Privacy Act of 1974; Implementation, 34051-34052 [2015-14641]
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Federal Register / Vol. 80, No. 114 / Monday, June 15, 2015 / Rules and Regulations
monthly annuity, we will base the
reduction on that monthly amount.
(iii) If the period or the equivalent
monthly pension benefit is not clear, we
may determine the reduction period and
the equivalent monthly benefit on an
individual basis.
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*
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PART 1—INCOME TAXES
[FR Doc. 2015–14509 Filed 6–12–15; 8:45 am]
■
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
■
Authority: 26 U.S.C. 7805 * * *
§ 1.446–3
[Corrected]
Par. 2. Section 1.446–3 is amended by
removing paragraph (k).
BILLING CODE 4191–02–P
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
DEPARTMENT OF THE TREASURY
[FR Doc. 2015–14622 Filed 6–12–15; 8:45 am]
Internal Revenue Service
34051
from members of the public regarding
this system’s exemption from the access
provisions of the Privacy Act. The
Department adjudicated the comments.
Both comments supported the approval
of the regulation.
List of Subjects in 28 CFR Part 16
Administrative practices and
procedures, Courts, Freedom of
information, Privacy, Sunshine Act.
Pursuant to the authority vested in the
Attorney General by 5 U.S.C. 552a and
delegated to me by Attorney General
Order 2940–2008, 28 CFR part 16 is
amended as follows:
BILLING CODE 4830–01–P
PART 16—[AMENDED]
26 CFR Part 1
1. The authority citation for part 16 is
revised to read as follows:
■
DEPARTMENT OF JUSTICE
[TD 9719]
Authority: 5 U.S.C. 301, 552, 552a, 552b(g),
553; 18 U.S.C. 4203(a)(1); 28 U.S.C. 509, 510,
534; 31 U.S.C. 3717, 9701.
28 CFR Part 16
RIN 1545–BM62
[CPCLO Order No. 008–2015]
Notional Principal Contracts; Swaps
With Nonperiodic Payments;
Correction
Privacy Act of 1974; Implementation
Internal Revenue Service (IRS),
Treasury.
ACTION: Correcting amendment.
AGENCY:
This document contains
corrections to final regulations (TD
9719) that were published in the
Federal Register on May 8, 2015 (80 FR
26437). The final regulations amend the
treatment of nonperiodic payments
made or received pursuant to certain
notional principal contracts.
DATES: This correction is effective on
June 15, 2015 and applicable May 8,
2015.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Alexa T. Dubert at (202) 317–6895 (not
a toll free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9719) that
are the subject of this correction is
under section 446 of the Internal
Revenue Code.
Need for Correction
wreier-aviles on DSK5TPTVN1PROD with RULES
As published, the final regulations
(TD 9719) 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:
VerDate Sep<11>2014
15:17 Jun 12, 2015
Jkt 235001
Department of Justice.
ACTION: Final rule.
AGENCY:
The Department of Justice
(DOJ or Department) amends its Privacy
Act regulations for the system of records
entitled ‘‘Giglio Information System,
JUSTICE/DOJ–017.’’ Information in this
system of records has been established
to enable DOJ investigative agencies to
collect and maintain records of potential
impeachment information and to
disclose such information to DOJ
prosecuting offices in order to ensure
that prosecutors receive sufficient
information to meet their obligations
under Giglio v. United States, 405 U.S.
150 (1972), as well as to enable DOJ
prosecuting offices to maintain records
of potential impeachment information
obtained from DOJ investigative
agencies, other federal agencies, and
state, and local agencies and to disclose
such information in accordance with the
Giglio decision.
DATES: Effective Date: June 15, 2015.
FOR FURTHER INFORMATION CONTACT:
Tricia Francis, Executive Office for
United States Attorneys, FOIA/Privacy
Staff, 600 E Street NW., Suite 7300,
Washington, DC 20530, or by facsimile
(202) 252–6047.
SUPPLEMENTARY INFORMATION: The
Department published a notice of
proposed rulemaking (NPRM) in the
Federal Register at 80 FR 15951, Mar.
26, 2015. The Department invited public
comment on the NPRM and the
accompanying system notice (SORN).
The comment period closed on April 27,
2015 for both the NPRM and the SORN.
The Department received two comments
SUMMARY:
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Subpart E—Exemption of Records
Systems Under the Privacy Act
§ 16.81
[AMENDED]
2. Amend § 16.81 by removing and
reserving paragraphs (g) and (h).
■ 3. Add § 16.136 to subpart E to read
as follows:
■
§ 16.136 Exemption of the Department of
Justice, Giglio Information System, Justice/
DOJ–017.
(a) The Department of Justice, Giglio
Information Files (JUSTICE/DOJ–017)
system of records is exempted from
subsections (c)(3) and (4); (d)(1), (2), (3),
and (4); (e)(1), (2), (3), (4)(G), (H), and
(I), (5), and (8); (f); and (g) of the Privacy
Act. These exemptions apply only to the
extent that information in this system is
subject to exemption pursuant to 5
U.S.C. 552a(j) and/or (k).
(b) Exemptions from the particular
subsections are justified for the
following reasons:
(1) From subsection (c)(3) because this
subsection is inapplicable to the extent
that an exemption is being claimed for
subsection (d).
(2) From subsection (c)(4) because this
subsection is inapplicable to the extent
that an exemption is being claimed for
subsection (d).
(3) From subsection (d) because
access to the records contained in this
system may interfere with or impede an
ongoing investigation as it may be
related to allegations against an agent or
witness who is currently being
investigated. Further, other records that
are derivative of the subject’s employing
agency files may be accessed through
the employing agency’s files.
(4) From subsection (e)(1) because it
may not be possible to determine in
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15JNR1
wreier-aviles on DSK5TPTVN1PROD with RULES
34052
Federal Register / Vol. 80, No. 114 / Monday, June 15, 2015 / Rules and Regulations
advance if potential impeachment
records collected and maintained in
order to sufficiently meet the
Department’s Giglio requirements and
obligations are all relevant and
necessary. In order to ensure that the
Department’s prosecutors and
investigative agencies receive sufficient
information to meet their obligations
under Giglio, it is appropriate to
maintain potential impeachment
information in accordance with
Department policy as such records
could later be relevant and necessary in
a different case in which the same
witness or affiant subsequently testifies.
(5) From subsection (e)(2) because
collecting information directly from the
subject individual could serve notice
that the individual is the subject of
investigation and because of the nature
of the records in this system, which are
used to impeach or demonstrate bias of
a witness, requires that the information
be collected from others.
(6) From subsection (e)(3) because
federal law enforcement officers receive
notice from their supervisors and
prosecuting attorneys that impeachment
information may be used at trial. Law
enforcement officers are also given
notice by the Giglio decision itself.
(7) From subsections (e)(4)(G), (H),
and (I) because this system of records is
exempt from the access and amendment
provisions of subsection (d).
(8) From subsection (e)(5) because it
may not be possible to determine in
advance if all potential impeachment
records collected and maintained in
order to sufficiently meet the
Department’s Giglio requirements and
obligations are all accurate, relevant,
timely, and complete at the time of
collection. Although the Department has
policies in place to verify the records,
the records may be originated from
another agency, third party, or open
source media and it may be impossible
to ensure the accuracy, relevance,
timeliness, and completeness of
potential impeachment information
maintained prior to and during the
process of being verified.
(9) From subsection (e)(8) because the
nature of the Giglio discovery process
renders notice of compliance with the
compulsory discovery process
impractical.
(10) From subsections (f) and (g)
because these subsections are
inapplicable to the extent that the
system is exempt from other specific
subsections of the Privacy Act.
VerDate Sep<11>2014
15:17 Jun 12, 2015
Jkt 235001
Dated: June 4, 2015.
Erika Brown Lee,
Chief Privacy and Civil Liberties Officer,
United States Department of Justice.
[FR Doc. 2015–14641 Filed 6–12–15; 8:45 am]
BILLING CODE 4410–FB–P
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Parts 4022 and 4044
Allocation of Assets in SingleEmployer Plans; Benefits Payable in
Terminated Single-Employer Plans;
Interest Assumptions for Valuing and
Paying Benefits
Pension Benefit Guaranty
Corporation.
ACTION: Final rule.
AGENCY:
This final rule amends the
Pension Benefit Guaranty Corporation’s
regulations on Benefits Payable in
Terminated Single-Employer Plans and
Allocation of Assets in Single-Employer
Plans to prescribe interest assumptions
under the benefit payments regulation
for valuation dates in July 2015 and
interest assumptions under the asset
allocation regulation for valuation dates
in the third quarter of 2015. The interest
assumptions are used for valuing and
paying benefits under terminating
single-employer plans covered by the
pension insurance system administered
by PBGC.
DATES: Effective July 1, 2015.
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
regulations on Allocation of Assets in
Single-Employer Plans (29 CFR part
4044) and Benefits Payable in
Terminated Single-Employer Plans (29
CFR part 4022) prescribe actuarial
assumptions—including interest
assumptions—for valuing and paying
plan benefits under terminating singleemployer plans covered by title IV of
the Employee Retirement Income
Security Act of 1974. The interest
assumptions in the regulations are also
published on PBGC’s Web site (https://
www.pbgc.gov).
The interest assumptions in Appendix
B to Part 4044 are used to value benefits
for allocation purposes under ERISA
section 4044. PBGC uses the interest
SUMMARY:
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Fmt 4700
Sfmt 4700
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 asset allocation
regulation are updated quarterly;
assumptions under the benefit payments
regulation are updated monthly. This
final rule updates the benefit payments
interest assumptions for July 2015 and
updates the asset allocation interest
assumptions for the third quarter (July
through September) of 2015.
The third quarter 2015 interest
assumptions under the allocation
regulation will be 2.32 percent for the
first 20 years following the valuation
date and 2.37 percent thereafter. In
comparison with the interest
assumptions in effect for the second
quarter of 2015, these interest
assumptions represent no change in the
select period (the period during which
the select rate (the initial rate) applies),
a decrease of 0.39 percent in the select
rate, and a decrease of 0.41 percent in
the ultimate rate (the final rate).
The July 2015 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 June 2015,
these interest assumptions represent an
increase of 0.50 percent in the
immediate annuity rate and are
otherwise 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 valuation
and payment of benefits under plans
with valuation dates during July 2015,
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’’
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Agencies
[Federal Register Volume 80, Number 114 (Monday, June 15, 2015)]
[Rules and Regulations]
[Pages 34051-34052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-14641]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF JUSTICE
28 CFR Part 16
[CPCLO Order No. 008-2015]
Privacy Act of 1974; Implementation
AGENCY: Department of Justice.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: The Department of Justice (DOJ or Department) amends its
Privacy Act regulations for the system of records entitled ``Giglio
Information System, JUSTICE/DOJ-017.'' Information in this system of
records has been established to enable DOJ investigative agencies to
collect and maintain records of potential impeachment information and
to disclose such information to DOJ prosecuting offices in order to
ensure that prosecutors receive sufficient information to meet their
obligations under Giglio v. United States, 405 U.S. 150 (1972), as well
as to enable DOJ prosecuting offices to maintain records of potential
impeachment information obtained from DOJ investigative agencies, other
federal agencies, and state, and local agencies and to disclose such
information in accordance with the Giglio decision.
DATES: Effective Date: June 15, 2015.
FOR FURTHER INFORMATION CONTACT: Tricia Francis, Executive Office for
United States Attorneys, FOIA/Privacy Staff, 600 E Street NW., Suite
7300, Washington, DC 20530, or by facsimile (202) 252-6047.
SUPPLEMENTARY INFORMATION: The Department published a notice of
proposed rulemaking (NPRM) in the Federal Register at 80 FR 15951, Mar.
26, 2015. The Department invited public comment on the NPRM and the
accompanying system notice (SORN). The comment period closed on April
27, 2015 for both the NPRM and the SORN. The Department received two
comments from members of the public regarding this system's exemption
from the access provisions of the Privacy Act. The Department
adjudicated the comments. Both comments supported the approval of the
regulation.
List of Subjects in 28 CFR Part 16
Administrative practices and procedures, Courts, Freedom of
information, Privacy, Sunshine Act.
Pursuant to the authority vested in the Attorney General by 5
U.S.C. 552a and delegated to me by Attorney General Order 2940-2008, 28
CFR part 16 is amended as follows:
PART 16--[AMENDED]
0
1. The authority citation for part 16 is revised to read as follows:
Authority: 5 U.S.C. 301, 552, 552a, 552b(g), 553; 18 U.S.C.
4203(a)(1); 28 U.S.C. 509, 510, 534; 31 U.S.C. 3717, 9701.
Subpart E--Exemption of Records Systems Under the Privacy Act
Sec. 16.81 [AMENDED]
0
2. Amend Sec. 16.81 by removing and reserving paragraphs (g) and (h).
0
3. Add Sec. 16.136 to subpart E to read as follows:
Sec. 16.136 Exemption of the Department of Justice, Giglio
Information System, Justice/DOJ-017.
(a) The Department of Justice, Giglio Information Files (JUSTICE/
DOJ-017) system of records is exempted from subsections (c)(3) and (4);
(d)(1), (2), (3), and (4); (e)(1), (2), (3), (4)(G), (H), and (I), (5),
and (8); (f); and (g) of the Privacy Act. These exemptions apply only
to the extent that information in this system is subject to exemption
pursuant to 5 U.S.C. 552a(j) and/or (k).
(b) Exemptions from the particular subsections are justified for
the following reasons:
(1) From subsection (c)(3) because this subsection is inapplicable
to the extent that an exemption is being claimed for subsection (d).
(2) From subsection (c)(4) because this subsection is inapplicable
to the extent that an exemption is being claimed for subsection (d).
(3) From subsection (d) because access to the records contained in
this system may interfere with or impede an ongoing investigation as it
may be related to allegations against an agent or witness who is
currently being investigated. Further, other records that are
derivative of the subject's employing agency files may be accessed
through the employing agency's files.
(4) From subsection (e)(1) because it may not be possible to
determine in
[[Page 34052]]
advance if potential impeachment records collected and maintained in
order to sufficiently meet the Department's Giglio requirements and
obligations are all relevant and necessary. In order to ensure that the
Department's prosecutors and investigative agencies receive sufficient
information to meet their obligations under Giglio, it is appropriate
to maintain potential impeachment information in accordance with
Department policy as such records could later be relevant and necessary
in a different case in which the same witness or affiant subsequently
testifies.
(5) From subsection (e)(2) because collecting information directly
from the subject individual could serve notice that the individual is
the subject of investigation and because of the nature of the records
in this system, which are used to impeach or demonstrate bias of a
witness, requires that the information be collected from others.
(6) From subsection (e)(3) because federal law enforcement officers
receive notice from their supervisors and prosecuting attorneys that
impeachment information may be used at trial. Law enforcement officers
are also given notice by the Giglio decision itself.
(7) From subsections (e)(4)(G), (H), and (I) because this system of
records is exempt from the access and amendment provisions of
subsection (d).
(8) From subsection (e)(5) because it may not be possible to
determine in advance if all potential impeachment records collected and
maintained in order to sufficiently meet the Department's Giglio
requirements and obligations are all accurate, relevant, timely, and
complete at the time of collection. Although the Department has
policies in place to verify the records, the records may be originated
from another agency, third party, or open source media and it may be
impossible to ensure the accuracy, relevance, timeliness, and
completeness of potential impeachment information maintained prior to
and during the process of being verified.
(9) From subsection (e)(8) because the nature of the Giglio
discovery process renders notice of compliance with the compulsory
discovery process impractical.
(10) From subsections (f) and (g) because these subsections are
inapplicable to the extent that the system is exempt from other
specific subsections of the Privacy Act.
Dated: June 4, 2015.
Erika Brown Lee,
Chief Privacy and Civil Liberties Officer, United States Department of
Justice.
[FR Doc. 2015-14641 Filed 6-12-15; 8:45 am]
BILLING CODE 4410-FB-P