Proposed Submission of Information Collection for OMB Review; Comment Request; Qualified Domestic Relations Orders Submitted to PBGC, 33497-33498 [2012-13635]

Download as PDF Federal Register / Vol. 77, No. 109 / Wednesday, June 6, 2012 / Notices assured of consideration. Comments received after that date will be considered to the extent practicable. Written comments regarding the information collection and requests for copies of the proposed information collection request should be addressed to Suzanne Plimpton, Reports Clearance Officer, National Science Foundation, 4201 Wilson Boulevard, Room 295, Arlington, VA 22230, or by e-mail to splimpto@nsf.gov. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Suzanne Plimpton on (703) 292–7556 or send email to splimpto@nsf.gov. Individuals who use a telecommunications device for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1–800–877– 8339, which is accessible 24 hours a day, 7 days a week, 365 days a year (including federal holidays). Title of Collection: DUE Project Data Form. OMB Control No.: 3145–0201. Expiration Date of Approval: August 31, 2012. Abstract: The Division of Undergraduate Education (DUE) Project Data Form is a component of all grant proposals submitted to NSF’s Division of Undergraduate Education. This form collects information needed to direct proposals to appropriate reviewers and to report the estimated collective impact of proposed projects on institutions, students, and faculty members. Requested information includes the discipline of the proposed project, collaborating organizations involved in the project, the academic level on which the project focuses (e.g., lower-level undergraduate courses, upper-level undergraduate courses), characteristics of the organization submitting the proposal, special audiences (if any) that the project would target (e.g., women, minorities, persons with disabilities), strategic foci (if any) of the project (e.g., research on teaching and learning, international activities, integration of research and education), and the number of students and faculty at different educational levels who would benefit from the project. Respondents: Investigators who submit proposals to NSF’s Division of Undergraduate Education. Estimated Number of Annual Respondents: 2,500. Burden on the Public: 20 minutes (per response) for an annual total of 833 hours. mstockstill on DSK4VPTVN1PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Mar<15>2010 17:24 Jun 05, 2012 Jkt 226001 33497 Dated: May 31, 2012. Suzanne H. Plimpton, Reports Clearance Officer, National Science Foundation. Dated: May 30, 2012. Nichole Cadiente, Administrative Counsel, Department of Legal Affairs. [FR Doc. 2012–13613 Filed 6–5–12; 8:45 am] [FR Doc. 2012–13579 Filed 6–5–12; 8:45 am] BILLING CODE 7555–01–P BILLING CODE M OVERSEAS PRIVATE INVESTMENT CORPORATION OVERSEAS PRIVATE INVESTMENT CORPORATION [OMB–3420–0004] Sunshine Act; Public Hearing Cancellation Notice; June 6, 2012 Submission for OMB Review Overseas Private Investment Corporation (OPIC). ACTION: Request for approval. AGENCY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35), agencies are required to publish a Notice in the Federal Register notifying the public that the agency has prepared an information collection for OMB review and approval. DATES: This 60 day notice is to inform the public, that this collection is being submitted to OMB for approval. ADDRESSES: Copies of the subject form may be obtained from the Agency submitting officer. FOR FURTHER INFORMATION CONTACT: OPIC Agency Submitting Officer: Essie Bryant, Record Manager, Overseas Private Investment Corporation, 1100 New York Avenue NW., Washington, DC 20527; (202) 336–8563. SUMMARY: Summary Form Under Review Type of Request: Form Renewal. Title: Project Information Report. Form Number: OPIC–71. Frequency of Use: No more than once per contract. Type of Respondents: Business or other institution (except farms); individuals. Standard Industrial Classification Codes: All. Description of Affected Public: U.S. companies or citizens investing overseas. Reporting Hours: 15 hours per project. Number of Responses: 30 per year. Federal Cost: $3,024.60. Authority for Information Collection: Title 22 U.S.C. 2191(k)(2) and 2199(h) of the Foreign Assistance Act of 1961, as amended. Abstract (Needs and Uses): The Project Information Report is necessary to elicit information on the developmental, environmental, and U.S. economic effects of OPIC assisted projects. The information will be used by OPIC’s staff and management solely as a basis for monitoring these projects and reporting the results in aggregate form, as required by Congress. PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 OPIC’s Sunshine Act notice of its Public Hearing in Conjunction with each Board meeting was published in the Federal Register (77 FR 13158) on March 5, 2012. No requests were received to provide testimony or submit written statements for the record; therefore, OPIC’s public hearing scheduled for 2 p.m., March 21, 2012 in conjunction with OPIC’s March 29, 2012 Board of Directors meeting has been cancelled. CONTACT PERSON FOR INFORMATION: Information on the hearing cancellation may be obtained from Connie M. Downs at (202) 336–8438, or via email at Connie.Downs@opic.gov. Dated: March 19, 2011. Connie M. Downs, OPIC Corporate Secretary. [FR Doc. 2012–13804 Filed 6–4–12; 11:15 am] BILLING CODE 3210–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Qualified Domestic Relations Orders Submitted to PBGC Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request OMB approval of revised collection of information. AGENCY: The Pension Benefit Guaranty Corporation (‘‘PBGC’’) intends to request that the Office of Management and Budget (‘‘OMB’’) approve, under the Paperwork Reduction Act, revisions to an information collection relating to PBGC’s booklet, Qualified Domestic Relations Orders & PBGC (OMB control number 1212–0054; expires August 31, 2012). PBGC is requesting 3-year approval of the revised collection of information. The booklet provides guidance on how to submit a qualified domestic relations order (‘‘QDRO’’) to the PBGC. This notice informs the public of PBGC’s intent and solicits SUMMARY: E:\FR\FM\06JNN1.SGM 06JNN1 mstockstill on DSK4VPTVN1PROD with NOTICES 33498 Federal Register / Vol. 77, No. 109 / Wednesday, June 6, 2012 / Notices public comment on the collection of information, as modified. DATES: Comments should be submitted by August 6, 2012. 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. Email: 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 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 or by visiting that office 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.) The regulations relating to this collection of information are available on PBGC’s Web site at www.pbgc.gov. FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, 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 and TDD, call 800–877– 8339 and ask to be connected to 202– 326–4024.) SUPPLEMENTARY INFORMATION: A defined benefit pension plan that does not have enough money to pay benefits may be terminated if the employer responsible for the plan faces severe financial difficulty, such as bankruptcy, and is unable to maintain the plan. In such an event, PBGC becomes trustee of the plan and pays benefits, subject to legal limits, to plan participants and beneficiaries. The benefits of a pension plan participant generally may not be assigned or alienated. Title I of ERISA provides an exception for domestic relations orders that relate to child support, alimony payments, or marital property rights of an alternate payee (a spouse, former spouse, child, or other dependent of a plan participant). The exception applies only if the domestic relations order meets specific legal requirements that make it a qualified domestic relations order. VerDate Mar<15>2010 17:24 Jun 05, 2012 Jkt 226001 When PBGC is trustee of a plan, it reviews submitted domestic relations orders to determine whether the order is qualified before paying benefits to an alternate payee. The requirements for submitting a domestic relations order and the contents of such orders are established by statute. The models and the guidance provided by PBGC assist parties by making it easier for them to comply with ERISA’s QDRO requirements in plans trusteed by PBGC; they do not create any additional requirements and result in a reduction of the statutory burden. OMB has approved the collection of information in PBGC’s booklet, Qualified Domestic Relations Orders & PBGC under control number 1212–0054 through August 31, 2012. PBGC intends to request that OMB approve the revised collection of information for 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 intends to revise the booklet, Qualified Domestic Relations Orders & PBGC, to describe a proposed change in PBGC’s procedures that would apply when a draft domestic relations order is submitted for informal review. Under PBGC’s current procedures, PBGC delays the commencement of benefits (for participants not in pay status) or suspends payment of benefits (for participants in pay status) from the date of receipt of a draft domestic relations order to up to 60 days after the date PBGC notifies the parties of the results of the review. Under the proposed change, PBGC would suspend payments for participants in pay status only upon receipt of an original signed domestic relations order or a certified or authenticated copy. PBGC is also revising or eliminating certain model language which has often led to confusion as to how the language was to be interpreted. In addition, PBGC is making clarifying, simplifying, and editorial changes to model forms in the information collection. PBGC estimates that it will receive 1,361 domestic relations orders each year from prospective alternate payees and participants. PBGC further estimates that the total average annual burden of this collection of information will be 4,138 hours and $870,400. PBGC is soliciting public comments to— • Evaluate whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 • 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 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 31st day of May 2012. John H. Hanley, Director, Legislative and Regulatory Department, Pension Benefit Guaranty Corporation. [FR Doc. 2012–13635 Filed 6–5–12; 8:45 am] BILLING CODE 7709–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–67091; File No. 4–631] Joint Industry Plans; Order Approving, on a Pilot Basis, the National Market System Plan To Address Extraordinary Market Volatility by BATS Exchange, Inc., BATS Y-Exchange, Inc., Chicago Board Options Exchange, Incorporated, Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, The Nasdaq Stock Market LLC, National Stock Exchange, Inc., New York Stock Exchange LLC, NYSE MKT LLC, and NYSE Arca, Inc. May 31, 2012. I. Introduction On April 5, 2011, NYSE Euronext, on behalf of New York Stock Exchange LLC (‘‘NYSE’’), NYSE Amex LLC (‘‘NYSE Amex’’),1 and NYSE Arca, Inc. (‘‘NYSE Arca’’), and the following parties to the proposed National Market System Plan: BATS Exchange, Inc., BATS YExchange, Inc., Chicago Board Options Exchange, Incorporated (‘‘CBOE’’), Chicago Stock Exchange, Inc., EDGA Exchange, Inc., EDGX Exchange, Inc., Financial Industry Regulatory Authority, Inc., NASDAQ OMX BX, Inc., NASDAQ OMX PHLX LLC, the 1 On May 14, 2012, NYSE Amex filed a proposed rule change on an immediately effective basis to change its name to NYSE MKT LLC (‘‘NYSE MKT’’). See Securities Exchange Act Release No. 67037 (May 21, 2012) (SR–NYSEAmex–2012–32). E:\FR\FM\06JNN1.SGM 06JNN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 77, Number 109 (Wednesday, June 6, 2012)]
[Notices]
[Pages 33497-33498]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-13635]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Qualified Domestic Relations Orders Submitted to PBGC

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intent to request OMB approval of revised collection 
of information.

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

SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') intends to 
request that the Office of Management and Budget (``OMB'') approve, 
under the Paperwork Reduction Act, revisions to an information 
collection relating to PBGC's booklet, Qualified Domestic Relations 
Orders & PBGC (OMB control number 1212-0054; expires August 31, 2012). 
PBGC is requesting 3-year approval of the revised collection of 
information. The booklet provides guidance on how to submit a qualified 
domestic relations order (``QDRO'') to the PBGC. This notice informs 
the public of PBGC's intent and solicits

[[Page 33498]]

public comment on the collection of information, as modified.

DATES: Comments should be submitted by August 6, 2012.

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.
    Email: 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 
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 or by visiting that office 
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.) The regulations relating to 
this collection of information are available on PBGC's Web site at 
www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, 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 and TDD, 
call 800-877-8339 and ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: A defined benefit pension plan that does not 
have enough money to pay benefits may be terminated if the employer 
responsible for the plan faces severe financial difficulty, such as 
bankruptcy, and is unable to maintain the plan. In such an event, PBGC 
becomes trustee of the plan and pays benefits, subject to legal limits, 
to plan participants and beneficiaries.
    The benefits of a pension plan participant generally may not be 
assigned or alienated. Title I of ERISA provides an exception for 
domestic relations orders that relate to child support, alimony 
payments, or marital property rights of an alternate payee (a spouse, 
former spouse, child, or other dependent of a plan participant). The 
exception applies only if the domestic relations order meets specific 
legal requirements that make it a qualified domestic relations order.
    When PBGC is trustee of a plan, it reviews submitted domestic 
relations orders to determine whether the order is qualified before 
paying benefits to an alternate payee. The requirements for submitting 
a domestic relations order and the contents of such orders are 
established by statute. The models and the guidance provided by PBGC 
assist parties by making it easier for them to comply with ERISA's QDRO 
requirements in plans trusteed by PBGC; they do not create any 
additional requirements and result in a reduction of the statutory 
burden.
    OMB has approved the collection of information in PBGC's booklet, 
Qualified Domestic Relations Orders & PBGC under control number 1212-
0054 through August 31, 2012. PBGC intends to request that OMB approve 
the revised collection of information for 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 intends to revise the booklet, Qualified Domestic Relations 
Orders & PBGC, to describe a proposed change in PBGC's procedures that 
would apply when a draft domestic relations order is submitted for 
informal review. Under PBGC's current procedures, PBGC delays the 
commencement of benefits (for participants not in pay status) or 
suspends payment of benefits (for participants in pay status) from the 
date of receipt of a draft domestic relations order to up to 60 days 
after the date PBGC notifies the parties of the results of the review. 
Under the proposed change, PBGC would suspend payments for participants 
in pay status only upon receipt of an original signed domestic 
relations order or a certified or authenticated copy.
    PBGC is also revising or eliminating certain model language which 
has often led to confusion as to how the language was to be 
interpreted. In addition, PBGC is making clarifying, simplifying, and 
editorial changes to model forms in the information collection.
    PBGC estimates that it will receive 1,361 domestic relations orders 
each year from prospective alternate payees and participants. PBGC 
further estimates that the total average annual burden of this 
collection of information will be 4,138 hours and $870,400.
    PBGC is soliciting public comments to--
     Evaluate whether the 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 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 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 31st day of May 2012.
John H. Hanley,
Director, Legislative and Regulatory Department, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2012-13635 Filed 6-5-12; 8:45 am]
BILLING CODE 7709-01-P

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