Submission for OMB Review; Comment Request for Review of a Revised Information Collection: RI 98-7, 71168 [E7-24275]

Download as PDF 71168 Federal Register / Vol. 72, No. 240 / Friday, December 14, 2007 / Notices rmajette on PROD1PC64 with NOTICES valuations following mass withdrawal under part 4281 apply to valuation dates occurring in January 2008. 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: Variable-Rate Premiums Section 4006(a)(3)(E)(iii)(II) of the Employee Retirement Income Security Act of 1974 (ERISA) and § 4006.4(b)(1) of the PBGC’s regulation on Premium Rates (29 CFR part 4006) prescribe use of an assumed interest rate (the ‘‘required interest rate’’) in determining a single-employer plan’s variable-rate premium. Pursuant to the Pension Protection Act of 2006, for premium payment years beginning in 2006 or 2007, the required interest rate is the ‘‘applicable percentage’’ of the annual rate of interest determined by the Secretary of the Treasury on amounts invested conservatively in long-term investment grade corporate bonds for the month preceding the beginning of the plan year for which premiums are being paid (the ‘‘premium payment year’’). On February 2, 2007 (at 72 FR 4955), the Internal Revenue Service (IRS) published final regulations containing updated mortality tables for determining current liability under section 412(l)(7) of the Code and section 302(d)(7) of ERISA for plan years beginning on or after January 1, 2007. As a result, in accordance with section 4006(a)(3)(E)(iii)(II) of ERISA, the ‘‘applicable percentage’’ to be used in determining the required interest rate for plan years beginning in 2007 is 100 percent. The required interest rate to be used in determining variable-rate premiums for premium payment years beginning in December 2007 is 6.14 percent (i.e., 100 percent of the 6.14 percent composite corporate bond rate for November 2007 as determined by the Treasury). The following table lists the required interest rates to be used in determining variable-rate premiums for premium payment years beginning between January 2007 and December 2007. For premium payment years beginning in: The required interest rate is: January 2007 ........................ 5.75 VerDate Aug<31>2005 15:31 Dec 13, 2007 Jkt 214001 For premium payment years beginning in: The required interest rate is: February 2007 ...................... March 2007 ........................... April 2007 ............................. May 2007 .............................. June 2007 ............................. July 2007 .............................. August 2007 ......................... September 2007 ................... October 2007 ........................ November 2007 .................... December 2007 .................... 5.89 5.85 5.84 5.98 6.01 6.32 6.33 6.33 6.23 6.14 6.14 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 January 2008 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. Issued in Washington, DC, on this 10th day of December 2007. Vincent K. Snowbarger, Deputy Director, Pension Benefit Guaranty Corporation. [FR Doc. E7–24244 Filed 12–13–07; 8:45 am] BILLING CODE 7709–01–P OFFICE OF PERSONNEL MANAGEMENT Submission for OMB Review; Comment Request for Review of a Revised Information Collection: RI 98–7 SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (Pub. L. 104–13, May 22, 1995), this notice announces that the Office of Personnel Management (OPM) has submitted to the Office of Management and Budget (OMB) a request for review of a revised information collection. RI 98–7, We Need Important Information About Your Eligibility for Social Security Disability Benefits, is used by OPM to verify receipt of Social Security Administration (SSA) disability benefits, to lessen or avoid overpayment to Federal Employees Retirement System (FERS) disability retirees. It Frm 00057 Fmt 4703 Sfmt 4703 U.S. Office of Personnel Management. Howard Weizmann, Deputy Director. [FR Doc. E7–24275 Filed 12–13–07; 8:45 am] BILLING CODE 6325–38–P OFFICE OF PERSONNEL MANAGEMENT Office of Personnel Management. ACTION: Notice. AGENCY: PO 00000 notifies the annuitant of the responsibility to notify OPM if SSA benefits begin and the overpayment that will occur with the receipt of both benefits. Approximately 3,000 RI 98–7 forms will be completed annually. The form takes approximately 5 minutes to complete. The annual burden is 250 hours. For copies of this proposal, contact Mary Beth Smith-Toomey on (202) 606– 8358, Fax (202) 418–3251 or via e-mail to MaryBeth.Smith-Toomey@opm.gov. Please include a mailing address with your request. DATES: Comments on this proposal should be received within 30 calendar days from the date of this publication. ADDRESSES: Send or deliver comments to: Ronald W. Melton, Deputy Assistant Director, Retirement Services Program, Center for Retirement and Insurance Services, U.S. Office of Personnel Management, 1900 E Street, NW., Room 3305, Washington, DC 20415–3500 and Brenda Aguilar, OPM Desk Officer, Office of Information & Regulatory Affair, Office of Management and Budget, New Executive Office Building, NW., Room 10235, Washington, DC 20503. For Information Regarding Administrative Coordination: Contact: Cyrus S. Benson, Team Leader, Publications Team, RIS Support Services/Support Group, (202) 606– 0623. Proposed Personnel Demonstration Project; Performance-Based Pay Adjustments in the U.S. Department of Education/Federal Student Aid U.S. Office of Personnel Management. ACTION: Notice of a proposed demonstration project plan. AGENCY: SUMMARY: Chapter 47 of title 5, United States Code, authorizes the U.S. Office of Personnel Management (OPM), directly or in agreement with one or more agencies, to conduct demonstration projects that experiment with new and different human resources management concepts to determine E:\FR\FM\14DEN1.SGM 14DEN1

Agencies

[Federal Register Volume 72, Number 240 (Friday, December 14, 2007)]
[Notices]
[Page 71168]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-24275]


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OFFICE OF PERSONNEL MANAGEMENT


Submission for OMB Review; Comment Request for Review of a 
Revised Information Collection: RI 98-7

AGENCY: Office of Personnel Management.

ACTION: Notice.

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

SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (Pub. 
L. 104-13, May 22, 1995), this notice announces that the Office of 
Personnel Management (OPM) has submitted to the Office of Management 
and Budget (OMB) a request for review of a revised information 
collection. RI 98-7, We Need Important Information About Your 
Eligibility for Social Security Disability Benefits, is used by OPM to 
verify receipt of Social Security Administration (SSA) disability 
benefits, to lessen or avoid overpayment to Federal Employees 
Retirement System (FERS) disability retirees. It notifies the annuitant 
of the responsibility to notify OPM if SSA benefits begin and the 
overpayment that will occur with the receipt of both benefits.
    Approximately 3,000 RI 98-7 forms will be completed annually. The 
form takes approximately 5 minutes to complete. The annual burden is 
250 hours.
    For copies of this proposal, contact Mary Beth Smith-Toomey on 
(202) 606-8358, Fax (202) 418-3251 or via e-mail to MaryBeth.Smith-
Toomey@opm.gov. Please include a mailing address with your request.

DATES: Comments on this proposal should be received within 30 calendar 
days from the date of this publication.

ADDRESSES: Send or deliver comments to:
    Ronald W. Melton, Deputy Assistant Director, Retirement Services 
Program, Center for Retirement and Insurance Services, U.S. Office of 
Personnel Management, 1900 E Street, NW., Room 3305, Washington, DC 
20415-3500
     and
    Brenda Aguilar, OPM Desk Officer, Office of Information & 
Regulatory Affair, Office of Management and Budget, New Executive 
Office Building, NW., Room 10235, Washington, DC 20503.
    For Information Regarding Administrative Coordination: Contact: 
Cyrus S. Benson, Team Leader, Publications Team, RIS Support Services/
Support Group, (202) 606-0623.

    U.S. Office of Personnel Management.
Howard Weizmann,
Deputy Director.
[FR Doc. E7-24275 Filed 12-13-07; 8:45 am]
BILLING CODE 6325-38-P