Agency Information Collection Activities; Submission for OMB Review; Comment Request; Alternative Method of Compliance for Certain Simplified Employee Pensions, 44961-44962 [2011-18936]

Download as PDF sroberts on DSK5SPTVN1PROD with NOTICES Federal Register / Vol. 76, No. 144 / Wednesday, July 27, 2011 / Notices produce these estimates are voluntarily reported. This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless it is approved by the OMB under the PRA and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information if the collection of information does not display a valid OMB Control Number. See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this information collection under OMB Control Number 1220–0011. The current OMB approval is scheduled to expire on July 31, 2011; however, it should be noted that existing information collection requirements submitted to the OMB receive a month-to-month extension while they undergo review. For additional information, see the related notice published in the Federal Register on March 30, 2011 (76 FR 17710). Interested parties are encouraged to send comments to the OMB, Office of Information and Regulatory Affairs at the address shown in the ADDRESSES section within 30 days of publication of this notice in the Federal Register. In order to help ensure appropriate consideration, comments should reference OMB Control Number 1220– 0011. The OMB is particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Agency: Bureau of Labor Statistics (BLS). Title of Collection: Report on Current Employment Statistics. VerDate Mar<15>2010 17:08 Jul 26, 2011 Jkt 223001 OMB Control Number: 1220–0011. Affected Public: Private Sector— Business or other for-profits and not-forprofit institutions; State, Local, and Tribal Governments; Federal Government. Total Estimated Number of Respondents: 290,600. Total Estimated Number of Responses: 3,487,200. Total Estimated Annual Burden Hours: 582,120. Total Estimated Annual Other Costs Burden: $0. Dated: July 20, 2011. Michel Smyth, Departmental Clearance Officer. [FR Doc. 2011–18899 Filed 7–26–11; 8:45 am] BILLING CODE 4510–24–P DEPARTMENT OF LABOR Office of the Secretary Agency Information Collection Activities; Submission for OMB Review; Comment Request; Alternative Method of Compliance for Certain Simplified Employee Pensions ACTION: Notice. The Department of Labor (DOL) is submitting the Employee Benefits Security Administration (EBSA) sponsored information collection request (ICR) titled, ‘‘Alternative Method of Compliance for Certain Simplified Employee Pensions,’’ to the Office of Management and Budget (OMB) for review and approval for continued use in accordance with the Paperwork Reduction Act (PRA) of 1995 (Pub. L. 104–13, 44 U.S.C. chapter 35). DATES: Submit comments on or before August 26, 2011. ADDRESSES: A copy of this ICR with applicable supporting documentation; including a description of the likely respondents, proposed frequency of response, and estimated total burden may be obtained from the RegInfo.gov Web site, https://www.reginfo.gov/ public/do/PRAMain, on the day following publication of this notice or by contacting Michel Smyth by telephone at 202–693–4129 (this is not a toll-free number) or sending an e-mail to DOL_PRA_PUBLIC@dol.gov. Submit comments about this request to the Office of Information and Regulatory Affairs, Attn: OMB Desk Officer for the Department of Labor, Employee Benefits Security Administration (EBSA), Office of Management and Budget, Room 10235, Washington, DC 20503, Telephone: 202–395–6929/Fax: 202–395–6881 SUMMARY: PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 44961 (these are not toll-free numbers), e-mail: OIRA_submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202–693– 4129 (this is not a toll-free number) or by e-mail at DOL_PRA_PUBLIC@dol.gov. SUPPLEMENTARY INFORMATION: The alternative disclosure arrangement established through regulations 29 CFR 2520.104–49 relieves a sponsor of a nonmodel Simplified Employee Pension (SEP) of most of the reporting and disclosure requirements under Employee Retirement Income Security Act (ERISA) Title I. In addition, the disclosure requirements set forth in the regulation ensure that an administrator of a non-model SEP provides participants with specific written information concerning the SEP. This information collection requirement generally requires timely written disclosure to employees eligible to participate in a non-model SEP, including specific information concerning: Participation requirements; allocation formulas for employer contributions; designated contact persons for further information; and, for employer recommended Individual Retirement Accounts (IRAs), specific terms of the IRAs such as rates of return and any restrictions on withdrawals. Moreover, general information is required that provides a clear explanation of the operation of the nonmodel SEP; participation requirements, and any withdrawal restrictions; and the tax treatment of the SEP-related IRA. Furthermore, statements must be provided that inform participants of: Any other IRAs under the non-model SEP other than that to which employer contributions are made; any options regarding rollovers and contributions to other IRAs; descriptions of U.S. Department of the Treasury, Internal Revenue Service disclosure requirements to participants and information regarding social security integration (if applicable); and timely notification of any amendments to the terms of the non-model SEP. This information collection is subject to the PRA. A Federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless it is approved by the OMB under the PRA and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information if the collection of information does not E:\FR\FM\27JYN1.SGM 27JYN1 sroberts on DSK5SPTVN1PROD with NOTICES 44962 Federal Register / Vol. 76, No. 144 / Wednesday, July 27, 2011 / Notices display a valid OMB control number. See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this information collection under OMB Control Number 1219–0034. The current OMB approval is scheduled to expire on July 31, 2011; however, it should be noted that existing information collection requirements submitted to the OMB receive a month-to-month extension while they undergo review. For additional information, see the related notice published in the Federal Register on April 22, 2011 (76 FR 22728). Interested parties are encouraged to send comments to the OMB, Office of Information and Regulatory Affairs at the address shown in the ADDRESSES section within 30 days of publication of this notice in the Federal Register. In order to help ensure appropriate consideration, comments should reference OMB Control Number 1210– 0034. The OMB is particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. Agency: Employee Benefits Security Administration (EBSA). Title of Collection: Alternative Method of Compliance for Certain Simplified Employee Pensions. OMB Control Number: 1219–0034. Affected Public: Private Sector— Businesses or other for-profits. Total Estimated Number of Respondents: 36,000. Total Estimated Number of Responses: 68,000. Total Estimated Annual Burden Hours: 21,000. Total Estimated Annual Other Costs Burden: $23,000. VerDate Mar<15>2010 17:08 Jul 26, 2011 Jkt 223001 Dated: July 21, 2011. Michel Smyth, Departmental Clearance Officer. [FR Doc. 2011–18936 Filed 7–26–11; 8:45 am] BILLING CODE 4510–29–P LEGAL SERVICES CORPORATION Sunshine Act Meeting The Legal Services Corporation’s Finance Committee will meet August 1, 2011. The meeting will commence at 3 p.m., Eastern Standard Time, and will continue until the conclusion of the Committee’s agenda. LOCATION: Pound Hall, Room 335, Harvard Law School, 1563 Massachusetts Avenue, Cambridge, MA 02138. PUBLIC OBSERVATION: Members of the public who are unable to attend but wish to listen to the public proceeding may do so by following the telephone call-in directions provided below but are asked to keep their telephones muted to eliminate background noises. From time to time the presiding Chair may solicit comments from the public. CALL-IN DIRECTIONS FOR OPEN SESSIONS: • Call toll-free number: 1–866–451– 4981; • When prompted, enter the following numeric pass code: 5907707348; • When connected to the call, please immediately ‘‘MUTE’’ your telephone. STATUS OF MEETING: Open. MATTERS TO BE CONSIDERED: 1. Approval of Agenda. 2. Consider and act on a recommendation to make to the Board regarding Temporary Operating Authority for FY 2012. • David Richardson, Treasurer/ Comptroller. 3. Consider and act on a recommendation to make to the Board regarding LSC’s FY 2013 appropriation request. 4. Public comment. 5. Consider and act on other business. 6. Consider and act on adjournment of meeting. CONTACT PERSON FOR INFORMATION: Katherine Ward, Executive Assistant to the Vice President & General Counsel, at (202) 295–1500. Questions may be sent by electronic mail to FR_NOTICE_QUESTIONS@lsc.gov. ACCESSIBILITY: LSC complies with the American’s with Disabilities Act and Section 504 of the 1973 Rehabilitation Act. Upon request, meeting notices and materials will be made available in alternative formats to accommodate DATE AND TIME: PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 individuals with disabilities. Individuals who need other accommodations due to disability in order to attend the meeting in person or telephonically should contact Katherine Ward, at (202) 295–1500 or FR_NOTICE_QUESTIONS@lsc.gov, at least 2 business days in advance of the meeting. If a request is made without advance notice, LSC will make every effort to accommodate the request but cannot guarantee that all requests can be fulfilled. Dated: July 25, 2011. Victor M. Fortuno, Vice President & General Counsel. [FR Doc. 2011–19165 Filed 7–25–11; 4:15 pm] BILLING CODE 7050–01–P NATIONAL SCIENCE FOUNDATION Agency Information Collection Activities: Proposed Collection; Comment Request National Science Foundation. Submission for OMB review; comment request. AGENCY: ACTION: Under the Paperwork Reduction Act of 1995, Public Law 104– 13 (44 U.S.C. 3501 et seq.), and as part of its continuing effort to reduce paperwork and respondent burden, the National Science Foundation (NSF) is inviting the general public and other Federal agencies to comment on this proposed continuing information collection. The full submission may be found at: https://www.reginfo.gov/public/ do/PRAMain. This is the second notice for public comment; the first was published in the Federal Register at 76 FR 28244 and no comments were received. NSF is forwarding the proposed submission to the Office of Management and Budget (OMB) for clearance simultaneously with the publication of this second notice. DATES: Comments regarding these information collections are best assured of having their full effect if received by OMB within 30 days of publication in the Federal Register. ADDRESSES: Written comments regarding (a) whether the collection of information is necessary for the proper performance of the functions of NSF, including whether the information will have practical utility; (b) the accuracy of NSF’s estimate of burden including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility and clarity of the information to be collected; or (d) ways to minimize the burden of the collection of information on those who are to SUMMARY: E:\FR\FM\27JYN1.SGM 27JYN1

Agencies

[Federal Register Volume 76, Number 144 (Wednesday, July 27, 2011)]
[Notices]
[Pages 44961-44962]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-18936]


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

DEPARTMENT OF LABOR

Office of the Secretary


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Alternative Method of Compliance for Certain 
Simplified Employee Pensions

ACTION: Notice.

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

SUMMARY: The Department of Labor (DOL) is submitting the Employee 
Benefits Security Administration (EBSA) sponsored information 
collection request (ICR) titled, ``Alternative Method of Compliance for 
Certain Simplified Employee Pensions,'' to the Office of Management and 
Budget (OMB) for review and approval for continued use in accordance 
with the Paperwork Reduction Act (PRA) of 1995 (Pub. L. 104-13, 44 
U.S.C. chapter 35).

DATES: Submit comments on or before August 26, 2011.

ADDRESSES: A copy of this ICR with applicable supporting documentation; 
including a description of the likely respondents, proposed frequency 
of response, and estimated total burden may be obtained from the 
RegInfo.gov Web site, https://www.reginfo.gov/public/do/PRAMain, on the 
day following publication of this notice or by contacting Michel Smyth 
by telephone at 202-693-4129 (this is not a toll-free number) or 
sending an e-mail to DOL_PRA_PUBLIC@dol.gov.
    Submit comments about this request to the Office of Information and 
Regulatory Affairs, Attn: OMB Desk Officer for the Department of Labor, 
Employee Benefits Security Administration (EBSA), Office of Management 
and Budget, Room 10235, Washington, DC 20503, Telephone: 202-395-6929/
Fax: 202-395-6881 (these are not toll-free numbers), e-mail: OIRA_submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693-
4129 (this is not a toll-free number) or by e-mail at DOL_PRA_PUBLIC@dol.gov.

SUPPLEMENTARY INFORMATION: The alternative disclosure arrangement 
established through regulations 29 CFR 2520.104-49 relieves a sponsor 
of a non-model Simplified Employee Pension (SEP) of most of the 
reporting and disclosure requirements under Employee Retirement Income 
Security Act (ERISA) Title I. In addition, the disclosure requirements 
set forth in the regulation ensure that an administrator of a non-model 
SEP provides participants with specific written information concerning 
the SEP. This information collection requirement generally requires 
timely written disclosure to employees eligible to participate in a 
non-model SEP, including specific information concerning: Participation 
requirements; allocation formulas for employer contributions; 
designated contact persons for further information; and, for employer 
recommended Individual Retirement Accounts (IRAs), specific terms of 
the IRAs such as rates of return and any restrictions on withdrawals. 
Moreover, general information is required that provides a clear 
explanation of the operation of the non-model SEP; participation 
requirements, and any withdrawal restrictions; and the tax treatment of 
the SEP-related IRA. Furthermore, statements must be provided that 
inform participants of: Any other IRAs under the non-model SEP other 
than that to which employer contributions are made; any options 
regarding rollovers and contributions to other IRAs; descriptions of 
U.S. Department of the Treasury, Internal Revenue Service disclosure 
requirements to participants and information regarding social security 
integration (if applicable); and timely notification of any amendments 
to the terms of the non-model SEP.
    This information collection is subject to the PRA. A Federal agency 
generally cannot conduct or sponsor a collection of information, and 
the public is generally not required to respond to an information 
collection, unless it is approved by the OMB under the PRA and displays 
a currently valid OMB Control Number. In addition, notwithstanding any 
other provisions of law, no person shall generally be subject to 
penalty for failing to comply with a collection of information if the 
collection of information does not

[[Page 44962]]

display a valid OMB control number. See 5 CFR 1320.5(a) and 1320.6. The 
DOL obtains OMB approval for this information collection under OMB 
Control Number 1219-0034. The current OMB approval is scheduled to 
expire on July 31, 2011; however, it should be noted that existing 
information collection requirements submitted to the OMB receive a 
month-to-month extension while they undergo review. For additional 
information, see the related notice published in the Federal Register 
on April 22, 2011 (76 FR 22728).
    Interested parties are encouraged to send comments to the OMB, 
Office of Information and Regulatory Affairs at the address shown in 
the ADDRESSES section within 30 days of publication of this notice in 
the Federal Register. In order to help ensure appropriate 
consideration, comments should reference OMB Control Number 1210-0034. 
The OMB is particularly interested in comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    Agency: Employee Benefits Security Administration (EBSA).
    Title of Collection: Alternative Method of Compliance for Certain 
Simplified Employee Pensions.
    OMB Control Number: 1219-0034.
    Affected Public: Private Sector--Businesses or other for-profits.
    Total Estimated Number of Respondents: 36,000.
    Total Estimated Number of Responses: 68,000.
    Total Estimated Annual Burden Hours: 21,000.
    Total Estimated Annual Other Costs Burden: $23,000.

    Dated: July 21, 2011.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2011-18936 Filed 7-26-11; 8:45 am]
BILLING CODE 4510-29-P

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