Agency Forms Submitted for OMB Review, Request for Comments, 38632-38633 [E7-13689]

Download as PDF 38632 Federal Register / Vol. 72, No. 134 / Friday, July 13, 2007 / Notices The following table lists the required interest rates to be used in determining variable-rate premiums for premium payment years beginning between August 2006 and July 2007. Underpayments and Overpayments of Multiemployer Withdrawal Liability For premium payment years beginning in: The required interest rate is: August 2006 ......................... September 2006 ................... October 2006 ........................ November 2006 .................... December 2006 .................... January 2007 ........................ February 2007 ...................... March 2007 ........................... April 2007 ............................. May 2007 .............................. June 2007 ............................. July 2007 .............................. 5.36 5.19 5.06 5.05 4.90 5.75 5.89 5.85 5.84 5.98 6.01 6.32 Late Premium Payments; Underpayments and Overpayments of Single-Employer Plan Termination Liability Section 4007(b) of ERISA and § 4007.7(a) of the PBGC’s regulation on Payment of Premiums (29 CFR part 4007) require the payment of interest on late premium payments at the rate established under section 6601 of the Internal Revenue Code. Similarly, 4062.7 of the PBGC’s regulation on Liability for Termination of SingleEmployer Plans (29 CFR part 4062) requires that interest be charged or credited at the section 6601 rate on underpayments and overpayments of employer liability under section 4062 of ERISA. The section 6601 rate is established periodically (currently quarterly) by the Internal Revenue Service. The rate applicable to the third quarter (July through September) of 2007, as announced by the IRS, is 8 percent. The following table lists the late payment interest rates for premiums and employer liability for the specified time periods: pwalker on PROD1PC71 with NOTICES From Through 7/1/01 ................ 1/1/02 ................ 1/1/03 ................ 10/1/03 .............. 4/1/04 ................ 7/1/04 ................ 10/1/04 .............. 4/1/05 ................ 10/1/05 .............. 7/1/06 ................ VerDate Aug<31>2005 Interest rate (percent) 12/31/01 12/31/02 9/30/03 3/31/04 6/30/04 9/30/04 3/31/05 9/30/05 6/30/06 9/30/07 19:31 Jul 12, 2007 7 6 5 4 5 4 5 6 7 8 Jkt 211001 Section 4219.32(b) of the PBGC’s regulation on Notice, Collection, and Redetermination of Withdrawal Liability (29 CFR part 4219) specifies the rate at which a multiemployer plan is to charge or credit interest on underpayments and overpayments of withdrawal liability under section 4219 of ERISA unless an applicable plan provision provides otherwise. For interest accruing during any calendar quarter, the specified rate is the average quoted prime rate on short-term commercial loans for the fifteenth day (or the next business day if the fifteenth day is not a business day) of the month preceding the beginning of the quarter, as reported by the Board of Governors of the Federal Reserve System in Statistical Release H.15 (‘‘Selected Interest Rates’’). The rate for the third quarter (July through September) of 2007 (i.e., the rate reported for June 15, 2007) is 8.25 percent. The following table lists the withdrawal liability underpayment and overpayment interest rates for the specified time periods: From Through 7/1/01 ................ 10/1/01 .............. 1/1/02 ................ 1/1/03 ................ 10/1/03 .............. 10/1/04 .............. 1/1/05 ................ 4/1/05 ................ 7/1/05 ................ 10/1/05 .............. 1/1/06 ................ 4/1/06 ................ 7/1/06 ................ 10/1/06 .............. Interest rate (percent) 9/30/01 12/31/01 12/31/02 9/30/03 9/30/04 12/31/04 3/31/05 6/30/05 9/30/05 12/31/05 3/31/06 6/30/06 9/30/06 9/30/07 7.00 6.50 4.75 4.25 4.00 4.50 5.25 5.50 6.00 6.50 7.25 7.50 8.00 8.25 Multiemployer Plan Valuations Following Mass Withdrawal The PBGC’s regulation on Duties of Plan Sponsor Following Mass Withdrawal (29 CFR part 4281) prescribes the use of interest assumptions under the PBGC’s regulation on Allocation of Assets in Single-Employer Plans (29 CFR part 4044). The interest assumptions applicable to valuation dates in August 2007 under part 4044 are contained in an amendment to part 4044 published elsewhere in today’s Federal Register. Tables showing the assumptions applicable to prior periods are codified in appendix B to 29 CFR part 4044. PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 Issued in Washington, DC, on this 9th day of July 2007. Vincent K. Snowbarger, Deputy Director, Pension Benefit Guaranty Corporation. [FR Doc. E7–13595 Filed 7–12–07; 8:45 am] BILLING CODE 7709–01–P RAILROAD RETIREMENT BOARD Agency Forms Submitted for OMB Review, Request for Comments SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the Railroad Retirement Board (RRB) is forwarding an Information Collection Request (ICR) to the Office of Information and Regulatory Affairs (OIRA), Office of Management and Budget (OMB) for the following collection of information: 3220–0136, Public Service Pension Questionnaires. Review and approval by OIRA ensures that we impose appropriate paperwork burdens. The RRB invites comments on the proposed collection of information to determine (1) the practical utility of the collection; (2) the accuracy of the estimated burden of the collection; (3) ways to enhance the quality, utility and clarity of the information that is the subject of collection; and (4) ways to minimize the burden of collections on respondents, including the use of automated collection techniques or other forms of information technology. Comments to RRB or OIRA must contain the OMB control number of the ICR. For proper consideration of your comments, it is best if RRB and OIRA receive them within 30 days of publication date. Public Law 95–216 amended the Social Security Act of 1977 by providing, in part, that spouse or survivor benefits may be reduced when the beneficiary is in receipt of a pension based on employment with a Federal, State, or local governmental unit. Initially, the reduction was equal to the full amount of the government pension. Public Law 98–21 changed the reduction to two-thirds of the amount of the government pension. Public Law 108–203 amended the Social Security Act by changing the requirement for exemption to public service offset, that Federal Insurance Contributions Act (FICA) taxes be deducted from the public service wages for the last 60 months of public service employment, rather than just the last day of public service employment. Sections 4(a)(1) and 4(f)(1) of the Railroad Retirement Act (RRA) provides that a spouse or survivor annuity should be equal in amount to what the E:\FR\FM\13JYN1.SGM 13JYN1 Federal Register / Vol. 72, No. 134 / Friday, July 13, 2007 / Notices pwalker on PROD1PC71 with NOTICES annuitant would receive if entitled to a like benefit from the Social Security Administration. Therefore, the public service pension (PSP) provisions apply to RRA annuities. RRB Regulations pertaining to the collection of evidence relating to public service pensions or worker’s compensation paid to spouse or survivor applicants or annuitants are found in 20 CFR 219.64c. The RRB utilizes Form G–208, Public Service Pension Questionnaire, and Form G–212, Public Service Monitoring Questionnaire, to obtain information used to determine whether an annuity reduction is in order. The RRB proposes no changes to Form G–208. Non-burden impacting editorial and formatting changes are proposed to Form G–212. The RRB estimates the completion time for RRB Form G–208 at 16 minutes and G–212 at 15 minutes. Our ICR describes the information we seek to collect from the public. If a respondent fails to complete the form(s), the RRB may be unable to pay them benefits. One response is required from a respondent. Previous Requests for Comments: The RRB has already published the initial 60-day notice (72 FR 14628 on March 28, 2007) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Public Service Pension Questionnaires. OMB Control Number: 3220–0136 Form(s) submitted: G–208, Public Service Pension Questionnaire; G–212, Public Service Monitoring Questionnaire. Type of request: Revision of a currently approved collection. Affected public: Individuals or households. Abstract: A spouse or survivor annuity under the Railroad Retirement Act may be subjected to a reduction for a public service pension. The questionnaires obtain information needed to determine if the reduction applies and the amount of such reduction. Changes Proposed: The RRB proposes no changes to Form G–208 and minor, non-burden impacting editorial changes to Form G–212. The burden estimate for the ICR is as follows: Estimated annual number of respondents: 1,170. Total annual responses: 1,170. Total annual reporting hours: 294. ADDITIONAL INFORMATION OR COMMENTS: Copies of the forms and supporting documents can be obtained from VerDate Aug<31>2005 19:05 Jul 12, 2007 Jkt 211001 Charles Mierzwa, the agency clearance officer (312–751–3363) or 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 Ronald.Hodapp@rrb.gov and to the OMB Desk Officer for the RRB, at the Office of Management and Budget, Room 10230, New Executive Office Building, Washington, DC 20503. Charles Mierzwa, Clearance Officer. [FR Doc. E7–13689 Filed 7–12–07; 8:45 am] BILLING CODE 7905–01–P RAILROAD RETIREMENT BOARD Agency Forms Submitted for OMB Review, Request for Comments SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the Railroad Retirement Board (RRB) is forwarding an Information Collection Request (ICR) to the Office of Information and Regulatory Affairs (OIRA), Office of Management and Budget (OMB) for the following collection of information: 3220–0196, Investigation of Claim for Possible Days of Employment. Our ICR describes the information we seek to collect from the public. Review and approval by OIRA ensures that we impose appropriate paperwork burdens. The RRB invites comments on the collection of information to determine (1) the practical utility of the collection; (2) the accuracy of the estimated burden of the collection; (3) ways to enhance the quality, utility and clarity of the information that is the subject of collection; and (4) ways to minimize the burden of collections on respondents, including the use of automated collection techniques or other forms of information technology. Comments to RRB or OIRA must contain the OMB control number of the ICR. For proper consideration of your comments, it is best if RRB and OIRA receive them within 30 days of publication date. 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 PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 38633 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 a 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 Form ID–5S(SUP), Report of Cases for Which All Days Were Claimed During a Month Credited Per an Adjustment Report, to collect information about compensation credited to an employee during a period when the employee claimed either unemployment or sickness benefits from a railroad employer. The request is generated as a result of a computer match that compares data which is maintained in the RRB’s RUIA Benefit Payment file with data maintained in the RRB’s records of service. The ID– 5S(SUP) is generated annually when the computer match indicates that an employee(s) of the railroad employer was paid unemployment or sickness benefits for every day in one or more months for which creditable compensation was adjusted due to the receipt of a report of creditable compensation adjustment (RRB FORM BA–4, OMB Approved 3220–0008) from their railroad employer. The computer generated Form ID– 5S(SUP) includes pertinent identifying information, the BA–4 adjustment process date and the claimed months in question. Space is provided on the report for the employer’s use in supplying the information requested in the computer generated transmittal letter, Form ID–5S, which accompanies the report. To our knowledge no other agency uses forms similar to Form ID– 5S(SUP). Completion is voluntary. One response is requested of each respondent. The RRB estimates that 80 responses are received annually and that the estimated completion time is 10 minutes for each response. The RRB proposes non-burden impacting editorial changes to Form ID– 5S(SUP) and Form ID–5S. Previous Requests for Comments: The RRB has already published the initial 60-day notice (72 FR 8206–8207 on February 23, 2007) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. E:\FR\FM\13JYN1.SGM 13JYN1

Agencies

Railroad Retirement Board

[Federal Register Volume 72, Number 134 (Friday, July 13, 2007)]
[Notices]
[Pages 38632-38633]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13689]


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RAILROAD RETIREMENT BOARD


Agency Forms Submitted for OMB Review, Request for Comments

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 
U.S.C. Chapter 35), the Railroad Retirement Board (RRB) is forwarding 
an Information Collection Request (ICR) to the Office of Information 
and Regulatory Affairs (OIRA), Office of Management and Budget (OMB) 
for the following collection of information: 3220-0136, Public Service 
Pension Questionnaires. Review and approval by OIRA ensures that we 
impose appropriate paperwork burdens.
    The RRB invites comments on the proposed collection of information 
to determine (1) the practical utility of the collection; (2) the 
accuracy of the estimated burden of the collection; (3) ways to enhance 
the quality, utility and clarity of the information that is the subject 
of collection; and (4) ways to minimize the burden of collections on 
respondents, including the use of automated collection techniques or 
other forms of information technology. Comments to RRB or OIRA must 
contain the OMB control number of the ICR. For proper consideration of 
your comments, it is best if RRB and OIRA receive them within 30 days 
of publication date.
    Public Law 95-216 amended the Social Security Act of 1977 by 
providing, in part, that spouse or survivor benefits may be reduced 
when the beneficiary is in receipt of a pension based on employment 
with a Federal, State, or local governmental unit. Initially, the 
reduction was equal to the full amount of the government pension.
    Public Law 98-21 changed the reduction to two-thirds of the amount 
of the government pension. Public Law 108-203 amended the Social 
Security Act by changing the requirement for exemption to public 
service offset, that Federal Insurance Contributions Act (FICA) taxes 
be deducted from the public service wages for the last 60 months of 
public service employment, rather than just the last day of public 
service employment.
    Sections 4(a)(1) and 4(f)(1) of the Railroad Retirement Act (RRA) 
provides that a spouse or survivor annuity should be equal in amount to 
what the

[[Page 38633]]

annuitant would receive if entitled to a like benefit from the Social 
Security Administration. Therefore, the public service pension (PSP) 
provisions apply to RRA annuities.
    RRB Regulations pertaining to the collection of evidence relating 
to public service pensions or worker's compensation paid to spouse or 
survivor applicants or annuitants are found in 20 CFR 219.64c.
    The RRB utilizes Form G-208, Public Service Pension Questionnaire, 
and Form G-212, Public Service Monitoring Questionnaire, to obtain 
information used to determine whether an annuity reduction is in order. 
The RRB proposes no changes to Form G-208. Non-burden impacting 
editorial and formatting changes are proposed to Form G-212. The RRB 
estimates the completion time for RRB Form G-208 at 16 minutes and G-
212 at 15 minutes.
    Our ICR describes the information we seek to collect from the 
public. If a respondent fails to complete the form(s), the RRB may be 
unable to pay them benefits. One response is required from a 
respondent.
    Previous Requests for Comments: The RRB has already published the 
initial 60-day notice (72 FR 14628 on March 28, 2007) required by 44 
U.S.C. 3506(c)(2). That request elicited no comments.

Information Collection Request (ICR)

    Title: Public Service Pension Questionnaires.
    OMB Control Number: 3220-0136
    Form(s) submitted: G-208, Public Service Pension Questionnaire; G-
212, Public Service Monitoring Questionnaire.
    Type of request: Revision of a currently approved collection.
    Affected public: Individuals or households.
    Abstract: A spouse or survivor annuity under the Railroad 
Retirement Act may be subjected to a reduction for a public service 
pension. The questionnaires obtain information needed to determine if 
the reduction applies and the amount of such reduction.
    Changes Proposed: The RRB proposes no changes to Form G-208 and 
minor, non-burden impacting editorial changes to Form G-212.
    The burden estimate for the ICR is as follows:
     Estimated annual number of respondents: 1,170.
     Total annual responses: 1,170.
     Total annual reporting hours: 294.

ADDITIONAL INFORMATION OR COMMENTS:  Copies of the forms and supporting 
documents can be obtained from Charles Mierzwa, the agency clearance 
officer (312-751-3363) or 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 Ronald.Hodapp@rrb.gov and to the OMB 
Desk Officer for the RRB, at the Office of Management and Budget, Room 
10230, New Executive Office Building, Washington, DC 20503.

Charles Mierzwa,
Clearance Officer.
[FR Doc. E7-13689 Filed 7-12-07; 8:45 am]
BILLING CODE 7905-01-P

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