Proposed Extension of Information Collection Request Submitted for Public Comment and Recommendations; Alternative Method of Compliance for Certain SEPs pursuant to 29 CFR 2520.104-49, 18003-18004 [E8-6768]
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Federal Register / Vol. 73, No. 64 / Wednesday, April 2, 2008 / Notices
transmitters, and software developers
for information exchange.
II. Review Focus
The Department of Labor
(Department) is particularly interested
in comments that:
• Evaluate whether the proposed
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
proposed 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 submissions
of responses.
rmajette on PROD1PC64 with NOTICES
III. Current Actions
The Department is requesting an
extension of the currently approved ICR
pertaining to the Application for EFAST
Electronic Signature and Codes for
EFAST Transmitters and Software
Developers (Form EFAST–1). The
Department is not proposing or
implementing changes to the existing
ICR at this time.
Title: Application for EFAST
Electronic Signature and Codes for
EFAST Transmitters and Software
Developers.
Agency: Department of Labor,
Employee Benefits Security
Administration.
Type of Review: Extension of
currently approved collections.
OMB Numbers: 1210–0117.
Affected Public: Individuals or
households; Business or other for-profit;
Not-for-profit institutions.
Form Number: EFAST–1.
Total Respondents: 5,200.
Total Responses: 5,200.
Frequency of Response: On occasion.
Estimated Burden Hours: 1,716.
Estimated Burden Cost (Operating
and Maintenance): $2,000.
Comments submitted in response to
this request will be summarized and/or
included in the request for Office of
Management and Budget approval of the
information collection request; they will
also become a matter of public record.
VerDate Aug<31>2005
15:36 Apr 01, 2008
Jkt 214001
Dated: March 27, 2008.
Joseph S. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E8–6766 Filed 4–1–08; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Employee Benefits Security
Administration
Proposed Extension of Information
Collection Request Submitted for
Public Comment and
Recommendations; Alternative Method
of Compliance for Certain SEPs
pursuant to 29 CFR 2520.104–49
Employee Benefits Security
Administration, Department of Labor.
AGENCY:
ACTION:
Notice.
SUMMARY: The Department of Labor, as
part of its continuing effort to reduce
paperwork and respondent burden,
conducts a preclearance consultation
program to provide the general public
and Federal agencies with an
opportunity to comment on proposed
and continuing collections of
information in accordance with the
Paperwork Reduction Act of 1995 (PRA
95). This program helps to ensure that
requested data can be provided in the
desired format, reporting burden (time
and financial resources) is minimized,
collection instruments are clearly
understood, and the impact of collection
requirements on respondents can be
properly assessed. Currently, the
Employee Benefits Security
Administration is soliciting comments
on the proposed extension of the
collection of information included in
the alternative method of compliance
for certain simplified employee
pensions regulation (29 CFR 2520.104–
49).
A copy of the information collection
request (ICR) can be obtained by
contacting the individual shown in the
ADDRESSES section of this notice or at
https://www.RegInfo.gov.
Written comments must be
submitted to the office shown in the
ADDRESSES section on or before June 2,
2008.
DATES:
G. Christopher Cosby,
Department of Labor, Employee Benefits
Security Administration, 200
Constitution Avenue, NW., Washington,
DC 20210, (202) 693–8410, FAX (202)
693–4745 (these are not toll-free
numbers).
ADDRESSES:
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00056
Fmt 4703
Sfmt 4703
18003
I. Background
Section 110 of the Employment
Retirement Income Security Act (ERISA)
authorizes the Secretary to prescribe
alternative methods of compliance with
the reporting and disclosure
requirements of Title I of ERISA for
pension plans. Simplified employee
pensions (SEPs) are established in
section 408(k) of the Internal Revenue
Code (Code). Although SEPs are
primarily a development of the Code
and subject to its requirements, SEPs are
also pension plans subject to the
reporting and disclosure requirements
of Title I of ERISA.
The Department previously issued a
regulation under the authority of section
110 of ERISA (29 CFR 2520.104–49) that
intended to relieve sponsors of certain
SEPs from ERISA’s Title I reporting and
disclosure requirements by prescribing
an alternative method of compliance.
These SEPs are, for purposes of this
Notice, referred to as ‘‘non-model’’ SEPs
because they exclude (1) those SEPs
which are created through use of
Internal Revenue Service (IRS) Form
5305–SEP, and (2) those SEPs in which
the employer limits or influences the
employees’ choice to IRAs into which
employers’ contributions will be made
and on which participant withdrawals
are prohibited. The disclosure
requirements in this regulation were
developed in conjunction with the
Internal Revenue Service (IRS Notice
81–1). Accordingly, sponsors of ‘‘nonmodel’’ SEPs that satisfy the limited
disclosure requirements of the
regulation are relieved from otherwise
applicable reporting and disclosure
requirements under Title I of ERISA,
including the requirements to file
annual reports (Form 5500 Series) with
the Department, and to furnish
summary plan descriptions and
summary annual reports to participants
and beneficiaries.
This ICR includes four separate
disclosure requirements. First, at the
time an employee becomes eligible to
participate in the SEP, the administrator
of the SEP must furnish the employee in
writing specific and general information
concerning the SEP; a statement on
rates, transfers and withdrawals; and a
statement on tax treatment. Second, the
administrator of the SEP must furnish
participants with information
concerning any amendments. Third, the
administrator must notify participants
of any employer contributions made to
the IRA. Fourth, in the case of a SEP
that provides integration with Social
Security, the administrator shall provide
participants with a statement on Social
E:\FR\FM\02APN1.SGM
02APN1
18004
Federal Register / Vol. 73, No. 64 / Wednesday, April 2, 2008 / Notices
Security taxes and the integration
formula used by the employer.
II. Review Focus
The Department of Labor
(Department) is particularly interested
in comments that:
• Evaluate whether the proposed
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
proposed 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 submissions
of responses.
rmajette on PROD1PC64 with NOTICES
III. Current Actions
The Office of Management and
Budget’s (OMB) approval of this ICR
will expire on June 30, 2008. After
considering comments received in
response to this notice, the Department
intends to submit the ICR to OMB for
continuing approval. No change to the
existing ICR is proposed or made at this
time.
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval of the information collection;
they also will become a matter of public
record.
Agency: Employee Benefits Security
Administration, Department of Labor.
Title: Alternative Method of
Compliance for Certain SEPs pursuant
to 29 CFR 2520.104–49.
Type of Review: Extension of a
currently approved collection of
information
OMB Number: 1210–0034.
Affected Public: Individuals or
households; Business or other for-profit;
Not-for-profit institutions.
Respondents: 460.
Responses: 103,590.
Frequency of Response: On occasion.
Average Response time: 35 minutes.
Estimated Total Burden Hours:
21,227.
Total Burden Cost (operating/
maintenance): $26,000.
VerDate Aug<31>2005
15:36 Apr 01, 2008
Jkt 214001
Dated: March 27, 2008.
Joseph S. Piacentini,
Director, Office of Policy and Research,
Employee Benefits Security Administration.
[FR Doc. E8–6768 Filed 4–1–08; 8:45 am]
BILLING CODE 4510–29–P
LIBRARY OF CONGRESS
Copyright Royalty Board
[Docket No. 2008–2 CRB CD 2000–2003]
Distribution of 2000, 2001, 2002, and
2003 Cable Royalty Funds
Copyright Royalty Board,
Library of Congress.
ACTION: Notice announcing
commencement of Phase I proceeding
with request for Petitions to Participate.
AGENCY:
SUMMARY: The Copyright Royalty Judges
are announcing the commencement of a
proceeding to determine the Phase I
distribution of 2000, 2001, 2002, and
2003 royalties collected under the cable
statutory license. The Judges are also
announcing the date by which a party
who wishes to participate in this
distribution proceeding must file its
Petition to Participate and the
accompanying $150 file fee.
DATES: Petitions to Participate and the
filing fee are due on or before May 2,
2008.
An original, five copies, and
an electronic copy in Portable
Document Format (PDF) on a CD of the
Petition to Participate, along with the
$150 filing fee, may be delivered to the
Copyright Royalty Board by either mail
or hand delivery. Petitions to Participate
and the $150 filing fee may not be
delivered by an overnight delivery
service other than the U.S. Postal
Service Express Mail. If by mail
(including overnight delivery), Petitions
to Participate, along with the $150 filing
fee, must be addressed to: Copyright
Royalty Board, P.O. Box 70977,
Washington, DC 20024–0977. If hand
delivered by a private party, Petitions to
Participate, along with the $150 filing
fee, must be brought to the Library of
Congress, James Madison Memorial
Building, LM–401, 101 Independence
Avenue, SE., Washington, DC 20559–
6000. If delivered by a commercial
courier, Petitions to Participate, along
with the $150 filing fee, must be
delivered to the Congressional Courier
Acceptance Site, located at 2nd and D
Street, NE., Washington, DC. The
envelope must be addressed to:
Copyright Royalty Board, Library of
Congress, James Madison Memorial
Building, LM–403, 101 Independence
ADDRESSES:
PO 00000
Frm 00057
Fmt 4703
Sfmt 4703
Avenue, SE., Washington, DC 20559–
6000.
FOR FURTHER INFORMATION CONTACT:
LaKeshia Brent, CRB Program
Specialist, by telephone at (202) 707–
7658 or e-mail at crb@loc.gov.
SUPPLEMENTARY INFORMATION:
Background
Each year, semiannually, cable
systems must submit royalty payments
to the Copyright Office as required by
the cable statutory license for the
privilege of retransmitting over-the-air
television and radio broadcast signals.
17 U.S.C. 111. These royalties are then
distributed to copyright owners whose
works were included in such
retransmissions and who timely filed a
claim for royalties. Distribution of the
royalties for each calendar year are
determined by the Copyright Royalty
Judges (‘‘Judges’’) in two phases. At
Phase I, the royalties are divided among
the representatives of the major
categories of copyrightable content
(movies, sports programming, music,
etc.) requesting the distribution. At
Phase II, the royalties are divided among
the various copyright owners within
each category.
This Notice announcing the
commencement of a proceeding under
17 U.S.C. 803(b)(1) for distribution of
cable royalties collected for 2000, 2001,
2002, and 2003 is confined to Phase I.
Commencement of Phase I Proceeding
Consistent with 17 U.S.C. 804(b)(8),
the Copyright Royalty Judges determine
that a Phase I controversy exists as to
the distribution of the 2000, 2001, 2002,
and 2003 cable royalties. We reach this
determination, in this instance, for two
reasons. First, several interested parties
have represented to us that a Phase I
controversy exists for these years. See,
e.g., comments filed by the following
parties on September 19, 2007 in Docket
No. 2005–3 CRB CD 2003:1 the National
Association of Broadcasters, the Joint
Sports Claimants, Devotional Claimants,
Canadian Claimants Group, Public
Television Claimants. Second, to date
we have not received notification that
any settlements have been reached for
any of these years, nor have we received
motions for final distribution.
The Judges are consolidating the
2000, 2001, 2002 and 2003 royalty years
into a single proceeding. Several parties
1 For the reasons discussed herein, the Copyright
Royalty Judges are consolidating the 2000, 2001,
2002 and 2003 royalty years into a single
proceeding. Therefore, from this point forward, any
issues regarding the distribution of the 2003 cable
royalty funds should be captioned under the
consolidated docket, Docket No. 2008–2 CRB CD
2000–2003.
E:\FR\FM\02APN1.SGM
02APN1
]]>Agencies
[Federal Register Volume 73, Number 64 (Wednesday, April 2, 2008)]
[Notices]
[Pages 18003-18004]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-6768]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Employee Benefits Security Administration
Proposed Extension of Information Collection Request Submitted
for Public Comment and Recommendations; Alternative Method of
Compliance for Certain SEPs pursuant to 29 CFR 2520.104-49
AGENCY: Employee Benefits Security Administration, Department of Labor.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor, as part of its continuing effort to
reduce paperwork and respondent burden, conducts a preclearance
consultation program to provide the general public and Federal agencies
with an opportunity to comment on proposed and continuing collections
of information in accordance with the Paperwork Reduction Act of 1995
(PRA 95). This program helps to ensure that requested data can be
provided in the desired format, reporting burden (time and financial
resources) is minimized, collection instruments are clearly understood,
and the impact of collection requirements on respondents can be
properly assessed. Currently, the Employee Benefits Security
Administration is soliciting comments on the proposed extension of the
collection of information included in the alternative method of
compliance for certain simplified employee pensions regulation (29 CFR
2520.104-49).
A copy of the information collection request (ICR) can be obtained
by contacting the individual shown in the Addresses section of this
notice or at https://www.RegInfo.gov.
DATES: Written comments must be submitted to the office shown in the
ADDRESSES section on or before June 2, 2008.
ADDRESSES: G. Christopher Cosby, Department of Labor, Employee Benefits
Security Administration, 200 Constitution Avenue, NW., Washington, DC
20210, (202) 693-8410, FAX (202) 693-4745 (these are not toll-free
numbers).
SUPPLEMENTARY INFORMATION:
I. Background
Section 110 of the Employment Retirement Income Security Act
(ERISA) authorizes the Secretary to prescribe alternative methods of
compliance with the reporting and disclosure requirements of Title I of
ERISA for pension plans. Simplified employee pensions (SEPs) are
established in section 408(k) of the Internal Revenue Code (Code).
Although SEPs are primarily a development of the Code and subject to
its requirements, SEPs are also pension plans subject to the reporting
and disclosure requirements of Title I of ERISA.
The Department previously issued a regulation under the authority
of section 110 of ERISA (29 CFR 2520.104-49) that intended to relieve
sponsors of certain SEPs from ERISA's Title I reporting and disclosure
requirements by prescribing an alternative method of compliance. These
SEPs are, for purposes of this Notice, referred to as ``non-model''
SEPs because they exclude (1) those SEPs which are created through use
of Internal Revenue Service (IRS) Form 5305-SEP, and (2) those SEPs in
which the employer limits or influences the employees' choice to IRAs
into which employers' contributions will be made and on which
participant withdrawals are prohibited. The disclosure requirements in
this regulation were developed in conjunction with the Internal Revenue
Service (IRS Notice 81-1). Accordingly, sponsors of ``non-model'' SEPs
that satisfy the limited disclosure requirements of the regulation are
relieved from otherwise applicable reporting and disclosure
requirements under Title I of ERISA, including the requirements to file
annual reports (Form 5500 Series) with the Department, and to furnish
summary plan descriptions and summary annual reports to participants
and beneficiaries.
This ICR includes four separate disclosure requirements. First, at
the time an employee becomes eligible to participate in the SEP, the
administrator of the SEP must furnish the employee in writing specific
and general information concerning the SEP; a statement on rates,
transfers and withdrawals; and a statement on tax treatment. Second,
the administrator of the SEP must furnish participants with information
concerning any amendments. Third, the administrator must notify
participants of any employer contributions made to the IRA. Fourth, in
the case of a SEP that provides integration with Social Security, the
administrator shall provide participants with a statement on Social
[[Page 18004]]
Security taxes and the integration formula used by the employer.
II. Review Focus
The Department of Labor (Department) is particularly interested in
comments that:
Evaluate whether the proposed 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 proposed 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 submissions of responses.
III. Current Actions
The Office of Management and Budget's (OMB) approval of this ICR
will expire on June 30, 2008. After considering comments received in
response to this notice, the Department intends to submit the ICR to
OMB for continuing approval. No change to the existing ICR is proposed
or made at this time.
Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval of the information
collection; they also will become a matter of public record.
Agency: Employee Benefits Security Administration, Department of
Labor.
Title: Alternative Method of Compliance for Certain SEPs pursuant
to 29 CFR 2520.104-49.
Type of Review: Extension of a currently approved collection of
information
OMB Number: 1210-0034.
Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
Respondents: 460.
Responses: 103,590.
Frequency of Response: On occasion.
Average Response time: 35 minutes.
Estimated Total Burden Hours: 21,227.
Total Burden Cost (operating/maintenance): $26,000.
Dated: March 27, 2008.
Joseph S. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security
Administration.
[FR Doc. E8-6768 Filed 4-1-08; 8:45 am]
BILLING CODE 4510-29-P
