Minimum Value of Eligible Employer-Sponsored Plans and Other Rules Regarding the Health Insurance Premium Tax Credit; Correction, 2088 [2016-00701]

Download as PDF 2088 Federal Register / Vol. 81, No. 10 / Friday, January 15, 2016 / Rules and Regulations Sections 12.104 through 12.104i also issued under 19 U.S.C. 2612; * * * * * § 12.104g [Amended] 2. In § 12.104g, paragraph (a), the table is amended in the entry for Italy by removing the reference to ‘‘CBP Dec. 11–03’’ and adding in its place ‘‘CBP Dec. 16–02’’. ■ R. Gil Kerlikowske, Commissioner, U.S. Customs and Border Protection. Approved: January 12, 2016. Timothy E. Skud, Deputy Assistant Secretary of the Treasury. [FR Doc. 2016–00735 Filed 1–14–16; 8:45 am] under section 36B of the Internal Revenue Code. insurance system administered by PBGC. Need for Correction As published, the final regulations (TD 9745) contains an error that may prove to be misleading and is in need of clarification. DATES: 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 BILLING CODE 9111–14–P Paragraph 1. The authority citation for part 1 continues to read in part as follows: ■ DEPARTMENT OF THE TREASURY Authority: 26 U.S.C. 7805 * * * Internal Revenue Service Par. 2. Section 1.36B–3 is amended by revising paragraph (d)(2)(i)(A) to read as follows: ■ 26 CFR Part 1 [TD 9745] RIN 1545–BL43 § 1.36B–3 Computing the premium assistance credit amount. Minimum Value of Eligible EmployerSponsored Plans and Other Rules Regarding the Health Insurance Premium Tax Credit; Correction * Internal Revenue Service (IRS), Treasury. ACTION: Final regulations; correcting amendment. AGENCY: This document contains corrections to final regulations (TD 9745) that were published in the Federal Register on Friday, December 18, 2015 (80 FR 78971). The final regulations are on the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the Medicare and Medicaid Extenders Act of 2010, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011, and the Department of Defense and Full Year Continuing Appropriations Act, 2011. DATES: This correction is effective January 15, 2016 and applicable December 18, 2015. FOR FURTHER INFORMATION CONTACT: Shareen Pflanz at (202) 317–4718 (not a toll-free number). SUPPLEMENTARY INFORMATION: Lhorne on DSK5TPTVN1PROD with RULES SUMMARY: Background The final regulations (TD 9745) that are the subject of this correction are VerDate Sep<11>2014 15:13 Jan 14, 2016 Jkt 238001 * * * * (d) * * * (2) * * * (i) * * * (A) The enrollment premiums for the month (reduced by any amounts that were refunded); or * * * * * Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. 2016–00701 Filed 1–14–16; 8:45 am] BILLING CODE 4830–01–P PENSION BENEFIT GUARANTY CORPORATION 29 CFR Part 4022 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 February 2016. The interest assumptions are used for paying benefits under terminating singleemployer plans covered by the pension SUMMARY: PO 00000 Frm 00022 Fmt 4700 Sfmt 4700 Effective February 1, 2016. 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 (http://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 February 2016.1 The February 2016 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 January 2016, 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 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\15JAR1.SGM 15JAR1

Agencies

[Federal Register Volume 81, Number 10 (Friday, January 15, 2016)]
[Rules and Regulations]
[Page 2088]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-00701]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9745]
RIN 1545-BL43


Minimum Value of Eligible Employer-Sponsored Plans and Other 
Rules Regarding the Health Insurance Premium Tax Credit; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations; correcting amendment.

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SUMMARY: This document contains corrections to final regulations (TD 
9745) that were published in the Federal Register on Friday, December 
18, 2015 (80 FR 78971). The final regulations are on the health 
insurance premium tax credit enacted by the Patient Protection and 
Affordable Care Act and the Health Care and Education Reconciliation 
Act of 2010, as amended by the Medicare and Medicaid Extenders Act of 
2010, the Comprehensive 1099 Taxpayer Protection and Repayment of 
Exchange Subsidy Overpayments Act of 2011, and the Department of 
Defense and Full Year Continuing Appropriations Act, 2011.

DATES: This correction is effective January 15, 2016 and applicable 
December 18, 2015.

FOR FURTHER INFORMATION CONTACT: Shareen Pflanz at (202) 317-4718 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulations (TD 9745) that are the subject of this 
correction are under section 36B of the Internal Revenue Code.

Need for Correction

    As published, the final regulations (TD 9745) contains 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

0
Paragraph 1. The authority citation for part 1 continues to read in 
part as follows:

    Authority: 26 U.S.C. 7805 * * * 


0
Par. 2. Section 1.36B-3 is amended by revising paragraph (d)(2)(i)(A) 
to read as follows:


Sec.  1.36B-3  Computing the premium assistance credit amount.

* * * * *
    (d) * * *
    (2) * * *
    (i) * * *
    (A) The enrollment premiums for the month (reduced by any amounts 
that were refunded); or
* * * * *

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel, (Procedure and Administration).
[FR Doc. 2016-00701 Filed 1-14-16; 8:45 am]
 BILLING CODE 4830-01-P