83_FR_10805 83 FR 10757 - Submission for Review: Life Insurance Election, Standard Form (SF) 2817

83 FR 10757 - Submission for Review: Life Insurance Election, Standard Form (SF) 2817

OFFICE OF PERSONNEL MANAGEMENT

Federal Register Volume 83, Issue 48 (March 12, 2018)

Page Range10757-10758
FR Document2018-04940

The Federal Employee Insurance Operations (FEIO), Healthcare & Insurance, Office of Personnel Management (OPM) offers the general public and other Federal agencies the opportunity to comment on a reinstatement with change of an expired information collection, Life Insurance Election, SF 2817.

Federal Register, Volume 83 Issue 48 (Monday, March 12, 2018) 
[Federal Register Volume 83, Number 48 (Monday, March 12, 2018)]
[Notices]
[Pages 10757-10758]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-04940]


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OFFICE OF PERSONNEL MANAGEMENT


Submission for Review: Life Insurance Election, Standard Form 
(SF) 2817

AGENCY: Office of Personnel Management.

ACTION: 30-Day notice and request for comments.

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SUMMARY: The Federal Employee Insurance Operations (FEIO), Healthcare & 
Insurance, Office of Personnel Management (OPM) offers the general 
public and other Federal agencies the opportunity to comment on a 
reinstatement with change of an expired information collection, Life 
Insurance Election, SF 2817.

DATES: Comments are encouraged and will be accepted until April 11, 
2018.

ADDRESSES: Interested persons are invited to submit written comments on 
the proposed information collection to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, 725 17th Street 
NW, Washington, DC 20503, Attention: Desk Officer for the Office of 
Personnel Management or sent via electronic mail to 
oira_submission@omb.eop.gov or faxed to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of this information collection, 
with applicable supporting documentation, may be obtained by contacting 
the Retirement Services Publications Team, Office of Personnel 
Management, 1900 E Street NW, Room 3316-L, Washington, DC 20415, 
Attention: Cyrus S. Benson, or sent via electronic mail to 
Cyrus.Benson@opm.gov or faxed to (202) 606-0910.

SUPPLEMENTARY INFORMATION: As required by the Paperwork Reduction Act 
of 1995 (Pub. L. 104-13, 44 U.S.C. chapter 35) as amended by the 
Clinger-Cohen Act (Pub. L. 104-106), OPM is soliciting comments for 
this collection. The information collection (OMB No. 3206-0230) was 
previously published in the Federal Register on May 26, 2017, at 82 FR 
24404, allowing for a 60-day public comment period. No comments were 
received for this collection. The purpose of this notice is to allow an 
additional 30 days for public comments. The Office of Management and 
Budget is particularly interested in comments that:
    1. 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;
    2. 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;
    3. Enhance the quality, utility, and clarity of the information to 
be collected; and
    4. 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 
submissions of responses.
    Standard Form 2817 is used by federal employees and assignees 
(those who have acquired control of an employee/annuitant's coverage 
through an assignment or ``transfer'' of the ownership of the life 
insurance). Clearance of this form for use by active Federal employees 
is not required according to Paperwork Reduction Act. Therefore, only 
the use of this form by assignees, i.e. members of the public, is 
subject to the Paperwork Reduction Act.

[[Page 10758]]

Analysis

    Agency: Federal Employee Insurance Operations, Healthcare & 
Insurance, Office of Personnel Management
    Title: Life Insurance Election.
    OMB Number: 3206-0230.
    Frequency: On occasion.
    Affected Public: Individual or Households.
    Number of Respondents: 150.
    Estimated Time per Respondent: 15 minutes.
    Total Burden Hours: 38 hours.

U.S. Office of Personnel Management.
Kathleen M. McGettigan,
Acting Director.
[FR Doc. 2018-04940 Filed 3-9-18; 8:45 am]
 BILLING CODE 6325-38-P

Federal Register / Vol. 83, No. 48 / Monday, March 12, 2018 / Notices 10757 Dated at Rockville, Maryland, this 7th day that are open to the public. Detailed Washington, DC 20503, Attention: Desk of March 2018. procedures for the conduct of and Officer for the Office of Personnel For the Nuclear Regulatory Commission. participation in ACRS meetings were Management or sent via electronic mail Tyrone D. Naquin, published in the Federal Register on to oira_submission@omb.eop.gov or Project Manager, Fuel Manufacturing Branch, October 4, 2017 (82 FR 46312). faxed to (202) 395–6974. Division of Fuel Cycle Safety, Safeguards and Detailed meeting agendas and meeting FOR FURTHER INFORMATION CONTACT: A Environmental Review, Office of Nuclear transcripts are available on the NRC copy of this information collection, with Material Safety and Safeguards. website at http://www.nrc.gov/reading- applicable supporting documentation, [FR Doc. 2018–04947 Filed 3–9–18; 8:45 am] rm/doc-collections/acrs. Information may be obtained by contacting the BILLING CODE 7590–01–P regarding topics to be discussed, Retirement Services Publications Team, changes to the agenda, whether the Office of Personnel Management, 1900 E meeting has been canceled or Street NW, Room 3316–L, Washington, NUCLEAR REGULATORY rescheduled, and the time allotted to DC 20415, Attention: Cyrus S. Benson, COMMISSION present oral statements can be obtained or sent via electronic mail to from the website cited above or by Cyrus.Benson@opm.gov or faxed to Advisory Committee on Reactor contacting the identified DFO. (202) 606–0910. Safeguards (ACRS); Notice of Meeting Moreover, in view of the possibility that SUPPLEMENTARY INFORMATION: As of the ACRS Subcommittee on the schedule for ACRS meetings may be required by the Paperwork Reduction NuScale adjusted by the Chairman as necessary Act of 1995 (Pub. L. 104–13, 44 U.S.C. The ACRS Subcommittee on NuScale to facilitate the conduct of the meeting, chapter 35) as amended by the Clinger- will hold a meeting on March 21, 2018, persons planning to attend should check Cohen Act (Pub. L. 104–106), OPM is at 11545 Rockville Pike, Room T–2B1, with these references if such soliciting comments for this collection. Rockville, Maryland 20852. rescheduling would result in a major The information collection (OMB No. The meeting will be open to public inconvenience. 3206–0230) was previously published in attendance The meetings will be open to If attending this meeting, please enter the Federal Register on May 26, 2017, public attendance with the exception of through the One White Flint North at 82 FR 24404, allowing for a 60-day portions that may be closed to protect building, 11555 Rockville Pike, public comment period. No comments information that is proprietary pursuant Rockville, Maryland. After registering to 5 U.S.C. 552b(c)(4). The agenda for were received for this collection. The with Security, please contact Mr. purpose of this notice is to allow an the subject meeting shall be as follows: Theron Brown (Telephone 301–415– additional 30 days for public comments. Wednesday, March 21, 2018–1:00 p.m. 6702 or 301–415–8066) to be escorted to The Office of Management and Budget Until 5:00 p.m. the meeting room. is particularly interested in comments The Subcommittee will discuss the Dated: March 6, 2018. that: AREVA Topical Report ANP–10337, Mark L. Banks, 1. Evaluate whether the proposed ‘‘PWR Fuel Assembly Structural Chief, Technical Support Branch, Advisory collection of information is necessary Response to Externally Applied Committee on Reactor Safeguards. for the proper performance of the Dynamic Excitations.’’ The [FR Doc. 2018–04837 Filed 3–9–18; 8:45 am] functions of the agency, including Subcommittee will hear presentations BILLING CODE P whether the information will have by and hold discussions with the NRC practical utility; staff, Framatome staff and other 2. Evaluate the accuracy of the interested persons regarding this matter. OFFICE OF PERSONNEL agency’s estimate of the burden of the The Subcommittee will gather MANAGEMENT proposed collection of information, information, analyze relevant issues and including the validity of the facts, and formulate proposed positions Submission for Review: Life Insurance methodology and assumptions used; and actions, as appropriate, for Election, Standard Form (SF) 2817 3. Enhance the quality, utility, and deliberation by the Full Committee. clarity of the information to be Members of the public desiring to AGENCY: Office of Personnel collected; and provide oral statements and/or written Management. 4. Minimize the burden of the comments should notify the Designated ACTION: 30-Day notice and request for collection of information on those who Federal Official (DFO), Michael comments. are to respond, including through the Snodderly (Telephone 301–415–2241 or use of appropriate automated, Email: Michael.Snodderly@nrc.gov) five SUMMARY: The Federal Employee electronic, mechanical, or other days prior to the meeting, if possible, so Insurance Operations (FEIO), Healthcare technological collection techniques or that appropriate arrangements can be & Insurance, Office of Personnel other forms of information technology, made. Thirty-five hard copies of each Management (OPM) offers the general e.g., permitting electronic submissions presentation or handout should be public and other Federal agencies the of responses. provided to the DFO thirty minutes opportunity to comment on a Standard Form 2817 is used by before the meeting. In addition, one reinstatement with change of an expired federal employees and assignees (those electronic copy of each presentation information collection, Life Insurance who have acquired control of an should be emailed to the DFO one day Election, SF 2817. employee/annuitant’s coverage through before the meeting. If an electronic copy DATES: Comments are encouraged and an assignment or ‘‘transfer’’ of the amozie on DSK30RV082PROD with NOTICES cannot be provided within this will be accepted until April 11, 2018. ownership of the life insurance). timeframe, presenters should provide ADDRESSES: Interested persons are Clearance of this form for use by active the DFO with a CD containing each invited to submit written comments on Federal employees is not required presentation at least thirty minutes the proposed information collection to according to Paperwork Reduction Act. before the meeting. Electronic the Office of Information and Regulatory Therefore, only the use of this form by recordings will be permitted only Affairs, Office of Management and assignees, i.e. members of the public, is during those portions of the meeting Budget, 725 17th Street NW, subject to the Paperwork Reduction Act. 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10758 Federal Register / Vol. 83, No. 48 / Monday, March 12, 2018 / Notices Analysis directors must prepare a resolution cost of $2,233 to adopt the resolution; 5 Agency: Federal Employee Insurance designating not more than five fund (iii) 244 hours for the fund’s accounting Operations, Healthcare & Insurance, officers or responsible employees who personnel at a total cost of $65,745 to Office of Personnel Management may have access to the fund’s assets. prepare written notations of Title: Life Insurance Election. The designated access persons (two or transactions; 6 and (iv) 7 hours for the OMB Number: 3206–0230. more of whom must act jointly when fund’s accounting personnel at a total Frequency: On occasion. handling fund assets) must prepare a cost of $1,428 to assist the independent Affected Public: Individual or written notation providing certain public accountants when they perform Households. information about each deposit or verifications of fund assets.7 Number of Respondents: 150. withdrawal of fund assets, and must Commission staff estimates that Estimated Time per Respondent: 15 transmit the notation to another officer approximately 206 funds file Form N– minutes. or director designated by the directors. 17f–2 each year.8 Thus, the total annual Total Burden Hours: 38 hours. An independent public accountant must hour burden for rule 17f–2 is estimated U.S. Office of Personnel Management. verify the fund’s assets three times each to be 51,912 hours.9 Based on the total Kathleen M. McGettigan, year, and two of those examinations costs per fund listed above, the total Acting Director. must be unscheduled.2 cost of rule 17f–2’s collection of Rule 17f–2’s requirement that information requirements is estimated [FR Doc. 2018–04940 Filed 3–9–18; 8:45 am] directors designate access persons is to be approximately $13.5 million.10 BILLING CODE 6325–38–P intended to ensure that directors The estimate of average burden hours evaluate the trustworthiness of insiders is made solely for the purposes of the who handle fund assets. The Paperwork Reduction Act, and is not SECURITIES AND EXCHANGE requirements that access persons act derived from a comprehensive or even COMMISSION jointly in handling fund assets, prepare a representative survey or study of the a written notation of each transaction, costs of Commission rules and forms. Proposed Collection; Comment and transmit the notation to another Complying with the collections of Request designated person are intended to information required by rule 17f–2 is Upon Written Request, Copies Available reduce the risk of misappropriation of mandatory for those funds that maintain From: Securities and Exchange fund assets by access persons, and to custody of their own assets. Responses Commission, Office of FOIA Services, ensure that adequate records are will not be kept confidential. An agency 100 F Street NE, Washington, DC prepared, reviewed by a responsible may not conduct or sponsor, and a 20549–2736 third person, and available for person is not required to respond to, a examination by the Commission. The collection of information unless it Extension: Rule 17f–2, SEC File No. 270–233, OMB requirement that auditors verify fund displays a currently valid control Control No. 3235–0223 assets without notice twice each year is number. intended to provide an additional Written comments are invited on: (a) Notice is hereby given that, pursuant deterrent to the misappropriation of Whether the collection of information is to the Paperwork Reduction Act of 1995 fund assets and to detect any necessary for the proper performance of (44 U.S.C. 350l et seq.), the Securities irregularities. the functions of the Commission, and Exchange Commission (the The Commission staff estimates that including whether the information has ‘‘Commission’’) is soliciting comments each fund makes 974 responses and practical utility; (b) the accuracy of the on the collection of information spends an average of 252 hours annually Commission’s estimate of the burden of summarized below. The Commission in complying with the rule’s the collection of information; (c) ways to plans to submit this existing collection requirements.3 Commission staff of information to the Office of estimates that on an annual basis it 5 The estimate for the cost of board time as a Management and Budget for extension takes: (i) 0.5 hours of fund accounting whole is derived from estimates made by the staff and approval. personnel at a total cost of $102 to draft regarding typical board size and compensation that Rule 17f–2 (17 CFR 270.17f–2), is based on information received from fund director resolutions;4 (ii) 0.5 hours of representatives and publicly available sources. entitled ‘‘Custody of Investments by the fund’s board of directors at a total 6 Respondents estimated that each fund makes Registered Management Investment 974 responses on an annual basis and spends a total Company,’’ was adopted in 1940 under 2 The accountant must transmit to the of 0.25 hours per response. The fund personnel section 17(f) of the Investment Company Commission promptly after each examination a involved are Accounts Payable Manager ($192 Act of 1940 (15 U.S.C. 80a-17(f)) (the certificate describing the examination on Form N– hourly rate), Operations Manager ($345 hourly rate) 17f–2. The third (scheduled) examination may and Accounting Manager ($274 hourly rate). The ‘‘Act’’), and was last amended average hourly rate of these personnel is $270. The coincide with the annual verification required for materially in 1947. Rule 17f–2 every fund by section 30(g) of the Act (15 U.S.C. estimated cost of preparing notations is based on establishes safeguards for arrangements 80a–29(g)). the following calculation: 974 × 0.25 × $270 = in which a registered management 3 The 974 responses are: 1 (one) response to draft $65,745. 7 This estimate is based on the following investment company (‘‘fund’’) is and adopt the resolution and 973 notations. Estimates of the number of hours are based on calculation: 7 × $204 (senior accountant’s hourly deemed to maintain custody of its own conversations with individuals in the fund rate) = $1,428. assets, such as when the fund maintains industry. The actual number of hours may vary 8 On average, each year approximately 206 funds its assets in a facility that provides significantly depending on individual fund assets. filed Form N–17f–2 with the Commission during safekeeping but not custodial services.1 4 This estimate is based on the following calendar years 2015–2017. The rule includes several recordkeeping calculation: 0.5 (burden hours per fund) × $204 9 This estimate is based on the following (senior accountant’s hourly rate) = $102. Unless calculation: 206 (funds) × 252 (total annual hourly amozie on DSK30RV082PROD with NOTICES or reporting requirements. The fund’s otherwise indicated, the hourly wage figures used burden per fund) = 51,912 hours for rule. The herein are from the Securities Industry and annual burden for rule 17f–2 does not include time 1 The rule generally requires all assets to be Financial Markets Association’s Management & spent preparing Form N–17f–2. The burden for deposited in the safekeeping of a ‘‘bank or other Professional Earnings in the Securities Industry Form N–17f–2 is included in a separate collection company whose functions and physical facilities 2013, modified by Commission staff to account for of information. are supervised by Federal or State authority.’’ The an 1,800-hour work-year and inflation, and 10 This estimate is based on the following fund’s securities must be physically segregated at multiplied by 5.35 to account for bonuses, firm size, calculation: $65,745 (total annual cost per fund) × all times from the securities of any other person. employee benefits and overhead. 206 funds = $13,543,470. 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Document Created: 2018-11-01 08:50:55
Document Modified: 2018-11-01 08:50:55
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
Action30-Day notice and request for comments.
DatesComments are encouraged and will be accepted until April 11, 2018.
ContactA copy of this information collection, with applicable supporting documentation, may be obtained by contacting the Retirement Services Publications Team, Office of Personnel Management, 1900 E Street NW, Room 3316-L, Washington, DC 20415, Attention: Cyrus S. Benson, or sent via electronic mail to [email protected] or faxed to (202) 606-0910.
FR Citation83 FR 10757 
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