83 FR 35032 - Proposed Collection; Comment Request

RAILROAD RETIREMENT BOARD

Federal Register Volume 83, Issue 142 (July 24, 2018)

Page Range		35032-35033
FR Document		2018-15755

In accordance with the requirement of Section 3506 (c)(2)(A) of the Paperwork Reduction Act of 1995 which provides opportunity for public comment on new or revised data collections, the Railroad Retirement Board (RRB) will publish periodic summaries of proposed data collections. Comments are invited on: (a) Whether the proposed information collection is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the RRB's estimate of the burden of the collection of the information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden related to the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. 1. Title and purpose of information collection: Employee's Certification; OMB 3220-0140. Section 2 of the Railroad Retirement Act (RRA), provides for the payment of an annuity to the spouse or divorced spouse of a retired railroad employee. For the spouse or divorced spouse to qualify for an annuity, the RRB must determine if any of the employee's current marriage to the applicant is valid. The requirements for obtaining documentary evidence to determine valid marital relationships are prescribed in 20 CFR 219.30 through 219.35. Section 2(e) of the RRA requires that an employee must relinquish all rights to any railroad employer service before a spouse annuity can be paid. The RRB uses Form G-346, Employee's Certification, to obtain the information needed to determine whether the employee's current marriage is valid. Form G-346 is completed by the retired employee who is the husband or wife of the applicant for a spouse annuity. Completion is required to obtain a benefit. One response is requested of each respondent. The RRB proposes no changes to Form G-346. Form G-346sum, Employee Certification Summary, which mirrors the information collected on Form G-346, is used when an employee, after being interviewed by an RRB field office representative, ``signs'' the form using an alternative signature method known as ``attestation.'' Attestation refers to the action taken by the RRB field office representative to confirm and annotate the RRB's records of the applicant's affirmation under penalty of perjury that the information provided is correct and the applicant's agreement to sign the form by proxy. The RRB proposes no changes to Form G-346sum.

Federal Register, Volume 83 Issue 142 (Tuesday, July 24, 2018)

[Federal Register Volume 83, Number 142 (Tuesday, July 24, 2018)]
[Notices]
[Pages 35032-35033]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15755]


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RAILROAD RETIREMENT BOARD


Proposed Collection; Comment Request

SUMMARY: In accordance with the requirement of Section 3506 (c)(2)(A) 
of the Paperwork Reduction Act of 1995 which provides opportunity for 
public comment on new or revised data collections, the Railroad 
Retirement Board (RRB) will publish periodic summaries of proposed data 
collections.
    Comments are invited on: (a) Whether the proposed information 
collection is necessary for the proper performance of the functions of 
the agency, including whether the information has practical utility; 
(b) the accuracy of the RRB's estimate of the burden of the collection 
of the information; (c) ways to enhance the quality, utility, and 
clarity of the information to be collected; and (d) ways to minimize 
the burden related to the collection of information on respondents, 
including the use of automated collection techniques or other forms of 
information technology.
    1. Title and purpose of information collection: Employee's 
Certification; OMB 3220-0140.
    Section 2 of the Railroad Retirement Act (RRA), provides for the 
payment of an annuity to the spouse or divorced spouse of a retired 
railroad employee. For the spouse or divorced spouse to qualify for an 
annuity, the RRB must determine if any of the employee's current 
marriage to the applicant is valid.
    The requirements for obtaining documentary evidence to determine 
valid marital relationships are prescribed in 20 CFR 219.30 through 
219.35. Section 2(e) of the RRA requires that an employee must 
relinquish all rights to any railroad employer service before a spouse 
annuity can be paid.
    The RRB uses Form G-346, Employee's Certification, to obtain the 
information needed to determine whether the employee's current marriage 
is valid. Form G-346 is completed by the retired employee who is the 
husband or wife of the applicant for a spouse annuity. Completion is 
required to obtain a benefit. One response is requested of each 
respondent. The RRB proposes no changes to Form G-346.
    Form G-346sum, Employee Certification Summary, which mirrors the 
information collected on Form G-346, is used when an employee, after 
being interviewed by an RRB field office representative, ``signs'' the 
form using an alternative signature method known as ``attestation.'' 
Attestation refers to the action taken by the RRB field office 
representative to confirm and annotate the RRB's records of the 
applicant's affirmation under penalty of perjury that the information 
provided is correct and the applicant's agreement to sign the form by 
proxy. The RRB proposes no changes to Form G-346sum.

                                      Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
                                                                      Annual
                            Form No.                                 responses      Time  (min)    Burden  (hrs)
----------------------------------------------------------------------------------------------------------------
G-346...........................................................           4,220               5             352
G-346sum........................................................           2,100               5             175
                                                                 -----------------------------------------------
    Total.......................................................           6,320  ..............             527
----------------------------------------------------------------------------------------------------------------

    2. Title and purpose of information collection: Railroad Separation 
Allowance or Severance Pay Report; OMB 3220-0173.
    Section 6 of the Railroad Retirement Act provides for a lump-sum 
payment to an employee or the employee's survivors equal to the Tier II 
taxes paid by the employee on a separation allowance or severance 
payment for which the employee did not receive credits toward 
retirement. The lump-sum is not payable until retirement benefits begin 
to accrue or the employee dies. Also, Section 4(a-1) (iii) of the 
Railroad Unemployment Insurance Act provides that a railroad employee 
who is paid a separation allowance is disqualified for unemployment and 
sickness benefits for the period of time the employee would have to 
work to earn the amount of the allowance. The reporting requirements 
are specified in 20 CFR 209.14.
    In order to calculate and provide payments, the Railroad Retirement 
Board (RRB) must collect and maintain records of separation allowances 
and severance payments which were subject to Tier II taxation from 
railroad employers. The RRB uses Form BA-9, Report of Separation 
Allowance or Severance Pay, to obtain information from railroad 
employers concerning the separation allowances and severance payments 
made to railroad employees and/or the survivors of railroad employees. 
Employers currently have the option of submitting their reports on 
paper Form BA-9, (or in like format) on a CD-ROM, or by File Transfer 
Protocol (FTP), or Secure Email. Completion is mandatory. One response 
is requested of each respondent. The RRB proposes no changes to Form 
BA-9.

                                      Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
                                                                      Annual           Time           Burden
                            Form No.                                 responses       (minutes)        (hours)
----------------------------------------------------------------------------------------------------------------
BA-9 (Paper)....................................................             100              76             127
BA-9 (CD-ROM)...................................................              40              76              51
BA-9 (Secure Email).............................................              60              76              76

[[Page 35033]]

 
BA-9 (FTP)......................................................             160              76             203
                                                                 -----------------------------------------------
    Total.......................................................             360  ..............             457
----------------------------------------------------------------------------------------------------------------

    Additional Information or Comments: To request more information or 
to obtain a copy of the information collection justification, forms, 
and/or supporting material, contact Dana Hickman at (312) 751-4981 or 
Dana.Hickman@RRB.GOV. Comments regarding the information collection 
should be addressed to Brian Foster, Railroad Retirement Board, and 844 
North Rush Street, Chicago, Illinois 60611-1275 or emailed to 
Brian.Foster@rrb.gov. Written comments should be received within 60 
days of this notice.

Brian Foster,
Clearance Officer.
[FR Doc. 2018-15755 Filed 7-23-18; 8:45 am]
BILLING CODE 7905-01-P

35032 Federal Register / Vol. 83, No. 142 / Tuesday, July 24, 2018 / Notices

• evaluate the accuracy of the comment on new or revised data prescribed in 20 CFR 219.30 through
agency’s estimate of the burden of the collections, the Railroad Retirement 219.35. Section 2(e) of the RRA requires
proposed collections of information, Board (RRB) will publish periodic that an employee must relinquish all
including the validity of the summaries of proposed data collections. rights to any railroad employer service
methodologies and assumptions used; Comments are invited on: (a) Whether before a spouse annuity can be paid.
• enhance the quality, utility, and the proposed information collection is The RRB uses Form G–346,
clarity of the information to be necessary for the proper performance of Employee’s Certification, to obtain the
collected; and the functions of the agency, including information needed to determine
• minimize the burden of the whether the information has practical whether the employee’s current
collections of information on those who utility; (b) the accuracy of the RRB’s
are to respond, including through the marriage is valid. Form G–346 is
estimate of the burden of the collection
use of appropriate automated, completed by the retired employee who
of the information; (c) ways to enhance
electronic, mechanical, or other is the husband or wife of the applicant
the quality, utility, and clarity of the
technological collection techniques or for a spouse annuity. Completion is
information to be collected; and (d)
other forms of information technology, required to obtain a benefit. One
ways to minimize the burden related to
e.g., permitting electronic submission of response is requested of each
the collection of information on
responses. respondent. The RRB proposes no
respondents, including the use of
changes to Form G–346.
Stephanie Cibinic, automated collection techniques or
other forms of information technology. Form G–346sum, Employee
Deputy Assistant General Counsel for Certification Summary, which mirrors
Regulatory Affairs, Pension Benefit Guaranty
1. Title and purpose of information
Corporation. collection: Employee’s Certification; the information collected on Form G–
OMB 3220–0140. 346, is used when an employee, after
[FR Doc. 2018–15806 Filed 7–23–18; 8:45 am]
Section 2 of the Railroad Retirement being interviewed by an RRB field office
BILLING CODE 7709–02–P
Act (RRA), provides for the payment of representative, ‘‘signs’’ the form using
an annuity to the spouse or divorced an alternative signature method known
spouse of a retired railroad employee. as ‘‘attestation.’’ Attestation refers to the
RAILROAD RETIREMENT BOARD For the spouse or divorced spouse to action taken by the RRB field office
qualify for an annuity, the RRB must representative to confirm and annotate
Proposed Collection; Comment
determine if any of the employee’s the RRB’s records of the applicant’s
Request
current marriage to the applicant is affirmation under penalty of perjury that
SUMMARY: In accordance with the valid. the information provided is correct and
requirement of Section 3506 (c)(2)(A) of The requirements for obtaining the applicant’s agreement to sign the
the Paperwork Reduction Act of 1995 documentary evidence to determine form by proxy. The RRB proposes no
which provides opportunity for public valid marital relationships are changes to Form G–346sum.

ESTIMATE OF ANNUAL RESPONDENT BURDEN
Annual Time Burden
Form No. responses (min) (hrs)

G–346 .......................................................................................................................................... 4,220 5 352
G–346sum ................................................................................................................................... 2,100 5 175

Total ...................................................................................................................................... 6,320 ........................ 527

2. Title and purpose of information Railroad Unemployment Insurance Act employers. The RRB uses Form BA–9,
collection: Railroad Separation provides that a railroad employee who Report of Separation Allowance or
Allowance or Severance Pay Report; is paid a separation allowance is Severance Pay, to obtain information
OMB 3220–0173. disqualified for unemployment and from railroad employers concerning the
Section 6 of the Railroad Retirement sickness benefits for the period of time separation allowances and severance
Act provides for a lump-sum payment to the employee would have to work to payments made to railroad employees
an employee or the employee’s earn the amount of the allowance. The and/or the survivors of railroad
survivors equal to the Tier II taxes paid reporting requirements are specified in employees. Employers currently have
by the employee on a separation 20 CFR 209.14. the option of submitting their reports on
allowance or severance payment for In order to calculate and provide paper Form BA–9, (or in like format) on
which the employee did not receive payments, the Railroad Retirement a CD–ROM, or by File Transfer Protocol
credits toward retirement. The lump- Board (RRB) must collect and maintain (FTP), or Secure Email. Completion is
sum is not payable until retirement records of separation allowances and mandatory. One response is requested of
benefits begin to accrue or the employee severance payments which were subject each respondent. The RRB proposes no
dies. Also, Section 4(a–1) (iii) of the to Tier II taxation from railroad changes to Form BA–9.
jstallworth on DSKBBY8HB2PROD with NOTICES

ESTIMATE OF ANNUAL RESPONDENT BURDEN
Annual Time Burden
Form No. responses (minutes) (hours)

BA–9 (Paper) ............................................................................................................................... 100 76 127
BA–9 (CD–ROM) ......................................................................................................................... 40 76 51
BA–9 (Secure Email) ................................................................................................................... 60 76 76

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Federal Register / Vol. 83, No. 142 / Tuesday, July 24, 2018 / Notices 35033

ESTIMATE OF ANNUAL RESPONDENT BURDEN—Continued
Annual Time Burden
Form No. responses (minutes) (hours)

BA–9 (FTP) .................................................................................................................................. 160 76 203

Total ...................................................................................................................................... 360 ........................ 457

Additional Information or Comments: methodology for the spread response rectifies these limitations, as it
To request more information or to and recovery rate (‘‘RR’’) sensitivity considers a large set of scenarios to
obtain a copy of the information response components of the Initial more appropriately capture portfolio
collection justification, forms, and/or Margin model. These revisions do not risk, including the risk of more complex
supporting material, contact Dana require any changes to the ICC Clearing non-linear instruments, and produces
Hickman at (312) 751–4981 or Rules. consistent quantile-based portfolio risk
Dana.Hickman@RRB.GOV. Comments measure estimates.
II. Clearing Agency’s Statement of the To derive the spread response
regarding the information collection Purpose of, and Statutory Basis for, the
should be addressed to Brian Foster, component, the current stress-based
Proposed Rule Change, Security-Based approach considers a set of hypothetical
Railroad Retirement Board, and 844 Swap Submission, or Advance Notice
North Rush Street, Chicago, Illinois ‘‘tightening’’ and ‘‘widening’’ credit
60611–1275 or emailed to Brian.Foster@ In its filing with the Commission, ICC spread scenarios, from which it
rrb.gov. Written comments should be included statements concerning the computes instrument Profit/Loss (‘‘P/
received within 60 days of this notice. purpose of and basis for the proposed L’’) responses for every Risk Factor
rule change, security-based swap (‘‘RF’’) scenario. All instrument P/L
Brian Foster, submission, or advance notice and responses for a scenario are aggregated
Clearance Officer. discussed any comments it received on to obtain the portfolio P/L response for
[FR Doc. 2018–15755 Filed 7–23–18; 8:45 am] the proposed rule change, security- that scenario. Since the set of scenarios
BILLING CODE 7905–01–P based swap submission, or advance does not reflect the joint distribution of
notice. The text of these statements may the considered RFs, offsets between P/
be examined at the places specified in Ls are applied to provide some portfolio
SECURITIES AND EXCHANGE Item IV below. ICC has prepared benefits. To derive the RR sensitivity
COMMISSION summaries, set forth in sections (A), (B), response component, all instruments
and (C) below, of the most significant belonging to a RF or Risk Sub-Factor
[Release No. 34–83662; File No. SR–ICC– aspects of these statements.
2018–008]
(‘‘RSF’’) are subjected to RR stress
(A) Clearing Agency’s Statement of the scenarios to obtain the resulting P/L
Self-Regulatory Organizations; ICE Purpose of, and Statutory Basis for, the responses, and the worst scenario
Clear Credit LLC; Notice of Filing of Proposed Rule Change, Security-Based response is chosen for the estimation of
Proposed Rule Change Relating to Swap Submission, or Advance Notice the RF/RSF RR sensitivity response
ICC’s Risk Management Model component.
(a) Purpose Under the proposed Monte Carlo-
Description Document and ICC’s Risk
Management Framework ICC proposes revising its Risk based methodology, the ‘‘integrated
Management Model Description spread response’’ component replaces
July 18, 2018. Document and its Risk Management the spread response and RR sensitivity
Pursuant to Section 19(b)(1) of the Framework. ICC believes such revisions response components. This component
Securities Exchange Act of 1934, 15 will facilitate the prompt and accurate will be computed by creating P/L
U.S.C. 78s(b)(1) and Rule 19b–4, 17 CFR clearance and settlement of securities distributions from a set of jointly-
240.19b–4, notice is hereby given that transactions and derivative agreements, simulated hypothetical (forward
on July 5, 2018, ICE Clear Credit LLC contracts, and transactions for which it looking) spread and RR scenarios. The
(‘‘ICC’’) filed with the Securities and is responsible. The proposed revisions proposed Monte Carlo-based
Exchange Commission the proposed are described in detail as follows. methodology utilizes standard tools in
rule change as described in Items I, II The purpose of the proposed changes modeling dependence, which can be
and III below, which Items have been is to transition from a stress-based seen as a means for constructing
prepared by ICC. The Commission is approach to a Monte Carlo-based multivariate distributions with different
publishing this notice to solicit methodology for the spread response univariate distributions and with
comments on the proposed rule change and recovery rate (‘‘RR’’) sensitivity desired dependence structures, to
from interested persons. response components of the Initial generate the spread and RR scenarios.
Margin model. ICC notes certain The proposed Monte Carlo-based
I. Clearing Agency’s Statement of the limitations of its stress-based approach, methodology provides flexibility in
Terms of Substance of the Proposed namely, that it generates a limited modeling tail dependence, an important
Rule Change, Security-Based Swap number of stress scenarios that may not concept in risk management as it
Submission, or Advance Notice capture the risk of portfolios with more
jstallworth on DSKBBY8HB2PROD with NOTICES

provides information about how
The principal purpose of the complex non-linear instruments and frequently extreme values are expected
proposed rule change is to make that it does not provide for a consistent to occur, and thus ICC considers them
revisions to the ICC Risk Management estimation of the portfolio level spread particularly suitable for implementing
Model Description Document and the response based on a defined risk its Monte Carlo framework.
ICC Risk Management Framework measure (e.g., Value-at-Risk (‘‘VaR’’)) The univariate RF distribution
related to the transition from a stress- and quantile (e.g., 99%). The transition assumptions do not change under the
based approach to a Monte Carlo-based to a Monte Carlo-based methodology proposed Monte Carlo-based

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Document Created: 2018-07-24 00:10:42
Document Modified: 2018-07-24 00:10:42

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
FR Citation		83 FR 35032