Notice of Federal Long Term Care Insurance Program Open Season, 5222-5223 [2011-1852]

Download as PDF 5222 Federal Register / Vol. 76, No. 19 / Friday, January 28, 2011 / Notices of the collection of information is 12 hours and $27,300. WReier-Aviles on DSKGBLS3C1PROD with NOTICES 8. Procedures for PBGC Approval of Plan Amendments (29 CFR Part 4220) (OMB control number 1212–0031) (expires April 30, 2011) Under section 4220 of ERISA, a plan may within certain limits adopt special plan rules regarding when a withdrawal from the plan occurs and how the withdrawing employer’s withdrawal liability is determined. Any such special rule is effective only if, within 90 days after receiving notice and a copy of the rule, PBGC either approves or fails to disapprove the rule. The regulation provides rules for requesting PBGC’s approval of an amendment. PBGC needs the required information to identify the plan, evaluate the risk of loss, if any, posed by the plan amendment, and determine whether to approve or disapprove the amendment. PBGC estimates that at most 1 plan sponsor submits an approval request per year under this regulation. The estimated annual burden of the collection of information is 0.5 hours and $0. 9. Mergers and Transfers Between Multiemployer Plans (29 CFR Part 4231) (OMB control number 1212–0022) (expires April 30, 2011) Section 4231(a) and (b) of ERISA requires plans that are involved in a merger or transfer to give PBGC 120 days’ notice of the transaction and provides that if PBGC determines that specified requirements are satisfied, the transaction will be deemed not to be in violation of ERISA section 406(a) or (b)(2) (dealing with prohibited transactions). This regulation sets forth the procedures for giving notice of a merger or transfer under section 4231 and for requesting a determination that a transaction complies with section 4231. PBGC uses information submitted by plan sponsors under the regulation to determine whether mergers and transfers conform to the requirements of ERISA section 4231 and the regulation. PBGC estimates that there are 20 transactions each year for which plan sponsors submit notices and approval requests under this regulation. The estimated annual burden of the collection of information is 5 hours and $6,700. 10. Notice of Insolvency (29 CFR Part 4245) (OMB control number 1212–0033) (expires April 30, 2011) If the plan sponsor of a plan in reorganization under ERISA section VerDate Mar<15>2010 15:05 Jan 27, 2011 Jkt 223001 4241 determines that the plan may become insolvent, ERISA section 4245(e) requires the plan sponsor to give a ‘‘notice of insolvency’’ to PBGC, contributing employers, and plan participants and their unions in accordance with PBGC rules. For each insolvency year under ERISA section 4245(b)(4), ERISA section 4245(e) also requires the plan sponsor to give a ‘‘notice of insolvency benefit level’’ to the same parties. This regulation establishes the procedure for giving these notices. PBGC uses the information submitted to estimate cash needs for financial assistance to troubled plans. Employers and unions use the information to decide whether additional plan contributions will be made to avoid the insolvency and consequent benefit suspensions. Plan participants and beneficiaries use the information in personal financial decisions. PBGC estimates that at most 1 plan sponsor of an ongoing plan gives notices each year under this regulation. The estimated annual burden of the collection of information is 1 hour and $2,734. 11. Duties of Plan Sponsor Following Mass Withdrawal (29 CFR Part 4281) (OMB control number 1212–0032) (expires April 30, 2011) Section 4281 of ERISA provides rules for plans that have terminated by mass withdrawal. Under section 4281, if nonforfeitable benefits exceed plan assets, the plan sponsor must amend the plan to reduce benefits. If the plan nevertheless becomes insolvent, the plan sponsor must suspend certain benefits that cannot be paid. If available resources are inadequate to pay guaranteed benefits, the plan sponsor must request financial assistance from PBGC. The regulation requires a plan sponsor to give notices of benefit reduction, notices of insolvency and annual updates, and notices of insolvency benefit level to PBGC and to participants and beneficiaries and, if necessary, to apply to PBGC for financial assistance. PBGC uses the information it receives to make determinations required by ERISA, to identify and estimate the cash needed for financial assistance to terminated plans, and to verify the appropriateness of financial assistance payments. Plan participants and beneficiaries use the information to make personal financial decisions. PBGC estimates that plan sponsors of terminated plans each year give benefit reduction notices for 3 plans and give notices of insolvency benefit level and PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 annual updates, and submit requests for financial assistance, for 54 plans. Of those 54 plans, PBGC estimates that plan sponsors each year will submit 255 requests (ranging from monthly to annual) for financial assistance. PBGC estimates that plan sponsors each year give notices of insolvency for 7 plans. The estimated annual burden of the collection of information is 1 hour and $681,500. Issued in Washington, DC, this 24th day of January, 2011. John H. Hanley, Director, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation. [FR Doc. 2011–1822 Filed 1–27–11; 8:45 am] BILLING CODE 7709–01–P OFFICE OF PERSONNEL MANAGEMENT Notice of Federal Long Term Care Insurance Program Open Season Office of Personnel Management. ACTION: Notice of Federal Long Term Care Insurance Open Season. AGENCY: The Office of Personnel Management (OPM) is announcing an Open Season for the Federal Long Term Care Insurance Program (FLTCIP). All eligible individuals who are not currently enrolled in FLTCIP may apply for coverage, including employees, annuitants, and other members of the Federal family. Active workforce members, their spouses, and same-sex domestic partners of civilian active workforce members will be subject to abbreviated underwriting. The addition of same-sex domestic partners of civilian active workforce members as a new type of qualified relative eligible to apply for FLTCIP coverage is pursuant to the President’s Memorandum of June 17, 2009 on Federal Benefits and NonDiscrimination which requested that OPM, in consultation with the Department of Justice, extend certain benefits that can be provided to samesex domestic partners of Federal employees consistent with Federal law. All other qualified relatives will be subject to the Program’s standard requirements for full underwriting of applications. SUMMARY: The Open Season will run from April 4 through May 27, 2011. FOR FURTHER INFORMATION CONTACT: For further information, please call 1–800– LTC–FEDS (1–800–582–3337) (TTY: 1– 800–843–3557) or visit https:// www.ltcfeds.com. DATES: E:\FR\FM\28JAN1.SGM 28JAN1 Federal Register / Vol. 76, No. 19 / Friday, January 28, 2011 / Notices For purposes of this Federal Register notice, the contact at OPM is John Cutler, at john.cutler@opm.gov or (202) 606–0004. The LongTerm Care Security Act (Pub. L. 106– 265) permits OPM to provide for periodic opportunities for eligible individuals to apply for coverage in the FLTCIP. OPM has issued regulations (5 CFR Part 875, sections 402–404) which set forth procedures for FLTCIP open seasons. This notice is issued under section 875.402(b). Under that provision, OPM will specify beginning and ending dates, as well as the requirements for applicants during this period, in Federal Register Notices. OPM may provide for abbreviated underwriting requirements for specified eligible groups when OPM determines it is in the best interest of the FLTCIP. Eligible Individuals: Active civilian workforce members and their spouses or same-sex domestic partners who are not currently enrolled in FLTCIP are eligible to apply during this Open Season with abbreviated underwriting. Active civilian workforce members include Federal civilian or U.S. Postal Service employees whose current position conveys eligibility for Federal Employees Health Benefits coverage, subject to the exceptions contained in section 875.201. Members of the uniformed services—those who are on active duty or full-time National Guard duty for more than a 30-day period or are active members of the selected reserve—and their spouses who are not currently enrolled in FLTCIP are eligible to apply during this Open Season with abbreviated underwriting. Non-enrolled annuitants as described in sections 875.202 and 875.203, retired members of the uniformed services as described in section 875.205, and qualified relatives other than spouses of active workforce members and same-sex domestic partners of active civilian workforce members can apply for coverage with a full underwriting application. Underwriting requirements: Eligible applicants who are active workforce members, their spouses and same-sex domestic partners of active civilian workforce members, who are not currently enrolled in FLTCIP, are able to apply during the Open Season subject to the abbreviated underwriting standards in effect for the FLTCIP as of April 4, 2011. Eligible applicants other than active workforce members, their spouses, and same-sex domestic partners of active civilian workforce members, are subject to the full WReier-Aviles on DSKGBLS3C1PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Mar<15>2010 15:05 Jan 27, 2011 Jkt 223001 underwriting standards in effect for the FLTCIP as of April 4, 2011. Billing age: Premiums are based on the enrollee’s age upon receipt of his or her application by the program administrator, Long Term Care Partners, and the options selected. Effective date: The effective date of coverage will be the first day of the month after an application is approved. However, in accordance with § 875.404(b)(2), workforce members who apply for coverage under abbreviated underwriting must be actively at work in order for coverage to become effective. Authority: 5 U.S.C. 9008; 5 CFR 875.402. U.S. Office of Personnel Management. John Berry, Director. [FR Doc. 2011–1852 Filed 1–27–11; 8:45 am] BILLING CODE 6325–63–P SECURITIES AND EXCHANGE COMMISSION Submission for OMB Review; Comment Request Upon Written Request, Copies Available From: U.S. Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Rule 15Ba2–6T, OMB Control No. 3235–0659, SEC File No. S7–19–10. Notice is hereby given that pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the existing collection of information provided for in the following rule: Rule 15Ba2–6T—Temporary Registration as a Municipal Advisor; Required Amendments; and Withdrawal from Temporary Registration (17 CFR 240.15Ba2–6T) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) (‘‘Exchange Act’’). The Commission plans to submit this existing collection of information to the Office of Management and Budget (‘‘OMB’’) for extension and approval. Paragraph (a) of Rule 15Ba2–6T requires municipal advisors, as defined in Section 15B(e)(4) of the Exchange Act (15 U.S.C. 78o–4(e)(4)), to electronically file with the Commission on the Commission’s Web site at the following link, Municipal Advisor Registration, the information set forth in Form MA– T (17 CFR 249.1300T) to temporarily register or withdraw from temporary registration. PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 5223 Paragraph (b)(1) of Rule 15Ba2–6T requires municipal advisors to promptly amend their temporary registration whenever information concerning Items 1 (Identifying Information) or 3 (Disciplinary Information) of Form MA– T becomes inaccurate in anyway. Paragraph (b)(2) of Rule 15Ba2–6T requires municipal advisors to promptly amend their temporary registration whenever they wish to withdraw from registration. Paragraph (c) of Rule 15Ba2–6T provides that every initial registration, amendment to registration, or withdrawal from registration filed pursuant to this rule constitutes a ‘‘report’’ within the meaning of applicable provisions of the Exchange Act. Paragraph (d) of Rule 15Ba2–6T provides that every Form MA–T, including every amendment to or withdrawal from registration, is considered filed with the Commission when the electronic form on the Commission’s Web site is completed and the Commission has sent confirmation to the municipal advisor that the form was filed. Paragraph (e) of Rule 15Ba2–6T provides that all temporary registrations of municipal advisors will expire on the earlier of: (1) The date that the registration is approved or disapproved by the Commission pursuant to a final rule adopted by the Commission establishing another manner of registration and prescribing a form for the registration; (2) the date on which the municipal advisor’s temporary registration is rescinded by the Commission; or (3) December 31, 2011. Paragraph (f) of Rule 15Ba2–6T provides that Rule 15Ba2–6T will expire on December 31, 2011. The primary purpose of Rule 15Ba2– 6T is to provide information about municipal advisors to investors and issuers, as well as the Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Commission staff estimates that approximately 1,000 municipal advisors will file Form MA–T. Commission staff estimates that each of the approximately 1,000 municipal advisors will spend an average of 2.5 hours preparing each Form MA–T. Therefore, the estimated total reporting burden associated with completing Form MA–T is 2,500 hours. Additionally, Commission staff estimates that approximately 1,000 municipal advisors will amend their Form MA–T once during the period of September 1, 2010 through December 31, 2011 and that it will take approximately 30 minutes to amend their form, which means the total E:\FR\FM\28JAN1.SGM 28JAN1

Agencies

Office of Personnel Management

[Federal Register Volume 76, Number 19 (Friday, January 28, 2011)]
[Notices]
[Pages 5222-5223]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-1852]


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

OFFICE OF PERSONNEL MANAGEMENT


Notice of Federal Long Term Care Insurance Program Open Season

AGENCY: Office of Personnel Management.

ACTION: Notice of Federal Long Term Care Insurance Open Season.

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

SUMMARY: The Office of Personnel Management (OPM) is announcing an Open 
Season for the Federal Long Term Care Insurance Program (FLTCIP). All 
eligible individuals who are not currently enrolled in FLTCIP may apply 
for coverage, including employees, annuitants, and other members of the 
Federal family. Active workforce members, their spouses, and same-sex 
domestic partners of civilian active workforce members will be subject 
to abbreviated underwriting. The addition of same-sex domestic partners 
of civilian active workforce members as a new type of qualified 
relative eligible to apply for FLTCIP coverage is pursuant to the 
President's Memorandum of June 17, 2009 on Federal Benefits and Non-
Discrimination which requested that OPM, in consultation with the 
Department of Justice, extend certain benefits that can be provided to 
same-sex domestic partners of Federal employees consistent with Federal 
law. All other qualified relatives will be subject to the Program's 
standard requirements for full underwriting of applications.

DATES: The Open Season will run from April 4 through May 27, 2011.

FOR FURTHER INFORMATION CONTACT: For further information, please call 
1-800-LTC-FEDS (1-800-582-3337) (TTY: 1-800-843-3557) or visit https://www.ltcfeds.com.

[[Page 5223]]

    For purposes of this Federal Register notice, the contact at OPM is 
John Cutler, at john.cutler@opm.gov or (202) 606-0004.

SUPPLEMENTARY INFORMATION: The Long-Term Care Security Act (Pub. L. 
106-265) permits OPM to provide for periodic opportunities for eligible 
individuals to apply for coverage in the FLTCIP. OPM has issued 
regulations (5 CFR Part 875, sections 402-404) which set forth 
procedures for FLTCIP open seasons. This notice is issued under section 
875.402(b). Under that provision, OPM will specify beginning and ending 
dates, as well as the requirements for applicants during this period, 
in Federal Register Notices. OPM may provide for abbreviated 
underwriting requirements for specified eligible groups when OPM 
determines it is in the best interest of the FLTCIP.
    Eligible Individuals: Active civilian workforce members and their 
spouses or same-sex domestic partners who are not currently enrolled in 
FLTCIP are eligible to apply during this Open Season with abbreviated 
underwriting. Active civilian workforce members include Federal 
civilian or U.S. Postal Service employees whose current position 
conveys eligibility for Federal Employees Health Benefits coverage, 
subject to the exceptions contained in section 875.201. Members of the 
uniformed services--those who are on active duty or full-time National 
Guard duty for more than a 30-day period or are active members of the 
selected reserve--and their spouses who are not currently enrolled in 
FLTCIP are eligible to apply during this Open Season with abbreviated 
underwriting. Non-enrolled annuitants as described in sections 875.202 
and 875.203, retired members of the uniformed services as described in 
section 875.205, and qualified relatives other than spouses of active 
workforce members and same-sex domestic partners of active civilian 
workforce members can apply for coverage with a full underwriting 
application.
    Underwriting requirements: Eligible applicants who are active 
workforce members, their spouses and same-sex domestic partners of 
active civilian workforce members, who are not currently enrolled in 
FLTCIP, are able to apply during the Open Season subject to the 
abbreviated underwriting standards in effect for the FLTCIP as of April 
4, 2011. Eligible applicants other than active workforce members, their 
spouses, and same-sex domestic partners of active civilian workforce 
members, are subject to the full underwriting standards in effect for 
the FLTCIP as of April 4, 2011.
    Billing age: Premiums are based on the enrollee's age upon receipt 
of his or her application by the program administrator, Long Term Care 
Partners, and the options selected.
    Effective date: The effective date of coverage will be the first 
day of the month after an application is approved. However, in 
accordance with Sec.  875.404(b)(2), workforce members who apply for 
coverage under abbreviated underwriting must be actively at work in 
order for coverage to become effective.

    Authority: 5 U.S.C. 9008; 5 CFR 875.402.

U.S. Office of Personnel Management.
John Berry,
Director.
[FR Doc. 2011-1852 Filed 1-27-11; 8:45 am]
BILLING CODE 6325-63-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.