Federal Register / Vol. 76, No. 157 / Monday, August 15, 2011 / Rules and Regulations 50413 

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. 

Dated: August 4, 2011. 

Kevin J. Wolf 

Assistant Secretary for Export 

Administration. 

[FR Doc. 2011–20602 Filed 8–12–11; 8:45 am] 

BILLING CODE 3510–33–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 

September 2011. The interest 

assumptions are used for paying 

benefits under terminating singleemployer plans covered by the pension 

insurance system administered by 

PBGC. 

DATES: Effective September 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 September 2011.1

The September 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 August 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 September 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. 

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

215, 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

*******

215 ................................................................ 9–1–11 10–1–11 2.25 4.00 4.00 4.00 7 8 

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

215, as set forth below, is added to the 

table. 

Appendix C to Part 4022—Lump Sum 

Interest Rates for Private-Sector 

Payments 

* * * * * 


srobinson on DSK4SPTVN1PROD with RULES
50414 Federal Register / Vol. 76, No. 157 / Monday, August 15, 2011 / 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

*******

215 ................................................................ 9–1–11 10–1–11 2.25 4.00 4.00 4.00 7 8 

Issued in Washington, DC, on this 10th day 

of August 2011. 

Laricke Blanchard, 

Deputy Director for Policy, Pension Benefit 

Guaranty Corporation. 

[FR Doc. 2011–20649 Filed 8–12–11; 8:45 am] 

BILLING CODE 7709–01–P 

POSTAL SERVICE 

39 CFR Part 20 

International Mail Manual; 

Incorporation by Reference 

AGENCY: Postal ServiceTM. 

ACTION: Final rule. 

SUMMARY: The Postal Service announces 

the issuance of the Mailing Standards of 

the United States Postal Service, 

International Mail Manual (IMM®) 

dated April 17, 2011, updated with 

Postal Bulletin revisions through June 2, 

2011, effective June 6, 2011, and its 

incorporation by reference in the Code 

of Federal Regulations. 

DATES: Effective Date: This final rule is 

effective on August 15, 2011. The 

incorporation by reference of the IMM is 

approved by the Director of the Federal 

Register as of August 15, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Lizbeth Dobbins, (202) 268–3789. 

SUPPLEMENTARY INFORMATION: The 

International Mail Manual was issued 

on April 17, 2011, and was updated 

with postal bulletin revisions through 

June 2, 2011. It replaced all previous 

editions. This issue of the IMM removes 

the issue number, replacing it with the 

issue date to mirror the format used for 

the Domestic Mail Manual (DMM®). It 

also continues to enable the Postal 

Service to fulfill its long-standing 

mission of providing affordable, 

universal mail service. It continues to: 

(1) increase the user’s ability to find 

information; (2) increase the users’ 

confidence that they have found the 

information they need; and (3) reduce 

the need to consult multiple sources to 

locate necessary information. The 

provisions throughout this issue support 

the standards and mail preparation 

changes implemented since the version 

of May 11, 2009. The International Mail 

Manual is available to the public on the 

Postal Explorer® Internet site at http:// 

pe.usps.com. 

List of Subjects in 39 CFR Part 20 

Foreign relations; Incorporation by 

reference. 

In view of the considerations 

discussed above, the Postal Service 

hereby amends 39 CFR part 20 as 

follows: 

PART 20—INTERNATIONAL POSTAL 

SERVICE 

■ 1. The authority citation for part 20 

continues to read as follows: 

Authority: 5 U.S.C. 552(a); 13 U.S.C. 301– 

307; 18 U.S.C. 1692–1737; 39 U.S.C. 101, 

401, 403, 404, 407, 414, 416, 3001–3011, 

3201–3219, 3403–3406, 3621, 3622, 3626, 

3632, 3633, and 5001. 

■ 2. Amend § 20.1 by revising paragraph 

(a), and adding a new entry at the end 

of the table in paragraph (b), to read as 

follows: 

§ 20.1 International Mail Manual; 

incorporation by reference. 

(a) Section 552(a) of title 5, U.S.C., 

relating to the public information 

requirements of the Administrative 

Procedure Act, provides in pertinent 

part that matter reasonably available to 

the class of persons affected thereby is 

deemed published in the Federal 

Register when incorporated by reference 

therein with the approval of the Director 

of the Federal Register. In conformity 

with that provision and 39 U.S.C. 

410(b)(1), and as provided in this part, 

the Postal Service hereby incorporates 

by reference its International Mail 

Manual (IMM), dated April 17, 2011, 

updated with Postal Bulletin revisions 

through June 2, 2011, effective June 6, 

2011. The Director of the Federal 

Register approves this incorporation by 

reference in accordance with 5 U.S.C. 

552(a) and 1 CFR Part 51. 

(b) * * * 

International Mail Manual Date of 

issuance 

* * * * * 

IMM .................................... April 17, 2011. 

■ 3. Revise § 20.2 to read as follows: 

§ 20.2 Effective date of the International 

Mail Manual. 

The provisions of the International 

Mail Manual dated April 17, 2011, 

updated with Postal Bulletin revisions 

through June 2, 2011, effective June 6, 

2011, are applicable with respect to the 

international mail services of the Postal 

Service. 

Stanley F. Mires, 

Chief Counsel, Legislative. 

[FR Doc. 2011–20618 Filed 8–12–11; 8:45 am] 

BILLING CODE 7710–12–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 300 

[EPA–HQ–SFUND–1983–0002; FRL–9451–7] 

National Oil and Hazardous 

Substances Pollution Contingency 

Plan; National Priorities List: Deletion 

of the Sayreville Landfill Superfund 

Site 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Direct final rule. 

SUMMARY: EPA, Region 2, is publishing 

a direct final Notice of Deletion of the 

Sayreville Landfill Superfund Site 

(Site), located in the Borough of 

Sayreville, Middlesex County, New 

Jersey, from the National Priorities List 

(NPL). The NPL, promulgated pursuant 

to section 105 of the Comprehensive 

Environmental Response, 

Compensation, and Liability Act 

(CERCLA) of 1980, as amended, is an 

appendix of the National Oil and 

Hazardous Substances Pollution 

Contingency Plan (NCP). This direct 

final Notice of Deletion is being 

published by EPA with the concurrence 

of the State of New Jersey, through the 

Department of Environmental Protection 

(NJDEP). EPA and NJDEP have 

determined that all appropriate 

remedial actions under CERCLA, other 

than operation, maintenance and fiveyear reviews, have been completed. 

However, this deletion does not 

preclude future actions under 

Superfund. 


srobinson on DSK4SPTVN1PROD with RULES