Federal Benefit Payments Under Certain District of Columbia Retirement Plans, 6112-6113 [2011-2464]

Download as PDF jdjones on DSK8KYBLC1PROD with PROPOSALS-1 6112 Federal Register / Vol. 76, No. 23 / Thursday, February 3, 2011 / Proposed Rules printing in the Commission’s Public Reference Room, 100 F Street, NE., Washington, DC 20549, on official business days between the hours of 10 a.m. and 3 p.m. All comments received will be posted without change; we do not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Tamara Brightwell, Senior Special Counsel, Division of Corporation Finance, or Elliot Staffin, Special Counsel in the Office of International Corporate Finance, Division of Corporation Finance, at (202) 551–3290, U.S. Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549. SUPPLEMENTARY INFORMATION: The Commission has requested comment on a release proposing amendments to its rules to implement Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 1504 added Section 13(q) to the Securities Exchange Act of 1934, which requires the Commission to issue rules requiring resource extraction issuers to include in an annual report information relating to any payment made by the issuer, or by a subsidiary or another entity controlled by the issuer, to a foreign government or the Federal Government for the purpose of the commercial development of oil, natural gas, or minerals. Section 13(q) requires a resource extraction issuer to provide information about the type and total amount of payments made for each project related to the commercial development of oil, natural gas, or minerals, and the type and total amount of payments made to each government. In addition, Section 13(q) requires a resource extraction issuer to provide certain information regarding those payments in an interactive data format, as specified by the Commission. This release was published in the Federal Register on December 23, 2010. The Commission originally requested that comments on the release be received by January 31, 2011. The nature of the proposed disclosure requirements differs from the disclosure traditionally required by the Exchange Act, and the proposal requested comment on a variety of significant aspects of the proposed rules. The Commission has received requests for an extension of time for public comment on the proposal to, among other things, allow for the collection of information and to improve the quality of responses.1 The Commission believes 1 See, e.g., letters from National Mining Association (January 3, 2011); National Stone, Sand VerDate Mar<15>2010 14:22 Feb 02, 2011 Jkt 223001 that providing the public additional time to consider thoroughly the matters addressed by the release and to submit comprehensive responses to the release would benefit the Commission in its consideration of final rules. Therefore, the Commission is extending the comment period for Release No. 34– 63549 ‘‘Disclosure of Payments by Resource Extraction Issuers’’ for 30 days, to Wednesday, March 2, 2011. By the Commission. Dated: January 28, 2011. Elizabeth M. Murphy, Secretary. BILLING CODE 8011–01–P DEPARTMENT OF THE TREASURY 31 CFR Part 29 RIN 1505–AC02 Federal Benefit Payments Under Certain District of Columbia Retirement Plans Departmental Offices, Treasury. Proposed rule; extension of comment period. AGENCY: ACTION: On November 22, 2010, the Department of the Treasury published a proposed rule to amend subpart C of its rules promulgated pursuant to the Balanced Budget Act of 1997, as amended (the Act). This notice extends the comment period on the proposed rule to April 21, 2011. Pursuant to the Act, with certain exceptions, Treasury has responsibility for payment of benefits based on service accrued as of June 30, 1997, under the retirement plans for District of Columbia teachers, police officers, and firefighters. Benefits for service after that date, and certain other benefits, are funded by the District of Columbia. Subpart C, published in 2000 as part of the final regulations to implement the provisions of the Act, establishes the methodology for determining the split between the Federal and District obligations. Pursuant to regulation, the effective date of subpart C was delayed pending completion of Treasury’s new automated retirement system, ‘‘System to Administer Retirement’’ (STAR), which replaced the District’s legacy automated retirement system. While the new system has been completed, the proposed amended subpart C will SUMMARY: & Gravel Association (January 13, 2011); and World Gold Council (January 7, 2011). Comments are available on the Commission’s Internet Web site at https://www.sec.gov/comments/s7-42-10/ s74210.shtml. Frm 00028 Fmt 4702 Sfmt 4702 Treasury invites interested members of the public to submit comments on this proposed rule. Comments may be submitted to Treasury by any of the following methods: Submit electronic comments through the Federal government erulemaking portal, https:// www.regulations.gov or by e-mail to dcpensions@do.treas.gov or send paper comments to Paul Cicchetti, Department of the Treasury, Office of DC Pensions, Metropolitan Square Building, Room 6G503, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. In general, the Treasury will post all comments to https://www.regulations.gov without change, including any business or personal information provided such as names, addresses, e-mail addresses, or telephone numbers. Treasury will also make such comments available for public inspection and copying in the Treasury’s Library, Room 1428, Main Department Building, 1500 Pennsylvania Avenue, NW., Washington, DC 20220, on official business days between the hours of 10 a.m. and 5 p.m. Eastern Time. You can make an appointment to inspect comments by telephoning (202) 622– 0990. All comments, including attachments and other supporting materials received, are part of the public record and subject to public disclosure. You should submit only information that you wish to make available publicly. ADDRESSES: [FR Doc. 2011–2359 Filed 2–2–11; 8:45 am] PO 00000 establish additional rules and provide additional examples of benefit calculation scenarios, the need for which was identified during systems development. The amendments to subpart C will have minimal financial impact and are introduced to simplify calculations and maintain consistency with the general principles established in the original regulations. DATES: Comment due date: April 21, 2011. Paul Cicchetti, (202) 622–1859, Department of the Treasury, Office of DC Pensions, Metropolitan Square Building, Room 6G503, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. SUPPLEMENTARY INFORMATION: On November 22, 2010, the Department of the Treasury published a proposed rule to amend subpart C of its rules promulgated pursuant to the Balanced Budget Act of 1997, as amended, related to certain payments of retirement benefits under the retirement plans for District of Columbia teachers, police officers, and firefighters. See 75 FR 71047. FOR FURTHER INFORMATION CONTACT: E:\FR\FM\03FEP1.SGM 03FEP1 Federal Register / Vol. 76, No. 23 / Thursday, February 3, 2011 / Proposed Rules jdjones on DSK8KYBLC1PROD with PROPOSALS-1 The original comment period closed on January 21, 2011. By letter dated January 14, 2011, the District of Columbia Retirement Board and the District of Columbia Government requested an extension of the public comment period for the proposed rule VerDate Mar<15>2010 14:22 Feb 02, 2011 Jkt 223001 for 90 additional days. The DC Fire Fighters Association also requested a 90 day extension. In response to these requests, the Department hereby extends the comment period for an additional 90 days so that comments are due on or before April 21, 2011. PO 00000 Frm 00029 Fmt 4702 Sfmt 9990 Dated: January 24, 2011. Nancy Ostrowski, Director, Office of DC Pensions. [FR Doc. 2011–2464 Filed 2–2–11; 8:45 am] BILLING CODE 4825–10–P E:\FR\FM\03FEP1.SGM 03FEP1 6113

Agencies

[Federal Register Volume 76, Number 23 (Thursday, February 3, 2011)]
[Proposed Rules]
[Pages 6112-6113]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-2464]


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DEPARTMENT OF THE TREASURY

31 CFR Part 29

RIN 1505-AC02


Federal Benefit Payments Under Certain District of Columbia 
Retirement Plans

AGENCY: Departmental Offices, Treasury.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: On November 22, 2010, the Department of the Treasury published 
a proposed rule to amend subpart C of its rules promulgated pursuant to 
the Balanced Budget Act of 1997, as amended (the Act). This notice 
extends the comment period on the proposed rule to April 21, 2011.
    Pursuant to the Act, with certain exceptions, Treasury has 
responsibility for payment of benefits based on service accrued as of 
June 30, 1997, under the retirement plans for District of Columbia 
teachers, police officers, and firefighters. Benefits for service after 
that date, and certain other benefits, are funded by the District of 
Columbia. Subpart C, published in 2000 as part of the final regulations 
to implement the provisions of the Act, establishes the methodology for 
determining the split between the Federal and District obligations. 
Pursuant to regulation, the effective date of subpart C was delayed 
pending completion of Treasury's new automated retirement system, 
``System to Administer Retirement'' (STAR), which replaced the 
District's legacy automated retirement system. While the new system has 
been completed, the proposed amended subpart C will establish 
additional rules and provide additional examples of benefit calculation 
scenarios, the need for which was identified during systems 
development. The amendments to subpart C will have minimal financial 
impact and are introduced to simplify calculations and maintain 
consistency with the general principles established in the original 
regulations.

DATES: Comment due date: April 21, 2011.

ADDRESSES: Treasury invites interested members of the public to submit 
comments on this proposed rule. Comments may be submitted to Treasury 
by any of the following methods: Submit electronic comments through the 
Federal government e-rulemaking portal, https://www.regulations.gov or 
by e-mail to dcpensions@do.treas.gov or send paper comments to Paul 
Cicchetti, Department of the Treasury, Office of DC Pensions, 
Metropolitan Square Building, Room 6G503, 1500 Pennsylvania Avenue, 
NW., Washington, DC 20220.
    In general, the Treasury will post all comments to https://www.regulations.gov without change, including any business or personal 
information provided such as names, addresses, e-mail addresses, or 
telephone numbers. Treasury will also make such comments available for 
public inspection and copying in the Treasury's Library, Room 1428, 
Main Department Building, 1500 Pennsylvania Avenue, NW., Washington, DC 
20220, on official business days between the hours of 10 a.m. and 5 
p.m. Eastern Time. You can make an appointment to inspect comments by 
telephoning (202) 622-0990. All comments, including attachments and 
other supporting materials received, are part of the public record and 
subject to public disclosure. You should submit only information that 
you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Paul Cicchetti, (202) 622-1859, 
Department of the Treasury, Office of DC Pensions, Metropolitan Square 
Building, Room 6G503, 1500 Pennsylvania Avenue, NW., Washington, DC 
20220.

SUPPLEMENTARY INFORMATION: On November 22, 2010, the Department of the 
Treasury published a proposed rule to amend subpart C of its rules 
promulgated pursuant to the Balanced Budget Act of 1997, as amended, 
related to certain payments of retirement benefits under the retirement 
plans for District of Columbia teachers, police officers, and 
firefighters. See 75 FR 71047.

[[Page 6113]]

    The original comment period closed on January 21, 2011. By letter 
dated January 14, 2011, the District of Columbia Retirement Board and 
the District of Columbia Government requested an extension of the 
public comment period for the proposed rule for 90 additional days. The 
DC Fire Fighters Association also requested a 90 day extension. In 
response to these requests, the Department hereby extends the comment 
period for an additional 90 days so that comments are due on or before 
April 21, 2011.

    Dated: January 24, 2011.
Nancy Ostrowski,
Director, Office of DC Pensions.
[FR Doc. 2011-2464 Filed 2-2-11; 8:45 am]
BILLING CODE 4825-10-P
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