Submission of Information Collections for OMB Review; Comment Request; Payment of Premiums; Termination Premium, 54400-54401 [2010-22222]

Download as PDF wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1 54400 Federal Register / Vol. 75, No. 172 / Tuesday, September 7, 2010 / Notices certificate before a hearing request/ petition to intervene is filed so that they can obtain access to the document via the E-Filing system. A person filing electronically using the agency’s adjudicatory E-Filing system may seek assistance by contacting the NRC Meta System Help Desk through the ‘‘Contact Us’’ link located on the NRC Web site at https://www.nrc.gov/site-help/ e-submittals.html, by e-mail at MSHD.Resource@nrc.gov, or by a tollfree call at (866) 672–7640. The NRC Meta System Help Desk is available between 8 a.m. and 8 p.m., Eastern Time, Monday through Friday, excluding government holidays. Participants who believe that they have a good cause for not submitting documents electronically must file an exemption request, in accordance with 10 CFR 2.302(g), with their initial paper filing requesting authorization to continue to submit documents in paper format. Such filings must be submitted by: (1) First-class mail addressed to the Office of the Secretary of the Commission, U.S. Nuclear Regulatory Commission, Washington, DC 20555– 0001, Attention: Rulemaking and Adjudications Staff; or (2) courier, express mail, or expedited delivery service to the Office of the Secretary, Sixteenth Floor, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852, Attention: Rulemaking and Adjudications Staff. Participants filing a document in this manner are responsible for serving the document on all other participants. Filing is considered complete by first-class mail as of the time of deposit in the mail, or by courier, express mail, or expedited delivery service upon depositing the document with the provider of the service. A presiding officer, having granted an exemption request from using E-Filing, may require a participant or party to use E-Filing if the presiding officer subsequently determines that the reason for granting the exemption from use of E-Filing no longer exists. Documents submitted in adjudicatory proceedings will appear in NRC’s electronic hearing docket which is available to the public at https:// ehd.nrc.gov/EHD_Proceeding/home.asp, unless excluded pursuant to an order of the Commission, or the presiding officer. Participants are requested not to include personal privacy information, such as Social Security numbers, home addresses, or home phone numbers in their filings, unless an NRC regulation or other law requires submission of such information. With respect to copyrighted works, except for limited excerpts that serve the purpose of the VerDate Mar<15>2010 15:24 Sep 03, 2010 Jkt 220001 adjudicatory filings and would constitute a Fair Use application, participants are requested not to include copyrighted materials in their submission. Southern Nuclear Operating Company, Inc., Docket No. 50–425, Vogtle Electric Generating Plant, Unit 2, Burke County, Georgia Date of amendment request: August 18, 2010. Description of amendment request: The amendment revises Technical Specifications (TS) 3.7.14, ‘‘Engineered Safety Features (ESF) Room Cooler and Safety-Related Chiller System’’ such that, with one safety-related chiller train inoperable, the allowed completion time for Condition A is extended from 72 hours to 14 days, on a one-time-only basis. The 14 day allowable outage time will allow time to repair the Unit 2 A-train ESF chiller. Date of issuance: August 19, 2010. Effective date: As of the date of issuance, and shall be implemented within 30 days. Amendment No.: 139. Facility Operating License No. NPF– 81: Amendment revises the technical specifications. Public comments requested as to proposed no significant hazards consideration (NSHC): No. The Commission’s related evaluation of the amendment, finding of emergency circumstances, State consultation, and final NSHC determination are contained in a safety evaluation dated August 19, 2010. Attorney for licensee: Mr. Arthur H. Domby, Troutman Sanders, NationsBank Plaza, Suite 5200, 600 Peachtree Street, NE., Atlanta, Georgia 30308–2216. NRC Branch Chief: Gloria Kulesa. Dated at Rockville, Maryland, this 26th day of August 2010. For the Nuclear Regulatory Commission. Joseph G. Giitter, Director, Division of Operating Reactor Licensing, Office of Nuclear Reactor Regulation. [FR Doc. 2010–21946 Filed 9–3–10; 8:45 am] published in the Federal Register, 37 FR 28,710 (1972), and the Commission’s regulations, see 10 CFR 2.104, 2.300, 2.303, 2.309, 2.311, 2.318, and 2.321, notice is hereby given that an Atomic Safety and Licensing Board (Board) is being established to preside over the following proceeding: Florida Power & Light Company (Turkey Point Units 6 and 7) This proceeding concerns petitions to intervene submitted (1) by the Village of Pinecrest, Florida, (2) by Citizens for Safe Energy, Inc., and (3) jointly by Mark Oncavage, Dan Kipnis, Southern Alliance for Clean Energy, and National Parks Conservation Association. These petitions were submitted in response to a June 18, 2010 Notice of Hearing and Opportunity to Petition for Leave to Intervene (75 FR 34,777). Petitioners challenge the application filed by Florida Power & Light Company pursuant to Subpart C of 10 CFR Part 52 for a combined license for Turkey Point Units 6 and 7, to be located in Homestead, Florida. The Board is comprised of the following administrative judges: E. Roy Hawkens, Chair, Atomic Safety and Licensing Board Panel, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001. Dr. Michael F. Kennedy, Atomic Safety and Licensing Board Panel, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001. Dr. William C. Burnett, Atomic Safety and Licensing Board Panel, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001. All correspondence, documents, and other materials shall be filed in accordance with the NRC E-Filing rule, which the NRC promulgated in August 2007 (72 FR 49,139). Issued at Rockville, Maryland, this 31st day of August 2010. E. Roy Hawkens, Chief Administrative Judge, Atomic Safety and Licensing Board Panel. [FR Doc. 2010–22178 Filed 9–3–10; 8:45 am] BILLING CODE 7590–01–P BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION NUCLEAR REGULATORY COMMISSION [Docket Nos. 52–040–COL and 52–041– COL; ASLBP No. 10–903–02–COL–BD01] Florida Power and Light Company; Establishment of Atomic Safety and Licensing Board Submission of Information Collections for OMB Review; Comment Request; Payment of Premiums; Termination Premium AGENCY: Pursuant to delegation by the Commission dated December 29, 1972, PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval. E:\FR\FM\07SEN1.SGM 07SEN1 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

Agencies

[Federal Register Volume 75, Number 172 (Tuesday, September 7, 2010)]
[Notices]
[Pages 54400-54401]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-22222]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collections for OMB Review; Comment 
Request; Payment of Premiums; Termination Premium

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

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

[[Page 54401]]

SUMMARY: 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 
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 
(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
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