Federal Register / Vol. 77, No. 47 / Friday, March 9, 2012 / Rules and Regulations 14275 

ACTION: Correcting amendments. 

SUMMARY: The Pension Benefit Guaranty 

Corporation published a final rule 

document in the Federal Register on 

September 15, 2011 (at 76 FR 56973), 

amending its regulations on Benefits 

Payable in Terminated Single-Employer 

Plans and Allocation of Assets in 

Single-Employer Plans to prescribe 

interest assumptions under those 

regulations. This document corrects an 

inadvertent error in that final rule 

relating to the prescribed interest 

assumption under the allocation 

regulation, applicable to plans with 

valuation dates during the fourth 

quarter of 2011. 

DATES: Effective March 9, 2012. 

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 toll 

free at 1–800–877–8339 and ask to be 

connected to 202–326–4024.) 

SUPPLEMENTARY INFORMATION: The 

Pension Benefit Guaranty Corporation 

published a final rule document in the 

Federal Register of September 15, 2011 

(at 76 FR 56973), amending its 

regulations on Benefits Payable in 

Terminated Single-Employer Plans and 

Allocation of Assets in Single-Employer 

Plans to prescribe interest assumptions 

under those regulations. The rule 

inadvertently misstated the prescribed 

interest assumptions under the 

allocation regulation, applicable to 

plans with valuation dates during the 

fourth quarter of 2011. The errors 

appeared both in the preamble and in 

the amendatory instructions. 

In the preamble, the first full 

paragraph in the second column on p. 

56974 should have read as follows: 

The fourth quarter 2011 interest 

assumptions under the allocation regulation 

will be 4.09 percent for the first 20 years 

following the valuation date and 4.30 percent 

thereafter. In comparison with the interest 

assumptions in effect for the third quarter of 

2011, these interest assumptions represent no 

change in the select period (the period during 

which the select rate (the initial rate) 

applies), a decrease of 0.13 percent in the 

select rate, and a decrease of 0.04 percent in 

the ultimate rate (the final rate). 

List of Subjects in 29 CFR Part 4044 

Employee benefit plans, Pension 

insurance, Pensions. 

In consideration of the foregoing, 

29 CFR part 4044 is corrected by making 

the following correcting amendment: 

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 to part 4044, the 

entry for October–December 2011 is 

corrected to read as follows: 

Appendix B to Part 4044—Interest 

Rates Used To Value Benefits 

* * * * * 

For valuation dates occurring in the months— 

The values of it are: 

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

*******

October–December 2011 ................................................. 0.0409 1–20 0.0430 >20 N/A N/A 

*******

Issued in Washington, DC, on this 6th day 

of March 2012. 

Laricke Blanchard, 

Deputy Director for Policy, Pension Benefit 

Guaranty Corporation. 

[FR Doc. 2012–5786 Filed 3–8–12; 8:45 am] 

BILLING CODE 7709–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

29 CFR Part 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: Correcting amendments. 

SUMMARY: The Pension Benefit Guaranty 

Corporation published a final rule 

document in the Federal Register on 

June 15, 2011 (at 76 FR 34847), 

amending its regulations on Benefits 

Payable in Terminated Single-Employer 

Plans and Allocation of Assets in 

Single-Employer Plans to prescribe 

interest assumptions under those 

regulations. This document corrects an 

inadvertent error in that final rule 

relating to the prescribed interest 

assumption under the allocation 

regulation, applicable to plans with 

valuation dates during the third quarter 

of 2011. 

DATES: Effective March 9, 2012. 

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 toll 

free at 1–800–877–8339 and ask to be 

connected to 202–326–4024.) 

SUPPLEMENTARY INFORMATION: The 

Pension Benefit Guaranty Corporation 

published a final rule document in the 

Federal Register of June 15, 2011 (at 76 

FR 34847), amending its regulations on 

Benefits Payable in Terminated SingleEmployer Plans and Allocation of 

Assets in Single-Employer Plans to 

prescribe interest assumptions under 

those regulations. The rule 

inadvertently misstated the prescribed 

interest assumptions under the 

allocation regulation, applicable to 

plans with valuation dates during the 

third quarter of 2011. The errors 

appeared both in the preamble and in 

the amendatory instructions. 

In the preamble, the third full 

paragraph in the second column on p. 

34847 should have read as follows: 

The third quarter 2011 interest 

assumptions under the allocation regulation 

will be 4.22 percent for the first 20 years 

following the valuation date and 4.34 percent 

thereafter. In comparison with the interest 

assumptions in effect for the second quarter 

of 2011, these interest assumptions represent 

no change in the select period (the period 

during which the select rate (the initial rate) 

applies), an increase of 0.26 percent in the 

select rate, and an increase of 0.02 percent in 

the ultimate rate (the final rate). 

List of Subjects in 29 CFR Part 4044 

Employee benefit plans, Pension 

insurance, Pensions. 


erowe on DSK2VPTVN1PROD with RULES
14276 Federal Register / Vol. 77, No. 47 / Friday, March 9, 2012 / Rules and Regulations 

In consideration of the foregoing, 

29 CFR part 4044 is corrected by making 

the following correcting amendment: 

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 to part 4044, the 

entry for July–September 2011 is 

corrected to read as follows: 

Appendix B to Part 4044—Interest 

Rates Used To Value Benefits 

* * * * * 

For valuation dates occurring in the months— 

The values of it are: 

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

*******

July–September 2011 ....................................................... 0.0422 1–20 0.0434 >20 N/A N/A 

*******

Issued in Washington, DC, on this 6th day 

of March 2012. 

Laricke Blanchard, 

Deputy Director for Policy, Pension Benefit 

Guaranty Corporation. 

[FR Doc. 2012–5788 Filed 3–8–12; 8:45 am] 

BILLING CODE 7709–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket No. USCG–2012–0084] 

RIN 1625–AA11 

Regulated Navigation Area; Little Bay 

Bridge Construction, Little Bay, 

Portsmouth, NH 

AGENCY: Coast Guard, DHS. 

ACTION: Temporary interim rule with 

request for comments. 

SUMMARY: The Coast Guard is 

establishing a regulated navigation area 

(RNA) on the navigable waters of Little 

Bay in the Piscataqua River under and 

surrounding the Little Bay and General 

Sullivan Bridges in order to facilitate 

construction of the Little Bay Bridge 

between Newington, NH and Dover, NH. 

This temporary interim rule is necessary 

to provide for the safety of life on the 

navigable waters during bridge 

construction operations that could pose 

an imminent hazard to vessels operating 

in the area. This rule implements 

certain safety measures, including speed 

restrictions and the temporary 

suspension of vessel traffic during 

construction operations. 

DATES: This rule is effective in the CFR 

from March 9, 2012 through July 31, 

2013, and effective with actual notice 

for purposes of enforcement from 

February 28, 2012, through July 31, 

2013. Public comments will be accepted 

and reviewed by the Coast Guard 

through July 31, 2013. 

ADDRESSES: You may submit comments 

identified by docket number USCG– 

2012–0084 using any one of the 

following methods: 

(1) Federal e-Rulemaking Portal: 

http://www.regulations.gov. 

(2) Fax: 202–493–2251. 

(3) Mail: Docket Management Facility 

(M–30), U.S. Department of 

Transportation, West Building Ground 

Floor, Room W12–140, 1200 New Jersey 

Avenue SE., Washington, DC 20590– 

0001. 

(4) Hand delivery: Same as mail 

address above, between 9 a.m. and 

5 p.m., Monday through Friday, except 

Federal holidays. The telephone number 

is 202–366–9329. 

To avoid duplication, please use only 

one of these four methods. See the 

‘‘Public Participation and Request for 

Comments’’ portion of the 

SUPPLEMENTARY INFORMATION section 

below for instructions on submitting 

comments. 

Documents indicated in this preamble 

as being available in the docket are part 

of docket USCG–2012–0084 and are 

available online by going to http:// 

www.regulations.gov, inserting USCG– 

2012–0084 in the ‘‘Keyword’’ box, and 

then clicking ‘‘Search.’’ They are also 

available for inspection or copying at 

the Docket Management Facility (M–30), 

U.S. Department of Transportation, 

West Building Ground Floor, Room 

W12–140, 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 

rule, call or email Ensign Elizabeth V. 

Morris of the Waterways Management 

Division, U.S. Coast Guard Sector 

Northern New England, telephone 207– 

741–5440, email 

Elizabeth.V.Morris@uscg.mil; or 

Lieutenant Junior Grade Isaac Slavitt of 

the Waterways Management Branch, 

U.S. Coast Guard First District, 

telephone 617–223–8385, email 

Isaac.M.Slavitt@uscg.mil. If you have 

questions on viewing the docket, call 

Renee V. Wright, Program Manager, 

Docket Operations, telephone 202–366– 

9826. 

SUPPLEMENTARY INFORMATION: 

Public Participation and Request for 

Comments 

We encourage you to participate in 

this rulemaking by submitting 

comments and related materials. All 

comments received will be posted, 

without change, to http:// 

www.regulations.gov and will include 

any personal information you have 

provided. 

As this interim rule will be in effect 

before the end of the comment period, 

the Coast Guard will evaluate and revise 

this rule as necessary to address 

significant public comments. 

Submitting Comments 

If you submit a comment, please 

include the docket number for this 

rulemaking (USCG–2012–0084), 

indicate the specific section of this 

document to which each comment 

applies, and provide a reason for each 

suggestion or recommendation. You 

may submit your comments and 

material online (via http:// 

www.regulations.gov) or by fax, mail, or 

hand delivery, but please use only one 

of these means. If you submit a 

comment online via 

www.regulations.gov, it will be 

considered received by the Coast Guard 

when you successfully transmit the 

comment. If you fax, hand deliver, or 

mail your comment, it will be 

considered as having been received by 


erowe on DSK2VPTVN1PROD with RULES