Submission of Information Collection for OMB Review; Comment Request; Request for Coverage Determination, 20168-20169 [2019-09394]

Download as PDF 20168 Federal Register / Vol. 84, No. 89 / Wednesday, May 8, 2019 / Notices Planning, Projects and Enterprise Planning Records (DAA–0474–2018– 0004). 26. Federal Retirement Thrift Investment Board, Office of External Affairs, External Affairs Records (DAA– 0474–2017–0004). 27. Government Publishing Office, Agency-wide, Revisions to the Comprehensive Schedule (DAA–0149– 2018–0001). 28. Surface Transportation Board, Office of Proceedings, Finance Dockets (DAA–0134–2013–0025). Laurence Brewer, Chief Records Officer for the U.S. Government. [FR Doc. 2019–09461 Filed 5–7–19; 8:45 am] BILLING CODE 7515–01–P NATIONAL SCIENCE FOUNDATION STEM Education Advisory Panel Notice of Meeting khammond on DSKBBV9HB2PROD with NOTICES In accordance with the Federal Advisory Committee Act (Pub. L. 92–463, as amended), the National Science Foundation (NSF) announces the following meeting: Name and Committee Code: STEM Education Advisory Panel (#2624). Date and Time: May 31, 2019; 9:00 a.m.–12:00 p.m. Place: National Science Foundation, 2415 Eisenhower Avenue, Alexandria, VA 22314. Type of Meeting: Closed. Contact Person: Keaven Stevenson, Directorate Administrative Coordinator, Room C 11044, National Science Foundation, 2415 Eisenhower Avenue, Alexandria, VA 22314; Contact Information: 703–292–8663/kstevens@ nsf.gov. Purpose of Meeting: To share and collect information in support of members’ role in advising the Committee on Science, Technology, Engineering, and Mathematics Education (CoSTEM). Agenda: Update and discussion on an internal government draft report. Reason for Closing: The panel will review and discuss a draft government report. This discussion must be kept confidential as the conversation will be about potential actions and/or activities agencies are considering for the future. These matters are exempt under 5 U.S.C. 552b(c), (9)(B) of the Government in the Sunshine Act. Dated: May 2, 2019. Crystal Robinson, Committee Management Officer. [FR Doc. 2019–09357 Filed 5–7–19; 8:45 am] BILLING CODE 7555–01–P VerDate Sep<11>2014 16:57 May 07, 2019 Jkt 247001 NATIONAL TRANSPORTATION SAFETY BOARD Sunshine Act Meeting 1:00 p.m., Tuesday, May 21, 2019. PLACE: NTSB Conference Center, 429 L’Enfant Plaza SW, Washington, DC 20594. STATUS: The one item is open to the public. MATTERS TO BE CONSIDERED: 58913 Railroad Accident Report— Amtrak Passenger Train 501 Derailment, 12/18/2017, DuPont, WA NEWS MEDIA CONTACT: Telephone: (202) 314–6100. The press and public may enter the NTSB Conference Center one hour prior to the meeting for set up and seating. Individuals requesting specific accommodations should contact Rochelle McCallister at (202) 314–6305 or by email at Rochelle.McCallister@ ntsb.gov by Wednesday, May 15, 2019. The public may view the meeting via a live or archived webcast by accessing a link under ‘‘News & Events’’ on the NTSB home page at www.ntsb.gov. Schedule updates, including weatherrelated cancellations, are also available at www.ntsb.gov. FOR MORE INFORMATION CONTACT: Candi Bing at (202) 314–6403 or by email at bingc@ntsb.gov. FOR MEDIA INFORMATION CONTACT: Terry Williams at (202) 314–6100 or by email at terry.williams@ntsb.gov. TIME AND DATE: Dated: Monday, May 6, 2019. LaSean R. McCray, Assistant Federal Register Liaison Officer. [FR Doc. 2019–09625 Filed 5–6–19; 4:15 pm] BILLING CODE 7533–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Request for Coverage Determination Pension Benefit Guaranty Corporation. ACTION: Notice of request for OMB approval. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) approve, under the Paperwork Reduction Act, a collection of information necessary for PBGC to determine whether a plan is covered under title IV of the Employee Retirement Security Income Act of 1974. SUMMARY: PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 This notice informs the public of PBGC’s request and solicits public comment on the collection. DATES: Comments must be submitted by June 7, 2019. 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_ submission@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. FOR FURTHER INFORMATION CONTACT: Melissa Rifkin (rifkin.melissa@ 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 6563. 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 6563. SUPPLEMENTARY INFORMATION: PBGC insures defined benefit pension plans covered under title IV of the Employee Retirement Income Security Act of 1974 (ERISA). A plan is covered if it is described in section 4021(a) of ERISA and does not meet one of the exemptions from coverage listed in section 4021(b)(1)–(13). If a question arises about whether a plan is covered under title IV, PBGC may make a coverage determination. The proposed form and instructions would be used by a plan sponsor or plan administrator to request a coverage determination and would be suitable for all types of requests. The proposed form would highlight the four plan types for which coverage determinations are most frequently requested: (1) Church plans as listed in section 4021(b)(3) of ERISA; (2) plans that are established and maintained exclusively for the benefit of plan sponsors’ substantial owners as listed in section 4021(b)(9); (3) plans covering, since September 2, 1974, no more than 25 active participants that are E:\FR\FM\08MYN1.SGM 08MYN1 khammond on DSKBBV9HB2PROD with NOTICES Federal Register / Vol. 84, No. 89 / Wednesday, May 8, 2019 / Notices established and maintained by professional services employers as listed in section 4021(b)(13); and (4) Puerto Rico-based plans within the meaning of section 1022(i)(1) of ERISA. PBGC needs this information collection to determine whether a plan is covered or not covered under title IV. Information provided to PBGC would be confidential to the extent provided in the Freedom of Information Act and the Privacy Act. On December 4, 2018, PBGC published in the Federal Register (at 83 FR 62629) a notice informing the public of its intent to request an approval of this collection of information. PBGC received comments from three commenters about this collection of information. One commenter expressed approval for the creation of the form for its intended purpose. The other two commenters recommended some changes. After consideration of these recommendations, PBGC made some changes to the form and instructions. Among the changes, in response to a suggestion to allow a plan not yet in existence to request a coverage determination, PBGC modified the form and instructions to enable certain plans not yet established to use the form to request an opinion from PBGC. The instructions now explain that, under a pilot program, a plan that is proposed but not yet established may request an opinion from PBGC as to whether the sponsoring employer is a professional service employer under section 4021(b)(13) of ERISA or whether all participants are substantial owners under section 4021(b)(9). The comments and PBGC’s rationale for its decisions are discussed in the supporting statement submitted to OMB for this information collection. PBGC is requesting that OMB approve of the collection 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 425 forms would be submitted each year. PBGC estimates that each form would require approximately 20 hours to complete by a combination of plan office staff (50%) and outside professionals (attorneys and actuaries) (50%). PBGC estimates an annual hour burden of 4,250 hours (based on plan 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 $318,750. PBGC estimates an annual cost burden of $1,487,500 (based on 4,250 professional VerDate Sep<11>2014 16:57 May 07, 2019 Jkt 247001 hours assuming an average hourly rate of $350). Issued in Washington, DC. Hilary Duke, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2019–09394 Filed 5–7–19; 8:45 am] BILLING CODE 7709–02–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–85760; File No. SR– CboeBZX–2019–032] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To List and Trade Under BZX Rule 14.11(d)(2)(K)(i) Shares of the iPath S&P MLP ETN Issued by Barclays Bank PLC May 2, 2019. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 notice is hereby given that on April 25, 2019, Cboe BZX Exchange, Inc. (‘‘Exchange’’ or ‘‘BZX’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Exchange filed the proposal as a ‘‘non-controversial’’ proposed rule change pursuant to Section 19(b)(3)(A)(iii) of the Act 3 and Rule 19b–4(f)(6) thereunder.4 The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposed rule change to list and trade under BZX Rule 14.11(d)(2)(K)(i) shares of the iPath S&P MLP ETN (the ‘‘Notes’’) issued by Barclays Bank PLC (‘‘Barclays’’ or the ‘‘Issuer’’), which are currently listed on NYSE Arca, Inc. (‘‘Arca’’). The Exchange has designated this proposal as noncontroversial and provided the Commission with the notice required by Rule 19b–4(f)(6)(iii) under the Act.5 The text of the proposed rule change is also available on the Exchange’s website (http://markets.cboe.com/us/ equities/regulation/rule_filings/bzx/), at 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(3)(A)(iii). 4 17 CFR 240.19b–4(f)(6). 5 17 CFR 240.19b–4(f)(6)(iii). 2 17 PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 20169 the Exchange’s Office of the Secretary, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to list and trade the Notes 6 on the Exchange. The Exchange is submitting this proposed rule change because the Index 7 does not currently meet all of the ‘‘generic’’ listing requirements of BZX 14.11(d)(2)(K)(i)(a)(2) 8 applicable to the listing of Equity Index-Linked Securities. The Index meets all requirements of Rule 14.11(d)(2)(K)(i) except for Rule 14.11(d)(2)(K)(i)(a)(2)(C) 9 and will 6 The Exchange notes that the Notes are currently listed on Arca pursuant to that exchange’s generic listing standards. 7 The index underlying the Notes is the S&P MLP Index (the ‘‘Index’’). The Index is designed to provide exposure to leading partnerships that trade on major U.S. exchanges and are classified in the GICS Energy Sector and GICS Gas Utilities Industry according to the Global Industry Classification Standard. It includes both master limited partnerships (‘‘MLPs’’) and publicly traded limited liability companies which have a similar legal structure to MLPs and share the same tax benefits as MLPs (the ‘‘Index Constituents’’). The Index is calculated, maintained and published by S&P Dow Jones Indices LLC (the ‘‘Index Provider’’). The composition of the Index is rebalanced annually after the market close of the third Friday of October. 8 The Commission approved BZX Rule 14.11(d) in Securities Exchange Act Release No. 65225 (August 30, 2011), 76 FR 55148 (September 6, 2011) (SR– BATS–2011–018). 9 BZX Rule 14.11(d)(2)(K)(i)(a)(2)(C) provides that no underlying component security (excluding Derivative Securities Products and Linked Securities) will represent more than 25% of the weight of the index, and, to the extent applicable, the five highest weighted component securities in the index (excluding Derivative Securities Products and Linked Securities) do not in the aggregate account for more than 50% of the weight of the index (60% for an index consisting of fewer than 25 component securities). Specifically, the five highest weighted component securities in the Index, as defined below, represent 52% of the weight of the Index. E:\FR\FM\08MYN1.SGM 08MYN1

Agencies

[Federal Register Volume 84, Number 89 (Wednesday, May 8, 2019)]
[Notices]
[Pages 20168-20169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09394]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Request for Coverage Determination

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for OMB approval.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
that the Office of Management and Budget (OMB) approve, under the 
Paperwork Reduction Act, a collection of information necessary for PBGC 
to determine whether a plan is covered under title IV of the Employee 
Retirement Security Income Act of 1974. This notice informs the public 
of PBGC's request and solicits public comment on the collection.

DATES: Comments must be submitted by June 7, 2019.

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: Melissa Rifkin 
([email protected]), 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 
6563. 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 6563.

SUPPLEMENTARY INFORMATION: PBGC insures defined benefit pension plans 
covered under title IV of the Employee Retirement Income Security Act 
of 1974 (ERISA). A plan is covered if it is described in section 
4021(a) of ERISA and does not meet one of the exemptions from coverage 
listed in section 4021(b)(1)-(13). If a question arises about whether a 
plan is covered under title IV, PBGC may make a coverage determination.
    The proposed form and instructions would be used by a plan sponsor 
or plan administrator to request a coverage determination and would be 
suitable for all types of requests. The proposed form would highlight 
the four plan types for which coverage determinations are most 
frequently requested: (1) Church plans as listed in section 4021(b)(3) 
of ERISA; (2) plans that are established and maintained exclusively for 
the benefit of plan sponsors' substantial owners as listed in section 
4021(b)(9); (3) plans covering, since September 2, 1974, no more than 
25 active participants that are

[[Page 20169]]

established and maintained by professional services employers as listed 
in section 4021(b)(13); and (4) Puerto Rico-based plans within the 
meaning of section 1022(i)(1) of ERISA.
    PBGC needs this information collection to determine whether a plan 
is covered or not covered under title IV. Information provided to PBGC 
would be confidential to the extent provided in the Freedom of 
Information Act and the Privacy Act.
    On December 4, 2018, PBGC published in the Federal Register (at 83 
FR 62629) a notice informing the public of its intent to request an 
approval of this collection of information. PBGC received comments from 
three commenters about this collection of information. One commenter 
expressed approval for the creation of the form for its intended 
purpose. The other two commenters recommended some changes. After 
consideration of these recommendations, PBGC made some changes to the 
form and instructions. Among the changes, in response to a suggestion 
to allow a plan not yet in existence to request a coverage 
determination, PBGC modified the form and instructions to enable 
certain plans not yet established to use the form to request an opinion 
from PBGC. The instructions now explain that, under a pilot program, a 
plan that is proposed but not yet established may request an opinion 
from PBGC as to whether the sponsoring employer is a professional 
service employer under section 4021(b)(13) of ERISA or whether all 
participants are substantial owners under section 4021(b)(9). The 
comments and PBGC's rationale for its decisions are discussed in the 
supporting statement submitted to OMB for this information collection.
    PBGC is requesting that OMB approve of the collection 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 425 forms would be submitted each year. PBGC 
estimates that each form would require approximately 20 hours to 
complete by a combination of plan office staff (50%) and outside 
professionals (attorneys and actuaries) (50%). PBGC estimates an annual 
hour burden of 4,250 hours (based on plan 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 $318,750. 
PBGC estimates an annual cost burden of $1,487,500 (based on 4,250 
professional hours assuming an average hourly rate of $350).

Issued in Washington, DC.

Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2019-09394 Filed 5-7-19; 8:45 am]
BILLING CODE 7709-02-P