Allocation of Assets in Single-Employer Plans; Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits, 11413-11415 [2018-05197]
Download as PDF
<![CDATA[
Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Rules and Regulations
effective September 15, 2017, is
amended as follows:
Paragraph 5000
Class D Airspace.
*
*
*
*
*
ANM ID D Lewiston, ID [Amended]
Lewiston-Nez Perce County Airport, ID
(Lat. 46°22′28″ N, long. 117°00′55″ W)
That airspace extending upward from the
surface to and including 2,700 feet MSL
within a 4.1-mile radius from Lewiston-Nez
Perce County Airport clockwise from the
airport 290° bearing to the 066° bearing, and
within a 5.1-mile radius of the airport from
the 066° bearing to the airport 115° bearing
and within a 6.6-mile radius of the airport
from the 115° bearing to the airport 164°
bearing, and within a 4.1-mile radius of the
airport from the airport 164° bearing to the
airport 230° bearing, and within a 6.6-mile
radius of the airport from the 230° bearing to
the airport 290° bearing. This Class D
airspace area is effective during the specific
dates and times established in advance by a
Notice to Airmen. The effective date and time
will thereafter be continuously published in
the Chart Supplement.
Paragraph 6002 Class E Airspace
Designated as Surface Areas
*
*
*
*
ANM ID E5 Lewiston, ID [Amended]
Lewiston-Nez Perce County Airport, ID
(Lat. 46°22′28″ N, long. 117°00′55″ W)
That airspace upward from 700 feet above
the surface within a 6.3-mile radius of
Lewiston-Nez Perce County Airport, and
within 8.5 miles north and 4.3 miles south
of the airport 099° and 279° bearings
extending to 27.8 miles east and 22.5 miles
west of the airport; that airspace extending
upward from 1,200 feet above the surface
within a 62-mile radius of the Lewiston-Nez
Perce County Airport, and within 24 miles
each side of the 056° bearing from the airport
extending from the 62-mile radius to 92 miles
northeast of the airport.
Issued in Seattle, Washington, on March 5,
2018.
Shawn M. Kozica,
Manager, Operations Support Group, Western
Service Center.
[FR Doc. 2018–05049 Filed 3–14–18; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF LABOR
Occupational Safety and Health
Administration
*
ANM ID E2 Lewiston, ID [Amended]
Lewiston-Nez Perce County Airport, ID
(Lat. 46°22′28″ N, long. 117°00′55″ W)
That airspace extending upward from the
surface within a 4.1-mile radius from the
Lewiston-Nez Perce County Airport
clockwise from the airport 290° bearing to the
066° bearing, and within a 5.1-mile radius of
the airport from the 066° bearing to the
airport 115° bearing and within a 6.6-mile
radius of the airport from the 115° bearing to
the airport 164° bearing, and within a 4.1mile radius of the airport from the airport
164° bearing to the airport 230° bearing, and
within a 6.6-mile radius of the airport from
the 230° bearing to the airport 290° bearing.
This Class E airspace area is effective during
the specific dates and times established in
advance by a Notice to Airmen. The effective
date and time will thereafter be continuously
published in the Chart Supplement.
29 CFR Part 1910
Vinyl Chloride
CFR Correction
In Title 29 of the Code of Federal
Regulations, Part 1910.1000 to End,
revised as of July 1, 2017, on page 81,
in § 1910.1017, paragraph (n) is
reinstated to read as follows:
■
§ 1910.1017
Vinyl chloride.
*
sradovich on DSK3GMQ082PROD with RULES
Paragraph 6004 Class E Airspace
Designated as an Extension to a Class D or
Class E Surface Area
*
*
*
*
(n) The employer must, within 15
working days after the receipt of the
results of any monitoring performed
under this section, notify each affected
employee of these results and the steps
being taken to reduce exposures within
the permissible exposure limit either
individually in writing or by posting the
results in an appropriate location that is
accessible to affected employees.
[FR Doc. 2018–05312 Filed 3–14–18; 8:45 am]
*
*
*
*
ANM ID E4 Lewiston, ID [Amended]
Lewiston-Nez Perce County Airport, ID
(Lat. 46°22′28″ N, long. 117°00′55″ W)
That airspace within one mile each side of
the 100° bearing from the Lewiston-Nez Perce
County Airport extending from the airport
5.1-mile radius to 7.9 miles east of the
airport, and within 1.0 mile each side of the
313° bearing from the airport extending from
the airport 4.1-mile radius to 6.1 miles
northwest of the airport.
Paragraph 6005 Class E Airspace Areas
Extending Upward From 700 Feet or More
Above the Surface of the Earth
*
*
*
VerDate Sep<11>2014
*
*
16:27 Mar 14, 2018
Jkt 244001
*
BILLING CODE 1301–00–D
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.
AGENCY:
PO 00000
Frm 00019
Fmt 4700
Sfmt 4700
ACTION:
11413
Final rule.
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 April 2018 and
interest assumptions under the asset
allocation regulation for valuation dates
in the second quarter of 2018. 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 April 1, 2018.
FOR FURTHER INFORMATION CONTACT:
Hilary Duke (duke.hilary@PBGC.gov),
Assistant General Counsel for
Regulatory Affairs, Pension Benefit
Guaranty Corporation, 1200 K Street
NW, Washington, DC 20005, 202–326–
4400, ext. 3839. (TTY users may call the
Federal relay service toll free at 1–800–
877–8339 and ask to be connected to
202–326–4400, ext. 3839.)
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 website (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
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 April 2018 and
SUMMARY:
E:\FR\FM\15MRR1.SGM
15MRR1
11414
Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Rules and Regulations
updates the asset allocation interest
assumptions for the second quarter
(April through June) of 2018.
The second quarter 2018 interest
assumptions under the allocation
regulation will be 2.27 percent for the
first 20 years following the valuation
date and 2.59 percent thereafter. In
comparison with the interest
assumptions in effect for the first
quarter of 2018, these interest
assumptions represent no change in the
select period (the period during which
the select rate (the initial rate) applies),
a decrease of 0.12 percent in the select
rate, and a decrease of 0.01 percent in
the ultimate rate (the final rate).
The April 2018 interest assumptions
under the benefit payments regulation
will be 1.00 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 March 2018,
these interest assumptions represent a
0.25 percent increase in the immediate
rate and no changes in i1, i2, or i3.
For plans with a valuation date
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 April 2018,
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.
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).
Before
4–1–18
*
5–1–18
*
1.00
*
3. In appendix C to part 4022, Rate Set
294 is added at the end of the table to
read as follows:
■
For plans with a valuation date
*
Before
4–1–18
*
5–1–18
*
*
1.00
*
*
April–June 2018 ........................................
VerDate Sep<11>2014
16:08 Mar 14, 2018
Jkt 244001
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.
2. In appendix B to part 4022, Rate Set
294 is added at the end of the table to
read as follows:
■
Appendix B to Part 4022—Lump Sum
Interest Rates for PBGC Payments
*
*
*
i3
*
n1
*
n2
*
4.00
*
4.00
*
7
8
n1
n2
*
Deferred annuities
(percent)
i1
i2
*
i3
*
4.00
*
4.00
*
4.00
7
8
Appendix B to Part 4044—Interest
Rates Used To Value Benefits
5. In appendix B to part 4044, an entry
for ‘‘April–June 2018’’ is added at the
end of the table to read as follows:
*
■
4. The authority citation for part 4044
continues to read as follows:
For valuation dates occurring in the
month—
PART 4022—BENEFITS PAYABLE IN
TERMINATED SINGLE-EMPLOYER
PLANS
Authority: 29 U.S.C. 1301(a), 1302(b)(3),
1341, 1344, 1362.
PART 4044—ALLOCATION OF
ASSETS IN SINGLE-EMPLOYER
PLANS
■
Employee benefit plans, Pension
insurance, Pensions.
In consideration of the foregoing, 29
CFR parts 4022 and 4044 are amended
as follows:
Appendix C to Part 4022—Lump Sum
Interest Rates for Private-Sector
Payments
On or after
*
29 CFR Part 4044
i2
*
Immediate
annuity rate
(percent)
294 ....
sradovich on DSK3GMQ082PROD with RULES
i1
4.00
*
Rate
set
Employee benefit plans, Pension
insurance, Pensions, Reporting and
recordkeeping requirements.
Deferred annuities
(percent)
Immediate
annuity rate
(percent)
294 ....
29 CFR Part 4022
*
On or after
Rate
set
List of Subjects
*
*
*
*
The values of it are:
it
for t =
*
0.0227
1–20
PO 00000
Frm 00020
it
*
Fmt 4700
for t =
*
0.0259
Sfmt 4700
it
*
>20
E:\FR\FM\15MRR1.SGM
*
N/A
15MRR1
for t =
N/A
Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Rules and Regulations
Issued in Washington, DC.
Deborah Chase Murphy,
Assistant General Counsel, Pension Benefit
Guaranty Corporation.
the proposed short-term closure of the
draw.
Vessels that can pass under the bridge
without an opening may do so at all
times. The bridge will be able to open
for emergencies. There is no alternate
route for vessels to pass.
The Coast Guard will also inform the
users of the waterways through our
Local and Broadcast Notices to Mariners
of the change in operating schedule for
the bridge so that vessel operators can
arrange their transits to minimize any
impact caused by the temporary
deviation.
In accordance with 33 CFR 117.35(e),
the drawbridge must return to its regular
operating schedule immediately at the
end of the effective period of this
temporary deviation. This deviation
from the operating regulations is
authorized under 33 CFR 117.35.
[FR Doc. 2018–05197 Filed 3–14–18; 8:45 am]
BILLING CODE 7709–02–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2018–0108]
Drawbridge Operation Regulation;
Narrow Bay, Suffolk County, NY
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 Smith Point
Bridge across Narrow Bay, mile 6.1, at
Suffolk County, New York. This
deviation is necessary in order to
facilitate a Triathlon Event and allows
the bridge to remain in the closed
position for two hours.
DATES: This deviation is effective from
7 a.m. to 9 a.m. on August 5, 2018.
ADDRESSES: The docket for this
deviation, USCG–2018–0108, 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.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this temporary
deviation, call or email Stephanie
Lopez, Bridge Management Specialist,
First District Bridge Branch, U.S. Coast
Guard; telephone 212–514–4335, email
Stephanie.E.Lopez@uscg.mil.
SUPPLEMENTARY INFORMATION: Event
Power requested and the bridge owner,
Suffolk County DPW, concurred with
this temporary deviation from the
normal operating schedule to facilitate a
Triathlon Event.
The Smith Point Bridge across Narrow
Bay, mile 6.1, has a vertical clearance of
18 feet at mean high water and 19 feet
at mean low water in the closed
position. The existing drawbridge
operating regulation is listed at 33 CFR
117.799(d).
The temporary deviation will allow
the Smith Point Bridge to remain closed
from 7 a.m. to 9 a.m. on August 5, 2018.
Narrow Bay is transited by seasonal
recreational vessels. Coordination with
Coast Guard Sector Long Island Sound
has indicated no mariner objections to
sradovich on DSK3GMQ082PROD with RULES
SUMMARY:
VerDate Sep<11>2014
16:08 Mar 14, 2018
Jkt 244001
Dated: March 6, 2018.
Christopher J. Bisignano,
Supervisory Bridge Management Specialist,
First Coast Guard District.
[FR Doc. 2018–05205 Filed 3–14–18; 8:45 am]
BILLING CODE 9110–04–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 117
[Docket No. USCG–2018–0033]
Drawbridge Operation Regulation; New
Jersey Intracoastal Waterway, Beach
Thorofare, Margate City, NJ
Coast Guard, DHS.
Notice of deviation from
drawbridge regulation; modification.
AGENCY:
ACTION:
The Coast Guard has modified
a temporary deviation from the
operating schedule that governs the
Margate Boulevard/Margate Bridge,
which carries Margate Boulevard across
the New Jersey Intracoastal Waterway,
Beach Thorofare, mile 74.0, at Margate
City, NJ. This modified deviation is
necessary to facilitate bridge
maintenance. This modified deviation
allows the bridge to remain in the
closed-to-navigation position.
DATES: This modified deviation is
effective without actual notice from
March 15, 2018 through 7 p.m. on
March 26, 2018. For the purposes of
enforcement, actual notice will be used
from 7:01 p.m. on March 12, 2018 until
March 15, 2018.
ADDRESSES: The docket for this
deviation, [USCG–2018–0033] is
available at https://www.regulations.gov.
SUMMARY:
PO 00000
Frm 00021
Fmt 4700
Sfmt 4700
11415
Type the docket number in the
‘‘SEARCH’’ box and click ‘‘SEARCH’’.
Click on Open Docket Folder on the line
associated with this deviation.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this modified
temporary deviation, call or email Mr.
Michael R. Thorogood, Bridge
Administration Branch Fifth District,
Coast Guard, telephone 757–398–6557,
email Michael.R.Thorogood@uscg.mil.
SUPPLEMENTARY INFORMATION: On
February 1, 2018, the Coast Guard
published a temporary deviation
entitled, ‘‘Drawbridge Operation
Regulation; New Jersey Intracoastal
Waterway, Beach Thorofare, Margate
City, NJ’’ in the Federal Register (83 FR
4585). That document resulted from Ole
Hansen and Sons, Inc.’s, request for a
temporary deviation, occurring from 7
a.m. on February 26, 2018, through 7
p.m. on March 12, 2018, from normal
operation of the drawbridge to facilitate
bridge maintenance. Subsequent to the
approval of that request, Ole Hansen &
Sons Inc. requested a modification,
extending the temporary deviation from
7:01 p.m. on March 12, 2018, through 7
p.m. on March 26, 2018, to allow more
time to perform and complete bridge
maintenance unable to be performed
due to extreme inclement weather
events during the previous temporary
deviation. Therefore, the Coast Guard
modifies the dates of the previously
approved temporary deviation to allow
the Margate Boulevard/Margate Bridge
that carries Margate Boulevard across
the New Jersey Intracoastal Waterway,
Beach Thorofare, mile 74.0, at Margate
City, NJ, to remain in the closed-tonavigation position from 7:01 p.m. on
March 12, 2018, through 7 p.m., on
March 26, 2018. The bridge has a
vertical clearance of 14 feet above mean
high water in the close position and
unlimited clearance in the open
position. The current operating
schedule is set out in 33 CFR 117.5.
The Beach Thorofare is used by a
variety of vessels including recreational
vessels. The Coast Guard has carefully
coordinated the restrictions with
waterway users in publishing this
temporary deviation.
Vessels able to pass through the
bridge in the closed position may do so
at any time. The bridge will not be able
to open for emergencies and there is no
immediate alternative route for vessels
unable to pass through the bridge in the
closed position. The Coast Guard will
also inform the users of the waterways
through our Local and Broadcast
Notices to Mariners of the change in
operating schedule for the bridge so that
vessel operators can arrange their transit
E:\FR\FM\15MRR1.SGM
15MRR1
]]>Agencies
[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)]
[Rules and Regulations]
[Pages 11413-11415]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05197]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Parts 4022 and 4044
Allocation of Assets in Single-Employer Plans; Benefits Payable
in Terminated Single-Employer Plans; Interest Assumptions for Valuing
and Paying Benefits
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: 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 April 2018 and interest assumptions under the
asset allocation regulation for valuation dates in the second quarter
of 2018. 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 April 1, 2018.
FOR FURTHER INFORMATION CONTACT: Hilary Duke ([email protected]),
Assistant General Counsel for Regulatory Affairs, Pension Benefit
Guaranty Corporation, 1200 K Street NW, Washington, DC 20005, 202-326-
4400, ext. 3839. (TTY users may call the Federal relay service toll
free at 1-800-877-8339 and ask to be connected to 202-326-4400, ext.
3839.)
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 single-employer 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 website
(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 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 April 2018 and
[[Page 11414]]
updates the asset allocation interest assumptions for the second
quarter (April through June) of 2018.
The second quarter 2018 interest assumptions under the allocation
regulation will be 2.27 percent for the first 20 years following the
valuation date and 2.59 percent thereafter. In comparison with the
interest assumptions in effect for the first quarter of 2018, these
interest assumptions represent no change in the select period (the
period during which the select rate (the initial rate) applies), a
decrease of 0.12 percent in the select rate, and a decrease of 0.01
percent in the ultimate rate (the final rate).
The April 2018 interest assumptions under the benefit payments
regulation will be 1.00 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 March 2018, these interest assumptions
represent a 0.25 percent increase in the immediate rate and no changes
in i1, i2, or i3.
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 April
2018, 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.
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
29 CFR Part 4022
Employee benefit plans, Pension insurance, Pensions, Reporting and
recordkeeping requirements.
29 CFR Part 4044
Employee benefit plans, Pension insurance, Pensions.
In consideration of the foregoing, 29 CFR parts 4022 and 4044 are
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 294 is added at the end of the
table to read as follows:
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) i i i n n
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
294..................................................... 4-1-18 5-1-18 1.00 4.00 4.00 4.00 7 8
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
0
3. In appendix C to part 4022, Rate Set 294 is added at the end of the
table to read as follows:
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) i i i n n
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
294..................................................... 4-1-18 5-1-18 1.00 4.00 4.00 4.00 7 8
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
PART 4044--ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS
0
4. 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
5. In appendix B to part 4044, an entry for ``April-June 2018'' is
added at the end of the table to read as follows:
Appendix B to Part 4044--Interest Rates Used To Value Benefits
* * * * *
--------------------------------------------------------------------------------------------------------------------------------------------------------
The values of i are:
For valuation dates occurring in the month-- -----------------------------------------------------------------------------------------------------
i for t = i for t = i for t =
--------------------------------------------------------------------------------------------------------------------------------------------------------
* * * * * * *
April-June 2018................................... 0.0227 1-20 0.0259 >20 N/A N/A
--------------------------------------------------------------------------------------------------------------------------------------------------------
[[Page 11415]]
Issued in Washington, DC.
Deborah Chase Murphy,
Assistant General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2018-05197 Filed 3-14-18; 8:45 am]
BILLING CODE 7709-02-P
