Quarterly Survey of the Finances of Public-Employee Retirement Systems, 52981-52982 [05-17574]

Agencies

• Census Bureau
• DEPARTMENT OF COMMERCE

[Federal Register Volume 70, Number 171 (Tuesday, September 6, 2005)]
[Notices]
[Pages 52981-52982]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-17574]


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DEPARTMENT OF COMMERCE

Census Bureau


Quarterly Survey of the Finances of Public-Employee Retirement 
Systems

ACTION: Proposed collection; comment request.

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SUMMARY: The Department of Commerce, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments must be submitted on or before November 7, 
2005.

ADDRESSES: Direct all written comments to Diana Hynek, Departmental 
Paperwork Clearance Officer, Department of Commerce, Room 6625, 14th 
and Constitution Avenue, NW., Washington, DC 20230 (or via the Internet 
at DHynek@doc.gov).

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument(s) and instructions 
should be directed to Ellen Thompson, Chief, Employment Branch, 
Governments Division, U.S. Census Bureau, 4700 Silver Hill Road, Stop 
6800, Washington, DC 20233-6800, (301-763-1531) (or via the Internet at 
ellen.ann.thompson@census.gov).

SUPPLEMENTARY INFORMATION

I. Abstract

    The Census Bureau plans to request an extension for the quarterly 
retirement survey. The quarterly survey was initiated by the Census 
Bureau in 1968 at the request of both the Council of Economic Advisers 
and the Federal Reserve Board. It gathers data on the assets of the 100 
largest state and local government public-employee retirement systems. 
These systems hold over $2 trillion in assets, which represent 
approximately 90 percent of all state and local government public-
employee retirement system assets.
    These important data are used by the Federal Reserve Board to track 
the public sector portion of the flow of funds accounts. The Bureau of 
Economic Analysis uses the data on corporate stock holdings to estimate 
dividends received by state and local government public-employee 
retirement systems. These estimates, in turn are used as a component in 
developing the national income and product accounts.

II. Method of Collection

    Canvass methodology consists of a mail out/mail back questionnaire. 
Responses are screened manually, then put into an electronic format. No 
statistical methods are used to calculate the data.
    Respondents may choose to report their data over our Internet site. 
In addition to reporting current quarter data on the Internet, 
respondents may report for the first time for the previous two quarters 
or submit revisions to their previously submitted data if needed.
    In those instances when we are not able to obtain a response, 
estimates are made for nonrespondents based on historical data for that 
same system.

III. Data

    OMB Number: 0607-0143.
    Form Number: F-10.
    Type of Review: Regular.
    Affected Public: State and local government retirement systems.
    Estimated Number of Respondents: 100.
    Estimated Time Per Response: 45 minutes.
    Estimated Total Annual Burden Hours: 300.
    Estimated Total Annual Cost: $5,934.

    Note.--Based upon the average hourly pay of $19.78 for full-time 
employment for the financial administration function for state 
government employees in the 2004 Survey of State and Local 
Government Employment.

    Respondent's Obligation: Voluntary.
    Legal Authority: Title 13 U.S.C., Section 182.

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance

[[Page 52982]]

of the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden (including hours and cost) of the proposed collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; and (d) ways to minimize the burden of 
the collection of information on respondents, including through the use 
of automated collection techniques or other forms of information 
technology.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; they also will become a matter of public record.

    Dated: August 30, 2005.
Madeleine Clayton,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 05-17574 Filed 9-2-05; 8:45 am]
BILLING CODE 3510-07-P