41436 Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Rules and Regulations 

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: July 8, 2015. 

Brent J. Fields, 

Secretary. 

[FR Doc. 2015–17179 Filed 7–14–15; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Food and Drug Administration 

21 CFR Part 161 

[Docket No. FDA–2015–N–0011] 

Canned Pacific Salmon; Technical 

Amendment 

AGENCY: Food and Drug Administration, 

HHS. 

ACTION: Final rule; technical 

amendment. 

SUMMARY: The Food and Drug 

Administration (FDA or we) is 

amending a regulation pertaining to 

canned Pacific salmon. The amendment 

removes a paragraph that contains an 

obsolete cross-reference. 

DATES: This rule is effective July 15, 

2015. 

FOR FURTHER INFORMATION CONTACT: 

Loretta Carey, Center for Food Safety 

and Applied Nutrition (HFS–820), Food 

and Drug Administration, 5100 Paint 

Branch Pkwy., College Park, MD 20740– 

3835, 240–402–2371. 

SUPPLEMENTARY INFORMATION: Our 

regulations at 21 CFR part 161 (‘‘Fish 

and Shellfish’’) establish requirements 

for specific standardized fish and 

shellfish. One provision, at § 161.170, 

pertains to canned Pacific salmon, and 

§ 161.170(a)(5)(ii)(b) states that when 

the form of the pack and the words 

describing the pack are declared on the 

label, the label must ‘‘bear the 

statements required by § 105.69 of this 

chapter.’’ (The regulation, at 

§ 161.170(a)(3), describes various ‘‘forms 

of pack;’’ one form of pack, for example, 

is named ‘‘regular’’ and is described as 

where the sections or steaks are cut 

transversely from the fish and filled 

vertically into the can.) 

Section 105.69 was entitled ‘‘Foods 

used to regulate sodium intake.’’ In the 

Federal Register of June 3, 1996 (61 FR 

27771), we revoked § 105.69 as part of 

a ‘‘Reinventing Government’’ initiative, 

and the revocation became effective on 

July 3, 1996 (see 61 FR 43963; August 

27, 1996) (confirming the effective date 

for the revocation of various food 

regulations)). However, the revocation 

inadvertently omitted a corresponding 

change to § 161.170(a)(5)(ii)(b). 

Consequently, through this document, 

we are amending § 161.170 by removing 

paragraph (a)(5)(ii)(b) entirely and 

redesignating paragraph (a)(5)(ii)(a) as 

paragraph (a)(5)(ii). 

Publication of this document 

constitutes final action of these changes 

under the Administrative Procedure Act 

(5 U.S.C. 553). These amendments 

eliminate an obsolete reference to a rule 

that we revoked in 1996. FDA, therefore, 

for good cause, finds under 5 U.S.C. 

553(b)(3)(B) and (d)(3) that notice and 

public comment are unnecessary. 

FDA has determined, under 21 CFR 

25.30(i), that this final rule is of a type 

that does not individually or 

cumulatively have a significant effect on 

the human environment. Therefore, 

neither an environmental assessment 

nor an environmental impact statement 

is required. 

In addition, FDA has determined that 

this final rule contains no new 

collections of information. Therefore, 

clearance by the Office of Management 

and Budget under the Paperwork 

Reduction Act of 1995 is not required. 

List of Subjects in 21 CFR Part 161 

Food grades and standards, Frozen 

foods, Seafood. 

Therefore, under the Federal Food, 

Drug, and Cosmetic Act and under 

authority delegated to the Commissioner 

of Food and Drugs, 21 CFR part 161 is 

amended as follows: 

PART 161—FISH AND SHELLFISH 

■ 1. The authority citation for 21 CFR 

part 161 continues to read as follows: 

Authority: 21 U.S.C. 321, 341, 343, 348, 

371, 379e. 

§ 161.170 [Amended] 

■ 2. Amend § 161.170 by removing 

paragraph (a)(5)(ii)(b) and redesignating 

paragraph (a)(5)(ii)(a) as paragraph 

(a)(5)(ii). 

Dated: July 9, 2015. 

Leslie Kux, 

Associate Commissioner for Policy. 

[FR Doc. 2015–17249 Filed 7–14–15; 8:45 am] 

BILLING CODE 4164–01–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 

August 2015. The interest assumptions 

are used for paying benefits under 

terminating single-employer plans 

covered by the pension insurance 

system administered by PBGC. 

DATES: Effective August 1, 2015. 

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 August 2015.1

The August 2015 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 

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Federal Register / Vol. 80, No. 135 / Wednesday, July 15, 2015 / Rules and Regulations 41437 

status. In comparison with the interest 

assumptions in effect for July 2015, 

these interest assumptions represent an 

increase of 0.25 percent in the 

immediate annuity rate and are 

otherwise 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 August 2015, 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 

262, 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

*******

262 8–1–15 9–1–15 1.50 4.00 4.00 4.00 7 8 

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

262, 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

*******

262 8–1–15 9–1–15 1.50 4.00 4.00 4.00 7 8 

Issued in Washington, DC, on this 7th day 

of July 2015. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2015–17376 Filed 7–14–15; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF TRANSPORTATION 

Surface Transportation Board 

49 CFR Part 1002 

[Docket No. EP 542 (Sub-No. 23)] 

Regulations Governing Fees for 

Services Performed in Connection 

With Licensing and Related Services— 

2015 Update 

AGENCY: Surface Transportation Board. 

ACTION: Final rules. 

SUMMARY: The Board updates for 2015 

the fees that the public must pay to file 

certain cases and pleadings with the 

Board. The update will increase 11 fees 

by $50 or less, increase 34 fees by $100, 

increase 22 fees by more than $100, and 

keep the remaining 58 fees at their 

existing level. 

DATES: These rules are effective August 

14, 2015. 

FOR FURTHER INFORMATION CONTACT: 

David T. Groves, (202) 245–0327, or 

Andrea Pope-Matheson (202) 245–0363. 

[TDD for the hearing impaired: 1–800– 

877–8339.] 

SUPPLEMENTARY INFORMATION: The 

Board’s regulations at 49 CFR 1002.3 

provide for an annual update of the 

Board’s entire user-fee schedule. Fees 

are generally revised based on the cost 

study formula set forth at 49 CFR 

1002.3(d). As compared with the 2014 

fee update, the 2015 fee changes 

adopted here reflect a combination of a 

1% across-the-board increase to salary 

costs; no change in publication cost 

levels; increases to two of the three 

Board Overhead cost factors; and a 

modest decrease to the third Board 

Overhead cost factor from its 

comparable 2014 level, resulting from 

the mechanical application of the 

update formula in 49 CFR 1002.3(d). 

Results from the formula application 

indicate that justified fee amounts in 

this 2015 update decision either remain 

unchanged (58 fee items), increase $50 

or less (11 fee items), increase by $100 

(34 fee items) or increase over $100 (22 

fee items) from their respective 2014 

update levels. No new fee items are 

proposed in this proceeding. Therefore, 

the Board finds that notice and 

comment are unnecessary for this 

proceeding. See Regulations Governing 

Fees for Servs.—1990 Update, 7 I.C.C.2d 

3 (1990); Regulations Governing Fees for 

Servs.—1991 Update, 8 I.C.C.2d 13 

(1991); Regulations Governing Fees for 

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