Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of Single-Employer Plans, 6219 [E8-1874]

Download as PDF Federal Register / Vol. 73, No. 22 / Friday, February 1, 2008 / Notices to be added to the distribution, please contact the Office of the Secretary, Washington, DC 20555 (301–415–1969). In addition, distribution of this meeting notice over the Internet system is available. If you are interested in receiving this Commission meeting schedule electronically, please send an electronic message to dkw@nrc.gov. Dated: January 29, 2008. R. Michelle Schroll, Office of the Secretary. [FR Doc. 08–475 Filed 1–30–08; 10:15 am] PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of SingleEmployer Plans Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval. mstockstill on PROD1PC66 with NOTICES AGENCY: SUMMARY: The Pension Benefit Guaranty Corporation (‘‘PBGC’’) is requesting that the Office of Management and Budget (‘‘OMB’’) extend approval, under the Paperwork Reduction Act, of a collection of information 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 the PBGC’s request and solicits public comment on the collection of information. DATES: Comments should be submitted by March 3, 2008. ADDRESSES: Comments should be sent to the Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Pension Benefit Guaranty Corporation, via electronic mail at OIRA_DOCKET@omb.eop.gov or by fax to (202) 395–6974. Copies of the collection of information may also be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC at the above address or by visiting the Disclosure Division 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.) PBGC’s regulation on Liability for Termination of Singleemployer Plans may be accessed on PBGC’s Web site at https://pbgc.gov/ practitioners/law-regulations-informalguidance/content/page14767.html. 18:22 Jan 31, 2008 Jkt 214001 Thomas H. Gabriel, Attorney, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026, 202–326–4024. (For TTY/ TDD users, call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4024.) Section 4062 of the Employee Retirement Income Security Act of 1974 provides that the contributing sponsor of a singleemployer 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. The 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 the 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 the PBGC and to submit net worth information. This information is necessary to enable the 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 (expires February 29, 2008). The PBGC is requesting that OMB extend its approval for 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. The PBGC estimates that an average of five contributing sponsors or controlled group members per year will respond to this collection of information. The 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. SUPPLEMENTARY INFORMATION: BILLING CODE 7590–01–P VerDate Aug<31>2005 FOR FURTHER INFORMATION CONTACT: Issued in Washington, DC, this 29th day of January, 2008. John H. Hanley, Director, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation. [FR Doc. E8–1874 Filed 1–31–08; 8:45 am] BILLING CODE 7709–01–P PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 6219 POSTAL SERVICE Change in Rates of General Applicability for a Competitive Product AGENCY: Postal Service. Notice of a change in rates of general applicability for a competitive product. ACTION: SUMMARY: This notice sets forth changes in rates of general applicability for a competitive product, specifically the establishment of prices for a Priority Mail large-sized flat-rate box. DATES: Effective Date: March 3, 2008. FOR FURTHER INFORMATION CONTACT: Daniel J. Foucheaux, Jr., 202–268–2989. On January 17, 2008, pursuant to their authority under 39 U.S.C. 3632, the Governors of the Postal Service established prices for a new large-size Priority Mail flat-rate box. The Governors’ Decision and the record of proceedings in connection with such decision are reprinted below in accordance with section 3632(b)(2). Implementing regulations are published elsewhere in this issue. SUPPLEMENTARY INFORMATION: Neva R. Watson, Attorney, Legislative. Decision of the Governors of the United States Postal Service on the Priority Mail Large Flat-Rate Box (Governors’ Decision No. 08–1) January 17, 2008. Statement of Explanation and Justification Pursuant to our authority under section 3632 of title 39, as amended by the Postal Accountability and Enhancement Act of 2006, we establish the following prices for a new, larger (approximately 1/2 cubic foot) Priority Mail flat-rate box: $12.95 for domestic mail destined to most ZIP Codes, $10.95 for domestic mailed destined to APO/ FPO ZIP Codes, $29.95 for international mail destined to Mexico and Canada, and $49.95 for international mail destined to all other countries. We have reviewed the attached analysis provided by management and have evaluated this change in accordance with 39 U.S.C. §§ 3632–3633 and 39 C.F.R. § 3015.2, which address changes in rates of general applicability for competitive services. As background, we first approved the domestic flat-rate box as an experiment more than three years ago.1 Subsequently, we concluded that the experiment was a success, and we approved a permanent classification for the flat-rate box as part of the recent omnibus rate case.2 The existing box has a volume of 0.34 cubic feet, with a price of 1 Governors’ Decision on Docket No. MC2004–2 (October 29, 2004). 2 Governors’ Decision on Docket No. R2006–1, at 13–14 (March 19, 2007). E:\FR\FM\01FEN1.SGM 01FEN1

Agencies

[Federal Register Volume 73, Number 22 (Friday, February 1, 2008)]
[Notices]
[Page 6219]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-1874]


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PENSION BENEFIT GUARANTY CORPORATION


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

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

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

SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') is 
requesting that the Office of Management and Budget (``OMB'') extend 
approval, under the Paperwork Reduction Act, of a collection of 
information 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 the PBGC's 
request and solicits public comment on the collection of information.

DATES: Comments should be submitted by March 3, 2008.

ADDRESSES: Comments should be sent to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, Attention: Desk 
Officer for Pension Benefit Guaranty Corporation, via electronic mail 
at OIRA_DOCKET@omb.eop.gov or by fax to (202) 395-6974. Copies of the 
collection of information may also be obtained without charge by 
writing to the Disclosure Division of the Office of the General Counsel 
of PBGC at the above address or by visiting the Disclosure Division 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.) PBGC's regulation on Liability for 
Termination of Single-employer Plans may be accessed on PBGC's Web site 
at https://pbgc.gov/practitioners/law-regulations-informal-guidance/
content/page14767.html.

FOR FURTHER INFORMATION CONTACT: Thomas H. Gabriel, Attorney, 
Legislative and Regulatory Department, Pension Benefit Guaranty 
Corporation, 1200 K Street, NW., Washington, DC 20005-4026, 202-326-
4024. (For TTY/TDD users, call the Federal relay service toll-free at 
1-800-877-8339 and ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: Section 4062 of the Employee Retirement 
Income Security Act of 1974 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. The 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 the 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 
the PBGC and to submit net worth information. This information is 
necessary to enable the 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 (expires February 29, 
2008). The PBGC is requesting that OMB extend its approval for 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.
    The PBGC estimates that an average of five contributing sponsors or 
controlled group members per year will respond to this collection of 
information. The 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.

    Issued in Washington, DC, this 29th day of January, 2008.
John H. Hanley,
Director, Legislative and Regulatory Department, Pension Benefit 
Guaranty Corporation.
 [FR Doc. E8-1874 Filed 1-31-08; 8:45 am]
BILLING CODE 7709-01-P
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