2010 Federal Register / Vol. 80, No. 10 / Thursday, January 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. 

amendment will not have a significant 

economic impact on a substantial 

number of small entities under the 

criteria of the Regulatory Flexibility Act. 

List of Subjects in 14 CFR Part 97 

Air Traffic Control, Airports, 

Incorporation by reference, and 

Navigation (Air). 

Issued in Washington, DC, on November 

21, 2014. 

John Duncan, 

Director, Flight Standards Service. 

Adoption of the Amendment 

Accordingly, pursuant to the 

authority delegated to me, Title 14, 

Code of Federal Regulations, Part 97 (14 

CFR part 97) is amended by 

establishing, amending, suspending, or 

revoking Standard Instrument Approach 

Procedures and/or Takeoff Minimums 

and/or Obstacle Departure Procedures 

effective at 0902 UTC on the dates 

specified, as follows: 

PART 97—STANDARD INSTRUMENT 

APPROACH PROCEDURES 

■ 1. The authority citation for part 97 

continues to read as follows: 

Authority: 49 U.S.C. 106(g), 40103, 40106, 

40113, 40114, 40120, 44502, 44514, 44701, 

44719, 44721–44722. 

■ 2. Part 97 is amended to read as 

follows: 

Effective 8 January 2015 

Santa Rosa, CA, Charles M. Schulz—Sonoma 

County, RNAV (GPS) RWY 14, Amdt 2A 

South Lake Tahoe, CA, Lake Tahoe, Takeoff 

Minimums and Obstacle DP, Amdt 7 

St Petersburg-Clearwater, FL, St PeteClearwater Intl, VOR/DME RWY 36R, 

Amdt 2 

Baton Rouge, LA, Baton Rouge Metropolitan, 

Ryan Field, ILS OR LOC RWY 13, Amdt 

27E 

Baton Rouge, LA, Baton Rouge Metropolitan, 

Ryan Field, ILS OR LOC RWY 22R, Amdt 

11B 

Baton Rouge, LA, Baton Rouge Metropolitan, 

Ryan Field, NDB RWY 31, Amdt 2D 

Baton Rouge, LA, Baton Rouge Metropolitan, 

Ryan Field, VOR RWY 4L, Amdt 17C 

Baton Rouge, LA, Baton Rouge Metropolitan, 

Ryan Field, VOR/DME RWY 22R, Amdt 8H 

Elkton, MD, Claremont, Takeoff Minimums 

and Obstacle DP, Amdt 1 

Bellaire, MI, Antrim County, VOR RWY 2, 

Amdt 2A, CANCELED 

Columbus/W Point/Starkville, MS, Golden 

Triangle Rgnl, ILS OR LOC RWY 36, Amdt 

1 

Siler City, NC, Siler City Muni, RNAV (GPS) 

RWY 4, Orig 

Siler City, NC, Siler City Muni, RNAV (GPS) 

RWY 22, Amdt 1 

Siler City, NC, Siler City Muni, Takeoff 

Minimums and Obstacle DP, Amdt 2 

Siler City, NC, Siler City Muni, VOR–A, 

Amdt 3 

New York, NY, West 30th St, Takeoff 

Minimums and Obstacle DP, Orig 

Toledo, OH, Toledo Express, ILS OR LOC 

RWY 25, Amdt 8 

Clemson, SC, Oconee County Rgnl, RNAV 

(GPS) RWY 7, Amdt 3 

Wendover, UT, Wendover, RNAV (GPS) 

RWY 8, Amdt 1 

La Crosse, WI, La Crosse Rgnl, RNAV (GPS) 

RWY 4, Amdt 1B 

[FR Doc. 2014–30838 Filed 1–14–15; 8:45 am] 

BILLING CODE 4910–13–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 

February 2015. The interest 

assumptions are used for paying 

benefits under terminating singleemployer plans covered by the pension 

insurance system administered by 

PBGC. 

DATES: Effective February 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 February 2015.1

The February 2015 interest 

assumptions under the benefit payments 

regulation will be 1.00 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 January 2015, 

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 February 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: 


rljohnson on DSK3VPTVN1PROD with RULES
Federal Register / Vol. 80, No. 10 / Thursday, January 15, 2015 / Rules and Regulations 2011 

Authority: 29 U.S.C. 1302, 1322, 1322b, 

1341(c)(3)(D), and 1344. 

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

256 is added to the table to read as 

follows: 

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

*******

256 2–1–15 3–1–15 1.00 4.00 4.00 4.00 7 8 

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

256 is added to the table to read as 

follows: 

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

*******

256 2–1–15 3–1–15 1.00 4.00 4.00 4.00 7 8 

Issued in Washington, DC, on this 12th day 

of January 2015. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2015–00556 Filed 1–14–15; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 110 

[Docket No. USCG–2013–0018] 

RIN 1625–AA01 

Anchorage Regulations; Port of New 

York 

AGENCY: Coast Guard, DHS. 

ACTION: Final rule. 

SUMMARY: The Coast Guard is 

establishing and modifying anchorage 

grounds within the Port of New York. 

This action is necessary to facilitate safe 

navigation and provide safe and secure 

anchorages for vessels operating in the 

area. This rule is intended to increase 

the safety of life and property of both 

the anchored vessels and those 

operating in the area, as well as provide 

for the overall safe and efficient flow of 

commerce. 

DATES: This rule is effective February 

17, 2015. 

ADDRESSES: Documents mentioned in 

this preamble are part of docket [USCG– 

2013–0018]. To view documents 

mentioned in this preamble as being 

available in the docket, go to http://

www.regulations.gov, type the docket 

number in the ‘‘SEARCH’’ box and click 

‘‘SEARCH.’’ Click on Open Docket 

Folder on the line associated with this 

rulemaking. You may also visit the 

Docket Management Facility in Room 

W12–140 on the ground floor of the 

Department of Transportation West 

Building, 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 rule, call or 

email Mr. Jeff Yunker, Sector New York, 

Waterways Management Division, U.S. 

Coast Guard; telephone 718–354–4195, 

Email Jeff.M.Yunker@uscg.mil or Chief 

Craig Lapiejko, Coast Guard First 

District Waterways Management 

Branch, telephone 617–223–8385, Email 

Craig.D.Lapiejko@uscg.mil. If you have 

questions on viewing or submitting 

material to the docket, call Cheryl 

Collins, Program Manager, Docket 

Operations, telephone 202–366–9826. 

SUPPLEMENTARY INFORMATION: 

Table of Acronyms 

COTP Captain of the Port 

DHS Department of Homeland Security 

FR Federal Register 

NPRM Notice of Proposed Rulemaking 

WAMS Waterways Analysis and 

Management System 

A. Regulatory History and Information 

On July 25, 2013, we published a 

notice of proposed rulemaking (NPRM) 

entitled Anchorage Regulations; Port of 

New York in the Federal Register (78 

FR 44917). We received no comments 

on the proposed rule. No public meeting 

was requested, and none was held. 

B. Basis and Purpose 

The legal basis for this rule is 33 

U.S.C. 471, 1221 through 1236, 2071; 33 

CFR 1.05–1; and Department of 

Homeland Security Delegation No. 

0170.1, which collectively authorize the 

Coast Guard to define anchorage 

grounds. 

This rule was assessed as part of a 

Waterways Analysis and Management 

System (WAMS) review of the New 

York Vessel Traffic Lanes and 

Approaches to New York Harbor with 

the intent of optimizing the waterway 

and aids to navigation. The Coast Guard 

received six responses to the survey 

included in the WAMS review. The 

survey responses reported that 

Anchorage Ground No. 27(ii) Romer 

Shoal and Anchorage Ground No. 27(iii) 

Flynns Knoll, near Sandy Hook, NJ are 

not used because their locations leave 

vessels exposed to swells and that there 

are safer anchorage grounds available in 

Lower New York and Sandy Hook Bays. 

The New York District Army Corps of 

Engineers (USACE) was consulted on 

this regulation and had no objections. 

In addition, the Hudson River Pilots 

Association requested the Coast Guard 


rljohnson on DSK3VPTVN1PROD with RULES