Proposed Submission of Information Collection for OMB Review; Comment Request; Annual Reporting (Form 5500 Series), 43798-43800 [2017-19884]
Download as PDF
43798
Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices
White Flint North, 11555 Rockville
Pike, Rockville, Maryland 20852.
• NRC’s Clearance Officer: A copy of
the collection of information and related
instructions may be obtained without
charge by contacting the NRC’s
Clearance Officer, David Cullison,
Office of the Chief Information Officer,
U.S. Nuclear Regulatory Commission,
Washington, DC 20555–0001; telephone:
301–415–2084; email:
INFOCOLLECTS.Resource@nrc.gov.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
B. Submitting Comments
The NRC cautions you not to include
identifying or contact information that
you do not want to be publicly
disclosed in your comment submission.
The NRC posts all comment
submissions at https://
www.regulations.gov as well as entering
the comment submissions into ADAMS.
The NRC does not routinely edit
comment submissions to remove
identifying or contact information.
If you are requesting or aggregating
comments from other persons for
submission to the OMB, then you
should inform those persons not to
include identifying or contact
information that they do not want to be
publicly disclosed in their comment
submission. Your request should state
that the NRC does not routinely edit
comment submissions to remove such
information before making the comment
submissions available to the public or
entering the comment submissions into
ADAMS.
II. Background
Under the provisions of the
Paperwork Reduction Act of 1995 (44
U.S.C. Chapter 35), the NRC recently
submitted a request for renewal of an
existing collection of information to
OMB for review entitled, ‘‘Fitness-forDuty Programs.’’ The NRC hereby
informs potential respondents that an
agency may not conduct or sponsor, and
that a person is not required to respond
to, a collection of information unless it
displays a currently valid OMB control
number.
The NRC published a Federal
Register (FR) notice with a 60-day
comment period on this information
collection on June 1, 2017, 82 FR 25345.
1. The title of the information
collection: 10 CFR part 26, ‘‘Fitness-forDuty Programs.’’
2. OMB approval number: 3150–0146.
3. Type of submission: Extension.
4. The form number if applicable:
NRC Form 890, ‘‘Single Positive Test
Form,’’ NRC Form 891, ‘‘Annual
Reporting Form for Drug and Alcohol
Tests,’’ and NRC Form 892, ‘‘Annual
Fatigue Reporting Form.’’
VerDate Sep<11>2014
17:12 Sep 18, 2017
Jkt 241001
5. How often the collection is required
or requested: Annually and on occasion.
The NRC receives reports on an annual
basis that detail fitness-for-duty (FFD)
program performance. The NRC also
receives, on occasion, reports associated
with FFD policy violations or
programmatic failures. Depending on
the type of violation or programmatic
failure, the report would be made
within 24 hours of the event occurrence,
or within 30 days of completing an
investigation into the programmatic
failure.
6. Who will be required or asked to
respond: Nuclear power reactor
licensees licensed under parts 50 and 52
of title 10 of the Code of Federal
Regulations (10 CFR) (except those who
have permanently ceased operations
and have verified that fuel has been
permanently removed from the reactor);
all holders of nuclear power plant
construction permits and early site
permits with a limited work
authorization and applicants for nuclear
power plant construction permits that
have a limited work authorization under
the provisions of 10 CFR part 50; all
holders of a combined license for a
nuclear power plant issued under 10
CFR part 52 and applicants for a
combined license that have a limited
work authorization; all licensees who
are authorized to possess, use, or
transport formula quantities of strategic
special nuclear material (SSNM) under
the provisions of 10 CFR part 70; all
holders of a certificate of compliance of
an approved compliance plan issued
under 10 CFR part 76, if the holder
engages in activities involving formula
quantities of SSNM; and all contractor/
vendors (C/Vs) who implement FFD
programs or program elements to the
extent that the licensees and other
entities listed in this paragraph rely on
those C/V FFD programs or program
elements to comply with 10 CFR part
26.
7. The estimated number of annual
responses: 441,833 responses (215
reporting responses + 49 recordkeepers
+ 441,569 third-party disclosure
responses).
8. The estimated number of annual
respondents: 88,229 respondents (28
drug and alcohol testing programs + 21
fatigue management programs + 88,180
third-party disclosure respondents).
9. An estimate of the total number of
hours needed annually to comply with
the information collection requirement
or request: 719,195.9 hours (6,168.0
hours reporting + 220,998.5 hours
recordkeeping + 492,029.4 hours thirdparty disclosure).
10. Abstract: The NRC’s regulations in
10 CFR part 26 prescribe requirements
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
to establish, implement, and maintain
FFD programs at affected licensees and
other entities. The objectives of these
requirements are to provide reasonable
assurance that persons subject to the
rule are trustworthy, reliable, and not
under the influence of any substance,
legal or illegal, or mentally or physically
impaired from any cause, which in any
way could adversely affect their ability
to safely and competently perform their
duties. These requirements also provide
reasonable assurance that the effects of
fatigue and degraded alertness on
individuals’ abilities to safely and
competently perform their duties are
managed commensurate with
maintaining public health and safety.
The information collections required by
10 CFR part 26 are necessary to properly
manage FFD programs and to enable
effective and efficient regulatory
oversight of affected licensees and other
entities. These licensees and other
entities must perform certain tasks,
maintain records, and submit reports to
comply with 10 CFR part 26 drug and
alcohol and fatigue management
requirements. These records and reports
are necessary to enable regulatory
inspection and evaluation of a licensee’s
or other entity’s compliance with NRC
regulations, FFD performance, and
significant FFD-related events to help
maintain public health and safety,
promote the common defense and
security, and protect the environment.
Dated at Rockville, Maryland, this 14th day
of September, 2017.
For the Nuclear Regulatory Commission.
David Cullison,
NRC Clearance Officer, Office of the Chief
Information Officer.
[FR Doc. 2017–19929 Filed 9–18–17; 8:45 am]
BILLING CODE 7590–01–P
PENSION BENEFIT GUARANTY
CORPORATION
Proposed Submission of Information
Collection for OMB Review; Comment
Request; Annual Reporting (Form 5500
Series)
Pension Benefit Guaranty
Corporation.
ACTION: Notice of intent to request
extension of OMB approval, with
modifications.
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 1995, of its collection
of information for Annual Reporting
under OMB control number 1212–0057,
SUMMARY:
E:\FR\FM\19SEN1.SGM
19SEN1
asabaliauskas on DSKBBXCHB2PROD with NOTICES
Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices
which expires on August 31, 2020. This
notice informs the public of PBGC’s
intent and solicits public comment on
the collection of information.
DATES: Comments must be submitted by
November 20, 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.
• Mail or Hand Delivery: Regulatory
Affairs Division, Office of the General
Counsel, Pension Benefit Guaranty
Corporation, 1200 K Street NW.,
Washington, DC 20005–4026.
PBGC will make all comments
available on its Web site at https://
www.pbgc.gov.
Copies of the collection of
information and comments may be
obtained without charge by writing to
the Disclosure Division of the Office of
the General Counsel, Pension Benefit
Guaranty Corporation, 1200 K Street
NW., Washington, DC 20005–4026, or
by 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.)
FOR FURTHER INFORMATION CONTACT: Jo
Amato Burns (burns.jo.amato@
pbgc.gov), Attorney, Regulatory Affairs
Division, Office of the General Counsel,
Pension Benefit Guaranty Corporation,
1200 K Street NW., Washington, DC
20005–4026, 202–326–4400, extension
3072. (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, extension 3072.)
SUPPLEMENTARY INFORMATION: Annual
reporting to the Internal Revenue
Service (IRS), the Employee Benefits
Security Administration (EBSA), and
the Pension Benefit Guaranty
Corporation (PBGC) is required by law
for most employee benefit plans. For
example, section 4065 of the Employee
Retirement Income Security Act of 1974
requires annual reporting to PBGC for
pension plans covered by title IV of
ERISA. To accommodate these filing
requirements, PBGC, IRS, and EBSA
have jointly promulgated the Form 5500
Series, which includes the Form 5500
Annual Return/Report of Employee
Benefit Plan and the Form 5500–SF
Short Form Annual Return/Report of
Small Employee Benefit Plan.
The collection of information has
been approved by OMB under control
number 1212–0057 through August 31,
VerDate Sep<11>2014
17:12 Sep 18, 2017
Jkt 241001
2020. PBGC intends to request that OMB
extend its approval, with modifications,
for 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 is proposing two modifications
to the 2017 Schedule MB
(Multiemployer Defined Benefit Plan
Actuarial Information) instructions and
one modification to the Schedule SB
(Single Employer Defined Benefit Plan
Actuarial Information) instructions.
These modifications affect
multiemployer defined benefit plans
and single-employer defined benefit
plans covered by Title IV of ERISA.
With regard to the Schedule MB
instructions, PBGC is proposing to
change the instructions to require new
attachments in two situations as
explained below:
• If any of the contributions reported
in Line 3 (Contributions Made to Plan)
include amounts owed for withdrawal
liability, PBGC is proposing to require
plan administrators to report for each
reported contribution (on an attachment
to Line 3), the aggregate amount of
withdrawal liability payments included
in such contribution. This will enable
PBGC to allocate the reported
contributions between regular
contributions and withdrawal liability
payments and is consistent with intent
of Line 3 to provide contribution
information for projection purposes.
Ongoing contributions are expected
annually from ongoing employers.
Withdrawal liability payments are
contributions paid by employers who
have withdrawn from the plan and thus,
at some point, will stop contributing.
Separating withdrawal payments from
contributions will assist in projections
of future ongoing contributions and also
will provide information regarding
withdrawing employers.
• For multiemployer plans in Critical
or Critical and Declining status (i.e.,
where Code C (Critical Status) or Code
D (Critical and Declining Status) is
entered on Line 4b), the current
Schedule MB instructions require that
plans report the year a troubled
multiemployer plan is projected to
become insolvent or emerge from
troubled status on Line 4f. However,
there is no requirement to provide
supporting documentation for these
projections. PBGC is proposing that
basic supporting documentation be
included as an attachment to Line 4f.
Such plans would be required to report
in the attachment:
Æ Year-by-year cash flow projections
for the period ending with whichever is
applicable: The year the plan is
PO 00000
Frm 00062
Fmt 4703
Sfmt 4703
43799
projected to emerge from Critical or
Critical and Declining Status or the year
the plan is projected to become
insolvent, and
Æ A summary of the assumptions
underlying these projections.
PBGC is proposing the addition of this
information to enable PBGC to better
project the impact on participants and
PBGC’s insurance system.
With regard to the Schedule SB
instructions, PBGC is proposing to
change the instructions related to an
attachment that is currently required of
plans for which the IRS has granted
permission to use a substitute mortality
table. The current instructions for
Schedule SB, item 23, describe the
information that is to be included in the
attachment. Those instructions reflect
the current IRS regulation on the use of
substitute mortality tables, 26 CFR
1.430(h)(3)–2. The proposed changes to
the Schedule SB are based on
amendments to the IRS mortality table
regulations that are proposed to become
effective on 1/1/2018. If the regulations
are not effective on 1/1/2018, then the
proposed changes to the Schedule SB
will be deleted from the final Form 5500
instructions. PBGC is proposing to
require plans to report additional
information (consistent with the
amended regulation) as part of the item
23 attachment. The addition of
information will allow PBGC to
reconstruct the substitute table for
which the plan has sought IRS approval.
This will enable PBGC to better predict
future funding requirements and the
impact on participants and the
insurance system.
It is anticipated that the information
requested by the proposed changes
described above will be available to the
plan and will merely require that the
plan insert information it already has
into the attachments described.
PBGC estimates that it will receive
approximately 23,700 Form 5500 and
Form 5500–SF filings per year under
this collection of information. PBGC
further estimates that the total annual
burden of this collection of information
will be 1,300 hours and $1,613,000.
PBGC is soliciting public comments
to—
• 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
methodologies and assumptions used;
E:\FR\FM\19SEN1.SGM
19SEN1
43800
Federal Register / Vol. 82, No. 180 / Tuesday, September 19, 2017 / Notices
• 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.
Issued in Washington, DC.
Daniel Liebman,
Acting Assistant General Counsel for
Regulatory Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2017–19884 Filed 9–18–17; 8:45 am]
BILLING CODE 7709–02–P
POSTAL SERVICE
Product Change—Priority Mail Express
and Priority Mail Negotiated Service
Agreement
Postal ServiceTM.
ACTION: Notice.
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
POSTAL SERVICE
Date of notice required under 39
U.S.C. 3642(d)(1): September 19, 2017.
ACTION:
DATES:
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 13,
2017, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Contract 357 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2017–200,
CP2017–303.
SUPPLEMENTARY INFORMATION:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017–19849 Filed 9–18–17; 8:45 am]
BILLING CODE 7710–12–P
AGENCY:
POSTAL SERVICE
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of notice required under 39
U.S.C. 3642(d)(1): September 19, 2017.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 13,
2017, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Express & Priority Mail Contract 51
to Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2017–202, CP2017–305.
SUMMARY:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017–19851 Filed 9–18–17; 8:45 am]
asabaliauskas on DSKBBXCHB2PROD with NOTICES
BILLING CODE 7710–12–P
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
Postal ServiceTM.
Notice.
AGENCY:
ACTION:
The Postal Service gives
notice of filing a request with the Postal
17:12 Sep 18, 2017
Jkt 241001
Postal ServiceTM.
Notice.
AGENCY:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of notice required under 39
U.S.C. 3642(d)(1): September 19, 2017.
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 13,
2017, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail Contract 356 to Competitive
Product List. Documents are available at
www.prc.gov, Docket Nos. MC2017–199,
CP2017–302.
SUMMARY:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2017–19848 Filed 9–18–17; 8:45 am]
BILLING CODE 7710–12–P
AGENCY:
ACTION:
Postal ServiceTM.
Notice.
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
SUMMARY:
Date of notice required under 39
U.S.C. 3642(d)(1): September 19, 2017.
DATES:
FOR FURTHER INFORMATION CONTACT:
Elizabeth A. Reed, 202–268–3179.
The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on September 13,
2017, it filed with the Postal Regulatory
Commission a Request of the United
States Postal Service to Add Priority
Mail & First-Class Package Service
Contract 57 to Competitive Product List.
Documents are available at
www.prc.gov, Docket Nos. MC2017–201,
CP2017–304.
SUPPLEMENTARY INFORMATION:
Elizabeth A. Reed,
Attorney, Corporate and Postal Business Law.
SUMMARY:
VerDate Sep<11>2014
Product Change—Priority Mail and
First-Class Package Service
Negotiated Service Agreement
Product Change—Priority Mail
Negotiated Service Agreement
[FR Doc. 2017–19850 Filed 9–18–17; 8:45 am]
Frm 00063
Fmt 4703
[Release No. 34–81605; File No. SR–ISE–
2017–81]
Self-Regulatory Organizations; Nasdaq
ISE, LLC; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Amend Its Schedule of
Fees To Increase the Priority Customer
Taker Fee for Regular Orders in SPY
September 13, 2017.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
notice is hereby given that on
September 1, 2017, Nasdaq ISE, LLC
(‘‘ISE’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II,
below, which Items have been prepared
by the Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
1 15
2 17
BILLING CODE 7710–12–P
PO 00000
SECURITIES AND EXCHANGE
COMMISSION
Sfmt 4703
E:\FR\FM\19SEN1.SGM
U.S.C. 78s(b)(1).
CFR 240.19b–4.
19SEN1
Agencies
[Federal Register Volume 82, Number 180 (Tuesday, September 19, 2017)]
[Notices]
[Pages 43798-43800]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-19884]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
Proposed Submission of Information Collection for OMB Review;
Comment Request; Annual Reporting (Form 5500 Series)
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of intent to request extension of OMB approval, with
modifications.
-----------------------------------------------------------------------
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 1995, of its
collection of information for Annual Reporting under OMB control number
1212-0057,
[[Page 43799]]
which expires on August 31, 2020. This notice informs the public of
PBGC's intent and solicits public comment on the collection of
information.
DATES: Comments must be submitted by November 20, 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.
Mail or Hand Delivery: Regulatory Affairs Division, Office
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K
Street NW., Washington, DC 20005-4026.
PBGC will make all comments available on its Web site at https://www.pbgc.gov.
Copies of the collection of information and comments may be
obtained without charge by writing to the Disclosure Division of the
Office of the General Counsel, Pension Benefit Guaranty Corporation,
1200 K Street NW., Washington, DC 20005-4026, or by 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), Attorney, Regulatory Affairs Division,
Office of the General Counsel, Pension Benefit Guaranty Corporation,
1200 K Street NW., Washington, DC 20005-4026, 202-326-4400, extension
3072. (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, extension
3072.)
SUPPLEMENTARY INFORMATION: Annual reporting to the Internal Revenue
Service (IRS), the Employee Benefits Security Administration (EBSA),
and the Pension Benefit Guaranty Corporation (PBGC) is required by law
for most employee benefit plans. For example, section 4065 of the
Employee Retirement Income Security Act of 1974 requires annual
reporting to PBGC for pension plans covered by title IV of ERISA. To
accommodate these filing requirements, PBGC, IRS, and EBSA have jointly
promulgated the Form 5500 Series, which includes the Form 5500 Annual
Return/Report of Employee Benefit Plan and the Form 5500-SF Short Form
Annual Return/Report of Small Employee Benefit Plan.
The collection of information has been approved by OMB under
control number 1212-0057 through August 31, 2020. PBGC intends to
request that OMB extend its approval, with modifications, for 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 is proposing two modifications to the 2017 Schedule MB
(Multiemployer Defined Benefit Plan Actuarial Information) instructions
and one modification to the Schedule SB (Single Employer Defined
Benefit Plan Actuarial Information) instructions. These modifications
affect multiemployer defined benefit plans and single-employer defined
benefit plans covered by Title IV of ERISA.
With regard to the Schedule MB instructions, PBGC is proposing to
change the instructions to require new attachments in two situations as
explained below:
If any of the contributions reported in Line 3
(Contributions Made to Plan) include amounts owed for withdrawal
liability, PBGC is proposing to require plan administrators to report
for each reported contribution (on an attachment to Line 3), the
aggregate amount of withdrawal liability payments included in such
contribution. This will enable PBGC to allocate the reported
contributions between regular contributions and withdrawal liability
payments and is consistent with intent of Line 3 to provide
contribution information for projection purposes.
Ongoing contributions are expected annually from ongoing employers.
Withdrawal liability payments are contributions paid by employers who
have withdrawn from the plan and thus, at some point, will stop
contributing. Separating withdrawal payments from contributions will
assist in projections of future ongoing contributions and also will
provide information regarding withdrawing employers.
For multiemployer plans in Critical or Critical and
Declining status (i.e., where Code C (Critical Status) or Code D
(Critical and Declining Status) is entered on Line 4b), the current
Schedule MB instructions require that plans report the year a troubled
multiemployer plan is projected to become insolvent or emerge from
troubled status on Line 4f. However, there is no requirement to provide
supporting documentation for these projections. PBGC is proposing that
basic supporting documentation be included as an attachment to Line 4f.
Such plans would be required to report in the attachment:
[cir] Year-by-year cash flow projections for the period ending with
whichever is applicable: The year the plan is projected to emerge from
Critical or Critical and Declining Status or the year the plan is
projected to become insolvent, and
[cir] A summary of the assumptions underlying these projections.
PBGC is proposing the addition of this information to enable PBGC
to better project the impact on participants and PBGC's insurance
system.
With regard to the Schedule SB instructions, PBGC is proposing to
change the instructions related to an attachment that is currently
required of plans for which the IRS has granted permission to use a
substitute mortality table. The current instructions for Schedule SB,
item 23, describe the information that is to be included in the
attachment. Those instructions reflect the current IRS regulation on
the use of substitute mortality tables, 26 CFR 1.430(h)(3)-2. The
proposed changes to the Schedule SB are based on amendments to the IRS
mortality table regulations that are proposed to become effective on 1/
1/2018. If the regulations are not effective on 1/1/2018, then the
proposed changes to the Schedule SB will be deleted from the final Form
5500 instructions. PBGC is proposing to require plans to report
additional information (consistent with the amended regulation) as part
of the item 23 attachment. The addition of information will allow PBGC
to reconstruct the substitute table for which the plan has sought IRS
approval. This will enable PBGC to better predict future funding
requirements and the impact on participants and the insurance system.
It is anticipated that the information requested by the proposed
changes described above will be available to the plan and will merely
require that the plan insert information it already has into the
attachments described.
PBGC estimates that it will receive approximately 23,700 Form 5500
and Form 5500-SF filings per year under this collection of information.
PBGC further estimates that the total annual burden of this collection
of information will be 1,300 hours and $1,613,000.
PBGC is soliciting public comments to--
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 methodologies and assumptions used;
[[Page 43800]]
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.
Issued in Washington, DC.
Daniel Liebman,
Acting Assistant General Counsel for Regulatory Affairs, Pension
Benefit Guaranty Corporation.
[FR Doc. 2017-19884 Filed 9-18-17; 8:45 am]
BILLING CODE 7709-02-P