Federal Register / Vol. 79, No. 72 / Tuesday, April 15, 2014 / Rules and Regulations 21127 

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. 

TABLE 1—ORIGINAL AND SUPPLEMENTAL NADAS AND ANADAS APPROVED DURING MARCH 2014 

NADA/ 

ANADA Sponsor New animal drug product name Action 21 CFR Section 

FOIA 

Summary 

NEPA 

Review 

200–468 ... Cross Vetpharm Group Ltd., 

Broomhill Rd., Tallaght, 

Dublin 24, Ireland.

GENTAMED–P for Poultry 

(gentamicin sulfate) Injection.

Original approval as a generic copy of NADA 101– 

862.

522.1044 yes ........... CE.1 2

200–529 ... Cross Vetpharm Group Ltd., 

Broomhill Rd., Tallaght, 

Dublin 24, Ireland.

XYLAMED (xylazine) Injection.Original approval as a generic copy of NADA 047– 

956.

522.2662 yes ........... CE.1 2

1The Agency has determined under 21 CFR 25.33 that this action is categorically excluded (CE) from the requirement to submit an environmental assessment or an environmental impact statement because it is of a type that does not individually or cumulatively have a significant effect on the human environment. 2 CE granted under 21 CFR 25.33(a)(1). 

List of Subjects in 21 CFR Part 522 

Animal drugs. 

Therefore, under the Federal Food, 

Drug, and Cosmetic Act and under 

authority delegated to the Commissioner 

of Food and Drugs and redelegated to 

the Center for Veterinary Medicine, 21 

CFR part 522 is amended as follows: 

PART 522—IMPLANTATION OR 

INJECTABLE DOSAGE FORM NEW 

ANIMAL DRUGS 

■ 1. The authority citation for 21 CFR 

part 522 continues to read as follows: 

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

■ 2. In 522.313c, revise paragraph (d) to 

read as follows: 

§ 522.313c Ceftiofur sodium. 

* * * * * 

(d) Special considerations. Federal 

law restricts this drug to use by or on 

the order of a licensed veterinarian. 

Federal law prohibits extra-label use of 

this drug in cattle, swine, chickens, and 

turkeys for disease prevention purposes; 

at unapproved doses, frequencies, 

durations, or routes of administration; 

and in unapproved major foodproducing species/production classes. 

* * * * * 

§ 522.1044 [Amended] 

■ 3. In § 522.1044, in paragraph (b)(4), 

remove ‘‘No. 000859’’ and in its place 

add ‘‘Nos. 000859 and 061623’’. 

§ 522.2662 [Amended] 

■ 4. In § 522.2662, in paragraph (b)(2), 

remove ‘‘No. 000010’’ and in its place 

add ’’ Nos. 000010 and 061623’’. 

Dated: April 9, 2014. 

Bernadette Dunham, 

Director, Center for Veterinary Medicine. 

[FR Doc. 2014–08445 Filed 4–14–14; 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 

May 2014. The interest assumptions are 

used for paying benefits under 

terminating single-employer plans 

covered by the pension insurance 

system administered by PBGC. 

DATES: Effective May 1, 2014. 

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 

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 May 2014.1

The May 2014 interest assumptions 

under the benefit payments regulation 

will be 1.50 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 April 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 payment of 

benefits under plans with valuation 

dates during May 2014, 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. 


ehiers on DSK2VPTVN1PROD with RULES
21128 Federal Register / Vol. 79, No. 72 / Tuesday, April 15, 2014 / Rules and Regulations 

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. 

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

247, 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

*******

247 5–1–14 6–1–14 1.50 4.00 4.00 4.00 7 8 

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

247, 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

*******

247 5–1–14 6–1–14 1.50 4.00 4.00 4.00 7 8 

Issued in Washington, DC, on this 8th day 

of April 2014. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2014–08483 Filed 4–14–14; 8:45 am] 

BILLING CODE 7709–012–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 117 

[Docket No. USCG–2014–0237] 

Drawbridge Operation Regulation; 

Duwamish Waterway, Seattle, WA 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of deviation from 

drawbridge regulation. 

SUMMARY: The Coast Guard has issued a 

temporary deviation from the operating 

schedule that governs the South Park 

Highway Bridge across the Duwamish 

Waterway, mile 3.8, at Seattle, 

Washington. The deviation is necessary 

to enable timely completion of 

drawbridge construction. This deviation 

allows the drawbridge to remain closed 

to mariners needing a full channel, 

double bascule leaf drawbridge opening 

unless 12 hours advance notice is 

provided. Mariners that only require a 

single leaf, half channel drawbridge 

opening will be given an opening upon 

signal. 

DATES: This deviation is effective 

without actual notice from April 15, 

2014 until 11:59 p.m. on September 1, 

2014. For the purposes of enforcement, 

actual notice will be used from 12:01 

a.m. on March 30, 2014, until April 15, 

2014. 

ADDRESSES: The docket for this 

deviation, [USCG–2014–0237] is 

available at http://www.regulations.gov. 

Type the docket number in the 

‘‘SEARCH’’ box and click ‘‘SEARCH.’’ 

Click on Open Docket Folder on the line 

associated with this deviation. You may 

also visit the Docket Management 

Facility in Room W12–140 on the 

ground floor of the Department of 

Transportation West Building, 1200 

New Jersey Avenue SE., Washington, 

DC 20590, between 9 a.m. and 5 p.m., 

Monday through Friday, except Federal 

holidays. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions on this temporary 

deviation, call or email Mr. Steven M. 

Fischer, Thirteenth District Bridge 

Administrator, Coast Guard; telephone 

206–220–7282, email: 

Steven.M.Fischer3@uscg.mil. If you 

have questions on viewing the docket, 

call Cheryl Collins, Program Manager, 

Docket Operations, telephone 202–366– 

9826. 

SUPPLEMENTARY INFORMATION: The South 

Park Highway double bascule span 

drawbridge replacement project has 

progressed to the point where both 

bascule spans have been installed. King 

County Road Services Division 

requested a deviation to the drawbridge 

operation schedule to enable timely 

completion of the bridge construction 

project. The South Park Highway 

Double Bascule Bridge is located at 

Duwamish Waterway, mile 3.8, in the 

city of Seattle, Washington, and 

provides 34.8 feet of vertical clearance 

above at center span while in the closed 

position and 30 feet of vertical clearance 

at the extreme east and west ends of the 

navigable channel and unlimited 

vertical clearance with the bascule 

bridge in the fully open position. 

Vertical clearances are referenced to 

mean high-water elevation (MHW). 

Horizontal clearance is 128 feet. 

However, horizontal clearance may be 

restricted by construction barges. As 

such, mariners are advised to consult 

the Local Notice to Mariners for current 

conditions. 


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