pp. 279–357, in Preservation of Food By
Ionizing Radiation, Vol. I, edited by E.S.
Josephson and M.S. Peterson, CRC Press,
Boca Raton, 1982.
8. Crone, A.V.J., et al., ‘‘Effect of Storage and
Cooking on the Dose Response of 2Dodecylcyclobutanone, a Potential
Marker for Irradiated Chicken,’’ Journal
of the Science of Food and Agriculture,
58:249–252, 1992.
9. Gadgil, P., K.A. Hachmeister, J.S. Smith,
and D.H. Kropf, ‘‘2-Alkylcyclobutanones
as Irradiation Dose Indicators in
Irradiated Ground Beef Patties,’’ Journal
of Agriculture and Food Chemistry,
50:5746–5750, 2002.
10. Seibersdorf Project Report, International
Programme on Irradiation of Fruit and
Fruit Juices, Chemistry and Isotopes
Department, National Centre for Nuclear
Energy, Madrid, Spain, Vol. 8, 1966.
11. Memorandum for FAP 9M4697 from K.
Morehouse, FDA, to L. Highbarger, FDA,
dated February 20, 2008. *
12. Locas, C. and V.A. Yaylayan, ‘‘Origin and
Mechanistic Pathways of Formation of
the Parent Furan—a Toxicant.,’’ Journal
of Agricultural and Food Chemistry,
52:6830–6836, 2005.
13. Fan, X., and K.J.B. Sokorai, ‘‘Effect of
Ionizing Radiation on Furan Formation
in Fresh-Cut Fruits and Vegetables.’’
Journal of Food Science. 73(2):C79–C83,
2008.
14. Memorandum from Food Additives
Evaluation Branch, FDA (HFS–156), to C.
Takaguchi, Petition Control Branch,
FDA, December 28, 1982.*
15. Memorandum to the file for FAP 4M4428,
from D. Hattan, FDA, dated November
18, 1997.*
16. Underdal, B., J. Nordal, G. Lunde, and B.
Eggum, ‘‘The Effect of Ionizing Radiation
on the Nutritional Value of Fish (Cod)
Protein,’’ Lebensmittel Wissenschaft
Technologie, 6:90–93, 1973.
17. Diehl, J.F., ‘‘Nutritional Adequacy of
Irradiated Foods,’’ pp. 241–282, in Safety
of Irradiated Foods, Marcel Dekker, New
York, 1995.
18. Internal Memorandum for FAP 9M4696
from J. Newland, FDA, to the file, dated
July 7, 2000.*
19. Firstenberg-Eden, R., D.B. Rowley, and
G.E. Shattuck. ‘‘Factors Affecting Growth
and Toxin Production by Clostidium
Botulinum Type E on Irradiated (0.3
Mrad) Chicken Skins.’’ Journal of Food
Protection, 47:867–870, 1982.
20. Matilla-Sandholm, T. and E. Skytta. ‘‘The
Effect of Spoilage Flora on the Growth of
Food Pathogens in Minced Meat Stored
at Chilled Temperature.’’ LebensmittelWissenschaft Technologie, 24:116–120,
1991.
List of Subjects in 21 CFR Part 179
Food additives, Food labeling, Food
packaging, Radiation protection,
Reporting and recordkeeping
requirements, Signs and symbols.
Therefore, under the Federal Food,
Drug, and Cosmetic Act and under
authority delegated to the Commissioner
of Food and Drugs, 21 CFR part 179 is
amended as follows:
PART 179—IRRADIATION IN THE
PRODUCTION, PROCESSING AND
HANDLING OF FOOD
1. The authority citation for 21 CFR
part 179 continues to read as follows:
■
Authority: 21 U.S.C. 321, 342, 343, 348,
373, 374.
2. Section 179.26 is amended in the
table in paragraph (b) by revising entry
‘‘6.’’ under the headings ‘‘Use’’ and
‘‘Limitations’’ to read as follows:
■
§ 179.26 Ionizing radiation for the
treatment of food.
*
*
*
(b) * * *
*
*
Use
Limitations
*
*
*
*
*
*
6. For control of food-borne pathogens in fresh (refrigerated or unrefrigerated) or frozen, uncooked poultry products that are: (1) Whole carcasses or disjointed portions (or other parts) of such carcasses that are ‘‘ready-tocook poultry’’ within the meaning of 9 CFR 381.l(b) (with or without nonfluid seasoning; includes, e.g., ground
poultry), or (2) mechanically separated poultry product (a finely comminuted ingredient produced by the mechanical deboning of poultry carcasses or parts of carcasses).
*
Not to exceed 4.5 kGy for
non-frozen products; not
to exceed 7.0 kGy for
frozen products.
*
*
*
*
*
*
*
*
ACTION:
Dated: November 27, 2012.
Leslie Kux,
Assistant Commissioner for Policy.
BILLING CODE 4160–01–P
PENSION BENEFIT GUARANTY
CORPORATION
wreier-aviles on DSK5TPTVN1PROD with
29 CFR Part 4044
Allocation of Assets in SingleEmployer Plans; Valuation of Benefits
and Assets; Expected Retirement Age
Pension Benefit Guaranty
Corporation.
AGENCY:
14:04 Nov 29, 2012
Jkt 229001
*
Final rule.
This rule amends the Pension
Benefit Guaranty Corporation’s
regulation on Allocation of Assets in
Single-Employer Plans by substituting a
new table for determining expected
retirement ages for participants in
pension plans undergoing distress or
involuntary termination with valuation
dates falling in 2013. This table is
needed in order to compute the value of
early retirement benefits and, thus, the
total value of benefits under a plan.
DATES: Effective Date: January 1, 2013.
FOR FURTHER INFORMATION CONTACT:
Catherine B. Klion, Assistant General
Counsel for Regulatory Affairs, Pension
Benefit Guaranty Corporation, 1200 K
SUMMARY:
[FR Doc. 2012–28968 Filed 11–29–12; 8:45 am]
VerDate Mar<15>2010
*
PO 00000
Frm 00035
Fmt 4700
Sfmt 4700
*
*
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.)
The
Pension Benefit Guaranty Corporation
(PBGC) administers the pension plan
termination insurance program under
Title IV of the Employee Retirement
Income Security Act of 1974 (ERISA).
PBGC’s regulation on Allocation of
Assets in Single-Employer Plans (29
CFR part 4044) sets forth (in subpart B)
the methods for valuing plan benefits of
terminating single-employer plans
covered under Title IV. Guaranteed
benefits and benefit liabilities under a
SUPPLEMENTARY INFORMATION:
E:\FR\FM\30NOR1.SGM
30NOR1
71322
Federal Register / Vol. 77, No. 231 / Friday, November 30, 2012 / Rules and Regulations
plan that is undergoing a distress
termination must be valued in
accordance with subpart B of part 4044.
In addition, when PBGC terminates an
underfunded plan involuntarily
pursuant to ERISA section 4042(a), it
uses the subpart B valuation rules to
determine the amount of the plan’s
underfunding.
Under § 4044.51(b) of the asset
allocation regulation, early retirement
benefits are valued based on the annuity
starting date, if a retirement date has
been selected, or the expected
retirement age, if the annuity starting
date is not known on the valuation date.
Sections 4044.55 through 4044.57 set
forth rules for determining the expected
retirement ages for plan participants
entitled to early retirement benefits.
Appendix D of part 4044 contains tables
to be used in determining the expected
early retirement ages.
Table I in appendix D (Selection of
Retirement Rate Category) is used to
determine whether a participant has a
low, medium, or high probability of
retiring early. The determination is
based on the year a participant would
reach ‘‘unreduced retirement age’’ (i.e.,
the earlier of the normal retirement age
or the age at which an unreduced
benefit is first payable) and the
participant’s monthly benefit at
unreduced retirement age. The table
applies only to plans with valuation
dates in the current year and is updated
annually by the PBGC to reflect changes
in the cost of living, etc.
Tables II–A, II–B, and II–C (Expected
Retirement Ages for Individuals in the
Low, Medium, and High Categories
respectively) are used to determine the
expected retirement age after the
probability of early retirement has been
determined using Table I. These tables
establish, by probability category, the
expected retirement age based on both
the earliest age a participant could retire
under the plan and the unreduced
retirement age. This expected retirement
age is used to compute the value of the
early retirement benefit and, thus, the
total value of benefits under the plan.
This document amends appendix D to
replace Table I–12 with Table I–13 in
order to provide an updated correlation,
appropriate for calendar year 2013,
between the amount of a participant’s
benefit and the probability that the
participant will elect early retirement.
Table I–13 will be used to value benefits
in plans with valuation dates during
calendar year 2013.
PBGC has determined that notice of
and public comment on this rule are
impracticable and contrary to the public
interest. Plan administrators need to be
able to estimate accurately the value of
plan benefits as early as possible before
initiating the termination process. For
that purpose, if a plan has a valuation
date in 2013, the plan administrator
needs the updated table being
promulgated in this rule. Accordingly,
the public interest is best served by
issuing this table expeditiously, without
an opportunity for notice and comment,
to allow as much time as possible to
estimate the value of plan benefits with
the proper table for plans with valuation
dates in early 2013.
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
regulation, the Regulatory Flexibility
Act of 1980 does not apply (5 U.S.C.
601(2)).
List of Subjects in 29 CFR Part 4044
Pension insurance, Pensions.
In consideration of the foregoing, 29
CFR part 4044 is amended as follows:
PART 4044—[AMENDED]
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.
2. Appendix D to part 4044 is
amended by removing Table I–12 and
adding in its place Table I–13 to read as
follows:
■
Appendix D to Part 4044—Tables Used
To Determine Expected Retirement Age
TABLE I–13—SELECTION OF RETIREMENT RATE CATEGORY
[For plans with valuation dates after December 31, 2012, and before January 1, 2014]
Participant’s retirement rate category is—
Low 1
if monthly
benefit at
URA is less
than—
If participant reaches URA in year—
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
.................................................................................................................
.................................................................................................................
.................................................................................................................
.................................................................................................................
.................................................................................................................
.................................................................................................................
.................................................................................................................
.................................................................................................................
.................................................................................................................
or later ....................................................................................................
1 Table
2 Table
wreier-aviles on DSK5TPTVN1PROD with
3 Table
Medium 2
if monthly
benefit at URA is—
From—
599
611
623
636
649
663
677
691
706
720
To—
599
611
623
636
649
663
677
691
706
720
II–A.
II–B.
II–C.
VerDate Mar<15>2010
14:04 Nov 29, 2012
Jkt 229001
PO 00000
Frm 00036
Fmt 4700
Sfmt 9990
E:\FR\FM\30NOR1.SGM
High 3 if
monthly benefit at URA is
greater than—
30NOR1
2,531
2,582
2,633
2,688
2,745
2,803
2,861
2,922
2,983
3,046
2,531
2,582
2,633
2,688
2,745
2,803
2,861
2,922
2,983
3,046
Federal Register / Vol. 77, No. 231 / Friday, November 30, 2012 / Rules and Regulations
*
*
*
*
*
Issued in Washington, DC, this 20th day of
November, 2012.
Laricke Blanchard,
Deputy Director for Policy, Pension Benefit
Guaranty Corporation.
[FR Doc. 2012–28892 Filed 11–29–12; 8:45 am]
BILLING CODE 7709–01–P
ENVIRONMENTAL PROTECTION
AGENCY
40 CFR Parts 60 and 63
[EPA–HQ–OAR–2009–0234; EPA–HQ–OAR–
2011–0044; FRL–9733–2]
RIN 2060–AR62
Reconsideration of Certain New
Source and Startup/Shutdown Issues:
National Emission Standards for
Hazardous Air Pollutants From Coaland Oil-Fired Electric Utility Steam
Generating Units and Standards of
Performance for Fossil-Fuel-Fired
Electric Utility, Industrial-CommercialInstitutional, and Small IndustrialCommercial-Institutional Steam
Generating Units
Environmental Protection
Agency (EPA).
ACTION: Proposed rules; notice of public
hearing.
AGENCY:
On February 16, 2012,
pursuant to sections 111 and 112 of the
Clean Air Act (CAA), the EPA published
the final rules titled ‘‘National Emission
Standards for Hazardous Air Pollutants
from Coal- and Oil-fired Electric Utility
Steam Generating Units and Standards
of Performance for Fossil-Fuel-Fired
Electric Utility, Industrial-CommercialInstitutional, and Small IndustrialCommercial-Institutional Steam
Generating Units.’’ The National
Emission Standards for Hazardous Air
Pollutants (NESHAP) rule issued
pursuant to CAA section 112 is referred
to as the Mercury and Air Toxics
Standards (MATS), and the New Source
Performance Standards rule issued
pursuant to CAA section 111 is referred
to as the Utility NSPS. The
Administrator received petitions for
reconsideration of certain aspects of
MATS and the Utility NSPS. In this
notice, the EPA is announcing
reconsideration of certain new source
standards for MATS, the requirements
applicable during periods of startup and
shutdown for MATS, the startup and
shutdown provisions related to the
particulate matter (PM) standard in the
Utility NSPS, and certain revisions to
the definitional and monitoring
provisions of the Utility NSPS. We are
wreier-aviles on DSK5TPTVN1PROD with
SUMMARY:
VerDate Mar<15>2010
14:04 Nov 29, 2012
Jkt 229001
also proposing certain technical
corrections to both MATS and the
Utility NSPS.
We seek comment only on the aspects
of the final MATS and Utility NSPS
rules specifically identified in this
notice. We are not opening for
reconsideration any other provisions of
MATS or the Utility NSPS at this time.
DATES: Comments. Comments must be
received on or before December 31,
2012. Because of the need to resolve the
issues identified in this notice in a
timely manner, the EPA does not intend
to grant requests for extensions beyond
this date.
Public Hearing. If anyone contacts the
EPA by December 10, 2012 requesting to
speak at a public hearing, the EPA will
hold a public hearing on December 18,
2012. If a public hearing is held, it will
be held from 9:00 a.m. to 7:00 p.m.,
Eastern time, in Room 1153 EPA East
Hearing room, 1201 Constitution
Avenue NW., Washington, DC 20460,
(202) 564–1657. For further information
on the public hearing and requests to
speak, see the ADDRESSES section of this
preamble.
ADDRESSES: Comments. Submit your
comments, identified by Docket ID. No.
EPA–HQ–OAR–2011–0044 (NSPS
action) or Docket ID No. EPA–HQ–
OAR–2009–0234 (NESHAP/MATS
action), by one of the following
methods:
• https://www.regulations.gov. Follow
the instructions for submitting
comments.
• https://www.epa.gov/oar/
docket.html. Follow the instructions for
submitting comments on the EPA Air
and Radiation Docket Web Site.
• Email: Comments may be sent by
electronic mail (email) to a-and-rdocket@epa.gov, Attention EPA–HQ–
OAR–2011–0044 (NSPS action) or EPA–
HQ–OAR–2009–0234 (NESHAP/MATS
action).
• Fax: Fax your comments to: (202)
566–9744, Docket ID No. EPA–HQ–
OAR–2011–0044 (NSPS action) or
Docket ID No. EPA–HQ–OAR–2009–
0234 (NESHAP/MATS action).
• Mail: Send your comments on the
NESHAP/MATS action to: EPA Docket
Center (EPA/DC), Environmental
Protection Agency, Mailcode: 2822T,
1200 Pennsylvania Ave. NW.,
Washington, DC 20460, Docket ID No.
EPA–HQ–OAR–2009–0234. Send your
comments on the NSPS action to: EPA
Docket Center (EPA/DC), Environmental
Protection Agency, Mailcode: 2822T,
1200 Pennsylvania Ave. NW.,
Washington, DC 20460, Docket ID. EPA–
HQ–OAR–2011–0044. Please include a
total of two copies. In addition, please
PO 00000
Frm 00037
Fmt 4700
Sfmt 4700
71323
mail a copy of your comments on the
information collection provisions to the
Office of Information and Regulatory
Affairs, OMB, Attn: Desk Officer for
EPA, 725 17th St. NW., Washington, DC
20503.
• Hand Delivery or Courier: Deliver
your comments to: EPA Docket Center,
EPA West, Room 3334, 1301
Constitution Ave. NW., Washington, DC
20460. Please include a total of two
copies. Such deliveries are only
accepted during the Docket’s normal
hours of operation (8:30 a.m. to 4:30
p.m., Monday through Friday, excluding
legal holiday), and special arrangements
should be made for deliveries of boxed
information.
Instructions. All submissions must
include agency name and respective
docket number or Regulatory
Information Number (RIN) for this
rulemaking. All comments will be
posted without change and may be
made available online at https://
www.regulations.gov, including any
personal information provided, unless
the comment includes information
claimed to be confidential business
information (CBI) or other information
whose disclosure is restricted by statute.
Do not submit information that you
consider to be CBI or otherwise
protected through https://
www.regulations.gov or email. The
https://www.regulations.gov Web site is
an ‘‘anonymous access’’ system, which
means the EPA will not know your
identity or contact information unless
you provide it in the body of your
comment. If you send an email
comment directly to the EPA without
going through https://
www.regulations.gov, your email
address will be automatically captured
and included as part of the comment
that is placed in the public docket and
made available on the Internet. If you
submit an electronic comment, the EPA
recommends that you include your
name and other contact information in
the body of your comment and with any
disk or CD–ROM you submit. If the EPA
cannot read your comment due to
technical difficulties and cannot contact
you for clarification, the EPA may not
be able to consider your comment.
Electronic files should avoid the use of
special characters, any form of
encryption, and be free of any defects or
viruses.
Public Hearing. If anyone contacts
EPA by December 10, 2012 requesting to
speak at a public hearing, the EPA will
hold a public hearing on December 18,
2012. If a public hearing is held, it will
be held from 9:00 a.m. to 7:00 p.m.,
Eastern time in Room 1153 EPA East
Hearing room, 1201 Constitution
E:\FR\FM\30NOR1.SGM
30NOR1
Agencies
[Federal Register Volume 77, Number 231 (Friday, November 30, 2012)]
[Rules and Regulations]
[Pages 71321-71323]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28892]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Part 4044
Allocation of Assets in Single-Employer Plans; Valuation of
Benefits and Assets; Expected Retirement Age
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: This rule amends the Pension Benefit Guaranty Corporation's
regulation on Allocation of Assets in Single-Employer Plans by
substituting a new table for determining expected retirement ages for
participants in pension plans undergoing distress or involuntary
termination with valuation dates falling in 2013. This table is needed
in order to compute the value of early retirement benefits and, thus,
the total value of benefits under a plan.
DATES: Effective Date: January 1, 2013.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, 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.)
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
(PBGC) administers the pension plan termination insurance program under
Title IV of the Employee Retirement Income Security Act of 1974
(ERISA). PBGC's regulation on Allocation of Assets in Single-Employer
Plans (29 CFR part 4044) sets forth (in subpart B) the methods for
valuing plan benefits of terminating single-employer plans covered
under Title IV. Guaranteed benefits and benefit liabilities under a
[[Page 71322]]
plan that is undergoing a distress termination must be valued in
accordance with subpart B of part 4044. In addition, when PBGC
terminates an underfunded plan involuntarily pursuant to ERISA section
4042(a), it uses the subpart B valuation rules to determine the amount
of the plan's underfunding.
Under Sec. 4044.51(b) of the asset allocation regulation, early
retirement benefits are valued based on the annuity starting date, if a
retirement date has been selected, or the expected retirement age, if
the annuity starting date is not known on the valuation date. Sections
4044.55 through 4044.57 set forth rules for determining the expected
retirement ages for plan participants entitled to early retirement
benefits. Appendix D of part 4044 contains tables to be used in
determining the expected early retirement ages.
Table I in appendix D (Selection of Retirement Rate Category) is
used to determine whether a participant has a low, medium, or high
probability of retiring early. The determination is based on the year a
participant would reach ``unreduced retirement age'' (i.e., the earlier
of the normal retirement age or the age at which an unreduced benefit
is first payable) and the participant's monthly benefit at unreduced
retirement age. The table applies only to plans with valuation dates in
the current year and is updated annually by the PBGC to reflect changes
in the cost of living, etc.
Tables II-A, II-B, and II-C (Expected Retirement Ages for
Individuals in the Low, Medium, and High Categories respectively) are
used to determine the expected retirement age after the probability of
early retirement has been determined using Table I. These tables
establish, by probability category, the expected retirement age based
on both the earliest age a participant could retire under the plan and
the unreduced retirement age. This expected retirement age is used to
compute the value of the early retirement benefit and, thus, the total
value of benefits under the plan.
This document amends appendix D to replace Table I-12 with Table I-
13 in order to provide an updated correlation, appropriate for calendar
year 2013, between the amount of a participant's benefit and the
probability that the participant will elect early retirement. Table I-
13 will be used to value benefits in plans with valuation dates during
calendar year 2013.
PBGC has determined that notice of and public comment on this rule
are impracticable and contrary to the public interest. Plan
administrators need to be able to estimate accurately the value of plan
benefits as early as possible before initiating the termination
process. For that purpose, if a plan has a valuation date in 2013, the
plan administrator needs the updated table being promulgated in this
rule. Accordingly, the public interest is best served by issuing this
table expeditiously, without an opportunity for notice and comment, to
allow as much time as possible to estimate the value of plan benefits
with the proper table for plans with valuation dates in early 2013.
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 regulation, the Regulatory Flexibility Act of 1980 does not apply
(5 U.S.C. 601(2)).
List of Subjects in 29 CFR Part 4044
Pension insurance, Pensions.
In consideration of the foregoing, 29 CFR part 4044 is amended as
follows:
PART 4044--[AMENDED]
0
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.
0
2. Appendix D to part 4044 is amended by removing Table I-12 and adding
in its place Table I-13 to read as follows:
Appendix D to Part 4044--Tables Used To Determine Expected Retirement
Age
Table I-13--Selection of Retirement Rate Category
[For plans with valuation dates after December 31, 2012, and before January 1, 2014]
----------------------------------------------------------------------------------------------------------------
Participant's retirement rate category is--
---------------------------------------------------------------
Medium \2\ if monthly benefit High \3\ if
If participant reaches URA in year-- Low \1\ if at URA is-- monthly
monthly -------------------------------- benefit at URA
benefit at URA is greater
is less than-- From-- To-- than--
----------------------------------------------------------------------------------------------------------------
2014............................................ 599 599 2,531 2,531
2015............................................ 611 611 2,582 2,582
2016............................................ 623 623 2,633 2,633
2017............................................ 636 636 2,688 2,688
2018............................................ 649 649 2,745 2,745
2019............................................ 663 663 2,803 2,803
2020............................................ 677 677 2,861 2,861
2021............................................ 691 691 2,922 2,922
2022............................................ 706 706 2,983 2,983
2023 or later................................... 720 720 3,046 3,046
----------------------------------------------------------------------------------------------------------------
\1\ Table II-A.
\2\ Table II-B.
\3\ Table II-C.
[[Page 71323]]
* * * * *
Issued in Washington, DC, this 20th day of November, 2012.
Laricke Blanchard,
Deputy Director for Policy, Pension Benefit Guaranty Corporation.
[FR Doc. 2012-28892 Filed 11-29-12; 8:45 am]
BILLING CODE 7709-01-P