Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of Single-Employer Plans, 25017 [2017-10785]

Download as PDF Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices a document is referenced. The basis for withdrawal of RGs 5.28, 5.49, and 5.57 is available in ADAMS under Accession No(s). ML17055B973, ML17055B974, and ML17055B968, respectively. • 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: Glenn Tuttle, Office of Nuclear Material Safety and Safeguards, telephone: 301– 415–7230, email: Glenn.Tuttle@nrc.gov, and Mekonen Bayssie, Office of Research, telephone: 301–415–1699, email: Mekonen.Bayssie@nrc.gov. Both are staff of the U.S. Nuclear Regulatory Commission, Washington, DC 20555– 0001. The NRC is withdrawing RGs 5.28, 5.49, and 5.57 because this guidance has been incorporated into RG 5.41, ‘‘Shipping, Receiving, and Internal Transfer of Special Nuclear Material,’’ (ADAMS Accession No. ML16348A213) and RGs 5.28, 5.49, and 5.57 are therefore no longer needed. These three RGs were issued by the NRC staff in the 1970s to 1980s to provide guidance that was considered acceptable for complying with the NRC’s regulations related to the shipment, receipt, and transfer of special nuclear materials. RG 5.41 is being issued to update the guidance that is being withdrawn. A notice issuing RG 5.41 has been published in this issue of the Federal Register (see Docket ID NRC–2016–0189). The withdrawal of RGs 5.28, 5.49, and 5.57 does not alter any prior or existing NRC licensing approval or the acceptability of licensee commitments made regarding the withdrawn guidance. Although RGs 5.28, 5.49, and 5.57 are withdrawn, current licensees referencing these RGs may continue to do so, and withdrawal does not affect any existing licenses or agreements. However, by withdrawing RGs 5.28, 5.49, and 5.57, the NRC no longer approves reliance upon such guidance in future requests or applications for NRC licensing actions. nlaroche on DSK30NT082PROD with NOTICES SUPPLEMENTARY INFORMATION: Dated at Rockville, Maryland, this 25th day of May 2017. For the Nuclear Regulatory Commission. Thomas H. Boyce, Chief, Regulatory Guidance and Generic Issues Branch, Division of Engineering, Office of Nuclear Regulatory Research. [FR Doc. 2017–11225 Filed 5–30–17; 8:45 am] BILLING CODE 7590–01–P VerDate Sep<11>2014 14:54 May 30, 2017 Jkt 241001 PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of SingleEmployer Plans Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval without change. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (‘‘OMB’’) extend approval without change, 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 June 30, 2017. 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. A copy of the request is posted at https://www.pbgc.gov/prac/pg/other/ guidance/paperwork-notices. It may also be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC at 1200 K Street NW., Washington, DC 20005, 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 tollfree at 1–800–877–8339 and ask to be connected to 202–326–4040. The regulation on Liability for Termination of Single-Employer Plans can be found at www.pbgc.gov. 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, extension 3072, or Deborah C. Murphy (murphy.deborah@ pbgc.gov), Assistant General Counsel, same address and phone number, extension 3451. TTY and TDD users may call the Federal relay service tollfree 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 (‘‘ERISA’’) SUMMARY: PO 00000 Frm 00084 Fmt 4703 Sfmt 9990 25017 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 through May 31, 2017. PBGC is requesting 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 $4,440 per respondent, with an average total annual burden of 360 hours and $133,200. Issued in Washington, DC. Deborah Chase Murphy, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2017–10785 Filed 5–30–17; 8:45 am] BILLING CODE 7709–02–P E:\FR\FM\31MYN1.SGM 31MYN1

Agencies

[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Page 25017]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-10785]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Liability for Termination of Single-Employer Plans

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval without change.

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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
that the Office of Management and Budget (``OMB'') extend approval 
without change, 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 June 30, 2017.

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. A copy of the 
request is posted at https://www.pbgc.gov/prac/pg/other/guidance/paperwork-notices. It may also be obtained without charge by writing to 
the Disclosure Division of the Office of the General Counsel of PBGC at 
1200 K Street NW., Washington, DC 20005, 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 regulation on Liability 
for Termination of Single-Employer Plans can be found at www.pbgc.gov.

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, extension 3072, or 
Deborah C. Murphy (murphy.deborah@pbgc.gov), Assistant General Counsel, 
same address and phone number, extension 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 (``ERISA'') 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 through May 31, 2017. 
PBGC is requesting 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 $4,440 per 
respondent, with an average total annual burden of 360 hours and 
$133,200.

    Issued in Washington, DC.
Deborah Chase Murphy,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2017-10785 Filed 5-30-17; 8:45 am]
BILLING CODE 7709-02-P