Disclosure to Shareholders; Pension Benefit Disclosures, 26822 [2015-11286]

Download as PDF 26822 Federal Register / Vol. 80, No. 90 / Monday, May 11, 2015 / Rules and Regulations Done in Washington, DC, this 6th day of May 2015. Kevin Shea, Administrator, Animal and Plant Health Inspection Service. Administration, McLean, VA 22102– 5090, (703) 883–4020, TTY (703) 883– 4056. [FR Doc. 2015–11311 Filed 5–8–15; 8:45 am] BILLING CODE 3410–34–P FARM CREDIT ADMINISTRATION 12 CFR Part 620 RIN 3052–AD02 Disclosure to Shareholders; Pension Benefit Disclosures Farm Credit Administration. Notice of effective date. AGENCY: ACTION: The Farm Credit Administration (FCA or we) adopted a final rule related to Farm Credit System (System) bank and association disclosures to shareholders and investors of senior officer compensation in the Summary Compensation Table (Table). Under the final rule, System banks and associations are not required to report in the Table the compensation of employees who are not senior officers and who would not otherwise be considered ‘‘highly compensated employees’’ but for the payments related to, or change(s) in value of, the employees’ qualified pension plans, provided that the plans were available to all employees on the same basis at the time the employees joined the plans. In accordance with the law, the effective date of the rule is 30 days from the date of publication in the Federal Register during which either or both Houses of Congress are in session. DATES: Effective Date: Under the authority of 12 U.S.C. 2252, the regulation amending 12 CFR part 620 published on February 26, 2015 (80 FR 10325) is effective April 29, 2015. Compliance Date: System banks and associations must comply with the final rule for compensation reported in the Table for the fiscal year ending 2015, and may implement the final rule retroactively for the fiscal years ended 2014, 2013, and 2012. However, retroactive application is not required, and we would expect footnote disclosure of the change in calculation for the fiscal years to which the final rule was applied. FOR FURTHER INFORMATION CONTACT: Michael T. Wilson, Policy Analyst, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102– 5090, (703) 883–4124, TTY (703) 883– 4056, or Jeff Pienta, Senior Attorney, Office of General Counsel, Farm Credit Lhorne on DSK2VPTVN1PROD with RULES SUMMARY: VerDate Sep<11>2014 15:20 May 08, 2015 Jkt 235001 The Farm Credit Administration adopted a final rule related to System bank and association disclosures to shareholders and investors of senior officer compensation in the Summary Compensation Table. Under the final rule, System banks and associations are not required to report in the Table the compensation of employees who are not senior officers and who would not otherwise be considered ‘‘highly compensated employees’’ but for the payments related to, or change(s) in value of, the employees’ qualified pension plans, provided that the plans were available to all employees on the same basis at the time the employees joined the plans. In accordance with 12 U.S.C. 2252, the effective date of the final rule is 30 days from the date of publication in the Federal Register during which either or both Houses of Congress are in session. Based on the records of the sessions of Congress, the effective date of the regulations is April 29, 2015. SUPPLEMENTARY INFORMATION: (12 U.S.C. 2252(a)(9) and (10)) Dated: May 5, 2015. Dale L. Aultman, Secretary, Farm Credit Administration Board. [FR Doc. 2015–11286 Filed 5–8–15; 8:45 am] BILLING CODE 6705–01–P registered civil aircraft for a foreign air carrier; and operators of U.S.-registered civil aircraft, except when such operators are foreign air carriers. On August 8, 2014, the FAA issued a Notice to Airmen (NOTAM) prohibiting flight operations in the ORBB FIR at all altitudes, subject to certain limited exceptions, due to the armed conflict in Iraq. This amendment to SFAR No. 77 incorporates the flight prohibition set forth in the August 8, 2014, NOTAM into the rule. The FAA is also revising the approval process for this SFAR for other U.S. Government departments, agencies, and instrumentalities, to align with the approval process established for other recently published flight prohibition SFARs. This final rule will remain in effect for two years. DATES: This final rule is effective May 11, 2015 through May 11, 2017. FOR FURTHER INFORMATION CONTACT: For technical questions about this action, contact Will Gonzalez, Air Transportation Division, AFS–220, Flight Standards Service, Federal Aviation Administration, 800 Independence Avenue SW., Washington, DC 20591; telephone: 202– 267–8166; email: will.gonzalez@faa.gov. For legal questions concerning this action, contact: Robert Frenzel, Office of the Chief Counsel, AGC–200, Federal Aviation Administration, 800 Independence Avenue SW., Washington, DC 20591; telephone (202) 267–7638, email: robert.frenzel@faa.gov. SUPPLEMENTARY INFORMATION: DEPARTMENT OF TRANSPORTATION Good Cause for Immediate Adoption Federal Aviation Administration Section 553(b)(3)(B) of title 5, U.S. Code, authorizes agencies to dispense with notice and comment procedures for rules when the agency for ‘‘good cause’’ finds that those procedures are ‘‘impracticable, unnecessary, or contrary to the public interest.’’ In this instance, the FAA finds that notice and public comment to this immediately adopted final rule, as well as any delay in the effective date of this rule, are impracticable and contrary to the public interest due to the immediate need to address the potential hazard to civil aviation that now exists in the ORBB FIR, as described in the Background section of this rule. 14 CFR Part 91 [Docket No. FAA–2003–14766; Amendment No. 91–327A; SFAR No. 77] RIN 2120–AK60 Prohibition Against Certain Flights Within the Baghdad (ORBB) Flight Information Region (FIR) Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Final rule. AGENCY: This action amends Special Federal Aviation Regulation (SFAR) No. 77, ‘‘Prohibition Against Certain Flights Within the Territory and Airspace of Iraq,’’ which prohibits certain flight operations in the territory and airspace of Iraq by all United States (U.S.) air carriers; U.S. commercial operators; persons exercising the privileges of a U.S. airman certificate, except when such persons are operating a U.S.- SUMMARY: PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 Authority for This Rulemaking The FAA is responsible for the safety of flight in the U.S. and for the safety of U.S. civil operators, U.S.-registered civil aircraft, and U.S.-certificated airmen throughout the world. The FAA’s authority to issue rules on aviation safety is found in title 49, U.S. Code. Subtitle I, section 106(f), E:\FR\FM\11MYR1.SGM 11MYR1

Agencies

[Federal Register Volume 80, Number 90 (Monday, May 11, 2015)]
[Rules and Regulations]
[Page 26822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-11286]


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FARM CREDIT ADMINISTRATION

12 CFR Part 620

RIN 3052-AD02


Disclosure to Shareholders; Pension Benefit Disclosures

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA or we) adopted a final 
rule related to Farm Credit System (System) bank and association 
disclosures to shareholders and investors of senior officer 
compensation in the Summary Compensation Table (Table). Under the final 
rule, System banks and associations are not required to report in the 
Table the compensation of employees who are not senior officers and who 
would not otherwise be considered ``highly compensated employees'' but 
for the payments related to, or change(s) in value of, the employees' 
qualified pension plans, provided that the plans were available to all 
employees on the same basis at the time the employees joined the plans. 
In accordance with the law, the effective date of the rule is 30 days 
from the date of publication in the Federal Register during which 
either or both Houses of Congress are in session.

DATES: Effective Date: Under the authority of 12 U.S.C. 2252, the 
regulation amending 12 CFR part 620 published on February 26, 2015 (80 
FR 10325) is effective April 29, 2015.
    Compliance Date: System banks and associations must comply with the 
final rule for compensation reported in the Table for the fiscal year 
ending 2015, and may implement the final rule retroactively for the 
fiscal years ended 2014, 2013, and 2012. However, retroactive 
application is not required, and we would expect footnote disclosure of 
the change in calculation for the fiscal years to which the final rule 
was applied.

FOR FURTHER INFORMATION CONTACT: Michael T. Wilson, Policy Analyst, 
Office of Regulatory Policy, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4124, TTY (703) 883-4056, or Jeff Pienta, Senior 
Attorney, Office of General Counsel, Farm Credit Administration, 
McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-4056.

SUPPLEMENTARY INFORMATION: The Farm Credit Administration adopted a 
final rule related to System bank and association disclosures to 
shareholders and investors of senior officer compensation in the 
Summary Compensation Table. Under the final rule, System banks and 
associations are not required to report in the Table the compensation 
of employees who are not senior officers and who would not otherwise be 
considered ``highly compensated employees'' but for the payments 
related to, or change(s) in value of, the employees' qualified pension 
plans, provided that the plans were available to all employees on the 
same basis at the time the employees joined the plans. In accordance 
with 12 U.S.C. 2252, the effective date of the final rule is 30 days 
from the date of publication in the Federal Register during which 
either or both Houses of Congress are in session. Based on the records 
of the sessions of Congress, the effective date of the regulations is 
April 29, 2015.

(12 U.S.C. 2252(a)(9) and (10))

    Dated: May 5, 2015.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2015-11286 Filed 5-8-15; 8:45 am]
BILLING CODE 6705-01-P
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