82_FR_1383 82 FR 1380 - Sunshine Act: Notice of Public Meeting

82 FR 1380 - Sunshine Act: Notice of Public Meeting

RAILROAD RETIREMENT BOARD

Federal Register Volume 82, Issue 3 (January 5, 2017)

Page Range1380-1381
FR Document2017-00005

Federal Register, Volume 82 Issue 3 (Thursday, January 5, 2017) 
[Federal Register Volume 82, Number 3 (Thursday, January 5, 2017)]
[Notices]
[Pages 1380-1381]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-00005]


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RAILROAD RETIREMENT BOARD


Sunshine Act: Notice of Public Meeting

    Notice is hereby given that the Railroad Retirement Board will hold 
a meeting on January 18, 2017, 10:00 a.m. at the Board's meeting room 
on the 8th floor of its headquarters building, 844 North Rush Street, 
Chicago, Illinois 60611. The agenda for this meeting follows:
    Portion open to the public:
    (1) Executive Committee Reports.
    The person to contact for more information is Martha P. Rico, 
Secretary to the Board, Phone No. 312-751-4920.


[[Page 1381]]


    Dated: January 3, 2017.
Martha P. Rico,
Secretary to the Board.
[FR Doc. 2017-00005 Filed 1-3-17; 11:15 am]
 BILLING CODE 7905-01-P

1380 Federal Register / Vol. 82, No. 3 / Thursday, January 5, 2017 / Notices contributing employers, potential new relatively temporary phenomenon or withdrawal liability arrangement contributing employers, unions, and something that could be a lasting feature approval requests? PBGC? of plan risk management? Information Issues • In a two-pool withdrawal liability • Are there plans that considered allocation arrangement that permits adopting two-pool alternative • What is the quality of notices given existing employers to be treated as new withdrawal liability allocation to all employers and to all employee employers, what factors would a board arrangements but decided against it? If organizations by plans about the of trustees consider in determining so, why? adoption of an amendment to the plan whether to allow an existing employer • What is the role of collective to implement a two-pool method of to be treated as a new employer? bargaining in the creation and withdrawal liability allocation? What • In a two-pool withdrawal liability implementation of two-pool alternative type(s) of information would allocation arrangement that permits withdrawal liability arrangements? participants and beneficiaries find most existing employers to be treated as new • For a plan that has adopted a two- helpful? employers, how should discounted pool alternative withdrawal liability • What information should PBGC withdrawal liability settlements, or the arrangement that allows existing require to be submitted in a request for potential for such settlements, factor in employers to participate in the new PBGC approval of two-pool alternative PBGC’s significant risk analysis under pool, did the arrangement affect the withdrawal liability allocation methods? 29 CFR 4211.23(a)? plan’s ability to retain existing Are there ways to minimize burden on • In a two-pool withdrawal liability employers that otherwise would have plans and participating employers in allocation arrangement that includes withdrawn? Please provide examples to providing such information in an initial changes to a plan’s mass withdrawal the extent possible. application? liability allocation rules, how should • For a plan that has adopted a two- • What types of actuarial and such changes factor in PBGC’s pool alternative withdrawal liability administrative information and data do significant risk analysis under 29 CFR arrangement, did the arrangement affect multiemployer plans generally maintain 4211.23(a)? the plan’s ability to increase its that would allow PBGC to analyze the • Given that the terms for contribution base as a result? Please impact on the risk of loss to the plan participation in a new employer pool provide examples to the extent possible. and participants of settlement terms for may vary among plans, are there certain • For a plan that has adopted a two- mass withdrawal liability for employers terms and conditions of two-pool pool alternative withdrawal liability jumping to a new pool? Is there some withdrawal liability arrangements that arrangement, have there been any legal actuarial information, particularly cash raise particular issues of significant challenges related to any aspect of the flow information that is not readily risk? arrangement by employers, unions, or available? • How do plans evaluate any participants and beneficiaries. If so, Although PBGC is specifically tradeoffs between short-term benefits of please provide examples to the extent requesting comments on the issues and adoption of two-pool alternative possible. questions discussed above, PBGC also withdrawal liability arrangements (e.g., invites comment on any other issue PBGC Role relating to alternative withdrawal infusion of new capital, retention of employers) and long-term risks created • Would the public and stakeholders liability arrangements. PBGC’s thereby? find it useful to learn more from PBGC consideration of public comments is • What are the public’s views on about innovative means proposed by independent of, and without prejudice other interests that may be affected by some plans to balance the interests of all to, PBGC’s ongoing review and two-pool withdrawal liability allocation stakeholders and reduce the risk of loss? determination of any request for methods and special settlement terms For instance, some trustees require a approval of any alternative allocation that apply only to new-pool employers? commitment to remain in the plan in arrangement. Are there distinct interests among small exchange for withdrawal liability relief. Signed in Washington, DC. businesses, participants, large Also, in balancing stakeholder interests, W. Thomas Reeder, employers, and plans? Are there distinct trustees of some plans offer relief from Director, Pension Benefit Guaranty interests of orphan participants? reallocation liability but not Corporation. • How would widespread redetermination liability, or condition [FR Doc. 2016–31715 Filed 1–4–17; 8:45 am] implementation of two-pool alternative mass withdrawal liability relief on BILLING CODE 7709–02–P withdrawal liability arrangements remaining in the plan through plan impact the larger multiemployer insolvency. insurance system? • How can PBGC better identify the • Are there alternative arrangements interests of all stakeholders impacted by RAILROAD RETIREMENT BOARD for dealing with withdrawal liability two-pool alternative withdrawal concerns addressed by two-pool Sunshine Act: Notice of Public Meeting liability arrangements? alternative withdrawal liability • Should PBGC separately, or at least Notice is hereby given that the allocation methods that plans are formally as part of a request for approval Railroad Retirement Board will hold a considering that achieve the same goals of an alternative withdrawal liability meeting on January 18, 2017, 10:00 a.m. (including, in particular, alternatives to allocation method, approve proposed at the Board’s meeting room on the 8th providing mass withdrawal liability withdrawal liability payment terms and floor of its headquarters building, 844 mstockstill on DSK3G9T082PROD with NOTICES relief)? conditions? North Rush Street, Chicago, Illinois • What are the benefits to plans and 60611. The agenda for this meeting Plan Experience and Expected Future other stakeholders from PBGC approval Action follows: of two-pool alternative withdrawal Portion open to the public: • Should PBGC anticipate more plans liability arrangements? (1) Executive Committee Reports. contemplating adoption of two-pool • Is there a need for PBGC to more The person to contact for more alternative withdrawal liability widely communicate its process for information is Martha P. Rico, Secretary arrangements? If so, is this seen as a considering two-pool alternative to the Board, Phone No. 312–751–4920. VerDate Sep<11>2014 21:06 Jan 04, 2017 Jkt 241001 PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 E:\FR\FM\05JAN1.SGM 05JAN1

Federal Register / Vol. 82, No. 3 / Thursday, January 5, 2017 / Notices 1381 Dated: January 3, 2017. A. Self-Regulatory Organization’s day’s trading activity for all Nasdaq- Martha P. Rico, Statement of the Purpose of, and listed issues. Specifically, the report Secretary to the Board. Statutory Basis for, the Proposed Rule includes the following elements: [FR Doc. 2017–00005 Filed 1–3–17; 11:15 am] Change • Security Master Information: Issue BILLING CODE 7905–01–P 1. Purpose Name, Issue Symbol, Issue Type, Issue Class, Listing Market Tier, Total Shares The purpose of the proposed rule Outstanding, Public Float and Nasdaq change is to amend Rule 7022(d) to Index Membership. SECURITIES AND EXCHANGE increase the monthly fee for Nasdaq’s COMMISSION • Consolidated Market Statistics: Daily List and Fundamental Data report Daily High Price, Daily Low Price, Daily [Release No. 34–79701; File No. SR– from $1,500 to $1,750. The Daily List Last Sale Price, Daily Share Volume, 52 NASDAQ–2016–175] provides important corporate action Week High Price, 52 Week Low Price, data—including new listings, delistings, Year-To-Date Volume Self-Regulatory Organizations; The symbol and name changes, and NASDAQ Stock Market LLC; Notice of • Nasdaq Market Center Statistics: dividends—for the Nasdaq Stock Market Nasdaq Official Closing Price and Filing and Immediate Effectiveness of and the Mutual Fund Quotation Service Proposed Rule Change To Amend Rule Nasdaq Closing Bid/Ask Quotation (‘‘MFQS’’) to the trading and market Prices. 7022(d) data community. Specifically, the Daily Like the Daily List, Fundamental Data December 29, 2016. List is comprised of the following four files are available via secured Web site Pursuant to Section 19(b)(1) of the data sets: or secured file transfer protocol server. Securities Exchange Act of 1934 • Nasdaq Equity Data: Provides The information is provided on a T+1 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 advance notification of new listings, basis. notice is hereby given that on December delistings, corporate name changes, Current fees for the Daily List and 15, 2016, The NASDAQ Stock Market trading symbol changes, market tier Fundamental Data were established in LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) filed changes, and Financial Status Indicator 2013.4 Since that time, Nasdaq has with the Securities and Exchange changes that occur on all tiers of the implemented the enhancements to the Commission (‘‘SEC’’ or ‘‘Commission’’) Nasdaq Stock Market. • Mutual Fund Data: Provides Daily List product described above. the proposed rule change as described Additionally, in 2014 Nasdaq advance notification of new listings, in Items I, II, and III, below, which Items introduced several enhancements to the delistings, corporate name changes and have been prepared by the Exchange. MFQS portion of the Daily List product: fund identifier changes for mutual The Commission is publishing this A new ‘‘test Symbol Flag’’ field to funds, money market funds and unit notice to solicit comments on the clearly delineate MFQS test instruments investment trusts that report via MFQS. proposed rule change from interested from production instruments; a new • Dividends: Provides advance persons. notification of cash dividends, stock ‘‘Symbol Reuse Flag’’ to alert market I. Self-Regulatory Organization’s dividends, and stock splits for Nasdaq data vendors that a previously used Statement of the Terms of the Substance securities. MFQS symbol is being issued to a new of the Proposed Rule Change • Next Day Ex-Date: Summarizes the MFQS instrument; and a new securities with dividend adjustments to ‘‘Instrument Registration’’ field to The Exchange proposes to amend clearly identify the U.S. regulatory agent be applied to the previous closing price Rule 7022(d) to increase the monthly fee responsible for oversight of a given on the next business day. for Nasdaq’s Daily List and In addition, Nasdaq recently MFQS instrument. Accordingly, to the Fundamental Data report from $1,500 to enhanced the Daily List by adding (i) a extent that the proposed price increase $1,750. tick pilot indicator that provides exceeds the rate of overall inflation The text of the proposed rule change during the preceding four years, Nasdaq information about the status of each is available on the Exchange’s Web site believes that it is warranted in light of security under the Tick Size Pilot at http://nasdaq.cchwallstreet.com, at the increased value of the product to Program 3 and (ii) a flag to identify the principal office of the Exchange, and market participants. Moreover, as securities that are exchange-traded at the Commission’s Public Reference discussed below, Nasdaq believes that funds (‘‘ETFs’’) and exchange-traded Room. managed funds (‘‘ETMFs’’). the price of the product is constrained II. Self-Regulatory Organization’s Daily List files are available via by market forces, such that any increase Statement of the Purpose of, and secured Web site or secured file transfer in the price of the product that was not Statutory Basis for, the Proposed Rule protocol server and are posted and reasonable in light of the product’s Change updated intraday. The Daily List also value would be met with a competitive includes access to historical Daily List response. In its filing with the Commission, the data dating back to either 1998 or 1999 Exchange included statements 2. Statutory Basis (depending on the information). concerning the purpose of and basis for The Fundamental Data report The Exchange believes that its the proposed rule change and discussed provides a summary file of the prior proposal is consistent with Section 6(b) any comments it received on the of the Act,5 in general, and furthers the proposed rule change. The text of these 3 Order Approving the National Market System statements may be examined at the objectives of Sections 6(b)(4) and 6(b)(5) Plan to Implement a Tick Size Pilot Program by of the Act,6 in particular, in that it mstockstill on DSK3G9T082PROD with NOTICES places specified in Item IV below. The BATS Exchange, Inc., BATS Y-Exchange, Inc., Exchange has prepared summaries, set Chicago Stock Exchange, Inc., EDGA Exchange, provides for the equitable allocation of Inc., EDGX Exchange, Inc., Financial Industry reasonable dues, fees and other charges forth in sections A, B, and C below, of Regulatory Authority, Inc., NASDAQ OMX BX, Inc., the most significant aspects of such NASDAQ OMX PHLX LLC, The Nasdaq Stock 4 Securities Exchange Act Release No. 68636 statements. Market LLC, New York Stock Exchange LLC, NYSE MKT LLC, and NYSE Arca, Inc., as Modified by the (January 11, 2013), 78 FR 3940 (January 17, 2013) Commission, For a Two-Year Period, Securities (SR–NASDAQ–2013–009). 1 15 U.S.C. 78s(b)(1). 5 15 U.S.C. 78f(b). Exchange Act Release No. 74892 (May 6, 2015), 80 2 17 CFR 240.19b–4. FR 27514 (May 13, 2015) (File No. 4–657). 6 15 U.S.C. 78f(b)(4) and (5). VerDate Sep<11>2014 21:06 Jan 04, 2017 Jkt 241001 PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 E:\FR\FM\05JAN1.SGM 05JAN1


Document Created: 2018-02-01 14:51:08
Document Modified: 2018-02-01 14:51:08
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation82 FR 1380 
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