80 FR 11240 - Proposed Submission of Information Collection for OMB Review; Comment Request; Annual Reporting (Form 5500 Series)
PENSION BENEFIT GUARANTY CORPORATION Federal Register Volume 80, Issue 40 (March 2, 2015)
Federal Register Volume 80, Issue 40 (March 2, 2015)
| Page Range | 11240-11241 | |
| FR Document | 2015-04251 |
[Federal Register Volume 80, Number 40 (Monday, March 2, 2015)] [Notices] [Pages 11240-11241] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-04251] ======================================================================= ----------------------------------------------------------------------- PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Annual Reporting (Form 5500 Series) AGENCY: Pension Benefit Guaranty Corporation. ACTION: Notice of intention to request extension of OMB approval. ----------------------------------------------------------------------- SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act of 1995, of its collection of information for annual financial and actuarial reporting under 29 CFR part 4010 (OMB control number 1212-0049, expires June 30, 2015). This notice informs the public of PBGC's intent and solicits public comment on the collection of information. DATES: Comments must be submitted by May 1, 2015. ADDRESSES: Comments may be submitted by any of the following methods:Federal eRulemaking Portal: http://www.regulations.gov. Follow the Web site instructions for submitting comments. Email: [email protected]. Fax: 202-326-4224. Mail or Hand Delivery: Regulatory Affairs Group, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026. PBGC will make all comments available on its Web site at http://www.pbgc.gov. Copies of the collection of information and comments may be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC, at the above address or by visiting the Disclosure Division or calling 202-326-4040 during normal business hours. (TTY and TDD users may call the Federal relay service toll-free at 1-800-877-8339 and ask to be connected to 202-326-4040.) FOR FURTHER INFORMATION CONTACT: Grace Kraemer, Attorney, or Catherine B. Klion, Assistant General Counsel, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026; 202-326-4024. (TTY and 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: Section 4010 of the Employee Retirement Income Security Act of 1974 (ERISA) requires each member of a controlled group to submit financial and actuarial information to PBGC under certain circumstances. PBGC's regulation on Annual Financial and Actuarial Information (29 CFR part 4010) specifies the items of identifying, financial, and actuarial information that filers must submit. PBGC reviews the information that is filed and enters it into an electronic database for more detailed analysis. Computer-assisted analysis of this information helps PBGC to anticipate possible major demands on the pension insurance system and to focus PBGC resources on situations that pose the greatest risk to the system. Because other sources of information are not as current as the 4010 information and do not reflect a plan's termination liability, 4010 filings play a major role in PBGC's ability to protect participant and premium-payer interests. ERISA section 4010 and PBGC's 4010 regulation specify that each controlled group member must provide PBGC with certain financial information, including audited (if available) or (if not) unaudited financial statements. They also specify that the controlled group must provide PBGC with certain actuarial information necessary to determine the liabilities and assets for all PBGC-covered plans. All non-public information submitted is protected from disclosure. Reporting is accomplished through PBGC's secure e-4010 web-based application. OMB has approved the 4010 collection of information under control number 1212-0049 through June 30, 2015. PBGC intends to require that OMB extend approval of this collection of information for three years. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB Control number. PBGC estimates that approximately 300 controlled groups will be subject to 4010 reporting requirements. PBGC further estimates that the total annual burden of this collection of information will be 2,620 hours and $5,088,000. PBGC is soliciting public comments to-- Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodologies and assumptions used; [[Page 11241]] Enhance the quality, utility, and clarity of the information to be collected; and Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Issued in Washington, DC, this 24th day of February 2015. Judith Starr, General Counsel, Pension Benefit Guaranty Corporation. [FR Doc. 2015-04251 Filed 2-27-15; 8:45 am] BILLING CODE 7709-02-P
![11240 Federal Register / Vol. 80, No. 40 / Monday, March 2, 2015 / Notices
Chairman as necessary to facilitate the PENSION BENEFIT GUARANTY Income Security Act of 1974 (ERISA)
conduct of the meeting, persons CORPORATION requires each member of a controlled
planning to attend should check with group to submit financial and actuarial
the Cognizant ACRS staff if such Proposed Submission of Information information to PBGC under certain
rescheduling would result in major Collection for OMB Review; Comment circumstances. PBGC’s regulation on
inconvenience. Request; Annual Reporting (Form 5500 Annual Financial and Actuarial
Thirty-five hard copies of each Series) Information (29 CFR part 4010) specifies
presentation or handout should be the items of identifying, financial, and
AGENCY: Pension Benefit Guaranty actuarial information that filers must
provided 30 minutes before the meeting. Corporation.
In addition, one electronic copy of each submit. PBGC reviews the information
ACTION: Notice of intention to request that is filed and enters it into an
presentation should be emailed to the extension of OMB approval.
Cognizant ACRS Staff one day before electronic database for more detailed
meeting. If an electronic copy cannot be analysis. Computer-assisted analysis of
SUMMARY: The Pension Benefit Guaranty
provided within this timeframe, this information helps PBGC to
Corporation (PBGC) intends to request
anticipate possible major demands on
presenters should provide the Cognizant that the Office of Management and
the pension insurance system and to
ACRS Staff with a CD containing each Budget (OMB) extend approval, under
focus PBGC resources on situations that
presentation at least 30 minutes before the Paperwork Reduction Act of 1995, of
pose the greatest risk to the system.
the meeting. its collection of information for annual
Because other sources of information are
In accordance with Subsection 10(d) financial and actuarial reporting under not as current as the 4010 information
of Public Law 92–463 and 5 U.S.C. 29 CFR part 4010 (OMB control number and do not reflect a plan’s termination
552b(c), certain portions of the March 1212–0049, expires June 30, 2015). This liability, 4010 filings play a major role
6th meeting may be closed, as notice informs the public of PBGC’s in PBGC’s ability to protect participant
specifically noted above. Use of still, intent and solicits public comment on and premium-payer interests.
motion picture, and television cameras the collection of information. ERISA section 4010 and PBGC’s 4010
during the meeting may be limited to DATES: Comments must be submitted by regulation specify that each controlled
selected portions of the meeting as May 1, 2015. group member must provide PBGC with
determined by the Chairman. Electronic ADDRESSES: Comments may be certain financial information, including
recordings will be permitted only submitted by any of the following audited (if available) or (if not)
during the open portions of the meeting. methods: unaudited financial statements. They
ACRS meeting agendas, meeting • Federal eRulemaking Portal: http:// also specify that the controlled group
transcripts, and letter reports are www.regulations.gov. Follow the Web must provide PBGC with certain
available through the NRC Public site instructions for submitting actuarial information necessary to
Document Room at pdr.resource@ comments. determine the liabilities and assets for
nrc.gov, or by calling the PDR at 1–800– • Email: paperwork.comments@ all PBGC-covered plans. All non-public
397–4209, or from the Publicly pbgc.gov. information submitted is protected from
Available Records System (PARS) • Fax: 202–326–4224. disclosure. Reporting is accomplished
component of NRC’s document system • Mail or Hand Delivery: Regulatory through PBGC’s secure e–4010 web-
(ADAMS) which is accessible from the Affairs Group, Office of the General based application.
NRC Web site at http://www.nrc.gov/ Counsel, Pension Benefit Guaranty OMB has approved the 4010
reading-rm/adams.html or http:// Corporation, 1200 K Street NW., collection of information under control
www.nrc.gov/reading-rm/doc- Washington, DC 20005–4026. number 1212–0049 through June 30,
collections/ACRS/. PBGC will make all comments available 2015. PBGC intends to require that OMB
on its Web site at http://www.pbgc.gov. extend approval of this collection of
Video teleconferencing service is information for three years. An agency
Copies of the collection of
available for observing open sessions of may not conduct or sponsor, and a
information and comments may be
ACRS meetings. Those wishing to use person is not required to respond to, a
obtained without charge by writing to
this service should contact Mr. Theron collection of information unless it
the Disclosure Division of the Office of
Brown, ACRS Audio Visual Technician displays a currently valid OMB Control
the General Counsel of PBGC, at the
(301–415–8066), between 7:30 a.m. and number.
above address or by visiting the
3:45 p.m. (ET), at least 10 days before PBGC estimates that approximately
Disclosure Division or calling 202–326–
the meeting to ensure the availability of 300 controlled groups will be subject to
4040 during normal business hours.
this service. Individuals or 4010 reporting requirements. PBGC
(TTY and TDD users may call the
organizations requesting this service further estimates that the total annual
Federal relay service toll-free at 1–800–
will be responsible for telephone line burden of this collection of information
877–8339 and ask to be connected to
charges and for providing the will be 2,620 hours and $5,088,000.
202–326–4040.)
equipment and facilities that they use to PBGC is soliciting public comments
establish the video teleconferencing FOR FURTHER INFORMATION CONTACT: to—
link. The availability of video Grace Kraemer, Attorney, or Catherine • Evaluate whether the proposed
teleconferencing services is not B. Klion, Assistant General Counsel, collection of information is necessary
guaranteed. Office of the General Counsel, Pension for the proper performance of the
asabaliauskas on DSK5VPTVN1PROD with NOTICES
Benefit Guaranty Corporation, 1200 K functions of the agency, including
Dated at Rockville, Maryland, this 23rd day Street NW., Washington, DC 20005–
of February 2015. whether the information will have
4026; 202–326–4024. (TTY and TDD practical utility;
For the Nuclear Regulatory Commission. users may call the Federal relay service • Evaluate the accuracy of the
Andrew L. Bates, toll-free at 1–800–877–8339 and ask to agency’s estimate of the burden of the
Advisory Committee Management Officer. be connected to 202–326–4024.) proposed collection of information,
[FR Doc. 2015–04295 Filed 2–27–15; 8:45 am] SUPPLEMENTARY INFORMATION: Section including the validity of the
BILLING CODE 7590–01–P 4010 of the Employee Retirement methodologies and assumptions used;
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![Federal Register / Vol. 80, No. 40 / Monday, March 2, 2015 / Notices 11241
• Enhance the quality, utility, and one General Privacy Act System of statistical research and reporting. The
clarity of the information to be Records should be revised to modify Postal Service is also adding a routine
collected; and categories of records in the system, use explaining that the disclosure of
• Minimize the burden of the purpose(s), routine uses of records these data may be made to BLS for the
collection of information on those who maintained in the system, including development of occupational estimates
are to respond, including through the categories of users and the purpose of for federal employees. Retrievability is
use of appropriate automated, such uses, and retrievability. being revised to indicate the data can
electronic, mechanical, or other Background now be retrieved by occupation code
technological collection techniques or and/or occupation title.
other forms of information technology, Pursuant to agreements that will
protect the use of Postal Service data, III. Description of Changes to Systems
e.g., permitting electronic submission of
the Postal Service intends to provide the of Records
responses.
Bureau of Labor Statistics (BLS) with Pursuant to 5 U.S.C. 552a (e)(11),
Issued in Washington, DC, this 24th day of employment and wage data pertaining
February 2015. interested persons are invited to submit
to USPS employees. These data are used written data, views, or arguments on
Judith Starr, in BLS’s OES program and, in
General Counsel, Pension Benefit Guaranty this proposal. A report of the proposed
conjunction with data obtained from the modifications has been sent to Congress
Corporation. Office of Personnel Management, are
[FR Doc. 2015–04251 Filed 2–27–15; 8:45 am] and to the Office of Management and
used to develop employment and wage Budget for their evaluations. The Postal
BILLING CODE 7709–02–P estimates. Service does not expect this amended
The OES program produces
system of records to have any adverse
employment and wage estimates for
effect on individual privacy rights. The
POSTAL SERVICE over 800 occupations. These estimates
affected system is as follows:
include the number of jobs in certain
Privacy Act of 1974; System of occupations and estimates of the wages USPS 100.400
Records paid to with respect to those jobs.
SYSTEM NAME: Personnel
Through its program, BLS maintains a
AGENCY: Postal ServiceTM. Compensation and Payroll Records
comprehensive source of regularly
ACTION: Notice of modification to produced occupational employment and Accordingly, for the reasons stated,
existing system of records. wage information available for the the Postal Service proposes changes in
nation as a whole, for individual States, the existing system of records as
SUMMARY: The United States Postal and for metropolitan areas. OES data is follows:
Service® (Postal Service) is proposing to used to develop information regarding
modify a General Privacy Act System of current and projected employment USPS 100.400
Records (SOR) to support the sharing of needs, job opportunities, job placement
employment and wage data with the aids, and state education and workforce
SYSTEM NAME:
Bureau of Labor Statistics (BLS) for their development plans. Jobseekers can use Personnel Compensation and Payroll
Occupational Employment Statistics OES data to analyze occupational wages Records.
(OES) program. These data are used for and cost of living data by U.S area.
the development of employment and Employment and wage estimate data are CATEGORIES OF RECORDS IN THE SYSTEM
wage estimates for over 800 also used by academic and government [CHANGE TO READ]
occupations. researchers to study labor markets and 1. Employee and family member
DATES: These revisions will become wage and employment trends. BLS is information: Names(s), Social Security
effective without further notice on April now developing occupational Number(s), Employee Identification
1, 2015 unless comments received on or employment and wage estimates and is Number, date(s) of birth, postal
before that date result in a contrary requesting USPS occupational data assignment information, work contact
determination. which includes occupational titles and information, home address(es) and
ADDRESSES: Comments may be mailed occupational codes. phone number(s), finance number(s),
or delivered to the Privacy and Records Rationale for Changes to USPS Privacy occupation code, occupation title, duty
Office, United States Postal Service, 475 Act Systems of Records location, and pay location.
L’Enfant Plaza SW., Room 9517, 2. Compensation and payroll
The Postal Service is proposing
Washington, DC 20260–1101. Copies of information: Records related to payroll,
modifications to SOR 100.400.
all written comments will be available annual salary, hourly rate, Rate
Categories of records is being amended
at this address for public inspection and Schedule Code (RSC) or pay type,
to reflect that the Postal Service
photocopying between 8 a.m. and 4 payments, deductions, compensation,
maintains a unique occupation code and
p.m., Monday through Friday. and benefits; uniform items purchased;
an occupation title for each employee,
FOR FURTHER INFORMATION CONTACT: proposals and decisions under monetary
as well as annual salary, hourly rate,
Matthew J. Connolly, Chief Privacy awards; suggestion programs and
and the Rate Schedule Code (RSC),
Officer, Privacy and Records Office, contest; injury compensation; monetary
which is used to identify an employee’s
202–268–8582 or privacy@usps.gov. claims for personal property loss or
pay type. Pay type refers to any kind of
asabaliauskas on DSK5VPTVN1PROD with NOTICES
damage; and garnishment of wages.
SUPPLEMENTARY INFORMATION: This wage that an employer is allotting to an
notice is in accordance with the Privacy employee. This can include, but is not * * * * *
Act requirement that agencies publish limited to, holiday pay, overtime pay,
PURPOSE
their systems of records in the Federal annual leave pay, sick leave pay,
Register when there is a revision, severance pay, etc. Purpose is being * * * * *
change, or addition, or when the agency modified to permit the Postal Service to [CHANGE TO READ]
establishes a new system of records. The maintain annual salary, hourly rate, and 9. To support statistical research and
Postal ServiceTM has determined that pay type information for the purpose of reporting.
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Document Created: 2015-12-18 12:07:58
Document Modified: 2015-12-18 12:07:58
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice of intention to request extension of OMB approval. | |
| Dates | Comments must be submitted by May 1, 2015. | |
| Contact | Grace Kraemer, Attorney, or Catherine B. Klion, Assistant General Counsel, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026; 202-326-4024. (TTY and TDD users may call the Federal relay service toll-free at 1-800-877-8339 and ask to be connected to 202-326- 4024.) | |
| FR Citation | 80 FR 11240 |
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