Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums, 44028-44029 [2010-18302]

Download as PDF 44028 Federal Register / Vol. 75, No. 143 / Tuesday, July 27, 2010 / Notices Dated at Rockville, Maryland, this 15th day of July 2010. For the Nuclear Regulatory Commission. Joseph G. Giitter, Director, Division of Operating Reactor Licensing, Office of Nuclear Reactor Regulation. [FR Doc. 2010–18078 Filed 7–26–10; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION [NRC–2010–0002] Sunshine Act; Notice of Meeting Weeks of July 26, August 2, 9, 16, 23, 30, 2010. PLACE: Commissioners’ Conference Room, 11555 Rockville Pike, Rockville, Maryland. STATUS: Public and Closed. DATE: Week of July 26, 2010 There are no meetings scheduled for the week of July 26, 2010. Week of August 2, 2010—Tentative There are no meetings scheduled for the week of August 2, 2010. Week of August 9, 2010—Tentative Thursday, August 12, 2010 9:30 a.m. Meeting with Organization of Agreement States (OAS) and Conference of Radiation Control Program Directors (CRCPD) (Public Meeting) (Contact: Cindy Flannery, 301 415–0223). This meeting will be webcast live at the Web address—https://www.nrc.gov. The NRC Commission Meeting Schedule can be found on the Internet at: https://www.nrc.gov/about-nrc/policymaking/schedule.html. * * * * * The NRC provides reasonable accommodation to individuals with disabilities where appropriate. If you need a reasonable accommodation to participate in these public meetings, or need this meeting notice or the transcript or other information from the public meetings in another format (e.g. braille, large print), please notify Angela Bolduc, Chief, Employee/Labor Relations and Work Life Branch, at 301– 492–2230, TDD: 301–415–2100, or by email at angela.bolduc@nrc.gov. mailto:dlc@nrc.gov. mailto:aks@nrc.gov. Determinations on requests for reasonable accommodation will be made on a case-by-case basis. * * * * * This notice is distributed electronically to subscribers. If you no longer wish to receive it, or would like to be added to the distribution, please contact the Office of the Secretary, Washington, DC 20555 (301–415–1969), or send an e-mail to darlene.wright@nrc.gov. Dated: July 22, 2010. Rochelle C. Bavol, Policy Coordinator, Office of the Secretary. [FR Doc. 2010–18482 Filed 7–23–10; 4:15 pm] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums Week of August 23, 2010—Tentative There are no meetings scheduled for the week of August 23, 2010. sroberts on DSKD5P82C1PROD with NOTICES Week of August 16, 2010—Tentative There are no meetings scheduled for the week of August 16, 2010. AGENCY: Week of August 30, 2010—Tentative There are no meetings scheduled for the week of August 30, 2010. * * * * * The schedule for Commission meetings is subject to change on short notice. To verify the status of meetings, call (recording)—(301) 415–1292. Contact person for more information: Rochelle Bavol, (301) 415–1651. * * * * * Additional Information Affirmation of David Geisen, NRC Staff Petition for Review of LBP–09–24 (Aug. 28, 2009) previously scheduled on Friday, July 16, 2010, was postponed. * * * * * VerDate Mar<15>2010 16:30 Jul 26, 2010 Jkt 220001 Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval of revised collection of information. The Pension Benefit Guaranty Corporation (PBGC) is modifying the collection of information under Part 4007 of its regulation on Payment of Premiums (OMB control number 1212– 0007; expires February 28, 2011) and is requesting that the Office of Management and Budget (OMB) extend approval of the collection of information under the Paperwork Reduction Act for three years. This notice informs the public of PBGC’s request and solicits public comment on the collection of information. SUMMARY: Comments must be submitted by August 26, 2010. DATES: PO 00000 Frm 00114 Fmt 4703 Sfmt 4703 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 and PBGC’s request may be obtained without charge by writing to the Disclosure Division, Office of General Counsel, 1200 K Street, NW., Washington, DC 20005–4026, or by visiting the Disclosure Division or calling 202–326–4040 during normal business hours. (TTY/TDD users may call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4040.) The premium payment regulation and the premium instructions (including illustrative forms) for 2010 and prior years can be accessed on PBGC’s Web site at https://www.pbgc.gov. FOR FURTHER INFORMATION CONTACT: James Bloch, Program Analyst, Legislative and Policy Division, or Catherine B. Klion, Manager, Regulatory and Policy Division, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026; 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: Section 4007 of Title IV of the Employee Retirement Income Security Act of 1974 (ERISA) requires pension plans covered under Title IV pension insurance programs to pay premiums to PBGC. Pursuant to section 4007, PBGC has issued its regulation on Payment of Premiums (29 CFR Part 4007). Under § 4007.3 of the premium payment regulation, plan administrators are required to file premium payments and information prescribed by PBGC. Premium information must be filed electronically using ‘‘My Plan Administration Account’’ (‘‘My PAA’’) through PBGC’s Web site except to the extent PBGC grants an exemption for good cause in appropriate circumstances, in which case the information must be filed using an approved PBGC form. The plan administrator of each pension plan covered by Title IV of ERISA is required to submit one or more premium filings for each premium payment year. Under § 4007.10 of the premium payment regulation, plan administrators are required to retain records about premiums and information submitted in premium filings. ADDRESSES: E:\FR\FM\27JYN1.SGM 27JYN1 sroberts on DSKD5P82C1PROD with NOTICES Federal Register / Vol. 75, No. 143 / Tuesday, July 27, 2010 / Notices PBGC needs information from premium filings to identify the plans for which premiums are paid, to verify whether the amounts paid are correct, to help PBGC determine the magnitude of its exposure in the event of plan termination, to help track the creation of new plans and transfer of participants and plan assets and liabilities among plans, and to keep PBGC’s insured-plan inventory up to date. That information and the retained records are also needed for audit purposes. All plans covered by Title IV of ERISA pay a flat-rate per-participant premium. An underfunded singleemployer plan also pays a variable-rate premium based on the value of the plan’s unfunded vested benefits. Large-plan filers (i.e., plans that were required to pay premiums for 500 or more participants for the prior plan year) are required to pay PBGC’s flatrate premium early in the premium payment year. Because the participant count often is not available until late in the premium payment year, PBGC permits filers to make an ‘‘Estimated flat-rate premium filing.’’ All plans are required to make a ‘‘Comprehensive premium filing.’’ Comprehensive filings are used to report (i) the flat-rate premium and related data (all plans), (ii) the variable-rate premium and related data (singleemployer plans), and (iii) additional data such as identifying information and miscellaneous plan-related or filingrelated data (all plans). For large plans, the Comprehensive filing also serves to reconcile an estimated flat-rate premium paid earlier in the year. PBGC intends to revise the 2011 filing instructions to: • Remove references to a transition rule in section 430 of the Internal Revenue Code that no longer applies. • Remove instructions about the credit card payment option for premium payments, which is being eliminated because of low usage. • Clarify that if a plan has been frozen more than once, a filer should report the most recent date that the plan became closed to new entrants. These instructions parallel the benefit-accrualfreeze instructions. • Make minor editorial changes. PBGC intends to revise the 2012 filing instructions to require plans using the alternative premium funding target to report the ‘‘effective interest rate’’ (defined in section 430(h) of the Internal Revenue Code). PBGC will use this information to update its annual contingency list and financial statements more timely and accurately. PBGC is not making this change until 2012 to provide time to modify its VerDate Mar<15>2010 16:30 Jul 26, 2010 Jkt 220001 premium accounting system to handle the new data element. The collection of information under the regulation has been approved through February 28, 2011, by OMB under control number 1212–0007. PBGC is requesting that OMB extend approval of the collection of information, with modifications, for another 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. PBGC estimates that it will receive 34,300 premium filings per year from 28,500 plan administrators under this collection of information. PBGC further estimates that the average annual burden of this collection of information is 9,000 hours and $59,960,000. Issued in Washington, DC, July 21, 2010. John H. Hanley, Director, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation. [FR Doc. 2010–18302 Filed 7–26–10; 8:45 am] BILLING CODE 7709–01–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2010–28 and CP2010–71; Order No. 492] New Postal Product Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recently-filed Postal Service filing to add Global Expedited Package Services 3 to the competitive product list. The Postal Service has also filed a related contract. This notice addresses procedural steps associated with the filing. SUMMARY: DATES: Comments are due: July 27, 2010. Submit comments electronically via the Commission’s Filing Online system at https:// www.prc.gov. Commenters who cannot submit their views electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on alternatives to electronic filing. FOR FURTHER INFORMATION CONTACT: Stephen L. Sharfman, General Counsel, stephen.sharfman@prc.gov or 202–789– 6820. SUPPLEMENTARY INFORMATION: ADDRESSES: Table of Contents I. Introduction II. Notice of Filing PO 00000 Frm 00115 Fmt 4703 Sfmt 4703 44029 III. Ordering Paragraphs I. Introduction On July 14, 2010, the Postal Service filed a notice announcing that it has entered into an additional Global Expedited Package Services (GEPS) contract and seeks to add it as Global Expedited Package Services 3 to the competitive product list.1 The Postal Service believes the instant contract is functionally equivalent to previously submitted GEPS 2 contracts, and is supported by Governors’ Decision No. 08–7, attached to the Notice and originally filed in Docket No. CP2008– 4. Id. at 1, Attachment 4. The Notice also explains that Order No. 86, which established GEPS 1 as a product, also authorized functionally equivalent agreements to be included within the product, provided that they meet the requirements of 39 U.S.C. 3633. Id. at 1. In Order No. 290, the Commission approved the GEPS 2 product.2 The Postal Service seeks to add the GEPS 3 product to the competitive product list. Id. at 2. Although the filing is styled as a ‘‘request,’’ it does not appear to have been submitted pursuant to 39 CFR 3020.30 et seq. Docket No. MC2010–28 is established to consider this aspect of the Postal Service’s filing. Docket No. CP2010–71 is established to consider the instant contract. The instant contract. The Postal Service filed the instant contract pursuant to 39 CFR 3015.5. In addition, the Postal Service contends that the contract is in accordance with Order No. 86. The term of the contract is 1 year from the date the Postal Service notifies the customer that all necessary regulatory approvals have been received. The Postal Service relates that the instant contract is for the same mailer as in Docket No. CP2009–50. It states the mailer’s current contract ends July 31, 2010, and it expects the new contract to begin August 1, 2010. In support of its Notice, the Postal Service filed five attachments as follows: 1. Attachment 1–statement of supporting justification required by 39 CFR 3020.32; 1 Notice and Request of the United States Postal Service to Add Global Expedited Package Services 3 to the competitive products list and Notice of Filing of Functionally Equivalent Negotiated Service Agreement and Application for Non-Public Treatment of Materials Filed Under Seal, July 14, 2010 (Notice); see also Notice of Errata Concerning Electronic Filing, July 15, 2010. 2 Docket No. CP2009–50, Order Granting Clarification and Adding Global Expedited Package Services 2 to the competitive product list, August 28, 2009 (Order No. 290). E:\FR\FM\27JYN1.SGM 27JYN1

Agencies

[Federal Register Volume 75, Number 143 (Tuesday, July 27, 2010)]
[Notices]
[Pages 44028-44029]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-18302]


=======================================================================
-----------------------------------------------------------------------

PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Payment of Premiums

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval of revised 
collection of information.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is modifying 
the collection of information under Part 4007 of its regulation on 
Payment of Premiums (OMB control number 1212-0007; expires February 28, 
2011) and is requesting that the Office of Management and Budget (OMB) 
extend approval of the collection of information under the Paperwork 
Reduction Act for three years. This notice informs the public of PBGC's 
request and solicits public comment on the collection of information.

DATES: Comments must be submitted by August 26, 2010.

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 and PBGC's request may be 
obtained without charge by writing to the Disclosure Division, Office 
of General Counsel, 1200 K Street, NW., Washington, DC 20005-4026, or 
by visiting the Disclosure Division or calling 202-326-4040 during 
normal business hours. (TTY/TDD users may call the Federal relay 
service toll-free at 1-800-877-8339 and ask to be connected to 202-326-
4040.) The premium payment regulation and the premium instructions 
(including illustrative forms) for 2010 and prior years can be accessed 
on PBGC's Web site at https://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: James Bloch, Program Analyst, 
Legislative and Policy Division, or Catherine B. Klion, Manager, 
Regulatory and Policy Division, Legislative and Regulatory Department, 
Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, 
DC 20005-4026; 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: Section 4007 of Title IV of the Employee 
Retirement Income Security Act of 1974 (ERISA) requires pension plans 
covered under Title IV pension insurance programs to pay premiums to 
PBGC. Pursuant to section 4007, PBGC has issued its regulation on 
Payment of Premiums (29 CFR Part 4007). Under Sec.  4007.3 of the 
premium payment regulation, plan administrators are required to file 
premium payments and information prescribed by PBGC. Premium 
information must be filed electronically using ``My Plan Administration 
Account'' (``My PAA'') through PBGC's Web site except to the extent 
PBGC grants an exemption for good cause in appropriate circumstances, 
in which case the information must be filed using an approved PBGC 
form. The plan administrator of each pension plan covered by Title IV 
of ERISA is required to submit one or more premium filings for each 
premium payment year. Under Sec.  4007.10 of the premium payment 
regulation, plan administrators are required to retain records about 
premiums and information submitted in premium filings.

[[Page 44029]]

    PBGC needs information from premium filings to identify the plans 
for which premiums are paid, to verify whether the amounts paid are 
correct, to help PBGC determine the magnitude of its exposure in the 
event of plan termination, to help track the creation of new plans and 
transfer of participants and plan assets and liabilities among plans, 
and to keep PBGC's insured-plan inventory up to date. That information 
and the retained records are also needed for audit purposes.
    All plans covered by Title IV of ERISA pay a flat-rate per-
participant premium. An underfunded single-employer plan also pays a 
variable-rate premium based on the value of the plan's unfunded vested 
benefits.
    Large-plan filers (i.e., plans that were required to pay premiums 
for 500 or more participants for the prior plan year) are required to 
pay PBGC's flat-rate premium early in the premium payment year. Because 
the participant count often is not available until late in the premium 
payment year, PBGC permits filers to make an ``Estimated flat-rate 
premium filing.''
    All plans are required to make a ``Comprehensive premium filing.'' 
Comprehensive filings are used to report (i) the flat-rate premium and 
related data (all plans), (ii) the variable-rate premium and related 
data (single-employer plans), and (iii) additional data such as 
identifying information and miscellaneous plan-related or filing-
related data (all plans). For large plans, the Comprehensive filing 
also serves to reconcile an estimated flat-rate premium paid earlier in 
the year.
    PBGC intends to revise the 2011 filing instructions to:
     Remove references to a transition rule in section 430 of 
the Internal Revenue Code that no longer applies.
     Remove instructions about the credit card payment option 
for premium payments, which is being eliminated because of low usage.
     Clarify that if a plan has been frozen more than once, a 
filer should report the most recent date that the plan became closed to 
new entrants. These instructions parallel the benefit-accrual-freeze 
instructions.
     Make minor editorial changes.
    PBGC intends to revise the 2012 filing instructions to require 
plans using the alternative premium funding target to report the 
``effective interest rate'' (defined in section 430(h) of the Internal 
Revenue Code). PBGC will use this information to update its annual 
contingency list and financial statements more timely and accurately. 
PBGC is not making this change until 2012 to provide time to modify its 
premium accounting system to handle the new data element.
    The collection of information under the regulation has been 
approved through February 28, 2011, by OMB under control number 1212-
0007. PBGC is requesting that OMB extend approval of the collection of 
information, with modifications, for another 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.
    PBGC estimates that it will receive 34,300 premium filings per year 
from 28,500 plan administrators under this collection of information. 
PBGC further estimates that the average annual burden of this 
collection of information is 9,000 hours and $59,960,000.

    Issued in Washington, DC, July 21, 2010.
John H. Hanley,
Director, Legislative and Regulatory Department, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2010-18302 Filed 7-26-10; 8:45 am]
BILLING CODE 7709-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.