Labor Organization Officer and Employee Report, Form LM-30, 38484 [E7-13534]

Download as PDF 38484 Federal Register / Vol. 72, No. 134 / Friday, July 13, 2007 / Rules and Regulations (2) Employers are prohibited from accepting a substitute form developed by an employee, and the employee submitting such form will be treated as failing to furnish a withholding exemption certificate. For further guidance regarding the employer’s obligations when an employee is treated as failing to furnish a withholding exemption certificate, see § 31.3402(f)(2)–1. (3) Effective/applicability date. Paragraph (a)(1) applies on April 14, 2005. Paragraph (a)(2) applies to any substitute withholding exemption certificate furnished to an employer on or after October 11, 2007. * * * * * the same paragraph. This document corrects those omissions. EFFECTIVE DATE: Effective on August 16, 2007. FOR FURTHER INFORMATION CONTACT: Kay H. Oshel, Director, Office of Policy, Reports, and Disclosure, Office of LaborManagement Standards, U.S. Department of Labor, 200 Constitution Avenue NW., Room N–5609, Washington, DC 20210, olmspublic@dol.gov, (202) 693–1233 (this is not a toll-free number). Individuals with hearing impairments may call 1–800– 877–8339 (TTY/TDD). SUPPLEMENTARY INFORMATION: § 31.3402(f)(5)–1T The final rule that is the subject of this correction appeared in the Federal Register of July 2, 2007, (72 FR 36106); the final rule revised the Form LM–30, Labor Organization Officer and Employee Report, its instructions, and related provisions in the Department’s regulations. The rule implemented section 202 of the Labor-Management Reporting and Disclosure Act of 1959, 29 U.S. 432, whose purpose is to require officers and employees of labor organizations to report specified financial transactions and holdings to effect public disclosure of any possible conflicts of interest with their duty to the labor organization and its members. A paragraph in the preamble to the final rule, at 72 FR 36113, left blank the effective date of the rule and the beginning date for the mandatory submission of Form LM–30 reports filed under the rule. This correction remedies this inadvertent omission by inserting the appropriate dates. [Removed] Par. 5. Section 31.3402(f)(5)–1T is removed. I Kevin Brown, Deputy Commissioner for Services and Enforcement. Approved: July 2, 2007. Eric Solomon, Assistant Secretary of the Treasury (Tax Policy). [FR Doc. E7–13492 Filed 7–12–07; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF LABOR Office of Labor-Management Standards 29 CFR Part 404 RIN 1215–AB49 Labor Organization Officer and Employee Report, Form LM–30 Background Need for Correction Office of Labor-Management Standards, Employment Standards Administration, Department of Labor. ACTION: Final rule; correction. mstockstill on PROD1PC66 with RULES AGENCY: As published, the final rule omits the pertinent dates from the paragraph, at 72 FR 36113 (col. 3), that describes the prospective effect of the final rule. SUMMARY: The Employment Standards Administration’s Office of LaborManagement Standards (‘‘OLMS’’) of the Department of Labor is correcting a final rule that appeared in the Federal Register of July 2, 2007, (72 FR 36106). That document revised the Form LM– 30, Labor Organization Officer and Employee Report, its instructions, and related provisions in the Department’s regulations. In that document, the effective date of the final rule (August 16, 2007) was omitted from one paragraph in the preamble and the beginning date for the mandatory submission of Form LM–30 reports filed under the final rule (November 16, 2008) was inadvertently omitted from Correction VerDate Aug<31>2005 16:47 Jul 12, 2007 Jkt 211001 Accordingly, the preamble to the final rule (FR Doc. 07–3155), is corrected as follows: Section II, Subsection A [Corrected] On page 36113, in the third column, the last paragraph of Section II, subsection A, is corrected to read: DOL is applying these changes prospectively only. This final rule will apply to fiscal years beginning on or after August 16, 2007. Therefore, no report subject to today’s rule will be due until at least November 16, 2008. There is ample time from publication of this final rule until November 16, 2008 for all filers to obtain any information they PO 00000 Frm 00022 Fmt 4700 Sfmt 4700 need to comply with the filing requirements. Signed at Washington, DC this 9th day of July, 2007. Dixon M. Wilson, Deputy Assistant Secretary for Employment Standards. [FR Doc. E7–13534 Filed 7–12–07; 8:45 am] BILLING CODE 4510–CP–P PENSION BENEFIT GUARANTY CORPORATION 29 CFR Parts 4022 and 4044 Benefits Payable in Terminated SingleEmployer Plans; Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits Pension Benefit Guaranty Corporation. ACTION: Final rule. AGENCY: SUMMARY: The Pension Benefit Guaranty Corporation’s regulations on Benefits Payable in Terminated Single-Employer Plans and Allocation of Assets in Single-Employer Plans prescribe interest assumptions for valuing and paying benefits under terminating singleemployer plans. This final rule amends the regulations to adopt interest assumptions for plans with valuation dates in August 2007. Interest assumptions are also published on the PBGC’s Web site (http://www.pbgc.gov). DATES: Effective August 1, 2007. FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Manager, Regulatory and Policy Division, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005, 202–326– 4024. (TTY/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’s regulations prescribe actuarial assumptions—including interest assumptions—for valuing and paying plan benefits of terminating singleemployer plans covered by title IV of the Employee Retirement Income Security Act of 1974. The interest assumptions are intended to reflect current conditions in the financial and annuity markets. Three sets of interest assumptions are prescribed: (1) A set for the valuation of benefits for allocation purposes under section 4044 (found in Appendix B to Part 4044), (2) a set for the PBGC to use to determine whether a benefit is payable as a lump sum and to determine E:\FR\FM\13JYR1.SGM 13JYR1

Agencies

[Federal Register Volume 72, Number 134 (Friday, July 13, 2007)]
[Rules and Regulations]
[Page 38484]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13534]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF LABOR

Office of Labor-Management Standards

29 CFR Part 404

RIN 1215-AB49


Labor Organization Officer and Employee Report, Form LM-30

AGENCY: Office of Labor-Management Standards, Employment Standards 
Administration, Department of Labor.

ACTION: Final rule; correction.

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

SUMMARY: The Employment Standards Administration's Office of Labor-
Management Standards (``OLMS'') of the Department of Labor is 
correcting a final rule that appeared in the Federal Register of July 
2, 2007, (72 FR 36106). That document revised the Form LM-30, Labor 
Organization Officer and Employee Report, its instructions, and related 
provisions in the Department's regulations. In that document, the 
effective date of the final rule (August 16, 2007) was omitted from one 
paragraph in the preamble and the beginning date for the mandatory 
submission of Form LM-30 reports filed under the final rule (November 
16, 2008) was inadvertently omitted from the same paragraph. This 
document corrects those omissions.

EFFECTIVE DATE: Effective on August 16, 2007.

FOR FURTHER INFORMATION CONTACT: Kay H. Oshel, Director, Office of 
Policy, Reports, and Disclosure, Office of Labor-Management Standards, 
U.S. Department of Labor, 200 Constitution Avenue NW., Room N-5609, 
Washington, DC 20210, olms-public@dol.gov, (202) 693-1233 (this is not 
a toll-free number). Individuals with hearing impairments may call 1-
800-877-8339 (TTY/TDD).

SUPPLEMENTARY INFORMATION: 

Background

    The final rule that is the subject of this correction appeared in 
the Federal Register of July 2, 2007, (72 FR 36106); the final rule 
revised the Form LM-30, Labor Organization Officer and Employee Report, 
its instructions, and related provisions in the Department's 
regulations. The rule implemented section 202 of the Labor-Management 
Reporting and Disclosure Act of 1959, 29 U.S. 432, whose purpose is to 
require officers and employees of labor organizations to report 
specified financial transactions and holdings to effect public 
disclosure of any possible conflicts of interest with their duty to the 
labor organization and its members. A paragraph in the preamble to the 
final rule, at 72 FR 36113, left blank the effective date of the rule 
and the beginning date for the mandatory submission of Form LM-30 
reports filed under the rule. This correction remedies this inadvertent 
omission by inserting the appropriate dates.

Need for Correction

    As published, the final rule omits the pertinent dates from the 
paragraph, at 72 FR 36113 (col. 3), that describes the prospective 
effect of the final rule.

Correction

    Accordingly, the preamble to the final rule (FR Doc. 07-3155), is 
corrected as follows:

Section II, Subsection A [Corrected]

    On page 36113, in the third column, the last paragraph of Section 
II, subsection A, is corrected to read:
    DOL is applying these changes prospectively only. This final rule 
will apply to fiscal years beginning on or after August 16, 2007. 
Therefore, no report subject to today's rule will be due until at least 
November 16, 2008. There is ample time from publication of this final 
rule until November 16, 2008 for all filers to obtain any information 
they need to comply with the filing requirements.

    Signed at Washington, DC this 9th day of July, 2007.
Dixon M. Wilson,
Deputy Assistant Secretary for Employment Standards.
 [FR Doc. E7-13534 Filed 7-12-07; 8:45 am]
BILLING CODE 4510-CP-P