Proposed Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of Single-Employer Plans, 15724 [2017-06283]
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15724
Federal Register / Vol. 82, No. 60 / Thursday, March 30, 2017 / Notices
IV. Conclusion
Using the reasons set forth in the
combined safety evaluation, the staff
granted the exemptions and issued the
amendments that the licensee requested
on April 18, 2014. The exemptions and
amendments were issued on March 13,
2017, as part of a combined package to
the licensee (ADAMS Accession No.
ML17072A116).
Dated at Rockville, Maryland, this 23rd day
of March 2017.
For the Nuclear Regulatory Commission.
Jennifer Dixon-Herrity,
Chief, Licensing Branch 4, Division of New
Reactor Licensing, Office of New Reactors.
[FR Doc. 2017–06308 Filed 3–29–17; 8:45 am]
BILLING CODE 7590–01–P
PENSION BENEFIT GUARANTY
CORPORATION
Proposed Submission of Information
Collection for OMB Review; Comment
Request; Liability for Termination of
Single-Employer Plans
Pension Benefit Guaranty
Corporation.
ACTION: Notice of intent to request
extension of OMB approval of collection
of information.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) intends to request
that the Office of Management and
Budget (OMB) extend approval, under
the Paperwork Reduction Act, of a
collection of information contained in
its regulation on Liability for
Termination of Single-Employer Plans
(OMB control number 1212–0017;
expires May 31, 2017). This notice
informs the public of PBGC’s intent and
solicits public comment on the
collection of information.
DATES: Comments should be submitted
by May 30, 2017.
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: Regulatory
Affairs Group, Office of the General
Counsel, Pension Benefit Guaranty
Corporation, 1200 K Street NW.,
Washington, DC 20005–4026.
PBGC will make all comments,
including personal information
provided, available on its Web site at
www.pbgc.gov.
asabaliauskas on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
19:09 Mar 29, 2017
Jkt 241001
Copies of 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
or by visiting that office 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.
Jo
Amato Burns burns.jo.amato@pbgc.gov),
Regulatory Affairs Group, Office of the
General Counsel, Pension Benefit
Guaranty Corporation, 1200 K Street
NW., Washington, DC 20005–4026, 202–
326–4400, ext. 3072, or Deborah C.
Murphy (murphy.deborah@pbgc.gov),
Assistant General Counsel, same
address and phone number, ext. 3451.
TTY and TDD users may call the
Federal relay service toll-free at 800–
877–8339 and ask to be connected to
202–326–4400.
FOR FURTHER INFORMATION CONTACT:
Section
4062 of the Employee Retirement
Income Security Act of 1974, as
amended, provides that the contributing
sponsor of a single-employer pension
plan and members of the sponsor’s
controlled group (‘‘the employer’’) incur
liability (‘‘employer liability’’) if the
plan terminates with assets insufficient
to pay benefit liabilities under the plan.
PBGC’s statutory lien for employer
liability and the payment terms for
employer liability are affected by
whether and to what extent employer
liability exceeds 30 percent of the
employer’s net worth.
Section 4062.6 of PBGC’s employer
liability regulation (29 CFR 4062.6)
requires a contributing sponsor, or
member of the contributing sponsor’s
controlled group, that believes employer
liability exceeds 30 percent of the
collective net worth of persons subject
to liability in connection with a plan
termination to so notify PBGC upon
plan termination and to submit net
worth information. This information is
necessary to enable PBGC to determine
whether, and to what extent, employer
liability exceeds 30 percent of the
collective net worth of the employer
(which includes the contributing
sponsor and all and members of the
sponsor’s controlled group).
The collection of information under
the regulation has been approved by
OMB under control number 1212–0017
(expires May 31, 2017). PBGC intends to
request that OMB extend its approval
for another three years. An agency may
not conduct or sponsor, and a person is
not required to respond to, a collection
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00040
Fmt 4703
Sfmt 4703
of information unless it displays a
currently valid OMB control number.
PBGC estimates that an average of
thirty contributing sponsors or
controlled group members per year will
respond to this collection of
information. PBGC further estimates
that the average annual burden of this
collection of information will be 12
hours and $4,400 per respondent, with
an average total annual burden of 360
hours and $133,200.
PBGC is soliciting public comments
to:
• Evaluate whether the 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
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.
Deborah Chase Murphy,
Assistant General Counsel for Regulatory
Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2017–06283 Filed 3–29–17; 8:45 am]
BILLING CODE 7709–02–P
OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: It’s Time To
Sign Up for Direct Deposit or Direct
Express, OPM Form RI 38–128
Office of Personnel
Management.
ACTION: 60-Day notice and request for
comments.
AGENCY:
The Retirement Services,
Office of Personnel Management (OPM)
offers the general public and other
Federal agencies the opportunity to
comment on an extension without
change of a currently approved
information collection (ICR), It’s Time
To Sign Up for Direct Deposit or Direct
Express, OPM Form RI 38–128.
DATES: Comments are encouraged and
will be accepted until May 30, 2017.
ADDRESSES: Interested persons are
invited to submit written comments on
SUMMARY:
E:\FR\FM\30MRN1.SGM
30MRN1
]]>Agencies
[Federal Register Volume 82, Number 60 (Thursday, March 30, 2017)]
[Notices]
[Page 15724]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06283]
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PENSION BENEFIT GUARANTY CORPORATION
Proposed Submission of Information Collection for OMB Review;
Comment Request; Liability for Termination of Single-Employer Plans
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of intent to request extension of OMB approval of
collection of information.
-----------------------------------------------------------------------
SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to
request that the Office of Management and Budget (OMB) extend approval,
under the Paperwork Reduction Act, of a collection of information
contained in its regulation on Liability for Termination of Single-
Employer Plans (OMB control number 1212-0017; expires May 31, 2017).
This notice informs the public of PBGC's intent and solicits public
comment on the collection of information.
DATES: Comments should be submitted by May 30, 2017.
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: Regulatory Affairs Group, Office of
the General Counsel, Pension Benefit Guaranty Corporation, 1200 K
Street NW., Washington, DC 20005-4026.
PBGC will make all comments, including personal information
provided, available on its Web site at www.pbgc.gov.
Copies of 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 or by visiting that office
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.
FOR FURTHER INFORMATION CONTACT: Jo Amato Burns
burns.jo.amato@pbgc.gov), Regulatory Affairs Group, Office of the
General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street
NW., Washington, DC 20005-4026, 202-326-4400, ext. 3072, or Deborah C.
Murphy (murphy.deborah@pbgc.gov), Assistant General Counsel, same
address and phone number, ext. 3451. TTY and TDD users may call the
Federal relay service toll-free at 800-877-8339 and ask to be connected
to 202-326-4400.
SUPPLEMENTARY INFORMATION: Section 4062 of the Employee Retirement
Income Security Act of 1974, as amended, provides that the contributing
sponsor of a single-employer pension plan and members of the sponsor's
controlled group (``the employer'') incur liability (``employer
liability'') if the plan terminates with assets insufficient to pay
benefit liabilities under the plan. PBGC's statutory lien for employer
liability and the payment terms for employer liability are affected by
whether and to what extent employer liability exceeds 30 percent of the
employer's net worth.
Section 4062.6 of PBGC's employer liability regulation (29 CFR
4062.6) requires a contributing sponsor, or member of the contributing
sponsor's controlled group, that believes employer liability exceeds 30
percent of the collective net worth of persons subject to liability in
connection with a plan termination to so notify PBGC upon plan
termination and to submit net worth information. This information is
necessary to enable PBGC to determine whether, and to what extent,
employer liability exceeds 30 percent of the collective net worth of
the employer (which includes the contributing sponsor and all and
members of the sponsor's controlled group).
The collection of information under the regulation has been
approved by OMB under control number 1212-0017 (expires May 31, 2017).
PBGC intends to request that OMB extend its approval for another three
years. 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 an average of thirty contributing sponsors or
controlled group members per year will respond to this collection of
information. PBGC further estimates that the average annual burden of
this collection of information will be 12 hours and $4,400 per
respondent, with an average total annual burden of 360 hours and
$133,200.
PBGC is soliciting public comments to:
Evaluate whether the 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 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.
Deborah Chase Murphy,
Assistant General Counsel for Regulatory Affairs, Pension Benefit
Guaranty Corporation.
[FR Doc. 2017-06283 Filed 3-29-17; 8:45 am]
BILLING CODE 7709-02-P
