Proposed Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of Single-Employer Plans, 65629-65630 [E7-22791]

Download as PDF Federal Register / Vol. 72, No. 224 / Wednesday, November 21, 2007 / Notices three-tiered approach for allowing TS changes are met. The risk impact of the proposed TS changes was assessed following the three-tiered approach recommended in RG 1.177. A risk assessment was performed to justify the proposed TS changes. The net change to the margin of safety is insignificant. Therefore, this change does not involve a significant reduction in a margin of safety. Based upon the reasoning presented above and the previous discussion of the amendment request, the requested change does not involve a significant hazards consideration. Dated at Rockville, Maryland, this 14th day of November, 2007. For the Nuclear Regulatory Commission. Timothy J. Kobetz, Section Chief, Technical Specifications Branch, Division of Inspection & Regional Support, Office of Nuclear Reactor Regulation. [FR Doc. E7–22738 Filed 11–20–07; 8:45 am] BILLING CODE 7590–01–P FY 2008 Cost of Outpatient Medical, Dental, and Pharmacy Services Furnished by Department of Defense Medical Treatment Facilities; Certain Rates Regarding Recovery From Tortiously Liable Third Persons Office of Management and Budget, Executive Office of the President. ACTION: Notice. AGENCY: By virtue of the authority vested in the President by section 2(a) of Pub. L. 87–603 (76 Stat. 593; 42 U.S.C. 2652), and delegated to the Director of the Office of Management and Budget by the President through Executive Order No. 11541 of July 1, 1970, the rates referenced below are hereby established. These rates are for use in connection with the recovery from tortiously liable third persons for the cost of outpatient medical, dental and pharmacy services furnished by military treatment facilities through the Department of Defense (DoD). The rates have been established in accordance with the requirements of OMB Circular A–25, requiring reimbursement of the full cost of all services provided. The outpatient medical and dental rates referenced are effective upon publication of this notice in the Federal Register and will remain in effect until further notice. Pharmacy rates are updated periodically. The inpatient rates, published on December 9, 2002, pwalker on PROD1PC71 with NOTICES VerDate Aug<31>2005 16:56 Nov 20, 2007 Jkt 214001 Jim Nussle, Director. [FR Doc. E7–22701 Filed 11–20–07; 8:45 am] BILLING CODE 3110–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of Single-Employer Plans Pension Benefit Guaranty Corporation. ACTION: Notice of intention to request extension of OMB approval. AGENCY: SUMMARY: The Pension Benefit Guaranty Corporation (‘‘PBGC’’) intends to request that the Office of Management and Budget (‘‘OMB’’) extend approval, under the Paperwork Reduction Act, of a collection of information contained in its regulation on Liability for Termination of Single-Employer Plans, 29 CFR Part 4062 (OMB Control Number 1212–0017; expires February 29, 2008). This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. OFFICE OF MANAGEMENT AND BUDGET SUMMARY: remain in effect until further notice. A full analysis of the rates is posted at the DoD’s Uniform Business Office Web Site: https://www.tricare.mil/ocfo/_docs/ CY07%20Reimbursement%20Rates11. pdf. The rates can be found at: https:// www.tricare.mil/ocfo/mcfs/ubo/mhs_ rates.cfm. Comments should be submitted by January 22, 2008. ADDRESSES: Comments may be submitted by any of the following methods: Federal eRulemaking Portal: https:// www.regulations.gov. Follow the Web site instructions for submitting comments. E-mail: paperwork.comments@ pbgc.gov. Fax: 202–326–4224. Mail or Hand Delivery: Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026. Comments received will be posted to https://www.pbgc.gov. Copies of the collection of information may be obtained without charge by writing to PBGC’s Communications and Public Affairs Department at Suite 240 at the above address or by visiting that office or calling 202–326–4040 during normal business hours. (TTY and TDD users may call the Federal relay service tollDATES: PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 65629 free at 1–800–877–8339 and ask to be connected to 202–326–4040.) The regulation on Liability for Termination of Single-Employer Plans can be accessed on PBGC’s Web site at https:// www.pbgc.gov. FOR FURTHER INFORMATION CONTACT: Thomas H. Gabriel, Attorney, or Catherine B. Klion, Manager, Regulatory and Policy Division, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026, 202– 326–4024. (For TTY and TDD, call 800– 877–8339 and request connection to 202–326–4024.) SUPPLEMENTARY INFORMATION: Section 4062 of the Employee Retirement Income Security Act of 1974, as amended, provides that the contributing sponsor of a single-employer pension plan and members of the sponsor’s controlled group (‘‘the employer’’) incur liability (‘‘employer liability’’) if the plan terminates with assets insufficient to pay benefit liabilities under the plan. PBGC’s statutory lien for employer liability and the payment terms for employer liability are affected by whether and to what extent employer liability exceeds 30 percent of the employer’s net worth. Section 4062.6 of PBGC’s employer liability regulation (29 CFR 4062.6) requires a contributing sponsor or member of the contributing sponsor’s controlled group who believes employer liability upon plan termination exceeds 30 percent of the employer’s net worth to so notify PBGC and to submit net worth information. This information is necessary to enable PBGC to determine whether and to what extent employer liability exceeds 30 percent of the employer’s net worth. The collection of information under the regulation has been approved by OMB under control number 1212–0017 through February 29, 2008. PBGC intends to request that OMB extend its approval for another 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 an average of five contributing sponsors or controlled group members per year will respond to this collection of information. PBGC further estimates that the average annual burden of this collection of information will be 12 hours and $3,636 per respondent, with an average total annual burden of 60 hours and $18,120. PBGC is soliciting public comments to— E:\FR\FM\21NON1.SGM 21NON1 65630 Federal Register / Vol. 72, No. 224 / Wednesday, November 21, 2007 / Notices • Evaluate whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the collection of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Issued in Washington, DC, this 16th day of November, 2007. John H. Hanley, Director, Legislative and Regulatory Department Pension Benefit Guaranty Corporation. [FR Doc. E7–22791 Filed 11–20–07; 8:45 am] BILLING CODE 7709–01–P SECURITIES AND EXCHANGE COMMISSION [Investment Company Act Release No. 28047; 813–367] Kiewit Investment Fund LLLP; Notice of Application November 15, 2007. Securities and Exchange Commission (‘‘Commission’’). ACTION: Notice of an application for an order under section 6(b) of the Investment Company Act of 1940 (the ‘‘Act’’). pwalker on PROD1PC71 with NOTICES AGENCY: Summary of the Application: Applicant requests an order that would amend a prior order (‘‘Prior Order’’) 1 to expand the class of persons eligible to purchase and hold shares of an employees’ securities company to include certain specified immediate family members and grandchildren of eligible employees. In addition, the order would permit certain trusts and other investment vehicles formed for the benefit of lineal descendants of eligible employees to purchase and hold shares of the employees’ securities company. Applicant: Kiewit Investment Fund LLLP (the ‘‘Fund’’). 1 Peter Kiewit Sons’, Inc. and Kiewit Investment Fund LLLP, Investment Company Act Release Nos. 27066 (Sept. 14, 2005) (notice) and 27115 (Oct. 12, 2005) (order). VerDate Aug<31>2005 16:56 Nov 20, 2007 Jkt 214001 Filing Dates: The application was filed on July 10, 2007, and amended on November 13, 2007. 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 Commission’s Secretary and serving applicant 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 10, 2007, and should be accompanied by proof of service on applicant, 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 reason 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, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549– 1090. Applicant, Robert L. Giles, Jr., Chief Executive Officer, Kiewit Investment Fund LLLP, 73 Tremont Street, Boston, Massachusetts 02108. FOR FURTHER INFORMATION CONTACT: Shannon Conaty, Senior Counsel, at (202) 551–6827 or Janet M. Grossnickle, 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 at the Commission’s Public Reference Desk, 100 F Street, NE., Washington, DC 20549–0102 (tel. (202) 551–5850). Applicant’s Representations 1. The Fund, a Delaware limited liability limited partnership, is registered under the Act as a nondiversified, closed-end management investment company, and at all times operates as an ‘‘employees’ securities company’’ within the meaning of section 2(a)(13) of the Act. The Fund is designed as a long-term investment vehicle for current and former employees and their immediate family members of Peter Kiewit Sons’, Inc. (‘‘Kiewit’’) and its affiliated companies. Kiewit, a Delaware corporation, is a large construction contractor operating primarily in the North American market that provides construction services to a broad range of public and private customers. 2. Pursuant to the Prior Order, units of limited partnership interests of the Fund (‘‘Units’’) may be purchased only PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 by Eligible Holders. Eligible Holders consist of (i) current and former employees or persons on retainer of the Kiewit Group,2 within the meaning of section 2(a)(13) of the Act (‘‘Eligible Employees’’); (ii) board directors retained by the Fund (‘‘Directors’’); (iii) immediate family members, within the meaning of section 2(a)(13) of the Act, of such Directors or Eligible Employees; or (iv) members of the Kiewit Group. Units are offered pursuant to offerings registered under the Securities Act of 1933, as amended (the ‘‘Securities Act’’). 3. Under the terms of the Prior Order, the Fund has in the past limited investment to those individuals who constitute immediate family members, within the meaning of section 2(a)(13) of the Act, of Eligible Employees and Directors of the Fund. Applicant proposes to amend the Prior Order solely to the extent necessary to expand the class of immediate family members of Eligible Employees and Directors who may invest in the Fund to include any parent, spouse of a parent, child, spouse of a child, spouse, brother, sister or grandchild of such Eligible Employee or Director (including step and adoptive relationships), regardless of whether such person currently resides with or is a dependent of such Eligible Employee or Director (‘‘Eligible Family Members’’). In addition, Applicant seeks to amend the Prior Order solely to the extent necessary to permit Units to be offered and sold to (i) certain trusts and other investment vehicles (including self-directed retirement plan vehicles such as individual retirement accounts) of which the trustees and/or grantors are Eligible Employees or Directors or that were established solely for the benefit of Eligible Employees or Directors or their Eligible Family Members, or for the benefit of other more distant lineal descendants, including greatgrandchildren, of Eligible Employees or Directors (including, in each case, step and adoptive relationships), and (ii) partnerships, corporations or other entities of which at least a majority of the voting power is controlled by Eligible Employees or Directors (collectively clauses (i) and (ii), ‘‘Qualified Investment Vehicles’’). Such Qualified Investment Vehicles also shall constitute Eligible Holders to which Units may be transferred with the prior written consent of the Fund, provided that, as a result of such transfer, the Fund would not cease to be an 2 The term ‘‘Kiewit Group’’ refers to Kiewit and any affiliated company of Kiewit of which Kiewit is an affiliated company, as defined in section 2(a)(2) of the Act. E:\FR\FM\21NON1.SGM 21NON1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 72, Number 224 (Wednesday, November 21, 2007)]
[Notices]
[Pages 65629-65630]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-22791]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Liability for Termination of Single-Employer Plans

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intention to request extension of OMB approval.

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

SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') intends to 
request that the Office of Management and Budget (``OMB'') extend 
approval, under the Paperwork Reduction Act, of a collection of 
information contained in its regulation on Liability for Termination of 
Single-Employer Plans, 29 CFR Part 4062 (OMB Control Number 1212-0017; 
expires February 29, 2008). This notice informs the public of PBGC's 
intent and solicits public comment on the collection of information.

DATES: Comments should be submitted by January 22, 2008.

ADDRESSES: Comments may be submitted by any of the following methods:
    Federal eRulemaking Portal: https://www.regulations.gov.
    Follow the Web site instructions for submitting comments.
    E-mail: paperwork.comments@pbgc.gov.
    Fax: 202-326-4224.
    Mail or Hand Delivery: Legislative and Regulatory Department, 
Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, 
DC 20005-4026.
    Comments received will be posted to https://www.pbgc.gov.
    Copies of the collection of information may be obtained without 
charge by writing to PBGC's Communications and Public Affairs 
Department at Suite 240 at the above address or by visiting that office 
or calling 202-326-4040 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.) The regulation on Liability 
for Termination of Single-Employer Plans can be accessed on PBGC's Web 
site at https://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: Thomas H. Gabriel, Attorney, or 
Catherine B. Klion, Manager, Regulatory and Policy Division, 
Legislative and Regulatory Department, Pension Benefit Guaranty 
Corporation, 1200 K Street, NW., Washington, DC 20005-4026, 202-326-
4024. (For TTY and TDD, call 800-877-8339 and request connection to 
202-326-4024.)

SUPPLEMENTARY INFORMATION: Section 4062 of the Employee Retirement 
Income Security Act of 1974, as amended, provides that the contributing 
sponsor of a single-employer pension plan and members of the sponsor's 
controlled group (``the employer'') incur liability (``employer 
liability'') if the plan terminates with assets insufficient to pay 
benefit liabilities under the plan. PBGC's statutory lien for employer 
liability and the payment terms for employer liability are affected by 
whether and to what extent employer liability exceeds 30 percent of the 
employer's net worth.
    Section 4062.6 of PBGC's employer liability regulation (29 CFR 
4062.6) requires a contributing sponsor or member of the contributing 
sponsor's controlled group who believes employer liability upon plan 
termination exceeds 30 percent of the employer's net worth to so notify 
PBGC and to submit net worth information. This information is necessary 
to enable PBGC to determine whether and to what extent employer 
liability exceeds 30 percent of the employer's net worth.
    The collection of information under the regulation has been 
approved by OMB under control number 1212-0017 through February 29, 
2008. PBGC intends to request that OMB extend its approval for another 
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 an average of five contributing sponsors or 
controlled group members per year will respond to this collection of 
information. PBGC further estimates that the average annual burden of 
this collection of information will be 12 hours and $3,636 per 
respondent, with an average total annual burden of 60 hours and 
$18,120.
    PBGC is soliciting public comments to--

[[Page 65630]]

     Evaluate whether the collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the collection of information, including the validity of the 
methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.

    Issued in Washington, DC, this 16th day of November, 2007.
John H. Hanley,
Director, Legislative and Regulatory Department Pension Benefit 
Guaranty Corporation.
[FR Doc. E7-22791 Filed 11-20-07; 8:45 am]
BILLING CODE 7709-01-P

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