"The first quarter 2015 interest assumptions under the allocation regulation will be 2.89 percent for the first 20 years following the valuation date and 3.12 percent thereafter. In comparison with the interest assumptions in effect for the fourth quarter of 2014, these interest assumptions represent no change in the select period ... a decrease of 0.21 percent in the select rate, and a decrease of 0.17 percent in the ultimate rate.... The January 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 December 2014, these interest assumptions are unchanged."