Submission for OMB Review: Comment Request, 27182-27183 [E9-13299]
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Federal Register / Vol. 74, No. 108 / Monday, June 8, 2009 / Notices
DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review:
Comment Request
cprice-sewell on PRODPC61 with NOTICES
June 2, 2009.
The Department of Labor (DOL)
hereby announces the submission of the
following public information collection
requests (ICR) to the Office of
Management and Budget (OMB) for
review and approval in accordance with
the Paperwork Reduction Act of 1995
(Pub. L. 104–13, 44 U.S.C. chapter 35).
A copy of each ICR, with applicable
supporting documentation; including
among other things a description of the
likely respondents, proposed frequency
of response, and estimated total burden
may be obtained from the RegInfo.gov
Web site at https://www.reginfo.gov/
public/do/PRAMain or by contacting
Darrin King on 202–693–4129 (this is
not a toll-free number)/e-mail:
DOL_PRA_PUBLIC@dol.gov.
Interested parties are encouraged to
send comments to the Office of
Information and Regulatory Affairs,
Attn: OMB Desk Officer for the
Department of Labor—Employee
Benefits Security Administration
(EBSA), Office of Management and
Budget, Room 10235, Washington, DC
20503, Telephone: 202–395–7316/Fax:
202–395–5806 (these are not toll-free
numbers), E-mail:
OIRA_submission@omb.eop.gov within
30 days from the date of this publication
in the Federal Register. In order to
ensure the appropriate consideration,
comments should reference the OMB
Control Number (see below).
The OMB is particularly interested in
comments which:
• 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 submission of
responses.
VerDate Nov<24>2008
15:15 Jun 05, 2009
Jkt 217001
Agency: Employee Benefits Security
Administration.
Type of Review: Extension without
change of a currently approved
collection.
Title of Collection: Definition of Plan
Assets—Participant Contributions.
OMB Control Number: 1210–0100.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents: 1.
Total Estimated Annual Burden
Hours: 1.
Total Estimated Annual Costs Burden
(excludes hourly wage costs): $1,025.
Description: The Department’s
regulation at 29 CFR 2510.3–102 states
that monies that a participant pays to,
or has withheld by, an employer for
contribution to an employee benefit
plan become ‘‘plan assets’’ for purposes
of Title I of Employee Retirement
Income and Security Act of 1974
(ERISA) and the related prohibited
transaction provisions of the Internal
Revenue Code (the Code) as of the
earliest date on which such monies can
be reasonably segregated from the
employer’s general assets. With respect
to employee pension benefit plans, the
regulation further sets a maximum time
limit for such contributions: the 15th
business day following the end of the
month in which the participant
contribution amounts are received or
withheld by the employer. Under
ERISA, ‘‘plan assets’’ cannot be held by
the employer as part of its general
assets, but must be contributed to the
employee benefit plan to which they
belong and, with few exceptions, held
in trust.
The regulation includes a procedure
through which an employer receiving or
withholding participant contributions
for an employee pension benefit plan
may obtain a 10-business-day extension
of the 15-day maximum time period if
certain requirements, including
information collection requirements, are
met. The regulation requires, among
other things, that the employer provide
written notice to plan participants,
within 5 business days after the end of
the extension period and the employer’s
transfer of the contributions to the plan,
which the employer elected to take the
extension for that month. The notice
must explain why the employer could
not transfer the participant
contributions within the maximum time
period, state that the participant
contributions in question have in fact
been transmitted to the plan, and
provide the date on which this was
done. The employer must also provide
a copy of the participant notice to the
Secretary, along with a certification that
the notice was distributed to
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Fmt 4703
Sfmt 4703
participants and that the other
requirements under the extension
procedure were met, within 5 business
days after the end of the extension
period. The information collections
imposed under the regulation include
third-party disclosures and disclosures
to the government.
The information collection is
intended to protect participants by
ensuring that they and the Department
are aware of an employer’s failure to
meet the regulatory time limits for
transferring participant contributions to
the employee pension benefit plan they
are intended to fund. The Department
and the affected participants can then
take appropriate action to protect the
plan assets. Requiring employers to
make the disclosures also ensures that
they follow the protective requirements
that are part of the extension procedure.
For additional information, see
related notice published at Vol. 74
FR13476 on March 27, 2009.
Agency: Employee Benefits Security
Administration.
Type of Review: Extension without
change of a currently approved
collection.
Title of Collection: Termination of
Abandoned Individual Account Plans.
OMB Control Number: 1210–0127.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
100.
Total Estimated Annual Burden
Hours: 7,433.
Total Estimated Annual Costs Burden
(excludes hourly wage costs):
$3,366,300.
Description: This ICR is for three final
regulations under the Employee
Retirement Income Security Act of 1974
(ERISA) that facilitate the termination
of, and distribution of benefits from,
individual account pension plans that
have been abandoned by their
sponsoring employers. The first
regulation establishes a procedure for
financial institutions holding the assets
of an abandoned individual account
plan to terminate the plan and distribute
benefits to the plan’s participants and
beneficiaries, with limited liability. The
second regulation provides a fiduciary
safe harbor for making distributions
from terminated plans on behalf of
participants and beneficiaries who fail
to make an election regarding a form of
benefit distribution. The third
regulation establishes a simplified
method for filing a terminal report for
abandoned individual account plans.
The ICR also takes into account to a
class prohibited transaction exemption
(PTE 2006–06) that permits a ‘‘qualified
termination administrator’’ (QTA) of an
E:\FR\FM\08JNN1.SGM
08JNN1
Federal Register / Vol. 74, No. 108 / Monday, June 8, 2009 / Notices
individual account plan that has been
abandoned by its sponsoring employer
to select itself or an affiliate to provide
services to the plan in connection with
the termination of the plan, to pay itself
or an affiliate fees for those services, and
to pay itself for services provided prior
to the plan’s deemed termination, and
class Prohibited Transaction Exemption
2004–16, which permits a pension plan
fiduciary that is a financial institution
and is also the employer maintaining an
individual account pension plan for its
employees to establish, on behalf of its
separated employees, an IRA at a
financial institution that is either the
employer or an affiliate, which IRA
would receive mandatory distributions
that the fiduciary ‘‘rolls over’’ from the
plan when an employee terminates
employment.
For additional information, see
related notice published at Vol. 74
FR13478.
Dated: March 27, 2009.
Darrin A. King,
Departmental Clearance Officer.
[FR Doc. E9–13299 Filed 6–5–09; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Office of the Secretary
Combating Exploitive Child Labor
Through Education in Guatemala,
Indonesia, Nepal, and Rwanda
cprice-sewell on PRODPC61 with NOTICES
AGENCY: Bureau of International Labor
Affairs, U.S. Department of Labor.
ACTION: New. Notice of Availability of
Funds and Solicitation for Cooperative
Agreement Applications (SGA). The full
announcement is posted on https://
www.grants.gov and USDOL/ILAB’s
Web site at https://www.dol.gov/ILAB/
grants/main.htm.
Funding Opportunity Number: SGA
09–06.
Catalog of Federal Domestic
Assistance (CFDA) Number: Not
applicable.
Summary: The U.S. Department of
Labor (USDOL), Bureau of International
Labor Affairs (ILAB) will award up to
USD 18.45 million through 4 or more
cooperative agreements to one or more
qualifying organizations and/or
Associations to combat exploitive child
labor in the following 4 countries:
Guatemala (up to USD 4.2 million),
Indonesia (up to USD 5.5 million),
Nepal (up to USD 4.25 million) and
Rwanda (up to USD 4.5 million).
Projects funded under SGA 09–06 will
seek to ensure children’s long-term
withdrawal and prevention from
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15:15 Jun 05, 2009
Jkt 217001
exploitive child labor, including
through the provision of direct
educational services, and build capacity
in target countries to eliminate
exploitive child labor.
Application and Submission
Information: The full-text version of
SGA 09–06 is available on https://
www.grants.gov and USDOL/ILAB’s
Web site at https://www.dol.gov/ILAB/
grants/main.htm
All applications in response to this
solicitation may be submitted in hard
copy or electronically via https://
www.grants.gov. Applications submitted
by other means, including e-mail,
telegram, or facsimile (FAX) will not be
accepted. Irrespective of submission
method, all applications must be
received by USDOL by 5 p.m. Eastern
Standard Time (EST) on July 27, 2009.
Applicants electing to submit hard
copies must submit one (1) blue inksigned original, complete application,
plus three (3) additional copies of the
application. Applicants electing to
submit electronically must submit one
electronic copy of the complete
application via https://www.grants.gov
no later than 5 p.m. Eastern Standard
Time (EST) on July 27, 2009. Hard copy
applications must be delivered to: U.S.
Department of Labor, Office of
Procurement Services, 200 Constitution
Avenue, NW., Room S–4307,
Washington, DC 20210, Attention: Lisa
Harvey, Reference: Solicitation 09–06.
Applicants submitting via https://
www.grants.gov are responsible for
ensuring that their applications are
received by https://www.grants.gov by
the deadline. Applicants are advised to
submit their applications in advance of
the deadline.
Key Dates: The deadline for
submission of applications is July 27,
2009. All technical questions regarding
SGA 09–06 must be sent by June 30,
2009 in order to receive a response.
USDOL will make all cooperative
agreement awards on or before
September 30, 2009.
Agency Contacts: All technical
questions regarding SGA 09–06 should
be sent to Lisa Harvey, Grant Officer,
U.S. Department of Labor’s Office of
Procurement Services, via e-mail (e-mail
address: harvey.lisa@dol.gov, with a
copy to Georgiette Nkpa at
nkpa.georgiette@dol.gov; telephone:
(202) 693–4570)—please note that this is
not a toll-free-number).
Background Information: Since 1995,
the U.S. Congress has appropriated over
USD 720 million to ILAB for efforts to
combat exploitive child labor
internationally. This funding has been
used to support technical cooperation
projects to combat exploitive child
PO 00000
Frm 00096
Fmt 4703
Sfmt 4703
27183
labor, including the worst forms, in
more than 80 countries around the
world. Technical cooperation projects
funded by USDOL range from targeted
action programs in specific sectors of
work to more comprehensive programs
that support national efforts to eliminate
the worst forms of child labor, as
defined by International Labor
Organization (ILO) Convention 182.
Projects funded by USDOL to combat
exploitive child labor internationally
seek to achieve the following five goals:
1. Withdraw and prevent children
from involvement in exploitive child
labor through the provision of direct
educational and training services;
2. Strengthen policies on child labor
and education, the capacity of national
institutions to combat child labor, and
formal and transitional education
systems that encourage working
children and those at risk of working to
attend school;
3. Raise awareness of the importance
of education for all children and
mobilize a wide array of actors to
improve and expand education
infrastructures;
4. Support research and the collection
of reliable data on child labor; and
5. Ensure the long-term sustainability
of these efforts.
Since 1995, USDOL-funded projects
have withdrawn or prevented over 1.3
million children from exploitive labor.
Signed at Washington, DC, this 3rd day of
June, 2009.
Lisa Harvey,
Grant Officer.
[FR Doc. E9–13319 Filed 6–5–09; 8:45 am]
BILLING CODE 4510–28–P
DEPARTMENT OF LABOR
Occupational Safety and Health
Administration
[Docket No. OSHA–2009–0018]
Federal Advisory Council on
Occupational Safety and Health
(FACOSH)
AGENCY: Occupational Safety and Health
Administration (OSHA), Labor.
ACTION: Announcement of meeting.
SUMMARY: The Federal Advisory Council
on Occupational Safety and Health
(FACOSH) will meet June 25, 2009, in
Washington, DC.
DATES:
FACOSH meeting: FACOSH will meet
from 1:30 p.m. to 5 p.m., Thursday, June
25, 2009.
Submission of comments and requests
to speak: Comments and requests to
E:\FR\FM\08JNN1.SGM
08JNN1
]]>Agencies
[Federal Register Volume 74, Number 108 (Monday, June 8, 2009)]
[Notices]
[Pages 27182-27183]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-13299]
[[Page 27182]]
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DEPARTMENT OF LABOR
Office of the Secretary
Submission for OMB Review: Comment Request
June 2, 2009.
The Department of Labor (DOL) hereby announces the submission of
the following public information collection requests (ICR) to the
Office of Management and Budget (OMB) for review and approval in
accordance with the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44
U.S.C. chapter 35). A copy of each ICR, with applicable supporting
documentation; including among other things a description of the likely
respondents, proposed frequency of response, and estimated total burden
may be obtained from the RegInfo.gov Web site at https://www.reginfo.gov/public/do/PRAMain or by contacting Darrin King on 202-
693-4129 (this is not a toll-free number)/e-mail: DOL_PRA_PUBLIC@dol.gov.
Interested parties are encouraged to send comments to the Office of
Information and Regulatory Affairs, Attn: OMB Desk Officer for the
Department of Labor--Employee Benefits Security Administration (EBSA),
Office of Management and Budget, Room 10235, Washington, DC 20503,
Telephone: 202-395-7316/Fax: 202-395-5806 (these are not toll-free
numbers), E-mail: OIRA_submission@omb.eop.gov within 30 days from the
date of this publication in the Federal Register. In order to ensure
the appropriate consideration, comments should reference the OMB
Control Number (see below).
The OMB is particularly interested in comments which:
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 submission of responses.
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of a currently approved
collection.
Title of Collection: Definition of Plan Assets--Participant
Contributions.
OMB Control Number: 1210-0100.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 1.
Total Estimated Annual Burden Hours: 1.
Total Estimated Annual Costs Burden (excludes hourly wage costs):
$1,025.
Description: The Department's regulation at 29 CFR 2510.3-102
states that monies that a participant pays to, or has withheld by, an
employer for contribution to an employee benefit plan become ``plan
assets'' for purposes of Title I of Employee Retirement Income and
Security Act of 1974 (ERISA) and the related prohibited transaction
provisions of the Internal Revenue Code (the Code) as of the earliest
date on which such monies can be reasonably segregated from the
employer's general assets. With respect to employee pension benefit
plans, the regulation further sets a maximum time limit for such
contributions: the 15th business day following the end of the month in
which the participant contribution amounts are received or withheld by
the employer. Under ERISA, ``plan assets'' cannot be held by the
employer as part of its general assets, but must be contributed to the
employee benefit plan to which they belong and, with few exceptions,
held in trust.
The regulation includes a procedure through which an employer
receiving or withholding participant contributions for an employee
pension benefit plan may obtain a 10-business-day extension of the 15-
day maximum time period if certain requirements, including information
collection requirements, are met. The regulation requires, among other
things, that the employer provide written notice to plan participants,
within 5 business days after the end of the extension period and the
employer's transfer of the contributions to the plan, which the
employer elected to take the extension for that month. The notice must
explain why the employer could not transfer the participant
contributions within the maximum time period, state that the
participant contributions in question have in fact been transmitted to
the plan, and provide the date on which this was done. The employer
must also provide a copy of the participant notice to the Secretary,
along with a certification that the notice was distributed to
participants and that the other requirements under the extension
procedure were met, within 5 business days after the end of the
extension period. The information collections imposed under the
regulation include third-party disclosures and disclosures to the
government.
The information collection is intended to protect participants by
ensuring that they and the Department are aware of an employer's
failure to meet the regulatory time limits for transferring participant
contributions to the employee pension benefit plan they are intended to
fund. The Department and the affected participants can then take
appropriate action to protect the plan assets. Requiring employers to
make the disclosures also ensures that they follow the protective
requirements that are part of the extension procedure.
For additional information, see related notice published at Vol. 74
FR13476 on March 27, 2009.
Agency: Employee Benefits Security Administration.
Type of Review: Extension without change of a currently approved
collection.
Title of Collection: Termination of Abandoned Individual Account
Plans.
OMB Control Number: 1210-0127.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 100.
Total Estimated Annual Burden Hours: 7,433.
Total Estimated Annual Costs Burden (excludes hourly wage costs):
$3,366,300.
Description: This ICR is for three final regulations under the
Employee Retirement Income Security Act of 1974 (ERISA) that facilitate
the termination of, and distribution of benefits from, individual
account pension plans that have been abandoned by their sponsoring
employers. The first regulation establishes a procedure for financial
institutions holding the assets of an abandoned individual account plan
to terminate the plan and distribute benefits to the plan's
participants and beneficiaries, with limited liability. The second
regulation provides a fiduciary safe harbor for making distributions
from terminated plans on behalf of participants and beneficiaries who
fail to make an election regarding a form of benefit distribution. The
third regulation establishes a simplified method for filing a terminal
report for abandoned individual account plans.
The ICR also takes into account to a class prohibited transaction
exemption (PTE 2006-06) that permits a ``qualified termination
administrator'' (QTA) of an
[[Page 27183]]
individual account plan that has been abandoned by its sponsoring
employer to select itself or an affiliate to provide services to the
plan in connection with the termination of the plan, to pay itself or
an affiliate fees for those services, and to pay itself for services
provided prior to the plan's deemed termination, and class Prohibited
Transaction Exemption 2004-16, which permits a pension plan fiduciary
that is a financial institution and is also the employer maintaining an
individual account pension plan for its employees to establish, on
behalf of its separated employees, an IRA at a financial institution
that is either the employer or an affiliate, which IRA would receive
mandatory distributions that the fiduciary ``rolls over'' from the plan
when an employee terminates employment.
For additional information, see related notice published at Vol. 74
FR13478.
Dated: March 27, 2009.
Darrin A. King,
Departmental Clearance Officer.
[FR Doc. E9-13299 Filed 6-5-09; 8:45 am]
BILLING CODE 4510-29-P
