Federal Register / Vol. 81, No. 157 / Monday, August 15, 2016 / Rules and Regulations 53921 

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. 

archaeological or ethnological material 

that are subject to import restrictions. 

R. Gil Kerlikowske, 

Commissioner, U.S. Customs and Border 

Protection. 

Approved: August 11, 2016. 

Timothy E. Skud, 

Deputy Assistant Secretary of the Treasury. 

[FR Doc. 2016–19491 Filed 8–11–16; 4:15 pm] 

BILLING CODE 9111–14–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 2016. 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, 2016. 

FOR FURTHER INFORMATION CONTACT: 

Deborah C. Murphy 

(Murphy.Deborah@pbgc.gov), Assistant 

General Counsel for Regulatory Affairs, 

Pension Benefit Guaranty Corporation, 

1200 K Street NW., Washington, DC 

20005, 202–326–4400 ext. 3451. (TTY/ 

TDD users may call the Federal relay 

service toll-free at 1–800–877–8339 and 

ask to be connected to 202–326–4400 

ext. 3451.) 

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 2016.1

The September 2016 interest 

assumptions under the benefit payments 

regulation will be 0.50 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 August 2016, 

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 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 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 

275, 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

*******

275 9–1–16 10–1–16 0.50 4.00 4.00 4.00 7 8 

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

275, as set forth below, is added to the 

table. 

Appendix C to Part 4022—Lump Sum 

Interest Rates for Private-Sector 

Payments 

* * * * * 


sradovich on DSK3GMQ082PROD with RULES
53922 Federal Register / Vol. 81, No. 157 / Monday, August 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

*******

275 9–1–16 10–1–16 0.50 4.00 4.00 4.00 7 8 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2016–19295 Filed 8–12–16; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF DEFENSE 

Office of the Secretary 

32 CFR Part 237a 

[Docket ID: DOD–2016–OS–0084] 

RIN 0790–AI94 

Public Affairs Liaison With Industry 

AGENCY: Assistant to the Secretary of 

Defense for Public Affairs, DoD. 

ACTION: Final rule. 

SUMMARY: This final rule removes 

regulations concerning Public Affairs 

liaison with industry. These Code of 

Federal Regulations (CFR) provisions 

are outdated and no longer accurate or 

applicable as written. The guidance, as 

revised, sets forth internal standards for 

how DoD employees should reach out 

and engage with industry. With respect 

to the visual information portion, it is 

essentially a collection and discussion 

of currently applicable intellectual 

property law that does not create any 

new public duties or obligations. 

Therefore, these regulations are 

removed from the CFR. 

DATES: This rule is effective on August 

15, 2016. 

FOR FURTHER INFORMATION CONTACT: 

Patricia Toppings at 571–372–0485. 

SUPPLEMENTARY INFORMATION: This rule 

will be reported in future status updates 

as part of DoD’s retrospective plan 

under Executive Order 13563 completed 

in August 2011. DoD’s full plan can be 

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

#!docketDetail;D=DOD-2011-OS-0036. 

It has been determined that 

publication of this CFR part removal for 

public comment is impracticable, 

unnecessary, and contrary to public 

interest since it is based on removing 

DoD internal policies and procedures 

that are publically available on the 

Department’s issuance Web site. Once 

signed, a copy of DoD’s internal 

guidance contained in DoD Instruction 

5410.20 will be made available at http:// 

www.dtic.mil/whs/directives/corres/pdf/

541020p.pdf. 

List of Subjects in 32 CFR Part 237a 

Armed forces; Business and industry. 

PART 237a—[REMOVED] 

Accordingly, by the authority of 5 

U.S.C. 301, 32 CFR part 237a is 

removed. 

Dated: August 9, 2016. 

Aaron Siegel, 

Alternate OSD Federal Register Liaison 

Officer, Department of Defense. 

[FR Doc. 2016–19345 Filed 8–12–16; 8:45 am] 

BILLING CODE 5001–06–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket Number USCG–2016–0644] 

RIN 1625–AA00 

Safety Zone; Apra Outer Harbor, Naval 

Base Guam 

AGENCY: Coast Guard, DHS. 

ACTION: Temporary final rule. 

SUMMARY: The Coast Guard is 

establishing a temporary safety zone for 

navigable waters of Apra Harbor, Guam 

in the vicinity of San Luis Beach, 

Sumay Cove and Commadores Cut. The 

safety zone is needed to protect 

personnel, vessels, and the marine 

environment from vessel operations in 

the area. Entry of vessels or persons into 

this zone is prohibited unless 

specifically authorized by the Captain of 

the Port Guam. 

DATES: This rule is effective without 

actual notice from August 15, 2016 

through 7 p.m. August 31, 2016. For the 

purposes of enforcement, actual notice 

will be used from 7 a.m. July 31, 2016 

through August 15, 2016. 

ADDRESSES: To view documents 

mentioned in this preamble as being 

available in the docket, go to http://

www.regulations.gov, type USCG–2016– 

0644 in the ‘‘SEARCH’’ box and click 

‘‘SEARCH.’’ Click on Open Docket 

Folder on the line associated with this 

rule. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions on this rule, call or 

email Chief Kristina Gauthier, 

Waterways Management, U.S. Coast 

Guard; telephone 671–355–4866, email 

Kristina.M.Gauthier@uscg.mil. 

SUPPLEMENTARY INFORMATION: 

I. Table of Abbreviations 

CFR Code of Federal Regulations 

COTP Captain of the Port 

DHS Department of Homeland Security 

FR Federal Register 

NPRM Notice of proposed rulemaking 

§ Section 

U.S.C. United States Code 

II. Background Information and 

Regulatory History 

The Coast Guard is issuing this 

temporary rule without prior notice and 

opportunity to comment pursuant to 

authority under section 4(a) of the 

Administrative Procedure Act (APA) (5 

U.S.C. 553(b)). This provision 

authorizes an agency to issue a rule 

without prior notice and opportunity to 

comment when the agency for good 

cause finds that those procedures are 

‘‘impracticable, unnecessary, or contrary 

to the public interest.’’ Under 5 U.S.C. 

553(b)(B), the Coast Guard finds that 

good cause exists for not publishing a 

notice of proposed rulemaking (NPRM) 

with respect to this rule because doing 

so would be impracticable. The final 

details for this operation were not 

known to the Coast Guard until there 

was insufficient time remaining before 

the event to publish an NPRM. Thus, 

delaying the effective date of this rule to 

wait for a comment period to run would 

be impracticable because it would 

inhibit the Coast Guard’s ability to 

protect vessels and waterway users from 

the hazards associated with the 

operation. 

We are issuing this rule, and under 5 

U.S.C. 553(d)(3), the Coast Guard finds 

that good cause exists for making it 

effective less than 30 days after 

publication in the Federal Register. For 

the same reasons discussed in the 

preceding paragraph, waiting for a 30 

day notice period to run would be 

impracticable. 


sradovich on DSK3GMQ082PROD with RULES