82 FR 10916 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemption 1992-6: Sale of Individual Life Insurance or Annuity Contracts by a Plan
DEPARTMENT OF LABOR
Office of the Secretary Federal Register Volume 82, Issue 31 (February 16, 2017)
Office of the Secretary
Federal Register Volume 82, Issue 31 (February 16, 2017)
| Page Range | 10916-10917 | |
| FR Document | 2017-03088 |
[Federal Register Volume 82, Number 31 (Thursday, February 16, 2017)] [Notices] [Pages 10916-10917] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-03088] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF LABOR Office of the Secretary Agency Information Collection Activities; Submission for OMB Review; Comment Request; Prohibited Transaction Class Exemption 1992-6: Sale of Individual Life Insurance or Annuity Contracts by a Plan ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Department of Labor (DOL) is submitting the Employee benefits Security Administration (EBSA) sponsored information collection request (ICR) titled, ``Prohibited Transaction Class Exemption 1992-6: Sale of Individual Life Insurance or Annuity Contracts by a Plan,'' to the Office of Management and Budget (OMB) for review and approval for continued use, without change, in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited. DATES: The OMB will consider all written comments that agency receives on or before March 20, 2017. ADDRESSES: A copy of this ICR with applicable supporting documentation; including a description of the likely respondents, proposed frequency of response, and estimated total burden may be obtained free of charge from the RegInfo.gov Web site at http://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201701-1210-002 (this link will only become active on the day following publication of this notice) or by contacting Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064 (these are not toll-free numbers) or by email at DOL_PRA_PUBLIC@dol.gov. Submit comments about this request by mail or courier to the Office of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL- EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW., Washington, DC 20503; by Fax: 202-395-5806 (this is not a toll-free number); or by email: OIRA_submission@omb.eop.gov. Commenters are encouraged, but not required, to send a courtesy copy of any comments by mail or courier to the U.S. Department of Labor-OASAM, Office of the Chief Information Officer, Attn: Departmental Information Compliance Management Program, Room N1301, 200 Constitution Avenue NW., Washington, DC 20210; or by email: DOL_PRA_PUBLIC@dol.gov. FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693- 4129, TTY 202-693-8064 (these are not toll-free numbers) or by email at DOL_PRA_PUBLIC@dol.gov. Authority: 44 U.S.C. 3507(a)(1)(D). SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for the information collection requirements contained in the Prohibited Transaction Class Exemption (PTE) applicable to the sale of individual life insurance or annuity contracts by a plan (PTE 1992-6). More specifically, PTE 1992-6 exempts from the prohibited transaction restrictions of the Employee Retirement Income Security Act (ERISA), 29 U.S.C. 1101 et seq., the sale of individual life insurance or annuity contracts by a plan to participants, relatives of participants, employers any of whose employees are covered by the plan, other employee benefit plans, owner-employees or shareholder-employees; provided, certain conditions are met. In the absence of this exemption, certain aspects of these transactions might be prohibited by ERISA section 406. Among other conditions, PTE 1992-6 requires that a pension plan inform the insured participant of a proposed sale of a life insurance or annuity policy to the employer, a relative, another plan, an owner-employee, or a shareholder-employee. ERISA section 408(a) authorizes this information collection. See 29 U.S.C. 1108(a). This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless it is approved by the OMB under the PRA and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information that does not display a valid Control Number. See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this information collection under Control Number 1210-0063. OMB authorization for an ICR cannot be for more than three (3) years without renewal, and the current approval for this collection is scheduled to expire on February 28, 2017. The DOL seeks to extend PRA authorization for this information collection for three (3) more years, without any change to existing requirements. The DOL notes that existing information collection requirements submitted to the OMB receive a month-to-month extension while they undergo review. For additional substantive information about this ICR, see the related notice [[Page 10917]] published in the Federal Register on October 28, 2016 (81 FR 75157). Interested parties are encouraged to send comments to the OMB, Office of Information and Regulatory Affairs at the address shown in the ADDRESSES section within thirty (30) days of publication of this notice in the Federal Register. In order to help ensure appropriate consideration, comments should mention OMB Control Number 1210-0063. The OMB is particularly interested in comments that: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 methodology and assumptions used; 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. Agency: DOL-EBSA. Title of Collection: Prohibited Transaction Class Exemption 1992-6: Sale of Individual Life Insurance or Annuity Contracts by a Plan. OMB Control Number: 1210-0063. Affected Public: Private Sector--businesses or other for-profits. Total Estimated Number of Respondents: 10,877. Total Estimated Number of Responses: 10,877. Total Estimated Annual Time Burden: 2,175 hours. Total Estimated Annual Other Costs Burden: $5,656. Dated: February 9, 2017. Michel Smyth, Departmental Clearance Officer. [FR Doc. 2017-03088 Filed 2-15-17; 8:45 am] BILLING CODE 4510-29-P
![10916 Federal Register / Vol. 82, No. 31 / Thursday, February 16, 2017 / Notices
ancillary reduction in particulate matter DEPARTMENT OF LABOR toll-free numbers) or by email at DOL_
emissions. PRA_PUBLIC@dol.gov.
The parties to the Consent Decree Office of the Secretary Authority: 44 U.S.C. 3507(a)(1)(D).
have agreed to certain modifications to
the Decree that reflect a more refined Agency Information Collection SUPPLEMENTARY INFORMATION: This ICR
understanding of the ancillary Activities; Submission for OMB seeks to extend PRA authority for the
particulate matter reductions expected Review; Comment Request; Prohibited information collection requirements
from the sulfur dioxide controls, and Transaction Class Exemption 1992–6: contained in the Prohibited Transaction
associated scheduling delays. The Sale of Individual Life Insurance or Class Exemption (PTE) applicable to the
modifications would extend the Annuity Contracts by a Plan sale of individual life insurance or
deadlines for installing controls by six- annuity contracts by a plan (PTE 1992–
ACTION: Notice. 6). More specifically, PTE 1992–6
and-a-half months at the Canal facility
and by nine months at the Ville Platte SUMMARY: The Department of Labor exempts from the prohibited transaction
facility, and would establish a process (DOL) is submitting the Employee restrictions of the Employee Retirement
for Cabot to petition EPA for an benefits Security Administration (EBSA) Income Security Act (ERISA), 29 U.S.C.
alternative particulate matter limit to sponsored information collection 1101 et seq., the sale of individual life
reflect the ancillary particulate request (ICR) titled, ‘‘Prohibited insurance or annuity contracts by a plan
reductions expected from the sulfur Transaction Class Exemption 1992–6: to participants, relatives of participants,
dioxide controls. Sale of Individual Life Insurance or employers any of whose employees are
The publication of this notice opens Annuity Contracts by a Plan,’’ to the covered by the plan, other employee
a period for public comment on the Office of Management and Budget benefit plans, owner-employees or
proposed modifications to the Consent (OMB) for review and approval for shareholder-employees; provided,
Decree. Comments should be addressed continued use, without change, in certain conditions are met. In the
to the Assistant Attorney General, accordance with the Paperwork absence of this exemption, certain
Environment and Natural Resources Reduction Act of 1995 (PRA). Public aspects of these transactions might be
Division, and should refer to United comments on the ICR are invited. prohibited by ERISA section 406.
States and the Louisiana Department of DATES: The OMB will consider all Among other conditions, PTE 1992–6
Environmental Quality v. Cabot written comments that agency receives requires that a pension plan inform the
Corporation, Civil Case No. 13–3095 on or before March 20, 2017. insured participant of a proposed sale of
(W.D. La.), D.J. Ref. No. 90–5–2–1– ADDRESSES: A copy of this ICR with
a life insurance or annuity policy to the
10355. All comments must be submitted applicable supporting documentation; employer, a relative, another plan, an
no later than thirty (30) days after the including a description of the likely owner-employee, or a shareholder-
publication date of this notice. respondents, proposed frequency of employee. ERISA section 408(a)
Comments may be submitted either by response, and estimated total burden authorizes this information collection.
email or by mail: may be obtained free of charge from the See 29 U.S.C. 1108(a).
RegInfo.gov Web site at http:// This information collection is subject
To submit to the PRA. A Federal agency generally
comments: Send them to: www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201701-1210-002 cannot conduct or sponsor a collection
By e-mail ...... pubcomment-ees.enrd@ (this link will only become active on the of information, and the public is
usdoj.gov. day following publication of this notice) generally not required to respond to an
By mail ......... Assistant Attorney General, or by contacting Michel Smyth by information collection, unless it is
U.S. DOJ–ENRD, P.O. Box telephone at 202–693–4129, TTY 202– approved by the OMB under the PRA
7611, Washington, DC 693–8064 (these are not toll-free and displays a currently valid OMB
20044–7611. numbers) or by email at DOL_PRA_ Control Number. In addition,
PUBLIC@dol.gov. notwithstanding any other provisions of
During the public comment period, Submit comments about this request law, no person shall generally be subject
the proposed modifications to the by mail or courier to the Office of to penalty for failing to comply with a
Consent Decree may be examined and Information and Regulatory Affairs, collection of information that does not
downloaded at this Justice Department Attn: OMB Desk Officer for DOL–EBSA, display a valid Control Number. See 5
Web site: https://www.justice.gov/enrd/ Office of Management and Budget, CFR 1320.5(a) and 1320.6. The DOL
consent-decrees. We will provide a Room 10235, 725 17th Street NW., obtains OMB approval for this
paper copy of the proposed Washington, DC 20503; by Fax: 202– information collection under Control
modifications upon written request and 395–5806 (this is not a toll-free Number 1210–0063.
payment of reproduction costs. Please number); or by email: OIRA_
mail your request and payment to: OMB authorization for an ICR cannot
submission@omb.eop.gov. Commenters be for more than three (3) years without
Consent Decree Library, U.S. DOJ– are encouraged, but not required, to
ENRD, P.O. Box 7611, Washington, DC renewal, and the current approval for
send a courtesy copy of any comments this collection is scheduled to expire on
20044–7611. by mail or courier to the U.S.
Please enclose a check or money order February 28, 2017. The DOL seeks to
Department of Labor-OASAM, Office of extend PRA authorization for this
for $4.00 (25 cents per page
the Chief Information Officer, Attn: information collection for three (3) more
asabaliauskas on DSK3SPTVN1PROD with NOTICES
reproduction cost) payable to the United
Departmental Information Compliance years, without any change to existing
States Treasury.
Management Program, Room N1301, requirements. The DOL notes that
Thomas P. Carroll, 200 Constitution Avenue NW., existing information collection
Assistant Section Chief, Environmental Washington, DC 20210; or by email: requirements submitted to the OMB
Enforcement Section, Environment and DOL_PRA_PUBLIC@dol.gov. receive a month-to-month extension
Natural Resources Division. FOR FURTHER INFORMATION CONTACT: while they undergo review. For
[FR Doc. 2017–03134 Filed 2–15–17; 8:45 am] Michel Smyth by telephone at 202–693– additional substantive information
BILLING CODE 4410–15–P 4129, TTY 202–693–8064 (these are not about this ICR, see the related notice
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![Federal Register / Vol. 82, No. 31 / Thursday, February 16, 2017 / Notices 10917
published in the Federal Register on Foundation (NSF) announces the affiliation. Visitors must report to the
October 28, 2016 (81 FR 75157). following meeting: NSF visitor’s desk in the lobby of the
Interested parties are encouraged to Name: Advisory Committee for 9th and N. Stuart Street entrance to
send comments to the OMB, Office of Environmental Research and Education receive a visitor’s badge. Due to recent
Information and Regulatory Affairs at (#9487). security changes, visitors should allot
the address shown in the ADDRESSES Date/Time: March 29, 2017; 9:00 some extra time for the entrance
section within thirty (30) days of a.m.–5:30 p.m., March 30, 2017; 9:00 process.
publication of this notice in the Federal a.m.–3:00 p.m. WEBCAST INFORMATION: Public meetings
Register. In order to help ensure Place: National Science Foundation, and public portions of meetings will be
appropriate consideration, comments 4201 Wilson Blvd., Arlington, VA webcast. To view the meetings, go to
should mention OMB Control Number 22230. http://www.tvworldwide.com/events/
1210–0063. The OMB is particularly Type of Meeting: Open. nsf/170221 and follow the instructions.
interested in comments that: Contact Person: Dr. Stephen UPDATES: Please refer to the NSB Web
• Evaluate whether the proposed Meacham, Senior Staff Associate, Office site for additional information. Meeting
collection of information is necessary of Integrative Activities/Office of information and schedule updates (time,
for the proper performance of the Director/National Science Foundation, place, subject matter, and status of
functions of the agency, including 4201 Wilson Blvd., Arlington, VA meeting) may be found at http://
whether the information will have 22230; (Email: smeacham@nsf.gov, www.nsf.gov/nsb/meetings/notices.jsp.
practical utility; Telephone: (703) 292–8040). NOTICE RE MEETING TIME FLEXIBILITY: The
• Evaluate the accuracy of the Minutes: May be obtained from http:// NSB is conducting a pilot project to
agency’s estimate of the burden of the www.nsf.gov/ere/ereweb/minutes.jsp. provide some flexibility around meeting
proposed collection of information, Purpose of Meeting: To provide times during the February 2017
including the validity of the advice, recommendations, and oversight meetings. After the first meeting of each
methodology and assumptions used; concerning support for environmental day, actual meeting start and end times
• Enhance the quality, utility, and research and education. will be allowed to vary by as much as
clarity of the information to be Agenda: (Tentative) Approval of (but no more than) 15 minutes in either
collected; and minutes from past meetings. Updates on direction. As an example, if a 10:00
• Minimize the burden of the agency support for environmental meeting finishes at 10:45, the meeting
collection of information on those who research and activities. Discussion with scheduled to begin at 11:00 may begin
are to respond, including through the NSF Director and Assistant Directors. at 10:45 instead. Similarly, the 10:00
use of appropriate automated, Discussion of emerging research topics meeting may be allowed to run over by
electronic, mechanical, or other in environmental science, engineering as much as 15 minutes if the meeting
technological collection techniques or and education. An updated agenda will chair decides the extra time is
other forms of information technology, be available at http://www.nsf.gov/ere/ warranted. The next meeting will start
e.g., permitting electronic submission of ereweb/minutes.jsp approximately one no later than 11:15. No meeting will
responses. week before the start of the meeting. start more than 15 minutes away from
Agency: DOL–EBSA. Dated: February 13, 2017. its originally scheduled start.
Title of Collection: Prohibited Crystal Robinson,
NSB is implementing this pilot to
Transaction Class Exemption 1992–6: improve the quality of NSB and
Committee Management Officer.
Sale of Individual Life Insurance or committee discussions, and to make
[FR Doc. 2017–03149 Filed 2–15–17; 8:45 am]
Annuity Contracts by a Plan. more effective and efficient use of NSB
BILLING CODE 7555–01–P members’ limited in-person meeting
OMB Control Number: 1210–0063.
Affected Public: Private Sector— time. In prior meetings, the NSB has
businesses or other for-profits. experienced unusable time after short
NATIONAL SCIENCE FOUNDATION meetings, and has rushed the discussion
Total Estimated Number of
Respondents: 10,877. Sunshine Act Meetings; National of important matters to meet the clock.
Total Estimated Number of After the meeting day has begun,
Science Board
Responses: 10,877. please arrive at the NSB boardroom or
Total Estimated Annual Time Burden: The National Science Board (NSB), check the webcast 15 minutes before the
2,175 hours. pursuant to NSF regulations (45 CFR scheduled start time of the meeting you
Total Estimated Annual Other Costs part 614), the National Science wish to observe. Members of the public
Burden: $5,656. Foundation Act, as amended, (42 U.S.C. are invited to provide feedback on the
1862n–5), and the Government in the scheduling flexibility pilot. Contact:
Dated: February 9, 2017.
Sunshine Act (5 U.S.C. 552b), hereby nationalsciencebrd@nsf.gov.
Michel Smyth,
gives notice of the scheduling of AGENCY CONTACT: Brad Guttierez,
Departmental Clearance Officer. meetings for the transaction of NSB bgutierr@nsf.gov, 703–292–7000.
[FR Doc. 2017–03088 Filed 2–15–17; 8:45 am] business as follows: PUBLIC AFFAIRS CONTACT: Nadine Lymn,
BILLING CODE 4510–29–P nlymn@nsf.gov, 703–292–2490.
DATE AND TIME: February 21, 2017 from
8:00 a.m. to 5:20 p.m., and February 22, STATUS: Portions open; portions closed.
2017 from 8:15 a.m. to 2:20 p.m. EST.
asabaliauskas on DSK3SPTVN1PROD with NOTICES
NATIONAL SCIENCE FOUNDATION Open Sessions
PLACE: These meetings will be held at
the NSF headquarters, 4201 Wilson February 21, 2017
Advisory Committee for Environmental
Research and Education; Notice of Blvd., Room 1235, Arlington, VA 22230. 8:00–8:30 a.m. Plenary introduction,
Meeting All visitors must contact the Board NSB Chair and NSF Director Remarks
Office (call 703–292–7000 or send an 8:30–10:35 a.m. Committee on Awards
In accordance with the Federal email to nationalsciencebrd@nsf.gov) at and Facilities (A&F)
Advisory Committee Act (Pub. L. 92– least 24 hours prior to the meeting and 10:50–11:50 a.m. Committee on
463, as amended), the National Science provide your name and organizational External Engagement (EE)
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Document Created: 2018-02-01 15:02:20
Document Modified: 2018-02-01 15:02:20
| 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. | |
| Dates | The OMB will consider all written comments that agency receives on or before March 20, 2017. | |
| Contact | Michel Smyth by telephone at 202-693- 4129, TTY 202-693-8064 (these are not toll-free numbers) or by email at [email protected] | |
| FR Citation | 82 FR 10916 |
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