Submission of Information Collection for OMB Review; Comment Request; Disclosure of Information in Distress and PBGC-Initiated Terminations, 55124-55125 [2017-25023]

Download as PDF 55124 Federal Register / Vol. 82, No. 222 / Monday, November 20, 2017 / Notices This meeting will be webcast live at the Web address—https://www.nrc.gov/. Week of December 4, 2017—Tentative There are no meetings scheduled for the week of December 4, 2017. Week of December 11, 2017—Tentative Tuesday, December 12, 2017 9:00 a.m. Hearing on Combined Licenses for Turkey Point, Units 6 and 7: Section 189a. of the Atomic Energy Act Proceeding (Public Meeting) (Contact: Manny Comar: 301–415–3863) This meeting will be webcast live at the Web address—https://www.nrc.gov/. Week of December 18, 2017—Tentative There are no meetings scheduled for the week of December 18, 2017. nshattuck on DSK9F9SC42PROD with NOTICES Week of December 25, 2017—Tentative There are no meetings scheduled for the week of December 25, 2017. * * * * * The schedule for Commission meetings is subject to change on short notice. For more information or to verify the status of meetings, contact Denise McGovern at 301–415–0681 or via email at Denise.McGovern@nrc.gov. * * * * * The NRC Commission Meeting Schedule can be found on the Internet at: https://www.nrc.gov/public-involve/ public-meetings/schedule.html. * * * * * The NRC provides reasonable accommodation to individuals with disabilities where appropriate. If you need a reasonable accommodation to participate in these public meetings, or need this meeting notice or the transcript or other information from the public meetings in another format (e.g., braille, large print), please notify Kimberly Meyer, NRC Disability Program Manager, at 301–287–0739, by videophone at 240–428–3217, or by email at Kimberly.Meyer-Chambers@ nrc.gov. Determinations on requests for reasonable accommodation will be made on a case-by-case basis. * * * * * Members of the public may request to receive this information electronically. If you would like to be added to the distribution, please contact the Nuclear Regulatory Commission, Office of the Secretary, Washington, DC 20555 (301– 415–1969), or email Patricia.Jimenez@ nrc.gov or Jennifer.BorgesRoman@ nrc.gov. VerDate Sep<11>2014 15:15 Nov 17, 2017 Jkt 244001 Dated: November 15, 2017. Denise L. McGovern, Policy Coordinator, Office of the Secretary. [FR Doc. 2017–25128 Filed 11–16–17; 11:15 am] BILLING CODE 7590–01–P OVERSEAS PRIVATE INVESTMENT CORPORATION Sunshine Act Meeting Notice Thursday, December 14, 2017, 2 p.m. (OPEN Portion). 2:15 p.m. (CLOSED Portion). PLACE: Offices of the Corporation, Twelfth Floor Board Room, 1100 New York Avenue NW., Washington, DC. STATUS: Meeting OPEN to the Public from 2 p.m. to 2:15 p.m. Closed portion will commence at 2:15 p.m. (approx.) MATTERS TO BE CONSIDERED: 1. President’s Report 2. Minutes of the Open Session of the September 14, 2017, Board of Directors Meeting FURTHER MATTERS TO BE CONSIDERED: (Closed to the Public 2:15 p.m.): 1. Insurance Project—Ukraine 2. Finance Project—Ukraine 3. Finance Project—Global 4. Minutes of the Closed Session of the September 14, 2017, Board of Directors Meeting 5. Reports and Budget 6. Pending Projects CONTACT PERSON FOR MORE INFORMATION: Information on the meeting may be obtained from Catherine F. I. Andrade at (202) 336–8768, or via email at Catherine.Andrade@opic.gov. TIME AND DATE: Dated: November 16, 2017. Catherine Andrade, Corporate Secretary, Overseas Private Investment Corporation. [FR Doc. 2017–25150 Filed 11–16–17; 11:15 am] BILLING CODE 3210–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Disclosure of Information in Distress and PBGC-Initiated Terminations Pension Benefit Guaranty Corporation. ACTION: Notice of request for OMB approval. AGENCY: PBGC is requesting that OMB approve, under the Paperwork Reduction Act, a collection of information under its regulations on the disclosure of termination information SUMMARY: PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 for distress terminations, and for PBGCinitiated terminations. This notice informs the public of PBGC’s request and solicits public comment on the collection of information that must be provided by plan administrators and plan sponsors to affected parties upon request. DATES: Comments should be submitted by December 20, 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 will be posted at https://www.pbgc.gov/res/lawsandregulations/information-collectionsunder-omb-review.html. It may also be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC, 1200 K Street NW., Washington, DC 20005– 4026, 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 Disclosure Division will email, fax, or mail the request to you, as you request. FOR FURTHER INFORMATION CONTACT: Jo Amato Burns (burns.jo.amato@ pbgc.gov), 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, or Daniel S. Liebman (liebman.daniel@ pbgc.gov), Acting Assistant General Counsel, same address and phone number, extension 6510. 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: Sections 4041 and 4042 of the Employee Retirement Income Security Act of 1974, as amended (ERISA), 29 U.S.C. 1301– 1461, govern the termination of singleemployer defined benefit pension plans that are subject to Title IV of ERISA. A plan administrator may initiate a distress termination under section 4041(c), and PBGC may itself initiate proceedings to terminate a pension plan under section 4042 if PBGC determines that certain conditions are present. Sections 4041 and 4042 of ERISA were amended by Section 506 of the Pension Protection Act of 2006 (Pub. L. 109–280) to require that, upon a request by an affected party— • A plan administrator must disclose information it has submitted to PBGC in E:\FR\FM\20NON1.SGM 20NON1 Federal Register / Vol. 82, No. 222 / Monday, November 20, 2017 / Notices connection with a distress termination filing, and • A plan administrator or plan sponsor must disclose information it has submitted to PBGC in connection with a PBGC-initiated termination. PBGC is also required to disclose the administrative record relating to a PBGC-initiated termination upon request by an affected party. The above provisions are applicable to terminations initiated on or after August 17, 2006. The applicable regulatory provisions can be found at 29 CFR 4041.51 and 4042.5. This collection of information was most recently approved by OMB under control number 1212–0065. PBGC is requesting that OMB approve the collection of information for three years, without change. 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 September 7, 2017 (82 FR 42366), PBGC published a notice informing the public that it intended to request OMB approval and soliciting public comment. No comments were received. Based on information for calendar years 2014–2016, PBGC estimates that approximately 75 plans will terminate as distress or PBGC-initiated terminations each year. A survey conducted by PBGC of nine plans found that two of the nine plans surveyed received requests for termination information. Based on the foregoing, PBGC estimates that two participants or other affected parties of every nine distress terminations or PBGC-initiated terminations filed will annually make requests for termination information, or ⁄ of 75 (approximately 17 per year). Based on information derived from the survey of nine plans, PBGC estimates that the hour burden for plan administrators and sponsors will be about 20 hours, with the aggregate, annual burden estimated to be 340 hours (17 plans*20 hours). The dollar equivalent of the hour burden is estimated to be $25,500 (340 hours*$75 per hour) based on an assumed blended hourly rate of $75 for administrative, clerical, and supervisory time per hour for the staff of plan administrators and sponsors. PBGC expects that all the work will be performed in-house by the staff of plan administrators and sponsors PBGC expects costs to be recovered from affected parties because plan administrators and plan sponsors may charge a reasonable fee for nonelectronic disclosure. Therefore, the annual cost to the plan administrators and sponsors is estimated to be $0. 29 Issued in Washington, DC. Daniel S. Liebman, Acting Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2017–25023 Filed 11–17–17; 8:45 am] BILLING CODE 7709–02–P ACTION: 55125 Notice. This notice identifies Schedule A, B, and C appointing authorities applicable to a single agency that were established or revoked from July 1, 2017 to July 31, 2017. FOR FURTHER INFORMATION CONTACT: Senior Executive Resources Services, Senior Executive Service and Performance Management, Employee Services, (202) 606–2246. SUPPLEMENTARY INFORMATION: In accordance with 5 CFR 213.103, Schedule A, B, and C appointing authorities available for use by all agencies are codified in the Code of Federal Regulations (CFR). Schedule A, B, and C appointing authorities applicable to a single agency are not codified in the CFR, but the U.S. Office of Personnel Management (OPM) publishes a notice of agency-specific authorities established or revoked each month in the Federal Register at www.gpo.gov/fdsys/. OPM also publishes an annual notice of the consolidated listing of all Schedule A, B, and C appointing authorities, current as of June 30, in the Federal Register. SUMMARY: Schedule A No schedule A authorities to report during July 2017. Schedule B No schedule B authorities to report during July 2017. OFFICE OF PERSONNEL MANAGEMENT Schedule C Excepted Service U.S. Office of Personnel Management (OPM). AGENCY: The following Schedule C appointing authorities were approved during July 2017. Authorization No. Agency name Organization name Position title Department of Agriculture .............. Office of Communications .............. Office of the Under Secretary for Research, Education, and Economics. Broadcasting Board of Governors Office of the Chief of Staff ............. Office of the Chief Economist ........ Press Secretary ............................. Chief of Staff .................................. DA170169 DA170170 07/21/2017 07/31/2017 Senior Advisor ................................ Scheduler ....................................... Chief Economist ............................. IB170005 DC170146 CT170011 07/11/2017 07/05/2017 07/07/2017 Washington Headquarters Services. Office of the Assistant Secretary of Defense (Asian and Pacific Security Affairs). Office of the Secretary of Defense Office of the Assistant Secretary of Defense (Special Operations/ Low Intensity Conflict). Office of the Under Secretary of Defense (Policy). Office of the Assistant Secretary of Defense (Homeland Defense and Global Security ). Office Deputy Under Secretary of Army. Staff Assistant ................................ Defense Fellow .............................. Special Assistant (Afghanistan, Pakistan, and Central Asia). DD170185 DD170194 DD170189 07/05/2017 07/14/2017 07/05/2017 Special Assistant ............................ Special Assistant (Stability and Humanitarian Affairs). DD170168 DD170191 07/06/2017 07/07/2017 Special Assistant ............................ Special Assistant (East Asia) ......... Special Assistant (Cyber) .............. DD170201 DD170202 DD170198 07/21/2017 07/21/2017 07/31/2017 Personal and Confidential Assistant. DW170025 07/06/2017 nshattuck on DSK9F9SC42PROD with NOTICES Broadcasting Board of Governors Department of Commerce .............. Commodity Futures Trading Commission. Department of Defense .................. Department of the Army ................. VerDate Sep<11>2014 15:15 Nov 17, 2017 Jkt 244001 PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 E:\FR\FM\20NON1.SGM 20NON1 Effective date

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 82, Number 222 (Monday, November 20, 2017)]
[Notices]
[Pages 55124-55125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25023]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Disclosure of Information in Distress and PBGC-Initiated 
Terminations

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for OMB approval.

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

SUMMARY: PBGC is requesting that OMB approve, under the Paperwork 
Reduction Act, a collection of information under its regulations on the 
disclosure of termination information for distress terminations, and 
for PBGC-initiated terminations. This notice informs the public of 
PBGC's request and solicits public comment on the collection of 
information that must be provided by plan administrators and plan 
sponsors to affected parties upon request.

DATES: Comments should be submitted by December 20, 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 will be posted at https://www.pbgc.gov/res/laws-andregulations/information-collections-under-omb-review.html. It 
may also be obtained without charge by writing to the Disclosure 
Division of the Office of the General Counsel of PBGC, 1200 K Street 
NW., Washington, DC 20005-4026, 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 Disclosure Division will email, 
fax, or mail the request to you, as you request.

FOR FURTHER INFORMATION CONTACT: Jo Amato Burns 
(burns.jo.amato@pbgc.gov), 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, or Daniel 
S. Liebman (liebman.daniel@pbgc.gov), Acting Assistant General Counsel, 
same address and phone number, extension 6510. 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: Sections 4041 and 4042 of the Employee 
Retirement Income Security Act of 1974, as amended (ERISA), 29 U.S.C. 
1301-1461, govern the termination of single-employer defined benefit 
pension plans that are subject to Title IV of ERISA. A plan 
administrator may initiate a distress termination under section 
4041(c), and PBGC may itself initiate proceedings to terminate a 
pension plan under section 4042 if PBGC determines that certain 
conditions are present. Sections 4041 and 4042 of ERISA were amended by 
Section 506 of the Pension Protection Act of 2006 (Pub. L. 109-280) to 
require that, upon a request by an affected party--
     A plan administrator must disclose information it has 
submitted to PBGC in

[[Page 55125]]

connection with a distress termination filing, and
     A plan administrator or plan sponsor must disclose 
information it has submitted to PBGC in connection with a PBGC-
initiated termination.
    PBGC is also required to disclose the administrative record 
relating to a PBGC-initiated termination upon request by an affected 
party. The above provisions are applicable to terminations initiated on 
or after August 17, 2006. The applicable regulatory provisions can be 
found at 29 CFR 4041.51 and 4042.5.
    This collection of information was most recently approved by OMB 
under control number 1212-0065. PBGC is requesting that OMB approve the 
collection of information for three years, without change. 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 September 7, 2017 (82 FR 42366), PBGC published a notice 
informing the public that it intended to request OMB approval and 
soliciting public comment. No comments were received.
    Based on information for calendar years 2014-2016, PBGC estimates 
that approximately 75 plans will terminate as distress or PBGC-
initiated terminations each year. A survey conducted by PBGC of nine 
plans found that two of the nine plans surveyed received requests for 
termination information. Based on the foregoing, PBGC estimates that 
two participants or other affected parties of every nine distress 
terminations or PBGC-initiated terminations filed will annually make 
requests for termination information, or \2/9\ of 75 (approximately 17 
per year).
    Based on information derived from the survey of nine plans, PBGC 
estimates that the hour burden for plan administrators and sponsors 
will be about 20 hours, with the aggregate, annual burden estimated to 
be 340 hours (17 plans*20 hours). The dollar equivalent of the hour 
burden is estimated to be $25,500 (340 hours*$75 per hour) based on an 
assumed blended hourly rate of $75 for administrative, clerical, and 
supervisory time per hour for the staff of plan administrators and 
sponsors.
    PBGC expects that all the work will be performed in-house by the 
staff of plan administrators and sponsors PBGC expects costs to be 
recovered from affected parties because plan administrators and plan 
sponsors may charge a reasonable fee for non-electronic disclosure. 
Therefore, the annual cost to the plan administrators and sponsors is 
estimated to be $0.

    Issued in Washington, DC.
Daniel S. Liebman,
Acting Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2017-25023 Filed 11-17-17; 8:45 am]
 BILLING CODE 7709-02-P

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