Social Security Rulings, SSR 91-1c and SSR 66-18c; Rescission of Social Security Rulings (SSR) 66-18c and SSR 91-1c, 68243 [2011-28533]

Download as PDF Federal Register / Vol. 76, No. 213 / Thursday, November 3, 2011 / Notices IV. Conclusion On the basis of the foregoing, the Commission finds that the proposal is consistent with the requirements of the Act and in particular with the requirements of Section 17A of the Act 8 and the rules and regulations thereunder. It is therefore ordered, pursuant to Section 19(b)(2) of the Act,9 that the proposed rule change (File No. SR– CME–2011–07) be, and hereby is, approved.10 For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.11 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2011–28462 Filed 11–2–11; 8:45 am] BILLING CODE 8011–01–P SOCIAL SECURITY ADMINISTRATION [Docket No. SSA–2011–0068] Social Security Rulings, SSR 91–1c and SSR 66–18c; Rescission of Social Security Rulings (SSR) 66–18c and SSR 91–1c Social Security Administration. ACTION: Notice of rescission of Social Security Rulings. AGENCY: In accordance with 20 CFR 402.35(b)(1), the Commissioner of Social Security gives notice of the rescission of Social Security Rulings (SSR) 66–18c and SSR 91–1c. DATES: Effective Date: This rescission will be effective on November 3, 2011. FOR FURTHER INFORMATION CONTACT: Joann S. Anderson, Office of Income Security Programs, Social Security Administration, 6401 Security Boulevard, Baltimore, MD 21235–6401, srobinson on DSK4SPTVN1PROD with NOTICES SUMMARY: formerly traded exclusively in the over-the-counter market be cleared. See, e.g., Report of the Senate Committee on Banking, Housing, and Urban Affairs regarding The Restoring American Financial Stability Act of 2010, S. Rep. No. 111–176 at 34 (stating that ‘‘[s]ome parts of the OTC market may not be suitable for clearing and exchange trading due to individual business needs of certain users. Those users should retain the ability to engage in customized, uncleared contracts while bringing in as much of the OTC market under the centrally cleared and exchange-traded framework as possible.’’). The Commission believes that expanding CME’s ability to clear CDS contracts referencing broad-based securities indices will facilitate bringing additional security-based swaps into clearing, particularly with respect to the individual components of these indices. 8 15 U.S.C. 78q–1. 9 15 U.S.C. 78s(b)(2). 10 In approving the proposed rule change, the Commission considered the proposal’s impact on efficiency, competition and capital formation. 15 U.S.C. 78c(f). 11 17 CFR 200.30–3(a)(12). VerDate Mar<15>2010 16:50 Nov 02, 2011 Jkt 226001 (410) 965–6716 or TTY (410) 966–5609, for information about this notice. For information on eligibility or filing for benefits, call our national toll-free number, 1-(800) 772–1213 or TTY 1– (800) 325–0778, or visit our Internet site, Social Security Online, at https:// www.socialsecurity.gov. SSRs make available to the public precedential decisions related to the Federal old age, disability, Supplemental Security Income, special veterans’ benefits, and black lung benefits programs. SSRs may be based on determinations or decisions made at all levels of administrative adjudication, Federal court decisions, Commissioner’s decisions, opinions of the Office of the General Counsel, and other interpretations of the law and regulations. We have historically presumed that corporate officers and self-employed individuals could report less than their actual earnings to avoid deductions from retirement benefits under the annual earnings test. Accordingly, we developed detailed procedures to question earnings reported by corporate officers and self-employed individuals during periods of alleged retirement. These procedures sometimes entailed extensive interviews regarding the nature and extent of the individual’s business activities and the distribution of income within the company or corporation. In 1966, we issued SSR 66–18c to reflect the district court’s decision in Hellberg v. Celebrezze, 245 F.Supp. 390 (W.D. Mo. 1965), in which the court held that we have the authority to investigate the validity of a business transfer to determine its sufficiency for purposes of the annual earnings test. The court found that we could declare a transfer invalid for earnings test purposes, even though it is valid for other purposes under State law, if the former legal titleholder retains a beneficial interest in the business and continues to perform substantially similar services for the business after the transfer. On February 5, 1991, we issued SSR 91–1c to reflect the decision of the United States Court of Appeals for the Eleventh Circuit in Martin v. Sullivan, 894 F.2d 1520 (11th Cir. 1990). The court determined that we have the authority to investigate any business arrangements that appear to be for the purpose of qualifying for benefits or avoiding benefit deductions under the annual earnings test. We recently decided to eliminate our current procedures for questioning SUPPLEMENTARY INFORMATION: PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 68243 corporate officers’ and self-employed individuals’ allegations of retirement. We have found that, over the long term, questioning retirement allegations has made no significant difference in Trust Fund outlays. By eliminating our questionable retirement procedures, we will reduce the public burden, save our scarce administrative resources, and increase the efficiency of the retirement determination process. Since we are eliminating our current procedures for questioning corporate officers’ and self-employed individuals’ retirement allegations, the SSRs that relate to those procedures are no longer needed. Therefore, we are rescinding SSR 66–18c and SSR 91–1c as obsolete. (Catalog of Federal Domestic Assistance Program Nos. 96.002, Social SecurityRetirement Insurance, and 96.004 Social Security-Survivors Insurance) Dated: October 27, 2011. Michael J. Astrue, Commissioner of Social Security. [FR Doc. 2011–28533 Filed 11–2–11; 8:45 am] BILLING CODE 4191–02–P DEPARTMENT OF STATE [Public Notice: 7671] Youth Leadership Program: TechGirls Overview Information Bureau of Educational and Cultural Affairs (ECA) Request for Grant Proposals: Youth Leadership Program: TechGirls. Announcement Type: New Cooperative Agreement. Funding Opportunity Number: ECA/ PE/C/PY–12–10. Catalog of Federal Domestic Assistance Number: 19.415. Application Deadline: December 15, 2011. Executive Summary The Office of Citizen Exchanges, Youth Programs Division, of the Bureau of Educational and Cultural Affairs (ECA) announces an open competition for the new Youth Leadership Program ‘‘TechGirls.’’ Public and private nonprofit organizations meeting the provisions described in Internal Revenue Code section 26 U.S.C. 501(c)(3) may submit proposals to conduct a three- to five-week exchange program in the United States in Summer 2012 focused on promoting high-level study of technology for high school girls from the Middle East and North Africa. U.S. Embassies in the participating countries and territories will recruit, screen, and select the teenage girls. The E:\FR\FM\03NON1.SGM 03NON1

Agencies

[Federal Register Volume 76, Number 213 (Thursday, November 3, 2011)]
[Notices]
[Page 68243]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-28533]


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SOCIAL SECURITY ADMINISTRATION

[Docket No. SSA-2011-0068]


Social Security Rulings, SSR 91-1c and SSR 66-18c; Rescission of 
Social Security Rulings (SSR) 66-18c and SSR 91-1c

AGENCY: Social Security Administration.

ACTION: Notice of rescission of Social Security Rulings.

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

SUMMARY: In accordance with 20 CFR 402.35(b)(1), the Commissioner of 
Social Security gives notice of the rescission of Social Security 
Rulings (SSR) 66-18c and SSR 91-1c.

DATES: Effective Date: This rescission will be effective on November 3, 
2011.

FOR FURTHER INFORMATION CONTACT: Joann S. Anderson, Office of Income 
Security Programs, Social Security Administration, 6401 Security 
Boulevard, Baltimore, MD 21235-6401, (410) 965-6716 or TTY (410) 966-
5609, for information about this notice. For information on eligibility 
or filing for benefits, call our national toll-free number, 1-(800) 
772-1213 or TTY 1-(800) 325-0778, or visit our Internet site, Social 
Security Online, at https://www.socialsecurity.gov.

SUPPLEMENTARY INFORMATION: SSRs make available to the public 
precedential decisions related to the Federal old age, disability, 
Supplemental Security Income, special veterans' benefits, and black 
lung benefits programs. SSRs may be based on determinations or 
decisions made at all levels of administrative adjudication, Federal 
court decisions, Commissioner's decisions, opinions of the Office of 
the General Counsel, and other interpretations of the law and 
regulations.
    We have historically presumed that corporate officers and self-
employed individuals could report less than their actual earnings to 
avoid deductions from retirement benefits under the annual earnings 
test. Accordingly, we developed detailed procedures to question 
earnings reported by corporate officers and self-employed individuals 
during periods of alleged retirement. These procedures sometimes 
entailed extensive interviews regarding the nature and extent of the 
individual's business activities and the distribution of income within 
the company or corporation.
    In 1966, we issued SSR 66-18c to reflect the district court's 
decision in Hellberg v. Celebrezze, 245 F.Supp. 390 (W.D. Mo. 1965), in 
which the court held that we have the authority to investigate the 
validity of a business transfer to determine its sufficiency for 
purposes of the annual earnings test. The court found that we could 
declare a transfer invalid for earnings test purposes, even though it 
is valid for other purposes under State law, if the former legal 
titleholder retains a beneficial interest in the business and continues 
to perform substantially similar services for the business after the 
transfer.
    On February 5, 1991, we issued SSR 91-1c to reflect the decision of 
the United States Court of Appeals for the Eleventh Circuit in Martin 
v. Sullivan, 894 F.2d 1520 (11th Cir. 1990). The court determined that 
we have the authority to investigate any business arrangements that 
appear to be for the purpose of qualifying for benefits or avoiding 
benefit deductions under the annual earnings test.
    We recently decided to eliminate our current procedures for 
questioning corporate officers' and self-employed individuals' 
allegations of retirement. We have found that, over the long term, 
questioning retirement allegations has made no significant difference 
in Trust Fund outlays. By eliminating our questionable retirement 
procedures, we will reduce the public burden, save our scarce 
administrative resources, and increase the efficiency of the retirement 
determination process.
    Since we are eliminating our current procedures for questioning 
corporate officers' and self-employed individuals' retirement 
allegations, the SSRs that relate to those procedures are no longer 
needed. Therefore, we are rescinding SSR 66-18c and SSR 91-1c as 
obsolete.

(Catalog of Federal Domestic Assistance Program Nos. 96.002, Social 
Security-Retirement Insurance, and 96.004 Social Security-Survivors 
Insurance)

    Dated: October 27, 2011.
Michael J. Astrue,
Commissioner of Social Security.
[FR Doc. 2011-28533 Filed 11-2-11; 8:45 am]
BILLING CODE 4191-02-P
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