Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates, 65755-65756 [2011-27411]

Download as PDF Federal Register / Vol. 76, No. 205 / Monday, October 24, 2011 / Notices On the basis of the EA, the NRC has concluded that there are no significant environmental impacts and the issuance of a license amendment does not warrant the preparation of an Environmental Impact Statement. Accordingly, it has been determined that a Finding of No Significant Impact is appropriate. IV. Further Information tkelley on DSK3SPTVN1PROD with NOTICES Documents related to this action, including the letter requesting the amendment and supporting documentation, are available electronically at the NRC’s Electronic Reading Room at https://www.nrc.gov/ reading-rm/adams.html. The ADAMS accession numbers for the documents related to this notice are: (1) Hematite Decommissioning Project Environmental Report (ML092870403 and ML092870405); (2) Hematite Decommissioning Plan (ML092330123, ML092330125, ML092330127, ML092330129, ML092330131, and ML092330132); (3) Hematite Supplemental Characterization Report—Books 1 and 2 (ML092870496 and ML092870506); (4) Environmental Assessment (ML110870992); and (5) Notice of Opportunity for Hearing (ML091740733). If you do not have access to ADAMS or if there are problems in accessing the documents located in ADAMS, contact the NRC’s Public Document Room (PDR) Reference staff at 800–397–4209, 301– 415–4737, or by e-mail to pdr.resource@nrc.gov. These documents may also be viewed electronically on the public computers located at the NRC’s PDR, O–1 F21, One White Flint North, 11555 Rockville Pike, Rockville, MD 20852. The PDR reproduction contractor will copy documents for a fee. Dated at Rockville, Maryland this 13th day of October, 2011. For the Nuclear Regulatory Commission. Keith I. McConnell, Deputy Director, Decommissioning and Uranium Recovery Licensing Directorate, Division of Waste Management and Environmental Protection, Office of Federal and State Materials and Environmental Management Programs. [FR Doc. 2011–27402 Filed 10–21–11; 8:45 am] BILLING CODE 7590–01–P VerDate Mar<15>2010 15:34 Oct 21, 2011 Jkt 226001 PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates Pension Benefit Guaranty Corporation. ACTION: Notice of Intent to Request Extension of OMB approval of Information Collection. AGENCY: The Pension Benefit Guaranty Corporation (‘‘PBGC’’) intends to request that the Office of Management and Budget (‘‘OMB’’) extend approval, under the Paperwork Reduction Act, of a collection of information that is not contained in a regulation (OMB control number 1212–0030; expires March 31, 2012). This voluntary collection of information is a quarterly survey of insurance company rates for pricing annuity contracts. The American Council of Life Insurers conducts this survey for PBGC. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. SUMMARY: Comments should be submitted by December 23, 2011. ADDRESSES: Comments may be submitted by any of the following methods: Federal eRulemaking Portal: https:// www.regulations.gov. Follow the Web site instructions for submitting comments. E-mail: paperwork.comments@pbgc.gov. Fax: 202–326–4224. Mail or Hand Delivery: Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026. PBGC will make all comments available on its Web site at https://www.pbgc.gov. Copies of the collection of information may be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC at the above address, visiting the Disclosure Division, faxing a request to 202–326–4042, 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: Thomas H. Gabriel, Attorney, or Catherine B. Klion, Manager, Regulatory and Policy Division, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005–4026, 202– DATES: PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 65755 326–4024. (For TTY/TDD users, call the Federal relay service toll-free at 1–800– 877–8339 and ask to be connected to 202–326–4024.) SUPPLEMENTARY INFORMATION: PBGC’s regulations prescribe actuarial valuation methods and assumptions (including interest rate assumptions) to be used in determining the actuarial present value of benefits under single-employer plans that terminate (29 CFR part 4044) and under multiemployer plans that undergo a mass withdrawal of contributing employers (29 CFR part 4281). Each month PBGC publishes the interest rates to be used under those regulations for plans terminating or undergoing mass withdrawal during the next month. The interest rates are intended to reflect current conditions in the annuity markets. To determine these interest rates, PBGC gathers pricing data from insurance companies that are providing annuity contracts to terminating pension plans through a quarterly ‘‘Survey of Nonparticipating Single Premium Group Annuity Rates.’’ The American Council of Life Insurers distributes the survey and provides PBGC with ‘‘blind’’ data (i.e., PBGC is unable to match responses with the companies that submitted them). PBGC also uses the information from the survey in determining the interest rates it uses to value benefits payable to participants and beneficiaries in PBGCtrusteed plans for purposes of PBGC’s financial statements. The survey is directed at insurance companies that have volunteered to participate, most or all of which are members of the American Council of Life Insurers. The survey is conducted quarterly and will be sent to approximately 22 insurance companies. Based on experience under the current approval, PBGC estimates that 6 insurance companies will complete and return the survey. PBGC further estimates that the average annual burden of this collection of information is 12 hours and $360. OMB has approved this collection of information under control number 1212–0030 through March 31, 2012. PBGC intends to request that OMB extend its approval for another three years. 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 is soliciting public comments to— • Evaluate whether the collection of information is necessary for the proper performance of the functions of the E:\FR\FM\24OCN1.SGM 24OCN1 65756 Federal Register / Vol. 76, No. 205 / Monday, October 24, 2011 / Notices agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the 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. Issued in Washington, DC, this 18th day of October, 2011. John H. Hanley, Director, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation. [FR Doc. 2011–27411 Filed 10–21–11; 8:45 am] BILLING CODE 7700–01–P POSTAL SERVICE Privacy Act of 1974; System of Records Postal Service.TM ACTION: Notice of modification to existing systems of records. AGENCY: The United States Postal Service® is proposing to modify seventeen of its General Privacy Act Systems of Records. These modifications reflect the title and address changes resulting from an organizational re-design of the Postal Service. DATES: The revision will become effective without further notice on October 24, 2011 unless comments received on or before that date result in a contrary determination. ADDRESSES: Comments may be mailed or delivered to the Records Office, United States Postal Service, 475 L’Enfant Plaza, SW., Room 4541, Washington, DC 20260–2201. Copies of all written comments will be available at this address for public inspection and photocopying between 8 a.m. and 4 p.m., Monday through Friday. FOR FURTHER INFORMATION CONTACT: Jane Eyre, Manager, Records Office, 202– 268–2608. SUPPLEMENTARY INFORMATION: This notice is in accordance with the Privacy Act requirement that agencies publish their amended systems of records in the Federal Register when there is a tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 15:34 Oct 21, 2011 Jkt 226001 revision, change, or addition. The Postal ServiceTM has reviewed its systems of records and has determined that these seventeen General Privacy Act Systems of Records should be revised to modify the system manager(s) and address and notification procedure. USPS 200.000 I. Background In 2011, the Postal Service under went a significant management and organizational re-design. Many executive titles were updated to reflect the new responsibilities of the leadership teams. These changes are proposed for the reasons discussed below. Controlled Correspondence, FOIA, and Privacy Act Disclosure Records II. Rationale for Changes to USPS Privacy Act Systems of Records On January 14, 2011, Patrick Donahoe was sworn in as the 73rd Postmaster General of the United States. Under his leadership, some officer titles were changed to meet the new structure of the revised organization. III. Description of Changes to Systems of Records The Postal Service is modifying seventeen systems of records: USPS 200.000, Labor Relations Records; USPS 500.200, Controlled Correspondence, FOIA, and Privacy Act Disclosure Records; USPS 600.000, Legal Records Related to Mail; USPS 600.100, General Legal Records; USPS 600.200, Privacy Act and FOIA Appeal and Litigation Records; USPS 600.300, Public and Confidential Financial Disclosure Reports; USPS 600.400, Administrative Litigation Records; USPS 810.100, https://www.usps.com Registration; USPS 810.300, Offline Registration, Payment, and Fulfillment; USPS 820.100, Mailer Services—Applications and Approvals; USPS 820.200, Mail Management and Tracking Activity; USPS 870.100, Trust Funds and Transaction Records; USPS 870.200, Postage Meter and PC Postage Customer Data and Transaction Records; USPS 880.000, Post Office and Retail Services; USPS 890.000, Sales, Marketing, Events, and Publications; USPS 900.000, International Services; and USPS 910.000, Identity and Document Verification Services. Pursuant to 5 U.S.C. 552a(e)(11), interested persons are invited to submit written data, views, or arguments on this proposal. A report of the proposed modification has been sent to Congress and to the Office of Management and Budget for their evaluation. The Postal Service does not expect this amended notice to have any adverse effect on individual privacy rights. The Postal Service proposes amending the systems as shown below: PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 SYSTEM NAME: Labor Relations Records. USPS 500.200 SYSTEM NAME: USPS 600.000 SYSTEM NAME: Legal Records Related to Mail USPS 600.100 SYSTEM NAME: General Legal Records USPS 600.200 SYSTEM NAME: Privacy Act and FOIA Appeal and Litigation Records USPS 600.300 SYSTEM NAME: Public and Confidential Financial Disclosure Reports USPS 600.400 SYSTEM NAME: Administrative Litigation Records USPS 810.100 SYSTEM NAME: https://www.usps.com Registration USPS 810.300 SYSTEM NAME: Offline Registration, Payment, and Fulfillment USPS 820.100 SYSTEM NAME: Mailer Services—Applications and Approvals USPS 820.200 SYSTEM NAME: Mail Management and Tracking Activity USPS 870.100 SYSTEM NAME: Trust Funds and Transaction Records USPS 870.200 SYSTEM NAME: Postage Meter and PC Postage Customer Data and Transaction Records USPS 880.000 SYSTEM NAME: Post Office and Retail Services E:\FR\FM\24OCN1.SGM 24OCN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 76, Number 205 (Monday, October 24, 2011)]
[Notices]
[Pages 65755-65756]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-27411]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Survey of Nonparticipating Single Premium Group 
Annuity Rates

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of Intent to Request Extension of OMB approval of 
Information Collection.

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

SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') intends to 
request that the Office of Management and Budget (``OMB'') extend 
approval, under the Paperwork Reduction Act, of a collection of 
information that is not contained in a regulation (OMB control number 
1212-0030; expires March 31, 2012). This voluntary collection of 
information is a quarterly survey of insurance company rates for 
pricing annuity contracts. The American Council of Life Insurers 
conducts this survey for PBGC. This notice informs the public of PBGC's 
intent and solicits public comment on the collection of information.

DATES: Comments should be submitted by December 23, 2011.

ADDRESSES: Comments may be submitted by any of the following methods:
    Federal eRulemaking Portal: https://www.regulations.gov. Follow the 
Web site instructions for submitting comments.
    E-mail: paperwork.comments@pbgc.gov.
    Fax: 202-326-4224.
    Mail or Hand Delivery: Legislative and Regulatory Department, 
Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington, 
DC 20005-4026. PBGC will make all comments available on its Web site at 
https://www.pbgc.gov.
    Copies of the collection of information may be obtained without 
charge by writing to the Disclosure Division of the Office of the 
General Counsel of PBGC at the above address, visiting the Disclosure 
Division, faxing a request to 202-326-4042, 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: Thomas H. Gabriel, Attorney, or 
Catherine B. Klion, Manager, Regulatory and Policy Division, 
Legislative and Regulatory Department, Pension Benefit Guaranty 
Corporation, 1200 K Street, NW., Washington, DC 20005-4026, 202-326-
4024. (For TTY/TDD users, call the Federal relay service toll-free at 
1-800-877-8339 and ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: PBGC's regulations prescribe actuarial 
valuation methods and assumptions (including interest rate assumptions) 
to be used in determining the actuarial present value of benefits under 
single-employer plans that terminate (29 CFR part 4044) and under 
multiemployer plans that undergo a mass withdrawal of contributing 
employers (29 CFR part 4281). Each month PBGC publishes the interest 
rates to be used under those regulations for plans terminating or 
undergoing mass withdrawal during the next month.
    The interest rates are intended to reflect current conditions in 
the annuity markets. To determine these interest rates, PBGC gathers 
pricing data from insurance companies that are providing annuity 
contracts to terminating pension plans through a quarterly ``Survey of 
Nonparticipating Single Premium Group Annuity Rates.'' The American 
Council of Life Insurers distributes the survey and provides PBGC with 
``blind'' data (i.e., PBGC is unable to match responses with the 
companies that submitted them). PBGC also uses the information from the 
survey in determining the interest rates it uses to value benefits 
payable to participants and beneficiaries in PBGC-trusteed plans for 
purposes of PBGC's financial statements.
    The survey is directed at insurance companies that have volunteered 
to participate, most or all of which are members of the American 
Council of Life Insurers. The survey is conducted quarterly and will be 
sent to approximately 22 insurance companies. Based on experience under 
the current approval, PBGC estimates that 6 insurance companies will 
complete and return the survey. PBGC further estimates that the average 
annual burden of this collection of information is 12 hours and $360.
    OMB has approved this collection of information under control 
number 1212-0030 through March 31, 2012. PBGC intends to request that 
OMB extend its approval for another three years. 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 is soliciting public comments to--
     Evaluate whether the collection of information is 
necessary for the proper performance of the functions of the

[[Page 65756]]

agency, including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the 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.

    Issued in Washington, DC, this 18th day of October, 2011.
John H. Hanley,
Director, Legislative and Regulatory Department, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2011-27411 Filed 10-21-11; 8:45 am]
BILLING CODE 7700-01-P

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