Federal Register / Vol. 76, No. 136 / Friday, July 15, 2011 / Rules and Regulations 41689 

1Appendix 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. 

IX. References 

The following reference has been 

placed on display in the Division of 

Dockets Management (see ADDRESSES) 

and may be seen by interested persons 

between 9 a.m. and 4 p.m., Monday 

through Friday. (FDA has verified the 

Web site address, but FDA is not 

responsible for any subsequent changes 

to the Web sites after this document 

publishes in the Federal Register). 

1. Evaluations of the Joint FAO/WHO 

Expert Committee on Food Additives 

(JECFA), Hydroxypropyl Cellulose 

Toxicology Monograph 687, FAS 26– 

JECFA 35/85, 1989; http://apps.who.int

/ipsc/database/evaluations/search.aspx. 

List of Subjects in 21 CFR Part 172 

Food additives, Reporting and 

recordkeeping requirements. 

Therefore, under the Federal Food, 

Drug, and Cosmetic Act and under 

authority delegated to the Commissioner 

of Food and Drugs and redelegated to 

the Director, Center for Food Safety and 

Applied Nutrition, 21 CFR part 172 is 

amended as follows: 

PART 172—FOOD ADDITIVES 

PERMITTED FOR DIRECT ADDITION 

TO FOOD FOR HUMAN 

CONSUMPTION 

■ 1. The authority citation for 21 CFR 

part 172 continues to read as follows: 

Authority: 21 U.S.C. 321, 341, 342, 348, 

371, 379e. 

■ 2. Section 172.870 is amended by 

revising paragraphs (a)(1) and (b)(1) to 

read as follows: 

§ 172.870 Hydroxypropyl cellulose. 

* * * * * 

(a) * * * 

(1) A cellulose ether containing 

propylene glycol groups attached by an 

ether linkage that contains, on an 

anhydrous basis, not more than 4.6 

hydroxypropyl groups per 

anhydroglucose unit. The additive has a 

minimum viscosity of 10 centipoises for 

a 10 percent by weight aqueous solution 

at 25 degrees C. 

* * * * * 

(b) * * * 

(1) The additive identified in 

paragraph (a)(1) of this section is used 

or intended for use as an emulsifier, 

film former, protective colloid, 

stabilizer, suspending agent, or 

thickener in food, in accordance with 

good manufacturing practice. The 

additive also may be used as a binder 

in dietary supplements, in accordance 

with good manufacturing practice. 

* * * * * 

Dated: July 6, 2011. 

Susan M. Bernard, 

Acting Director, Office of Regulations, Policy 

and Social Sciences, Center for Food Safety 

and Applied Nutrition. 

[FR Doc. 2011–17928 Filed 7–14–11; 8:45 am] 

BILLING CODE 4160–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

29 CFR Part 4022 

Benefits Payable in Terminated SingleEmployer 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 

August 2011. The interest assumptions 

are used for paying benefits under 

terminating single-employer plans 

covered by the pension insurance 

system administered by PBGC. 

DATES: Effective August 1, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion 

(Klion.Catherine@pbgc.gov), Manager, 

Regulatory and Policy Division, 

Legislative and Regulatory Department, 

Pension Benefit Guaranty Corporation, 

1200 K Street, NW., Washington, DC 

20005, 202–326–4024. (TTY/TDD users 

may call the Federal relay service tollfree at 1–800–877–8339 and ask to be 

connected to 202–326–4024.) 

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 August 2011.1

The August 2011 interest assumptions 

under the benefit payments regulation 

will be 2.25 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 July 2011, 

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 August 2011, 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. 

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41690 Federal Register / Vol. 76, No. 136 / Friday, July 15, 2011 / Rules and Regulations 

■ 2. In appendix B to part 4022, Rate Set 

214, 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

*******

214 8–1–11 9–1–11 2.25 4.00 4.00 4.00 7 8 

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

214, 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

*******

214 8–1–11 9–1–11 2.25 4.00 4.00 4.00 7 8 

Issued in Washington, DC, on this 12th day 

of July 2011. 

Laricke Blanchard, 

Deputy Director for Policy Pension Benefit 

Guaranty Corporation. 

[FR Doc. 2011–17931 Filed 7–14–11; 8:45 am] 

BILLING CODE 7709–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket No. USCG–2011–0578] 

RIN 1625–AA00 

Safety Zone; Chicago Harbor, Navy 

Pier Southeast, Chicago, IL 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of enforcement of 

regulation. 

SUMMARY: The Coast Guard will enforce 

the Navy Pier Southeast Safety Zone in 

Chicago Harbor from August 3, 2011 

through August 31, 2011. This action is 

necessary and intended to ensure safety 

of life on the navigable waters of the 

United States immediately prior to, 

during, and immediately after fireworks 

events. During the aforementioned 

period, the Coast Guard will enforce 

restrictions upon, and control 

movement of, vessels in a specified area 

in Chicago Harbor. During the 

enforcement period, no person or vessel 

may enter the safety zone without 

permission of the Captain of the Port, 

Sector Lake Michigan. 

DATES: The regulations in 33 CFR 

165.931 will be enforced at various 

times and on various dates between 9:15 

p.m. on August 3, 2011 to 9:45 p.m. on 

August 31, 2011. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions on this notice, call 

or e-mail BM1 Adam Kraft, Prevention 

Department, Coast Guard Sector Lake 

Michigan, Milwaukee, WI at 414–747– 

7154, e-mail Adam.D.Kraft@uscg.mil. 

SUPPLEMENTARY INFORMATION: The Coast 

Guard will enforce the Safety Zone; 

Chicago Harbor, Navy Pier Southeast, 

Chicago, IL listed in 33 CFR 165.931 for 

the following events: 

(1) Navy Pier Fireworks; on August 3, 

2011 from 9:15 p.m. through 9:45 p.m.; 

on August 6, 2011 from 10: p.m. through 

10:30 p.m.; on August 10, 2011 from 

9:15 p.m. through 9:45 p.m.; on August 

13, 2011 from 10 p.m. through 10:30 

p.m.; on August 17, 2011 from 9:15 p.m. 

through 9:45 p.m.; on August 20, 2011 

from 10 p.m. through 10:30 p.m.; on 

August 24, 2011 from 9:15 p.m. through 

9:45 p.m.; on August 27, 2011 from 10 

p.m. through 10:30 p.m.; and on August 

31, 2011 from 9:15 p.m. through 9:45 

p.m. 

All vessels must obtain permission 

from the Captain of the Port, Sector Lake 

Michigan, or his or her on-scene 

representative to enter, move within, or 

exit the safety zone. Vessels and persons 

granted permission to enter the safety 

zone shall obey all lawful orders or 

directions of the Captain of the Port, 

Sector Lake Michigan, or his or her onscene representative. While within the 

safety zone, all vessels shall operate at 

the minimum speed necessary to 

maintain a safe course. 

This notice is issued under authority 

of 33 CFR 165.931 and 5 U.S.C. 552 (a). 

In addition to this notice in the Federal 

Register, the Coast Guard will provide 

the maritime community with advance 

notification of these enforcement 

periods via broadcast Notice to Mariners 

or Local Notice to Mariners. The 

Captain of the Port, Sector Lake 

Michigan, will issue a Broadcast Notice 

to Mariners notifying the public when 

enforcement of this safety zone is 

suspended. If the Captain of the Port, 

Sector Lake Michigan, determines that 

the safety zone need not be enforced for 

the full duration stated in this notice, he 

or she may use a Broadcast Notice to 

Mariners to grant general permission to 

enter the safety zone. The Captain of the 

Port, Sector Lake Michigan, or his or her 

on-scene representative may be 

contacted via VHF Channel 16. 

Dated: June 29, 2011. 

M.W. Sibley, 

Captain, U.S. Coast Guard, Captain of the 

Port Lake Michigan. 

[FR Doc. 2011–17795 Filed 7–14–11; 8:45 am] 

BILLING CODE 9110–04–P 

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