Sunshine Act Meetings, 44681 [2018-19129]
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Federal Register / Vol. 83, No. 170 / Friday, August 31, 2018 / Notices
OVERSEAS PRIVATE INVESTMENT
CORPORATION
Sunshine Act Meetings
FEDERAL REGISTER CITATION OF PREVIOUS
ANNOUNCEMENT: 83 FR 40095.
PREVIOUSLY ANNOUNCED TIME AND DATE OF
THE MEETING: 1 p.m., September 5, 2018.
OPIC’s
Sunshine Act notice of its Public
Hearing in Conjunction with each Board
meeting was published in the Federal
Register (Volume 83, Number 156,
Pages 40095–40096) on Monday, August
13, 2018. No requests were received to
provide testimony or submit written
statements for the record; therefore,
OPIC’s public hearing scheduled for 1
p.m., September 5, 2018, in conjunction
with OPIC’s September 13, 2018, Board
of Directors meeting has been cancelled.
CONTACT PERSON FOR INFORMATION:
Information on the hearing cancellation
may be obtained from Catherine F.I.
Andrade at (202) 336–8768, or via email
at Catherine.Andrade@opic.gov.
CHANGES IN THE MEETING:
Dated: August 29, 2018.
Catherine F.I. Andrade,
OPIC Corporate Secretary.
[FR Doc. 2018–19129 Filed 8–29–18; 4:15 pm]
BILLING CODE 3210–01–P
PENSION BENEFIT GUARANTY
CORPORATION
Proposed Submission of Information
Collection for OMB Review; Comment
Request; Qualified Domestic Relations
Orders Submitted to PBGC
Pension Benefit Guaranty
Corporation.
ACTION: Notice of intent to request
extension of OMB approval.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) intends to request
that the Office of Management and
Budget extend its approval (with
modifications), under the Paperwork
Reduction Act of 1995, of the
information collection related to PBGC’s
booklet, Qualified Domestic Relations
Orders & PBGC. This notice informs the
public of PBGC’s intent and solicits
public comment on the collection of
information.
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
Comments must be submitted by
October 30, 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:
VerDate Sep<11>2014
18:42 Aug 30, 2018
Jkt 244001
• 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.
All submissions received must
include the agency’s name (Pension
Benefit Guaranty Corporation, or PBGC)
and refer to OMB Control No. 1212–
0054. All comments received will be
posted without change to PBGC’s
website, https://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:
Karen Levin (levin.karen@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 3559.
(TTY users may call the Federal relay
service toll-free at 800–877–8339 and
ask to be connected to 202–326–4400,
extension 3559.)
SUPPLEMENTARY INFORMATION: A defined
benefit pension plan that does not have
enough money to pay benefits may be
terminated if the employer responsible
for the plan faces severe financial
difficulty, such as bankruptcy, and is
unable to maintain the plan. In such an
event, PBGC becomes trustee of the plan
and pays benefits, subject to legal limits,
to plan participants and beneficiaries.
The benefits of a pension plan
participant generally may not be
assigned or alienated. Title I of ERISA
provides an exception for domestic
relations orders that relate to child
support, alimony payments, or marital
property rights of an alternate payee (a
spouse, former spouse, child, or other
dependent of a plan participant). The
exception applies only if the domestic
relations order meets specific legal
requirements that make it a qualified
domestic relations order (QDRO).
When PBGC is trustee of a plan, it
reviews submitted domestic relations
orders to determine whether the order is
qualified before paying benefits to an
alternate payee. The requirements for
submitting a domestic relations order
and the contents of such orders are
established by statute. The models and
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44681
the guidance provided by PBGC assist
parties by making it easier for them to
comply with ERISA’s QDRO
requirements in plans trusteed by PBGC;
they do not create any additional
requirements and result in a reduction
of the statutory burden.
The Office of Management and
Budget(OMB) has approved the
collection of information in PBGC’s
booklet, Qualified Domestic Relations
Orders & PBGC under control number
1212–0054 through December 31, 2018.
PBGC intends to request that OMB
extend approval of the collection of
information 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 estimates that it will receive
approximately 630 domestic relations
orders each year from prospective
alternate payees and participants. PBGC
further estimates that the total average
annual burden of this collection of
information will be approximately 3,576
hours and $894,000.
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;
• 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.
Stephanie Cibinic,
Deputy Assistant General Counsel for
Regulatory Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2018–19004 Filed 8–30–18; 8:45 am]
BILLING CODE 7709–02–P
E:\FR\FM\31AUN1.SGM
31AUN1
Agencies
[Federal Register Volume 83, Number 170 (Friday, August 31, 2018)]
[Notices]
[Page 44681]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19129]
[[Page 44681]]
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OVERSEAS PRIVATE INVESTMENT CORPORATION
Sunshine Act Meetings
FEDERAL REGISTER CITATION OF PREVIOUS ANNOUNCEMENT: 83 FR 40095.
PREVIOUSLY ANNOUNCED TIME AND DATE OF THE MEETING: 1 p.m., September 5,
2018.
CHANGES IN THE MEETING: OPIC's Sunshine Act notice of its Public
Hearing in Conjunction with each Board meeting was published in the
Federal Register (Volume 83, Number 156, Pages 40095-40096) on Monday,
August 13, 2018. No requests were received to provide testimony or
submit written statements for the record; therefore, OPIC's public
hearing scheduled for 1 p.m., September 5, 2018, in conjunction with
OPIC's September 13, 2018, Board of Directors meeting has been
cancelled.
CONTACT PERSON FOR INFORMATION: Information on the hearing cancellation
may be obtained from Catherine F.I. Andrade at (202) 336-8768, or via
email at [email protected].
Dated: August 29, 2018.
Catherine F.I. Andrade,
OPIC Corporate Secretary.
[FR Doc. 2018-19129 Filed 8-29-18; 4:15 pm]
BILLING CODE 3210-01-P