82 FR 43798 - Proposed Submission of Information Collection for OMB Review; Comment Request; Annual Reporting (Form 5500 Series)
PENSION BENEFIT GUARANTY CORPORATION Federal Register Volume 82, Issue 180 (September 19, 2017)
Federal Register Volume 82, Issue 180 (September 19, 2017)
| Page Range | 43798-43800 | |
| FR Document | 2017-19884 |
[Federal Register Volume 82, Number 180 (Tuesday, September 19, 2017)] [Notices] [Pages 43798-43800] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-19884] ======================================================================= ----------------------------------------------------------------------- PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Annual Reporting (Form 5500 Series) AGENCY: Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request extension of OMB approval, with modifications. ----------------------------------------------------------------------- SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval (with modifications), under the Paperwork Reduction Act of 1995, of its collection of information for Annual Reporting under OMB control number 1212-0057, [[Page 43799]] which expires on August 31, 2020. This notice informs the public of PBGC's intent and solicits public comment on the collection of information. DATES: Comments must be submitted by November 20, 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: paperwork.comments@pbgc.gov. Mail or Hand Delivery: Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026. PBGC will make all comments available on its Web site at http://www.pbgc.gov. Copies of the collection of information and comments may be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026, or by 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.) FOR FURTHER INFORMATION CONTACT: Jo Amato Burns (burns.jo.amato@pbgc.gov), Attorney, Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026, 202-326-4400, extension 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, extension 3072.) SUPPLEMENTARY INFORMATION: Annual reporting to the Internal Revenue Service (IRS), the Employee Benefits Security Administration (EBSA), and the Pension Benefit Guaranty Corporation (PBGC) is required by law for most employee benefit plans. For example, section 4065 of the Employee Retirement Income Security Act of 1974 requires annual reporting to PBGC for pension plans covered by title IV of ERISA. To accommodate these filing requirements, PBGC, IRS, and EBSA have jointly promulgated the Form 5500 Series, which includes the Form 5500 Annual Return/Report of Employee Benefit Plan and the Form 5500-SF Short Form Annual Return/Report of Small Employee Benefit Plan. The collection of information has been approved by OMB under control number 1212-0057 through August 31, 2020. PBGC intends to request that OMB extend its approval, with modifications, for 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. PBGC is proposing two modifications to the 2017 Schedule MB (Multiemployer Defined Benefit Plan Actuarial Information) instructions and one modification to the Schedule SB (Single Employer Defined Benefit Plan Actuarial Information) instructions. These modifications affect multiemployer defined benefit plans and single-employer defined benefit plans covered by Title IV of ERISA. With regard to the Schedule MB instructions, PBGC is proposing to change the instructions to require new attachments in two situations as explained below: If any of the contributions reported in Line 3 (Contributions Made to Plan) include amounts owed for withdrawal liability, PBGC is proposing to require plan administrators to report for each reported contribution (on an attachment to Line 3), the aggregate amount of withdrawal liability payments included in such contribution. This will enable PBGC to allocate the reported contributions between regular contributions and withdrawal liability payments and is consistent with intent of Line 3 to provide contribution information for projection purposes. Ongoing contributions are expected annually from ongoing employers. Withdrawal liability payments are contributions paid by employers who have withdrawn from the plan and thus, at some point, will stop contributing. Separating withdrawal payments from contributions will assist in projections of future ongoing contributions and also will provide information regarding withdrawing employers. For multiemployer plans in Critical or Critical and Declining status (i.e., where Code C (Critical Status) or Code D (Critical and Declining Status) is entered on Line 4b), the current Schedule MB instructions require that plans report the year a troubled multiemployer plan is projected to become insolvent or emerge from troubled status on Line 4f. However, there is no requirement to provide supporting documentation for these projections. PBGC is proposing that basic supporting documentation be included as an attachment to Line 4f. Such plans would be required to report in the attachment: [cir] Year-by-year cash flow projections for the period ending with whichever is applicable: The year the plan is projected to emerge from Critical or Critical and Declining Status or the year the plan is projected to become insolvent, and [cir] A summary of the assumptions underlying these projections. PBGC is proposing the addition of this information to enable PBGC to better project the impact on participants and PBGC's insurance system. With regard to the Schedule SB instructions, PBGC is proposing to change the instructions related to an attachment that is currently required of plans for which the IRS has granted permission to use a substitute mortality table. The current instructions for Schedule SB, item 23, describe the information that is to be included in the attachment. Those instructions reflect the current IRS regulation on the use of substitute mortality tables, 26 CFR 1.430(h)(3)-2. The proposed changes to the Schedule SB are based on amendments to the IRS mortality table regulations that are proposed to become effective on 1/ 1/2018. If the regulations are not effective on 1/1/2018, then the proposed changes to the Schedule SB will be deleted from the final Form 5500 instructions. PBGC is proposing to require plans to report additional information (consistent with the amended regulation) as part of the item 23 attachment. The addition of information will allow PBGC to reconstruct the substitute table for which the plan has sought IRS approval. This will enable PBGC to better predict future funding requirements and the impact on participants and the insurance system. It is anticipated that the information requested by the proposed changes described above will be available to the plan and will merely require that the plan insert information it already has into the attachments described. PBGC estimates that it will receive approximately 23,700 Form 5500 and Form 5500-SF filings per year under this collection of information. PBGC further estimates that the total annual burden of this collection of information will be 1,300 hours and $1,613,000. PBGC is soliciting public comments to-- 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 methodologies and assumptions used; [[Page 43800]] 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. Issued in Washington, DC. Daniel Liebman, Acting Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2017-19884 Filed 9-18-17; 8:45 am] BILLING CODE 7709-02-P
![43798 Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices
White Flint North, 11555 Rockville 5. How often the collection is required to establish, implement, and maintain
Pike, Rockville, Maryland 20852. or requested: Annually and on occasion. FFD programs at affected licensees and
• NRC’s Clearance Officer: A copy of The NRC receives reports on an annual other entities. The objectives of these
the collection of information and related basis that detail fitness-for-duty (FFD) requirements are to provide reasonable
instructions may be obtained without program performance. The NRC also assurance that persons subject to the
charge by contacting the NRC’s receives, on occasion, reports associated rule are trustworthy, reliable, and not
Clearance Officer, David Cullison, with FFD policy violations or under the influence of any substance,
Office of the Chief Information Officer, programmatic failures. Depending on legal or illegal, or mentally or physically
U.S. Nuclear Regulatory Commission, the type of violation or programmatic impaired from any cause, which in any
Washington, DC 20555–0001; telephone: failure, the report would be made way could adversely affect their ability
301–415–2084; email: within 24 hours of the event occurrence, to safely and competently perform their
INFOCOLLECTS.Resource@nrc.gov. or within 30 days of completing an duties. These requirements also provide
investigation into the programmatic reasonable assurance that the effects of
B. Submitting Comments failure. fatigue and degraded alertness on
The NRC cautions you not to include 6. Who will be required or asked to individuals’ abilities to safely and
identifying or contact information that respond: Nuclear power reactor competently perform their duties are
you do not want to be publicly licensees licensed under parts 50 and 52 managed commensurate with
disclosed in your comment submission. of title 10 of the Code of Federal maintaining public health and safety.
The NRC posts all comment Regulations (10 CFR) (except those who The information collections required by
submissions at http:// have permanently ceased operations 10 CFR part 26 are necessary to properly
www.regulations.gov as well as entering and have verified that fuel has been manage FFD programs and to enable
the comment submissions into ADAMS. permanently removed from the reactor); effective and efficient regulatory
The NRC does not routinely edit all holders of nuclear power plant oversight of affected licensees and other
comment submissions to remove construction permits and early site entities. These licensees and other
identifying or contact information. permits with a limited work entities must perform certain tasks,
If you are requesting or aggregating authorization and applicants for nuclear maintain records, and submit reports to
comments from other persons for power plant construction permits that comply with 10 CFR part 26 drug and
submission to the OMB, then you have a limited work authorization under alcohol and fatigue management
should inform those persons not to the provisions of 10 CFR part 50; all requirements. These records and reports
include identifying or contact holders of a combined license for a are necessary to enable regulatory
information that they do not want to be nuclear power plant issued under 10 inspection and evaluation of a licensee’s
publicly disclosed in their comment CFR part 52 and applicants for a or other entity’s compliance with NRC
submission. Your request should state combined license that have a limited regulations, FFD performance, and
that the NRC does not routinely edit work authorization; all licensees who significant FFD-related events to help
comment submissions to remove such are authorized to possess, use, or maintain public health and safety,
information before making the comment transport formula quantities of strategic promote the common defense and
submissions available to the public or special nuclear material (SSNM) under security, and protect the environment.
entering the comment submissions into the provisions of 10 CFR part 70; all Dated at Rockville, Maryland, this 14th day
ADAMS. holders of a certificate of compliance of of September, 2017.
an approved compliance plan issued For the Nuclear Regulatory Commission.
II. Background under 10 CFR part 76, if the holder David Cullison,
Under the provisions of the engages in activities involving formula
NRC Clearance Officer, Office of the Chief
Paperwork Reduction Act of 1995 (44 quantities of SSNM; and all contractor/ Information Officer.
U.S.C. Chapter 35), the NRC recently vendors (C/Vs) who implement FFD
[FR Doc. 2017–19929 Filed 9–18–17; 8:45 am]
submitted a request for renewal of an programs or program elements to the
BILLING CODE 7590–01–P
existing collection of information to extent that the licensees and other
OMB for review entitled, ‘‘Fitness-for- entities listed in this paragraph rely on
Duty Programs.’’ The NRC hereby those C/V FFD programs or program
informs potential respondents that an elements to comply with 10 CFR part PENSION BENEFIT GUARANTY
agency may not conduct or sponsor, and 26. CORPORATION
that a person is not required to respond 7. The estimated number of annual
Proposed Submission of Information
to, a collection of information unless it responses: 441,833 responses (215
Collection for OMB Review; Comment
displays a currently valid OMB control reporting responses + 49 recordkeepers
Request; Annual Reporting (Form 5500
number. + 441,569 third-party disclosure
Series)
The NRC published a Federal responses).
Register (FR) notice with a 60-day 8. The estimated number of annual AGENCY: Pension Benefit Guaranty
comment period on this information respondents: 88,229 respondents (28 Corporation.
collection on June 1, 2017, 82 FR 25345. drug and alcohol testing programs + 21 ACTION: Notice of intent to request
1. The title of the information fatigue management programs + 88,180 extension of OMB approval, with
collection: 10 CFR part 26, ‘‘Fitness-for- third-party disclosure respondents). modifications.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
Duty Programs.’’ 9. An estimate of the total number of
2. OMB approval number: 3150–0146. hours needed annually to comply with SUMMARY: The Pension Benefit Guaranty
3. Type of submission: Extension. the information collection requirement Corporation (PBGC) intends to request
4. The form number if applicable: or request: 719,195.9 hours (6,168.0 that the Office of Management and
NRC Form 890, ‘‘Single Positive Test hours reporting + 220,998.5 hours Budget (OMB) extend approval (with
Form,’’ NRC Form 891, ‘‘Annual recordkeeping + 492,029.4 hours third- modifications), under the Paperwork
Reporting Form for Drug and Alcohol party disclosure). Reduction Act of 1995, of its collection
Tests,’’ and NRC Form 892, ‘‘Annual 10. Abstract: The NRC’s regulations in of information for Annual Reporting
Fatigue Reporting Form.’’ 10 CFR part 26 prescribe requirements under OMB control number 1212–0057,
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![43800 Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices
• enhance the quality, utility, and Regulatory Commission to add a POSTAL SERVICE
clarity of the information to be domestic shipping services contract to
collected; and the list of Negotiated Service Product Change—Priority Mail
• minimize the burden of the Agreements in the Mail Classification Negotiated Service Agreement
collection of information on those who Schedule’s Competitive Products List. AGENCY: Postal ServiceTM.
are to respond, including through the
use of appropriate automated, DATES: Date of notice required under 39 ACTION: Notice.
electronic, mechanical, or other U.S.C. 3642(d)(1): September 19, 2017.
SUMMARY: The Postal Service gives
technological collection techniques or FOR FURTHER INFORMATION CONTACT: notice of filing a request with the Postal
other forms of information technology, Elizabeth A. Reed, 202–268–3179. Regulatory Commission to add a
e.g., permitting electronic submission of
SUPPLEMENTARY INFORMATION: The domestic shipping services contract to
responses.
United States Postal Service® hereby the list of Negotiated Service
Issued in Washington, DC. Agreements in the Mail Classification
gives notice that, pursuant to 39 U.S.C.
Daniel Liebman, 3642 and 3632(b)(3), on September 13, Schedule’s Competitive Products List.
Acting Assistant General Counsel for 2017, it filed with the Postal Regulatory DATES: Date of notice required under 39
Regulatory Affairs, Pension Benefit Guaranty U.S.C. 3642(d)(1): September 19, 2017.
Commission a Request of the United
Corporation.
States Postal Service to Add Priority FOR FURTHER INFORMATION CONTACT:
[FR Doc. 2017–19884 Filed 9–18–17; 8:45 am]
Mail Contract 357 to Competitive Elizabeth A. Reed, 202–268–3179.
BILLING CODE 7709–02–P
Product List. Documents are available at SUPPLEMENTARY INFORMATION: The
www.prc.gov, Docket Nos. MC2017–200, United States Postal Service® hereby
CP2017–303. gives notice that, pursuant to 39 U.S.C.
POSTAL SERVICE
Elizabeth A. Reed,
3642 and 3632(b)(3), on September 13,
Product Change—Priority Mail Express 2017, it filed with the Postal Regulatory
Attorney, Corporate and Postal Business Law. Commission a Request of the United
and Priority Mail Negotiated Service [FR Doc. 2017–19849 Filed 9–18–17; 8:45 am]
Agreement States Postal Service to Add Priority
BILLING CODE 7710–12–P Mail Contract 356 to Competitive
AGENCY: Postal ServiceTM. Product List. Documents are available at
ACTION: Notice. www.prc.gov, Docket Nos. MC2017–199,
POSTAL SERVICE CP2017–302.
SUMMARY: The Postal Service gives
notice of filing a request with the Postal Product Change—Priority Mail and Elizabeth A. Reed,
Regulatory Commission to add a First-Class Package Service Attorney, Corporate and Postal Business Law.
domestic shipping services contract to Negotiated Service Agreement [FR Doc. 2017–19848 Filed 9–18–17; 8:45 am]
the list of Negotiated Service BILLING CODE 7710–12–P
Agreements in the Mail Classification AGENCY: Postal ServiceTM.
Schedule’s Competitive Products List. ACTION: Notice.
DATES: Date of notice required under 39
U.S.C. 3642(d)(1): September 19, 2017. SECURITIES AND EXCHANGE
SUMMARY: The Postal Service gives COMMISSION
FOR FURTHER INFORMATION CONTACT: notice of filing a request with the Postal
Elizabeth A. Reed, 202–268–3179. Regulatory Commission to add a [Release No. 34–81605; File No. SR–ISE–
SUPPLEMENTARY INFORMATION: The domestic shipping services contract to 2017–81]
United States Postal Service® hereby the list of Negotiated Service
gives notice that, pursuant to 39 U.S.C. Agreements in the Mail Classification Self-Regulatory Organizations; Nasdaq
3642 and 3632(b)(3), on September 13, Schedule’s Competitive Products List. ISE, LLC; Notice of Filing and
2017, it filed with the Postal Regulatory Immediate Effectiveness of Proposed
Commission a Request of the United DATES: Date of notice required under 39
Rule Change To Amend Its Schedule of
States Postal Service to Add Priority U.S.C. 3642(d)(1): September 19, 2017.
Fees To Increase the Priority Customer
Mail Express & Priority Mail Contract 51 FOR FURTHER INFORMATION CONTACT: Taker Fee for Regular Orders in SPY
to Competitive Product List. Documents Elizabeth A. Reed, 202–268–3179.
are available at www.prc.gov, Docket September 13, 2017.
Nos. MC2017–202, CP2017–305. SUPPLEMENTARY INFORMATION: The Pursuant to Section 19(b)(1) of the
United States Postal Service® hereby Securities Exchange Act of 1934
Elizabeth A. Reed, gives notice that, pursuant to 39 U.S.C. (‘‘Act’’),1 and Rule 19b–4 thereunder,2
Attorney, Corporate and Postal Business Law. 3642 and 3632(b)(3), on September 13, notice is hereby given that on
[FR Doc. 2017–19851 Filed 9–18–17; 8:45 am] 2017, it filed with the Postal Regulatory September 1, 2017, Nasdaq ISE, LLC
BILLING CODE 7710–12–P Commission a Request of the United (‘‘ISE’’ or ‘‘Exchange’’) filed with the
States Postal Service to Add Priority Securities and Exchange Commission
Mail & First-Class Package Service (‘‘Commission’’) the proposed rule
POSTAL SERVICE Contract 57 to Competitive Product List.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
change as described in Items I and II,
Documents are available at below, which Items have been prepared
Product Change—Priority Mail www.prc.gov, Docket Nos. MC2017–201, by the Exchange. The Commission is
Negotiated Service Agreement CP2017–304. publishing this notice to solicit
AGENCY: Postal ServiceTM. comments on the proposed rule change
Elizabeth A. Reed,
ACTION: Notice. from interested persons.
Attorney, Corporate and Postal Business Law.
SUMMARY: The Postal Service gives [FR Doc. 2017–19850 Filed 9–18–17; 8:45 am] 1 15 U.S.C. 78s(b)(1).
notice of filing a request with the Postal BILLING CODE 7710–12–P 2 17 CFR 240.19b–4.
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Document Created: 2018-10-24 14:19:24
Document Modified: 2018-10-24 14:19:24
| 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 intent to request extension of OMB approval, with modifications. | |
| Dates | Comments must be submitted by November 20, 2017. | |
| Contact | Jo Amato Burns ([email protected]), Attorney, Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-4026, 202-326-4400, extension 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, extension 3072.) | |
| FR Citation | 82 FR 43798 |
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