Submission of Information Collections for OMB Review; Comment Request; Payment of Premiums; Termination Premium, 69140-69141 [2013-27535]

Download as PDF 69140 Federal Register / Vol. 78, No. 222 / Monday, November 18, 2013 / Notices disclosed in your comment submission. The NRC posts all comment submissions at https:// www.regulations.gov as well as entering the comment submissions into ADAMS. The NRC does not routinely edit comment submissions to remove identifying or contact information. If you are requesting or aggregating comments from other persons for submission to the NRC, then you should inform those persons not to include identifying or contact information that they do not want to be publicly disclosed in their comment submission. Your request should state that the NRC does not routinely edit comment submissions to remove such information before making the comment submissions available to the public or entering the comment submissions into ADAMS. Dated at Rockville, Maryland, this 30th day of October, 2013. For the Nuclear Regulatory Commission. Joseph Colaccino, Branch Chief, Policy Branch, Division of Advanced Reactors and Rulemaking, Office of New Reactors. [FR Doc. 2013–27544 Filed 11–15–13; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION [Docket No. NRC–2013–0250] CSMI, LLC; Request for Action Nuclear Regulatory Commission. ACTION: Request for action; receipt. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) is giving notice that by petition dated August 10, 2013, George Walther-Meade (the petitioner) has requested that the NRC take action with regard to CSMI. The petitioner’s requests are included in the SUPPLEMENTARY INFORMATION section of this document. ADDRESSES: Please refer to Docket ID NRC–2013–0250 when contacting the NRC about the availability of information regarding this document. You may access publicly available information related to this action by the following methods: • Federal Rulemaking Web site: Go to https://www.regulations.gov and search for Docket ID NRC–2013–0250. Address questions about NRC dockets to Carol Gallagher; telephone: 301–287–3422; email: Carol.Gallagher@nrc.gov. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may access publicly mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:33 Nov 15, 2013 Jkt 232001 available documents online in the NRC Library at https://www.nrc.gov/readingrm/adams.html. To begin the search, select ‘‘ADAMS Public Documents’’ and then select ‘‘Begin Web-based ADAMS Search.’’ For problems with ADAMS, please contact the NRC’s Public Document Room (PDR) reference staff at 1–800–397–4209, 301–415–4737, or by email to PDR.Resource@nrc.gov. The ADAMS accession number for each document referenced in this notice (if that document is available in ADAMS) is provided the first time that a document is referenced. • NRC’s PDR: You may examine and purchase copies of public documents at the NRC’s PDR, Room O1–F21, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852. On August 10, 2013 (ADAMS Accession No. ML13226A020), the petitioner requested that the NRC take action with regard to CSMI. The petitioner requested immediate enforcement action by issuing an order to revoke CSMI’s License No. 20–35022–01. As the basis for this request, the petitioner states that the Licensee has committed willful violations involving falsification of information that are of particular concern because the NRC’s regulatory program is based on licensees acting with integrity and communicating with candor. The request is being treated pursuant to section 2.206 of Title 10 of the Code of Federal Regulations (10 CFR) of the Commission’s regulations. The request has been referred to the Director of the Office of Federal and State Materials and Environmental Management Programs. As provided by 10 CFR 2.206, appropriate action will be taken on this petition within a reasonable time. The petitioner met with the Petition Review Board (PRB) on September 10, 2013, to discuss the petition; the transcript of that meeting is an additional supplement to the petition (ADAMS Accession No. ML13263A388). The results of that discussion were considered in the board’s determination regarding the petitioner’s request for immediate action and in establishing the schedule for the review of the petition. By letter dated November 4, 2013, the Director denied petitioner’s request for immediate action to revoke CSMI’s License No. 20–35022–01. SUPPLEMENTARY INFORMATION: Dated at Rockville, Maryland, this 4th day of November, 2013. PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 For the Nuclear Regulatory Commission. Brian E. Holian, Acting Director, Office of Federal and State Materials, and Environmental Management Programs. [FR Doc. 2013–27542 Filed 11–15–13; 8:45 am] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collections for OMB Review; Comment Request; Payment of Premiums; Termination Premium Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval of collection of information. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of the collection of information for the termination premium under its regulation on Payment of Premiums (29 CFR Part 4007) (OMB control number 1212–0064; expires December 31, 2013), with minor changes. This notice informs the public of PBGC’s request and solicits public comment on the collection of information. DATES: Comments should be submitted by December 18, 2013. ADDRESSES: Comments should be sent to the Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Pension Benefit Guaranty Corporation, via electronic mail at OIRA_DOCKET@ omb.eop.gov or by fax to 202–395–6974. The currently approved collection of information (Form T and instructions) and PBGC’s premium payment regulation may be found on PBGC’s Web site at https://www.pbgc.gov/prac/prem/ termination-premiums.html. Copies of the proposed collection of information and PBGC’s request are posted at https:// www.pbgc.gov/res/laws-andregulations/information-collectionsunder-omb-review.html. They may also be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC, 1200 K Street NW., Washington, DC 20005, or by visiting the Disclosure Division or calling 202–326–4040 during normal business hours. (TTY and TDD users may call the Federal relay service tollfree at 800–877–8339 and ask to be connected to 202–326–4040.) FOR FURTHER INFORMATION CONTACT: Deborah C. Murphy, Deputy Assistant SUMMARY: E:\FR\FM\18NON1.SGM 18NON1 mstockstill on DSK4VPTVN1PROD with NOTICES Federal Register / Vol. 78, No. 222 / Monday, November 18, 2013 / Notices General Counsel for Regulatory Affairs, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005– 4026, 202–326–4024 or Murphy.Deborah@pbgc.gov. (TTY and TDD users may call the Federal relay service toll-free at 800–877–8339 and ask to be connected to 202–326–4024.) SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation (PBGC) administers the pension plan termination insurance program under title IV of the Employee Retirement Income Security Act of 1974 (ERISA). Section 4006(a)(7) of ERISA provides for a ‘‘termination premium’’ (in addition to the flat-rate and variable-rate premiums under section 4006(a)(3) and (8) of ERISA) that is payable for three years following certain distress and involuntary plan terminations. PBGC’s regulations on Premium Rates (29 CFR part 4006) and Payment of Premiums (29 CFR part 4007) implement the termination premium. Sections 4007.3 and 4007.13(b) of the premium payment regulation require the filing of termination premium information and payments with PBGC. PBGC has promulgated Form T and instructions for paying the termination premium. In general, the termination premium applies where a single-employer plan terminates in a distress termination under ERISA section 4041(c) (unless contributing sponsors and controlled group members meet the bankruptcy liquidation requirements of ERISA section 4041(c)(2)(B)(i)) or in an involuntary termination under ERISA section 4042, and the termination date under section 4048 of ERISA is after 2005. The termination premium does not apply in certain cases where termination occurs during a bankruptcy proceeding filed before October 18, 2005. The termination premium is payable for three years. The same amount is payable each year. The amount of each payment is based on the number of participants in the plan as of the day before the termination date. In general, the amount of each payment is equal to $1,250 times the number of participants. However, the rate is increased from $1,250 to $2,500 in certain cases involving commercial airline or airline catering service plans. The termination premium is due on the 30th day of each of three consecutive 12-month periods. The first 12-month period generally begins shortly after the termination date or after the conclusion of bankruptcy proceedings in certain cases. The termination premium and related information must be filed by a person VerDate Mar<15>2010 17:33 Nov 15, 2013 Jkt 232001 liable for the termination premium. The persons liable for the termination premium are contributing sponsors and members of their controlled groups, determined on the day before the plan termination date. Interest on late termination premiums is charged at the rate imposed under section 6601(a) of the Internal Revenue Code, compounded daily, from the due date to the payment date. Penalties based on facts and circumstances may be assessed both for failure to timely pay the termination premium and for failure to timely file required related information and may be waived in appropriate circumstances. A penalty for late payment will not exceed the amount of termination premium paid late. Section 4007.10 of the premium payment regulation requires the retention of records supporting or validating the computation of premiums paid and requires that the records be made available to PBGC. OMB has approved the termination premium collection of information (Form T and instructions) under control number 1212–0064 through December 31, 2013. PBGC is requesting that OMB extend approval of this collection of information for three years, with minor changes. PBGC is eliminating from Form T and instructions the requirement to report the method of payment and making minor editorial changes to the form and instructions. 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 estimates that it will each year receive an average of about 25 filings for the first year a termination premium is due, 20 filings for the second year a termination premium is due, and 15 filings for the third year a termination premium is due, from a total of about 60 respondents. PBGC estimates that the total annual burden of the collection of information will be about ten hours and $8,800. Issued in Washington, DC, this 13th day of November, 2013. Judith Starr, General Counsel, Pension Benefit Guaranty Corporation. 69141 Commission Hearing Room, 901 New York Avenue NW., Suite 200, Washington, DC 20268–0001. STATUS: Part of this meeting will be open to the public. The rest of the meeting will be closed to the public. The open session will be audiocast. The audiocast may be accessed via the Commission’s Web site at https:// www.prc.gov. A period for public comment will be offered following consideration of the last numbered item in the open session. MATTERS TO BE CONSIDERED: The agenda for the Commission’s December 11, 2013 meeting includes the items identified below. PORTIONS OPEN TO THE PUBLIC: 1. Report from the Office of Public Affairs and Government Relations on legislative activities and the handling of rate and service inquiries from the public. 2. Report from the Office of General Counsel on the status of Commission dockets. 3. Report from the Office of Accountability and Compliance. 4. Report from the Office of the Secretary and Administration. 5. Selection of Vice Chairman. 6. Update for the Commissioners on the Work of the Military Postal Service Agency by Mr. David Ernst, Deputy Director, Military Postal Service Agency. PORTION CLOSED TO THE PUBLIC: 7. Discussion of pending litigation. CONTACT PERSON FOR MORE INFORMATION: Stephen L. Sharfman, General Counsel, Postal Regulatory Commission, 901 New York Avenue NW., Suite 200, Washington, DC 20268–0001, at 202– 789–6820 (for agenda-related inquiries) and Shoshana M. Grove, Secretary of the Commission, at 202–789–6800 or shoshana.grove@prc.gov (for inquiries related to meeting location, changes in date or time of the meeting, access for handicapped or disabled persons, the audiocast, or similar matters). The Commission’s Web site may also provide information on changes in the date or time of the meeting. PLACE: By direction of the Commission. Shoshana M. Grove, Secretary. [FR Doc. 2013–27535 Filed 11–15–13; 8:45 am] [FR Doc. 2013–27610 Filed 11–14–13; 11:15 am] BILLING CODE 7709–02–P BILLING CODE 7710–FW–P POSTAL REGULATORY COMMISSION Sunshine Act Meeting Wednesday, December 11, 2013, at 11 a.m. TIME AND DATE: PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 RAILROAD RETIREMENT BOARD 2014 Railroad Experience Rating Proclamations, Monthly Compensation Base and Other Determinations AGENCY: E:\FR\FM\18NON1.SGM Railroad Retirement Board. 18NON1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 78, Number 222 (Monday, November 18, 2013)]
[Notices]
[Pages 69140-69141]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-27535]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collections for OMB Review; Comment 
Request; Payment of Premiums; Termination Premium

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval of collection 
of information.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
that the Office of Management and Budget (OMB) extend approval, under 
the Paperwork Reduction Act, of the collection of information for the 
termination premium under its regulation on Payment of Premiums (29 CFR 
Part 4007) (OMB control number 1212-0064; expires December 31, 2013), 
with minor changes. This notice informs the public of PBGC's request 
and solicits public comment on the collection of information.

DATES: Comments should be submitted by December 18, 2013.

ADDRESSES: Comments should be sent to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, Attention: Desk 
Officer for Pension Benefit Guaranty Corporation, via electronic mail 
at OIRA_DOCKET@omb.eop.gov or by fax to 202-395-6974.
    The currently approved collection of information (Form T and 
instructions) and PBGC's premium payment regulation may be found on 
PBGC's Web site at https://www.pbgc.gov/prac/prem/termination-premiums.html. Copies of the proposed collection of information and 
PBGC's request are posted at https://www.pbgc.gov/res/laws-and-regulations/information-collections-under-omb-review.html. They may 
also be obtained without charge by writing to the Disclosure Division 
of the Office of the General Counsel of PBGC, 1200 K Street NW., 
Washington, DC 20005, or by visiting the Disclosure Division or calling 
202-326-4040 during normal business hours. (TTY and TDD users may call 
the Federal relay service toll-free at 800-877-8339 and ask to be 
connected to 202-326-4040.)

FOR FURTHER INFORMATION CONTACT: Deborah C. Murphy, Deputy Assistant

[[Page 69141]]

General Counsel for Regulatory Affairs, Office of the General Counsel, 
Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 
20005-4026, 202-326-4024 or Murphy.Deborah@pbgc.gov. (TTY and TDD users 
may call the Federal relay service toll-free at 800-877-8339 and ask to 
be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation 
(PBGC) administers the pension plan termination insurance program under 
title IV of the Employee Retirement Income Security Act of 1974 
(ERISA). Section 4006(a)(7) of ERISA provides for a ``termination 
premium'' (in addition to the flat-rate and variable-rate premiums 
under section 4006(a)(3) and (8) of ERISA) that is payable for three 
years following certain distress and involuntary plan terminations. 
PBGC's regulations on Premium Rates (29 CFR part 4006) and Payment of 
Premiums (29 CFR part 4007) implement the termination premium. Sections 
4007.3 and 4007.13(b) of the premium payment regulation require the 
filing of termination premium information and payments with PBGC. PBGC 
has promulgated Form T and instructions for paying the termination 
premium.
    In general, the termination premium applies where a single-employer 
plan terminates in a distress termination under ERISA section 4041(c) 
(unless contributing sponsors and controlled group members meet the 
bankruptcy liquidation requirements of ERISA section 4041(c)(2)(B)(i)) 
or in an involuntary termination under ERISA section 4042, and the 
termination date under section 4048 of ERISA is after 2005. The 
termination premium does not apply in certain cases where termination 
occurs during a bankruptcy proceeding filed before October 18, 2005.
    The termination premium is payable for three years. The same amount 
is payable each year. The amount of each payment is based on the number 
of participants in the plan as of the day before the termination date. 
In general, the amount of each payment is equal to $1,250 times the 
number of participants. However, the rate is increased from $1,250 to 
$2,500 in certain cases involving commercial airline or airline 
catering service plans. The termination premium is due on the 30th day 
of each of three consecutive 12-month periods. The first 12-month 
period generally begins shortly after the termination date or after the 
conclusion of bankruptcy proceedings in certain cases.
    The termination premium and related information must be filed by a 
person liable for the termination premium. The persons liable for the 
termination premium are contributing sponsors and members of their 
controlled groups, determined on the day before the plan termination 
date. Interest on late termination premiums is charged at the rate 
imposed under section 6601(a) of the Internal Revenue Code, compounded 
daily, from the due date to the payment date. Penalties based on facts 
and circumstances may be assessed both for failure to timely pay the 
termination premium and for failure to timely file required related 
information and may be waived in appropriate circumstances. A penalty 
for late payment will not exceed the amount of termination premium paid 
late. Section 4007.10 of the premium payment regulation requires the 
retention of records supporting or validating the computation of 
premiums paid and requires that the records be made available to PBGC.
    OMB has approved the termination premium collection of information 
(Form T and instructions) under control number 1212-0064 through 
December 31, 2013. PBGC is requesting that OMB extend approval of this 
collection of information for three years, with minor changes. PBGC is 
eliminating from Form T and instructions the requirement to report the 
method of payment and making minor editorial changes to the form and 
instructions. 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 estimates that it will each year receive an average of about 
25 filings for the first year a termination premium is due, 20 filings 
for the second year a termination premium is due, and 15 filings for 
the third year a termination premium is due, from a total of about 60 
respondents. PBGC estimates that the total annual burden of the 
collection of information will be about ten hours and $8,800.

    Issued in Washington, DC, this 13th day of November, 2013.
Judith Starr,
General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2013-27535 Filed 11-15-13; 8:45 am]
BILLING CODE 7709-02-P

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