Proposed Collection; Comment Request, 66991-66992 [E6-19426]
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66991
Federal Register / Vol. 71, No. 222 / Friday, November 17, 2006 / Notices
RAILROAD RETIREMENT BOARD
Proposed Collection; Comment
Request
Summary: In accordance with the
requirement of Section 3506(c)(2)(A) of
the Paperwork Reduction Act of 1995
which provides opportunity for public
comment on new or revised data
collections, the Railroad Retirement
Board (RRB) will publish periodic
summaries of proposed data collections.
Comments are invited on: (a) Whether
the proposed information collection is
necessary for the proper performance of
the functions of the agency, including
whether the information has practical
utility; (b) the accuracy of the RRB’s
estimate of the burden of the collection
of the information; (c) ways to enhance
the quality, utility, and clarity of the
information to be collected; and (d)
ways to minimize the burden related to
the collection of information on
respondents, including the use of
automated collection techniques or
other forms of information technology.
Title and purpose of information
collection: RUIA Investigations and
Continuing Entitlement; OMB 3220–
0025.
Under Section 1(k) of the Railroad
Unemployment Insurance Act (RUIA),
unemployment and sickness benefits are
not payable for any day with respect to
which remuneration is payable or
accrues to the claimant. Also Section
4(a-1) of the RUIA provides that
unemployment or sickness benefits are
not payable for any day the claimant
receives the same benefits under any
law other than the RUIA. Under
Railroad Retirement Board (RRB)
regulations, 20 CFR 322.4(a), a
claimant’s certification or statement on
an RRB provided claim form that he or
she did not work on any day claimed
and did not receive income such as
vacation pay or pay for time lost shall
constitute sufficient evidence unless
there is conflicting evidence. Further,
under 20 CFR 322.4(b), when there is
question raised as to whether or not
remuneration is payable or has accrued
to a claimant with respect to a claimed
day or days, investigation shall be made
with a view to obtaining information
sufficient for a finding. The RRB utilizes
the following four forms to obtain
information from railroad employers,
nonrailroad employers and claimants,
that are needed to determine whether a
claimed days or days of unemployment
or sickness were improperly or
fraudulently claimed: Form ID–5I, Letter
to Non-Railroad Employers on
Employment and Earnings of a
Claimant; Form ID–5R(SUP), Report of
Employees Paid RUIA Benefits for Every
Day in Month Reported as Month of
Creditable Service; Form ID–49R, Letter
to Railroad Employer for Payroll
Information; and Form UI–48,
Claimant’s Statement Regarding Benefit
Claim for Days of Employment.
Completion is voluntary. One response
is requested of each respondent. The
RRB proposes no changes to these
forms.
To qualify for unemployment or
sickness benefits payable under Section
2 of the Railroad Unemployment
Insurance Act (RUIA), a railroad
employee must have certain qualifying
earnings in the applicable base year. In
addition, to qualify for extended or
accelerated benefits under Section 2 of
the RUIA, a railroad employee who has
exhausted his or her rights to normal
benefits must have at least 10 years of
railroad service (under certain
conditions, military service may be
credited as months of railroad service).
Accelerated benefits are unemployment
or sickness benefits that are payable to
a railroad employee before the regular
July 1 beginning date of a benefit year
if an employee has 10 or more years of
service and is not qualified for benefits
in the current benefit year.
During the RUIA claims review
process, the RRB may determine that
unemployment or sickness benefits
Annual
responses
Form No.
jlentini on PROD1PC65 with NOTICES
cannot be awarded because RRB records
show insufficient qualifying service
and/or compensation. When this occurs,
the RRB allows the claimant the
opportunity to provide additional
information if they believe that the RRB
service and compensation records are
incorrect.
Depending on the circumstances, the
RRB provides the following form(s) to
obtain information needed to determine
if a claimant has sufficient service or
compensation to qualify for
unemployment or sickness benefits.
Form UI–9, Applicant’s Statement of
Employment and Wages, Form UI–23,
Claimant’s Statement of Service for
Railroad Unemployment Insurance
Benefits, Form UI–44, Claim for Credit
for Military Service (RUIA), Form ID–
4F, Advising of Ineligibility for RUIA
Benefits, Form ID–4U, Advising of
Service/Earnings Requirements for
RUIA Benefits, Form ID–4X, Advising of
Service/Earnings Requirements for
Sickness Benefits, Form ID–4Y,
Advising of Ineligibility for Sickness
Benefits, Form ID–20–1, Advising that
Normal Unemployment Benefits Are
About to Be Exhausted, Form ID–20–2,
Advising the Normal Sickness Benefits
Are About to Be Exhausted, and Form
ID–20–4, Advising That Normal
Sickness Benefits Are About to Be
Exhausted/Non-Entitlement.
Completion of these forms is required to
obtain or retain a benefit. One response
is required of each respondent. The RRB
proposes a change to Forms ID–4F, ID–
4U, ID–4X, ID–4Y, ID–20–1, ID–20–2,
ID–20–4 to request information
regarding an employee’s military service
entry and discharge dates. The
information will be requested because
the inclusion of the employee’s military
service, may give the employee enough
creditable service months for additional
benefits. No other changes are proposed.
The burden associated with the
information collection is estimated as
follows:
ID–5I ............................................................................................................................................
ID–5R(SUP) .................................................................................................................................
ID–49R .........................................................................................................................................
UI–48 ...........................................................................................................................................
UI–9 .............................................................................................................................................
UI–23 ...........................................................................................................................................
UI–44 ...........................................................................................................................................
ID–4F ...........................................................................................................................................
ID–4U ...........................................................................................................................................
ID–4X ...........................................................................................................................................
ID–4Y ...........................................................................................................................................
ID–20–1 .......................................................................................................................................
ID–20–2 .......................................................................................................................................
VerDate Aug<31>2005
16:31 Nov 16, 2006
Jkt 211001
PO 00000
Frm 00085
Fmt 4703
Sfmt 4703
E:\FR\FM\17NON1.SGM
4,500
900
250
250
800
600
150
25
150
100
25
50
100
17NON1
Completion
time
(minutes)
15
10
15
12
10
5
5
5
5
5
5
5
5
Burden hours
1,125
150
63
50
133
50
13
2
13
8
2
4
8
66992
Federal Register / Vol. 71, No. 222 / Friday, November 17, 2006 / Notices
Completion
time
(minutes)
Annual
responses
Form No.
Burden hours
ID–20–4 .......................................................................................................................................
5
5
1
Total ......................................................................................................................................
7,905
........................
1,622
Additional Information or Comments:
To request more information or to
obtain a copy of the information
collection justification, forms, and/or
supporting material, please call the RRB
Clearance Officer at (312) 751–3363 or
send an e-mail request to
Charles.Mierzwa@RRB.gov. Comments
regarding the information collection
should be addressed to Ronald J.
Hodapp, Railroad Retirement Board, 844
North Rush Street, Chicago, Illinois
60611–2092 or send an e-mail to
Ronald.Hodapp@RRB.gov. To ensure
proper consideration, comments should
be received within 60 days of this
notice.
Charles Mierzwa,
Clearance Officer.
[FR Doc. E6–19426 Filed 11–16–06; 8:45 am]
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
27551; 812–13227]
Allegiant Funds, et al.; Notice of
Application
November 13, 2006.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice of an application under
section 6(c) of the Investment Company
Act of 1940 (the ‘‘Act’’) for an
exemption from section 15(a) of the Act
and rule 18f–2 under the Act.
jlentini on PROD1PC65 with NOTICES
AGENCY:
Summary of Application: The
requested order would permit certain
registered open-end management
investment companies to enter into and
materially amend subadvisory
agreements without shareholder
approval.
Applicants: Allegiant Funds and
Allegiant Advantage Fund (the ‘‘Trusts’)
and Allegiant Asset Management
Company (the ‘‘Adviser’’).
Filing Dates: The application was
filed on August 25, 2005 and amended
on June 28, 2006 and November 8, 2006.
Hearing or Notification of Hearing: An
order granting the application will be
issued unless the Commission orders a
hearing. Interested persons may request
a hearing by writing to the
VerDate Aug<31>2005
16:31 Nov 16, 2006
Jkt 211001
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on December 8, 2006, and
should be accompanied by proof of
service on applicants, in the form of an
affidavit or, for lawyers, a certificate of
service. Hearing requests should state
the nature of the writer’s interest, the
reasons for the request, and the issues
contested. Persons who wish to be
notified of a hearing may request
notification by writing to the
Commission’s Secretary.
ADDRESSES: Secretary, Commission, 100
F Street, NE., Washington, DC 20549–
1090. Applicants, c/o Audrey C. Talley,
Drinker Biddle & Reath, LLP, One Logan
Square, 18th & Cherry Streets,
Philadelphia, PA 19103.
FOR FURTHER INFORMATION CONTACT:
Lewis B. Reich, Senior Counsel, at (202)
551–6919, or Stacy L. Fuller, Branch
Chief, at (202) 551–6821 (Division of
Investment Management, Office of
Investment Company Regulation).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained for a fee from the
Commission’s Public Reference Branch,
100 F Street, NE, Washington, DC
20549–0102 (telephone (202) 551–5850).
Applicants’ Representations:
1. The Trusts, Massachusetts business
trusts, are registered under the Act as
open-end management investment
companies. Each Trust currently offers
one or more series (‘‘Funds’’), each of
which has its own investment
objectives, policies and restrictions.1
2. The Adviser is registered under the
Investment Advisers Act of 1940 (the
1 Applicants also request relief with respect to
future series of each Trust and any other existing
or future registered open-end management
investment company or series thereof that: (a) is
advised by the Adviser or a person controlling,
controlled by or under common control with the
Adviser; (b) uses the management structure
described in the application; and (c) complies with
the terms and conditions of the application
(included in the term ‘‘Funds’’). The only existing
registered open-end management investment
companies that currently intend to rely on the
requested order are named as applicants. If the
name of any Fund contains the name of a
Subadviser (as defined below), the name of the
Adviser or the name of the entity controlling,
controlled by, or under common control with the
Adviser that serves as the primary adviser to the
Fund will precede the name of the Subadviser.
PO 00000
Frm 00086
Fmt 4703
Sfmt 4703
‘‘Advisers Act’’) and serves as
investment adviser to each Fund
pursuant to an investment advisory
agreement with the respective Trust
(‘‘Advisory Agreement’’) that was
approved by the board of trustees of the
Trust (the ‘‘Board’’), including a
majority of the trustees who are not
‘‘interested persons,’’ as defined in
section 2(a)(19) of the Act
(‘‘Independent Trustees’’), and the
shareholders of each Fund. Under the
Advisory Agreement, the Adviser
receives a fee from each Fund payable
monthly at an annual rate based on the
average daily net assets of the Fund.
Under the Advisory Agreement, the
Adviser may delegate investment
advisory responsibilities to one or more
subadvisers (‘‘Subadvisers’’) who have
discretionary authority to invest all or a
portion of the Fund’s assets pursuant to
a separate subadvisory agreement
(‘‘Subadvisory Agreement’’). The
Adviser selects Subadvisers based on
the Adviser’s continuing evaluation of
their skills in managing assets pursuant
to particular investment styles. Each
Subadviser is and will be an investment
adviser registered under the Advisers
Act. For its services to a Fund, the
Adviser pays each Subadviser out of the
investment advisory fee the Adviser
receives from the Fund.
3. Applicants request relief to permit
the Adviser, subject to Board approval,
to enter into and materially amend
Subadvisory Agreements without
shareholder approval. The requested
relief will not extend to a Subadviser
that is an affiliated person, as defined in
section 2(a)(3) of the Act, of a Fund or
the Adviser, other than by reason of
serving as a Subadviser to one or more
of the Funds (an ‘‘Affiliated
Subadviser’’).
Applicants’ Legal Analysis:
1. Section 15(a) of the Act provides,
in relevant part, that it is unlawful for
any person to act as an investment
adviser to a registered investment
company except pursuant to a written
contract that has been approved by the
vote of a majority of the company’s
outstanding voting securities. Rule
18f–2 under the Act provides that each
series or class of stock in a series
company affected by a matter must
approve such matter if the Act requires
shareholder approval.
E:\FR\FM\17NON1.SGM
17NON1
]]>Agencies
[Federal Register Volume 71, Number 222 (Friday, November 17, 2006)]
[Notices]
[Pages 66991-66992]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-19426]
[[Page 66991]]
=======================================================================
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RAILROAD RETIREMENT BOARD
Proposed Collection; Comment Request
Summary: In accordance with the requirement of Section
3506(c)(2)(A) of the Paperwork Reduction Act of 1995 which provides
opportunity for public comment on new or revised data collections, the
Railroad Retirement Board (RRB) will publish periodic summaries of
proposed data collections.
Comments are invited on: (a) Whether the proposed information
collection is necessary for the proper performance of the functions of
the agency, including whether the information has practical utility;
(b) the accuracy of the RRB's estimate of the burden of the collection
of the information; (c) ways to enhance the quality, utility, and
clarity of the information to be collected; and (d) ways to minimize
the burden related to the collection of information on respondents,
including the use of automated collection techniques or other forms of
information technology.
Title and purpose of information collection: RUIA Investigations
and Continuing Entitlement; OMB 3220-0025.
Under Section 1(k) of the Railroad Unemployment Insurance Act
(RUIA), unemployment and sickness benefits are not payable for any day
with respect to which remuneration is payable or accrues to the
claimant. Also Section 4(a-1) of the RUIA provides that unemployment or
sickness benefits are not payable for any day the claimant receives the
same benefits under any law other than the RUIA. Under Railroad
Retirement Board (RRB) regulations, 20 CFR 322.4(a), a claimant's
certification or statement on an RRB provided claim form that he or she
did not work on any day claimed and did not receive income such as
vacation pay or pay for time lost shall constitute sufficient evidence
unless there is conflicting evidence. Further, under 20 CFR 322.4(b),
when there is question raised as to whether or not remuneration is
payable or has accrued to a claimant with respect to a claimed day or
days, investigation shall be made with a view to obtaining information
sufficient for a finding. The RRB utilizes the following four forms to
obtain information from railroad employers, nonrailroad employers and
claimants, that are needed to determine whether a claimed days or days
of unemployment or sickness were improperly or fraudulently claimed:
Form ID-5I, Letter to Non-Railroad Employers on Employment and Earnings
of a Claimant; Form ID-5R(SUP), Report of Employees Paid RUIA Benefits
for Every Day in Month Reported as Month of Creditable Service; Form
ID-49R, Letter to Railroad Employer for Payroll Information; and Form
UI-48, Claimant's Statement Regarding Benefit Claim for Days of
Employment. Completion is voluntary. One response is requested of each
respondent. The RRB proposes no changes to these forms.
To qualify for unemployment or sickness benefits payable under
Section 2 of the Railroad Unemployment Insurance Act (RUIA), a railroad
employee must have certain qualifying earnings in the applicable base
year. In addition, to qualify for extended or accelerated benefits
under Section 2 of the RUIA, a railroad employee who has exhausted his
or her rights to normal benefits must have at least 10 years of
railroad service (under certain conditions, military service may be
credited as months of railroad service). Accelerated benefits are
unemployment or sickness benefits that are payable to a railroad
employee before the regular July 1 beginning date of a benefit year if
an employee has 10 or more years of service and is not qualified for
benefits in the current benefit year.
During the RUIA claims review process, the RRB may determine that
unemployment or sickness benefits cannot be awarded because RRB records
show insufficient qualifying service and/or compensation. When this
occurs, the RRB allows the claimant the opportunity to provide
additional information if they believe that the RRB service and
compensation records are incorrect.
Depending on the circumstances, the RRB provides the following
form(s) to obtain information needed to determine if a claimant has
sufficient service or compensation to qualify for unemployment or
sickness benefits. Form UI-9, Applicant's Statement of Employment and
Wages, Form UI-23, Claimant's Statement of Service for Railroad
Unemployment Insurance Benefits, Form UI-44, Claim for Credit for
Military Service (RUIA), Form ID-4F, Advising of Ineligibility for RUIA
Benefits, Form ID-4U, Advising of Service/Earnings Requirements for
RUIA Benefits, Form ID-4X, Advising of Service/Earnings Requirements
for Sickness Benefits, Form ID-4Y, Advising of Ineligibility for
Sickness Benefits, Form ID-20-1, Advising that Normal Unemployment
Benefits Are About to Be Exhausted, Form ID-20-2, Advising the Normal
Sickness Benefits Are About to Be Exhausted, and Form ID-20-4, Advising
That Normal Sickness Benefits Are About to Be Exhausted/Non-
Entitlement. Completion of these forms is required to obtain or retain
a benefit. One response is required of each respondent. The RRB
proposes a change to Forms ID-4F, ID-4U, ID-4X, ID-4Y, ID-20-1, ID-20-
2, ID-20-4 to request information regarding an employee's military
service entry and discharge dates. The information will be requested
because the inclusion of the employee's military service, may give the
employee enough creditable service months for additional benefits. No
other changes are proposed.
The burden associated with the information collection is estimated
as follows:
----------------------------------------------------------------------------------------------------------------
Annual Completion
Form No. responses time (minutes) Burden hours
----------------------------------------------------------------------------------------------------------------
ID-5I........................................................... 4,500 15 1,125
ID-5R(SUP)...................................................... 900 10 150
ID-49R.......................................................... 250 15 63
UI-48........................................................... 250 12 50
UI-9............................................................ 800 10 133
UI-23........................................................... 600 5 50
UI-44........................................................... 150 5 13
ID-4F........................................................... 25 5 2
ID-4U........................................................... 150 5 13
ID-4X........................................................... 100 5 8
ID-4Y........................................................... 25 5 2
ID-20-1......................................................... 50 5 4
ID-20-2......................................................... 100 5 8
[[Page 66992]]
ID-20-4......................................................... 5 5 1
-----------------------------------------------
Total....................................................... 7,905 .............. 1,622
----------------------------------------------------------------------------------------------------------------
Additional Information or Comments: To request more information or
to obtain a copy of the information collection justification, forms,
and/or supporting material, please call the RRB Clearance Officer at
(312) 751-3363 or send an e-mail request to Charles.Mierzwa@RRB.gov.
Comments regarding the information collection should be addressed to
Ronald J. Hodapp, Railroad Retirement Board, 844 North Rush Street,
Chicago, Illinois 60611-2092 or send an e-mail to
Ronald.Hodapp@RRB.gov. To ensure proper consideration, comments should
be received within 60 days of this notice.
Charles Mierzwa,
Clearance Officer.
[FR Doc. E6-19426 Filed 11-16-06; 8:45 am]
BILLING CODE 7905-01-P
