This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

74607 

Vol. 75, No. 230 

Wednesday, December 1, 2010 

FEDERAL RETIREMENT THRIFT 

INVESTMENT BOARD 

5 CFR Part 1605 

Correction of Administrative Errors 

AGENCY: Federal Retirement Thrift 

Investment Board. 

ACTION: Final rule. 

SUMMARY: The Federal Retirement Thrift 

Investment Board (Agency) is amending 

its regulations to provide a constructed 

share price for retired Lifecycle funds. 

The Agency will use the constructed 

share price to make error corrections 

after December 31st of the target year. 

DATES: This final rule is effective 

January 1, 2011. 

FOR FURTHER INFORMATION CONTACT: 

Laurissa Stokes at (202) 942–1645. 

SUPPLEMENTARY INFORMATION: The 

Agency administers the Thrift Savings 

Plan (TSP), which was established by 

the Federal Employees’ Retirement 

System Act of 1986 (FERSA), Public 

Law 99–335, 100 Stat. 514. The TSP 

provisions of FERSA are codified, as 

amended, largely at 5 U.S.C. 8351 and 

8401–79. The TSP is a tax-deferred 

retirement savings plan for Federal 

civilian employees and members of the 

uniformed services. The TSP is similar 

to cash or deferred arrangements 

established for private-sector employees 

under section 401(k) of the Internal 

Revenue Code (26 U.S.C. 401(k)). 

On October 14, 2010, the Agency 

published a proposed rule with request 

for comments in the Federal Register 

(75 FR 63106). The Agency received no 

comments on its proposed regulation. 

Therefore, the Agency is publishing the 

proposed rule as final without 

modification. 

Constructed Share Price 

The Agency currently offers five 

Lifecycle funds: L Income, L 2010, L 

2020, L 2030, and L 2040. The Agency 

will retire the L 2010 Fund when it 

reaches its target date of December 31, 

2010. Upon retiring the L 2010 Fund, 

the Agency will transfer all money 

invested in the L 2010 Fund to the L 

Income Fund. Participants will no 

longer be able to make contributions to 

the L 2010 Fund after December 31, 

2010. In effect, the L 2010 Fund will no 

longer exist. 

The Agency anticipates receiving late 

and makeup contributions that would 

have been invested in the L 2010 Fund 

had they been made on time. Likewise, 

the Agency anticipates needing to 

remove funds erroneously contributed 

to the L 2010 Fund prior to its 

retirement date. The Agency uses the 

current share price of the applicable 

investment fund when calculating the 

value of late contributions, makeup 

contributions, and negative adjustments. 

Because the L 2010 Fund will no longer 

exist, the Agency must construct an 

appropriate ‘‘current’’ share price in 

order to make error corrections 

involving the L 2010 Fund after 

December 31, 2010. 

The Agency proposes to calculate the 

constructed share price for the L 2010 

Fund as follows: The constructed share 

price is the L 2010 Fund share price on 

December 31, 2010, multiplied by the 

current L Income Fund share price, 

divided by the L Income Fund share 

price on December 31, 2010. This 

calculation reflects the impact of 

merging assets of the L 2010 Fund into 

the L Income Fund on December 31, 

2010. The Agency will apply this 

calculation to retired Lifecycle funds in 

the future by substituting the specific 

Lifecycle fund and target retirement 

date as follows: The constructed share 

price is the retired Lifecycle fund share 

price on December 31 of the retirement 

year, multiplied by the current L Income 

Fund share price, divided by the L 

Income Fund share price on December 

31 of the retirement year. 

Regulatory Flexibility Act 

I certify that this regulation will not 

have a significant economic impact on 

a substantial number of small entities. 

This regulation will affect Federal 

employees and members of the 

uniformed services who participate in 

the Thrift Savings Plan, which is a 

Federal defined contribution retirement 

savings plan created under the Federal 

Employees’ Retirement System Act of 

1986 (FERSA), Public Law 99–335, 100 

Stat. 514, and which is administered by 

the Agency. 

Paperwork Reduction Act 

I certify that these regulations do not 

require additional reporting under the 

criteria of the Paperwork Reduction Act. 

Unfunded Mandates Reform Act of 

1995 

Pursuant to the Unfunded Mandates 

Reform Act of 1995, 2 U.S.C. 602, 632, 

653, 1501–1571, the effects of this 

regulation on state, local, and tribal 

governments and the private sector have 

been assessed. This regulation will not 

compel the expenditure in any one year 

of $100 million or more by state, local, 

and tribal governments, in the aggregate, 

or by the private sector. Therefore, a 

statement under section 1532 is not 

required. 

Submission to Congress and the 

General Accounting Office 

Pursuant to 5 U.S.C. 810(a)(1)(A), the 

Agency submitted a report containing 

this rule and other required information 

to the U.S. Senate, the U.S. House of 

Representatives, and the Comptroller 

General of the United States before 

publication of this rule in the Federal 

Register. This rule is not a major rule as 

defined at 5 U.S.C. 804(2). 

List of Subjects in 5 CFR Part 1605 

Claims, Government employees, 

Pensions, Retirement. 

Gregory T. Long, 

Executive Director, Federal Retirement Thrift 

Investment Board. 

■ For the reasons set forth in the 

preamble, the Agency amends 5 CFR 

chapter VI as follows: 

PART 1605—CORRECTION OF 

ADMINISTRATIVE ERRORS 

■ 1. The authority citation for part 1605 

continues to read as follows: 

Authority: 5 U.S.C. 8351, 8432a, and 

8474(b)(5) and (c)(1). Subpart B also issued 

under section 1043(b) of Pub. L. 104–106, 

110 Stat. 186 and sec. 7202(m)(2) of Pub. L. 

101–508, 104 Stat. 1388. 

■ 2. Amend § 1605.2, by revising 

paragraph (b)(1)(iii) and adding 

paragraph (b)(1)(iv) to read as follows: 

§ 1605.2 Calculating, posting, and 

charging breakage. 

* * * * * 

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74608 Federal Register / Vol. 75, No. 230 / Wednesday, December 1, 2010 / Rules and Regulations 

(b) * * * 

(1) * * * 

(iii) Determine the dollar value on the 

posting date of the number of shares the 

participant would have received had the 

contributions or loan payments been 

made on time. If the contributions or 

loan payments would have been 

invested in a Lifecycle fund that is 

retired on the posting date, the 

constructed share price shall equal the 

retired Lifecycle fund share price on 

December 31 of the retirement year, 

multiplied by the current L Income 

Fund share price, divided by the L 

Income Fund share price on December 

31 of the retirement year. The dollar 

value shall be the number of shares the 

participant would have received had the 

contributions or loan payments been 

made on time multiplied by the 

constructed share price. 

(iv) The difference between the dollar 

value of the contribution or loan 

payment on the posting date and the 

dollar value of the contribution or loan 

payment on the ‘‘as of’’ date is the 

breakage. 

* * * * * 

■ 3. Amend § 1605.12, by revising 

paragraph (c)(2)(ii) to read as follows: 

§ 1605.12 Removal of erroneous 

contributions. 

* * * * * 

(c) * * * 

(2) * * * 

(ii) Multiply the price per share on the 

date the adjustment is posted by the 

number of shares calculated in 

paragraph (c)(2)(i) of this section. If the 

contribution was erroneously 

contributed to a Lifecycle fund that is 

retired on the date the adjustment is 

posted, the price per share shall equal 

the retired Lifecycle fund share price on 

December 31 of the retirement year, 

multiplied by current L Income Fund 

share price, divided by the L Income 

Fund share price on December 31 of the 

retirement year. 

* * * * * 

[FR Doc. 2010–29886 Filed 11–30–10; 8:45 am] 

BILLING CODE 6760–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2010–0735 Directorate 

Identifier 2010–CE–030–AD; Amendment 

39–16529; AD 2010–24–10] 

RIN 2120–AA64 

Airworthiness Directives; CENTRAIR 

Models 101, 101A, 101P, and 101AP 

Gliders 

AGENCY: Federal Aviation 

Administration (FAA), Department of 

Transportation (DOT). 

ACTION: Final rule. 

SUMMARY: We are adopting a new 

airworthiness directive (AD) for the 

products listed above. This AD results 

from mandatory continuing 

airworthiness information (MCAI) 

issued by an aviation authority of 

another country to identify and correct 

an unsafe condition on an aviation 

product. The MCAI describes the unsafe 

condition as: 

Damages to the rudder bar locking 

adjustment tube of a non-reinforced version 

have been reported to Socie ́te ́ Nouvelle (SN) 

Centrair. This tube had been reinforced in 

1984 with a modification. Gliders produced 

before the introduction of this modification 

have not been systematically retrofitted. 

In case of rudder bar locking adjustment 

tube breaking in flight when adjusting the 

rudder pedals position, it might interfere 

with the rudder pedals which could lead to 

rudder jam or a restricted rudder movement 

and consequently, to reduced control of the 

sailplane. 

We are issuing this AD to require 

actions to correct the unsafe condition 

on these products. 

DATES: This AD becomes effective 

January 5, 2011. 

On January 5, 2011, the Director of the 

Federal Register approved the 

incorporation by reference of certain 

publications listed in this AD. 

ADDRESSES: You may examine the AD 

docket on the Internet at http:// 

www.regulations.gov or in person at 

Document Management Facility, U.S. 

Department of Transportation, Docket 

Operations, M–30, West Building 

Ground Floor, Room W12–140, 1200 

New Jersey Avenue, SE., Washington, 

DC 20590. 

For service information identified in 

this AD, contact Socie ́te ́ Nouvelle 

CENTRAIR, Aerodome—36300 Le 

Blanc, France; telephone: +33 (0)254 

370796; fax: +33 (0)54. 374864; Internet: 

http://www.societe.com. You may 

review copies of the referenced service 

information at the FAA, Small Airplane 

Directorate, 901 Locust, Kansas City, 

Missouri 64106. For information on the 

availability of this material at the FAA, 

call 816–329–4148. 

FOR FURTHER INFORMATION CONTACT: Greg 

Davison, Aerospace Engineer, FAA, 

Small Airplane Directorate, 901 Locust, 

Room 301, Kansas City, Missouri 64106; 

telephone: (816) 329–4130; fax: (816) 

329–4090. 

SUPPLEMENTARY INFORMATION: 

Discussion 

We issued a notice of proposed 

rulemaking (NPRM) to amend 14 CFR 

part 39 to include an AD that would 

apply to the specified products. That 

NPRM was published in the Federal 

Register on July 23, 2010 (75 FR 43103). 

That NPRM proposed to correct an 

unsafe condition for the specified 

products. The MCAI, issued on May 26, 

2010, states: 

Damages to the rudder bar locking 

adjustment tube of a non-reinforced version 

have been reported to Socie ́te ́ Nouvelle (SN) 

Centrair. This tube had been reinforced in 

1984 with a modification. Gliders produced 

before the introduction of this modification 

have not been systematically retrofitted. 

In case of rudder bar locking adjustment 

tube breaking in flight when adjusting the 

rudder pedals position, it might interfere 

with the rudder pedals which could lead to 

rudder jam or a restricted rudder movement 

and consequently, to reduced control of the 

sailplane. 

For the reason described above, this AD 

requires inspecting the rudder bar locking 

adjustment tube and, if necessary, replacing 

it. 

You may obtain further information by 

examining the MCAI in the AD docket. 

Comments 

We gave the public the opportunity to 

participate in developing this AD. We 

received no comments on the NPRM or 

on the determination of the cost to the 

public. 

Conclusion 

We reviewed the available data and 

determined that air safety and the 

public interest require adopting the AD 

as proposed. 

Differences Between This AD and the 

MCAI or Service Information 

We have reviewed the MCAI and 

related service information and, in 

general, agree with their substance. But 

we might have found it necessary to use 

different words from those in the MCAI 

to ensure the AD is clear for U.S. 

operators and is enforceable. In making 

these changes, we do not intend to differ 

substantively from the information 

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