Unknown. Final rule
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/register/2017/05/15/2017-09469·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
--- schema: federal-register doc_type: fedreg source_file: FR-2017-05-15.xml --- 82 92 Monday, May 15, 2017 Contents Agriculture Agriculture Department See Grain Inspection, Packers and Stockyards Administration AIRFORCE Air Force Department NOTICES Meetings: Air Force Scientific Advisory Board, 22322 2017-09775 Army Army Department NOTICES Meetings: Advisory Committee on Arlington National Cemetery, 22323 2017-09649 Consumer Financial Protection Bureau of Consumer Financial Protection NOTICES Requests for Information:
Small Business Lending Market, 22318-22322 2017-09732 Census Bureau Census Bureau NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 22308-22309 2017-09727 Centers Disease Centers for Disease Control and Prevention NOTICES Charter Renewals: Interagency Committee on Smoking and Health, 22338 2017-09708 Meetings: Centers for Disease Control and Prevention Advisory Committee on Immunization Practices, 22337-22338 2017-09707 Disease, Disability, and Injury Prevention and Control Special Emphasis Panel;
Initial Review, 22338 2017-09709 Disease, Disability, and Injury Prevention and Control Special Emphasis Panel, 22335-22337 2017-09710 2017-09711 Requests for Nominations: Community Preventive Services Task Force, 22336-22337 2017-09733 Centers Medicare Centers for Medicare & Medicaid Services PROPOSED RULES Medicare Program: Inpatient Rehabilitation Facility Prospective Payment System for Federal Fiscal Year 2018, 22304 C1--2017--08428 Chemical Chemical Safety and Hazard Investigation Board NOTICES Meetings;
Sunshine Act, 22308 2017-09836 Coast Guard Coast Guard RULES Drawbridge Operations: Lake Washington Ship Canal, Seattle, WA, 22280-22281 2017-09723 Quantuck Canal, Westhampton Beach, NY, 22281 2017-09722 Willamette River at Portland, OR, 22280 2017-09724 PROPOSED RULES Safety Zones: Delaware River, Schuylkill River, Philadelphia, PA, 22301-22303 2017-09763 Missouri River miles 616-617, Council Bluffs, IA, and Omaha, NE, 22299-22301 2017-09693 Commerce Commerce Department See Census Bureau See International Trade Administration See National Oceanic and Atmospheric Administration Defense Department Defense Department See Air Force Department See Army Department Education Department Education Department NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Annual Report of Children in State Agency and Locally Operated Institutions for Neglected or Delinquent Children, 22329-22330 2017-09764 Applications for New Awards: Alaska Native Education Program, 22323-22329 2017-09772 Employee Benefits Employee Benefits Security Administration NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 22353-22354 2017-09744 Energy Department Energy Department See Federal Energy Regulatory Commission Environmental Protection Environmental Protection Agency RULES Air Quality State Implementation Plans;
Approvals and Promulgations: Maryland; Revisions and Amendments to Regulations for Continuous Opacity Monitoring, Continuous Emissions Monitoring, and Quality Assurance Requirements for Continuous Opacity Monitors; Correction, 22290-22291 2017-09492 Oklahoma; Revisions to Minor New Source Review Permitting Program, 22281-22289 2017-09470 Texas; Clean Air Act Requirements for Vehicle Inspection and Maintenance, Nonattainment New Source Review and Emission Statements, 22291-22294 2017-09474 Pesticides:
Certification of Pesticide Applicators Rule; Extension of Effective Date, 22294-22296 2017-09386 PROPOSED RULES Air Quality State Implementation Plans; Approvals and Promulgations: Texas; Clean Air Act Requirements for Vehicle Inspection and Maintenance, Nonattainment New Source Review and Emission Statements, 22303-22304 2017-09473 Federal Aviation Federal Aviation Administration NOTICES Petitions for Exemption; Summaries, 22371 2017-09717 Petitions for Exemption; Summaries:
Jonathan D. Ross, 22370-22371 2017-09704 Federal Communications Federal Communications Commission RULES Spectrum Manager Leasing Arrangements; Correction, 22296-22297 2017-09756 Federal Energy Federal Energy Regulatory Commission NOTICES Combined Filings, 22330-22331 2017-09671 2017-09673 Federal Motor Federal Motor Carrier Safety Administration NOTICES Commercial Driver's License Standards; Exemption Applications: Daimler Trucks North America, 22378-22379 2017-09734 Daimler Trucks North America (Daimler), 22371-22372 2017-09736 Hours of Service of Drivers;
Exemption Applications: American Pyrotechnics Assn., 22375-22378 2017-09735 Parts and Accessories Necessary for Safe Operation; Exemption Applications: International Institute of Towing and Recovery, 22372-22374 2017-09738 Qualification of Drivers; Exemption Applications: Diabetes, 22382-22384 2017-09737 Vision, 22374-22375, 22379-22382 2017-09739 2017-09740 Federal Reserve Federal Reserve System NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 22332-22335 2017-09692 Change in Bank Control Notices:
Acquisitions of Shares of a Bank or Bank Holding Company, 22331-22332 2017-09757 Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 22331 2017-09758 Food and Drug Food and Drug Administration NOTICES Guidance: Three-Month Extension of Certain Tobacco Product Compliance Deadlines Related to the Final Deeming Rule, 22338-22340 2017-09754 Grain Inspection Grain Inspection, Packers and Stockyards Administration NOTICES United States Standards for Beans, 22306-22308 2017-09721 United States Standards for Lentils, 22305-22306 2017-09720 Health and Human Health and Human Services Department See Centers for Disease Control and Prevention See Centers for Medicare & Medicaid Services See Food and Drug Administration See National Institutes of Health Homeland Homeland Security Department See Coast Guard See U.S.
Citizenship and Immigration Services Housing Housing and Urban Development Department NOTICES Reducing Regulatory Burden; Enforcing the Regulatory Reform Agenda under Executive Order 13777, 22344-22346 2017-09730 Inter-American Inter-American Foundation NOTICES Meetings; Sunshine Act, 22346 2017-09824 Internal Revenue Internal Revenue Service NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 22386-22387 2017-09765 International Trade Adm International Trade Administration NOTICES Antidumping or Countervailing Duty Investigations, Orders, or Reviews:
Ferrovanadium from the Republic of Korea, 22309-22310 2017-09745 Multilayered Wood Flooring from the People's Republic of China, 22311-22313 2017-09746 Meetings: Civil Nuclear Trade Advisory Committee, 22310-22311 2017-09762 International Trade Com International Trade Commission NOTICES Complaints: Certain Consumer Electronic Devices, Including Televisions, Gaming Consoles, Mobile Phones and Tablets, and Network-Enabled DVD and Blu-Ray Players, 22347-22348 2017-09742 Certain Pool and Spa Enclosures, 22346-22347 2017-09769 Investigations;
Determinations, Modifications, and Rulings, etc.: Certain Collapsible Sockets for Mobile Electronic Devices and Components Thereof; Institution of Investigation, 22348-22349 2017-09774 Justice Department Justice Department NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 22352-22353 2017-09755 Agency Information Collection Activities; Proposals, Submissions, and Approvals: Registrant Record of Controlled Substances Destroyed, 22349-22350 2017-09767 Report of Theft or Loss of Controlled Substance, 22350-22351 2017-09768 Self-Certification, Training, and Logbooks for Regulated Sellers and Mail-Order Distributors of Scheduled Listed Chemical Products, 22351-22352 2017-09766 Labor Department Labor Department See Employee Benefits Security Administration NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Qualification/Certification Program Request for Mine Safety and Health Administration Individual Identification Number, 22354-22355 2017-09743 Management Management and Budget Office NOTICES Request for Comments: Government-Wide Reform, 22355 2017-09702 National Capital National Capital Planning Commission NOTICES Meetings: Submission Guidelines, 22355 C1--2017--09479 National Highway National Highway Traffic Safety Administration NOTICES Technical Reports:
Fatality Reduction by Seat Belts in the Center Rear Seat, 22385-22386 2017-09703 National Institute National Institutes of Health NOTICES Meetings: Center for Scientific Review, 22340-22343 2017-09696 2017-09697 2017-09698 National Cancer Institute, 22343-22344 2017-09699 National Institute of Allergy and Infectious Diseases, 22341 2017-09700 National Institute of Mental Health, 22340 2017-09701 National Oceanic National Oceanic and Atmospheric Administration NOTICES Meetings:
Mid-Atlantic Fishery Management Council, 22316-22317 2017-09752 New England Fishery Management Council, 22315 2017-09748 North Pacific Fishery Management Council, 22314-22315 2017-09750 Pacific Fishery Management Council, 22316-22318 2017-09749 2017-09753 Western Pacific Fishery Management Council, 22315-22317 2017-09747 2017-09751 Taking and Importing Marine Mammals: Incidental to Russian River Estuary Management Activities, 22313-22314 2017-09773 Nuclear Regulatory Nuclear Regulatory Commission NOTICES Meetings;
Sunshine Act, 22355-22356 2017-09905 Peace Peace Corps NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 22356-22357 2017-09690 2017-09691 Pension Benefit Pension Benefit Guaranty Corporation RULES Benefits Payable in Terminated Single-Employer Plans; Interest Assumptions for Paying Benefits, 22279-22280 2017-09469 Personnel Personnel Management Office PROPOSED RULES Prevailing Rate Systems: Definition of Brown County, WI, and Forsyth and Mecklenburg Counties, NC, to Nonappropriated Fund Federal Wage System Wage Areas, 22298-22299 2017-09731 Securities Securities and Exchange Commission NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 22357, 22362-22363 2017-09728 2017-09729 Self-Regulatory Organizations; Proposed Rule Changes: Bats BZX Exchange, Inc., 22368-22370 2017-09712 Financial Industry Regulatory Authority, Inc., 22363-22364 2017-09716 ICE Clear Europe Limited, 22357-22360 2017-09714 NYSE Arca, Inc., 22360-22362 2017-09715 The NASDAQ Stock Market LLC, 22364-22368 2017-09713 Transportation Department Transportation Department See Federal Aviation Administration See Federal Motor Carrier Safety Administration See National Highway Traffic Safety Administration Treasury Treasury Department See Internal Revenue Service NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 22387-22388 2017-09761 U.S. Citizenship U.S. Citizenship and Immigration Services NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Independent Evaluation of the Systematic Alien Verification for Entitlements Program, 22344 2017-09771 Reader Aids Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, and notice of recently enacted public laws. To subscribe to the Federal Register Table of Contents electronic mailing list, go to https://public.govdelivery.com/accounts/USGPOOFR/subscriber/new, enter your e-mail address, then follow the instructions to join, leave, or manage your subscription. 82 92 Monday, May 15, 2017 Rules and Regulations PENSION BENEFIT GUARANTY CORPORATION 29 CFR Part 4022 Benefits Payable in Terminated Single-Employer Plans;
Interest Assumptions for Paying Benefits AGENCY: Pension Benefit Guaranty Corporation. ACTION: Final rule. SUMMARY: 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 June 2017. The interest assumptions are used for paying benefits under terminating single-employer plans covered by the pension insurance system administered by PBGC.
DATES: Effective June 1, 2017. FOR FURTHER INFORMATION CONTACT: Deborah C. Murphy ( *Murphy.Deborah@pbgc.gov* ), Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005, 202-326-4400 ext. 3451. (TTY/TDD users may call the Federal relay service toll-free at 1-800-877-8339 and ask to be connected to 202-326-4400 ext. 3451.) 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 June 2017. 1 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. The June 2017 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 May 2017, 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 the assumptions can reflect current market conditions as accurately as possible. Because of the need to provide immediate guidance for the payment of benefits under plans with valuation dates during June 2017, 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 in 29 CFR Part 4022 Employee benefit plans, Pension insurance, Pensions, Reporting and recordkeeping requirements. In consideration of the foregoing, 29 CFR part 4022 is amended as follows: PART 4022—BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS 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 284, as set forth below, is added to the table. Appendix B to Part 4022—Lump Sum Interest Rates For PBGC Payments Rate set For plans with a valuation date On or after Before Immediate annuity rate (percent) Deferred annuities (percent) *i* 1 *i* 2 *i* 3 *n* 1 *n* 2 * * * * * * * 284 6-1-17 7-1-17 1.00 4.00 4.00 4.00 7 8 3. In appendix C to part 4022, Rate Set 284, as set forth below, is added to the table.
Appendix C to Part 4022—Lump Sum Interest Rates For Private-Sector Payments Rate set For plans with a valuation date On or after Before Immediate annuity rate (percent) Deferred annuities (percent) *i* 1 *i* 2 *i* 3 *n* 1 *n* 2 * * * * * * * 284 6-1-17 7-1-17 1.00 4.00 4.00 4.00 7 8 Issued in Washington, DC. Deborah Chase Murphy, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2017-09469 Filed 5-12-17; 8:45 am]
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- 29 CFR 4022
- 29 CFR 4044
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Cite29 CFR 4022
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