Submission of Information Collection for OMB Review; Comment Request; Locating and Paying Participants, 39479 [2018-17019]
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Federal Register / Vol. 83, No. 154 / Thursday, August 9, 2018 / Notices
constitute a Fair Use application,
participants are requested not to include
copyrighted materials in their
submission.
Dated at Rockville, Maryland, this 3rd day
of August 2018.
For the Nuclear Regulatory Commission.
Stephen S. Koenick,
Chief, Materials Decommissioning Branch,
Division of Decommissioning, Uranium
Recovery, and Waste Programs, Office of
Nuclear Material Safety and Safeguards.
[FR Doc. 2018–17039 Filed 8–8–18; 8:45 am]
BILLING CODE 7590–01–P
PENSION BENEFIT GUARANTY
CORPORATION
Submission of Information Collection
for OMB Review; Comment Request;
Locating and Paying Participants
Pension Benefit Guaranty
Corporation.
ACTION: Notice of request for extension
of OMB approval.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) is requesting that
the Office of Management and Budget
(OMB) extend approval, with
modifications, to a collection of
information under the Paperwork
Reduction Act. The purpose of the
information collection is to enable
PBGC to pay benefits to participants and
beneficiaries. This notice informs the
public of PBGC’s request and solicits
public comment on the collection.
DATES: Comments must be submitted by
September 10, 2018.
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
on PBGC’s website 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, 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 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 information to
you, as you request.
sradovich on DSK3GMQ082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
18:11 Aug 08, 2018
Jkt 244001
FOR FURTHER INFORMATION CONTACT:
Stephanie Cibinic (cibinc.stephanie@
pbgc.gov), Deputy Assistant General
Counsel, Regulatory Affairs Division,
Office of the General Counsel, Pension
Benefit Guaranty Corporation, 1200 K
Street NW, Washington, DC 20005–
4026, 202 326–4400, extension 6352.
TTY users may call the Federal relay
service toll-free at 800–877–8339 and
ask to be connected to 202–326–4400.
SUPPLEMENTARY INFORMATION: This
information collection is needed to pay
participants and beneficiaries who may
be entitled to pension benefits from
plans that have terminated. It consists of
information participants and
beneficiaries are asked to provide in
connection with an application for
benefits. In addition, in some instances,
PBGC requests individuals to provide
identifying information so that it may
determine whether the individuals may
be entitled to benefits. All requested
information is needed so that PBGC may
determine benefit entitlements and
make appropriate payments.
This information collection includes
My Pension Benefit Account (MyPBA),
an application on PBGC’s website,
https://www.pbgc.gov, through which
plan participants and beneficiaries may
conduct electronic transactions with
PBGC, including applying for pension
benefits, designating a beneficiary,
electing monthly payments, electing to
withhold income tax from periodic
payments, changing contact
information, and applying for electronic
direct deposit.
PBGC is proposing to revise one form
in this collection, the Power of Attorney
Form (Form 715). The proposed revision
would include:
• Features previously unavailable—
granting a durable power of attorney
(DPOA) in addition to a nondurable
power of attorney (NDPOA), and
allowing a principal to name up to three
agents to act on her behalf with PBGC
(and to designate whether the agents
have independent or joint authority),
whereas the current form only has room
for one agent to be named;
• Features that would protect the
principal—heightened requirements for
granting authority and for executing the
document (i.e., the principal’s signature
must be witnessed and notarized, and
witnesses must meet certain criteria);
and
• A ‘‘Notice to the Principal,’’ to alert
the principal about what powers she is
granting to a designated agent, and an
‘‘Agent’s Acknowledgement’’ to inform
the agent about her duties and liabilities
with respect to handling the principal’s
affairs.
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
39479
PBGC believes these revisions provide
greater flexibility and greater
protections against fraud for customers
using the Form 715. Customers are not
required to use this form and can use
other DPOAs or NDPOAs that comply
with applicable state laws.
The existing collection of information
was approved under OMB control
number 1212–0055 (expires March 31,
2019). On May 16, 2018, PBGC
published in the Federal Register (at 83
FR 22715) a notice informing the public
of its intent to request an extension of
this collection of information, as
modified. No comments were received.
PBGC is requesting that OMB extend
approval of the collection (with
modifications to the Form 715) 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 estimates that it will receive
175,397 benefit applications and
information forms annually. The total
annual burden associated with this
collection of information is estimated to
be 108,440 hours (approximately one
hour for benefit applications and 30
minutes for information forms) and an
estimated $56,711, which is the total
average maximum cost of notary
services for spousal consents on benefit
applications and for the Form 715.
PBGC estimates that 710 out of the
175,397 applications and forms
submitted annually are Form 715, and
that the total annual burden to complete
the Form 715 would be approximately
355 hours and $2,485.
Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for
Regulatory Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2018–17019 Filed 8–8–18; 8:45 am]
BILLING CODE 7709–02–P
POSTAL REGULATORY COMMISSION
[Docket Nos. MC2018–203 and CP2018–282]
New Postal Products
Postal Regulatory Commission.
Notice.
AGENCY:
ACTION:
The Commission is noticing a
recent Postal Service filing for the
Commission’s consideration concerning
negotiated service agreements. This
notice informs the public of the filing,
invites public comment, and takes other
administrative steps.
DATES: Comments are due: August 13,
2018.
SUMMARY:
E:\FR\FM\09AUN1.SGM
09AUN1
]]>Agencies
[Federal Register Volume 83, Number 154 (Thursday, August 9, 2018)]
[Notices]
[Page 39479]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17019]
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PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review; Comment
Request; Locating and Paying Participants
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval.
-----------------------------------------------------------------------
SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting
that the Office of Management and Budget (OMB) extend approval, with
modifications, to a collection of information under the Paperwork
Reduction Act. The purpose of the information collection is to enable
PBGC to pay benefits to participants and beneficiaries. This notice
informs the public of PBGC's request and solicits public comment on the
collection.
DATES: Comments must be submitted by September 10, 2018.
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 on PBGC's website 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, 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 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 information to you, as you request.
FOR FURTHER INFORMATION CONTACT: Stephanie Cibinic
([email protected]), Deputy Assistant General Counsel,
Regulatory Affairs Division, Office of the General Counsel, Pension
Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005-
4026, 202 326-4400, extension 6352. TTY users may call the Federal
relay service toll-free at 800-877-8339 and ask to be connected to 202-
326-4400.
SUPPLEMENTARY INFORMATION: This information collection is needed to pay
participants and beneficiaries who may be entitled to pension benefits
from plans that have terminated. It consists of information
participants and beneficiaries are asked to provide in connection with
an application for benefits. In addition, in some instances, PBGC
requests individuals to provide identifying information so that it may
determine whether the individuals may be entitled to benefits. All
requested information is needed so that PBGC may determine benefit
entitlements and make appropriate payments.
This information collection includes My Pension Benefit Account
(MyPBA), an application on PBGC's website, https://www.pbgc.gov, through
which plan participants and beneficiaries may conduct electronic
transactions with PBGC, including applying for pension benefits,
designating a beneficiary, electing monthly payments, electing to
withhold income tax from periodic payments, changing contact
information, and applying for electronic direct deposit.
PBGC is proposing to revise one form in this collection, the Power
of Attorney Form (Form 715). The proposed revision would include:
Features previously unavailable--granting a durable power
of attorney (DPOA) in addition to a nondurable power of attorney
(NDPOA), and allowing a principal to name up to three agents to act on
her behalf with PBGC (and to designate whether the agents have
independent or joint authority), whereas the current form only has room
for one agent to be named;
Features that would protect the principal--heightened
requirements for granting authority and for executing the document
(i.e., the principal's signature must be witnessed and notarized, and
witnesses must meet certain criteria); and
A ``Notice to the Principal,'' to alert the principal
about what powers she is granting to a designated agent, and an
``Agent's Acknowledgement'' to inform the agent about her duties and
liabilities with respect to handling the principal's affairs.
PBGC believes these revisions provide greater flexibility and
greater protections against fraud for customers using the Form 715.
Customers are not required to use this form and can use other DPOAs or
NDPOAs that comply with applicable state laws.
The existing collection of information was approved under OMB
control number 1212-0055 (expires March 31, 2019). On May 16, 2018,
PBGC published in the Federal Register (at 83 FR 22715) a notice
informing the public of its intent to request an extension of this
collection of information, as modified. No comments were received. PBGC
is requesting that OMB extend approval of the collection (with
modifications to the Form 715) 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 estimates that it will receive 175,397 benefit applications
and information forms annually. The total annual burden associated with
this collection of information is estimated to be 108,440 hours
(approximately one hour for benefit applications and 30 minutes for
information forms) and an estimated $56,711, which is the total average
maximum cost of notary services for spousal consents on benefit
applications and for the Form 715. PBGC estimates that 710 out of the
175,397 applications and forms submitted annually are Form 715, and
that the total annual burden to complete the Form 715 would be
approximately 355 hours and $2,485.
Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension
Benefit Guaranty Corporation.
[FR Doc. 2018-17019 Filed 8-8-18; 8:45 am]
BILLING CODE 7709-02-P
