Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age, 63802-63804 [2018-26843]
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63802
Federal Register / Vol. 83, No. 238 / Wednesday, December 12, 2018 / Rules and Regulations
3308; or Airbus Service Bulletin A330–34–
3345; embodied in service.
(3) Group 3 airplanes are those in any
configuration other than that identified in
paragraph (g)(1) or (g)(2) of this AD.
(h) Airplane Flight Manual (AFM) Revision
For Group 2 airplanes: Within 30 days after
the effective date of this AD, revise the
Limitations section of the Airbus A330/A340
AFM to include the information in Airbus
A330/A340 AFM Temporary Revision
TR774, RNP AR Operations Forbidden with
FMGEC Standard P5H3, Issue 1, dated
October 16, 2017 (‘‘TR774’’), and inform all
flight crews, and, thereafter, operate the
airplane accordingly, as specified in TR774.
TR774 prohibits the RNP–AR operation on
Airbus SAS Model A330 series airplanes
equipped with FMGEC standard P5H3.
Revising the AFM to include TR774 may be
done by inserting a copy of TR774 in the
AFM. When TR774 has been included in
general revisions of the AFM, the general
revisions may be inserted in the AFM,
provided the relevant information in the
general revision is identical to that in TR774,
and TR774 may be removed.
Note 1 to paragraph (h) of this AD: The
Airbus A330/A340 AFM for the aircraft
affected by this AD is required to be
furnished with the aircraft, in accordance
with 14 CFR 25.1581. Further, operators of
the aircraft affected by this AD must operate
in accordance with the limitations specified
in the AFM, in accordance with 14 CFR 91.9.
(i) FMS Software Modification
(1) For Group 1 and Group 2 airplanes:
Within 60 days after the effective date of this
AD, modify the airplane by installing FMS
software P4A (P/N FMS operational SW
PS4087700–905) on FMGEC standard P5H3
(P/N FMGEC C13226HA07 with P/N FMS
operational SW PS4087700–906), in
accordance with the instructions of Airbus
Service Bulletin A330–22–3264, dated March
14, 2018.
(2) For Group 2 airplanes: After
modification of an airplane as required by
paragraph (i)(1) of this AD, the AFM revision
required by paragraph (h) of this AD may be
removed from the AFM of that airplane.
amozie on DSK3GDR082PROD with RULES
(j) Optional Modification
For Group 3 airplanes: From the effective
date of this AD, it is allowed to modify any
airplane into a Group 1 or Group 2
configuration, provided that, concurrently,
that airplane is modified in accordance with
the Accomplishment Instructions of Airbus
Service Bulletin A330–22–3264, dated March
14, 2018.
(k) Credit for Previous Actions
This paragraph provides credit for the
actions required by paragraph (i) of this AD
and optional actions specified in paragraph
(j) of this AD, if those actions were performed
before the effective date of this AD using
Airbus Alert Operators Transmission–AOT
A22L002–17, dated October 20, 2017.
(l) Other FAA AD Provisions
The following provisions also apply to this
AD:
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16:25 Dec 11, 2018
Jkt 247001
(1) Alternative Methods of Compliance
(AMOCs): The Manager, International
Section, Transport Standards Branch, FAA,
has the authority to approve AMOCs for this
AD, if requested using the procedures found
in 14 CFR 39.19. In accordance with 14 CFR
39.19, send your request to your principal
inspector or local Flight Standards District
Office, as appropriate. If sending information
directly to the International Section, send it
to the attention of the person identified in
paragraph (m)(2) of this AD. Information may
be emailed to: 9-ANM-116-AMOCREQUESTS@faa.gov. Before using any
approved AMOC, notify your appropriate
principal inspector, or lacking a principal
inspector, the manager of the local flight
standards district office/certificate holding
district office.
(2) Contacting the Manufacturer: For any
requirement in this AD to obtain corrective
actions from a manufacturer, the action must
be accomplished using a method approved
by the Manager, International Section,
Transport Standards Branch, FAA; or the
European Aviation Safety Agency (EASA); or
Airbus SAS’s EASA Design Organization
Approval (DOA). If approved by the DOA,
the approval must include the DOA
authorized signature.
(3) Required for Compliance (RC): If any
service information contains procedures or
tests that are identified as RC, those
procedures and tests must be done to comply
with this AD; any procedures or tests that are
not identified as RC are recommended. Those
procedures and tests that are not identified
as RC may be deviated from using accepted
methods in accordance with the operator’s
maintenance or inspection program without
obtaining approval of an AMOC, provided
the procedures and tests identified as RC can
be done and the airplane can be put back in
an airworthy condition. Any substitutions or
changes to procedures or tests identified as
RC require approval of an AMOC.
(ii) Airbus A330/A340 Airplane Flight
Manual Temporary Revision TR774, RNP AR
Operations Forbidden with FMGEC Standard
P5H3, Issue 1, dated October 16, 2017.
(3) For Airbus SAS service information
identified in this AD, contact Airbus SAS,
Airworthiness Office—EAL, Rond-Point
Emile Dewoitine No: 2, 31700 Blagnac Cedex,
France, France; telephone +33 5 61 93 36 96;
fax +33 5 61 93 45 80; email
airworthiness.A330-A340@airbus.com;
internet https://www.airbus.com.
(4) You may view this service information
at the FAA, Transport Standards Branch,
2200 South 216th St., Des Moines, WA. For
information on the availability of this
material at the FAA, call 206–231–3195.
(5) You may view this service information
that is incorporated by reference at the
National Archives and Records
Administration (NARA). For information on
the availability of this material at NARA, call
202–741–6030, or go to: https://
www.archives.gov/federal-register/cfr/ibrlocations.html.
(m) Related Information
(1) Refer to Mandatory Continuing
Airworthiness Information (MCAI) EASA AD
2017–0233, dated November 23, 2017, for
related information. This MCAI may be
found in the AD docket on the internet at
https://www.regulations.gov by searching for
and locating Docket No. FAA–2018–0584.
(2) For more information about this AD,
contact Vladimir Ulyanov, Aerospace
Engineer, International Section, Transport
Standards Branch, FAA, 2200 South 216th
St., Des Moines, WA 98198; telephone and
fax 206–231–3229.
(3) Service information identified in this
AD that is not incorporated by reference is
available at the addresses specified in
paragraphs (n)(3) and (n)(4) of this AD.
AGENCY:
(n) Material Incorporated by Reference
(1) The Director of the Federal Register
approved the incorporation by reference
(IBR) of the service information listed in this
paragraph under 5 U.S.C. 552(a) and 1 CFR
part 51.
(2) You must use this service information
as applicable to do the actions required by
this AD, unless this AD specifies otherwise.
(i) Airbus Service Bulletin A330–22–3264,
dated March 14, 2018.
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Issued in Des Moines, Washington, on
November 2, 2018.
Jeffrey E. Duven,
Director, System Oversight Division, Aircraft
Certification Service.
[FR Doc. 2018–24685 Filed 12–11–18; 8:45 am]
BILLING CODE 4910–13–P
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Part 4044
Allocation of Assets in SingleEmployer Plans; Valuation of Benefits
and Assets; Expected Retirement Age
Pension Benefit Guaranty
Corporation.
ACTION: Final rule.
This rule amends the Pension
Benefit Guaranty Corporation’s
regulation on Allocation of Assets in
Single-Employer Plans by substituting a
new table for determining expected
retirement ages for participants in
pension plans undergoing distress or
involuntary termination with valuation
dates falling in 2019. This table is
needed to compute the value of early
retirement benefits and, thus, the total
value of benefits under a plan.
DATES: This rule is effective January 1,
2019.
FOR FURTHER INFORMATION CONTACT:
Hilary Duke (duke.hilary@pbgc.gov),
Assistant General Counsel for
Regulatory Affairs, Office of the General
Counsel, 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–
SUMMARY:
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12DER1
Federal Register / Vol. 83, No. 238 / Wednesday, December 12, 2018 / Rules and Regulations
877–8339 and ask to be connected to
202–326–4400, ext. 3839.)
SUPPLEMENTARY INFORMATION: The
Pension Benefit Guaranty Corporation
(PBGC) administers the pension plan
termination insurance program under
title IV of the Employee Retirement
Income Security Act of 1974 (ERISA).
PBGC’s regulation on Allocation of
Assets in Single-Employer Plans (29
CFR part 4044) sets forth (in subpart B)
the methods for valuing plan benefits of
terminating single-employer plans
covered under title IV. Guaranteed
benefits and benefit liabilities under a
plan that is undergoing a distress
termination must be valued in
accordance with subpart B of part 4044.
In addition, when PBGC terminates an
underfunded plan involuntarily
pursuant to ERISA section 4042(a), it
uses the subpart B valuation rules to
determine the amount of the plan’s
underfunding.
Under § 4044.51(b) of the asset
allocation regulation, early retirement
benefits are valued based on the annuity
starting date, if a retirement date has
been selected, or the expected
retirement age, if the annuity starting
date is not known on the valuation date.
Sections 4044.55 through 4044.57 set
forth rules for determining the expected
retirement ages for plan participants
entitled to early retirement benefits.
Appendix D of part 4044 contains tables
to be used in determining the expected
early retirement ages.
Table I in appendix D (Selection of
Retirement Rate Category) is used to
determine whether a participant has a
low, medium, or high probability of
retiring early. The determination is
based on the year a participant would
reach ‘‘unreduced retirement age’’ (i.e.,
the earlier of the normal retirement age
or the age at which an unreduced
benefit is first payable) and the
participant’s monthly benefit at
unreduced retirement age. The table
applies only to plans with valuation
dates in the current year and is updated
annually by PBGC to reflect changes in
the cost of living, etc.
Tables II–A, II–B, and II–C (Expected
Retirement Ages for Individuals in the
Low, Medium, and High Categories
respectively) are used to determine the
expected retirement age after the
probability of early retirement has been
determined using Table I. These tables
establish, by probability category, the
expected retirement age based on both
the earliest age a participant could retire
under the plan and the unreduced
retirement age. This expected retirement
age is used to compute the value of the
early retirement benefit and, thus, the
total value of benefits under the plan.
This document amends appendix D to
replace Table I–18 with Table I–19 to
provide an updated correlation,
appropriate for calendar year 2019,
between the amount of a participant’s
benefit and the probability that the
participant will elect early retirement.
Table I–19 will be used to value benefits
in plans with valuation dates during
calendar year 2019.
PBGC has determined that notice of,
and public comment on, this rule are
impracticable and contrary to the public
interest. Plan administrators need to be
able to estimate accurately the value of
plan benefits as early as possible before
initiating the termination process. For
that purpose, if a plan has a valuation
date in 2019, the plan administrator
needs the updated table being
63803
promulgated in this rule. Accordingly,
PBGC finds that the public interest is
best served by issuing this table
expeditiously, without an opportunity
for notice and comment, and that good
cause exists for making the table set
forth in this amendment effective less
than 30 days after publication to allow
as much time as possible to estimate the
value of plan benefits with the proper
table for plans with valuation dates in
early 2019.
PBGC has determined that this action
is not a ‘‘significant regulatory action’’
under the criteria set forth in Executive
Order 12866 and Executive Order
13771.
Because no general notice of proposed
rulemaking is required for this
regulation, the Regulatory Flexibility
Act of 1980 does not apply (5 U.S.C.
601(2)).
List of Subjects in 29 CFR Part 4044
Employee benefit plans, Pension
insurance.
In consideration of the foregoing, 29
CFR part 4044 is amended as follows:
PART 4044—ALLOCATION OF
ASSETS IN SINGLE-EMPLOYER
PLANS
1. The authority citation for part 4044
continues to read as follows:
■
Authority: 29 U.S.C. 1301(a), 1302(b)(3),
1341, 1344, 1362.
2. Appendix D to part 4044 is
amended by removing Table I–18 and
adding in its place Table I–19 to read as
follows:
■
Appendix D to Part 4044—Tables Used
To Determine Expected Retirement Age
TABLE I–19—SELECTION OF RETIREMENT RATE CATEGORY
[For valuation dates in 2019 1]
Participant’s retirement rate category is—
Low 2 if
monthly
benefit at
URA is less
than—
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If participant reaches URA in year—
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
.................................................................................................
.................................................................................................
.................................................................................................
.................................................................................................
.................................................................................................
.................................................................................................
.................................................................................................
.................................................................................................
.................................................................................................
or later ....................................................................................
Medium 3 if monthly benefit at URA
is—
From—
655
670
686
701
718
734
751
768
786
804
To—
655
670
686
701
718
734
751
768
786
804
2,767
2,831
2,896
2,963
3,031
3,100
3,172
3,245
3,319
3,396
1 Applicable
tables for valuation dates before 2019 are available on PBGC’s website (www.pbgc.gov).
II–A.
3 Table II–B.
4 Table II–C.
2 Table
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16:25 Dec 11, 2018
Jkt 247001
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Fmt 4700
Sfmt 4700
E:\FR\FM\12DER1.SGM
12DER1
High 4 if
monthly
benefit at
URA is
greater than—
2,767
2,831
2,896
2,963
3,031
3,100
3,172
3,245
3,319
3,396
63804
Federal Register / Vol. 83, No. 238 / Wednesday, December 12, 2018 / Rules and Regulations
*
*
*
*
*
Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory
Affairs Pension Benefit Guaranty
Corporation.
[FR Doc. 2018–26843 Filed 12–11–18; 8:45 am]
BILLING CODE 7709–02–P
DEPARTMENT OF HOMELAND
SECURITY
Coast Guard
33 CFR Part 165
[Docket Number USCG–2018–1081]
RIN 1625–AA00
Safety Zone; Rocket Debris Control
and Removal Operations, Atlantic
Ocean, Cape Canaveral, FL
Coast Guard, DHS.
Temporary final rule.
AGENCY:
ACTION:
The Coast Guard is
establishing a 1000-yard temporary
moving safety zone around the Falcon 9
rocket in the Atlantic Ocean, in the
vicinity of Port Canaveral Harbor, Cape
Canaveral, FL. This safety zone is
necessary to protect personnel, vessels,
and the public from potential hazards
associated with the control and removal
of the rocket and any debris from
navigable waters of the Atlantic Ocean.
All persons and vessels are prohibited
from entering, transiting through,
anchoring in, or remaining within the
safety zone unless authorized by the
Captain of the Port Jacksonville or a
designated representative.
DATES: This rule is effective without
actual notice from December 12, 2018
through December 28, 2018. For
purposes of enforcement, actual notice
will be used from December 5, 2018
through December 12, 2018.
ADDRESSES: To view documents
mentioned in this preamble as being
available in the docket, go to https://
www.regulations.gov, type USCG–2018–
1081 in the ‘‘SEARCH’’ box and click
‘‘SEARCH.’’ Click on Open Docket
Folder on the line associated with this
rule.
FOR FURTHER INFORMATION CONTACT: If
you have questions on this rule, call or
email Petty Officer Rory Boyle, Sector
Jacksonville, Waterways Management
Division, U.S. Coast Guard; telephone
(904) 714–7661, email Rory.C.Boyle@
uscg.mil.
amozie on DSK3GDR082PROD with RULES
SUMMARY:
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
16:25 Dec 11, 2018
Jkt 247001
I. Table of Abbreviations
IV. Discussion of the Rule
COTP Captain of the Port
CFR Code of Federal Regulations
DHS Department of Homeland Security
E.O Executive order
FR Federal Register
NPRM Notice of proposed rulemaking
Pub. L. Public Law
§ Section
U.S.C. United States Code
This rule establishes a safety zone that
will encompass all navigable waters of
the Atlantic Ocean within a 1000-yard
radius of a Falcon 9 rocket located at
position 28°24.3 N 080°30.8 W, in the
vicinity of Port Canaveral Harbor, Cape
Canaveral, Florida. The safety zone will
be enforced during control, movement,
and removal operations associated with
the Falcon 9 rocket from 7 p.m. on
December 5, 2018 until 11:59 p.m. on
December 28, 2018, unless sooner
terminated by the COTP Jacksonville
upon completion of the removal
operations. The duration of the safety
zone is intended to ensure the safety of
persons, vessels, and the marine
environment from potential hazards
associated with rocket and debris
movement control and removal
operations. These operations include
the use of towing vessels, divers and
support vessels. There will be occasions
during the operations when there will
be divers in the water and the waterway
will be obstructed by the associated
vessels and equipment. No vessel or
person will be permitted to enter, transit
through, anchor in, or remain within the
safety zone unless authorized by the
COTP Jacksonville or designated
representative. If authorization to enter,
transit through, anchor in, or remain
within the safety zone granted by the
COTP Jacksonville or a designated
representative, all persons and vessels
receiving such authorization must
transit at a minimum safe speed and
must comply with the orders of the
COTP Jacksonville or designated
representative. The Coast Guard will
provide notice and status of the safety
zone by Broadcast Notice to Mariners or
on-scene designated representatives.
II. Background Information and
Regulatory History
The Coast Guard is issuing this
temporary rule without prior notice and
opportunity to comment pursuant to
authority under section 4(a) of the
Administrative Procedure Act (APA) (5
U.S.C. 553(b)). This provision
authorizes an agency to issue a rule
without prior notice and opportunity to
comment when the agency for good
cause finds that those procedures are
‘‘impracticable, unnecessary, or contrary
to the public interest.’’ Under 5 U.S.C.
553(b)(B), the Coast Guard finds that
good cause exists for not publishing a
notice of proposed rulemaking (NPRM)
with respect to this rule because it is
impracticable. On December 5, 2018, the
Coast Guard determined that immediate
action was necessary to protect life and
property from the hazards associated
with control and removal of a Falcon 9
rocket and any associated debris located
in the Atlantic Ocean. Due to the
emergent nature and increased safety
risks associated with control and
removal operations for the rocket, there
is insufficient time to publish an NPRM
and to receive public comments before
the rulemaking is required. The
regulation is necessary to provide for
the safety of persons and vessels within
a 1000-yard radius of the Falcon 9
rocket. For those reasons, it would be
impracticable to publish an NPRM.
For the reasons discussed above,
under 5 U.S.C. 553(d)(3), the Coast
Guard finds that good cause exists for
making this rule effective less than 30
days after publication in the Federal
Register.
III. Legal Authority and Need for Rule
The Coast Guard is issuing this rule
under authority in 33 U.S.C. 1231. The
Captain of the Port Jacksonville (COTP)
has determined that potential hazards
associated with control and removal
operations for the Falcon 9 rocket will
be a safety concern for persons and
vessels within a 1000-yard radius of the
rocket. The purpose of this rule is to
protect personnel, vessels, and the
marine environment in the navigable
waters within the safety zone during
control and removal operations
associated with the Falcon 9 rocket.
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Fmt 4700
Sfmt 4700
V. Regulatory Analyses
We developed this rule after
considering numerous statutes and
Executive orders related to rulemaking.
Below we summarize our analyses
based on a number of these statutes and
Executive orders, and we discuss First
Amendment rights of protestors.
A. Regulatory Planning and Review
Executive Orders 12866 and 13563
direct agencies to assess the costs and
benefits of available regulatory
alternatives and, if regulation is
necessary, to select regulatory
approaches that maximize net benefits.
Executive Order 13771 directs agencies
to control regulatory costs through a
budgeting process. This rule has not
been designated a ‘‘significant
regulatory action,’’ under Executive
Order 12866. Accordingly, this rule has
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12DER1
]]>Agencies
[Federal Register Volume 83, Number 238 (Wednesday, December 12, 2018)]
[Rules and Regulations]
[Pages 63802-63804]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-26843]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Part 4044
Allocation of Assets in Single-Employer Plans; Valuation of
Benefits and Assets; Expected Retirement Age
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Final rule.
-----------------------------------------------------------------------
SUMMARY: This rule amends the Pension Benefit Guaranty Corporation's
regulation on Allocation of Assets in Single-Employer Plans by
substituting a new table for determining expected retirement ages for
participants in pension plans undergoing distress or involuntary
termination with valuation dates falling in 2019. This table is needed
to compute the value of early retirement benefits and, thus, the total
value of benefits under a plan.
DATES: This rule is effective January 1, 2019.
FOR FURTHER INFORMATION CONTACT: Hilary Duke ([email protected]),
Assistant General Counsel for Regulatory Affairs, Office of the General
Counsel, 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-
[[Page 63803]]
877-8339 and ask to be connected to 202-326-4400, ext. 3839.)
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
(PBGC) administers the pension plan termination insurance program under
title IV of the Employee Retirement Income Security Act of 1974
(ERISA). PBGC's regulation on Allocation of Assets in Single-Employer
Plans (29 CFR part 4044) sets forth (in subpart B) the methods for
valuing plan benefits of terminating single-employer plans covered
under title IV. Guaranteed benefits and benefit liabilities under a
plan that is undergoing a distress termination must be valued in
accordance with subpart B of part 4044. In addition, when PBGC
terminates an underfunded plan involuntarily pursuant to ERISA section
4042(a), it uses the subpart B valuation rules to determine the amount
of the plan's underfunding.
Under Sec. 4044.51(b) of the asset allocation regulation, early
retirement benefits are valued based on the annuity starting date, if a
retirement date has been selected, or the expected retirement age, if
the annuity starting date is not known on the valuation date. Sections
4044.55 through 4044.57 set forth rules for determining the expected
retirement ages for plan participants entitled to early retirement
benefits. Appendix D of part 4044 contains tables to be used in
determining the expected early retirement ages.
Table I in appendix D (Selection of Retirement Rate Category) is
used to determine whether a participant has a low, medium, or high
probability of retiring early. The determination is based on the year a
participant would reach ``unreduced retirement age'' (i.e., the earlier
of the normal retirement age or the age at which an unreduced benefit
is first payable) and the participant's monthly benefit at unreduced
retirement age. The table applies only to plans with valuation dates in
the current year and is updated annually by PBGC to reflect changes in
the cost of living, etc.
Tables II-A, II-B, and II-C (Expected Retirement Ages for
Individuals in the Low, Medium, and High Categories respectively) are
used to determine the expected retirement age after the probability of
early retirement has been determined using Table I. These tables
establish, by probability category, the expected retirement age based
on both the earliest age a participant could retire under the plan and
the unreduced retirement age. This expected retirement age is used to
compute the value of the early retirement benefit and, thus, the total
value of benefits under the plan.
This document amends appendix D to replace Table I-18 with Table I-
19 to provide an updated correlation, appropriate for calendar year
2019, between the amount of a participant's benefit and the probability
that the participant will elect early retirement. Table I-19 will be
used to value benefits in plans with valuation dates during calendar
year 2019.
PBGC has determined that notice of, and public comment on, this
rule are impracticable and contrary to the public interest. Plan
administrators need to be able to estimate accurately the value of plan
benefits as early as possible before initiating the termination
process. For that purpose, if a plan has a valuation date in 2019, the
plan administrator needs the updated table being promulgated in this
rule. Accordingly, PBGC finds that the public interest is best served
by issuing this table expeditiously, without an opportunity for notice
and comment, and that good cause exists for making the table set forth
in this amendment effective less than 30 days after publication to
allow as much time as possible to estimate the value of plan benefits
with the proper table for plans with valuation dates in early 2019.
PBGC has determined that this action is not a ``significant
regulatory action'' under the criteria set forth in Executive Order
12866 and Executive Order 13771.
Because no general notice of proposed rulemaking is required for
this regulation, the Regulatory Flexibility Act of 1980 does not apply
(5 U.S.C. 601(2)).
List of Subjects in 29 CFR Part 4044
Employee benefit plans, Pension insurance.
In consideration of the foregoing, 29 CFR part 4044 is amended as
follows:
PART 4044--ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS
0
1. 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
2. Appendix D to part 4044 is amended by removing Table I-18 and adding
in its place Table I-19 to read as follows:
Appendix D to Part 4044--Tables Used To Determine Expected Retirement
Age
Table I-19--Selection of Retirement Rate Category
[For valuation dates in 2019 \1\]
----------------------------------------------------------------------------------------------------------------
Participant's retirement rate category is--
-----------------------------------------------------------------------
Low \2\ if Medium \3\ if monthly benefit at High \4\ if
If participant reaches URA in year-- monthly benefit URA is-- monthly benefit
at URA is less ------------------------------------ at URA is
than-- From-- To-- greater than--
----------------------------------------------------------------------------------------------------------------
2020.................................... 655 655 2,767 2,767
2021.................................... 670 670 2,831 2,831
2022.................................... 686 686 2,896 2,896
2023.................................... 701 701 2,963 2,963
2024.................................... 718 718 3,031 3,031
2025.................................... 734 734 3,100 3,100
2026.................................... 751 751 3,172 3,172
2027.................................... 768 768 3,245 3,245
2028.................................... 786 786 3,319 3,319
2029 or later........................... 804 804 3,396 3,396
----------------------------------------------------------------------------------------------------------------
\1\ Applicable tables for valuation dates before 2019 are available on PBGC's website (www.pbgc.gov).
\2\ Table II-A.
\3\ Table II-B.
\4\ Table II-C.
[[Page 63804]]
* * * * *
Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs Pension Benefit
Guaranty Corporation.
[FR Doc. 2018-26843 Filed 12-11-18; 8:45 am]
BILLING CODE 7709-02-P
