72018 Federal Register / Vol. 78, No. 231 / Monday, December 2, 2013 / Rules and Regulations 

taxpayers is therefore appropriate, 

regardless of the amount of taxes owed. 

The commenter made two additional 

recommendations. The commenter 

recommended that the IRS implement 

procedures to require IRS employees to 

investigate whether a taxpayer making 

an installment agreement is eligible for 

the reduced fee for low-income 

taxpayers. The commenter also 

recommended that the IRS enhance 

internal training and establish 

procedures to better promote viable 

payment plans and avoid unrealistic 

installment agreements for low-income 

taxpayers. These comments do not affect 

the content of these final regulations, 

but the IRS will, nevertheless, consider 

them when updating the procedures for 

entering into installment agreements. 

The IRS notes, however, that as of 

January of 2008, taxpayers meeting the 

low-income criteria are identified 

systemically based on the taxpayer’s last 

return and the account is identified as 

being eligible for the reduced user fee. 

Special Analyses 

It has been determined that these final 

regulations are not a significant 

regulatory action as defined in 

Executive Order 12866, as 

supplemented by Executive Order 

13563. Therefore, a regulatory 

assessment is not required. It is hereby 

certified that these regulations will not 

have a significant economic impact on 

a substantial number of small entities. 

Accordingly, a regulatory flexibility 

analysis is not required. This 

certification is based on the information 

that follows. The economic impact of 

these regulations on any small entity 

would result from the entity being 

required to pay a fee prescribed by these 

regulations to obtain a particular 

service. The dollar amount of the fee is 

not, however, substantial enough to 

have a significant economic impact on 

any entity subject to the fee. Pursuant to 

section 7805(f) of the Code, the notice 

of proposed rulemaking preceding this 

regulation was submitted to the Chief 

Counsel for Advocacy of the Small 

Business Administration for comment 

on its impact on small business and no 

comments were received. 

Drafting Information 

The principal author of these 

regulations is Girish Prasad of the Office 

of Associate Chief Counsel (Procedure 

and Administration). 

List of Subjects in 26 CFR Part 300 

Estate taxes, Excise taxes, Gift taxes, 

Income taxes, Reporting and 

recordkeeping requirements, User fees. 

Adoption of Amendments to the 

Regulations 

Accordingly, 26 CFR part 300 is 

amended as follows: 

PART 300—USER FEES 

■ Paragraph 1. The authority citation 

for part 300 continues to read as 

follows: 

Authority: 31 U.S.C. 9701. 

■ Par. 2. In § 300.1, paragraphs (b) 

introductory text and (d) are revised to 

read as follows: 

§ 300.1 Installment agreement fee. 

* * * * * 

(b) Fee. The fee for entering into an 

installment agreement before January 1, 

2014, is $105. The fee for entering into 

an installment agreement on or after 

January 1, 2014, is $120. A reduced fee 

applies in the following situations: 

* * * * * 

(d) Effective/applicability date. This 

section is applicable beginning January 

1, 2014. 

■ Par. 3. In § 300.2, paragraphs (b) and 

(d) are revised to read as follows: 

§ 300.2 Restructuring or reinstatement of 

installment agreement fee. 

* * * * * 

(b) Fee. The fee for restructuring or 

reinstating an installment agreement 

before January 1, 2014, is $45. The fee 

for restructuring or reinstating an 

installment agreement on or after 

January 1, 2014, is $50. 

* * * * * 

(d) Effective/applicability date. This 

section is applicable beginning January 

1, 2014. 

■ Par. 4. In § 300.3, paragraphs (b)(1) 

introductory text and (d) are revised to 

read as follows: 

§ 300.3 Offer to compromise fee. 

* * * * * 

(b) Fee. (1) The fee for processing an 

offer to compromise before January 1, 

2014, is $150. The fee for processing an 

offer to compromise on or after January 

1, 2014, is $186. No fee will be charged 

if an offer is— 

* * * * * 

(d) Effective/applicability date. This 

section is applicable beginning January 

1, 2014. 

Approved: November 22, 2013. 

John Dalrymple, 

Deputy Commissioner for Services and 

Enforcement. 

Mark J. Mazur, 

Assistant Secretary of the Treasury (Tax 

Policy). 

[FR Doc. 2013–28863 Filed 11–29–13; 8:45 am] 

BILLING CODE 4830–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

29 CFR Part 4044 

Allocation of Assets in SingleEmployer 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 2014. This table is 

needed in order to compute the value of 

early retirement benefits and, thus, the 

total value of benefits under a plan. 

DATES: Effective Date: January 1, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, 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: 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 


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Federal Register / Vol. 78, No. 231 / Monday, December 2, 2013 / Rules and Regulations 72019 

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 the 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–13 with Table I–14 in 

order to provide an updated correlation, 

appropriate for calendar year 2014, 

between the amount of a participant’s 

benefit and the probability that the 

participant will elect early retirement. 

Table I–14 will be used to value benefits 

in plans with valuation dates during 

calendar year 2014. 

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 2014, the plan administrator 

needs the updated table being 

promulgated in this rule. Accordingly, 

the public interest is best served by 

issuing this table expeditiously, without 

an opportunity for notice and comment, 

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 2014. 

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 

regulation, the Regulatory Flexibility 

Act of 1980 does not apply (5 U.S.C. 

601(2)). 

List of Subjects in 29 CFR Part 4044 

Pension insurance, Pensions. 

In consideration of the foregoing, 29 

CFR part 4044 is amended as follows: 

PART 4044 

■ 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–13 and 

adding in its place Table I–14 To read 

as follows: 

Appendix D to Part 4044 —Tables Used 

To Determine Expected Retirement Age 

TABLE I–14—SELECTION OF RETIREMENT RATE CATEGORY

[For Plans with valuation dates after December 31, 2013, and before January 1, 2015] 

If participant reaches URA in year— 

Participant’s Retirement Rate Category is— 

Low 1 if monthly benefit at 

URA is less 

than— 

Medium 2 if monthly benefit at 

URA is— 

High 3 if 

monthly benefit at URA is 

From— To— greater than— 

2015 ................................................................................................................. 614 614 2,594 2,594 

2016 ................................................................................................................. 627 627 2,651 2,651 

2017 ................................................................................................................. 641 641 2,710 2,710 

2018 ................................................................................................................. 655 655 2,769 2,769 

2019 ................................................................................................................. 670 670 2,830 2,830 

2020 ................................................................................................................. 685 685 2,893 2,893 

2021 ................................................................................................................. 700 700 2,956 2,956 

2022 ................................................................................................................. 715 715 3,021 3,021 

2023 ................................................................................................................. 731 731 3,088 3,088 

2024 or later .................................................................................................... 747 747 3,156 3,156 

1 Table II–A. 2 Table II–B. 3 Table II–C. 

* * * * * 

Issued in Washington, DC, this 19th day of 

November, 2013. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2013–28682 Filed 11–29–13; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 100 

[Docket No. USCG–2013–0937] 

Special Local Regulation; Southern 

California Annual Marine Events for 

the San Diego Captain of the Port Zone 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of enforcement of 

regulation. 

SUMMARY: The Coast Guard will enforce 

the Mission Bay Parade of Lights special 

local regulations during this year’s 

parade held on December 14, 2013. This 

event occurs on Mission Bay in San 

Diego, CA. These special local 

regulations are necessary to provide for 

the safety of the participants, crew, 

spectators, sponsor vessels of the 

parade, and general users of the 

waterway. During the enforcement 

period, persons and vessels are 


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