83 FR 56886 - Submission of Information Collection for OMB Review; Comment Request; Qualified Domestic Relations Orders Submitted to PBGC

PENSION BENEFIT GUARANTY CORPORATION

Federal Register Volume 83, Issue 220 (November 14, 2018)

Page Range		56886-56886
FR Document		2018-24787

The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget extend approval (with modifications), under the Paperwork Reduction Act of 1995, of the information collection related to PBGC's booklet, Qualified Domestic Relations Orders & PBGC. This notice informs the public of PBGC's request and solicits public comment on the collection.

Federal Register, Volume 83 Issue 220 (Wednesday, November 14, 2018)

[Federal Register Volume 83, Number 220 (Wednesday, November 14, 2018)]
[Notices]
[Page 56886]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-24787]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Qualified Domestic Relations Orders Submitted to PBGC

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
that the Office of Management and Budget extend approval (with 
modifications), under the Paperwork Reduction Act of 1995, of the 
information collection related to PBGC's booklet, Qualified Domestic 
Relations Orders & PBGC. This notice informs the public of PBGC's 
request and solicits public comment on the collection.

DATES: Comments must be submitted by December 14, 2018.

ADDRESSES: Comments should be sent to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, Attention: Desk 
Officer for Pension Benefit Guaranty Corporation, via electronic mail 
at [email protected] or by fax to (202) 395-6974.
    A copy of the request will be posted on PBGC's website at https://www.pbgc.gov/prac/laws-and-regulations/information-collections-under-omb-review. It may also be obtained without charge by writing to the 
Disclosure Division of the Office of the General Counsel of PBGC, 1200 
K Street NW, Washington, DC 20005-4026; faxing a request to 202-326-
4042; or, calling 202-326-4040 during normal business hours (TTY users 
may call the Federal Relay Service toll-free at 800-877-8339 and ask to 
be connected to 202-326-4040). The Disclosure Division will email, fax, 
or mail the information to you, as you request.

FOR FURTHER INFORMATION CONTACT: Karen Levin ([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 3559. (TTY users may call the 
Federal Relay Service toll-free at 800-877-8339 and ask to be connected 
to 202-326-4400, extension 3559.)

SUPPLEMENTARY INFORMATION: A defined benefit pension plan that does not 
have enough money to pay benefits may be terminated if the employer 
responsible for the plan faces severe financial difficulty, such as 
bankruptcy, and is unable to maintain the plan. In such an event, PBGC 
becomes trustee of the plan and pays benefits, subject to legal limits, 
to plan participants and beneficiaries.
    The benefits of a pension plan participant generally may not be 
assigned or alienated. Title I of ERISA provides an exception for 
domestic relations orders that relate to child support, alimony 
payments, or marital property rights of an alternate payee (a spouse, 
former spouse, child, or other dependent of a plan participant). The 
exception applies only if the domestic relations order meets specific 
legal requirements that make it a qualified domestic relations order 
(QDRO).
    When PBGC is trustee of a plan, it reviews submitted domestic 
relations orders to determine whether the order is qualified before 
paying benefits to an alternate payee. The requirements for submitting 
a domestic relations order and the contents of such orders are 
established by statute. The models and the guidance provided by PBGC 
assist parties by making it easier for them to comply with ERISA's QDRO 
requirements in plans trusteed by PBGC; they do not create any 
additional requirements and result in a reduction of the statutory 
burden.
    The existing collection of information was approved under OMB 
control number 1212-0054 (expires December 31, 2018). On August 31, 
2018, PBGC published in the Federal Register (at 83 FR 44681), a notice 
informing the public of its intent to request an extension of this 
collection of information, as modified. No comments were received. PBGC 
is requesting that OMB extend approval of the collection with 
modifications for three years. The modifications requested are not 
material. 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 estimates that it will receive approximately 630 domestic 
relations orders each year from prospective alternate payees and 
participants. PBGC further estimates that the total average annual 
burden of this collection of information will be approximately 473 
hours and $945,000 based on revised estimates since publication of the 
notice on August 31.

    Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2018-24787 Filed 11-13-18; 8:45 am]
 BILLING CODE 7709-02-P

56886 Federal Register / Vol. 83, No. 220 / Wednesday, November 14, 2018 / Notices

6. Who will be required or asked to the Office of Management and Budget requirements that make it a qualified
respond: NRC licensees, licensees’ extend approval (with modifications), domestic relations order (QDRO).
contractors, and certificate holders who under the Paperwork Reduction Act of When PBGC is trustee of a plan, it
classify and declassify NRC information. 1995, of the information collection reviews submitted domestic relations
7. The estimated number of annual related to PBGC’s booklet, Qualified orders to determine whether the order is
responses: 500. Domestic Relations Orders & PBGC. qualified before paying benefits to an
8. The estimated number of annual This notice informs the public of alternate payee. The requirements for
respondents: 2. PBGC’s request and solicits public submitting a domestic relations order
9. The estimated number of hours comment on the collection. and the contents of such orders are
needed annually to comply with the DATES: Comments must be submitted by established by statute. The models and
information collection requirement or December 14, 2018. the guidance provided by PBGC assist
request: 54 hours. ADDRESSES: Comments should be sent to parties by making it easier for them to
10. Abstract: Completion of the NRC the Office of Information and Regulatory comply with ERISA’s QDRO
Form 790 is a mandatory requirement Affairs, Office of Management and requirements in plans trusteed by PBGC;
for NRC licensees, licensees’ Budget, Attention: Desk Officer for they do not create any additional
contractors, and certificate holders who Pension Benefit Guaranty Corporation, requirements and result in a reduction
classify and declassify NRC information via electronic mail at OIRA_ of the statutory burden.
in accordance with Executive Order submission@omb.eop.gov or by fax to The existing collection of information
13526, ‘‘Classified National Security (202) 395–6974. was approved under OMB control
Information,’’ the Atomic Energy Act, A copy of the request will be posted number 1212–0054 (expires December
and implementing directives. The NRC on PBGC’s website at https:// 31, 2018). On August 31, 2018, PBGC
uses the information on the form to www.pbgc.gov/prac/laws-and- published in the Federal Register (at 83
report statistics related to its security regulations/information-collections- FR 44681), a notice informing the public
classification program on an annual under-omb-review. It may also be of its intent to request an extension of
basis to the Information Security obtained without charge by writing to this collection of information, as
Oversight Office. the Disclosure Division of the Office of modified. No comments were received.
III. Specific Requests for Comments the General Counsel of PBGC, 1200 K PBGC is requesting that OMB extend
Street NW, Washington, DC 20005– approval of the collection with
The NRC is seeking comments that 4026; faxing a request to 202–326–4042; modifications for three years. The
address the following questions: or, calling 202–326–4040 during normal modifications requested are not
1. Is the proposed collection of material. An agency may not conduct or
business hours (TTY users may call the
information necessary for the NRC to sponsor, and a person is not required to
Federal Relay Service toll-free at 800–
properly perform its functions? Does the respond to, a collection of information
877–8339 and ask to be connected to
information have practical utility? unless it displays a currently valid OMB
2. Is the estimate of the burden of the 202–326–4040). The Disclosure Division
will email, fax, or mail the information control number.
information collection accurate? PBGC estimates that it will receive
3. Is there a way to enhance the to you, as you request.
FOR FURTHER INFORMATION CONTACT:
approximately 630 domestic relations
quality, utility, and clarity of the orders each year from prospective
information to be collected? Karen Levin (levin.karen@pbgc.gov),
Attorney, Regulatory Affairs Division, alternate payees and participants. PBGC
4. How can the burden of the further estimates that the total average
information collection on respondents Office of the General Counsel, Pension
Benefit Guaranty Corporation, 1200 K annual burden of this collection of
be minimized, including the use of information will be approximately 473
automated collection techniques or Street NW, Washington, DC 20005–
4026, 202–326–4400, extension 3559. hours and $945,000 based on revised
other forms of information technology? estimates since publication of the notice
(TTY users may call the Federal Relay
Dated at Rockville, Maryland, this 8th day on August 31.
of November, 2018.
Service toll-free at 800–877–8339 and
ask to be connected to 202–326–4400, Issued in Washington, DC.
For the Nuclear Regulatory Commission.
extension 3559.) Stephanie Cibinic,
David C. Cullison,
SUPPLEMENTARY INFORMATION: A defined Deputy Assistant General Counsel for
NRC Clearance Officer, Office of the Chief Regulatory Affairs, Pension Benefit Guaranty
benefit pension plan that does not have
Information Officer. Corporation.
enough money to pay benefits may be
[FR Doc. 2018–24772 Filed 11–13–18; 8:45 am]
terminated if the employer responsible [FR Doc. 2018–24787 Filed 11–13–18; 8:45 am]
BILLING CODE 7590–01–P
for the plan faces severe financial BILLING CODE 7709–02–P
difficulty, such as bankruptcy, and is
unable to maintain the plan. In such an
PENSION BENEFIT GUARANTY event, PBGC becomes trustee of the plan PENSION BENEFIT GUARANTY
CORPORATION and pays benefits, subject to legal limits, CORPORATION
to plan participants and beneficiaries.
Submission of Information Collection The benefits of a pension plan Submission of Information Collection
for OMB Review; Comment Request; participant generally may not be for OMB Review; Comment Request;
Qualified Domestic Relations Orders assigned or alienated. Title I of ERISA Annual Reporting (Form 5500 Series)
Submitted to PBGC provides an exception for domestic AGENCY: Pension Benefit Guaranty
AGENCY: Pension Benefit Guaranty relations orders that relate to child Corporation.
Corporation. support, alimony payments, or marital ACTION: Notice of request for extension
ACTION: Notice of request for extension property rights of an alternate payee (a of OMB approval, with modifications.
of OMB approval. spouse, former spouse, child, or other
dependent of a plan participant). The SUMMARY: The Pension Benefit Guaranty
SUMMARY: The Pension Benefit Guaranty exception applies only if the domestic Corporation (PBGC) is requesting that
Corporation (PBGC) is requesting that relations order meets specific legal the Office of Management and Budget

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Document Created: 2018-11-14 03:32:40
Document Modified: 2018-11-14 03:32:40

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 request for extension of OMB approval.
Dates		Comments must be submitted by December 14, 2018.
Contact		Karen Levin ([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 3559. (TTY users may call the Federal Relay Service toll-free at 800-877-8339 and ask to be connected to 202-326-4400, extension 3559.)
FR Citation		83 FR 56886