82 FR 42366 - Proposed Submission of Information Collection for OMB Review; Comment Request; Disclosure of Termination Information
PENSION BENEFIT GUARANTY CORPORATION Federal Register Volume 82, Issue 172 (September 7, 2017)
Federal Register Volume 82, Issue 172 (September 7, 2017)
| Page Range | 42366-42367 | |
| FR Document | 2017-19011 |
[Federal Register Volume 82, Number 172 (Thursday, September 7, 2017)] [Notices] [Pages 42366-42367] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-19011] ======================================================================= ----------------------------------------------------------------------- PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Disclosure of Termination Information AGENCY: Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request extension of OMB approval. ----------------------------------------------------------------------- SUMMARY: 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 a collection of information on the disclosure of termination information under its regulations for distress terminations, and for PBGC-initiated terminations. This notice informs the public of PBGC's intent and solicits public comment on the collection of information. DATES: Comments should be submitted by November 6, 2017. 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]. Mail or Hand Delivery: Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026. Comments received will be posted to www.pbgc.gov. Copies of the collection of information may 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 regulations and instructions relating to this collection of information are available on PBGC's Web site at www.pbgc.gov. FOR FURTHER INFORMATION CONTACT: Jo Amato Burns ([email protected]), Attorney, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005, 202-326-4400, ext. 3072. TTY and TDD users may call the Federal relay service toll-free at 800-877-8339 and ask to be connected to 202- 326-4400. SUPPLEMENTARY INFORMATION: Sections 4041 and 4042 of the Employee Retirement Income Security Act of 1974 (ERISA) govern the termination of single-employer defined benefit pension plans that are subject to Title IV of ERISA. A plan administrator may initiate a distress termination pursuant to section 4041(c), and PBGC may itself initiate proceedings to terminate a pension plan under section 4042 if PBGC determines that certain conditions are present. Section 506 of the Pension Protection Act of 2006 amended sections 4041 and 4042 of ERISA. These amendments require that, upon a request by an affected party, a plan administrator must disclose information it has submitted to PBGC in connection with a distress termination filing, and that a plan administrator or plan sponsor must disclose information it has submitted to PBGC in connection [[Page 42367]] with a PBGC-initiated termination. The provisions also require PBGC to disclose the administrative record relating to a PBGC-initiated termination upon request by an affected party. Based on information for calendar years 2014-2016, PBGC estimates that approximately 75 plans will terminate as distress or PBGC- initiated terminations each year. A survey conducted by PBGC of nine plans found that two of the nine plans surveyed received requests for termination information. Based on the foregoing, PBGC estimates that two participants or other affected parties of every nine distress terminations or PBGC-initiated terminations filed will annually make requests for termination information, or \2/9\ of 75 (approximately 17 per year). Based on information derived from the survey of nine plans, PBGC estimates that the hourly burden and cost for each request will be about 20 hours and $400. The total annual burden is estimated to be 340 hours (17 plans * 20 hours) and $6,800 (17 plans * $400). PBGC is soliciting public comments to-- Evaluate whether the 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 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 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, by: Daniel S. Liebman, Acting Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2017-19011 Filed 9-6-17; 8:45 am] BILLING CODE 7709-02-P
![42366 Federal Register / Vol. 82, No. 172 / Thursday, September 7, 2017 / Notices
finance with other capital, including Frequency of Use: Once per investor. solicits public comment on the
philanthropic, socially responsible and Type of Respondents: Foundations, collection of information.
impact investment, to enable effective non-profit entities; investment fund DATES: Comments should be submitted
deployment of that capital towards managers, investment companies; US by November 6, 2017.
projects in the countries and sectors in Government Agencies. ADDRESSES: Comments may be
which OPIC works. Standard Industrial Classification submitted by any of the following
Dated: September 1, 2017. Codes: All. methods:
Nichole Skoyles,
Description of Affected Public: U.S. • Federal eRulemaking Portal: http://
companies interested in making www.regulations.gov. Follow the Web
Administrative Counsel, Administrative
Affairs, Department of Legal Affairs.
investments in companies investing site instructions for submitting
overseas. comments.
[FR Doc. 2017–18968 Filed 9–6–17; 8:45 am]
Reporting Hours: 16.5 hours (.33 • Email: paperwork.comments@
BILLING CODE P
hours per investor). pbgc.gov.
Number of Responses: 50 per year. • Mail or Hand Delivery: Regulatory
OVERSEAS PRIVATE INVESTMENT Federal Cost: $0. Affairs Division, Office of the General
CORPORATION Authority for Information Collection: Counsel, Pension Benefit Guaranty
Sections 231 and 239(d) of the Foreign Corporation, 1200 K Street NW.,
Submission for OMB Review Assistance Act of 1961, as amended. Washington, DC 20005–4026.
Abstract (Needs and Uses): The Comments received will be posted to
AGENCY: Overseas Private Investment Aligned Capital Investor Screener is a www.pbgc.gov.
Corporation (OPIC). document used to screen potential Copies of the collection of
ACTION: Notice and request for investors interested in participating in information may be obtained without
comments. OPIC’s Aligned Capital Program and, if charge by writing to the Disclosure
they qualify, to place their information Division of the Office of the General
SUMMARY: Under the provisions of the into the program. The Aligned Capital Counsel of PBGC at the above address,
Paperwork Reduction Act (44 U.S.C. Program is a pilot program that OPIC visiting the Disclosure Division, faxing
Chapter 35), agencies are required to has designed to align development a request to 202–326–4042, or calling
publish a Notice in the Federal Register finance with other capital, including 202–326–4040 during normal business
notifying the public that the agency has philanthropic, socially responsible and hours. (TTY and TDD users may call the
prepared an information collection for impact investment, to enable effective Federal relay service toll-free at 1–800–
OMB review and approval and has deployment of that capital towards 877–8339 and ask to be connected to
requested public review and comment projects in the countries and sectors in 202–326–4040.) The regulations and
on the submission. Comments are being which OPIC works. In order to instructions relating to this collection of
solicited on the need for the participate, investors must be U.S. information are available on PBGC’s
information; the accuracy of the entities and meet the additional Web site at www.pbgc.gov.
Agency’s burden estimate; the quality, specified criteria. FOR FURTHER INFORMATION CONTACT: Jo
practical utility, and clarity of the Amato Burns (burns.jo.amato@
information to be collected; and ways to Dated: September 1, 2017.
Nichole Skoyles, pbgc.gov), Attorney, Office of the
minimize reporting the burden, General Counsel, Pension Benefit
including automated collected Administrative Counsel, Administrative
Affairs, Department of Legal Affairs. Guaranty Corporation, 1200 K Street
techniques and uses of other forms of NW., Washington, DC 20005, 202–326–
technology. [FR Doc. 2017–18969 Filed 9–6–17; 8:45 am]
4400, ext. 3072. TTY and TDD users
Minor revisions are being made to BILLING CODE 3420–34–P
may call the Federal relay service toll-
improve the clarity of the questions and
free at 800–877–8339 and ask to be
to allow the optional submission of
connected to 202–326–4400.
additional information. PENSION BENEFIT GUARANTY SUPPLEMENTARY INFORMATION: Sections
DATES: Comments must be received CORPORATION 4041 and 4042 of the Employee
within 60 calendar-days of publication
Retirement Income Security Act of 1974
of this Notice. Proposed Submission of Information
(ERISA) govern the termination of
ADDRESSES: Direct comments and Collection for OMB Review; Comment
single-employer defined benefit pension
requests for copies of the subject form Request; Disclosure of Termination
plans that are subject to Title IV of
to the Agency Submitting Officer: James Information
ERISA. A plan administrator may
Bobbitt, Records Manager, Overseas AGENCY: Pension Benefit Guaranty initiate a distress termination pursuant
Private Investment Corporation, 1100 Corporation. to section 4041(c), and PBGC may itself
New York Avenue NW., Washington, initiate proceedings to terminate a
ACTION: Notice of intent to request
DC 20527. pension plan under section 4042 if
extension of OMB approval.
FOR FURTHER INFORMATION CONTACT: PBGC determines that certain
Agency Submitting Officer: James SUMMARY: Pension Benefit Guaranty conditions are present. Section 506 of
Bobbitt, Records Manager, (202) 336– Corporation (‘‘PBGC’’) intends to the Pension Protection Act of 2006
8558. request that the Office of Management amended sections 4041 and 4042 of
and Budget (‘‘OMB’’) extend approval, ERISA. These amendments require that,
mstockstill on DSK30JT082PROD with NOTICES
SUPPLEMENTARY INFORMATION:
under the Paperwork Reduction Act of upon a request by an affected party, a
Summary Form Under Review 1995, of a collection of information on plan administrator must disclose
Type of Request: Revision of currently the disclosure of termination information it has submitted to PBGC in
approved information collection. information under its regulations for connection with a distress termination
Title: Aligned Capital Investor distress terminations, and for PBGC- filing, and that a plan administrator or
Screener. initiated terminations. This notice plan sponsor must disclose information
Form Number: OPIC–253. informs the public of PBGC’s intent and it has submitted to PBGC in connection
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![Federal Register / Vol. 82, No. 172 / Thursday, September 7, 2017 / Notices 42367
with a PBGC-initiated termination. The SUMMARY: The Commission is noticing a requirements include 39 U.S.C. 3622, 39
provisions also require PBGC to disclose recent Postal Service filing for the U.S.C. 3642, 39 CFR part 3010, and 39
the administrative record relating to a Commission’s consideration concerning CFR part 3020, subpart B. For request(s)
PBGC-initiated termination upon negotiated service agreements. This that the Postal Service states concern
request by an affected party. notice informs the public of the filing, competitive product(s), applicable
Based on information for calendar invites public comment, and takes other statutory and regulatory requirements
years 2014–2016, PBGC estimates that administrative steps. include 39 U.S.C. 3632, 39 U.S.C. 3633,
approximately 75 plans will terminate DATES: Comments are due: September 7, 39 U.S.C. 3642, 39 CFR part 3015, and
as distress or PBGC-initiated 2017. 39 CFR part 3020, subpart B. Comment
terminations each year. A survey ADDRESSES: Submit comments deadline(s) for each request appear in
conducted by PBGC of nine plans found electronically via the Commission’s section II.
that two of the nine plans surveyed Filing Online system at http://
received requests for termination II. Docketed Proceeding(s)
www.prc.gov. Those who cannot submit
information. Based on the foregoing, comments electronically should contact 1. Docket No(s).: CP2016–252; Filing
PBGC estimates that two participants or the person identified in the FOR FURTHER Title: Notice of United States Postal
other affected parties of every nine INFORMATION CONTACT section by Service of Change in Prices Pursuant to
distress terminations or PBGC-initiated telephone for advice on filing Amendment to Priority Mail & First-
terminations filed will annually make alternatives. Class Package Service Contract 24;
requests for termination information, or Filing Acceptance Date: August 30,
2⁄9 of 75 (approximately 17 per year). FOR FURTHER INFORMATION CONTACT:
David A. Trissell, General Counsel, at 2017; Filing Authority: 39 CFR 3015.5;
Based on information derived from the Public Representative: Gregory Stanton;
202–789–6820.
survey of nine plans, PBGC estimates Comments Due: September 7, 2017.
SUPPLEMENTARY INFORMATION:
that the hourly burden and cost for each 2. Docket No(s).: MC2017–180 and
request will be about 20 hours and $400. Table of Contents CP2017–281; Filing Title: Request of the
The total annual burden is estimated to United States Postal Service to Add
be 340 hours (17 plans * 20 hours) and I. Introduction Priority Mail Contract 345 to
$6,800 (17 plans * $400). II. Docketed Proceeding(s)
Competitive Product List and Notice of
PBGC is soliciting public comments I. Introduction Filing (Under Seal) of Unredacted
to— Governors’ Decision, Contract, and
• Evaluate whether the collection of The Commission gives notice that the
Postal Service filed request(s) for the Supporting Data; Filing Acceptance
information is necessary for the proper Date: August 30, 2017; Filing Authority:
performance of the functions of the Commission to consider matters related
to negotiated service agreement(s). The 39 U.S.C. 3642 and 39 CFR 3020.30;
agency, including whether the Public Representative: Christopher C.
information will have practical utility; request(s) may propose the addition or
Mohr; Comments Due: September 7,
• Evaluate the accuracy of the removal of a negotiated service
2017.
agency’s estimate of the burden of the agreement from the market dominant or
the competitive product list, or the 3. Docket No(s).: MC2017–181 and
collection of information, including the
modification of an existing product CP2017–282; Filing Title: Request of the
validity of the methodology and
currently appearing on the market United States Postal Service to Add
assumptions used;
• Enhance the quality, utility, and dominant or the competitive product Priority Mail Contract 346 to
clarity of the information to be list. Competitive Product List and Notice of
collected; and Section II identifies the docket Filing (Under Seal) of Unredacted
• Minimize the burden of the number(s) associated with each Postal Governors’ Decision, Contract, and
collection of information on those who Service request, the title of each Postal Supporting Data; Filing Acceptance
are to respond, including the use of Service request, the request’s acceptance Date: August 30, 2017; Filing Authority:
appropriate automated, electronic, date, and the authority cited by the 39 U.S.C. 3642 and 39 CFR 3020.30;
mechanical, or other technological Postal Service for each request. For each Public Representative: Christopher C.
collection techniques or other forms of request, the Commission appoints an Mohr; Comments Due: September 7,
information technology, e.g., permitting officer of the Commission to represent 2017.
electronic submission of responses. the interests of the general public in the 4. Docket No(s).: MC2017–182 and
proceeding, pursuant to 39 U.S.C. 505 CP2017–283; Filing Title: Request of the
Issued in Washington, DC, by:
(Public Representative). Section II also United States Postal Service to Add
Daniel S. Liebman,
establishes comment deadline(s) Priority Mail Contract 347 to
Acting Assistant General Counsel for pertaining to each request. Competitive Product List and Notice of
Regulatory Affairs, Pension Benefit Guaranty
The public portions of the Postal Filing (Under Seal) of Unredacted
Corporation.
Service’s request(s) can be accessed via Governors’ Decision, Contract, and
[FR Doc. 2017–19011 Filed 9–6–17; 8:45 am]
the Commission’s Web site (http:// Supporting Data; Filing Acceptance
BILLING CODE 7709–02–P
www.prc.gov). Non-public portions of Date: August 30, 2017; Filing Authority:
the Postal Service’s request(s), if any, 39 U.S.C. 3642 and 39 CFR 3020.30;
can be accessed through compliance Public Representative: Christopher C.
POSTAL REGULATORY COMMISSION with the requirements of 39 CFR Mohr; Comments Due: September 7,
3007.40. 2017.
mstockstill on DSK30JT082PROD with NOTICES
[Docket Nos. CP2016–252; MC2017–180 and
CP2017–281; MC2017–181 and CP2017–282; The Commission invites comments on This notice will be published in the
MC2017–182 and CP2017–283] whether the Postal Service’s request(s) Federal Register.
in the captioned docket(s) are consistent
New Postal Products with the policies of title 39. For Ruth Ann Abrams,
request(s) that the Postal Service states Acting Secretary.
AGENCY: Postal Regulatory Commission.
concern market dominant product(s), [FR Doc. 2017–18925 Filed 9–6–17; 8:45 am]
ACTION: Notice.
applicable statutory and regulatory BILLING CODE 7710–FW–P
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Document Created: 2017-09-07 02:01:32
Document Modified: 2017-09-07 02:01:32
| 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 intent to request extension of OMB approval. | |
| Dates | Comments should be submitted by November 6, 2017. | |
| Contact | Jo Amato Burns ([email protected]), Attorney, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005, 202-326-4400, ext. 3072. TTY and TDD users may call the Federal relay service toll-free at 800-877-8339 and ask to be connected to 202- 326-4400. | |
| FR Citation | 82 FR 42366 |
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