Federal Register / Vol. 64, No. 72 /Thursday, April 15, 1999 /Rules and Regulations 18575

Nicarbazin in

grams per ton

Combination in grams per

ton Indications for use Limitations Sponsor

* * * * * * *

Narasin 27 to 45, bacitracin

methylene disalicylate 50,

and roxarsone 22.7 to

45.4.

Broiler chickens; prevention of coccidiosis caused by Eimeria

tenella, E. necatrix, E. acervulina,

E. maxima, E. brunetti, and E.

mivati, as an aid in the prevention

of necrotic enteritis caused or

complicated by Clostridium spp.

or other organisms susceptible to

bacitracin, for increased rate of

weight gain, improved feed efficiency, and improved pigmentation.

Feed continuously as sole ration.

Withdraw 5 days before slaughter. Do not allow turkeys, horses

or other equines access to formulations containing narasin. Ingestion of narasin by these species

has been fatal. Do not feed to

laying hens. Use as sole source

of organic arsenic. Narasin and

nicarbazin as provided by

000986, bacitracin methylene disalicylate and roxarsone by

046573.

046573

* * * * * * *

5. Section 558.530 is amended by

adding paragraph (d)(5)(xxv) to read as

follows:

§ 558.530 Roxarsone.

* * * * *

(d) * * *

(5) * * *

(xxv) Bacitracin methylene

disalicylate, narasin, and nicarbazin as

in § 558.366.

Dated: April 1, 1999.

George A. Mitchell,

Acting Director, Center for Veterinary

Medicine.

[FR Doc. 99–9454 Filed 4–15–99; 8:45 am]

BILLING CODE 4160–01–F

PENSION BENEFIT GUARANTY

CORPORATION

29 CFR Part 4044

Allocation of Assets in SingleEmployer Plans; Interest Assumptions

for Valuing Benefits

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Final rule.

SUMMARY: The Pension Benefit Guaranty

Corporation’s regulation on Allocation

of Assets in Single-Employer Plans

prescribes interest assumptions for

valuing benefits under terminating

single-employer plans. This final rule

amends the regulation to adopt interest

assumptions for plans with valuation

dates in May 1999.

EFFECTIVE DATE: May 1, 1999.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General

Counsel, Office of the General Counsel,

Pension Benefit Guaranty Corporation,

1200 K Street, NW., Washington, DC

20005, 202–326–4024. (For TTY/TDD

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

connected to 202–326–4024.)

SUPPLEMENTARY INFORMATION: The

PBGC’s regulation on Allocation of

Assets in Single-Employer Plans (29

CFR part 4044) prescribes actuarial

assumptions for valuing plan benefits of

terminating single-employer plans

covered by title IV of the Employee

Retirement Income Security Act of 1974.

Among the actuarial assumptions

prescribed in part 4044 are interest

assumptions. These interest

assumptions are intended to reflect

current conditions in the financial and

annuity markets.

Two sets of interest assumptions are

prescribed, one set for the valuation of

benefits to be paid as annuities and one

set for the valuation of benefits to be

paid as lump sums. This amendment

adds to appendix B to part 4044 the

annuity and lump sum interest

assumptions for valuing benefits in

plans with valuation dates during May

1999.

For annuity benefits, the interest

assumptions will be 5.70 percent for the

first 20 years following the valuation

date and 5.25 percent thereafter. The

annuity interest assumptions represent

an increase (from those in effect for

April 1999) of 0.10 percent for the first

20 years following the valuation date

and are otherwise unchanged. For

benefits to be paid as lump sums, the

interest assumptions to be used by the

PBGC will be 4.25 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. The lump sum interest

assumptions are unchanged from those

in effect for April 1999.

The 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, as

accurately as possible, current market

conditions.

Because of the need to provide

immediate guidance for the valuation of

benefits in plans with valuation dates

during May 1999, the PBGC finds that

good cause exists for making the

assumptions set forth in this

amendment effective less than 30 days

after publication.

The 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 4044

Pension insurance, Pensions.

In consideration of the foregoing, 29

CFR part 4044 is amended as follows:

PART 4044—ALLOCATION OF

ASSETS IN SINGLE-EMPLOYER

PLANS

1. The authority citation for part 4044

continues to read as follows:

Authority: 29 U.S.C. 1301(a), 1302(b)(3),

1341, 1344, 1362.

2. In appendix B, a new entry is

added to Table I, and Rate Set 67 is

added to Table II, as set forth below.

The introductory text of each table is

republished for the convenience of the

reader and remains unchanged.

Appendix B to Part 4044—Interest Rates

Used to Value Annuities and Lump Sums
18576 Federal Register / Vol. 64, No. 72 /Thursday, April 15, 1999 /Rules and Regulations

TABLE I.—ANNUITY VALUATIONS

[This table sets forth, for each indicated calendar month, the interest rates (denoted by i1, i2, * * *, and referred to generally as it) assumed to be

in effect between specified anniversaries of a valuation date that occurs within that calendar month; those anniversaries are specified in the

columns adjacent to the rates. The last listed rate is assumed to be in effect after the last listed anniversary date.]

For valuation dates occurring in the month—

The values of it are:

it for t = it for t = it for t =

* * * * * * *

May 1999 .............................................................................. .0570 1–20 .0525 >20 N/A N/A

TABLE II.—LUMP SUM VALUATIONS

[In using this table: (1) For benefits for which the participant or beneficiary is entitled to be in pay status on the valuation date, the immediate annuity rate shall apply; (2) For benefits for which the deferral period is y years (where y is an integer and 0 ≤ y TM n1), interest rate i1 shall

apply from the valuation date for a period of y years, and thereafter the immediate annuity rate shall apply; (3) For benefits for which the deferral period is y years (where y is an integer and n1 ≤ y TM n1 + n2), interest rate i2 shall apply from the valuation date for a period of y¥n1

years, interest rate i1 shall apply for the following n1 years, and thereafter the immediate annuity rate shall apply; (4) For benefits for which

the deferral period is y years (where y is an integer and y > n1 + n2), interest rate i3 shall apply from the valuation date for a period of

y¥n1¥n2 years, interest rate i2 shall apply for the following n2 years, interest rate i1 shall apply for the following n1 years, and thereafter the

immediate annuity rate shall apply.]

Rate set

For plans with a valuation

date Immediate

annuity rate

(percent)

Deferred annuities

(percent)

On or after Before i1 i2 i3 n1 n2

* * * * * * *

67 05–1–99 06–1–99 4.25 4.00 4.00 4.00 7 8

Issued in Washington, DC, on this 9th day

of April 1999.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 99–9375 Filed 4–14–99; 8:45 am]

BILLING CODE 7708–01–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD01–99–027]

Drawbridge Operation Regulations:

Connecticut River, CT

AGENCY: Coast Guard, DOT.

ACTION: Notice of temporary deviation

from regulations.

SUMMARY: The District Commander,

First Coast Guard District has issued a

temporary deviation from the

Drawbridge Operation Regulations

governing the operation of the Route 82

Swing Bridge, mile 16.8, across the

Connecticut River between East

Haddam and Haddam, Connecticut.

This deviation from the regulations

authorizes the bridge owner, the

Connecticut Department of

Transportation (CONNDOT), to open the

swing span, on signal, Monday through

Friday at 6:30 a.m., 1;30 p.m. and 8

p.m., and Saturday through Sunday at

9:30 a.m., 1:30 p.m., 4 p.m. and 8 p.m.

Commercial vessels are not restricted to

the above operating schedule. They may

transit through the bridge at all times if

at least a two-hour advance notice is

given to the bridge tender by telephone

at (860) 873–8106. This action is

necessary to replace the bridge center

bearing and wearing surface. Vessels

that can pass under the bridge without

a bridge opening may do so at any time.

DATES: This deviation is effective from

April 2, 1999, through May 31, 1999.

FOR FURTHER INFORMATION CONTACT: Mr.

Joseph Schmied, Bridge Management

Specialist, at (212) 668–7195.

SUPPLEMENTARY INFORMATION:

The Route 82 Swing Bridge, mile 16.8,

across the Connecticut River has a

vertical clearance of 22 feet at mean

high water (MHW) and 25 feet at mean

low water (MLW) in the closed position.

The CONNDOT requested a

temporary deviation from the operating

regulations listed at 33 CFR 117.205 for

the Route 82 Swing Bridge in order to

conduct necessary repairs to the bridge.

This work is essential for public safety.

The existing bridge center bearing and

roadway wearing surface must be

replaced as soon as possible to insure

continued operation of the bridge.

Commercial vessels may transit

through the bridge at all times if at least

a two-hour advance notice is given to

the tender by telephone at (860) 873–

8106. Vessels that can pass under the

bridge without an opening may do so at

any time.

This deviation from the normal

operating regulations is authorized

under 33 CFR 117.35.

Dated: March 30, 1999.

R. M. Larrabee,

Rear Admiral, U.S. Coast Guard Commander,

First Coast Guard District.

[FR Doc. 99–9432 Filed 4–14–99; 8:45 am]

BILLING CODE 4910–14–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 155

46 CFR Part 32

[USCG–1998–4443]

Emergency Control Measures for Tank

Barges

AGENCY: Coast Guard, DOT.

ACTION: Notice of meeting; reopening of

comment period.

SUMMARY: The Coast Guard will hold a

public meeting to discuss the interim

rule on Emergency Control Measures for

Tank Barges. The Coast Guard

encourages interested parties to attend

the meeting and submit comments for

discussion during the meeting. In

addition, the Coast Guard seeks written

comments for any party who is unable