Federal Register / Vol. 79, No. 240 / Monday, December 15, 2014 / Rules and Regulations 74021 

(b) Sponsors. See sponsors in 

§ 510.600(c) of this chapter for use as in 

paragraph (c) of this section. 

(1) No. 053599 for use of in 2 mg/mL 

solution as in paragraph (c)(1) of this 

section. 

(2) No. 053923 for use of in 5 mg/mL 

solution as in paragraph (c)(2) of this 

section. 

(c) Conditions of use—(1) Dogs—(i) 

Amount. Administer 0.05 mg per pound 

(0.11 mg per kilogram) of body weight 

by intravenous injection. 

(ii) Indications for use. To reverse the 

effects of xylazine in dogs. 

(iii) Limitations. Not for use in foodproducing animals. Federal law restricts 

this drug to use by or on the order of 

a licensed veterinarian. 

(2) Deer and elk—(i) Amount. 

Administer 0.2 to 0.3 mg per kilogram 

of body weight by intravenous injection. 

(ii) Indications for use. A s an 

antagonist to xylazine sedation in free 

ranging or confined members of the 

family Cervidae (deer and elk). 

(iii) Limitations. Do not use in 

domestic food-producing animals. Do 

not use for 30 days before or during 

hunting season. Federal law restricts 

this drug to use by or on the order of 

a licensed veterinarian. 

PART 558—NEW ANIMAL DRUGS FOR 

USE IN ANIMAL FEEDS 

■ 20. The authority citation for 21 CFR 

part 558 continues to read as follows: 

Authority: 21 U.S.C. 360b, 371. 

§ 558.76 [Amended] 

■ 21. In § 558.76, in paragraph (d)(1)(x), 

in the entry for ‘‘Quail’’, in the 

‘‘Limitations’’ column, remove the first 

sentence. 

§ 558.105 [Removed] 

■ 22. Remove reserved § 558.105. 

■ 23. In § 558.355, add paragraph 

(f)(1)(xxxi) to read as follows: 

§ 558.355 Monensin. 

* * * * * 

(f) * * * 

(1) * * * 

(xxxi) Amount per ton. Monensin, 90 

to 110 grams; plus virginiamycin, 20 

grams. 

(a) Indications for use. Broiler 

chickens: As an aid in the prevention of 

coccidiosis caused by E. necatrix, E. 

tenella, E. acervulina, E. brunetti, E. 

mivati, and E. maxima; and for 

prevention of necrotic enteritis caused 

by Clostridium perfringens susceptible 

to virginiamycin. 

(b) Limitations. Feed continuously as 

sole ration. Do not feed to laying 

chickens. See paragraph (d) of this 

section. As monensin provided by No. 

000986; virginiamycin as provided by 

No. 066104 in § 510.600(c) of this 

chapter. 

* * * * * 

Dated: December 9, 2014. 

Bernadette Dunham, 

Director, Center for Veterinary Medicine. 

[FR Doc. 2014–29249 Filed 12–12–14; 8:45 am] 

BILLING CODE 4164–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Food and Drug Administration 

21 CFR Part 520 

[Docket No. FDA–2014–N–0002] 

Oral Dosage Form New Animal Drugs; 

Withdrawal of Approval of New Animal 

Drug Application; Oxytetracycline 

AGENCY: Food and Drug Administration, 

HHS. 

ACTION: Notification of withdrawal of 

approval. 

SUMMARY: The Food and Drug 

Administration (FDA) is withdrawing 

approval of an abbreviated new animal 

drug application (ANADA) for an 

oxytetracycline soluble powder used to 

make medicated drinking water for 

livestock and poultry. This action is 

being taken at the sponsor’s request 

because this product is no longer 

manufactured or marketed. 

DATES: Withdrawal of approval is 

effective December 26, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Sujaya Dessai, Center for Veterinary 

Medicine (HFV–212), Food and Drug 

Administration, 7519 Standish Pl., 

Rockville, MD 20855, 240–276–9075, 

sujaya.dessai@fda.hhs.gov. 

SUPPLEMENTARY INFORMATION: 

Ve ́toquinol N.-A., Inc., 2000 chemin 

Georges, Lavaltrie (PQ), Canada, J5T 3S5 

has requested that FDA withdraw 

approval of ANADA 200–305 for 

Oxytetracycline Hydrochloride Soluble 

Powder because the product is no longer 

manufactured or marketed. Note this 

ANADA was identified as being affected 

by guidance for industry (GFI) #213, 

‘‘New Animal Drugs and New Animal 

Drug Combination Products 

Administered in or on Medicated Feed 

or Drinking Water of Food-Producing 

Animals: Recommendations for Drug 

Sponsors for Voluntarily Aligning 

Product Use Conditions with GFI #209’’, 

December 2013. 

Therefore, under authority delegated 

to the Commissioner of Food and Drugs 

and redelegated to the Center for 

Veterinary Medicine, and in accordance 

with § 514.116 Notice of withdrawal of 

approval of application (21 CFR 

514.116), notice is given that approval 

of ANADA 200–305, and all 

supplements and amendments thereto, 

is hereby withdrawn, effective 

December 26, 2014. 

Elsewhere in this issue of the Federal 

Register, FDA is amending the animal 

drug regulations to reflect the voluntary 

withdrawal of approval of this 

application. 

Dated: December 9, 2014. 

Bernadette Dunham, 

Director, Center for Veterinary Medicine. 

[FR Doc. 2014–29248 Filed 12–12–14; 8:45 am] 

BILLING CODE 4164–01–P 

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 

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 January 2015 and 

interest assumptions under the asset 

allocation regulation for valuation dates 

in the first quarter of 2015. 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 January 1, 2015. 

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 

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 


tkelley on DSK3SPTVN1PROD with RULES
74022 Federal Register / Vol. 79, No. 240 / Monday, December 15, 2014 / Rules and Regulations 

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 Web site (http://

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 January 2015 

and updates the asset allocation interest 

assumptions for the first quarter 

(January through March) of 2015. 

The first quarter 2015 interest 

assumptions under the allocation 

regulation will be 2.89 percent for the 

first 20 years following the valuation 

date and 3.12 percent thereafter. In 

comparison with the interest 

assumptions in effect for the fourth 

quarter of 2014, these interest 

assumptions represent no change in the 

select period, (the period during which 

the select rate (the initial rate) applies), 

a decrease of 0.21 percent in the select 

rate, and a decrease of 0.17 percent in 

the ultimate rate (the final rate). 

The January 2015 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 December 

2014, 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 valuation 

and payment of benefits under plans 

with valuation dates during January 

2015, 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 

■ 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 

255, 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 Immediate 

annuity rate 

(percent) 

Deferred annuities 

(percent) 

On or after Before i1 i2 i3 n1 n2

*******

255 1–1–15 2–1–15 1.00 4.00 4.00 4.00 7 8 

■ 3. In appendix C to part 4022, Rate Set 

255, 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 Immediate 

annuity rate 

(percent) 

Deferred annuities 

(percent) 

On or after Before i1 i2 i3 n1 n2

*******

255 .................................... 1–1–15 2–1–15 1.00 4.00 4.00 4.00 7 8 


tkelley on DSK3SPTVN1PROD with RULES
Federal Register / Vol. 79, No. 240 / Monday, December 15, 2014 / Rules and Regulations 74023 

PART 4044—ALLOCATION OF 

ASSETS IN SINGLE–EMPLOYER 

PLANS 

■ 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. 

■ 5. In appendix B to part 4044, a new 

entry for January—March 2015, as set 

forth below, is added to the table. 

Appendix B to Part 4044—Interest 

Rates Used to Value Benefits 

* * * * * 

For valuation dates occurring in the month— 

The values of it are: 

it for t = it for t = it for t = 

*******

January–March 2015 ........................................................ 0.0289 1–20 0.0312 >20 N/A N/A 

Issued in Washington, DC, on this 10th day 

of December 2014. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2014–29382 Filed 12–12–14; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF THE TREASURY 

Fiscal Service 

31 CFR Part 347 

RIN 1530–AA08 

Regulations Governing Retirement 

Savings Bonds 

AGENCY: Bureau of the Fiscal Service, 

Fiscal Service, Treasury. 

ACTION: Final rule. 

SUMMARY: The United States Department 

of the Treasury, Bureau of the Fiscal 

Service, offers a new nonmarketable, 

electronic retirement savings bond for 

Treasury’s new retirement savings 

program. The bonds will be issued to a 

designated custodian for Roth 

individual retirement accounts 

established under Treasury’s program. 

This new savings bond is only available 

to participants in the retirement savings 

program and will protect the principal 

contributed while earning interest at a 

rate previously available only to federal 

employees invested in the Government 

Securities Investment Fund (G Fund) of 

their Thrift Savings Plan. 

DATES: This final rule is effective 

December 15, 2014. 

ADDRESSES: You can download this 

Final Rule at the following Internet 

addresses: http://www.gpo.gov; or 

http://www.regulations.gov. 

FOR FURTHER INFORMATION CONTACT: 

Technical information: Kimberly 

Reese, Program Manager, 304–480–7929 

or kimberly.reese@fiscal.treasury.gov. 

Legal information: David T. 

Copenhaver, Deputy Chief Counsel, 

304–480–8692 or david.copenhaver@

fiscal.treasury.gov. 

SUPPLEMENTARY INFORMATION: 

I. Background 

The Secretary of the Treasury is 

authorized under Chapter 31 of Title 31, 

United States Code, to issue United 

States obligations and offer them for sale 

under such terms and conditions as the 

Secretary may prescribe. On January 29, 

2014, the President of the United States 

issued a Presidential Memorandum 

directing the Secretary to develop a new 

retirement savings security focused on 

reaching new and small-dollar savers. In 

response, the Secretary is offering 

electronic retirement savings bonds for 

Treasury’s retirement savings program. 

This new retirement savings program 

allows individuals to establish Roth 

individual retirement accounts (Roth 

IRAs) with Treasury’s designated 

custodian. These accounts will allow 

savers to begin investing for retirement 

with no start-up costs and no fees. 

Participants in the program can 

continue to make periodic electronic 

contributions in any amount to their 

account. 

Amounts contributed by participants 

in the program will be invested 

exclusively in Treasury’s new 

retirement savings bonds. The 

designated custodian for the program 

will purchase and hold these new bonds 

for the benefit of the participants. This 

new savings bond is only available to 

participants in Treasury’s new 

retirement savings program and will 

protect the principal contributed while 

earning interest at a rate previously 

available only to federal employees 

invested in the Government Securities 

Investment Fund (G Fund) of their 

Thrift Savings Plan. 

Individuals can continue to 

participate in the program until their 

account balance reaches $15,000 or 

until they have participated in the 

program for 30 years, whichever occurs 

first. At any time, participants can 

transfer their balance to a commercial 

financial services provider to take 

advantage of the broad array of 

retirement products available in the 

marketplace. Because the accounts 

offered through the program are Roth 

IRAs, participants also have the 

flexibility to withdraw their 

contributions at any time without a 

penalty. Participants can keep their 

account and can continue investing in 

the retirement savings bond even if they 

change jobs. 

With the retirement savings bond and 

Treasury’s retirement savings program, 

American families can begin to build for 

their retirement. Treasury’s program 

serves as a stepping stone to the broader 

array of retirement products available in 

today’s marketplace. This rule 

establishes the terms and conditions of 

the retirement savings bonds. 

II. Procedural Requirements 

A. Administrative Procedure Act (APA) 

Because this rule relates to United 

States securities, which are contracts 

between Treasury and the owner of the 

security, this rule falls within the 

contract exception to the APA at 5 

U.S.C. 553(a)(2). As a result, the notice, 

public comment, and delayed effective 

date provisions of the APA are 

inapplicable to this rule. 

B. Congressional Review Act (CRA) 

This rule is not a major rule pursuant 

to the CRA, 5 U.S.C. 801 et seq. It is not 

expected to lead to any of the results 

listed in 5 U.S.C. 804(2). This rule may 

take immediate effect after we submit a 

copy of it to Congress and the 

Comptroller General. 

C. Paperwork Reduction Act (PRA) 

There is no new collection of 

information contained in this final rule 

that would be subject to the PRA, 44 

U.S.C. 3501 et seq. Under the PRA, an 

agency may not conduct or sponsor, and 

a person is not required to respond to, 

a collection of information unless it 

displays a valid OMB control number. 


tkelley on DSK3SPTVN1PROD with RULES