80 FR 16703 - Submission of Information Collections for OMB Review; Comment Request; Reportable Events; Notice of Failure To Make Required Contributions
PENSION BENEFIT GUARANTY CORPORATION Federal Register Volume 80, Issue 60 (March 30, 2015)
Federal Register Volume 80, Issue 60 (March 30, 2015)
| Page Range | 16703-16705 | |
| FR Document | 2015-07271 |
[Federal Register Volume 80, Number 60 (Monday, March 30, 2015)] [Notices] [Pages 16703-16705] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-07271] ======================================================================= ----------------------------------------------------------------------- PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collections for OMB Review; Comment Request; Reportable Events; Notice of Failure To Make Required Contributions AGENCY: Pension Benefit Guaranty Corporation. ACTION: Notice of request for OMB approval of revised collections of information. ----------------------------------------------------------------------- SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval (with modifications), under the Paperwork Reduction Act, of two collections of information under PBGC's regulation on Reportable Events and Certain Other Notification Requirements (OMB control numbers 1212-0013 and 1212-0041, expiring March 31, 2015). This notice informs the public of PBGC's request and solicits public comment on the revised collections of information. DATES: Comments must be submitted by April 29, 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: paperwork.comments@pbgc.gov. Fax: 202-326-4224. [[Page 16704]] Mail or Hand Delivery: Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026. Comments received, including personal information provided, will be posted to www.pbgc.gov. Copies of the collections of information and comments may be obtained without charge by writing to Disclosure Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026; visiting the Disclosure Division; faxing a request to 202-326-4042; or calling 202-326-4040 during normal business hours. (TTY/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 reportable events regulation, forms, and instructions are available at www.pbgc.gov. FOR FURTHER INFORMATION CONTACT: Daniel S. Liebman, Attorney (Liebman.Daniel@PBGC.gov), Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005- 4026; 202-326-4024. (TTY/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 4043 of the Employee Retirement Income Security Act of 1974 (ERISA) requires plan administrators and plan sponsors to report certain plan and employer events to PBGC. The reporting requirements give PBGC notice of events that indicate plan or employer financial problems. PBGC uses the information provided in determining what, if any, action it needs to take. For example, PBGC might need to institute proceedings to terminate a plan (placing it in trusteeship) under section 4042 of ERISA to ensure the continued payment of benefits to plan participants and their beneficiaries or to prevent unreasonable increases in PBGC's losses. Section 303(k) of ERISA and section 430(k) of the Internal Revenue Code of 1986 (Code) impose a lien in favor of an underfunded single- employer plan that is covered by the termination insurance program under title IV of ERISA if (1) any person fails to make a contribution payment when due, and (2) the unpaid balance of that payment (including interest), when added to the aggregate unpaid balance of all preceding payments for which payment was not made when due (including interest), exceeds $1 million. (For this purpose, a plan is underfunded if its funding target attainment percentage is less than 100 percent.) The lien is upon all property and rights to property belonging to the person or persons that are liable for required contributions (i.e., a contributing sponsor and each member of the controlled group of which that contributing sponsor is a member). Only PBGC (or, at its direction, the plan's contributing sponsor or a member of the same controlled group) may perfect and enforce this lien. ERISA and the Code require persons committing payment failures to notify PBGC within 10 days of the due date whenever there is a failure to make a required payment and the total of the unpaid balances (including interest) exceeds $1 million. The provisions of section 4043 of ERISA and of sections 303(k) of ERISA and 430(k) of the Code have been implemented in PBGC's regulation on Reportable Events and Certain Other Notification Requirements (29 CFR part 4043). Subparts B and C of the regulation deal with reportable events, and subpart D deals with failures to make required contributions. PBGC has issued Forms 10 and 10-Advance (10-A) and related instructions under subparts B and C (approved under OMB control number 1212-0013) \1\ and Form 200 and related instructions under subpart D (approved under OMB control number 1212-0041). OMB approval of both of these collections of information expires March 31, 2015. PBGC is requesting that OMB extend its approval for three years, with modifications. 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. --------------------------------------------------------------------------- \1\ Forms 10 and 10-A are optional and may provide for reduced initial information submissions. --------------------------------------------------------------------------- On April 3, 2013 (at 78 FR 20039), PBGC published a proposed rule that would revise its reportable events regulation. The 2013 proposal substituted a new system of waivers (safe harbors) to more effectively target troubled plans and reduce burden where possible without depriving PBGC of the information it needs to protect the pension insurance system. PBGC received 13 comment letters on the 2013 proposal. PBGC also held its first-ever regulatory public hearing, at which eight of the commenters discussed their comments. PBGC is developing a final rule, taking into account the comments and discussion at the public hearing. Because OMB approval of the current information collection will expire before the final rule is published, it is necessary for PBGC to request that OMB extend its approval. On January 23, 2015 (at 80 FR 3664), PBGC notified the public that it intended to submit revised forms and instructions to OMB for review. PBGC received no comments on the notice. PBGC intends to revise the current forms and instructions to: Require that additional supporting and identifying information be provided (e.g., separating filer's name from title, filer's email address, event date, notice due date, filing date, and why a filing is late, if applicable). Require more description of the pertinent facts relating to an event (e.g., reason for a late contribution) and on information being included or missing with filing. Add an information requirement included in the regulation to Forms 10 and 10-A (for change in contributing sponsor or controlled group event). Provide enhanced instructions on the type of actuarial information required to be submitted. Include a note in the Form 10-A instructions stating that PBGC typically asks for additional information (which will be specified) to be submitted within seven days (or sooner, in some cases). Remove information requirements that PBGC no longer needs or can gather from public sources. Require additional information for certain events (e.g., cumulative amounts missed for missed contribution events, actuarial information for liquidation events, additional loan documentation such as waivers and cross-defaults for loan default events). Require a signature and certification on Form 10 and Form 10-A as to the completeness and accuracy of the contents of the filing. PBGC is also intending to make conforming, clarifying, formatting, and editorial changes. PBGC estimates that it will receive 868 reportable event notices per year under subparts B and C of the reportable events regulation using Forms 10 and 10-A and that the average annual burden of this collection of information is 4,500 hours and approximately $214,470. PBGC estimates that it will receive 165 notices of failure to make required contributions per year under subpart D of the reportable events regulation using Form 200 and that the average annual burden of this collection of information is 990 hours and approximately $40,755. PBGC is soliciting public comments to-- evaluate whether the proposed collections of information are necessary for the proper performance of the functions of the agency, including [[Page 16705]] whether the information will have practical utility; evaluate the accuracy of the agency's estimate of the burden of the proposed collections of information, including the validity of the methodologies and assumptions used; enhance the quality, utility, and clarity of the information to be collected; and minimize the burden of the collections 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 March, 2015. Judith Starr, General Counsel, Pension Benefit Guaranty Corporation. [FR Doc. 2015-07271 Filed 3-27-15; 8:45 am] BILLING CODE 7709-02-P
![Federal Register / Vol. 80, No. 60 / Monday, March 30, 2015 / Notices 16703
Congress, James Madison Memorial ‘‘Public Notice of Receipt of an August 2007, 72 FR 49139; August 28,
Building, LM–403, 101 Independence Application,’’ please take notice that the 2007. Information about filing
Avenue SE., Washington, DC 20559– U.S. Nuclear Regulatory Commission electronically is available on the NRC’s
6000. Deliver to: Congressional Courier (NRC) has received the following public Web site at http://www.nrc.gov/
Acceptance Site, 2nd Street NE and D request for an export license. Copies of site-help/e-submittals.html. To ensure
Street NE., Washington, DC; or the request are available electronically timely electronic filing, at least five days
Hand delivery: Library of Congress, through the Agencywide Documents prior to the filing deadline, the
James Madison Memorial Building, LM– Access and Management System and petitioner/requestor should contact the
401, 101 Independence Avenue SE., can be accessed through the Public Office of the Secretary by email at
Washington, DC 20559–6000. Electronic Reading Room link http://
Participants should conform filed HEARINGDOCKET@NRC.GOV, or by
www.nrc.gov/reading-rm.html at the
electronic documents to the Judges’ calling (301) 415–1677, to request a
NRC Homepage.
Guidelines for Electronic Documents, A request for a hearing or petition for digital ID certificate and allow for the
available online at www.loc.gov/crb/ leave to intervene may be filed within creation of an electronic docket.
docs/Guidelinesfor_Electronic_ thirty days after publication of this In addition to a request for hearing or
Documents.pdf. notice in the Federal Register (FR). Any petition for leave to intervene, written
Dated: March 24, 2015. request for hearing or petition for leave comments, in accordance with 10 CFR
Suzanne M. Barnett, to intervene shall be served by the 110.81, should be submitted within
Chief Copyright Royalty Judges. requestor or petitioner upon the thirty days after publication of this
applicant, the Office of the General notice in the Federal Register to Office
[FR Doc. 2015–07107 Filed 3–27–15; 8:45 am]
Counsel, U.S. Nuclear Regulatory of the Secretary, U.S. Nuclear
BILLING CODE 1410–72–P
Commission, Washington, DC 20555; Regulatory Commission, Washington,
the Secretary, U.S. Nuclear Regulatory DC 20555, Attention: Rulemaking and
Commission, Washington, DC 20555; Adjudications.
NUCLEAR REGULATORY and the Executive Secretary, U.S.
COMMISSION Department of State, Washington, DC The information concerning this
20520. application for an export license
Application for a License to Export follows.
A request for a hearing or petition for
High-Enriched Uranium
leave to intervene may be filed with the
Pursuant to Title 10 of the Code of NRC electronically in accordance with
Federal Regulations (10 CFR) 110.70(b) NRC’s E-Filing rule promulgated in
NRC EXPORT LICENSE APPLICATION
[Description of material]
Name of applicant,
date of application,
date received, Material type Total quantity End use Destination
application No.,
docket No.
DOE/NNSA—Y–12 National High-Enriched Uranium 7.56 kilograms uranium-235 To fabricate and irradiate tar- Canada
Security Complex. (93.35%). contained in 8.1 kilograms gets for the production of
February 25, 2015 .................. uranium. medical isotopes in the
March 11, 2015 ...................... National Research Uni-
XSNM3761 ............................. versal reactor at Canadian
11006193 ................................ Nuclear Laboratories in
Canada.
For the U.S. Nuclear Regulatory PENSION BENEFIT GUARANTY information under PBGC’s regulation on
Commission. CORPORATION Reportable Events and Certain Other
Dated this 24th day of March 2015 at Notification Requirements (OMB control
Rockville, Maryland. Submission of Information Collections numbers 1212–0013 and 1212–0041,
David L. Skeen, for OMB Review; Comment Request; expiring March 31, 2015). This notice
Reportable Events; Notice of Failure informs the public of PBGC’s request
Deputy Director, Office of International
Programs.
To Make Required Contributions and solicits public comment on the
[FR Doc. 2015–07223 Filed 3–27–15; 8:45 am]
revised collections of information.
AGENCY: Pension Benefit Guaranty DATES: Comments must be submitted by
BILLING CODE 7590–01–P Corporation. April 29, 2015.
ACTION:Notice of request for OMB ADDRESSES: Comments may be
approval of revised collections of submitted by any of the following
mstockstill on DSK4VPTVN1PROD with NOTICES
information. methods:
• Federal eRulemaking Portal: http://
SUMMARY: The Pension Benefit Guaranty www.regulations.gov. Follow the Web
Corporation (PBGC) is requesting that site instructions for submitting
the Office of Management and Budget comments.
(OMB) extend approval (with • Email: paperwork.comments@
modifications), under the Paperwork pbgc.gov.
Reduction Act, of two collections of • Fax: 202–326–4224.
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![Federal Register / Vol. 80, No. 60 / Monday, March 30, 2015 / Notices 16705
whether the information will have Commission includes the estimated SECURITIES AND EXCHANGE
practical utility; burden of complying with the COMMISSION
• evaluate the accuracy of the information collection required by Rule
agency’s estimate of the burden of the 11a–2 in the total number of burden [Release No. 34–74572; File No. SR–
proposed collections of information, hours estimated for completing the NYSEARCA–2015–22]
including the validity of the relevant registration statements and
methodologies and assumptions used; reports the burden of Rule 11a–2 in the Self-Regulatory Organizations; NYSE
• enhance the quality, utility, and separate Paperwork Reduction Act Arca, Inc.; Notice of Filing and
clarity of the information to be
(‘‘PRA’’) submissions for those Immediate Effectiveness of Proposed
collected; and
• minimize the burden of the registration statements (see the separate Rule Change Extending the Pilot
collections of information on those who PRA submissions for Form N–3 (17 CFR Period for the Exchange’s Retail
are to respond, including through the 274.11b), Form N–4 (17 CFR 274.11c) Liquidity Until September 30, 2015
use of appropriate automated, and Form N–6 (17 CFR 274.11d). The
March 24, 2015.
electronic, mechanical, or other Commission is requesting a burden of
technological collection techniques or one hour for Rule 11a–2 for Pursuant to Section 19(b)(1) of the
other forms of information technology, administrative purposes. Securities Exchange Act of 1934 (the
e.g., permitting electronic submission of The estimate of average burden hours ‘‘Act’’),1 and Rule 19b–4 thereunder,2
responses. is made solely for the purposes of the notice is hereby given that on March 20,
Issued in Washington, DC, this 24th day of PRA, and is not derived from a 2015, NYSE Arca, Inc. (the ‘‘Exchange’’
March, 2015. comprehensive or even a representative or ‘‘NYSE Arca’’) filed with the
Judith Starr, survey or study of the costs of Securities and Exchange Commission
General Counsel, Pension Benefit Guaranty Commission rules or forms. With regard (the ‘‘Commission’’) a proposed rule
Corporation. to Rule 11a–2, the Commission includes change as described in Items I and II
[FR Doc. 2015–07271 Filed 3–27–15; 8:45 am] the estimate of burden hours in the total below, which Items have been prepared
BILLING CODE 7709–02–P number of burden hours estimated for by the Exchange. The Commission is
completing the relevant registration publishing this notice to solicit
statements and reported on the separate comments on the proposed rule change
SECURITIES AND EXCHANGE PRA submissions for those statements from interested persons.
COMMISSION (see the separate PRA submissions for I. Self-Regulatory Organization’s
[SEC File No. 270–267, OMB Control No. Form N–3, Form N–4 and Form N–6). Statement of the Terms of Substance of
3235–0272] The information collection the Proposed Rule Change
requirements imposed by Rule 11a–2
Submission for OMB Review; The Exchange proposes to extend the
are mandatory. Responses to the
Comment Request pilot period for the Exchange’s Retail
collection of information will not be
Upon Written Request, Copies Available kept confidential. An agency may not Liquidity Program (the ‘‘Retail Liquidity
From: Securities and Exchange conduct or sponsor, and a person is not Program’’ or the ‘‘Program’’), which is
Commission, Office of FOIA Services, required to respond to, a collection of currently scheduled to expire on April
100 F Street NE., Washington, DC information unless it displays a 14, 2015, until September 30, 2015. The
20549–2736. currently valid control number. text of the proposed rule change is
Extension:
available on the Exchange’s Web site at
The public may view the background www.nyse.com, at the principal office of
Rule 11a–2.
documentation for this information the Exchange, and at the Commission’s
Notice is hereby given that, pursuant collection at the following Web site, Public Reference Room.
to the Paperwork Reduction Act of 1995 www.reginfo.gov. Comments should be
(44 U.S.C. 3501 et seq.), the Securities directed to: (i) Desk Officer for the II. Self-Regulatory Organization’s
and Exchange Commission (the Securities and Exchange Commission, Statement of the Purpose of, and
‘‘Commission’’) has submitted to the Office of Information and Regulatory Statutory Basis for, the Proposed Rule
Office of Management and Budget a Affairs, Office of Management and Change
request for extension of the previously Budget, Room 10102, New Executive
approved collection of information In its filing with the Commission, the
Office Building, Washington, DC 20503,
discussed below. self-regulatory organization included
or by sending an email to: Shagufta_
Rule 11a–2 (17 CFR 270.11a–2) under statements concerning the purpose of,
the Investment Company Act of 1940 Ahmed@omb.eop.gov; and (ii) Pamela
and basis for, the proposed rule change
(15 U.S.C. 80a–1 et seq.) permits certain Dyson, Director/Chief Information
and discussed any comments it received
registered insurance company separate Officer, Securities and Exchange
on the proposed rule change. The text
accounts, subject to certain conditions, Commission, c/o Remi Pavlik-Simon,
of those statements may be examined at
to make exchange offers without prior 100 F Street NE., Washington, DC 20549
the places specified in Item IV below.
approval by the Commission of the or send an email to: PRA_Mailbox@
The Exchange has prepared summaries,
terms of those offers. Rule 11a–2 sec.gov. Comments must be submitted to
set forth in sections A, B, and C below,
OMB within 30 days of this notice.
mstockstill on DSK4VPTVN1PROD with NOTICES
requires disclosure, in certain of the most significant parts of such
registration statements filed pursuant to Dated: March 24, 2015. statements.
the Securities Act of 1933 (15 U.S.C. 77a Brent J. Fields,
et seq.) of any administrative fee or sales
Secretary.
load imposed in connection with an
exchange offer. [FR Doc. 2015–07129 Filed 3–27–15; 8:45 am]
There are currently 652 registrants BILLING CODE 8011–01–P 1 15 U.S.C. 78s(b)(1).
governed by Rule 11a–2. The 2 17 CFR 240.19b–4.
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Document Created: 2015-12-18 11:32:09
Document Modified: 2015-12-18 11:32:09
| 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 OMB approval of revised collections of information. | |
| Dates | Comments must be submitted by April 29, 2015. | |
| Contact | Daniel S. Liebman, Attorney ([email protected]), Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005- 4026; 202-326-4024. (TTY/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 16703 |
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