Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits, 21127-21128 [2014-08483]
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Federal Register / Vol. 79, No. 72 / Tuesday, April 15, 2014 / Rules and Regulations
21127
TABLE 1—ORIGINAL AND SUPPLEMENTAL NADAS AND ANADAS APPROVED DURING MARCH 2014
NADA/
ANADA
Sponsor
New animal drug
product name
200–468 ...
Cross Vetpharm Group Ltd.,
Broomhill Rd., Tallaght,
Dublin 24, Ireland.
Cross Vetpharm Group Ltd.,
Broomhill Rd., Tallaght,
Dublin 24, Ireland.
GENTAMED–P for Poultry
(gentamicin sulfate) Injection.
XYLAMED (xylazine) Injection.
200–529 ...
21 CFR
Section
FOIA
Summary
ge101–
522.1044
yes ...........
CE.1 2
ge047–
522.2662
yes ...........
CE.1 2
Action
Original approval as a
neric copy of NADA
862.
Original approval as a
neric copy of NADA
956.
NEPA
Review
1 The Agency has determined under 21 CFR 25.33 that this action is categorically excluded (CE) from the requirement to submit an environmental assessment or an environmental impact statement because it is of a type that does not individually or cumulatively have a significant effect on the human environment.
2 CE granted under 21 CFR 25.33(a)(1).
List of Subjects in 21 CFR Part 522
PENSION BENEFIT GUARANTY
CORPORATION
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.
2. In 522.313c, revise paragraph (d) to
read as follows:
■
Ceftiofur sodium.
*
*
*
*
*
(d) Special considerations. Federal
law restricts this drug to use by or on
the order of a licensed veterinarian.
Federal law prohibits extra-label use of
this drug in cattle, swine, chickens, and
turkeys for disease prevention purposes;
at unapproved doses, frequencies,
durations, or routes of administration;
and in unapproved major foodproducing species/production classes.
*
*
*
*
*
§ 522.1044
[Amended]
3. In § 522.1044, in paragraph (b)(4),
remove ‘‘No. 000859’’ and in its place
add ‘‘Nos. 000859 and 061623’’.
■
§ 522.2662
[Amended]
4. In § 522.2662, in paragraph (b)(2),
remove ‘‘No. 000010’’ and in its place
add ’’ Nos. 000010 and 061623’’.
ehiers on DSK2VPTVN1PROD with RULES
■
Dated: April 9, 2014.
Bernadette Dunham,
Director, Center for Veterinary Medicine.
[FR Doc. 2014–08445 Filed 4–14–14; 8:45 am]
BILLING CODE 4160–01–P
VerDate Mar<15>2010
14:48 Apr 14, 2014
Jkt 232001
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
May 2014. The interest assumptions are
used for paying benefits under
terminating single-employer plans
covered by the pension insurance
system administered by PBGC.
DATES: Effective May 1, 2014.
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.)
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
SUMMARY:
■
§ 522.313c
29 CFR Part 4022
PO 00000
Frm 00007
Fmt 4700
Sfmt 4700
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 May 2014.1
The May 2014 interest assumptions
under the benefit payments regulation
will be 1.50 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
assumptions in effect for April 2014,
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 May 2014, 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.
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\15APR1.SGM
15APR1
21128
Federal Register / Vol. 79, No. 72 / Tuesday, April 15, 2014 / Rules and Regulations
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.
On or after
*
Authority: 29 U.S.C. 1302, 1322, 1322b,
1341(c)(3)(D), and 1344.
PART 4022—BENEFITS PAYABLE IN
TERMINATED SINGLE-EMPLOYER
PLANS
■
1. The authority citation for part 4022
continues to read as follows:
Before
5–1–14
3. In appendix C to part 4022, Rate Set
247, as set forth below, is added to the
table.
■
For plans with a
valuation date
On or after
*
*
247
5–1–14
[FR Doc. 2014–08483 Filed 4–14–14; 8:45 am]
BILLING CODE 7709–012–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2014–0237]
Drawbridge Operation Regulation;
Duwamish Waterway, Seattle, WA
Coast Guard, DHS.
Notice of deviation from
drawbridge regulation.
AGENCY:
ACTION:
The Coast Guard has issued a
temporary deviation from the operating
schedule that governs the South Park
Highway Bridge across the Duwamish
Waterway, mile 3.8, at Seattle,
Washington. The deviation is necessary
to enable timely completion of
drawbridge construction. This deviation
allows the drawbridge to remain closed
to mariners needing a full channel,
ehiers on DSK2VPTVN1PROD with RULES
VerDate Mar<15>2010
14:48 Apr 14, 2014
*
*
*
Issued in Washington, DC, on this 8th day
of April 2014.
Judith Starr,
General Counsel, Pension Benefit Guaranty
Corporation.
Jkt 232001
*
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*
*
i3
*
n1
*
4.00
n2
*
7
8
n1
n2
Appendix C to Part 4022—Lump Sum
Interest Rates For Private-Sector
Payments
6–1–14
SUMMARY:
4.00
*
*
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
Before
*
i2
*
4.00
1.50
*
Rate set
i1
*
6–1–14
Appendix B to Part 4022—Lump Sum
Interest Rates For PBGC Payments
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
*
247
2. In appendix B to part 4022, Rate Set
247, as set forth below, is added to the
table.
■
For plans with a
valuation date
Rate set
In consideration of the foregoing, 29
CFR part 4022 is amended as follows:
1.50
i1
i2
*
4.00
i3
4.00
*
double bascule leaf drawbridge opening
unless 12 hours advance notice is
provided. Mariners that only require a
single leaf, half channel drawbridge
opening will be given an opening upon
signal.
DATES: This deviation is effective
without actual notice from April 15,
2014 until 11:59 p.m. on September 1,
2014. For the purposes of enforcement,
actual notice will be used from 12:01
a.m. on March 30, 2014, until April 15,
2014.
ADDRESSES: The docket for this
deviation, [USCG–2014–0237] is
available at https://www.regulations.gov.
Type the docket number in the
‘‘SEARCH’’ box and click ‘‘SEARCH.’’
Click on Open Docket Folder on the line
associated with this deviation. You may
also visit the Docket Management
Facility in Room W12–140 on the
ground floor of the Department of
Transportation West Building, 1200
New Jersey Avenue SE., Washington,
DC 20590, between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal
holidays.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this temporary
deviation, call or email Mr. Steven M.
Fischer, Thirteenth District Bridge
Administrator, Coast Guard; telephone
PO 00000
Frm 00008
Fmt 4700
Sfmt 4700
*
4.00
*
7
8
206–220–7282, email:
Steven.M.Fischer3@uscg.mil. If you
have questions on viewing the docket,
call Cheryl Collins, Program Manager,
Docket Operations, telephone 202–366–
9826.
SUPPLEMENTARY INFORMATION: The South
Park Highway double bascule span
drawbridge replacement project has
progressed to the point where both
bascule spans have been installed. King
County Road Services Division
requested a deviation to the drawbridge
operation schedule to enable timely
completion of the bridge construction
project. The South Park Highway
Double Bascule Bridge is located at
Duwamish Waterway, mile 3.8, in the
city of Seattle, Washington, and
provides 34.8 feet of vertical clearance
above at center span while in the closed
position and 30 feet of vertical clearance
at the extreme east and west ends of the
navigable channel and unlimited
vertical clearance with the bascule
bridge in the fully open position.
Vertical clearances are referenced to
mean high-water elevation (MHW).
Horizontal clearance is 128 feet.
However, horizontal clearance may be
restricted by construction barges. As
such, mariners are advised to consult
the Local Notice to Mariners for current
conditions.
E:\FR\FM\15APR1.SGM
15APR1
]]>Agencies
[Federal Register Volume 79, Number 72 (Tuesday, April 15, 2014)]
[Rules and Regulations]
[Pages 21127-21128]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-08483]
=======================================================================
-----------------------------------------------------------------------
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 May 2014. The interest assumptions are used for
paying benefits under terminating single-employer plans covered by the
pension insurance system administered by PBGC.
DATES: Effective May 1, 2014.
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.)
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 May 2014.\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 May 2014 interest assumptions under the benefit payments
regulation will be 1.50 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
assumptions in effect for April 2014, 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 May 2014, 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.
[[Page 21128]]
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 247, 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
247 5-1-14 6-1-14 1.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
0
3. In appendix C to part 4022, Rate Set 247, 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
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
247 5-1-14 6-1-14 1.50 4.00 4.00 4.00 7 8
--------------------------------------------------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on this 8th day of April 2014.
Judith Starr,
General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2014-08483 Filed 4-14-14; 8:45 am]
BILLING CODE 7709-012-P
