Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Multiemployer Pension Plan Withdrawal Liability Information, 28871-28872 [2018-13330]

Download as PDF Federal Register / Vol. 83, No. 120 / Thursday, June 21, 2018 / Notices the scheduling of a teleconference for the transaction of National Science Board business, as follows: TIME AND DATE: Open meeting of the Executive Committee of the National Science Board, to be held Friday, June 22, 2018, from 4:00–5:00 p.m. EDT. PLACE: This meeting will be held by teleconference at the National Science Foundation, 2415 Eisenhower Ave., Alexandria, VA 22314. STATUS: Open. MATTERS TO BE CONSIDERED: Committee Chair’s Opening Remarks; approval of Executive Committee Minutes of April 2, 2018; discuss issues and topics for an agenda of the NSB Meeting scheduled for July 17–18, 2018. CONTACT PERSON FOR MORE INFORMATION: Point of contact for this meeting is: James Hamos, 2415 Eisenhower Ave., Alexandria, VA 22314. Telephone: (703) 292–8000. You may find meeting information and updates (time, place, subject matter or status of meeting) at https:// www.nsf.gov/nsb/meetings/notices. jsp#sunshine. An audio listening line will be available for the public. Members of the public must contact the Board Office to request the number by sending an email to nationalsciencebrd@nsf.gov at least 24 hours prior to the teleconference. SUPPLEMENTARY INFORMATION: Chris Blair, Executive Assistant to the NSB Office. [FR Doc. 2018–13490 Filed 6–19–18; 4:15 pm] BILLING CODE 7555–01–P NATIONAL SCIENCE FOUNDATION Notice of Permit Applications Received Under the Antarctic Conservation Act of 1978 National Science Foundation. Notice of permit applications received. AGENCY: ACTION: The National Science Foundation (NSF) is required to publish a notice of permit applications received to conduct activities regulated under the Antarctic Conservation Act of 1978. NSF has published regulations under the Antarctic Conservation Act in the Code of Federal Regulations. This is the required notice of permit applications received. amozie on DSK3GDR082PROD with NOTICES1 SUMMARY: Interested parties are invited to submit written data, comments, or views with respect to this permit application by July 23, 2018. This application may be inspected by DATES: VerDate Sep<11>2014 17:22 Jun 20, 2018 Jkt 244001 interested parties at the Permit Office, address below. ADDRESSES: Comments should be addressed to Permit Office, Office of Polar Programs, National Science Foundation, 2415 Eisenhower Avenue, Alexandria, Virginia 22314. FOR FURTHER INFORMATION CONTACT: Nature McGinn, ACA Permit Officer, at the above address, 703–292–8030, or ACApermits@nsf.gov. SUPPLEMENTARY INFORMATION: The National Science Foundation, as directed by the Antarctic Conservation Act of 1978 (Pub. L. 95–541, 45 CFR 670), as amended by the Antarctic Science, Tourism and Conservation Act of 1996, has developed regulations for the establishment of a permit system for various activities in Antarctica and designation of certain animals and certain geographic areas a requiring special protection. The regulations establish such a permit system to designate Antarctic Specially Protected Areas. Application Details 1. Applicant: Permit Application: 2019–001. Ron Naveen, Oceanites, Inc., PO Box 15259, Chevy Chase, MD 20825. Activity for Which Permit is Requested: Take, Harmful Interference, Enter Antarctic Specially Protected Areas. The applicant proposes to continue data collections activities conducted to support the Antarctic Site Inventory. Visitor site surveys may include censusing penguin and seabird colonies throughout the Antarctic Peninsula. There is the potential for slight disturbance of the birds during surveying and censusing. This permit would address the potential for infrequent, minimal take or harmful interference of the following species: Adelie penguin (Pygoselis adeliae), chinstrap penguin (P. antarctica), gentoo penguin, (P. papua), southern giant petrel (Macronectes giganteus), southern fulmar (Fulmarus glacialoides), cape petrel (Daption capense), Antarctic blue-eyed shag (Phalacrocorax atriceps), Antarctic brown skua (Catharacta antarctica), south polar skua (C. maccormicki), kelp gull (Larus dominicanus), and Antarctic tern (Sterna vittata). While conducting visitor site surveys and censuses, the applicant would potentially enter a number of Antarctic Specially Protected Areas (ASPAs) in the Antarctic Peninsula region. Location: Antarctic Peninsula region, including ASPA 107, Emperor Island; ASPA 108, Green Island; ASPA 109, Moe Island; APSA 110, Lynch Island; PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 28871 ASPA 111, Southern Powell Island and adjacent islands; ASPA 112, Coppermine Peninsula; ASPA 113, Litchfield Island; ASPA 114, Northern Coronation Island; ASPA 115, Lagotellerie Island; ASPA 117, Avian Island; ASPA 125, Fildes Peninsula; ASPA 126, Byers Peninsula; ASPA 128, Western Shore of Admiralty Bay; ASPA 129, Rothera Point; ASPA 132, Potter Peninsula; ASPA 133, Harmony Point; ASPA 134, Cierva Point and offshore islands; ASPA 139, Biscoe Point; ASPA 140, Parts of Deception Island; ASPA 144, Chile Bay (Discovery Bay); ASPA 145, Port Foster; ASPA 146, South Bay; ASPA 148, Mount Flora; ASPA 149, Cape Shirreff and San Telmo Island; ASPA 150, Ardley Island; ASPA 151, Lions Rump; ASPA 152, Western Bransfield Strait; and ASPA 153, Eastern Dallmann Bay. Dates of Permitted Activities: September 1, 2018–August 31, 2023. Nadene Kennedy, Polar Coordination Specialist, Office of Polar Programs. [FR Doc. 2018–13355 Filed 6–20–18; 8:45 am] BILLING CODE 7555–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Multiemployer Pension Plan Withdrawal Liability Information Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request OMB approval. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) intends to request that OMB approve, under the Paperwork Reduction Act, a survey of terminated and insolvent multiemployer pension plans to obtain withdrawal liability information. PBGC needs the withdrawal liability information to estimate its multiemployer program liabilities for purposes of its financial statements. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. SUMMARY: Comments should be submitted by August 20, 2018. ADDRESSES: Comments may be submitted by any of the following methods: • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the online instructions for submitting comments. DATES: E:\FR\FM\21JNN1.SGM 21JNN1 28872 Federal Register / Vol. 83, No. 120 / Thursday, June 21, 2018 / Notices amozie on DSK3GDR082PROD with NOTICES1 • Email: paperwork.comments@ pbgc.gov. Refer to Withdrawal Liability Survey in the subject line. • Mail or Hand Delivery: Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005–4026. All submissions received must include the agency’s name (Pension Benefit Guaranty Corporation, or PBGC) and refer to the Withdrawal Liability Survey. All comments received will be posted without change to PBGC’s website, www.pbgc.gov, including any personal information provided. Copies of the collection of information may be obtained by writing to Disclosure Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005–4026, or calling 202–326–4040 during normal business hours. TTY users may call the Federal relay service toll-free at 800–877–8339 and ask to be connected to 202–326–4040. FOR FURTHER INFORMATION CONTACT: Hilary Duke, Assistant General Counsel for Regulatory Affairs, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005–4026, 202– 326–4400, extension 3839. TTY users may call the Federal relay service tollfree at 1–800–877–8339 and ask to be connected to 202–326–4400, extension 3839. SUPPLEMENTARY INFORMATION: When a contributing employer withdraws from an underfunded multiemployer pension plan, the plan sponsor assesses withdrawal liability against the employer. The plan sponsor is required to determine and collect withdrawal liability in accordance with section 4219 of the Employee Retirement Income Security Act of 1974 (ERISA). The plan sponsor assesses withdrawal liability by issuing a notice to an employer, including the amount of the employer’s liability and a schedule of payments. PBGC’s regulation on Notice, Collection, and Redetermination of Withdrawal Liability (29 CFR part 4219) requires the plan sponsor to file with PBGC a certification that notices have been provided to employers. PBGC is proposing to collect information about withdrawal liability that is owed by withdrawn employers of terminated 1 and insolvent 2 1 Under section 4041A(f)(2) of ERISA, PBGC may prescribe reporting requirements for terminated multiemployer pension plans, which PBGC considers appropriate to protect the interests of plan participants and beneficiaries or to prevent unreasonable loss to the corporation. 2 Under section 4261(b)(1) of ERISA, PBGC provides financial assistance under such conditions VerDate Sep<11>2014 17:22 Jun 20, 2018 Jkt 244001 multiemployer pension plans. PBGC would distribute a survey that insolvent plans receiving financial assistance and terminated plans not yet receiving financial assistance would be required to complete and return to PBGC. Smaller plans with less than 500 participants would not be required to complete the survey. PBGC needs the information from the survey about withdrawal liability payments and settlements, and whether employers have withdrawn from the plan but have not yet been assessed withdrawal liability, to estimate with more precision PBGC’s multiemployer liabilities for purposes of its financial statements.3 PBGC would also use the information for its Multiemployer Pension Insurance Modelling System assumptions on collection of withdrawal liability. Information provided to PBGC would be confidential to the extent provided in the Freedom of Information Act and the Privacy Act. The survey would be sent to approximately 65 plans.4 PBGC estimates that each survey would require approximately 4 hours to complete by a combination of pension fund office staff (50%) and outside attorneys (50%). PBGC estimates an hour burden of 130 hours (based on pension fund office time). The estimated dollar equivalent of this hour burden, based on an assumed hourly rate of $75 for administrative, clerical, and supervisory time is $9,750. PBGC estimates a cost burden for the withdrawal liability survey of $52,000 (based on 130 attorney hours assuming an average hourly rate of $400). PBGC further estimates that the average burden will be 2 hours of pension fund office staff time and $800 per plan. PBGC intends to request that OMB approve PBGC’s use of this survey 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. as the corporation determines are equitable and are appropriate to prevent unreasonable loss to the corporation with respect to the plan. 3 Section 4008 of ERISA requires the corporation, as soon as practicable after the close of each fiscal year, to transmit a report to the President and the Congress, including financial statements setting forth the finances of the corporation at the end of the fiscal year and the result of its operations (including the source and application of its funds) for the fiscal year. 4 As of September 30, 2017, there were 68 terminated plans not yet receiving financial assistance and 72 insolvent plans that received financial assistance from PBGC. See PBGC FY 2017 Annual Report, page 94 at https://www.pbgc.gov/ sites/default/files/pbgc-annual-report-2017.pdf. Approximately 65 of the plans have 500 or more participants. PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 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. Issued in Washington, DC Hilary Duke, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2018–13330 Filed 6–20–18; 8:45 am] BILLING CODE 7709–02–P PRESIDIO TRUST Notice of Public Meeting The Presidio Trust. Notice of public meeting. AGENCY: ACTION: In accordance with the Presidio Trust Act, and in accordance with the Presidio Trust’s bylaws, notice is hereby given that a public meeting of the Presidio Trust Board of Directors will be held commencing 4:30 p.m. on July 25, 2018, at the Officers’ Club, 50 Moraga Avenue, Presidio of San Francisco, California. The purposes of this meeting are: To provide the Board Chair’s report; to provide the Chief Executive Officer’s report; to receive selected presentations of concept proposals for development of the Fort Scott site; to receive public comment on the selected concept proposals for the Fort Scott site; to consider and potentially select which proposers will be invited to respond to a Request for Proposal for the Fort Scott site; and to receive public comment on other matters pertaining to Trust business. Individuals requiring special accommodation at this meeting, such as needing a sign language interpreter, should contact Mollie Matull at 415– 561–5300 prior to July 18, 2018. SUMMARY: E:\FR\FM\21JNN1.SGM 21JNN1

Agencies

[Federal Register Volume 83, Number 120 (Thursday, June 21, 2018)]
[Notices]
[Pages 28871-28872]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13330]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Survey of Multiemployer Pension Plan Withdrawal 
Liability Information

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intent to request OMB approval.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to 
request that OMB approve, under the Paperwork Reduction Act, a survey 
of terminated and insolvent multiemployer pension plans to obtain 
withdrawal liability information. PBGC needs the withdrawal liability 
information to estimate its multiemployer program liabilities for 
purposes of its financial statements. This notice informs the public of 
PBGC's intent and solicits public comment on the collection of 
information.

DATES: Comments should be submitted by August 20, 2018.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the online instructions for submitting comments.

[[Page 28872]]

     Email: [email protected]. Refer to Withdrawal 
Liability Survey in the subject line.
     Mail or Hand Delivery: Regulatory Affairs Division, Office 
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street NW, Washington, DC 20005-4026.
    All submissions received must include the agency's name (Pension 
Benefit Guaranty Corporation, or PBGC) and refer to the Withdrawal 
Liability Survey. All comments received will be posted without change 
to PBGC's website, www.pbgc.gov, including any personal information 
provided. Copies of the collection of information may be obtained by 
writing to Disclosure Division, Office of the General Counsel, Pension 
Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005-
4026, or calling 202-326-4040 during normal business hours. TTY users 
may call the Federal relay service toll-free at 800-877-8339 and ask to 
be connected to 202-326-4040.

FOR FURTHER INFORMATION CONTACT: Hilary Duke, Assistant General Counsel 
for Regulatory Affairs, Office of the General Counsel, Pension Benefit 
Guaranty Corporation, 1200 K Street NW, Washington, DC 20005-4026, 202-
326-4400, extension 3839. TTY users may call the Federal relay service 
toll-free at 1-800-877-8339 and ask to be connected to 202-326-4400, 
extension 3839.

SUPPLEMENTARY INFORMATION: When a contributing employer withdraws from 
an underfunded multiemployer pension plan, the plan sponsor assesses 
withdrawal liability against the employer. The plan sponsor is required 
to determine and collect withdrawal liability in accordance with 
section 4219 of the Employee Retirement Income Security Act of 1974 
(ERISA). The plan sponsor assesses withdrawal liability by issuing a 
notice to an employer, including the amount of the employer's liability 
and a schedule of payments. PBGC's regulation on Notice, Collection, 
and Redetermination of Withdrawal Liability (29 CFR part 4219) requires 
the plan sponsor to file with PBGC a certification that notices have 
been provided to employers.
    PBGC is proposing to collect information about withdrawal liability 
that is owed by withdrawn employers of terminated \1\ and insolvent \2\ 
multiemployer pension plans. PBGC would distribute a survey that 
insolvent plans receiving financial assistance and terminated plans not 
yet receiving financial assistance would be required to complete and 
return to PBGC. Smaller plans with less than 500 participants would not 
be required to complete the survey. PBGC needs the information from the 
survey about withdrawal liability payments and settlements, and whether 
employers have withdrawn from the plan but have not yet been assessed 
withdrawal liability, to estimate with more precision PBGC's 
multiemployer liabilities for purposes of its financial statements.\3\ 
PBGC would also use the information for its Multiemployer Pension 
Insurance Modelling System assumptions on collection of withdrawal 
liability. Information provided to PBGC would be confidential to the 
extent provided in the Freedom of Information Act and the Privacy Act.
---------------------------------------------------------------------------

    \1\ Under section 4041A(f)(2) of ERISA, PBGC may prescribe 
reporting requirements for terminated multiemployer pension plans, 
which PBGC considers appropriate to protect the interests of plan 
participants and beneficiaries or to prevent unreasonable loss to 
the corporation.
    \2\ Under section 4261(b)(1) of ERISA, PBGC provides financial 
assistance under such conditions as the corporation determines are 
equitable and are appropriate to prevent unreasonable loss to the 
corporation with respect to the plan.
    \3\ Section 4008 of ERISA requires the corporation, as soon as 
practicable after the close of each fiscal year, to transmit a 
report to the President and the Congress, including financial 
statements setting forth the finances of the corporation at the end 
of the fiscal year and the result of its operations (including the 
source and application of its funds) for the fiscal year.
---------------------------------------------------------------------------

    The survey would be sent to approximately 65 plans.\4\ PBGC 
estimates that each survey would require approximately 4 hours to 
complete by a combination of pension fund office staff (50%) and 
outside attorneys (50%). PBGC estimates an hour burden of 130 hours 
(based on pension fund office time). The estimated dollar equivalent of 
this hour burden, based on an assumed hourly rate of $75 for 
administrative, clerical, and supervisory time is $9,750. PBGC 
estimates a cost burden for the withdrawal liability survey of $52,000 
(based on 130 attorney hours assuming an average hourly rate of $400). 
PBGC further estimates that the average burden will be 2 hours of 
pension fund office staff time and $800 per plan.
---------------------------------------------------------------------------

    \4\ As of September 30, 2017, there were 68 terminated plans not 
yet receiving financial assistance and 72 insolvent plans that 
received financial assistance from PBGC. See PBGC FY 2017 Annual 
Report, page 94 at https://www.pbgc.gov/sites/default/files/pbgc-annual-report-2017.pdf. Approximately 65 of the plans have 500 or 
more participants.
---------------------------------------------------------------------------

    PBGC intends to request that OMB approve PBGC's use of this survey 
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 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.

    Issued in Washington, DC
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2018-13330 Filed 6-20-18; 8:45 am]
 BILLING CODE 7709-02-P
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