Submission of Information Collection for OMB Review; Comment Request; Disclosure of Termination Information, 51204 [2014-20388]

Download as PDF 51204 Federal Register / Vol. 79, No. 166 / Wednesday, August 27, 2014 / Notices Candi Bing, (202) 314–6403 or by email at bingc@ntsb.gov. FOR MEDIA INFORMATION CONTACT: Eric Weiss, (202) 314–6100 or by email at eric.weiss@ntsb.gov for information regarding the UPS Flight 1354 accident. Please contact Peter Knudson, (202) 314–6100 or by email at peter.knudson@ ntsb.gov for information regarding the Safety Study on Drug Use Trends in Aviation. FOR MORE INFORMATION CONTACT: Dated: Friday, August 22, 2014. Candi R. Bing, Federal Register Liaison Officer. [FR Doc. 2014–20478 Filed 8–25–14; 11:15 am] BILLING CODE 7533–01–P be connected to 202–326–4040.) The Disclosure Division will email, fax, or mail the request to you, as you request. The regulations relating to this collection of information may be found on PBGC’s Web site at http:// www.pbgc.gov/res/laws-andregulations/ code-of-federalregulations.html. FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney, or Catherine B. Klion, Assistant General Counsel (326– 4400, ext. 3041), Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005, 202–326–4024. (For TTY and TDD, call 800–877–8339 and ask to be connected to 202–326– 4024.) Sections 4041 and 4042 of the Employee Retirement Income Security Act of 1974, as amended (ERISA), 29 U.S.C 1301– 1461, govern the termination of singleemployer defined benefit pension plans that are subject to Title IV of ERISA. A plan administrator may initiate a distress termination under section 4041(c), and PBGC may itself initiate proceedings to terminate a pension plan under section 4042 if PBGC determines that certain conditions are present. Sections 4041 and 4042 of ERISA were amended by Section 506 of the Pension Protection Act of 2006 (Pub. L. 109–280) to require that, upon a request by an affected party— • A plan administrator must disclose information it has submitted to PBGC in connection with a distress termination filing, and • A plan administrator or plan sponsor must disclose information it has submitted to PBGC in connection with a PBGC-initiated termination. PBGC is also required to disclose the administrative record relating to a PBGC-initiated termination upon request by an affected party. The above provisions are applicable to terminations initiated on or after August 17, 2006. The applicable regulatory provisions can be found at 29 CFR 4041.51 and 4042.5. This collection of information has been approved by OMB under control number 1212–0065 (expires September 30, 2014). PBGC is requesting that OMB extend its approval for three years, without change. 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. Based on its experience and information from practitioners, PBGC estimates that two participants or other affected parties will annually make requests for termination information. SUPPLEMENTARY INFORMATION: PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Disclosure of Termination Information Pension Benefit Guaranty Corporation. ACTION: Notice of request for OMB approval. AGENCY: PBGC is requesting that OMB approve, under the Paperwork Reduction Act, a collection of information under its regulations on the disclosure of termination information for distress terminations, 29 CFR part 4041, Subpart C, and for PBGC-initiated terminations under 29 CFR part 4042 (OMB control number 1212–0065; expires September 30, 2014). This notice informs the public of PBGC’s request and solicits public comment on the collection of information that must be provided by plan administrators and plan sponsors to affected parties upon request. DATES: Comments should be submitted by September 26, 2014. 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. Copies of the request (including 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 mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:44 Aug 26, 2014 Jkt 232001 PO 00000 Frm 00067 Fmt 4703 Sfmt 9990 PBGC estimates that the total annual burden for the collection of information will be about 30 hours and $600 (15 hours and $300 per request). Issued in Washington, DC, this 21st day of August 2014. Philip R. Hertz, Deputy General Counsel, Pension Benefit Guaranty Corporation. [FR Doc. 2014–20388 Filed 8–26–14; 8:45 am] BILLING CODE 7709–02–P SECURITIES AND EXCHANGE COMMISSION Sunshine Act Meeting Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Public Law 94–409, that the Securities and Exchange Commission will hold an Open Meeting on Wednesday, August 27, 2014 at 10:00 a.m., in the Auditorium, Room L–002. The subject matters of the Open Meeting will be: • The Commission will consider whether to adopt rules revising the disclosure, reporting and offering process for asset-backed securities. The revisions would require asset-backed issuers to provide enhanced disclosures, including information for certain asset classes about each asset in the underlying pool in a standardized, tagged format, and revise the shelf offering process and eligibility criteria for asset-backed securities. • The Commission will consider whether to adopt rule amendments and new rules to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act concerning nationally recognized statistical rating organizations, providers of third-party due diligence services for asset-backed securities, and issuers and underwriters of asset-backed securities under the Securities Exchange Act of 1934. The duty officer has determined that no earlier notice was practicable. At times, changes in Commission priorities require alterations in the scheduling of meeting items. For further information and to ascertain what, if any, matters have been added, deleted, or postponed, please contact: The Office of the Secretary at (202) 551–5400. Dated: August 22, 2014. Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–20469 Filed 8–25–14; 11:15 am] BILLING CODE 8011–01–P E:\FR\FM\27AUN1.SGM 27AUN1

Agencies

[Federal Register Volume 79, Number 166 (Wednesday, August 27, 2014)]
[Notices]
[Page 51204]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-20388]


=======================================================================
-----------------------------------------------------------------------

PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Disclosure of Termination Information

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for OMB approval.

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

SUMMARY: PBGC is requesting that OMB approve, under the Paperwork 
Reduction Act, a collection of information under its regulations on the 
disclosure of termination information for distress terminations, 29 CFR 
part 4041, Subpart C, and for PBGC-initiated terminations under 29 CFR 
part 4042 (OMB control number 1212-0065; expires September 30, 2014). 
This notice informs the public of PBGC's request and solicits public 
comment on the collection of information that must be provided by plan 
administrators and plan sponsors to affected parties upon request.

DATES: Comments should be submitted by September 26, 2014.

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 OIRADOCKET@omb.eop.gov or by fax to (202) 395-6974.
    Copies of the request (including 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.) The Disclosure Division will email, fax, or 
mail the request to you, as you request.
    The regulations relating to this collection of information may be 
found on PBGC's Web site at http://www.pbgc.gov/res/laws-andregulations/code-of-federalregulations.html.

FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney, or Catherine 
B. Klion, Assistant General Counsel (326-4400, ext. 3041), Office of 
the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street NW., Washington, DC 20005, 202-326-4024. (For TTY and TDD, call 
800-877-8339 and ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: Sections 4041 and 4042 of the Employee 
Retirement Income Security Act of 1974, as amended (ERISA), 29 U.S.C 
1301-1461, govern the termination of single-employer defined benefit 
pension plans that are subject to Title IV of ERISA. A plan 
administrator may initiate a distress termination under section 
4041(c), and PBGC may itself initiate proceedings to terminate a 
pension plan under section 4042 if PBGC determines that certain 
conditions are present. Sections 4041 and 4042 of ERISA were amended by 
Section 506 of the Pension Protection Act of 2006 (Pub. L. 109-280) to 
require that, upon a request by an affected party--
     A plan administrator must disclose information it has 
submitted to PBGC in connection with a distress termination filing, and
     A plan administrator or plan sponsor must disclose 
information it has submitted to PBGC in connection with a PBGC-
initiated termination.
    PBGC is also required to disclose the administrative record 
relating to a PBGC-initiated termination upon request by an affected 
party. The above provisions are applicable to terminations initiated on 
or after August 17, 2006. The applicable regulatory provisions can be 
found at 29 CFR 4041.51 and 4042.5.
    This collection of information has been approved by OMB under 
control number 1212-0065 (expires September 30, 2014). PBGC is 
requesting that OMB extend its approval for three years, without 
change. 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.
    Based on its experience and information from practitioners, PBGC 
estimates that two participants or other affected parties will annually 
make requests for termination information. PBGC estimates that the 
total annual burden for the collection of information will be about 30 
hours and $600 (15 hours and $300 per request).

    Issued in Washington, DC, this 21st day of August 2014.
Philip R. Hertz,
Deputy General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2014-20388 Filed 8-26-14; 8:45 am]
BILLING CODE 7709-02-P