New Postal Product, 54401-54402 [2010-22155]

Download as PDF Federal Register / Vol. 75, No. 172 / Tuesday, September 7, 2010 / Notices Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of the collection of information for the termination premium under its regulation on Payment of Premiums (29 CFR Part 4007) (OMB control number 1212–0064; expires October 31, 2010), without change. This notice informs the public of PBGC’s request and solicits public comment on the collection of information. DATES: Comments should be submitted by October 7, 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. The collection of information (Form T and instructions) and PBGC’s premium payment regulation may be accessed on PBGC’s Web site at https:// www.pbgc.gov. Copies of the collection of information and PBGC’s request may also be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC, 1200 K Street, NW., Washington, DC 20005, or by visiting the Disclosure Division or calling 202–326–4040 during normal business hours. (TTY and TDD users may call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4040.) FOR FURTHER INFORMATION CONTACT: Deborah C. Murphy, Staff Attorney, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026, 202–326–4024. (TTY and TDD users may call the Federal relay service toll-free at 1–800–877–8339 and ask to be connected to 202–326–4024.) SUPPLEMENTARY INFORMATION: Pension Benefit Guaranty Corporation (PBGC) administers the pension plan termination insurance program under title IV of the Employee Retirement Income Security Act of 1974 (ERISA). Section 4006(a)(7) of ERISA provides for a ‘‘termination premium’’ (in addition to the flat-rate and variable-rate premiums under section 4006(a)(3)(A) and (E) of ERISA) that is payable for three years following certain distress and involuntary plan terminations. PBGC’s regulations on Premium Rates (29 CFR part 4006) and Payment of Premiums (29 CFR part 4007) implement the termination premium. Sections 4007.3 and 4007.13(b) of the premium payment regulation require the filing of wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 SUMMARY: VerDate Mar<15>2010 15:24 Sep 03, 2010 Jkt 220001 termination premium information and payments with PBGC. PBGC has promulgated Form T and instructions for paying the termination premium. In general, the termination premium applies where a single-employer plan terminates in a distress termination under ERISA section 4041(c) (unless contributing sponsors and controlled group members meet the bankruptcy liquidation requirements of ERISA section 4041(c)(2)(B)(i)) or in an involuntary termination under ERISA section 4042, and the termination date under section 4048 of ERISA is after 2005. The termination premium does not apply in certain cases where termination occurs during a bankruptcy proceeding filed before October 18, 2005. The termination premium is payable for three years. The same amount is payable each year. The amount of each payment is based on the number of participants in the plan as of the day before the termination date. In general, the amount of each payment is equal to $1,250 times the number of participants. However, the rate is increased from $1,250 to $2,500 in certain cases involving commercial airline or airline catering service plans. The termination premium is due on the 30th day of each of three consecutive 12-month periods. The first 12-month period generally begins shortly after the termination date or after the conclusion of bankruptcy proceedings in certain cases. Sections 4007.3 and 4007.13(b) of the premium payment regulation require the filing of termination premiums and related information. A filing must be made by a person liable for the termination premium. The persons liable for the termination premium are contributing sponsors and members of their controlled groups, determined on the day before the plan termination date. Interest on late termination premiums is charged at the rate imposed under section 6601(a) of the Internal Revenue Code, compounded daily, from the due date to the payment date. Penalties based on facts and circumstances may be assessed both for failure to timely pay the termination premium and for failure to timely file required related information and may be waived in appropriate circumstances. A penalty for late payment will not exceed the amount of termination premium paid late. Section 4007.10 of the premium payment regulation requires the retention of records supporting or validating the computation of premiums paid and requires that the records be made available to PBGC. OMB has approved the termination premium collection of information PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 54401 (Form T and instructions) under control number 1212–0064 through October 31, 2010. PBGC is requesting that OMB extend approval of this collection of information for three years, without change. (In connection with this request for extension of OMB approval, Form T has been reformatted without substantive change, and current burden data and instructions for the hearing impaired have been added to the Form T instructions.) 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 assumes that termination premium filings will be made with respect to one termination per year. Accordingly, PBGC assumes that it will receive each year an average of about one first-year, one second-year, and one third-year termination premium filing from an average of about three plan sponsor groups. Thus, PBGC estimates that the total annual burden of the collection of information will be about two-and-a-half hours and $16,625. Issued in Washington, DC, August 30, 2010. John H. Hanley, Director, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation. [FR Doc. 2010–22222 Filed 9–3–10; 8:45 am] BILLING CODE 7709–01–P POSTAL REGULATORY COMMISSION [Docket Nos. CP2010–102 and CP2010–103; Order No. 529] New Postal Product Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recently–filed Postal Service request to add two Global Expedited Package Services 3 contracts to the competitive product list. This notice addresses procedural steps associated with the filing. SUMMARY: DATES: Comments are due: September 8, 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, ADDRESSES: E:\FR\FM\07SEN1.SGM 07SEN1 54402 Federal Register / Vol. 75, No. 172 / Tuesday, September 7, 2010 / Notices stephen.sharfman@prc.gov or 202–789– 6820. SUPPLEMENTARY INFORMATION: Table of Contents I. Introduction II. Notice of Filing III. Ordering Paragraphs wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 I. Introduction On August 30, 2010, the Postal Service filed a notice announcing that it has entered into two additional Global Expedited Package Services 3 (GEPS 3) contracts.1 The Postal Service believes the instant contracts are functionally equivalent to previously submitted GEPS contracts, and are supported by Governors’ Decision No. 08–7, attached to the Notice and originally filed in Docket No. CP2008–4. Id. at 1, Attachment 3. The Notice 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 2. In Order No. 290, the Commission approved the GEPS 2 product.2 In Order No. 503, the Commission approved the GEPS 3 product. Additionally, the Postal Service requested to have the contract in Docket No. CP2010–71 serve as the baseline contract for future functional equivalence analyses of the GEPS 3 product. The instant contracts. The Postal Service filed the instant contracts pursuant to 39 CFR 3015.5. In addition, the Postal Service contends that each contract is in accordance with Order No. 86. The term of each contract is one year from the date the Postal Service notifies the customer that all necessary regulatory approvals have been received. Notice at 3. In support of its Notice, the Postal Service filed four attachments as follows: • Attachments 1A and 1B—redacted copies of the two contracts and applicable annexes; •Attachments 2A and 2B—certified statements required by 39 CFR 3015.5(c)(2) for each contract; • Attachment 3—a redacted copy of Governors’ Decision No. 08–7, which establishes prices and classifications for 1 Notice of United States Postal Service of Filing Two Functionally Equivalent Global Expedited Package Services 3 Negotiated Service Agreements and Application For Non–Public Treatment of Materials Filed Under Seal, August 30, 2010 (Notice). 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). VerDate Mar<15>2010 15:24 Sep 03, 2010 Jkt 220001 GEPS contracts, a description of applicable GEPS contracts, formulas for prices, an analysis of the formulas, and certification of the Governors’ vote; and • Attachment 4—an application for non–public treatment of materials to maintain redacted portions of the contracts and supporting documents under seal. The Notice advances reasons why the instant GEPS 3 contracts fit within the Mail Classification Schedule language for GEPS. The Postal Service identifies customer–specific information and general contract terms that distinguish the instant contracts from the baseline GEPS 3 agreement. Id. at 4–5. It states that the differences, which include price variations based on updated costing information and volume commitments, do not alter the contracts’ functional equivalency. Id. at 4. The Postal Service asserts that ‘‘[b]ecause the agreements incorporate the same cost attributes and methodology, the relevant characteristics of these two GEPS contracts are similar, if not the same, as the relevant characteristics of previously filed contracts.’’ Id. The Postal Service concludes that its filings demonstrate that each of the new GEPS 3 contracts complies with the requirements of 39 U.S.C. 3633 and is functionally equivalent to the baseline GEPS 3 contract. Therefore, it requests that the instant contracts be included within the GEPS 3 product. Id. at 5. II. Notice of Filing The Commission establishes Docket Nos. CP2010–102 and CP2010–103 for consideration of matters related to the contracts identified in the Postal Service’s Notice. These dockets are addressed on a consolidated basis for purposes of this order. Filings with respect to a particular contract should be filed in that docket. Interested persons may submit comments on whether the Postal Service’s contracts are consistent with the policies of 39 U.S.C. 3632, 3633, or 3642. Comments are due no later than September 8, 2010. The public portions of these filings can be accessed via the Commission’s Web site (https://www.prc.gov.) The Commission appoints Paul L. Harrington to serve as Public Representative in the captioned proceedings. III. Ordering Paragraphs It is ordered: 1. The Commission establishes Docket Nos. CP2010–102 and CP2010–103 for consideration of matters raised by the Postal Service’s Notice. PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 2. Comments by interested persons in these proceedings are due no later than September 8, 2010. 3. Pursuant to 39 U.S.C. 505, Paul L. Harrington is appointed to serve as the officer of the Commission (Public Representative) to represent the interests of the general public in these proceedings. 4. The Secretary shall arrange for publication of this order in the Federal Register. By the Commission. Shoshana M. Grove, Secretary. [FR Doc. 2010–22155 Filed 9–3–10; 8:45 am] BILLING CODE 7710–FW–S POSTAL REGULATORY COMMISSION [Docket No. A2010–6; Order No. 527] Post Office Closing Postal Regulatory Commission. Notice. AGENCY: ACTION: This document informs the public that an appeal of the closing of the Renfro Valley Post Office, Renfro Valley, Kentucky 40473, has been filed. It identifies preliminary steps and provides a procedural schedule. Publication of this document will allow the Postal Service, petitioner, and others to take appropriate action. DATES: Deadline for filing administrative record: September 9, 2010. See the Procedural Schedule for other important dates. ADDRESSES: Submit filings electronically via the Commission’s Filing Online system at https://www.prc.gov. Those who cannot file 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: Notice is hereby given that pursuant to 39 U.S.C. 404(d), the Commission has received an appeal of the closing of the Renfro Valley Post Office, Renfro Valley, Kentucky 40473. The appeal, which appears to be postmarked August 19, 2010, was received by the Commission on August 25, 2010. The Commission hereby institutes a proceeding under 39 U.S.C. 404(d)(5) and designates the case as Docket No. A2010–6 to consider the petitioner’s appeal. If the petitioner would like to further explain his position with supplemental information SUMMARY: E:\FR\FM\07SEN1.SGM 07SEN1

Agencies

POSTAL REGULATORY COMMISSION

[Federal Register Volume 75, Number 172 (Tuesday, September 7, 2010)]
[Notices]
[Pages 54401-54402]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-22155]


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POSTAL REGULATORY COMMISSION

[Docket Nos. CP2010-102 and CP2010-103; Order No. 529]


New Postal Product

AGENCY:  Postal Regulatory Commission.

ACTION:  Notice.

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SUMMARY:  The Commission is noticing a recently-filed Postal Service 
request to add two Global Expedited Package Services 3 contracts to the 
competitive product list. This notice addresses procedural steps 
associated with the filing.

DATES:  Comments are due: September 8, 2010.

ADDRESSES:  Submit comments electronically via the Commission's Filing 
Online system at http:[sol][sol]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,

[[Page 54402]]

stephen.sharfman@prc.gov or 202-789-6820.

SUPPLEMENTARY INFORMATION:

Table of Contents

I. Introduction
II. Notice of Filing
III. Ordering Paragraphs

I. Introduction

    On August 30, 2010, the Postal Service filed a notice announcing 
that it has entered into two additional Global Expedited Package 
Services 3 (GEPS 3) contracts.\1\ The Postal Service believes the 
instant contracts are functionally equivalent to previously submitted 
GEPS contracts, and are supported by Governors' Decision No. 08-7, 
attached to the Notice and originally filed in Docket No. CP2008-4. Id. 
at 1, Attachment 3. The Notice 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 2. In Order No. 
290, the Commission approved the GEPS 2 product.\2\ In Order No. 503, 
the Commission approved the GEPS 3 product. Additionally, the Postal 
Service requested to have the contract in Docket No. CP2010-71 serve as 
the baseline contract for future functional equivalence analyses of the 
GEPS 3 product.
---------------------------------------------------------------------------

    \1\ Notice of United States Postal Service of Filing Two 
Functionally Equivalent Global Expedited Package Services 3 
Negotiated Service Agreements and Application For Non-Public 
Treatment of Materials Filed Under Seal, August 30, 2010 (Notice).
    \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).
---------------------------------------------------------------------------

    The instant contracts. The Postal Service filed the instant 
contracts pursuant to 39 CFR 3015.5. In addition, the Postal Service 
contends that each contract is in accordance with Order No. 86. The 
term of each contract is one year from the date the Postal Service 
notifies the customer that all necessary regulatory approvals have been 
received. Notice at 3.
    In support of its Notice, the Postal Service filed four attachments 
as follows:
     Attachments 1A and 1B--redacted copies of the two 
contracts and applicable annexes;
    Attachments 2A and 2B--certified statements required by 39 
CFR 3015.5(c)(2) for each contract;
     Attachment 3--a redacted copy of Governors' Decision No. 
08-7, which establishes prices and classifications for GEPS contracts, 
a description of applicable GEPS contracts, formulas for prices, an 
analysis of the formulas, and certification of the Governors' vote; and
     Attachment 4--an application for non-public treatment of 
materials to maintain redacted portions of the contracts and supporting 
documents under seal.
    The Notice advances reasons why the instant GEPS 3 contracts fit 
within the Mail Classification Schedule language for GEPS. The Postal 
Service identifies customer-specific information and general contract 
terms that distinguish the instant contracts from the baseline GEPS 3 
agreement. Id. at 4-5. It states that the differences, which include 
price variations based on updated costing information and volume 
commitments, do not alter the contracts' functional equivalency. Id. at 
4. The Postal Service asserts that ``[b]ecause the agreements 
incorporate the same cost attributes and methodology, the relevant 
characteristics of these two GEPS contracts are similar, if not the 
same, as the relevant characteristics of previously filed contracts.'' 
Id.
    The Postal Service concludes that its filings demonstrate that each 
of the new GEPS 3 contracts complies with the requirements of 39 U.S.C. 
3633 and is functionally equivalent to the baseline GEPS 3 contract. 
Therefore, it requests that the instant contracts be included within 
the GEPS 3 product. Id. at 5.

II. Notice of Filing

    The Commission establishes Docket Nos. CP2010-102 and CP2010-103 
for consideration of matters related to the contracts identified in the 
Postal Service's Notice.
    These dockets are addressed on a consolidated basis for purposes of 
this order. Filings with respect to a particular contract should be 
filed in that docket.
    Interested persons may submit comments on whether the Postal 
Service's contracts are consistent with the policies of 39 U.S.C. 3632, 
3633, or 3642. Comments are due no later than September 8, 2010. The 
public portions of these filings can be accessed via the Commission's 
Web site (http:[sol][sol]www.prc.gov.)
    The Commission appoints Paul L. Harrington to serve as Public 
Representative in the captioned proceedings.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket Nos. CP2010-102 and CP2010-103 
for consideration of matters raised by the Postal Service's Notice.
    2. Comments by interested persons in these proceedings are due no 
later than September 8, 2010.
    3. Pursuant to 39 U.S.C. 505, Paul L. Harrington is appointed to 
serve as the officer of the Commission (Public Representative) to 
represent the interests of the general public in these proceedings.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2010-22155 Filed 9-3-10; 8:45 am]
BILLING CODE 7710-FW-S

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