80 FR 12526 - Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates

PENSION BENEFIT GUARANTY CORPORATION

Federal Register Volume 80, Issue 45 (March 9, 2015)

Page Range		12526-12526
FR Document		2015-05367

The Pension Benefit Guaranty Corporation (``PBGC'') is requesting that the Office of Management and Budget (``OMB'') extend approval, under the Paperwork Reduction Act, of a collection of information (OMB control number 1212-0030; expires March 31, 2015). This voluntary collection of information is a quarterly survey of insurance company rates for pricing annuity contracts. The American Council of Life Insurers conducts the survey for PBGC. This notice informs the public of PBGC's request and solicits public comment on the collection of information.

Federal Register, Volume 80 Issue 45 (Monday, March 9, 2015)

[Federal Register Volume 80, Number 45 (Monday, March 9, 2015)]
[Notices]
[Page 12526]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-05367]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Survey of Nonparticipating Single Premium Group Annuity Rates

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

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SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') is 
requesting that the Office of Management and Budget (``OMB'') extend 
approval, under the Paperwork Reduction Act, of a collection of 
information (OMB control number 1212-0030; expires March 31, 2015). 
This voluntary collection of information is a quarterly survey of 
insurance company rates for pricing annuity contracts. The American 
Council of Life Insurers conducts the survey for PBGC. This notice 
informs the public of PBGC's request and solicits public comment on the 
collection of information.

DATES: Comments should be submitted by April 8, 2015.

ADDRESSES: Comments should be sent to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, Attention: Desk 
Officer for Pension Benefit Guaranty Corporation, via electronic mail 
at [email protected] or by fax to (202) 395-6974.
    A copy of the request (including the collection of information) 
will be posted at http://www.pbgc.gov/res/laws-andregulations/information-collectionsunder-omb-review.html. It may also be obtained 
without charge by writing to the Disclosure Division of the Office of 
the General Counsel of PBGC at the above address, visiting the 
Disclosure Division, faxing a request to 202-326-4042, 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.) The Disclosure Division will email, fax, or 
mail the information to you, as you request.

FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney (326-4400, 
ext. 3072) or Catherine B. Klion, Assistant General Counsel (326-4400, 
ext. 3041), Office of the General Counsel, Pension Benefit Guaranty 
Corporation, 1200 K Street NW., Washington, DC 20005, 202-326-4400 (TTY 
and TDD users may call the Federal relay service toll-free at 1-800-
877-8339 and ask to be connected to 202-326-4400.)

SUPPLEMENTARY INFORMATION: PBGC's regulations prescribe actuarial 
valuation methods and assumptions (including interest rate assumptions) 
to be used in determining the actuarial present value of benefits under 
single-employer plans that terminate (29 CFR part 4044) and under 
multiemployer plans that undergo a mass withdrawal of contributing 
employers (29 CFR part 4281). Each month PBGC publishes the interest 
rates to be used under those regulations for plans terminating or 
undergoing mass withdrawal during the next month.
    The interest rates are intended to reflect current conditions in 
the annuity markets. To determine these interest rates, PBGC gathers 
pricing data from insurance companies that are providing annuity 
contracts to terminating pension plans through a quarterly ``Survey of 
Nonparticipating Single Premium Group Annuity Rates.'' The American 
Council of Life Insurers distributes the survey and provides PBGC with 
``blind'' data (i.e., PBGC is unable to match responses with the 
companies that submitted them). PBGC also uses the information from the 
survey in determining the interest rates it uses to value benefits 
payable to participants and beneficiaries in PBGC-trusteed plans for 
purposes of PBGC's financial statements.
    The survey is directed at insurance companies that have volunteered 
to participate, most, or all, of which are members of the American 
Council of Life Insurers. The survey is conducted quarterly and will be 
sent to approximately 22 insurance companies. Based on experience under 
the current approval, PBGC estimates that 6 insurance companies will 
complete and return the survey. PBGC further estimates that the average 
annual burden of this collection of information is 12 hours and $480.
    The collection of information has been approved by OMB under 
control number 1212-0030 through March 31, 2015. PBGC is requesting 
that OMB extend its approval for another 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.

    Issued in Washington, DC, this 3rd day of March 2015.
Judith Starr,
General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2015-05367 Filed 3-6-15; 8:45 am]
 BILLING CODE 7709-02-P

12526 Federal Register / Vol. 80, No. 45 / Monday, March 9, 2015 / Notices

NTSB Forum Manager: Rick Narvell— General Counsel (326–4400, ext. 3041), Issued in Washington, DC, this 3rd day of
rick.narvell@ntsb.gov. Office of the General Counsel, Pension March 2015.
Benefit Guaranty Corporation, 1200 K Judith Starr,
Candi R. Bing,
Street NW., Washington, DC 20005, General Counsel, Pension Benefit Guaranty
Executive Secretariat. Corporation.
202–326–4400 (TTY and TDD users may
[FR Doc. 2015–05410 Filed 3–6–15; 8:45 am] call the Federal relay service toll-free at [FR Doc. 2015–05367 Filed 3–6–15; 8:45 am]
BILLING CODE 7533–01–P 1–800–877–8339 and ask to be BILLING CODE 7709–02–P
connected to 202–326–4400.)

PENSION BENEFIT GUARANTY SUPPLEMENTARY INFORMATION: PBGC’s
regulations prescribe actuarial valuation SECURITIES AND EXCHANGE
CORPORATION
methods and assumptions (including COMMISSION
Submission of Information Collection interest rate assumptions) to be used in [Investment Company Act Release No.
for OMB Review; Comment Request; determining the actuarial present value 31492; 812–13819]
Survey of Nonparticipating Single of benefits under single-employer plans
Premium Group Annuity Rates that terminate (29 CFR part 4044) and Janus ETF Trust, et al.; Notice of
under multiemployer plans that Application
AGENCY: Pension Benefit Guaranty undergo a mass withdrawal of
Corporation. contributing employers (29 CFR part March 3, 2015.
ACTION: Notice of request for extension 4281). Each month PBGC publishes the AGENCY: Securities and Exchange
of OMB approval. interest rates to be used under those Commission (the ‘‘Commission’’).
SUMMARY: The Pension Benefit Guaranty regulations for plans terminating or ACTION: Notice of an application for an
Corporation (‘‘PBGC’’) is requesting that undergoing mass withdrawal during the order under section 6(c) of the
the Office of Management and Budget next month. Investment Company Act of 1940 (the
(‘‘OMB’’) extend approval, under the The interest rates are intended to ‘‘Act’’) for an exemption from sections
Paperwork Reduction Act, of a reflect current conditions in the annuity 2(a)(32), 5(a)(1), 22(d) and 22(e) of the
collection of information (OMB control markets. To determine these interest Act and rule 22c–1 under the Act, and
number 1212–0030; expires March 31, rates, PBGC gathers pricing data from under sections 6(c) and 17(b) of the Act
2015). This voluntary collection of insurance companies that are providing for an exemption from sections 17(a)(1)
information is a quarterly survey of annuity contracts to terminating and (2) of the Act, and under section
insurance company rates for pricing pension plans through a quarterly 12(d)(1)(J) for an exemption from
annuity contracts. The American ‘‘Survey of Nonparticipating Single sections 12(d)(1)(A) and (B) of the Act.
Council of Life Insurers conducts the Premium Group Annuity Rates.’’ The
Applicants: Janus ETF Trust (the
survey for PBGC. This notice informs American Council of Life Insurers
‘‘Trust’’), Janus Capital Management
the public of PBGC’s request and solicits distributes the survey and provides
LLC (the ‘‘Adviser’’) and Janus
public comment on the collection of PBGC with ‘‘blind’’ data (i.e., PBGC is
Distributors LLC (‘‘Janus Distributors’’).
information. unable to match responses with the
Summary of Application: Applicants
DATES: Comments should be submitted companies that submitted them). PBGC
request an order that permits: (a)
by April 8, 2015. also uses the information from the
Actively-managed series of the Trust to
survey in determining the interest rates
ADDRESSES: Comments should be sent to issue shares (‘‘Shares’’) redeemable in
it uses to value benefits payable to
the Office of Information and Regulatory large aggregations only (‘‘Creation
participants and beneficiaries in PBGC-
Affairs, Office of Management and Units’’); (b) secondary market
trusteed plans for purposes of PBGC’s
Budget, Attention: Desk Officer for transactions in Shares to occur at
financial statements.
Pension Benefit Guaranty Corporation, negotiated market prices; (c) certain
via electronic mail at OIRA_DOCKET@ The survey is directed at insurance series to pay redemption proceeds,
omb.eop.gov or by fax to (202) 395– companies that have volunteered to under certain circumstances, more than
6974. participate, most, or all, of which are seven days after the tender of Creation
A copy of the request (including the members of the American Council of Units for redemption; (d) certain
collection of information) will be posted Life Insurers. The survey is conducted affiliated persons of the series to deposit
at http://www.pbgc.gov/res/laws- quarterly and will be sent to securities into, and receive securities
andregulations/information- approximately 22 insurance companies. from, the series in connection with the
collectionsunder-omb-review.html. It Based on experience under the current purchase and redemption of Creation
may also be obtained without charge by approval, PBGC estimates that 6 Units; (e) certain registered management
writing to the Disclosure Division of the insurance companies will complete and investment companies and unit
Office of the General Counsel of PBGC return the survey. PBGC further investment trusts outside of the same
at the above address, visiting the estimates that the average annual group of investment companies as the
Disclosure Division, faxing a request to burden of this collection of information series to acquire Shares; and (f) certain
202–326–4042, or calling 202–326–4040 is 12 hours and $480. series to perform creations and
during normal business hours. (TTY and The collection of information has redemptions of Creation Units in-kind
TDD users may call the Federal relay been approved by OMB under control in a master-feeder structure.
service toll-free at 1–800–877–8339 and
mstockstill on DSK4VPTVN1PROD with NOTICES

number 1212–0030 through March 31, Filing Dates: The application was
ask to be connected to 202–326–4040.) 2015. PBGC is requesting that OMB filed on September 3, 2010, and
The Disclosure Division will email, fax, extend its approval for another three amended on March 25, 2011 and
or mail the information to you, as you years. An agency may not conduct or November 6, 2014.
request. sponsor, and a person is not required to Hearing or Notification of Hearing: An
FOR FURTHER INFORMATION CONTACT: Jo respond to, a collection of information order granting the requested relief will
Amato Burns, Attorney (326–4400, ext. unless it displays a currently valid OMB be issued unless the Commission orders
3072) or Catherine B. Klion, Assistant control number. a hearing. Interested persons may

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Document Created: 2015-12-18 12:05:24
Document Modified: 2015-12-18 12:05:24

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 request for extension of OMB approval.
Dates		Comments should be submitted by April 8, 2015.
Contact		Jo Amato Burns, Attorney (326-4400, ext. 3072) or Catherine B. Klion, Assistant General Counsel (326-4400, ext. 3041), Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005, 202-326-4400 (TTY and TDD users may call the Federal relay service toll-free at 1-800- 877-8339 and ask to be connected to 202-326-4400.)
FR Citation		80 FR 12526