13742 Federal Register / Vol. 81, No. 50 / Tuesday, March 15, 2016 / Rules and Regulations 

TABLE 1—MIRE FUNDAMENTAL DATA ELEMENTS FOR NON-LOCAL (BASED ON FUNCTIONAL CLASSIFICATION) PAVED

ROADS

MIRE name (MIRE No.) 1

Roadway segment Intersection 

Segment Identifier (12) ............................................................................. Unique Junction Identifier (120). 

Route Number (8) 2 .................................................................................. Location Identifier for Road 1 Crossing Point (122). 

Route/street Name (9) 2 ............................................................................ Location Identifier for Road 2 Crossing Point (123). 

Federal Aid/Route Type (21) 2 .................................................................. Intersection/Junction Geometry (126). 

Rural/Urban Designation (20) 2 ................................................................ Intersection/Junction Traffic Control (131). 

Surface Type (23) 2 .................................................................................. AADT (79) [for Each Intersecting Road]. 

Begin Point Segment Descriptor (10) 2 .................................................... AADT Year (80) [for Each Intersecting Road]. 

End Point Segment Descriptor (11) 2

Segment Length (13) 2

Direction of Inventory (18) ........................................................................ Unique Approach Identifier (139). 

Functional Class (19) 2

Median Type (54) 

Access Control (22) 2

One/Two-Way Operations (91) 2 .............................................................. Interchange/Ramp. 

Number of Through Lanes (31) 2 ............................................................. Unique Interchange Identifier (178). 

Average Annual Daily Traffic (79) 2 .......................................................... Location Identifier for Roadway at Beginning Ramp Terminal (197). 

AADT Year (80) 2 ...................................................................................... Location Identifier for Roadway at Ending Ramp Terminal (201). 

Type of Governmental Ownership (4) 2 .................................................... Ramp Length (187). 

Roadway Type at Beginning Ramp Terminal (195). 

Roadway Type at Ending Ramp Terminal (199). 

Interchange Type (182). 

Ramp AADT (191).2

Year of Ramp AADT (192).2

Functional Class (19).2

Type of Governmental Ownership (4).2

1 Model Inventory of Roadway Elements—MIRE, Version 1.0, Report No. FHWA–SA–10–018, October 2010, http://safety.fhwa.dot.gov/tools/ 

data_tools/mirereport/mirereport.pdf. 2 Highway Performance Monitoring System full extent elements are required on all Federal-aid highways and ramps located within grade-separated interchanges, i.e., National Highway System (NHS) and all functional systems excluding rural minor collectors and locals. 

TABLE 2—MIRE FUNDAMENTAL DATA

ELEMENTS FOR LOCAL (BASED ON

FUNCTIONAL CLASSIFICATION) 

PAVED ROADS

MIRE name (MIRE No.) 1

Roadway segment: 

Segment Identifier (12). 

Functional Class (19).2

Surface Type (23).2

Type of Governmental Ownership (4).2

Number of Through Lanes (31).2

Average Annual Daily Traffic (79).2

Begin Point Segment Descriptor (10).2

End Point Segment Descriptor (11).2

Rural/Urban Designation (20).2

1 Model Inventory of Roadway Elements— 

MIRE, Version 1.0, Report No. FHWA-SA-10- 

018, October 2010, http://safety.fhwa.dot.gov/ 

tools/data_tools/mirereport/mirereport.pdf. 2 Highway Performance Monitoring System 

full extent elements are required on all Federal-aid highways and ramps located within 

grade-separated interchanges, i.e., National 

Highway System (NHS) and all functional systems excluding rural minor collectors and 

locals. 

TABLE 3—MIRE FUNDAMENTAL DATA

ELEMENTS FOR UNPAVED ROADS

MIRE name (MIRE No.) 1

Roadway segment: 

Segment Identifier (12). 

Functional Class (19).2

TABLE 3—MIRE FUNDAMENTAL DATA

ELEMENTS FOR UNPAVED ROADS— 

Continued 

MIRE name (MIRE No.) 1

Type of Governmental Ownership (4).2

Begin Point Segment Descriptor (10).2

End Point Segment Descriptor (11).2

1 Model Inventory of Roadway Elements— 

MIRE, Version 1.0, Report No. FHWA–SA– 

10–018, October 2010, http://safety.fhwa.dot.gov/tools/data_tools/mirereport/ 

mirereport.pdf. 2 Highway Performance Monitoring System 

full extent elements are required on all Federal-aid highways and ramps located within 

grade-separated interchanges, i.e., National 

Highway System (NHS) and all functional systems excluding rural minor collectors and 

locals. 

[FR Doc. 2016–05190 Filed 3–14–16; 8:45 am] 

BILLING CODE 4910–22–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 April 2016 and 

interest assumptions under the asset 

allocation regulation for valuation dates 

in the second quarter of 2016. 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 April 1, 2016. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion (Klion.Catherine@

PBGC.gov), Assistant General Counsel 


asabaliauskas on DSK3SPTVN1PROD with RULES
Federal Register / Vol. 81, No. 50 / Tuesday, March 15, 2016 / Rules and Regulations 13743 

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 

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 April 2016 and 

updates the asset allocation interest 

assumptions for the second quarter 

(April through June) of 2016. 

The second quarter 2016 interest 

assumptions under the allocation 

regulation will be 2.77 percent for the 

first 20 years following the valuation 

date and 2.86 percent thereafter. In 

comparison with the interest 

assumptions in effect for the first 

quarter of 2016, these interest 

assumptions represent no change in the 

select period (the period during which 

the select rate (the initial rate) applies), 

a decrease of 0.05 percent in the select 

rate, and a decrease of 0.09 percent in 

the ultimate rate (the final rate). 

The April 2016 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 March 2016, 

these interest assumptions represent a 

decrease of 0.25 percent in the 

immediate annuity rate and are 

otherwise 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 April 2016, 

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 

270, 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

*******

270 4–1–16 5–1–16 1.00 4.00 4.00 4.00 7 8 

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

270, 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


asabaliauskas on DSK3SPTVN1PROD with RULES
13744 Federal Register / Vol. 81, No. 50 / Tuesday, March 15, 2016 / Rules and Regulations 

Rate set 

For plans with a valuation 

date Immediate 

annuity rate 

(percent) 

Deferred annuities (percent) 

On or after Before i1 i2 i3 n1 n2

*******

270 4–1–16 5–1–16 1.00 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 for April–June 2016, 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 = 

*******

April–June 2016 ................................................................ 0.0277 1–20 0.0286 >20 N/A N/A 

Issued in Washington, DC, on this 9th day 

of March 2016. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2016–05733 Filed 3–14–16; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF TRANSPORTATION 

Saint Lawrence Seaway Development 

Corporation 

33 CFR Part 401 

[Docket No. SLSDC–2016–0004] 

RIN 2135–AA39 

Seaway Regulations and Rules: 

Periodic Update, Various Categories 

AGENCY: Saint Lawrence Seaway 

Development Corporation, DOT. 

ACTION: Final rule. 

SUMMARY: The Saint Lawrence Seaway 

Development Corporation (SLSDC) and 

the St. Lawrence Seaway Management 

Corporation (SLSMC) of Canada, under 

international agreement, jointly publish 

and presently administer the St. 

Lawrence Seaway Regulations and 

Rules (Practices and Procedures in 

Canada) in their respective jurisdictions. 

Under agreement with the SLSMC, the 

SLSDC is amending the joint regulations 

by updating the Seaway Regulations and 

Rules in various categories. The changes 

will update the following sections of the 

Regulations and Rules: Condition of 

Vessels; Seaway Navigation; and, 

Information and Reports. These 

amendments are necessary to take 

account of updated procedures and will 

enhance the safety of transits through 

the Seaway. Several of the amendments 

are merely editorial or for clarification 

of existing requirements. 

DATES: This final rule will be effective 

on March 21, 2016. 

ADDRESSES: Docket: For access to the 

docket to read background documents 

or comments received, go to http://

www.Regulations.gov; or in person at 

the Docket Management Facility; U.S. 

Department of Transportation, 1200 

New Jersey Avenue SE., West Building 

Ground Floor, Room W12–140, 

Washington, DC 20590–001, between 9 

a.m. and 5 p.m., Monday through 

Friday, except Federal Holidays. 

FOR FURTHER INFORMATION CONTACT: 

Carrie Mann Lavigne, Chief Counsel, 

Saint Lawrence Seaway Development 

Corporation, 180 Andrews Street, 

Massena, New York 13662; 315/764– 

3200. 

SUPPLEMENTARY INFORMATION: The Saint 

Lawrence Seaway Development 

Corporation (SLSDC) and the St. 

Lawrence Seaway Management 

Corporation (SLSMC) of Canada, under 

international agreement, jointly publish 

and presently administer the St. 

Lawrence Seaway Regulations and 

Rules (Practices and Procedures in 

Canada) in their respective jurisdictions. 

Under agreement with the SLSMC, the 

SLSDC is amending the joint regulations 

by updating the Regulations and Rules 

in various categories. The changes will 

update the following sections of the 

Regulations and Rules: Condition of 

Vessels; Seaway Navigation; and, 

Information and Reports. These updates 

are necessary to take account of updated 

procedures which will enhance the 

safety of transits through the Seaway. 

Many of these changes are to clarify 

existing requirements in the regulations. 

Where new requirements or regulations 

are made, an explanation for such a 

change is provided below. A Notice of 

Proposed Rulemaking was published in 

the Federal Register on February 5, 

2016 (81 FR 6198). No comments were 

received. The joint regulations will 

become effective in Canada on March 

21, 2016. For consistency, because these 

are joint regulations under international 

agreement, and to avoid confusion 

among users of the Seaway, the SLSDC 

finds that there is good cause to make 

the U.S. version of the amendments 

effective on the same date. 

Regulatory Notices: Privacy Act: 

Anyone is able to search the electronic 

form of all comments received into any 

of our dockets by the name of the 

individual submitting the comment (or 

signing the comment, if submitted on 

behalf of an association, business, labor 

union, etc.). You may review DOT’s 

complete Privacy Act Statement in the 

Federal Register published on April 11, 

2000 (Volume 65, Number 70; Pages 

19477–78) or you may visit http://

www.Regulations.gov. 

The SLSDC is amending four sections 

of the Condition of Vessels portion of 

the joint Seaway regulations. In 

§ 401.10, ‘‘Mooring lines’’, the two 

Corporations are permitting vessels not 

greater than 200 m in overall length to 

use soft lines instead of wire lines. Over 

the past 3 years, vessels greater than 150 

m in overall length have been permitted 

to use type approved soft lines on a test 

basis, with successful results. Based on 

these same results, the SLSDC is 

amending § 401.11, ‘‘Minimum 

Requirements—mooring lines and 

fairleads’’ to permit the operator of 


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