Submission of Information Collection for OMB Review; Comment Request; Qualified Domestic Relations Orders Submitted to the PBGC, 33778-33779 [E6-9065]

Download as PDF 33778 Federal Register / Vol. 71, No. 112 / Monday, June 12, 2006 / Notices impact of the proposed action. The State official had no comments. Finding of No Significant Impact On the basis of the environmental assessment, the NRC concludes that the proposed action will not have a significant effect on the quality of the human environment. Accordingly, the NRC has determined not to prepare an environmental impact statement for the proposed action. For further details with respect to the proposed action, see the licensee’s letter dated July 9, 2004. Documents may be examined, and/or copied for a fee, at the NRC’s Public Document Room (PDR), located at One White Flint North, 11555 Rockville Pike (first floor), Rockville, Maryland. Publicly available records will be accessible electronically from the Agencywide Documents Access and Management System (ADAMS) Public Electronic Reading Room on the Internet at the NRC Web site, https:// www.nrc.gov/reading-rm/adams.html. Persons who do not have access to ADAMS or who encounter problems in accessing the documents located in ADAMS should contact the NRC PDR Reference NRC staff by telephone at 1– 800–397–4209 or 301–415–4737, or send an e-mail to pdr@nrc.gov. Dated at Rockville, Maryland, this 30th day of May 2006. For the Nuclear Regulatory Commission. Margaret H. Chernoff, Project Manager, Plant Licensing Branch II– 2, Division of Operating Reactor Licensing, Office of Nuclear Reactor Regulation. [FR Doc. E6–9058 Filed 6–9–06; 8:45 am] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Qualified Domestic Relations Orders Submitted to the PBGC Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval. dsatterwhite on PROD1PC76 with NOTICES AGENCY: SUMMARY: The Pension Benefit Guaranty Corporation (‘‘PBGC’’) is requesting that the Office of Management and Budget (‘‘OMB’’) approve a revision of a collection of information under the Paperwork Reduction Act. The information collection relates to qualified domestic relations orders submitted to the PBGC. This notice informs the public of the PBGC’s request and solicits public comment on the collection of information. VerDate Aug<31>2005 19:52 Jun 09, 2006 Jkt 208001 Comments should be submitted by July 12, 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 Disclosure Division of the Office of the General Counsel of PBGC at 1200 K Street, NW., 11th Floor, Washington, DC 20005–4026, or by visiting or calling (202–326–4040) the Disclosure Division during normal business hours. (TTY and TDD users may call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4040.) FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney, Legislative and 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 ask to be connected to 202–326–4024.) SUPPLEMENTARY INFORMATION: The PBGC is requesting that OMB extend its approval (with modifications) of the guidance and model language and forms contained in the PBGC booklet, Divorce Orders & PBGC. 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, the 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. However, Title I of ERISA provides an exception for domestic relations orders that relate to child support, alimony payments, or the 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 qualified, i.e., a qualified domestic relations order, or ‘‘QDRO.’’ ERISA provides that pension plans are required to comply with only those domestic relations orders which are QDROs, and that the decision as to whether a domestic relations order is a QDRO is made by the plan administrator. Thus, as statutory trustee of terminated plans, PBGC must first determine whether any domestic relations order submitted to DATES: PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 PBGC is qualified—i.e., is a QDRO— before any obligation to comply is triggered. 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 QDRO are established by statute. The models and guidance provided in the PBGC booklet, Divorce Orders & PBGC (the booklet’s title will be changed to Qualified Domestic Relations Orders & PBGC, to better reflect its scope), assists parties by making it easier to comply with ERISA’s QDRO requirements when drafting orders for plans trusteed by PBGC. The booklet does not create any additional requirements. The PBGC is revising the QDRO booklet by: Defining a participant’s ‘‘earliest PBGC retirement date,’’ which affects when a participant and alternate payee may start receiving benefit payments; describing new annuity benefit forms that are available to alternate payees; providing information on how to make a Freedom of Information Act (FOIA) request to obtain information necessary for the preparation of a domestic relations order; and providing additional model forms and language to address a greater variety of situations. The revised booklet will be available on the PBGC’s Web site at https://www.pbgc.gov. The collection of information has been approved through December 31, 2006, by OMB under control number 1212–0054. The PBGC is requesting that OMB approve the revised collection of information for 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. PBGC estimates that it will receive an average of 875 domestic relations orders annually, and estimates 855 of these will be prepared by attorneys or other professionals. The average hour burden for the alternate payee or participant is .75 hours if the order is prepared by a professional. In the case where the alternate payee or participant prepares the order, the average hour burden is estimated to be 10 hours. The total annual hour burden for alternate payees and participants is thus 841.25 hours ((855 × .75 hour = 641.25) + (20 × 10 = 200) = 841.25 hours). If the alternate payee or participant hires an attorney, PBGC estimates costs of $450 to $880 in professional fees for each order. PBGC estimates the total annual burden will be 841.25 hours of the alternate payee’s E:\FR\FM\12JNN1.SGM 12JNN1 Federal Register / Vol. 71, No. 112 / Monday, June 12, 2006 / Notices or participant’s time, and professional costs of $384,750 to $752,400. Issued in Washington, DC, this 6th day of June, 2006. Cris Birch, Acting Chief Technology Officer, Pension Benefit Guaranty Corporation. [FR Doc. E6–9065 Filed 6–9–06; 8:45 am] BILLING CODE 7708–01–P DEPARTMENT OF STATE [Public Notice 5439] 60-Day Notice of Proposed Information Collection: DS–2029, Application for Consular Report of Birth of a Citizen of the United States of America, OMB Control No.1405–0011 Notice of request for public comments. dsatterwhite on PROD1PC76 with NOTICES ACTION: SUMMARY: The Department of State is seeking Office of Management and Budget (OMB) approval for the information collection described below. The purpose of this notice is to allow 60 days for public comment in the Federal Register preceding submission to OMB. We are conducting this process in accordance with the Paperwork Reduction Act of 1995. Title of Information Collection: Application for Consular Report of Birth Abroad of a Citizen of the United States of America. OMB Control Number: 1405–0011. Type of Request: Extension of a currently approved collection. Originating Office: Consular Affairs, Office of Overseas Citizen Services (CA/ OCS). Form Number: DS–2029. Respondents: Parents or legal guardians of United States citizen children born overseas. Estimated Number of Respondents: 52,000 per year. Estimated Number of Responses: 52,000. Average Hours per Response: 20 minutes. Total Estimated Burden: 17,333. Frequency: On occasion. Obligation to Respond: Voluntary. DATES: The Department will accept comments from the public up to 60 days from June 12, 2006. ADDRESSES: You may submit comments by any of the following methods: E-mail: GawMA@state.gov. Mail (paper, disk, or CD–ROM submissions): Department of State, Bureau of Consular Affairs, Office of Overseas Citizens Services, SA–29 4th Floor, 2100 Pennsylvania Avenue, NW., Washington, DC 20037. Fax: 202–736– 9111. VerDate Aug<31>2005 19:52 Jun 09, 2006 Jkt 208001 33779 Hand Delivery or Courier: see above. You must include the DS form number (if applicable), information collection title, and OMB control number in any correspondence. FOR FURTHER INFORMATION CONTACT: Direct requests for additional information regarding the collection listed in this notice, including requests for copies of the proposed information collection and supporting documents, to Monica Gaw, Department of State, Bureau of Consular Affairs, Office of Overseas Citizens Services, SA–29 4th Floor, 2100 Pennsylvania Avenue, NW., Washington, DC 20037, who may be reached on 202–736–9107, and GawMA@state.gov. SUPPLEMENTARY INFORMATION: We are soliciting public comments to permit the Department to: • Evaluate whether the proposed information collection is necessary for the proper performance of our functions. • Evaluate the accuracy of our estimate of the burden of the proposed collection, including the validity of the methodology and assumptions used. • Enhance the quality, utility, and clarity of the information to be collected. • Minimize the reporting burden on those who are to respond, including the use of automated collection techniques or other forms of technology. DEPARTMENT OF STATE Abstract of Proposed Collection The DS–2029, Application for Consular Report of Birth Abroad of a Citizen of the United States of America, is used by citizens of the United States to report the birth of a child while overseas. The information collected on this form will be used to certify the acquisition of U.S. citizenship at birth of a person born abroad and can be used by that child throughout life. Dated: May 30, 2006. Daniel Fried, Assistant Secretary of State For European and Eurasian Affairs, Department of State. [FR Doc. E6–9133 Filed 6–9–06; 8:45 am] Methodology The DS–2029 will be available to download from the Internet. An application for a Consular Report of Birth is normally made in the consular district in which the birth occurred. The parent respondents will fill the form out and take it to a United States Consulate or Embassy, who will examine the documentation and enter the information provided into the Department of State American Citizen Services (ACS) electronic database. Dated: May 24, 2006. Wanda L. Nesbitt, Acting Assistant Secretary, Bureau of Consular Affairs, Department of State. [FR Doc. E6–9134 Filed 6–9–06; 8:45 am] BILLING CODE 4710–06–P PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 [Public Notice 5438] Determination on U.S. Position on Proposed World Bank Group’s International Financial Corporation (IFC) Projects in Bosnia and Herzegovina Pursuant to section 561 of the Foreign Operations, Export Financing, and Related Programs Appropriations Act, 2006 (Pub. L. 109–102) (FOAA), and Department of State Delegation of Authority Number 289, I hereby determine that the proposed 4.0 million Euro ICF investment package to transform the Ekonomic Kredit Institution (EKI) from a not-for-profit into a commercial financial organization and the 3.0 million Euro IFC investment package to transform MIBOSPO into a commercial financial organization to increase their micro lending capacities, will contribute to a stronger economy in Bosnia and Herzegovina, directly supporting implementation of the Dayton Accords. I therefore waive the application of section 561 of the FOAA to the extent that provision would otherwise prevent the U.S. Executive Directors of the IFC from voting in favor of these projects. This Determination shall be reported to the Congress and published in the Federal Register. BILLING CODE 4710–23–P DEPARTMENT OF STATE [Public Notice 5440] International Joint Commission; Notice of Public Comment Period; International Lake Ontario-St. Lawrence River Study The International Joint Commission will hold a 60-day public comment period on the report of its International Lake Ontario-St. Lawrence River Study Board, which was released on May 31, 2006. The Study Board report presents the Commission with options for regulating the outflows from Lake Ontario through the international hydropower project at Cornwall, Ontario and Massena, New York. The five-year study improves the understanding of how regulation affects the environment, recreational boating, flooding, shoreline erosion, navigation, hydropower production and municipal E:\FR\FM\12JNN1.SGM 12JNN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 71, Number 112 (Monday, June 12, 2006)]
[Notices]
[Pages 33778-33779]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9065]


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PENSION BENEFIT GUARANTY CORPORATION


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

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'') approve a 
revision of a collection of information under the Paperwork Reduction 
Act. The information collection relates to qualified domestic relations 
orders submitted to 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 July 12, 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 
Disclosure Division of the Office of the General Counsel of PBGC at 
1200 K Street, NW., 11th Floor, Washington, DC 20005-4026, or by 
visiting or calling (202-326-4040) the Disclosure Division during 
normal business hours. (TTY and TDD users may call the Federal relay 
service toll-free at 1-800-877-8339 and ask to be connected to 202-326-
4040.)

FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney, Legislative 
and 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 ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: The PBGC is requesting that OMB extend its 
approval (with modifications) of the guidance and model language and 
forms contained in the PBGC booklet, Divorce Orders & PBGC.
    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, the 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. However, Title I of ERISA provides an exception 
for domestic relations orders that relate to child support, alimony 
payments, or the 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 qualified, i.e., a 
qualified domestic relations order, or ``QDRO.'' ERISA provides that 
pension plans are required to comply with only those domestic relations 
orders which are QDROs, and that the decision as to whether a domestic 
relations order is a QDRO is made by the plan administrator. Thus, as 
statutory trustee of terminated plans, PBGC must first determine 
whether any domestic relations order submitted to PBGC is qualified--
i.e., is a QDRO--before any obligation to comply is triggered.
    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 QDRO are established by statute. The models and guidance provided in 
the PBGC booklet, Divorce Orders & PBGC (the booklet's title will be 
changed to Qualified Domestic Relations Orders & PBGC, to better 
reflect its scope), assists parties by making it easier to comply with 
ERISA's QDRO requirements when drafting orders for plans trusteed by 
PBGC. The booklet does not create any additional requirements.
    The PBGC is revising the QDRO booklet by: Defining a participant's 
``earliest PBGC retirement date,'' which affects when a participant and 
alternate payee may start receiving benefit payments; describing new 
annuity benefit forms that are available to alternate payees; providing 
information on how to make a Freedom of Information Act (FOIA) request 
to obtain information necessary for the preparation of a domestic 
relations order; and providing additional model forms and language to 
address a greater variety of situations. The revised booklet will be 
available on the PBGC's Web site at https://www.pbgc.gov.
    The collection of information has been approved through December 
31, 2006, by OMB under control number 1212-0054. The PBGC is requesting 
that OMB approve the revised collection of information for 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.
    PBGC estimates that it will receive an average of 875 domestic 
relations orders annually, and estimates 855 of these will be prepared 
by attorneys or other professionals. The average hour burden for the 
alternate payee or participant is .75 hours if the order is prepared by 
a professional. In the case where the alternate payee or participant 
prepares the order, the average hour burden is estimated to be 10 
hours. The total annual hour burden for alternate payees and 
participants is thus 841.25 hours ((855 x .75 hour = 641.25) + (20 x 10 
= 200) = 841.25 hours). If the alternate payee or participant hires an 
attorney, PBGC estimates costs of $450 to $880 in professional fees for 
each order. PBGC estimates the total annual burden will be 841.25 hours 
of the alternate payee's

[[Page 33779]]

or participant's time, and professional costs of $384,750 to $752,400.

    Issued in Washington, DC, this 6th day of June, 2006.
Cris Birch,
Acting Chief Technology Officer, Pension Benefit Guaranty Corporation.
 [FR Doc. E6-9065 Filed 6-9-06; 8:45 am]
BILLING CODE 7708-01-P

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