Agency Forms Submitted for OMB Review, Request for Comments, 39645 [E7-13982]

Download as PDF Federal Register / Vol. 72, No. 138 / Thursday, July 19, 2007 / Notices CONTACT PERSON FOR MORE INFORMATION: Requests for information about the meeting should be addressed to the Secretary of the Board, Wendy A. Hocking, at (202) 268–4800. Wendy A. Hocking, Secretary. [FR Doc. 07–3549 Filed 7–17–07; 3:22 pm] BILLING CODE 7710–12–M RAILROAD RETIREMENT BOARD cprice-sewell on PROD1PC66 with NOTICES 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: 3220–0149, Withholding Certificate for Railroad Retirement Monthly Annuity Payments. 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. The Internal Revenue Code requires all payers of tax liable private pensions to U.S. citizens to: (1) Notify each recipient at least concurrent with initial withholding that the payer is, in fact, withholding benefits for tax liability and that the recipient has the option of electing not to have the payer withhold, or to withhold at a specific rate; (2) withhold benefits for tax purposes (in the absence of the recipient’s election not to withhold benefits); and (3) notify all beneficiaries, at least annually, that they have the option of changing their withholding status or elect not to have benefits withheld. The Railroad Retirement Board provides Form RRB–W4P, Withholding Certificate for Railroad Retirement Payments, to its annuitants to exercise their withholding options. Completion VerDate Aug<31>2005 15:31 Jul 18, 2007 Jkt 211001 of the form is required to obtain or retain a benefit. One response is requested of each respondent. No changes are being proposed to the current version of Form RRB W–4P used by the RRB. The RRB estimates that 25,000 annuitants utilize Form RRB W– 4P annually. The completion time for Form RRB W–4P varies depending on individual circumstances. The estimated average(s) for Form RRB W– 4P is 39 minutes for recordkeeping, 24 minutes for learning about the law or the form, and 59 minutes for preparing the form. 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 April 27, 2007) required by 44 U.S.C. 3506(c)(2). That request elicited no comments. Information Collection Request (ICR) Title: Withholding Certificate for Railroad Retirement Monthly Annuity Payments. OMB Control Number: 3220–0149. Form(s) submitted: RRB–W–4P, Withholding Certificate for Railroad Retirement Monthly Annuity Payments. Type of request: Reinstatement with change of a previously approved collection. Affected public: Individuals or households. Abstract: Under Public Law 98–76, railroad retirement beneficiaries’ Tier II, dual vested and supplemental benefits are subject to income tax under private pension rules. Under Public Law 99– 514, the non-social security equivalent benefit portion of Tier 1 is also taxable under private pension rules. The collection obtains the information needed by the Railroad Retirement Board to implement the income tax withholding provisions. Changes Proposed: The RRB proposes no changes to Form RRB–W–4P. The Burden Estimate for the ICR is as follows: Estimated annual number of respondents: 25,000. Total annual responses: 25,000. Total annual reporting hours: 1. 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 PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 39645 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. E7–13982 Filed 7–18–07; 8:45 am] BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Filings and Information Services, Washington, DC 20549. Extension: Rule 19b–5 and Form PILOT, SEC File No. 270–448, OMB Control No. 3235–0507. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) has submitted to the Office of Management and Budget a request for extension of the previously approved collection of information discussed below. Rule 19b–5 (17 CFR 240.19b–5) provides a temporary exemption from the rule-filing requirements of section 19(b) of the Securities Exchange Act of 1934 (17 U.S.C. 78a et seq.) (‘‘Act’’) to self-regulatory organizations (‘‘SROs’’) wishing to establish and operate pilot trading systems. Rule 19b–5 permits an SRO to develop a pilot trading system and to begin operation of such system shortly after submitting an initial report on Form PILOT to the Commission. During operation of the pilot trading system, the SRO must submit quarterly reports of the system’s operation to the Commission, as well as timely amendments describing any material changes to the system. After two years of operating such pilot trading system under the exemption afforded by Rule 19b–5, the SRO must submit a rule filing pursuant to section 19(b)(2) of the Act in order to obtain permanent approval of the pilot trading system from the Commission. The collection of information is designed to allow the Commission to maintain an accurate record of all new pilot trading systems operated by SROs and to determine whether an SRO has properly availed itself of the exemption afforded by Rule 19b–5. E:\FR\FM\19JYN1.SGM 19JYN1

Agencies

[Federal Register Volume 72, Number 138 (Thursday, July 19, 2007)]
[Notices]
[Page 39645]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13982]


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

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: 3220-0149, Withholding 
Certificate for Railroad Retirement Monthly Annuity Payments. 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.
    The Internal Revenue Code requires all payers of tax liable private 
pensions to U.S. citizens to: (1) Notify each recipient at least 
concurrent with initial withholding that the payer is, in fact, 
withholding benefits for tax liability and that the recipient has the 
option of electing not to have the payer withhold, or to withhold at a 
specific rate; (2) withhold benefits for tax purposes (in the absence 
of the recipient's election not to withhold benefits); and (3) notify 
all beneficiaries, at least annually, that they have the option of 
changing their withholding status or elect not to have benefits 
withheld.
    The Railroad Retirement Board provides Form RRB-W4P, Withholding 
Certificate for Railroad Retirement Payments, to its annuitants to 
exercise their withholding options. Completion of the form is required 
to obtain or retain a benefit. One response is requested of each 
respondent.
    No changes are being proposed to the current version of Form RRB W-
4P used by the RRB. The RRB estimates that 25,000 annuitants utilize 
Form RRB W-4P annually. The completion time for Form RRB W-4P varies 
depending on individual circumstances. The estimated average(s) for 
Form RRB W-4P is 39 minutes for recordkeeping, 24 minutes for learning 
about the law or the form, and 59 minutes for preparing the form.
    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 April 27, 2007) required by 44 
U.S.C. 3506(c)(2). That request elicited no comments.

Information Collection Request (ICR)

    Title: Withholding Certificate for Railroad Retirement Monthly 
Annuity Payments.
    OMB Control Number: 3220-0149.
    Form(s) submitted: RRB-W-4P, Withholding Certificate for Railroad 
Retirement Monthly Annuity Payments.
    Type of request: Reinstatement with change of a previously approved 
collection.
    Affected public: Individuals or households.
    Abstract: Under Public Law 98-76, railroad retirement 
beneficiaries' Tier II, dual vested and supplemental benefits are 
subject to income tax under private pension rules. Under Public Law 99-
514, the non-social security equivalent benefit portion of Tier 1 is 
also taxable under private pension rules. The collection obtains the 
information needed by the Railroad Retirement Board to implement the 
income tax withholding provisions.
    Changes Proposed: The RRB proposes no changes to Form RRB-W-4P.
    The Burden Estimate for the ICR is as follows:
    Estimated annual number of respondents: 25,000.
    Total annual responses: 25,000.
    Total annual reporting hours: 1.
    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. E7-13982 Filed 7-18-07; 8:45 am]
BILLING CODE 7905-01-P