Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates, 77198-77199 [E5-8006]

Download as PDF 77198 Federal Register / Vol. 70, No. 249 / Thursday, December 29, 2005 / Notices wwhite on PROD1PC65 with NOTICES Commissioners to discuss recent and planned activities. 4:15 p.m.–5:30 p.m.: Preparation of ACNW Reports/Letters (Open)—The Committee will discuss proposed ACNW reports on matters considered during this and/or previous meetings. Thursday, January 12, 2006 8:30 a.m.–8:35 a.m.: Opening Remarks by the ACNW Chairman (Open)—The ACNW Chairman will make opening remarks regarding the conduct of today’s sessions. 8:35 a.m.–11:45 a.m.: Discussion of ACNW Reports/Letters (Open)—The Committee will discuss prepared draft letters and determine whether letters would be written on topics discussed during the meeting. 11:45 a.m.–12:45 p.m.: Miscellaneous (Open)—The Committee will discuss matters related to the conduct of ACNW activities, and specific issues that were not completed during previous meetings, as time and availability of information permit. Discussions may include future Committee Meetings. Procedures for the conduct of and participation in ACNW meetings were published in the Federal Register on October 11, 2005 (70 FR 59081). In accordance with these procedures, oral or written statements may be presented by members of the public. Electronic recordings will be permitted only during those portions of the meeting that are open to the public. Persons desiring to make oral statements should notify Mr. Michael P. Lee (Telephone 301–415–6887), between 8:15 a.m. and 5 p.m. ET, as far in advance as practicable so that appropriate arrangements can be made to schedule the necessary time during the meeting for such statements. Use of still, motion picture, and television cameras during this meeting will be limited to selected portions of the meeting as determined by the ACNW Chairman. Information regarding the time to be set aside for taking pictures may be obtained by contacting the ACNW office prior to the meeting. In view of the possibility that the schedule for ACNW meetings may be adjusted by the Chairman as necessary to facilitate the conduct of the meeting, persons planning to attend should notify Mr. Lee as to their particular needs. Further information regarding topics to be discussed, whether the meeting has been canceled or rescheduled, the Chairman’s ruling on requests for the opportunity to present oral statements and the time allotted, therefore can be obtained by contacting Mr. Lee. ACNW meeting agenda, meeting transcripts, and letter reports are VerDate Aug<31>2005 18:56 Dec 28, 2005 Jkt 208001 available through the NRC Public Document Room (PDR) at pdr@nrc.gov, or by calling the PDR at 1–800–397– 4209, or from the Publicly Available Records System component of NRC’s document system (ADAMS) which is accessible from the NRC Web site at http://www.nrc.gov/reading-rm/ adams.html or http://www.nrc.gov/ reading-rm/doc-collections/ (ACRS & ACNW Mtg schedules/agendas). Video Teleconferencing service is available for observing open sessions of ACNW meetings. Those wishing to use this service for observing ACNW meetings should contact Mr. Theron Brown, ACNW Audiovisual Technician (301–415–8066), between 7:30 a.m. and 3:45 p.m. ET, at least 10 days before the meeting to ensure the availability of this service. Individuals or organizations requesting this service will be responsible for telephone line charges and for providing the equipment and facilities that they use to establish the video teleconferencing link. The availability of video teleconferencing services is not guaranteed. Dated: December 22, 2005. Andrew L. Bates, Advisory Committee Management Officer. [FR Doc. E5–8088 Filed 12–28–05; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION Advisory Committee on Reactor Safeguards Subcommittee Meeting on Planning and Procedures; Notice of Meeting handling anticipated heavy workload, proactive initiatives, knowledge management, ACRS subcommittee structure, and other activities related to the conduct of ACRS business. Friday, January 27, 2006–8:30 a.m. Until 1 p.m. The Subcommittee will discuss stakeholders’ comments received during ACRS self-assessment survey, significant technical challenges in certain areas, including advanced reactor designs, early site permits, extended power uprates, and riskinforming 10 CFR part 50, and other activities related to the conduct of ACRS business. The Subcommittee will gather information, analyze relevant issues and facts, and formulate proposed positions and actions, as appropriate, for deliberation by the full Committee. Members of the public desiring to provide oral statements and/or written comments should notify the Designated Federal Official, Dr. John T. Larkins (telephone: 301–415–7360) between 7:30 a.m. and 4:15 p.m. (ET) five days prior to the meeting, if possible, so that appropriate arrangements can be made. Electronic recordings will be permitted only during those portions of the meeting that are open to the public. Further information regarding this meeting can be obtained by contacting the Designated Federal Official between 7:30 a.m. and 4:15 p.m. (ET). Persons planning to attend this meeting are urged to contact the above named individual at least two working days prior to the meeting to be advised of any potential changes in the agenda. The ACRS Subcommittee on Planning and Procedures will hold a meeting on January 26–27, 2006, Bethesda North Marriott Hotel & Conference Center, Oakley Room , 5701 Marinelli Road, North Bethesda, Maryland. The entire meeting will be open to public attendance, with the exception of certain portions that may be closed pursuant to 5 U.S.C. 552b ( c) (2) and (6) to discuss organizational and personnel matters that relate solely to internal personnel rules and practices of ACRS, and information the release of which would constitute a clearly unwarranted invasion of personal privacy. The agenda for the subject meeting shall be as follows: Dated: December 22, 2005. Michael L. Scott, Branch Chief, ACRS/ACNW. [FR Doc. E5–8090 Filed 12–28–05; 8:45 am] Thursday, January 26, 2006–8:30 a.m. Until the Conclusion of Business The Subcommittee will discuss ACRS business processes, anticipated workload, future technical expertise needed on the ACRS, strategy for SUMMARY: The Pension Benefit Guaranty Corporation (‘‘PBGC’’) is requesting that the Office of Management and Budget (‘‘OMB’’) extend approval, under the Paperwork Reduction Act, of a collection of information (OMB control PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval. AGENCY: E:\FR\FM\29DEN1.SGM 29DEN1 wwhite on PROD1PC65 with NOTICES Federal Register / Vol. 70, No. 249 / Thursday, December 29, 2005 / Notices number 1212–0030; expires January 31, 2006). This voluntary collection of information is a quarterly survey of insurance company rates for pricing annuity contracts. The survey is conducted by the American Council of Life Insurers for the PBGC. This notice informs the public of the PBGC’s request and solicits public comment on the collection of information. DATES: Comments should be submitted by January 30, 2006. ADDRESSES: Comments may be mailed to the Office of Information and Regulatory Affairs of the Office of Management and Budget, Attn: Desk Officer for Pension Benefit Guaranty Corporation, Washington, DC 20503. Copies of the request for extension (including the collection of information) may be obtained without charge by writing to the PBGC’s Office of the General Counsel, Disclosure Division, suite 11– 102, 1200 K Street, NW., Washington, DC 20005–4026, or by visiting that office or calling 202–326–4040 during normal business hours. (TTY and TDD users may call the Federal relay service toll-free at 1–800–877–8339 and request connection to 202–326–4040.) FOR FURTHER INFORMATION CONTACT: Thomas H. Gabriel, Attorney, Legislative & Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026, 202–326–4024. (TTY and TDD users may call the Federal relay service toll-free at 1–800–877–8339 and request connection to 202–326–4024). SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation’s regulations prescribe actuarial valuation methods and assumptions (including interest rate assumptions) to be used in determining the actuarial present value of benefits under single-employer plans that terminate (29 CFR Part 4044) and under multiemployer plans that undergo a mass withdrawal of contributing employers (29 CFR Part 4281). Each month the PBGC publishes the interest rates to be used under those regulations for plans terminating or undergoing mass withdrawal during the next month. The interest rates are intended to reflect current conditions in the investment and annuity markets. To determine these interest rates, the PBGC gathers pricing data from insurance companies that are providing annuity contracts to terminating pension plans through a quarterly ‘‘Survey of Nonparticipating Single Premium Group Annuity Rates.’’ The survey is distributed by the American Council of Life Insurers and provides the PBGC with ‘‘blind’’ data (i.e., is conducted in VerDate Aug<31>2005 18:56 Dec 28, 2005 Jkt 208001 such a way that the PBGC is unable to match responses with the companies that submitted them). The information from the survey is also used by the PBGC in determining the interest rates it uses to value benefits payable to participants and beneficiaries in PBGCtrusteed plans for purposes of the PBGC’s financial statements. The survey is directed at insurance companies that have volunteered to participate, most or all of which are members of the American Council of Life Insurers. The survey is conducted quarterly and will be sent to approximately 22 insurance companies. Based on experience under the current approval, the PBGC estimates that 11 insurance companies will complete and return the survey. The PBGC further estimates that the average annual burden of this collection of information is 41 hours and $110. The collection of information has been approved by OMB under control number 1212–0030 through January 31, 2006. The PBGC is requesting that OMB extend its approval for another three years. 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. Issued in Washington, DC, this 19th day of December, 2005. Rick Hartt, Chief Technology Officer, Pension Benefit Guaranty Corporation. [FR Doc. E5–8006 Filed 12–28–05; 8:45 am] BILLING CODE 7708–01–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon written request, copies available from: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. Extension: Rule 22d–1, Sec File No. 270–275, OMB Control No. 3235–0310. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 [44 U.S.C. 3501–3520], the Securities and Exchange Commission (the ‘‘Commission’’) is soliciting comments on the collections of information summarized below. The Commission plans to submit these existing collections of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 77199 Rule 22d–1 [17 CFR 270.22d–1] under the Investment Company Act of 1940 (the ‘‘Act’’) provides registered investment companies that issue redeemable securities (‘‘funds’’) an exemption from section 22(d) of the Investment Company Act to the extent necessary to permit scheduled variations in or elimination of the sales load on fund securities for particular classes of investors or transactions, provided certain conditions are met. The rule imposes an annual burden per series of a fund of approximately 15 minutes, so that the total annual burden for the approximately 5,015 series of funds that might rely on the rule is estimated to be 1,254 hours. The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act, and is not derived from a comprehensive or even a representative survey or study. 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. Written comments are requested on: (a) Whether the collection of information is necessary for the proper performance of the functions of the Commission, including whether the information has practical utility; (b) the accuracy of the Commission’s estimate of the burden[s] of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information 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. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comments to R. Corey Booth, Director/Chief Information Officer, Office of Information Technology, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549. Dated: December 20, 2005. Jonathan G. Katz, Secretary. [FR Doc. E5–8050 Filed 12–28–05; 8:45 am] BILLING CODE 8010–01–P SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange, Commission Office of Filings and E:\FR\FM\29DEN1.SGM 29DEN1

Agencies

[Federal Register Volume 70, Number 249 (Thursday, December 29, 2005)]
[Notices]
[Pages 77198-77199]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-8006]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Survey of Nonparticipating Single Premium Group Annuity Rates

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

-----------------------------------------------------------------------

SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') is 
requesting that the Office of Management and Budget (``OMB'') extend 
approval, under the Paperwork Reduction Act, of a collection of 
information (OMB control

[[Page 77199]]

number 1212-0030; expires January 31, 2006). This voluntary collection 
of information is a quarterly survey of insurance company rates for 
pricing annuity contracts. The survey is conducted by the American 
Council of Life Insurers for the PBGC. This notice informs the public 
of the PBGC's request and solicits public comment on the collection of 
information.

DATES: Comments should be submitted by January 30, 2006.

ADDRESSES: Comments may be mailed to the Office of Information and 
Regulatory Affairs of the Office of Management and Budget, Attn: Desk 
Officer for Pension Benefit Guaranty Corporation, Washington, DC 20503. 
Copies of the request for extension (including the collection of 
information) may be obtained without charge by writing to the PBGC's 
Office of the General Counsel, Disclosure Division, suite 11-102, 1200 
K Street, NW., Washington, DC 20005-4026, or by visiting that office or 
calling 202-326-4040 during normal business hours. (TTY and TDD users 
may call the Federal relay service toll-free at 1-800-877-8339 and 
request connection to 202-326-4040.)

FOR FURTHER INFORMATION CONTACT: Thomas H. Gabriel, Attorney, 
Legislative & Regulatory Department, Pension Benefit Guaranty 
Corporation, 1200 K Street, NW., Washington, DC 20005-4026, 202-326-
4024. (TTY and TDD users may call the Federal relay service toll-free 
at 1-800-877-8339 and request connection to 202-326-4024).

SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation's 
regulations prescribe actuarial valuation methods and assumptions 
(including interest rate assumptions) to be used in determining the 
actuarial present value of benefits under single-employer plans that 
terminate (29 CFR Part 4044) and under multiemployer plans that undergo 
a mass withdrawal of contributing employers (29 CFR Part 4281). Each 
month the PBGC publishes the interest rates to be used under those 
regulations for plans terminating or undergoing mass withdrawal during 
the next month.
    The interest rates are intended to reflect current conditions in 
the investment and annuity markets. To determine these interest rates, 
the PBGC gathers pricing data from insurance companies that are 
providing annuity contracts to terminating pension plans through a 
quarterly ``Survey of Nonparticipating Single Premium Group Annuity 
Rates.'' The survey is distributed by the American Council of Life 
Insurers and provides the PBGC with ``blind'' data (i.e., is conducted 
in such a way that the PBGC is unable to match responses with the 
companies that submitted them). The information from the survey is also 
used by the PBGC in determining the interest rates it uses to value 
benefits payable to participants and beneficiaries in PBGC-trusteed 
plans for purposes of the PBGC's financial statements.
    The survey is directed at insurance companies that have volunteered 
to participate, most or all of which are members of the American 
Council of Life Insurers. The survey is conducted quarterly and will be 
sent to approximately 22 insurance companies. Based on experience under 
the current approval, the PBGC estimates that 11 insurance companies 
will complete and return the survey. The PBGC further estimates that 
the average annual burden of this collection of information is 41 hours 
and $110.
    The collection of information has been approved by OMB under 
control number 1212-0030 through January 31, 2006. The PBGC is 
requesting that OMB extend its approval for another three years. 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.

    Issued in Washington, DC, this 19th day of December, 2005.
Rick Hartt,
Chief Technology Officer, Pension Benefit Guaranty Corporation.
 [FR Doc. E5-8006 Filed 12-28-05; 8:45 am]
BILLING CODE 7708-01-P