Sunshine Act Meeting, 69141 [2013-27610]

Download as PDF 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

[Federal Register Volume 78, Number 222 (Monday, November 18, 2013)]
[Notices]
[Page 69141]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-27610]


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POSTAL REGULATORY COMMISSION


Sunshine Act Meeting

TIME AND DATE: Wednesday, December 11, 2013, at 11 a.m.

PLACE: 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.

    By direction of the Commission.
Shoshana M. Grove,
Secretary.
[FR Doc. 2013-27610 Filed 11-14-13; 11:15 am]
BILLING CODE 7710-FW-P
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