Proposed Submission of Information Collections for OMB Review; Comment Request; Reportable Events; Notice of Failure To Make Required Contributions, 3664-3666 [2015-01319]

Download as PDF 3664 Federal Register / Vol. 80, No. 15 / Friday, January 23, 2015 / Notices Consistent with 10 CFR 51.21, the NRC conducted the environmental assessment for the proposed action included in Section II above and incorporated by reference in this finding. On the basis of this environmental assessment, the NRC concludes that the proposed action will not have significant effects on the quality of the human environment. Accordingly, the NRC has determined not to prepare an environmental impact statement for the proposed action. Other than the licensee’s letter, dated March 28, 2014, there are no other environmental documents associated with this review. This document is available for public inspection as indicated above. Dated at Rockville, Maryland, this 15th day of January, 2015. For the Nuclear Regulatory Commission. Douglas A. Broaddus, Chief, Plant Licensing Branch IV–2 and Decommissioning Transition Branch, Division of Operating Reactor Licensing, Office of Nuclear Reactor Regulation. [FR Doc. 2015–01195 Filed 1–22–15; 8:45 am] BILLING CODE 7590–01–P NUCLEAR REGULATORY COMMISSION [NRC–2015–0009] In the Matter of All Operating Reactor Licensees With Mark I Containments Nuclear Regulatory Commission. ACTION: Director’s decision under 10 CFR 2.206; issuance. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) has issued a director’s decision with regard to a petition dated April 13, 2011, filed by Mr. Paul Gunter, Director for Reactor Oversight Project of Beyond Nuclear (the petitioner), requesting that the NRC take action with regard to all operating General Electric (GE) Boiling Water Reactor (BWR) licensees with Mark I primary containment system (the licensees). DATES: January 23, 2015. ADDRESSES: Please refer to Docket ID NRC–2015–0009 when contacting the NRC about the availability of information regarding this document. You may obtain publicly-available information related to this document using any of the following methods: • Federal Rulemaking Web site: Go to https://www.regulations.gov and search for Docket ID NRC–2015–0009. Address questions about NRC dockets to Carol Gallagher; telephone: 301–287–3442; tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:05 Jan 22, 2015 Jkt 235001 email: Carol.Gallagher@nrc.gov. For technical questions, contact the individual listed in the FOR FURTHER INFORMATION CONTACT section of this document. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may obtain publiclyavailable documents online in the ADAMS Public Documents collection at https://www.nrc.gov/reading-rm/ 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 (if it 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. FOR FURTHER INFORMATION CONTACT: Siva P. Lingam, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC 20555– 0001; telephone: 301–415–1564, email: Siva.Lingam@nrc.gov. SUPPLEMENTARY INFORMATION: Notice is hereby given that the Deputy Director, Office of Nuclear Reactor Regulation, has issued a director’s decision (ADAMS Accession No. ML14337A243) on a petition filed by the petitioner on April 13, 2011 (ADAMS Accession No. ML11104A058). The petitioner requested that the NRC order the immediate suspension of the operating licenses of all GE BWRs that utilize the Mark I primary containment system. As the basis of the request, the petitioner cited the events in Japan at the Fukushima Dai-Ichi nuclear power plant. On June 8, 2011 and October 7, 2011, the petitioner met with the NRC’s Petition Review Board. The meeting provided the petitioner an opportunity to provide additional information and to clarify the issues cited in the petition. Information regarding those meetings, including meeting transcripts are available in ADAMS under Package Accession Nos. ML11166A137 and ML11292A159 respectively. The NRC sent a copy of the proposed director’s decision to the petitioner and the licensees for comments on October 27, 2014 (ADAMS Package Accession No. ML14198A098). The petitioner and the licensees were asked to provide comments within 30 days on any part of PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 the proposed director’s decision that was considered to be erroneous or any issues in the petition that were not addressed. The NRC staff did not receive comments on the proposed director’s decision. The Deputy Director of the Office of Nuclear Reactor Regulation has determined that the request, to require that the NRC order the immediate suspension of the operating licenses of all GE BWRs that utilize the Mark I primary containment system, was resolved through the issuance of orders, written statements in accordance with Title 10 of the Code of Federal Regulations (10 CFR), rulemaking, and the Emergency Response Data System initiative. The reasons for this decision are explained in the director’s decision (DD–15–01) pursuant to 10 CFR 2.206 of the Commission’s regulations. The NRC will file a copy of the director’s decision with the Secretary of the Commission for the Commission’s review in accordance with 10 CFR 2.206. As provided by this regulation, the director’s decision will constitute the final action of the Commission 25 days after the date of the decision unless the Commission, on its own motion, institutes a review of the director’s decision in that time. Dated at Rockville, Maryland, this 15th day of January, 2015. For the Nuclear Regulatory Commission. Jennifer L. Uhle, Deputy Director, for Reactor Safety Programs Office of Nuclear Reactor Regulation. [FR Doc. 2015–01197 Filed 1–22–15; 8:45 am] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collections for OMB Review; Comment Request; Reportable Events; Notice of Failure To Make Required Contributions Pension Benefit Guaranty Corporation. ACTION: Notice of intention to request extension of OMB approval of revised collections of information. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval (with modifications), under the Paperwork Reduction Act, of two collections of information under PBGC’s regulation on Reportable Events and Certain Other Notification Requirements (OMB control numbers 1212–0013 and 1212–0041, expiring March 31, 2015). This notice SUMMARY: E:\FR\FM\23JAN1.SGM 23JAN1 tkelley on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 15 / Friday, January 23, 2015 / Notices informs the public of PBGC’s intent and solicits public comment on the collections of information. DATES: Comments must be submitted by March 24, 2015. 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: Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005–4026. Comments received, including personal information provided, will be posted to www.pbgc.gov. Copies of the collections of information and comments may be obtained without charge by writing to Disclosure Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005–4026; visiting the Disclosure Division; faxing a request to 202–326–4042; or calling 202–326–4040 during normal business hours. (TTY/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 reportable events regulation, forms, and instructions are available at www.pbgc.gov. FOR FURTHER INFORMATION CONTACT: Daniel S. Liebman, Attorney (Liebman.Daniel@PBGC.gov), Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005–4026; 202– 326–4024. (TTY/TDD users may call the Federal relay service toll-free at 1–800– 877–8339 and ask to be connected to 202–326–4024.) SUPPLEMENTARY INFORMATION: Section 4043 of the Employee Retirement Income Security Act of 1974 (ERISA) requires plan administrators and plan sponsors to report certain plan and employer events to PBGC. The reporting requirements give PBGC notice of events that indicate plan or employer financial problems. PBGC uses the information provided in determining what, if any, action it needs to take. For example, PBGC might need to institute proceedings to terminate a plan (placing it in trusteeship) under section 4042 of ERISA to ensure the continued payment of benefits to plan participants and their beneficiaries or to prevent unreasonable increases in PBGC’s losses. Section 303(k) of ERISA and section 430(k) of the Internal Revenue Code of VerDate Sep<11>2014 18:05 Jan 22, 2015 Jkt 235001 1986 (Code) impose a lien in favor of an underfunded single-employer plan that is covered by the termination insurance program under title IV of ERISA if (1) any person fails to make a contribution payment when due, and (2) the unpaid balance of that payment (including interest), when added to the aggregate unpaid balance of all preceding payments for which payment was not made when due (including interest), exceeds $1 million. (For this purpose, a plan is underfunded if its funding target attainment percentage is less than 100 percent.) The lien is upon all property and rights to property belonging to the person or persons that are liable for required contributions (i.e., a contributing sponsor and each member of the controlled group of which that contributing sponsor is a member). Only PBGC (or, at its direction, the plan’s contributing sponsor or a member of the same controlled group) may perfect and enforce this lien. ERISA and the Code require persons committing payment failures to notify PBGC within 10 days of the due date whenever there is a failure to make a required payment and the total of the unpaid balances (including interest) exceeds $1 million. The provisions of section 4043 of ERISA and of sections 303(k) of ERISA and 430(k) of the Code have been implemented in PBGC’s regulation on Reportable Events and Certain Other Notification Requirements (29 CFR part 4043). Subparts B and C of the regulation deal with reportable events, and subpart D deals with failures to make required contributions. PBGC has issued Forms 10 and 10Advance (10–A) and related instructions under subparts B and C (approved under OMB control number 1212– 0013) 1 and Form 200 and related instructions under subpart D (approved under OMB control number 1212–0041). OMB approval of both of these collections of information expires March 31, 2015. PBGC intends to request that OMB extend its approval for three years, with modifications. 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. On April 3, 2013 (at 78 FR 20039), PBGC published a proposed rule that would revise its reportable events regulation.2 The 2013 proposal 1 Forms 10 and 10–A are optional and may provide for reduced initial information submissions. 2 The 2013 proposed rule was a reproposal. On November 23, 2009, PBGC published (at 74 FR 61248) a proposed rule to amend the reportable events regulation to accommodate changes to the PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 3665 substituted a new system of waivers (safe harbors) to more effectively target troubled plans and reduce burden where possible without depriving PBGC of the information it needs to protect the pension insurance system. PBGC received 13 comment letters on the 2013 proposal. PBGC also held its first-ever regulatory public hearing, at which eight of the commenters discussed their comments. PBGC is developing a final rule, taking into account the comments and discussion at the public hearing. Because OMB approval of the current information collection will expire before the final rule is published, it is necessary for PBGC to request that OMB extend its approval. PBGC intends to revise the current forms and instructions to: • Require that additional supporting information be provided (e.g., event date, notice due date, filing date, and why a filing is late, if applicable). • Require more description of the pertinent facts relating to an event (e.g., reason for a late contribution). • Add an information requirement included in the regulation to Forms 10 and 10–A (for change in contributing sponsor or controlled group event). • Provide enhanced instructions on the type of actuarial information required to be submitted. • Include a note in the Form 10–A instructions stating that PBGC typically asks for additional information (which will be specified) to be submitted within seven days (or sooner, in some cases). • Remove information requirements that PBGC no longer needs or can gather from public sources. • Require a signature and certification on Form 10 and Form 10–A as to the completeness and accuracy of the contents of the filing. PBGC is also intending to make conforming, clarifying, formatting, and editorial changes. PBGC estimates that it will receive 835 reportable event notices per year under subparts B and C of the reportable events regulation using Forms 10 and 10–A and that the average annual burden of this collection of information is 4,290 hours and $672,000. PBGC estimates that it will receive 165 notices of failure to make required contributions per year under subpart D of the variable-rate premium rules made pursuant to the Pension Protection Act of 2006 (PPA 2006). The rule also proposed to eliminate most automatic waivers and filing extensions, create two new reportable events based on provisions in PPA 2006, and make other changes to the reportable events regulation as well as conforming changes. PBGC reconsidered the reportable events regulation in the spirit of Executive Order 13563 on Improving Regulation and Regulatory Review and in light of the comments to the 2009 proposal. E:\FR\FM\23JAN1.SGM 23JAN1 3666 Federal Register / Vol. 80, No. 15 / Friday, January 23, 2015 / Notices reportable events regulation using Form 200 and that the average annual burden of this collection of information is 990 hours and $152,000. PBGC is soliciting public comments to— • Evaluate whether the proposed collections of information are 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 proposed collections of information, including the validity of the methodologies and assumptions used; • enhance the quality, utility, and clarity of the information to be collected; and • minimize the burden of the collections of information on those who are to respond, including through 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. SUPPLEMENTARY INFORMATION: POSTAL REGULATORY COMMISSION Table of Contents [Docket Nos. CP2015–31; Order No. 2325] I. Introduction II. Notice of Commission Action III. Ordering Paragraphs New Postal Product ACTION: I. Introduction In accordance with 39 U.S.C. 3634 and 39 CFR 3060.40 et seq., the Postal Service filed its calculation of the assumed Federal income tax on competitive products income for fiscal year (FY) 2014.1 The calculation details the FY 2014 competitive product revenue and expenses, the net competitive products income before tax, and the assumed Federal income tax on that income. II. Notice of Commission Action POSTAL REGULATORY COMMISSION In accordance with 39 CFR 3060.42, the Commission establishes Docket No. T2015–1 to review the calculation of the assumed Federal income tax and supporting documentation. The Commission invites comments on whether the Postal Service’s filing in this docket is consistent with the policies of 39 U.S.C. 3634 and 39 CFR 3060.40 et seq. Comments are due no later than March 16, 2015. The Postal Service’s filing can be accessed via the Commission’s Web site (https:// www.prc.gov). The Commission appoints James F. Callow to serve as Public Representative in this docket. [Docket Nos. T2015–1; Order No. 2323] III. Ordering Paragraphs Income Tax Review It is ordered: 1. The Commission establishes Docket No. T2015–1 to consider the calculation of the assumed Federal income tax on competitive products for FY 2014. 2. Pursuant to 39 U.S.C. 505, James F. Callow is appointed to serve as an officer of the Commission to represent the interests of the general public in this proceeding (Public Representative). 3. Comments are due no later than March 16, 2015. 4. The Secretary shall arrange for publication of this order in the Federal Register. Issued in Washington, DC, this 21 st day of January, 2015. Judith Starr, General Counsel, Pension Benefit Guaranty Corporation. [FR Doc. 2015–01319 Filed 1–22–15; 8:45 am] BILLING CODE 7709–02–P Postal Regulatory Commission. ACTION: Notice. AGENCY: The Commission is noticing a recent Postal Service filing concerning the calculation of the assumed Federal income tax on competitive products income for fiscal year (FY) 2014. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: March 16, 2015. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at https:// www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on filing alternatives. FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. tkelley on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:05 Jan 22, 2015 Jkt 235001 By the Commission. Ruth Ann Abrams, Acting Secretary. [FR Doc. 2015–01047 Filed 1–22–15; 8:45 am] BILLING CODE 7710–FW–P 1 United States Postal Service Notice of Submission of the Calculation of the FY 2014 Assumed Federal Income Tax on Competitive Products, January 8, 2015. PO 00000 Frm 00120 Fmt 4703 Sfmt 4703 Postal Regulatory Commission. Notice. AGENCY: The Commission is noticing a recent Postal Service filing concerning additional Global Reseller Expedited Package Contracts 1 (GREP 1) negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: January 23, 2015. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at https:// www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on filing alternatives. SUMMARY: FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: Table of Contents I. Introduction II. Notice of Commission Action III. Ordering Paragraphs I. Introduction On January 15, 2015, the Postal Service filed notice that it has entered into an additional Global Reseller Expedited Package Contracts 1 (GREP 1) negotiated service agreement (Agreement).1 To support its Notice, the Postal Service filed a copy of the Agreement, a copy of the Governors’ Decision authorizing the product, a certification of compliance with 39 U.S.C. 3633(a), and an application for non-public treatment of certain materials. It also filed supporting financial workpapers. II. Notice of Commission Action The Commission establishes Docket No. CP2015–31 for consideration of matters raised by the Notice. The Commission invites comments on whether the Postal Service’s filing is consistent with 39 U.S.C. 3632, 3633, or 3642, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comments are due 1 Notice of United States Postal Service of Filing a Functionally Equivalent Global Reseller Expedited Package 1 Negotiated Service Agreement and Application for Non-Public Treatment of Materials Filed Under Seal, January 15, 2015 (Notice). E:\FR\FM\23JAN1.SGM 23JAN1

Agencies

[Federal Register Volume 80, Number 15 (Friday, January 23, 2015)]
[Notices]
[Pages 3664-3666]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01319]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collections for OMB Review; 
Comment Request; Reportable Events; Notice of Failure To Make Required 
Contributions

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intention to request extension of OMB approval of 
revised collections of information.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to 
request that the Office of Management and Budget (OMB) extend approval 
(with modifications), under the Paperwork Reduction Act, of two 
collections of information under PBGC's regulation on Reportable Events 
and Certain Other Notification Requirements (OMB control numbers 1212-
0013 and 1212-0041, expiring March 31, 2015). This notice

[[Page 3665]]

informs the public of PBGC's intent and solicits public comment on the 
collections of information.

DATES: Comments must be submitted by March 24, 2015.

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: Office of the General Counsel, 
Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 
20005-4026.
    Comments received, including personal information provided, will be 
posted to www.pbgc.gov.
    Copies of the collections of information and comments may be 
obtained without charge by writing to Disclosure Division, Office of 
the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street NW., Washington, DC 20005-4026; visiting the Disclosure 
Division; faxing a request to 202-326-4042; or calling 202-326-4040 
during normal business hours. (TTY/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 reportable events regulation, forms, and instructions are 
available at www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: Daniel S. Liebman, Attorney 
(Liebman.Daniel@PBGC.gov), Office of the General Counsel, Pension 
Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-
4026; 202-326-4024. (TTY/TDD users may call the Federal relay service 
toll-free at 1-800-877-8339 and ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: Section 4043 of the Employee Retirement 
Income Security Act of 1974 (ERISA) requires plan administrators and 
plan sponsors to report certain plan and employer events to PBGC. The 
reporting requirements give PBGC notice of events that indicate plan or 
employer financial problems. PBGC uses the information provided in 
determining what, if any, action it needs to take. For example, PBGC 
might need to institute proceedings to terminate a plan (placing it in 
trusteeship) under section 4042 of ERISA to ensure the continued 
payment of benefits to plan participants and their beneficiaries or to 
prevent unreasonable increases in PBGC's losses.
    Section 303(k) of ERISA and section 430(k) of the Internal Revenue 
Code of 1986 (Code) impose a lien in favor of an underfunded single-
employer plan that is covered by the termination insurance program 
under title IV of ERISA if (1) any person fails to make a contribution 
payment when due, and (2) the unpaid balance of that payment (including 
interest), when added to the aggregate unpaid balance of all preceding 
payments for which payment was not made when due (including interest), 
exceeds $1 million. (For this purpose, a plan is underfunded if its 
funding target attainment percentage is less than 100 percent.) The 
lien is upon all property and rights to property belonging to the 
person or persons that are liable for required contributions (i.e., a 
contributing sponsor and each member of the controlled group of which 
that contributing sponsor is a member).
    Only PBGC (or, at its direction, the plan's contributing sponsor or 
a member of the same controlled group) may perfect and enforce this 
lien. ERISA and the Code require persons committing payment failures to 
notify PBGC within 10 days of the due date whenever there is a failure 
to make a required payment and the total of the unpaid balances 
(including interest) exceeds $1 million.
    The provisions of section 4043 of ERISA and of sections 303(k) of 
ERISA and 430(k) of the Code have been implemented in PBGC's regulation 
on Reportable Events and Certain Other Notification Requirements (29 
CFR part 4043). Subparts B and C of the regulation deal with reportable 
events, and subpart D deals with failures to make required 
contributions.
    PBGC has issued Forms 10 and 10-Advance (10-A) and related 
instructions under subparts B and C (approved under OMB control number 
1212-0013) \1\ and Form 200 and related instructions under subpart D 
(approved under OMB control number 1212-0041). OMB approval of both of 
these collections of information expires March 31, 2015. PBGC intends 
to request that OMB extend its approval for three years, with 
modifications. 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.
---------------------------------------------------------------------------

    \1\ Forms 10 and 10-A are optional and may provide for reduced 
initial information submissions.
---------------------------------------------------------------------------

    On April 3, 2013 (at 78 FR 20039), PBGC published a proposed rule 
that would revise its reportable events regulation.\2\ The 2013 
proposal substituted a new system of waivers (safe harbors) to more 
effectively target troubled plans and reduce burden where possible 
without depriving PBGC of the information it needs to protect the 
pension insurance system. PBGC received 13 comment letters on the 2013 
proposal. PBGC also held its first-ever regulatory public hearing, at 
which eight of the commenters discussed their comments. PBGC is 
developing a final rule, taking into account the comments and 
discussion at the public hearing. Because OMB approval of the current 
information collection will expire before the final rule is published, 
it is necessary for PBGC to request that OMB extend its approval.
---------------------------------------------------------------------------

    \2\ The 2013 proposed rule was a reproposal. On November 23, 
2009, PBGC published (at 74 FR 61248) a proposed rule to amend the 
reportable events regulation to accommodate changes to the variable-
rate premium rules made pursuant to the Pension Protection Act of 
2006 (PPA 2006). The rule also proposed to eliminate most automatic 
waivers and filing extensions, create two new reportable events 
based on provisions in PPA 2006, and make other changes to the 
reportable events regulation as well as conforming changes. PBGC 
reconsidered the reportable events regulation in the spirit of 
Executive Order 13563 on Improving Regulation and Regulatory Review 
and in light of the comments to the 2009 proposal.
---------------------------------------------------------------------------

    PBGC intends to revise the current forms and instructions to:
     Require that additional supporting information be provided 
(e.g., event date, notice due date, filing date, and why a filing is 
late, if applicable).
     Require more description of the pertinent facts relating 
to an event (e.g., reason for a late contribution).
     Add an information requirement included in the regulation 
to Forms 10 and 10-A (for change in contributing sponsor or controlled 
group event).
     Provide enhanced instructions on the type of actuarial 
information required to be submitted.
     Include a note in the Form 10-A instructions stating that 
PBGC typically asks for additional information (which will be 
specified) to be submitted within seven days (or sooner, in some 
cases).
     Remove information requirements that PBGC no longer needs 
or can gather from public sources.
     Require a signature and certification on Form 10 and Form 
10-A as to the completeness and accuracy of the contents of the filing.
    PBGC is also intending to make conforming, clarifying, formatting, 
and editorial changes.
    PBGC estimates that it will receive 835 reportable event notices 
per year under subparts B and C of the reportable events regulation 
using Forms 10 and 10-A and that the average annual burden of this 
collection of information is 4,290 hours and $672,000. PBGC estimates 
that it will receive 165 notices of failure to make required 
contributions per year under subpart D of the

[[Page 3666]]

reportable events regulation using Form 200 and that the average annual 
burden of this collection of information is 990 hours and $152,000.
    PBGC is soliciting public comments to--
     Evaluate whether the proposed collections of information 
are 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 proposed collections of information, including the 
validity of the methodologies and assumptions used;
     enhance the quality, utility, and clarity of the 
information to be collected; and
     minimize the burden of the collections of information on 
those who are to respond, including through 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 21 st day of January, 2015.
Judith Starr,
General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2015-01319 Filed 1-22-15; 8:45 am]
BILLING CODE 7709-02-P
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