Submission of Information Collection for OMB Review; Comment Request; Termination of Single-Employer Plans, Missing Participants, 5816-5817 [2018-02606]

Download as PDF 5816 Federal Register / Vol. 83, No. 28 / Friday, February 9, 2018 / Notices agenda for the meeting includes the following topics: —Earth Science Division (ESD) Update —Earth Science Decadal Survey —ESD Approaches for International Coordination —Evolution of the ESD Airborne Science Program —Ensuring High Impact Research in ESD Attendees will be requested to sign a register and to comply with NASA Headquarters security requirements, including the presentation of a valid picture ID to Security before access to NASA Headquarters. Foreign nationals attending this meeting will be required to provide a copy of their passport and visa in addition to providing the following information no less than 10 days prior to the meeting: Full name; gender; date/place of birth; citizenship; passport information (number, country, telephone); visa information (number, type, expiration date); employer/ affiliation information (name of institution, address, country, telephone); title/position of attendee. To expedite admittance, attendees with U.S. citizens and Permanent Residents (green card holders) are requested to provide full name and citizenship status no less than 3 working days in advance by contacting KarShelia Henderson via email at khenderson@nasa.gov or by fax at (202) 358–2779. It is imperative that the meeting be held on this date to accommodate the scheduling priorities of the key participants. Patricia D. Rausch, Advisory Committee Management Officer, National Aeronautics and Space Administration. BILLING CODE 7510–13–P NATIONAL SCIENCE FOUNDATION Notice of Permits Issued Under the Antarctic Conservation Act of 1978 National Science Foundation. Notice of permit issued. AGENCY: The National Science Foundation (NSF) is required to publish notice of permits issued under the Antarctic Conservation Act of 1978. This is the required notice. FOR FURTHER INFORMATION CONTACT: Nature McGinn, ACA Permit Officer, Office of Polar Programs, National Science Foundation, 2415 Eisenhower Avenue, Alexandria, VA 22314; 703– 292–8030; email: ACApermits@nsf.gov. SUPPLEMENTARY INFORMATION: On January 5, 2017, the National Science sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:57 Feb 08, 2018 Jkt 244001 1. Sarah Eppley Permit No. 2018–030 Nadene G. Kennedy, Polar Coordination Specialist, Office of Polar Programs. [FR Doc. 2018–02632 Filed 2–8–18; 8:45 am] BILLING CODE 7555–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Termination of Single-Employer Plans, Missing Participants Pension Benefit Guaranty Corporation. ACTION: Notice of request for OMB approval, with modifications. AGENCY: PBGC is requesting that OMB approve, with modifications, under the Paperwork Reduction Act a collection of information in PBGC’s regulations on Termination of Single Employer Plans and Missing Participants and implementing forms and instructions (OMB control number 1212–0036). This notice informs the public of PBGC’s request and solicits public comment on the collection of information. DATES: Comments must be submitted by March 12, 2018 to be assured of consideration. SUMMARY: NATIONAL SCIENCE FOUNDATION Sunshine Act Meeting; National Science Board The National Science Board’s Committee on Oversight (CO), pursuant to NSF regulations (45 CFR part 614), the National Science Foundation Act, as amended (42 U.S.C. 1862n–5), and the Government in the Sunshine Act (5 U.S.C. 552b), hereby gives notice of the scheduling of a teleconference for the transaction of National Science Board business, as follows: Friday, February 16, 2018 at 2:30 EST. TIME AND DATE: This meeting will be held by teleconference at the National Science Foundation, 2415 Eisenhower Avenue, Alexandria, VA 22314. PLACE: STATUS: Open. Committee Chair’s remarks, and discussion of merit review research topics. MATTERS TO BE CONSIDERED: CONTACT PERSON FOR MORE INFORMATION: [FR Doc. 2018–02653 Filed 2–8–18; 8:45 am] ACTION: Foundation published a notice in the Federal Register of a permit application received. The permit was issued on February 5, 2018 to: Point of contact for this meeting is: Ann Bushmiller (abushmil@nsf.gov), 2415 Eisenhower Avenue, Alexandria, VA 22314. An audio link will be available for the public. Members of the public must contact the Board Office to request the public audio link by sending an email to nationalsciencebrd@nsf.gov at least 24 hours prior to the teleconference. Please refer to the National Science Board website https://www.nsf.gov/nsb/ meetings/notices.jsp#sunshine for meeting information and updates. You may find general information at https:// www.nsf.gov/nsb/. Chris Blair, Executive Assistant to the National Science Board Office. [FR Doc. 2018–02820 Filed 2–7–18; 4:15 pm] BILLING CODE 7555–01–P PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 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/prac/laws-andregulations/information-collectionsunder-omb-review. 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/ASCII 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 Stephanie Cibinic (cibinc.stephanie@ pbgc.gov), Deputy Assistant General Counsel, same address and phone number, extension 6352. TTY/ASCII users may call the Federal relay service toll-free at 800–877–8339 and ask to be connected to 202–326–4400. SUPPLEMENTARY INFORMATION: Under section 4041 of the Employee Retirement Income Security Act of 1974, ADDRESSES: E:\FR\FM\09FEN1.SGM 09FEN1 sradovich on DSK3GMQ082PROD with NOTICES Federal Register / Vol. 83, No. 28 / Friday, February 9, 2018 / Notices as amended (ERISA), a single-employer pension plan may terminate voluntarily only if it satisfies the requirements for either a standard or a distress termination. Pursuant to ERISA section 4041(b), for standard terminations, and section 4041(c), for distress terminations, and PBGC’s termination regulation (29 CFR part 4041), a plan administrator wishing to terminate a plan is required to submit specified information to PBGC in support of the proposed termination and to provide specified information regarding the proposed termination to third parties (participants, beneficiaries, alternate payees, and employee organizations). In the case of such plans with participants or beneficiaries who cannot be located when their benefits are to be distributed, the plan administrator is subject to the requirements of ERISA section 4050 and PBGC’s missing participants regulation (29 CFR part 4050). The missing participant forms and instructions under this information collection are applicable only to plans that terminated on or before December 31, 2017. There is a new control number for the collection of information under the expanded missing participants program, effective on January 22, 2018, and applicable to plans that terminate on or after January 1, 2018 (OMB Control No.1212–0069; expires January 31, 2021). The expanded program includes not only missing participants from single-employer plans covered by title IV, but also defined contribution and other plans not covered by title IV. The collection of information under these regulations and the implementing forms and instructions had been approved by OMB under control number 1212–0036 (expired November 30, 2017). PBGC is requesting that OMB reinstate its approval and extend it for three years from date of approval, with modifications. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a current OMB control number. On October 2, 2017 (82 FR 45912), PBGC published a notice informing the public that it intended to request OMB approval and soliciting public comments. No comments were received. PBGC is proposing to provide that the plan administrator of a plan terminating in a standard termination, or a distress termination that closes out in the private sector, may submit termination forms electronically (scanned and emailed or faxed), rather than by mail or personal delivery only. PBGC is proposing these new options to increase the ease of submission for plan administrators. VerDate Sep<11>2014 16:57 Feb 08, 2018 Jkt 244001 5817 In addition, for distress termination filings, PBGC is proposing to include an invitation for plan sponsors to contact PBGC for a pre-filing consultation to discuss the filing process and ensure the filing of a distress termination is appropriate given the sponsor’s specific circumstances. This consultation will assist PBGC and the plan sponsor in exploring whether a waiver of one or more filing obligations is appropriate, identifying potential issues preventing a distress termination of a particular plan, and may indicate that commencement of an agency-initiated termination of the pension plan is warranted. This consultation will be voluntary and will result in little or no added burden on the plan sponsor. PBGC estimates that 1,426 plan administrators will be subject to this collection of information each year, and that the total annual burden of complying with these requirements will be 29,890 hours and $5,963,400. Management at the address shown below if you wish to present material to the Council at any of the meetings. The manner and time prescribed for presentations may be limited, depending upon the number of parties that express interest in presenting information. FOR FURTHER INFORMATION CONTACT: Zina Sutch, Director for the Office of Diversity and Inclusion, Office of Personnel Management, 1900 E St. NW, Suite 5H35, Washington, DC 20415. Phone (202) 606–2433 FAX (202) 606– 6012 or email at Zina.Sutch@opm.gov. Stephanie Cibinic, Deputy Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. Civil Service Retirement System Board of Actuaries Meeting [FR Doc. 2018–02606 Filed 2–8–18; 8:45 am] BILLING CODE 7709–02–P U.S. Office of Personnel Management. Kathleen M. McGettigan, Acting Director. [FR Doc. 2018–02571 Filed 2–8–18; 8:45 am] BILLING CODE 6820–B2–P OFFICE OF PERSONNEL MANAGEMENT Office of Personnel Management. ACTION: Notice of meeting. AGENCY: The Civil Service Retirement System Board of Actuaries plans to meet on Thursday, April 12, 2018. The meeting will start at 10:00 a.m. EDT and will be held at the U.S. Office of Personnel Management (OPM), 1900 E Street NW, Room 4351–B, Washington, DC 20415. The purpose of the meeting is for the Board to review the actuarial methods and assumptions used in the valuations of the Civil Service Retirement and Disability Fund (CSRDF). SUMMARY: OFFICE OF PERSONNEL MANAGEMENT Hispanic Council on Federal Employment Office of Personnel Management. ACTION: Notice of meeting. AGENCY: The Hispanic Council on Federal Employment (Council) meeting will be held on Thursday, February 22, 2018 at the following time and location shown below: Time: 10:30 a.m. to 12:00 p.m. Location: Office of Personnel Management, 1900 E St. NW, Washington, DC 20415, Executive Conference Room. The Council is an advisory committee composed of representatives from Hispanic organizations and senior government officials. Along with its other responsibilities, the Council shall advise the Director of the Office of Personnel Management on matters involving the recruitment, hiring, and advancement of Hispanics in the Federal workforce. The Council is cochaired by the Director of the Office of Personnel Management and the Chair of the National Hispanic Leadership Agenda (NHLA). The meeting is open to the public. Please contact the Office of Personnel SUMMARY: PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 Agenda 1. Summary of recent and proposed legislation and regulations 2. Review of actuarial assumptions: a. Demographic Assumptions b. Economic Assumptions 3. CSRDF Annual Report Persons desiring to attend this meeting of the Civil Service Retirement System Board of Actuaries, or to make a statement for consideration at the meeting, should contact OPM at least 5 business days in advance of the meeting date at the address shown below. Any detailed information or analysis requested for the Board to consider should be submitted at least 15 business days in advance of the meeting date. The manner and time for any material presented to or considered by the Board may be limited. FOR FURTHER INFORMATION CONTACT: Gregory Kissel, Senior Actuary for E:\FR\FM\09FEN1.SGM 09FEN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 83, Number 28 (Friday, February 9, 2018)]
[Notices]
[Pages 5816-5817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02606]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Termination of Single-Employer Plans, Missing Participants

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for OMB approval, with modifications.

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

SUMMARY: PBGC is requesting that OMB approve, with modifications, under 
the Paperwork Reduction Act a collection of information in PBGC's 
regulations on Termination of Single Employer Plans and Missing 
Participants and implementing forms and instructions (OMB control 
number 1212-0036). This notice informs the public of PBGC's request and 
solicits public comment on the collection of information.

DATES: Comments must be submitted by March 12, 2018 to be assured of 
consideration.

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 [email protected] or by fax to (202) 395-6974.
    A copy of the request will be posted at https://www.pbgc.gov/prac/laws-and-regulations/information-collections-under-omb-review. 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/ASCII 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 
([email protected]), 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 
Stephanie Cibinic ([email protected]), Deputy Assistant General 
Counsel, same address and phone number, extension 6352. TTY/ASCII users 
may call the Federal relay service toll-free at 800-877-8339 and ask to 
be connected to 202-326-4400.

SUPPLEMENTARY INFORMATION: Under section 4041 of the Employee 
Retirement Income Security Act of 1974,

[[Page 5817]]

as amended (ERISA), a single-employer pension plan may terminate 
voluntarily only if it satisfies the requirements for either a standard 
or a distress termination. Pursuant to ERISA section 4041(b), for 
standard terminations, and section 4041(c), for distress terminations, 
and PBGC's termination regulation (29 CFR part 4041), a plan 
administrator wishing to terminate a plan is required to submit 
specified information to PBGC in support of the proposed termination 
and to provide specified information regarding the proposed termination 
to third parties (participants, beneficiaries, alternate payees, and 
employee organizations). In the case of such plans with participants or 
beneficiaries who cannot be located when their benefits are to be 
distributed, the plan administrator is subject to the requirements of 
ERISA section 4050 and PBGC's missing participants regulation (29 CFR 
part 4050).
    The missing participant forms and instructions under this 
information collection are applicable only to plans that terminated on 
or before December 31, 2017. There is a new control number for the 
collection of information under the expanded missing participants 
program, effective on January 22, 2018, and applicable to plans that 
terminate on or after January 1, 2018 (OMB Control No.1212-0069; 
expires January 31, 2021). The expanded program includes not only 
missing participants from single-employer plans covered by title IV, 
but also defined contribution and other plans not covered by title IV.
    The collection of information under these regulations and the 
implementing forms and instructions had been approved by OMB under 
control number 1212-0036 (expired November 30, 2017). PBGC is 
requesting that OMB reinstate its approval and extend it for three 
years from date of approval, with modifications. An agency may not 
conduct or sponsor, and a person is not required to respond to, a 
collection of information unless it displays a current OMB control 
number.
    On October 2, 2017 (82 FR 45912), PBGC published a notice informing 
the public that it intended to request OMB approval and soliciting 
public comments. No comments were received.
    PBGC is proposing to provide that the plan administrator of a plan 
terminating in a standard termination, or a distress termination that 
closes out in the private sector, may submit termination forms 
electronically (scanned and emailed or faxed), rather than by mail or 
personal delivery only. PBGC is proposing these new options to increase 
the ease of submission for plan administrators.
    In addition, for distress termination filings, PBGC is proposing to 
include an invitation for plan sponsors to contact PBGC for a pre-
filing consultation to discuss the filing process and ensure the filing 
of a distress termination is appropriate given the sponsor's specific 
circumstances. This consultation will assist PBGC and the plan sponsor 
in exploring whether a waiver of one or more filing obligations is 
appropriate, identifying potential issues preventing a distress 
termination of a particular plan, and may indicate that commencement of 
an agency-initiated termination of the pension plan is warranted. This 
consultation will be voluntary and will result in little or no added 
burden on the plan sponsor.
    PBGC estimates that 1,426 plan administrators will be subject to 
this collection of information each year, and that the total annual 
burden of complying with these requirements will be 29,890 hours and 
$5,963,400.

Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2018-02606 Filed 2-8-18; 8:45 am]
BILLING CODE 7709-02-P

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