2568 Federal Register / Vol. 70, No. 10 / Friday, January 14, 2005 / Rules and Regulations 

Decoquinate in 

grams/ton 

Combination in 

grams/ton Indications for use Limitations Sponsor 

*******

(vii) 90.9 to 535.7 Chlortetracycline 

4,000 to 

20,000.

Calves, beef, and nonlactating 

dairy cattle: As in paragraph 

(e)(2)(i) of this section; for treatment of bacterial enteritis 

caused by Escherichia coli; and 

for treatment of bacterial pneumonia caused by Pasteurella 

multocida organisms susceptible to chlortetracycline.

Feed Type C medicated feed supplements as a 

top dress or mix into the daily ration to provide 

22.7 mg decoquinate and 1 gram chlortetracycline per 100 lb body weight per day for not 

more than 5 days. When consumed, feed 22.7 

mg decoquinate per 100 lb body weight per day 

for a total of 28 days to prevent coccidiosis. 

Withdraw 24 hours prior to slaughter when manufactured from CTC (chlortetracycline) Type A 

medicated articles under NADA 141–147. Zero 

withdrawal time when manufactured from AUREOMYCIN (chlortetracycline) Type A medicated 

articles under NADA 141–185. A withdrawal period has not been established for this product in 

preruminating calves. Do not use in calves to be 

processed for veal. Do not feed to animals producing milk for food. Chlortetracycline as provided by No. 046573 in § 510.600(c) of this 

chapter.

046573

* * * * *

Dated: January 7, 2005.

Steven D. Vaughn,

Director, Office of New Animal Drug 

Evaluation, Center for Veterinary Medicine.

[FR Doc. 05–789 Filed 1–13–05; 8:45 am]

BILLING CODE 4160–01–S

PENSION BENEFIT GUARANTY 

CORPORATION 

29 CFR Parts 4022 and 4044

Benefits Payable in Terminated SingleEmployer Plans; Allocation of Assets 

in Single-Employer Plans; Interest 

Assumptions for Valuing and Paying 

Benefits

AGENCY: Pension Benefit Guaranty 

Corporation.

ACTION: Final rule.

SUMMARY: The Pension Benefit Guaranty 

Corporation’s regulations on Benefits 

Payable in Terminated Single-Employer 

Plans and Allocation of Assets in 

Single-Employer Plans prescribe interest 

assumptions for valuing and paying 

benefits under terminating singleemployer plans. This final rule amends 

the regulations to adopt interest 

assumptions for plans with valuation 

dates in February 2005. Interest 

assumptions are also published on the 

PBGC’s Web site http://www.pbgc.gov.

EFFECTIVE DATE: February 1, 2005.

FOR FURTHER INFORMATION CONTACT:

Catherine B. Klion, Acting Assistant 

General Counsel, Office of the General 

Counsel, 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 

PBGC’s regulations prescribe actuarial 

assumptions—including interest 

assumptions—for valuing and paying 

plan benefits of terminating singleemployer plans covered by title IV of 

the Employee Retirement Income 

Security Act of 1974. The interest 

assumptions are intended to reflect 

current conditions in the financial and 

annuity markets. 

Three sets of interest assumptions are 

prescribed: (1) A set for the valuation of 

benefits for allocation purposes under 

section 4044 (found in Appendix B to 

Part 4044), (2) a set for the PBGC to use 

to determine whether a benefit is 

payable as a lump sum and to determine 

lump-sum amounts to be paid by the 

PBGC (found in Appendix B to Part 

4022), and (3) a set for private-sector 

pension practitioners to refer to if they 

wish to use lump-sum interest rates 

determined using the PBGC’s historical 

methodology (found in Appendix C to 

Part 4022). 

Accordingly, this amendment (1) adds 

to Appendix B to Part 4044 the interest 

assumptions for valuing benefits for 

allocation purposes in plans with 

valuation dates during February 2005, 

(2) adds to Appendix B to Part 4022 the 

interest assumptions for the PBGC to 

use for its own lump-sum payments in 

plans with valuation dates during 

February 2005, and (3) adds to 

Appendix C to Part 4022 the interest 

assumptions for private-sector pension 

practitioners to refer to if they wish to 

use lump-sum interest rates determined 

using the PBGC’s historical 

methodology for valuation dates during 

February 2005. 

For valuation of benefits for allocation 

purposes, the interest assumptions that 

the PBGC will use (set forth in 

Appendix B to part 4044) will be 4.00 

percent for the first 20 years following 

the valuation date and 4.75 percent 

thereafter. These interest assumptions 

represent a decrease (from those in 

effect for January 2005) of 0.10 percent 

for the first 20 years following the 

valuation date and are otherwise 

unchanged. 

The interest assumptions that the 

PBGC will use for its own lump-sum 

payments (set forth in Appendix B to 

part 4022) will be 3.00 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. These interest assumptions are 

unchanged from those in effect for 

January 2005. 

For private-sector payments, the 

interest assumptions (set forth in 

Appendix C to part 4022) will be the 

same as those used by the PBGC for 

determining and paying lump sums (set 

forth in Appendix B to part 4022). 

The 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, as 

accurately as possible, current market 

conditions. 

Because of the need to provide 

immediate guidance for the valuation 

and payment of benefits in plans with 

valuation dates during February 2005, 

the PBGC finds that good cause exists 

Federal Register / Vol. 70, No. 10 / Friday, January 14, 2005 / Rules and Regulations 2569

for making the assumptions set forth in 

this amendment effective less than 30 

days after publication. 

The 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 

136, as set forth below, is added to the 

table. (The introductory text of the table 

is omitted.) 

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 i 1 i 2 i 3 n 1 n 2

*******

136 2–1–05 3–1–05 3.00 4.00 4.00 4.00 7 8

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

136, as set forth below, is added to the 

table. (The introductory text of the table 

is omitted.) 

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 i 1 i 2 i 3 n 1 n 2

*******

136 2–1–05 3–1–05 3.00 4.00 4.00 4.00 7 8

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, as set forth below, is added to the 

table. (The introductory text of the table 

is omitted.) 

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 =

*******

February 2005 ...................................................................... .0400 1–20 .0475 >20 N/A N/A 

2570 Federal Register / Vol. 70, No. 10 / Friday, January 14, 2005 / Rules and Regulations 

Issued in Washington, DC, on this 10th day 

of January 2005. 

Joseph H. Grant, 

Chief Operating Officer, Pension Benefit 

Guaranty Corporation.

[FR Doc. 05–793 Filed 1–13–05; 8:45 am] 

BILLING CODE 7708–01–P

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 117

[CGD08–05–005] 

RIN 1625–AA09

Drawbridge Operation Regulations; 

Upper Mississippi River, Dubuque, IA

AGENCY: Coast Guard, DHS.

ACTION: Notice of temporary deviation 

from regulations. 

SUMMARY: The Commander, Eighth 

Coast Guard District has issued a 

temporary deviation from the regulation 

governing the operation of the Illinois 

Central Railroad Drawbridge, across the 

Upper Mississippi River, mile 579.9 at 

Dubuque, Iowa. This deviation allows 

the drawbridge to remain closed to 

navigation unless at least 12 hours 

advance notice is given for an opening 

from 6 a.m., January 17, 2005, until 6 

p.m., February 28, 2005, Central 

Standard Time. The deviation is 

necessary to allow time for making 

repairs of critical mechanical 

components essential to the continued 

safe operation of the drawbridge.

DATES: This temporary deviation is 

effective from 6 a.m., January 17, 2005 

through 6 p.m., February 28, 2005.

ADDRESSES: Materials referred to in this 

document are available for inspection or 

copying at Room 2.107F in the Robert A. 

Young Federal Building, 1222 Spruce 

Street, St. Louis, MO 63103–2832, 

between 8 a.m. and 4 p.m., Monday 

through Friday, except Federal holidays. 

The Bridge Administration Branch 

maintains the public docket for this 

temporary deviation.

FOR FURTHER INFORMATION CONTACT:

Roger K. Wiebusch, Bridge 

Administrator, (314) 539–3900, 

extension 2378.

SUPPLEMENTARY INFORMATION: The 

Chicago, Central and Pacific Railroad 

requested a temporary deviation to 

allow time to conduct repairs to the 

Illinois Central Railroad Drawbridge, 

across the Upper Mississippi River, mile 

579.9 at Dubuque, Iowa. The Illinois 

Central Railroad Drawbridge currently 

operates in accordance with 33 CFR 

117.5 which requires the drawbridge to 

open promptly and fully for passage of 

vessels when a request to open is given 

in accordance with 33 CFR 117, subpart 

A. In order to repair the main stringers 

over the turntable of the swing span, the 

bridge must be kept in the closed to 

navigation position. This deviation 

allows the bridge to remain closed to 

navigation for 43 days from 6 a.m., 

January 17, 2005 until 6 p.m., February 

28, 2005. The drawbridge will open 

during this time period upon 12 hours 

advance notice. There are no alternate 

routes for vessels transiting through 

mile 579.9 on the Upper Mississippi 

River. 

The Illinois Central Railroad 

Drawbridge provides a vertical 

clearance of 19.9 feet above normal 

pool. Navigation on the waterway 

consists primarily of commercial tows 

and recreational watercraft. This 

deviation has been coordinated with 

waterway users. No objections were 

received. 

In accordance with 33 CFR 117.35(c), 

this work will be performed with all due 

speed in order to return the bridge to 

normal operation as soon as possible. 

This deviation from the operating 

regulations is authorized under 33 CFR 

117.35.

Dated: January 7, 2005. 

Roger K. Wiebusch, 

Bridge Administrator.

[FR Doc. 05–790 Filed 1–13–05; 8:45 am] 

BILLING CODE 4910–15–P

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 117

[CGD01–04–156] 

Drawbridge Operation Regulations; 

Merrimack River, MA

AGENCY: Coast Guard, DHS.

ACTION: Notice of temporary deviation 

from regulations. 

SUMMARY: The Commander, First Coast 

Guard District, has issued a temporary 

deviation from the drawbridge operation 

regulations for the Essex Merrimack 

Bridge, mile 5.8, across the Merrimack 

River, at Newburyport, Massachusetts. 

This deviation allows the bridge to 

remain in the closed position from 

January 22, 2005 through February 3, 

2005. This temporary deviation is 

necessary to facilitate structural repairs 

at the bridge.

DATES: This deviation is effective from 

January 22, 2005 through February 3, 

2005.

FOR FURTHER INFORMATION CONTACT: John 

McDonald, Project Officer, First Coast 

Guard District, at (617) 223–8364.

SUPPLEMENTARY INFORMATION: The Essex 

Merrimack Bridge, at mile 5.8, across 

the Merrimack River, has a vertical 

clearance of 15 feet at mean high water, 

and 22 feet at mean low water in the 

closed position. The existing regulations 

are listed at 33 CFR 117.605(c). 

The bridge owner, Massachusetts 

Highway Department, requested a 

temporary deviation from the 

drawbridge operating regulations to 

facilitate necessary structural repairs to 

the balance wheels at the bridge. 

This deviation to the operating 

regulations allows the bridge to remain 

in the closed position from January 22, 

2005 through February 3, 2005. 

This deviation from the operating 

regulations is authorized under 33 CFR 

117.35 and will be performed with all 

due speed in order to return the bridge 

to normal operation as soon as possible.

Dated: January 7, 2005. 

Gary Kassof, 

Bridge Program Manager, First Coast Guard 

District.

[FR Doc. 05–791 Filed 1–13–05; 8:45 am] 

BILLING CODE 4910–15–P

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 117

[CGD08–05–006] 

RIN 1625–AA09

Drawbridge Operation Regulations; 

Upper Mississippi River, Fort Madison, 

IA and Burlington, IA

AGENCY: Coast Guard, DHS.

ACTION: Notice of temporary deviation 

from regulations. 

SUMMARY: The Commander, Eighth 

Coast Guard District has issued a 

temporary deviation from the regulation 

governing the operation of the Fort 

Madison Drawbridge, mile 383.9, Fort 

Madison, Iowa and the Burlington 

Railroad Drawbridge, mile 403.1, 

Burlington, Iowa, across the Upper 

Mississippi River. This deviation allows 

the drawbridges to remain closed to 

navigation unless at least 4 hours 

advance notice is given for an opening 

from 8 a.m., January 24, 2005, until 8 

a.m., March 1, 2005, Central Standard