Agency Information Collection Activities; Submission for OMB Review; Comment Request; Loans To Plan Participants and Beneficiaries Who Are Parties in Interest With Respect to the Plan Regulation, 10409-10410 [2017-02810]
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Federal Register / Vol. 82, No. 27 / Friday, February 10, 2017 / Notices
Department of Labor—OASAM, Office
of the Chief Information Officer, Attn:
Departmental Information Compliance
Management Program, Room N1301,
200 Constitution Avenue NW.,
Washington, DC 20210; or by email:
DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT:
Michel Smyth by telephone at 202–693–
4129, TTY 202–693–8064, (these are not
toll-free numbers) or sending an email
to DOL_PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
This ICR
seeks approval under the PRA for
revisions to the National Longitudinal
Survey of Youth 1997 (NLSY97)
information collection. The NLSY97
includes respondents who were born
from 1980 through 1984 and lived in the
United States when the survey began in
1997. The primary objective of the
survey is to study the transition from
full-time schooling to the establishment
of careers and families. The longitudinal
focus of the survey requires information
to be collected about the same
individuals over many years in order to
trace their education, training, work
experience, fertility, income, and
program participation. Research based
on the NLSY97 contributes to the
formation of national policy in the areas
of education, training, employment
programs, and school-to-work
transitions. This information collection
has been classified as a revision,
because the NLSY97 will transition
from interviews being conducted
primarily in-person to being conducted
primarily by telephone. The move to
predominantly telephone interviewing
results in slightly longer timings,
because the interviewer will administer
components that were previously selfadministered by respondents. The
change in the data collection mode has
also resulted in edits to the
questionnaire in order to adapt the
Round 18 instrument for predominantly
telephone administration. The BLS
Authorizing Statue authorizes this
information collection. See 29 U.S.C. 1,
2.
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information that does not
display a valid Control Number. See 5
mstockstill on DSK3G9T082PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
18:35 Feb 09, 2017
Jkt 241001
CFR 1320.5(a) and 1320.6. The DOL
obtains OMB approval for this
information collection under Control
Number 1220–0157. The current
approval is scheduled to expire on May
31, 2017; however, the DOL notes that
existing information collection
requirements submitted to the OMB
receive a month-to-month extension
while they undergo review. New
requirements would only take effect
upon OMB approval. For additional
substantive information about this ICR,
see the related notice published in the
Federal Register on August 19, 2016 (81
FR 55485).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within thirty (30) days of
publication of this notice in the Federal
Register. In order to help ensure
appropriate consideration, comments
should mention OMB Control Number
1220–0157. The OMB is particularly
interested in comments that:
• Evaluate whether the proposed
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
proposed 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 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.
Agency: DOL–BLS.
Title of Collection: National
Longitudinal Survey of Youth 1997.
OMB Control Number: 1220–0157.
Affected Public: Individuals or
Households.
Total Estimated Number of
Respondents: 7,130.
Total Estimated Number of
Responses: 7,269.
Total Estimated Annual Time Burden:
8,565 hours.
Total Estimated Annual Other Costs
Burden: $0.
Dated: February 6, 2017.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2017–02807 Filed 2–9–17; 8:45 am]
BILLING CODE 4510–24–P
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10409
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Loans To
Plan Participants and Beneficiaries
Who Are Parties in Interest With
Respect to the Plan Regulation
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled, ‘‘Loans to
Plan Participants and Beneficiaries Who
Are Parties In Interest With Respect to
The Plan Regulation,’’ to the Office of
Management and Budget (OMB) for
review and approval for continued use,
without change, in accordance with the
Paperwork Reduction Act of 1995
(PRA), 44 U.S.C. 3501 et seq. Public
comments on the ICR are invited.
DATES: The OMB will consider all
written comments that agency receives
on or before March 13, 2017.
ADDRESSES: A copy of this ICR with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained free of charge from the
RegInfo.gov Web site at https://
www.reginfo.gov/public/do/
PRAViewICR?ref_nbr=201701-1210-003
(this link will only become active on the
day following publication of this notice)
or by contacting Michel Smyth by
telephone at 202–693–4129, TTY 202–
693–8064, (these are not toll-free
numbers) or by email at DOL_PRA_
PUBLIC@dol.gov.
Submit comments about this request
by mail or courier to the Office of
Information and Regulatory Affairs,
Attn: OMB Desk Officer for DOL–EBSA,
Office of Management and Budget,
Room 10235, 725 17th Street NW.,
Washington, DC 20503; by Fax: 202–
395–5806 (this is not a toll-free
number); or by email: OIRA_
submission@omb.eop.gov. Commenters
are encouraged, but not required, to
send a courtesy copy of any comments
by mail or courier to the U.S.
Department of Labor—OASAM, Office
of the Chief Information Officer, Attn:
Departmental Information Compliance
Management Program, Room N1301,
200 Constitution Avenue NW.,
Washington, DC 20210; or by email:
DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT:
Michel Smyth by telephone at 202–693–
4129, TTY 202–693–8064, (these are not
SUMMARY:
E:\FR\FM\10FEN1.SGM
10FEN1
10410
Federal Register / Vol. 82, No. 27 / Friday, February 10, 2017 / Notices
toll-free numbers) or by email at DOL_
PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
This ICR
seeks to extend PRA authority for the
Loans to Plan Participants and
Beneficiaries Who Are Parties In Interest
With Respect to The Plan Regulation
information collection. More
specifically, the ICR is for the
information collections contained in the
regulation related to plan participants
and beneficiaries who are parties in
interest with respect to the plan, 29 CFR
2550.408b–1. The Employee Retirement
Income Security Act (ERISA) prohibits a
plan fiduciary from causing the plan to
engage in a transaction, if the fiduciary
knows or should know the transaction
constitutes a direct or indirect loan or
extension of credit between the plan
and a party in interest. ERISA section
408(b)(1) exempts from this prohibition
a loan from a plan to a party in interest
who is also a plan participant or
beneficiary, provided satisfaction of
certain requirements. DOL regulations
implementing the statutory provision
provide additional guidance.
Specifically, regulations 29 CFR
2550.408b–1(d) prescribes eight specific
provisions that must be included in the
plan documents, including: (1) An
explicit authorization for the plan
fiduciary responsible for investing plan
assets to establish such a loan program,
(2) the identity of the person or position
authorized to administer the program,
(3) a procedure for applying for loans,
(4) the basis on which loans will be
approved or denied, (5) limitations, if
any, on the types and amounts of loans
offered, (6) the procedure for
determining a reasonable interest rate,
(7) types of collateral that may secure a
participant loan, and (8) the events
constituting default and the steps that
will be taken to preserve plan assets in
the event of such default. ERISA section
408(a) authorizes this information
collection. See 29 U.S.C. 1108(a).
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information that does not
display a valid Control Number. See 5
CFR 1320.5(a) and 1320.6. The DOL
obtains OMB approval for this
mstockstill on DSK3G9T082PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
18:35 Feb 09, 2017
Jkt 241001
information collection under Control
Number 1210–0076.
OMB authorization for an ICR cannot
be for more than three (3) years without
renewal, and the current approval for
this collection is scheduled to expire on
February 28, 2017. The DOL seeks to
extend PRA authorization for this
information collection for three (3) more
years, without any change to existing
requirements. The DOL notes that
existing information collection
requirements submitted to the OMB
receive a month-to-month extension
while they undergo review. For
additional substantive information
about this ICR, see the related notice
published in the Federal Register on
October 28, 2016 (81 FR 75157).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within thirty (30) days of
publication of this notice in the Federal
Register. In order to help ensure
appropriate consideration, comments
should mention OMB Control Number
1210–0076. The OMB is particularly
interested in comments that:
• Evaluate whether the proposed
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
proposed 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 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.
Agency: DOL–EBSA.
Title of Collection: Loans to Plan
Participants and Beneficiaries Who Are
Parties In Interest With Respect to The
Plan Regulation.
OMB Control Number: 1210–0076.
Affected Public: Private Sector—
businesses or other for-profits and notfor-profit institutions.
Total Estimated Number of
Respondents: 2,556.
Total Estimated Number of
Responses: 2,556.
Total Estimated Annual Time
Burden: 0.
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Total Estimated Annual Other Costs
Burden: $1,023,678.
Dated: February 6, 2017.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2017–02810 Filed 2–9–17; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Office of Workers’ Compensation
Programs
Division of Longshore and Harbor
Workers’ Compensation Proposed
Collection; Comment Request
ACTION:
Notice.
The Department of Labor, as
part of its continuing effort to reduce
paperwork and respondent burden,
conducts a preclearance consultation
program to provide the general public
and Federal agencies with an
opportunity to comment on proposed
and/or continuing collections of
information in accordance with the
paperwork Reduction Act of 1995
(PRA95) [44 U.S.C. 3506(c)(2)(A)] This
program helps to ensure that requested
data can be provided in the desired
format, reporting burden (time and
financial resources) is minimized,
collection instruments are clearly
understood, and the impact of collection
requirements on respondents can be
properly assessed. Currently, the Office
of Workers’ Compensation (OWCP) is
soliciting comments concerning the
proposed collection: Certification of
Funeral Expenses (LS–265). A copy of
the proposed information collection
request can be obtained by contacting
the office listed below in the address
section of this Notice.
DATES: Written comments must be
submitted to the office listed in the
addresses section below on or before
April 11, 2017.
ADDRESSES: Ms. Yoon Ferguson, U.S.
Department of Labor, 200 Constitution
Ave. NW., Room S–3201, Washington,
DC 20210, telephone/fax (202) 354–
9647, Email ferguson.yoon@dol.gov.
Please use only one method of
transmission for comments (mail, fax, or
Email).
SUPPLEMENTARY INFORMATION:
I. Background: The Office of Workers’
Compensation Programs, (OWCP)
administers the Longshore and Harbor
Workers’ Compensation Act. The Act
provides benefits to workers injured in
maritime employment on the navigable
waters of the United States or in an
adjoining area customarily used by an
SUMMARY:
E:\FR\FM\10FEN1.SGM
10FEN1
]]>Agencies
[Federal Register Volume 82, Number 27 (Friday, February 10, 2017)]
[Notices]
[Pages 10409-10410]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02810]
-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Loans To Plan Participants and Beneficiaries
Who Are Parties in Interest With Respect to the Plan Regulation
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration (EBSA) sponsored information
collection request (ICR) titled, ``Loans to Plan Participants and
Beneficiaries Who Are Parties In Interest With Respect to The Plan
Regulation,'' to the Office of Management and Budget (OMB) for review
and approval for continued use, without change, in accordance with the
Paperwork Reduction Act of 1995 (PRA), 44 U.S.C. 3501 et seq. Public
comments on the ICR are invited.
DATES: The OMB will consider all written comments that agency receives
on or before March 13, 2017.
ADDRESSES: A copy of this ICR with applicable supporting documentation;
including a description of the likely respondents, proposed frequency
of response, and estimated total burden may be obtained free of charge
from the RegInfo.gov Web site at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=201701-1210-003 (this link will only become active
on the day following publication of this notice) or by contacting
Michel Smyth by telephone at 202-693-4129, TTY 202-693-8064, (these are
not toll-free numbers) or by email at DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request by mail or courier to the Office
of Information and Regulatory Affairs, Attn: OMB Desk Officer for DOL-
EBSA, Office of Management and Budget, Room 10235, 725 17th Street NW.,
Washington, DC 20503; by Fax: 202-395-5806 (this is not a toll-free
number); or by email: OIRA_submission@omb.eop.gov. Commenters are
encouraged, but not required, to send a courtesy copy of any comments
by mail or courier to the U.S. Department of Labor--OASAM, Office of
the Chief Information Officer, Attn: Departmental Information
Compliance Management Program, Room N1301, 200 Constitution Avenue NW.,
Washington, DC 20210; or by email: DOL_PRA_PUBLIC@dol.gov.
FOR FURTHER INFORMATION CONTACT: Michel Smyth by telephone at 202-693-
4129, TTY 202-693-8064, (these are not
[[Page 10410]]
toll-free numbers) or by email at DOL_PRA_PUBLIC@dol.gov.
Authority: 44 U.S.C. 3507(a)(1)(D).
SUPPLEMENTARY INFORMATION: This ICR seeks to extend PRA authority for
the Loans to Plan Participants and Beneficiaries Who Are Parties In
Interest With Respect to The Plan Regulation information collection.
More specifically, the ICR is for the information collections contained
in the regulation related to plan participants and beneficiaries who
are parties in interest with respect to the plan, 29 CFR 2550.408b-1.
The Employee Retirement Income Security Act (ERISA) prohibits a plan
fiduciary from causing the plan to engage in a transaction, if the
fiduciary knows or should know the transaction constitutes a direct or
indirect loan or extension of credit between the plan and a party in
interest. ERISA section 408(b)(1) exempts from this prohibition a loan
from a plan to a party in interest who is also a plan participant or
beneficiary, provided satisfaction of certain requirements. DOL
regulations implementing the statutory provision provide additional
guidance. Specifically, regulations 29 CFR 2550.408b-1(d) prescribes
eight specific provisions that must be included in the plan documents,
including: (1) An explicit authorization for the plan fiduciary
responsible for investing plan assets to establish such a loan program,
(2) the identity of the person or position authorized to administer the
program, (3) a procedure for applying for loans, (4) the basis on which
loans will be approved or denied, (5) limitations, if any, on the types
and amounts of loans offered, (6) the procedure for determining a
reasonable interest rate, (7) types of collateral that may secure a
participant loan, and (8) the events constituting default and the steps
that will be taken to preserve plan assets in the event of such
default. ERISA section 408(a) authorizes this information collection.
See 29 U.S.C. 1108(a).
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless it is approved by the OMB under the PRA and displays
a currently valid OMB Control Number. In addition, notwithstanding any
other provisions of law, no person shall generally be subject to
penalty for failing to comply with a collection of information that
does not display a valid Control Number. See 5 CFR 1320.5(a) and
1320.6. The DOL obtains OMB approval for this information collection
under Control Number 1210-0076.
OMB authorization for an ICR cannot be for more than three (3)
years without renewal, and the current approval for this collection is
scheduled to expire on February 28, 2017. The DOL seeks to extend PRA
authorization for this information collection for three (3) more years,
without any change to existing requirements. The DOL notes that
existing information collection requirements submitted to the OMB
receive a month-to-month extension while they undergo review. For
additional substantive information about this ICR, see the related
notice published in the Federal Register on October 28, 2016 (81 FR
75157).
Interested parties are encouraged to send comments to the OMB,
Office of Information and Regulatory Affairs at the address shown in
the ADDRESSES section within thirty (30) days of publication of this
notice in the Federal Register. In order to help ensure appropriate
consideration, comments should mention OMB Control Number 1210-0076.
The OMB is particularly interested in comments that:
Evaluate whether the proposed 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 proposed 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 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.
Agency: DOL-EBSA.
Title of Collection: Loans to Plan Participants and Beneficiaries
Who Are Parties In Interest With Respect to The Plan Regulation.
OMB Control Number: 1210-0076.
Affected Public: Private Sector--businesses or other for-profits
and not-for-profit institutions.
Total Estimated Number of Respondents: 2,556.
Total Estimated Number of Responses: 2,556.
Total Estimated Annual Time Burden: 0.
Total Estimated Annual Other Costs Burden: $1,023,678.
Dated: February 6, 2017.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2017-02810 Filed 2-9-17; 8:45 am]
BILLING CODE 4510-29-P
