Transfer of Accumulated Benefit Payments, 52706-52708 [E9-24648]

Download as PDF 52706 Federal Register / Vol. 74, No. 197 / Wednesday, October 14, 2009 / Proposed Rules person in the Dockets Office between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. The Docket Office (telephone 1–800–647– 5527), is on the ground floor of the building at the above address. FOR FURTHER INFORMATION CONTACT: Scott Enander, Central Service Center, Operations Support Group, Federal Aviation Administration, Southwest Region, 2601 Meacham Blvd., Fort Worth, TX 76137; telephone: (817) 321– 7716. SUPPLEMENTARY INFORMATION: Comments Invited Interested parties are invited to participate in this proposed rulemaking by submitting such written data, views, or arguments, as they may desire. Comments that provide the factual basis supporting the views and suggestions presented are particularly helpful in developing reasoned regulatory decisions on the proposal. Comments are specifically invited on the overall regulatory, aeronautical, economic, environmental, and energy-related aspects of the proposal. Communications should identify both docket numbers and be submitted in triplicate to the address listed above. Commenters wishing the FAA to acknowledge receipt of their comments on this notice must submit with those comments a self-addressed, stamped postcard on which the following statement is made: ‘‘Comments to Docket No. FAA–2009–0631/Airspace Docket No. 09–ASW–19.’’ The postcard will be date/time stamped and returned to the commenter. cprice-sewell on DSK2BSOYB1PROD with PROPOSALS Availability of NPRMs An electronic copy of this document may be downloaded through the Internet at http://www.regulations.gov. Recently published rulemaking documents can also be accessed through the FAA’s Web page at http:// www.faa.gov/airports_airtraffic/ air_traffic/publications/ airspace_amendments/. Additionally, any person may obtain a copy of this notice by submitting a request to the Federal Aviation Administration (FAA), Office of Air Traffic Airspace Management, ATA– 400, 800 Independence Avenue, SW., Washington, DC 20591, or by calling (202) 267–8783. Communications must identify both docket numbers for this notice. Persons interested in being placed on a mailing list for future NPRM’s should contact the FAA’s Office of Rulemaking (202) 267–9677, to request a copy of Advisory Circular No. 11–2A, Notice of Proposed Rulemaking VerDate Nov<24>2008 15:31 Oct 13, 2009 Jkt 220001 Distribution System, which describes the application procedure. The Proposal This action proposes to amend Title 14, Code of Federal Regulations (14 CFR), Part 71 by establishing Class E airspace extending upward from 700 feet above the surface for SIAPs operations at Albany Municipal Airport, Albany, TX. Controlled airspace is needed for the safety and management of IFR operations at the airport. Class E airspace areas are published in Paragraph 6005 of FAA Order 7400.9T, signed August 27, 2009 and effective September 15, 2009, which is incorporated by reference in 14 CFR 71.1. The Class E airspace designation listed in this document would be published subsequently in the Order. The FAA has determined that this proposed regulation only involves an established body of technical regulations for which frequent and routine amendments are necessary to keep them operationally current. It, therefore, (1) is not a ‘‘significant regulatory action’’ under Executive Order 12866; (2) is not a ‘‘significant rule’’ under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a Regulatory Evaluation as the anticipated impact is so minimal. Since this is a routine matter that will only affect air traffic procedures and air navigation, it is certified that this rule, when promulgated, will not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. The FAA’s authority to issue rules regarding aviation safety is found in Title 49 of the U.S. Code. Subtitle 1, Section 106 describes the authority of the FAA Administrator. Subtitle VII, Aviation Programs, describes in more detail the scope of the agency’s authority. This rulemaking is promulgated under the authority described in subtitle VII, part A, subpart I, section 40103. Under that section, the FAA is charged with prescribing regulations to assign the use of airspace necessary to ensure the safety of aircraft and the efficient use of airspace. This regulation is within the scope of that authority as it would establish controlled airspace at Albany Municipal Airport, Albany, TX. List of Subjects in 14 CFR Part 71 Airspace, Incorporation by reference, Navigation (Air). PO 00000 Frm 00010 Fmt 4702 Sfmt 4702 The Proposed Amendment In consideration of the foregoing, the Federal Aviation Administration proposes to amend 14 CFR part 71 as follows: PART 71—DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR TRAFFIC SERVICE ROUTES; AND REPORTING POINTS 1. The authority citation for part 71 continues to read as follows: Authority: 49 U.S.C. 106(g); 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 1963 Comp., p. 389. § 71.1 [Amended] 2. The incorporation by reference in 14 CFR 71.1 of FAA Order 7400.9T, Airspace Designations and Reporting Points, signed August 27, 2009, and effective September 15, 2009, is amended as follows: Paragraph 6005 Class E Airspace areas extending upward from 700 feet or more above the surface of the earth. * * * * * ASW TX E5 Albany, TX [New] Albany Municipal Airport, TX (Lat. 32°43′17″ N., long. 99°16′03″ W.) That airspace extending upward from 700 feet above the surface within a 6.4-mile radius of Albany Municipal Airport, and within 4 miles each side of the 178° bearing from the airport extending from the 6.4-mile radius to 10.6 miles south of the airport, and within 4 miles each side of the 358° bearing from the airport extending from the 6.4-mile radius to 10.7 miles north of the airport. * * * * * Issued in Fort Worth, TX, on October 1, 2009. Walter L. Tweedy, Acting Manager, Operations Support Group, ATO Central Service Center. [FR Doc. E9–24650 Filed 10–13–09; 8:45 am] BILLING CODE 4901–13–P SOCIAL SECURITY ADMINISTRATION 20 CFR Parts 404 and 416 [Docket No. SSA–2009–0067] RIN 0960–AH08 Transfer of Accumulated Benefit Payments AGENCY: Social Security Administration (SSA). ACTION: Notice of proposed rulemaking. SUMMARY: We propose to amend our regulations to allow a representative payee who will no longer be serving in that capacity to transfer accumulated E:\FR\FM\14OCP1.SGM 14OCP1 cprice-sewell on DSK2BSOYB1PROD with PROPOSALS Federal Register / Vol. 74, No. 197 / Wednesday, October 14, 2009 / Proposed Rules benefit payments and interest directly to a beneficiary if we determine that it would be in the best interest of the beneficiary. This change would give us more flexibility in deciding how conserved funds should be handled in these circumstances. The change would also reduce or eliminate delays in the delivery of conserved funds to some beneficiaries. DATES: To be sure that we consider your comments, we must receive them by December 14, 2009. ADDRESSES: You may submit comments by any one of four methods—Internet, fax, mail, or hand delivery. Do not submit the same comments multiple times or by more than one method. Regardless of which method you choose, please state that your comments refer to Docket No. SSA–2009–0067 so that we may associate your comments with the correct regulation. Caution: You should be careful to include in your comments only information that you wish to make publicly available. We strongly urge you not to include in your comments any personal information, such as Social Security numbers or medical information. 1. Internet: We strongly recommend this method for submitting your comments. Visit the Federal eRulemaking portal at http:// www.regulations.gov. Use the Search function of the webpage to find docket number SSA–2009–0067, then submit your comment. Once you submit your comment, the system will issue you a tracking number to confirm your submission. You will not be able to view your comment immediately as we must manually post each comment. It may take up to a week for your comment to be viewable. 2. Fax: Fax comments to (410) 966– 2830. 3. Mail: Address your comments to the Commissioner of Social Security, P.O. Box 17703, Baltimore, MD 21235– 7703. 4. Hand delivery: Deliver your comments to the Office of Regulations, Social Security Administration, 137 Altmeyer Building, 6401 Security Boulevard, Baltimore, Maryland 21235– 6401, between 8 a.m. and 4:30 p.m., Eastern Time, business days. Comments are available for public viewing on the Federal eRulemaking portal at http://www.regulations.gov or in person, during regular business hours, by arranging with the contact person identified below. FOR FURTHER INFORMATION CONTACT: Richard Bresnick, Office of Regulations, Social Security Administration, 6401 VerDate Nov<24>2008 15:31 Oct 13, 2009 Jkt 220001 Security Boulevard, Baltimore, MD 21235–6401, (410) 965–1758. For information on eligibility or filing for benefits, call our national toll-free number, 1–800–772–1213 or TTY 1– 800–325–0778, or visit our Internet site, Social Security Online, at http:// www.socialsecurity.gov. SUPPLEMENTARY INFORMATION: Electronic Version The electronic file of this document is available on the date of publication in the Federal Register at http:// www.gpoaccess.gov/fr/index.html. Background Our representative payment regulations are in Subpart U of part 404 and subpart F of part 416. In certain cases, we will appoint a representative payee to receive benefit payments on behalf of a beneficiary. Generally, we appoint a representative payee if we have determined that the beneficiary is not able to manage his or her own benefits or direct the management of benefit payments in his or her interest. The payee must use the payments only for the beneficiary’s use and benefit. The payee must conserve or invest for the beneficiary any funds remaining after paying for the beneficiary’s current needs. If a payee is no longer going to serve in that capacity, our regulations require the payee to return conserved funds to us or transfer them to a successor payee, as we will specify. The payee is not permitted to transfer these conserved funds to a beneficiary directly. 20 CFR 404.2060 and 416.660. The payee’s inability to directly transfer funds to a beneficiary can cause difficulty for both the beneficiary and the representative payee. When we determine that a payee is no longer needed because the beneficiary has become capable of managing his or her own benefits, this two-step process delays our payment of the conserved funds to the beneficiary. Our regulatory process is particularly problematic for those beneficiaries transitioning out of foster care and for their payees. These beneficiaries might need immediate access to the conserved funds to pay for rent or other necessities. Additionally, at least one State law requires State agency representative payees for beneficiaries in foster care to turn over all conserved funds directly to the beneficiary when he or she transitions out of foster care. Explanation of Changes We propose to revise §§ 404.2060 and 416.660 of our regulations to permit a payee to transfer conserved funds to a beneficiary if we so specify. The PO 00000 Frm 00011 Fmt 4702 Sfmt 4702 52707 proposed change would give us the discretion to authorize a payee-tobeneficiary transfer of conserved funds and make the representative payment process more efficient. Allowing direct transfer would conserve our scarce administrative resources and provide faster access to beneficiaries who have become capable of managing their own benefits. Clarity of These Proposed Rules Executive Order 12866 requires each agency to write all rules in plain language. In addition to your substantive comments on these proposed rules, we invite your comments on how to make them easier to understand. For example: • Have we organized the material to suit your needs? • Are the requirements in the rules clearly stated? • Do the rules contain technical language or jargon that is not clear? • Would a different format (grouping and order of sections, use of headings, paragraphing) make the rules easier to understand? • Would more (but shorter) sections be better? • Could we improve clarity by adding tables, lists or diagrams? • What else could we do to make the rules easier to understand? When Will We Start To Use These Rules? We will not use these rules until we evaluate the public comments we receive on them, determine whether they should be issued as final rules, and issue final rules in the Federal Register. If we publish final rules, we will explain in the preamble how we will apply them, and summarize and respond to the significant public comments. Until the effective date of any final rules, we will continue to use our current rules. Regulatory Procedures Executive Order 12866 We have consulted with the Office of Management and Budget (OMB) and determined that these proposed rules do not meet the requirements for a significant regulatory action under Executive Order 12866. Thus, they were not reviewed by OMB. Regulatory Flexibility Act We certify that these proposed rules, if published in final, would not have a significant economic impact on a substantial number of small entities because they would affect primarily individuals. Accordingly, a regulatory flexibility analysis as provided in the E:\FR\FM\14OCP1.SGM 14OCP1 52708 Federal Register / Vol. 74, No. 197 / Wednesday, October 14, 2009 / Proposed Rules Regulatory Flexibility Act, as amended, is not required. Paperwork Reduction Act This rule does not create any new, or affect any existing, collections, and therefore, does not require OMB approval under the Paperwork Reduction Act. (Catalog of Federal Domestic Assistance Program Nos. 96.001, Social Security— Disability Insurance; 96.002, Social Security—Retirement Insurance; 96.004, Social Security—Survivors Insurance; and 96.006, Supplemental Security Income) PART 416—SUPPLEMENTAL SECURITY INCOME FOR THE AGED, BLIND, AND DISABLED Subpart F—[Amended] 3. The authority citation for subpart F of part 416 is revised to read as follows: Authority: Secs. 702(a)(5), 1631(a)(2) and (d)(1) of the Social Security Act (42 U.S.C. 902(a)(5) and 1383(a)(2) and (d)(1)). 4. Amend § 416.660 by revising the first sentence to read as follows: § 416.660 Transfer of accumulated benefit payments. List of Subjects 20 CFR Part 404 Administrative practice and procedure; Blind; Disability benefits; Old-Age, Survivors, and Disability Insurance; Reporting and recordkeeping requirements; Social Security. A representative payee who has conserved or invested benefit payments shall transfer these funds, and the interest earned from the invested funds, to either a successor payee, to the beneficiary, or to us, as we will specify. * * * [FR Doc. E9–24648 Filed 10–13–09; 8:45 am] BILLING CODE 4191–02–P 20 CFR Part 416 Administrative practice and procedure; Aged, Blind, Disability benefits, Public assistance programs; Reporting and recordkeeping requirements; Supplemental Security Income (SSI). DEPARTMENT OF THE TREASURY Dated: October 2, 2009. Michael J. Astrue, Commissioner of Social Security. RIN 1545–BH90 Internal Revenue Service 4. On page 46958, column 2, in § 301.7701–2, paragraph (e)(5), first line, the language ‘‘[The text of this proposed’’ is corrected to read ‘‘* * * [The text of this proposed’’. 5. On page 46958, column 2, in § 301.7701–2, paragraph (e)(6), first line, the language, ‘‘[The text of this proposed’’ is corrected to read ‘‘* * * [The text of this proposed’’. AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of proposed rulemaking by cross-reference to temporary regulations. This document contains corrections to a notice of proposed rulemaking by cross-reference to temporary regulations (REG–116614–08) that was published in the Federal Register on Monday, September 14, 2009, clarifying that a single-owner eligible entity that is disregarded as an entity separate from its owner for any purpose, but regarded as a separate entity for certain excise tax purposes, is treated as a corporation for tax administration purposes related to those excise taxes. FOR FURTHER INFORMATION CONTACT: Michael H. Beker, (202) 622–3070 (not a toll-free number). SUPPLEMENTARY INFORMATION: SUMMARY: 1. The authority citation for subpart U of part 404 is revised to read as follows: Authority: Secs. 205(a), (j), and (k), and 702(a)(5) of the Social Security Act (42 U.S.C. 405(a), (j), and (k), and 902(a)(5)). 2. Amend § 404.2060 by revising the first sentence to read as follows: cprice-sewell on DSK2BSOYB1PROD with PROPOSALS Accordingly, the publication of the notice of proposed rulemaking by crossreference to temporary regulations (REG–116614–08), which was the subject of FR Doc. E9–21986, is corrected as follows: 1. On page 46958, column 2, instructional paragraph 2, item number 4, the language ‘‘4. Revising paragraphs (e)(2), (e)(5) and (e)(6).’’ is corrected to read ‘‘4. Revising paragraph (e)(2).’’. 2. On page 46958, column 2, new item number 5 is added to read ‘‘5. Adding two sentences at the end of paragraph (e)(5).’’. 3. On page 46958, column 2, instructional paragraph 2, new item number 6 is added to read ‘‘6. Adding one sentence at the end of paragraph (e)(6).’’. § 301.7701–2 Disregarded Entities and Excise Taxes; Correction Subpart U—[Amended] § 404.2060 Transfer of accumulated benefit payments. A representative payee who has conserved or invested benefit payments shall transfer these funds and the interest earned from the invested funds to either a successor payee, to the beneficiary, or to us, as we will specify. * * * Jkt 220001 Correction of Publication [REG–116614–08] PART 404—FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950– ) 15:31 Oct 13, 2009 As published on Monday, September 14, 2009 (74 FR 46957), the notice of proposed rulemaking by cross-reference to temporary regulations (REG–116614– 08) contains errors that may prove to be misleading and are in need of clarification. 26 CFR Part 301 For the reasons set out in the preamble, we propose to amend subpart U of part 404 and subpart F of part 416 of chapter III of title 20 Code of Federal Regulations as set forth below: VerDate Nov<24>2008 Need for Correction Background The correction notice that is the subject of this document is under section 7701 of the Internal Revenue Code. PO 00000 Frm 00012 Fmt 4702 Sfmt 4702 [Corrected] Diane O. Williams, Federal Register Liaison, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel, (Procedure and Administration). [FR Doc. E9–24655 Filed 10–13–09; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF LABOR Mine Safety and Health Administration 30 CFR Parts 70, 71 and 90 RIN 1219–AB48 Respirable Coal Mine Dust: Continuous Personal Dust Monitor (CPDM) AGENCY: Mine Safety and Health Administration (MSHA), Labor. ACTION: Request for information. SUMMARY: This document requests information related to the use of the E:\FR\FM\14OCP1.SGM 14OCP1

Agencies

[Federal Register Volume 74, Number 197 (Wednesday, October 14, 2009)]
[Proposed Rules]
[Pages 52706-52708]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-24648]


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SOCIAL SECURITY ADMINISTRATION

20 CFR Parts 404 and 416

[Docket No. SSA-2009-0067]
RIN 0960-AH08


Transfer of Accumulated Benefit Payments

AGENCY: Social Security Administration (SSA).

ACTION: Notice of proposed rulemaking.

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

SUMMARY: We propose to amend our regulations to allow a representative 
payee who will no longer be serving in that capacity to transfer 
accumulated

[[Page 52707]]

benefit payments and interest directly to a beneficiary if we determine 
that it would be in the best interest of the beneficiary. This change 
would give us more flexibility in deciding how conserved funds should 
be handled in these circumstances. The change would also reduce or 
eliminate delays in the delivery of conserved funds to some 
beneficiaries.

DATES: To be sure that we consider your comments, we must receive them 
by December 14, 2009.

ADDRESSES: You may submit comments by any one of four methods--
Internet, fax, mail, or hand delivery. Do not submit the same comments 
multiple times or by more than one method. Regardless of which method 
you choose, please state that your comments refer to Docket No. SSA-
2009-0067 so that we may associate your comments with the correct 
regulation.
    Caution: You should be careful to include in your comments only 
information that you wish to make publicly available. We strongly urge 
you not to include in your comments any personal information, such as 
Social Security numbers or medical information.
    1. Internet: We strongly recommend this method for submitting your 
comments. Visit the Federal eRulemaking portal at http://www.regulations.gov. Use the Search function of the webpage to find 
docket number SSA-2009-0067, then submit your comment. Once you submit 
your comment, the system will issue you a tracking number to confirm 
your submission. You will not be able to view your comment immediately 
as we must manually post each comment. It may take up to a week for 
your comment to be viewable.
    2. Fax: Fax comments to (410) 966-2830.
    3. Mail: Address your comments to the Commissioner of Social 
Security, P.O. Box 17703, Baltimore, MD 21235-7703.
    4. Hand delivery: Deliver your comments to the Office of 
Regulations, Social Security Administration, 137 Altmeyer Building, 
6401 Security Boulevard, Baltimore, Maryland 21235-6401, between 8 a.m. 
and 4:30 p.m., Eastern Time, business days.
    Comments are available for public viewing on the Federal 
eRulemaking portal at http://www.regulations.gov or in person, during 
regular business hours, by arranging with the contact person identified 
below.

FOR FURTHER INFORMATION CONTACT: Richard Bresnick, Office of 
Regulations, Social Security Administration, 6401 Security Boulevard, 
Baltimore, MD 21235-6401, (410) 965-1758. For information on 
eligibility or filing for benefits, call our national toll-free number, 
1-800-772-1213 or TTY 1-800-325-0778, or visit our Internet site, 
Social Security Online, at http://www.socialsecurity.gov.

SUPPLEMENTARY INFORMATION:

Electronic Version

    The electronic file of this document is available on the date of 
publication in the Federal Register at http://www.gpoaccess.gov/fr/index.html.

Background

    Our representative payment regulations are in Subpart U of part 404 
and subpart F of part 416. In certain cases, we will appoint a 
representative payee to receive benefit payments on behalf of a 
beneficiary. Generally, we appoint a representative payee if we have 
determined that the beneficiary is not able to manage his or her own 
benefits or direct the management of benefit payments in his or her 
interest. The payee must use the payments only for the beneficiary's 
use and benefit. The payee must conserve or invest for the beneficiary 
any funds remaining after paying for the beneficiary's current needs.
    If a payee is no longer going to serve in that capacity, our 
regulations require the payee to return conserved funds to us or 
transfer them to a successor payee, as we will specify. The payee is 
not permitted to transfer these conserved funds to a beneficiary 
directly. 20 CFR 404.2060 and 416.660. The payee's inability to 
directly transfer funds to a beneficiary can cause difficulty for both 
the beneficiary and the representative payee. When we determine that a 
payee is no longer needed because the beneficiary has become capable of 
managing his or her own benefits, this two-step process delays our 
payment of the conserved funds to the beneficiary.
    Our regulatory process is particularly problematic for those 
beneficiaries transitioning out of foster care and for their payees. 
These beneficiaries might need immediate access to the conserved funds 
to pay for rent or other necessities. Additionally, at least one State 
law requires State agency representative payees for beneficiaries in 
foster care to turn over all conserved funds directly to the 
beneficiary when he or she transitions out of foster care.

Explanation of Changes

    We propose to revise Sec. Sec.  404.2060 and 416.660 of our 
regulations to permit a payee to transfer conserved funds to a 
beneficiary if we so specify. The proposed change would give us the 
discretion to authorize a payee-to-beneficiary transfer of conserved 
funds and make the representative payment process more efficient. 
Allowing direct transfer would conserve our scarce administrative 
resources and provide faster access to beneficiaries who have become 
capable of managing their own benefits.

Clarity of These Proposed Rules

    Executive Order 12866 requires each agency to write all rules in 
plain language. In addition to your substantive comments on these 
proposed rules, we invite your comments on how to make them easier to 
understand. For example:
     Have we organized the material to suit your needs?
     Are the requirements in the rules clearly stated?
     Do the rules contain technical language or jargon that is 
not clear?
     Would a different format (grouping and order of sections, 
use of headings, paragraphing) make the rules easier to understand?
     Would more (but shorter) sections be better?
     Could we improve clarity by adding tables, lists or 
diagrams?
     What else could we do to make the rules easier to 
understand?

When Will We Start To Use These Rules?

    We will not use these rules until we evaluate the public comments 
we receive on them, determine whether they should be issued as final 
rules, and issue final rules in the Federal Register. If we publish 
final rules, we will explain in the preamble how we will apply them, 
and summarize and respond to the significant public comments. Until the 
effective date of any final rules, we will continue to use our current 
rules.

Regulatory Procedures

Executive Order 12866

    We have consulted with the Office of Management and Budget (OMB) 
and determined that these proposed rules do not meet the requirements 
for a significant regulatory action under Executive Order 12866. Thus, 
they were not reviewed by OMB.

Regulatory Flexibility Act

    We certify that these proposed rules, if published in final, would 
not have a significant economic impact on a substantial number of small 
entities because they would affect primarily individuals. Accordingly, 
a regulatory flexibility analysis as provided in the

[[Page 52708]]

Regulatory Flexibility Act, as amended, is not required.

Paperwork Reduction Act

    This rule does not create any new, or affect any existing, 
collections, and therefore, does not require OMB approval under the 
Paperwork Reduction Act.

(Catalog of Federal Domestic Assistance Program Nos. 96.001, Social 
Security--Disability Insurance; 96.002, Social Security--Retirement 
Insurance; 96.004, Social Security--Survivors Insurance; and 96.006, 
Supplemental Security Income)

List of Subjects

20 CFR Part 404

    Administrative practice and procedure; Blind; Disability benefits; 
Old-Age, Survivors, and Disability Insurance; Reporting and 
recordkeeping requirements; Social Security.

20 CFR Part 416

    Administrative practice and procedure; Aged, Blind, Disability 
benefits, Public assistance programs; Reporting and recordkeeping 
requirements; Supplemental Security Income (SSI).

    Dated: October 2, 2009.
Michael J. Astrue,
Commissioner of Social Security.
    For the reasons set out in the preamble, we propose to amend 
subpart U of part 404 and subpart F of part 416 of chapter III of title 
20 Code of Federal Regulations as set forth below:

PART 404--FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE 
(1950- )

Subpart U--[Amended]

    1. The authority citation for subpart U of part 404 is revised to 
read as follows:

    Authority:  Secs. 205(a), (j), and (k), and 702(a)(5) of the 
Social Security Act (42 U.S.C. 405(a), (j), and (k), and 902(a)(5)).

    2. Amend Sec.  404.2060 by revising the first sentence to read as 
follows:


Sec.  404.2060  Transfer of accumulated benefit payments.

    A representative payee who has conserved or invested benefit 
payments shall transfer these funds and the interest earned from the 
invested funds to either a successor payee, to the beneficiary, or to 
us, as we will specify. * * *

PART 416--SUPPLEMENTAL SECURITY INCOME FOR THE AGED, BLIND, AND 
DISABLED

Subpart F--[Amended]

    3. The authority citation for subpart F of part 416 is revised to 
read as follows:

    Authority:  Secs. 702(a)(5), 1631(a)(2) and (d)(1) of the Social 
Security Act (42 U.S.C. 902(a)(5) and 1383(a)(2) and (d)(1)).

    4. Amend Sec.  416.660 by revising the first sentence to read as 
follows:


Sec.  416.660  Transfer of accumulated benefit payments.

    A representative payee who has conserved or invested benefit 
payments shall transfer these funds, and the interest earned from the 
invested funds, to either a successor payee, to the beneficiary, or to 
us, as we will specify. * * *
[FR Doc. E9-24648 Filed 10-13-09; 8:45 am]
BILLING CODE 4191-02-P