Proposed Extension of Information Collection; Comment Request Disclosures by Insurers to General Account Policyholders, 62341-62342 [05-21597]

Download as PDF Federal Register / Vol. 70, No. 209 / Monday, October 31, 2005 / Notices 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 methodology and assumptions used; • 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. Agency: Employment and Training Administration (ETA). Type of Review: Revision of a currently approved collection. Title: Reporting and Performance Standards System for Migrant and Seasonal Farmworker Programs Under Title I, Section 167 of the Workforce Investment Act (WIA). OMB Number: 1205–0425. Frequency: Quarterly; Annually. Affected Public: State, Local or Tribal government; Not-for-profit institutions. Type of Response: Recordkeeping; Reporting. Number of Respondents: 53. Annual Responses: 29,871. Average Response time: 60.25 hours— combined annual time for filling out Form 9095 quarterly and Forms 9093 and 9094 annually. Total Annual Burden Hours: 70,562. Total Annualized Capital/Startup Costs: 0. Total Annual Costs (operating/ maintaining systems or purchasing services): 0. Description: This collection of information relates to the operation of employment and training programs for Migrant and Seasonal Farmworkers under title I, section 167 of the Workforce Investment Act (WIA). It also contains the basis of the new performance standards system for WIA section 167 grantees, which is used for program oversight, evaluation and performance assessment. Ira L. Mills, Departmental Clearance Officer. [FR Doc. 05–21598 Filed 10–28–05; 8:45 am] BILLING CODE 4510–30–P VerDate Aug<31>2005 15:29 Oct 28, 2005 Jkt 208001 DEPARTMENT OF LABOR Employee Benefits Security Administration Proposed Extension of Information Collection; Comment Request Disclosures by Insurers to General Account Policyholders ACTION: Notice. SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)), the Department of Labor (the Department) conducts a preclearance consultation program to provide the general public and Federal agencies with an opportunity to comment on proposed and continuing collections of information. This program helps to ensure that the data the Department gathers can be provided in the desired format, that the reporting burden on the public (time and financial resources) is minimized, that the public understands the Department’s collection instruments, and that the Department can accurately assess the impact of collection requirements on respondents. By this notice, the Department is soliciting comments concerning the information collection provisions of the regulation pertaining to section 401(c) of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The statute and the regulatory provisions codified at 29 CFR 2550.401c-1 require insurers that issue certain types of insurance policies to employee benefit plans to make specific one-time and annual disclosures to such plans if assets of the plan are held in the insurer’s general account. A copy of the ICR may be obtained by contacting the office listed in the ADDRESSES section of this notice. DATES: Written comments must be submitted to the office shown in the ADDRESSES section below on or before December 30, 2005. ADDRESSES: Interested parties are invited to submit written comments regarding the information collection request and burden estimates to: Gerald B. Lindrew, Office of Policy and Research, U.S. Department of Labor, Employee Benefits Security Administration, 200 Constitution Avenue, NW., Room N–5647, Washington, DC 20210. Telephone: (202) 693–8410; Fax: (202) 219–4745. These are not toll-free numbers. SUPPLEMENTARY INFORMATION: I. Background Section 1460 of the Small Business Job Protection Act of 1996 (Pub. L. 104– PO 00000 Frm 00049 Fmt 4703 Sfmt 4703 62341 188) amended ERISA by adding Section 401(c), which clarified the extent to which assets of an insurer’s general account constitute assets of an employee benefit plan when that insurer has issued policies for the benefit of the plan and such policies are supported by assets of the general account. Section 401(c) established certain requirements and disclosures for insurance companies that offer and maintain policies for employee benefit plans where the plans’ assets are held in the insurer’s general account. Section 401(c) also required the Secretary to provide guidance on the statutory requirements; such guidance was issued as a final rulemaking on January 5, 2000 (65 CFR 614). The regulation includes information collection provisions pertaining to one-time and annual disclosure obligations of insurers. The information collection provisions in the final rulemaking were submitted for review by the Office of Management and Budget (OMB) in an information collection request (ICR) in connection with promulgation of the final rulemaking and were approved by OMB under OMB Control No. 1210–0114. The ICR approval is scheduled to expire on January 31, 2006. II. Desired Focus of Comments The Department is particularly interested in comments that: • Evaluate whether the collections of information are 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 collections of information, including the validity of the methodology and assumptions used; • 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. III. Current Action The Employee Benefits Security Administration (EBSA) is requesting an extension of the currently approved ICR for the Disclosures by Insurers to General Account Policyholders. EBSA is not proposing or implementing changes to the regulation or to the existing ICR. A summary of the ICR and the current burden estimates follows: E:\FR\FM\31OCN1.SGM 31OCN1 62342 Federal Register / Vol. 70, No. 209 / Monday, October 31, 2005 / Notices Type of Review: Extension of a currently approved collection of information. DEPARTMENT OF LABOR Employee Benefits Security Administration, Department of Labor. Title: Disclosures by Insurers to General Account Policyholders. OMB Number: 1210–0114. Affected Public: Individuals or households; Business or other for-profit; Not-for-profit institutions. Respondents: 104. Frequency of Response: One-time; Annual. Responses: 123,500. Estimated Total Burden Hours: 466,667. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval of the information collection request; they will also become a matter of public record. AGENCY: Dated: October 25, 2005. Susan G. Lahne, Senior Pension Law Specialist, Office of Policy and Research, , Employee Benefits Security Administration. [FR Doc. 05–21597 Filed 10–28–05; 8:45 am] DEPARTMENT OF LABOR Employment and Training Administration Employment and Training Administration [TA–W–57,939] CMOR Manufacturing, Inc., Rocklin, CA; Notice of Termination of Investigation Pursuant to Section 221 of the Trade Act of 1974, an investigation was initiated on September 12, 2005 in response to a worker petition which was filed by the California ESS on behalf of workers at CMOR Manufacturing, Rocklin, California. The Department has been unable to locate company officials of the subject firm or to obtain the information necessary to reach a determination on worker group eligibility. Consequently, further investigation in this case would serve no purpose and the investigation has been terminated. Signed in Washington, DC, this 26th day of September 2005. Richard Church, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E5–6007 Filed 10–28–05; 8:45 am] BILLING CODE 4510–30–P BILLING CODE 4510–29–P DEPARTMENT OF LABOR DEPARTMENT OF LABOR Employment and Training Administration [TA–W–57,980] Employment and Training Administration Collins Supply & Equipment Co. Inc., Scranton, PA; Notice of Termination of Investigation [TA–W–57,711] Baxter; Deerfield, Illinois; Notice of Termination of Investigation Pursuant to Section 221 of the Trade Act of 1974, as amended, an investigation was initiated on August 11, 2005 in response to a petition filed by company official on behalf of workers of Baxter, Deerfield, Illinois. The petitioner has requested that the petition be withdrawn. Consequently, the investigation has been terminated. Signed at Washington, DC, this 20th day of September 2005. Linda G. Poole, Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E5–6009 Filed 10–28–05; 8:45 am] BILLING CODE 4510–30–P Pursuant to section 221 of the Trade Act of 1974, as amended, an investigation was initiated on September 15, 2005 in response to a petition filed by a company official on behalf of workers at Collins Supply & Equipment Co. Inc., Scranton, Pennsylvania. All workers were separated from the subject firm more than one year before the date of the petition. Section 223(b) of the Act specifies that no certification may apply to any worker whose last separation occurred more than one year before the date of the petition. Signed at Washington, DC, this 26th day of September, 2005. Linda G. Poole Certifying Officer, Division of Trade Adjustment Assistance. [FR Doc. E5–6005 Filed 10–28–05; 8:45 am] Investigations Regarding Certifications of Eligibility To Apply for Worker Adjustment Assistance Petitions have been filed with the Secretary of Labor under section 221(a) of the Trade Act of 1974 (‘‘the Act’’) and are identified in the Appendix to this notice. Upon receipt of these petitions, the Director of the Division of Trade Adjustment Assistance, Employment and Training Administration, has instituted investigations pursuant to section 221(a) of the Act. The purpose of each of the investigations is to determine whether the workers are eligible to apply for adjustment assistance under Title II, Chapter 2, of the Act. The investigations will further relate, as appropriate, to the determination of the date on which total or partial separations began or threatened to begin and the subdivision of the firm involved. The petitioners or any other persons showing a substantial interest in the subject matter of the investigations may request a public hearing, provided such request is filed in writing with the Director, Division of Trade Adjustment Assistance, at the address shown below, not later than November 10, 2005. Interested persons are invited to submit written comments regarding the subject matter of the investigations to the Director, Division of Trade Adjustment Assistance, at the address shown below, not later than November 10, 2005. The petitions filed in this case are available for inspection at the Office of the Director, Division of Trade Adjustment Assistance, Employment and Training Administration, U.S. Department of Labor, Room C–5311, 200 Constitution Avenue, NW., Washington, DC 20210. Signed at Washington, DC, this 19th day of October 2005. Douglas F. Small, Acting Director, Division of Trade Adjustment Assistance. BILLING CODE 4510–30–P VerDate Aug<31>2005 15:29 Oct 28, 2005 Jkt 208001 PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1

Agencies

[Federal Register Volume 70, Number 209 (Monday, October 31, 2005)]
[Notices]
[Pages 62341-62342]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-21597]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration


Proposed Extension of Information Collection; Comment Request 
Disclosures by Insurers to General Account Policyholders

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA 
95) (44 U.S.C. 3506(c)(2)(A)), the Department of Labor (the Department) 
conducts a preclearance consultation program to provide the general 
public and Federal agencies with an opportunity to comment on proposed 
and continuing collections of information. This program helps to ensure 
that the data the Department gathers can be provided in the desired 
format, that the reporting burden on the public (time and financial 
resources) is minimized, that the public understands the Department's 
collection instruments, and that the Department can accurately assess 
the impact of collection requirements on respondents.
    By this notice, the Department is soliciting comments concerning 
the information collection provisions of the regulation pertaining to 
section 401(c) of the Employee Retirement Income Security Act of 1974, 
as amended (ERISA). The statute and the regulatory provisions codified 
at 29 CFR 2550.401c-1 require insurers that issue certain types of 
insurance policies to employee benefit plans to make specific one-time 
and annual disclosures to such plans if assets of the plan are held in 
the insurer's general account. A copy of the ICR may be obtained by 
contacting the office listed in the ADDRESSES section of this notice.

DATES: Written comments must be submitted to the office shown in the 
ADDRESSES section below on or before December 30, 2005.

ADDRESSES: Interested parties are invited to submit written comments 
regarding the information collection request and burden estimates to: 
Gerald B. Lindrew, Office of Policy and Research, U.S. Department of 
Labor, Employee Benefits Security Administration, 200 Constitution 
Avenue, NW., Room N-5647, Washington, DC 20210. Telephone: (202) 693-
8410; Fax: (202) 219-4745. These are not toll-free numbers.

SUPPLEMENTARY INFORMATION: 

I. Background

    Section 1460 of the Small Business Job Protection Act of 1996 (Pub. 
L. 104-188) amended ERISA by adding Section 401(c), which clarified the 
extent to which assets of an insurer's general account constitute 
assets of an employee benefit plan when that insurer has issued 
policies for the benefit of the plan and such policies are supported by 
assets of the general account. Section 401(c) established certain 
requirements and disclosures for insurance companies that offer and 
maintain policies for employee benefit plans where the plans' assets 
are held in the insurer's general account. Section 401(c) also required 
the Secretary to provide guidance on the statutory requirements; such 
guidance was issued as a final rulemaking on January 5, 2000 (65 CFR 
614). The regulation includes information collection provisions 
pertaining to one-time and annual disclosure obligations of insurers. 
The information collection provisions in the final rulemaking were 
submitted for review by the Office of Management and Budget (OMB) in an 
information collection request (ICR) in connection with promulgation of 
the final rulemaking and were approved by OMB under OMB Control No. 
1210-0114. The ICR approval is scheduled to expire on January 31, 2006.

II. Desired Focus of Comments

    The Department is particularly interested in comments that:
     Evaluate whether the collections of information are 
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 collections of information, including the validity of the 
methodology and assumptions used;
     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.

III. Current Action

    The Employee Benefits Security Administration (EBSA) is requesting 
an extension of the currently approved ICR for the Disclosures by 
Insurers to General Account Policyholders. EBSA is not proposing or 
implementing changes to the regulation or to the existing ICR. A 
summary of the ICR and the current burden estimates follows:

[[Page 62342]]

    Type of Review: Extension of a currently approved collection of 
information.

AGENCY: Employee Benefits Security Administration, Department of Labor.
    Title: Disclosures by Insurers to General Account Policyholders.
    OMB Number: 1210-0114.
    Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
    Respondents: 104.
    Frequency of Response: One-time; Annual.
    Responses: 123,500.
    Estimated Total Burden Hours: 466,667.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of the information 
collection request; they will also become a matter of public record.

    Dated: October 25, 2005.
Susan G. Lahne,
Senior Pension Law Specialist, Office of Policy and Research, , 
Employee Benefits Security Administration.
[FR Doc. 05-21597 Filed 10-28-05; 8:45 am]
BILLING CODE 4510-29-P