Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Rules and Regulations 38597 

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. 

or the blend in paragraph (a)(2) of this 

section. 

(2) The additive or a safflower oil 

blend containing the additive for use in 

animal food meets the following 

specifications: 

(i) Crude fat content of the GLA 

safflower oil or its blend is not less than 

99.5 percent. 

(ii) GLA content is between 400 and 

450 milligrams (mg) GLA per gram of 

the GLA safflower oil or its blend. 

(iii) Total content of stearidonic acid 

and cis, cis-6,9-octadecadienoic acid in 

the GLA safflower oil or its blend must 

not exceed a total of 0.3 percent. 

(3) Addition of GLA safflower oil, or 

its blend, to complete dry adult 

maintenance dog food must meet the 

following: 

(i) Addition of the oil or its blend 

cannot provide more than 36 mg GLA 

per kilogram body weight of the dog per 

day in more than 86 mg of the GLA 

safflower oil or its blend. This 

maximum addition rate of the GLA 

safflower oil, or its blend, is 0.3 percent 

of a complete dry adult maintenance 

dog food containing 3,600 kilocalories 

of metabolizable energy per kilogram of 

food as-fed. 

(ii) Adjustments must be made for dog 

food formulas of different caloric 

density and/or that are fed to specific 

weights, breeds, or dogs of different 

activity levels to meet the requirements 

of this paragraph. 

(b) To assure safe use of the additive, 

in addition to other information 

required by the Federal Food, Drug, and 

Cosmetic Act, the label and labeling of 

the additive shall bear the following: 

(1) The name, gamma-linolenic acid 

(GLA) safflower oil. 

(2) A guarantee for the minimum 

content of gamma-linolenic acid. 

(3) Adequate directions for use such 

that the finished animal food complies 

with the provisions of paragraph (a)(3) 

of this section. 

Dated: August 4, 2017. 

Anna K. Abram, 

Deputy Commissioner for Policy, Planning, 

Legislation, and Analysis. 

[FR Doc. 2017–17214 Filed 8–14–17; 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 

September 2017. The interest 

assumptions are used for paying 

benefits under terminating singleemployer plans covered by the pension 

insurance system administered by 

PBGC. 

DATES: Effective September 1, 2017. 

FOR FURTHER INFORMATION CONTACT: 

Deborah C. Murphy (Murphy.Deborah@

pbgc.gov), Assistant General Counsel for 

Regulatory Affairs, Pension Benefit 

Guaranty Corporation, 1200 K Street 

NW., Washington, DC 20005, 202–326– 

4400 ext. 3451. (TTY/TDD users may 

call the Federal relay service toll-free at 

1–800–877–8339 and ask to be 

connected to 202–326–4400, ext. 3451.) 

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 terminated 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 September 2017.1

The September 2017 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 August 2017, 

these assumptions represent an increase 

of 0.25 percent in the immediate 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 September 2017, 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 287, as set forth below, is added to 

the table. 

Appendix B to Part 4022—Lump Sum 

Interest Rates for PBGC Payments 

* * * * * 


jstallworth on DSKBBY8HB2PROD with RULES
38598 Federal Register / Vol. 82, No. 156 / Tuesday, August 15, 2017 / Rules and Regulations 

Rate set 

For plans with a valuation 

date Immediate 

annuity rate 

(percent) 

Deferred annuities 

(percent) 

On or after Before i1 i2 i3 n1 n2

*******

287 9–1–17 10–1–17 1.00 4.00 4.00 4.00 7 8 

■ 3. In Appendix C to part 4022, Rate 

Set 287, 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

*******

287 9–1–17 10–1–17 1.00 4.00 4.00 4.00 7 8 

Issued in Washington, DC. 

Deborah Chase Murphy, 

Assistant General Counsel for Regulatory 

Affairs, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2017–17075 Filed 8–14–17; 8:45 am] 

BILLING CODE 7709–02–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 100 

[Docket Number USCG–2017–0710] 

RIN 1625–AA08 

Special Local Regulation; Mobile River, 

Mobile, AL 

AGENCY: Coast Guard, DHS. 

ACTION: Temporary final rule. 

SUMMARY: The Coast Guard is 

establishing a temporary special local 

regulation on the Mobile River, Mobile, 

AL. The special local regulation is 

needed to protect the persons 

participating in the Rubber Ducky 

Regatta marine event. This rule restricts 

transit into, through, and within the 

regulated area unless specifically 

authorized by the Captain of the Port 

Mobile. 

DATES: This rule is effective from 9 a.m. 

until 1 p.m. on August 26, 2017. 

ADDRESSES: To view documents 

mentioned in this preamble as being 

available in the docket, go to http://

www.regulations.gov, type USCG–2017– 

0710 in the ‘‘SEARCH’’ box and click 

‘‘SEARCH.’’ Click on Open Docket 

Folder on the line associated with this 

rule. 

FOR FURTHER INFORMATION CONTACT: If 

you have questions on this rule, call or 

email LT Kyle D. Berry, Sector Mobile, 

Waterways Management Division, U.S. 

Coast Guard; telephone 251–441–5940, 

email kyle.d.berry@uscg.mil. 

SUPPLEMENTARY INFORMATION: 

I. Table of Abbreviations 

CFR Code of Federal Regulations 

COTP Captain of the Port Mobile 

DHS Department of Homeland Security 

FR Federal Register 

NPRM Notice of proposed rulemaking 

PATCOM Patrol Commander 

§ Section 

U.S.C. United States Code 

II. Background Information and 

Regulatory History 

The Coast Guard is issuing this 

temporary rule without prior notice and 

opportunity to comment pursuant to 

authority under section 4(a) of the 

Administrative Procedure Act (APA) (5 

U.S.C. 553(b)). This provision 

authorizes an agency to issue a rule 

without prior notice and opportunity to 

comment when the agency for good 

cause finds that those procedures are 

‘‘impracticable, unnecessary, or contrary 

to the public interest.’’ Under 5 U.S.C. 

553(b)(B), the Coast Guard finds that 

good cause exists for not publishing a 

notice of proposed rulemaking (NPRM) 

with respect to this rule because it is 

impracticable. We did not receive notice 

of the event until July 13, 2017. After a 

thorough review of the details for this 

event, including the number of 

anticipated spectators, the Coast Guard 

determined that a special local 

regulation was needed to protect 

persons and property in the vicinity of 

the area from potential hazards present 

with the Rubber Ducky Regatta marine 

event on this navigable waterway. This 

special local regulation must be 

established by August 26, 2017 and we 

lack sufficient time to provide a 

reasonable comment period and then 

consider those comments before issuing 

the rule. 

We are issuing this rule, and under 5 

U.S.C. 553(d)(3), the Coast Guard finds 

that good cause exists for making it 

effective less than 30 days after 

publication in the Federal Register. 

Delaying the effective date of this rule 

would be contrary to public interest 

because immediate action is needed to 

respond to the potential safety hazards 

associated with this event. 

III. Legal Authority and Need for Rule 

The Coast Guard is issuing this rule 

under authority in 33 U.S.C. 1233. The 

Captain of the Port Mobile (COTP) has 

determined that potential hazards 

associated with the marine event on 

August 26, 2017 will be a safety concern 

for anyone within the area of the Mobile 

River, Mobile, AL encompassing a halfmile radius of a point near 30°41′24.8′′ 

N., 88°2′12.9′′ W. This rule is needed to 

protect participants, spectators, and 

other persons and vessels during the 

marine event on navigable waters. 

IV. Discussion of the Rule 

This rule establishes a special local 

regulation on August 26, 2017, which 

will be enforced between the hours of 9 

a.m. and 1 p.m. The special local 

regulation takes place on the Mobile 

River, Mobile AL, encompassing a halfmile radius of a point at approximate 

location 30°41′24.8′′ N., 88°2′12.9′′ W. 


jstallworth on DSKBBY8HB2PROD with RULES