Civil Service Retirement System; Present Value Factors, 24187-24188 [2019-10851]
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Federal Register / Vol. 84, No. 101 / Friday, May 24, 2019 / Notices
television cameras during the meeting
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permitted only during the open portions
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ACRS meeting agendas, meeting
transcripts, and letter reports are
available through the NRC Public
Document Room at pdr.resource@
nrc.gov, or by calling the PDR at 1–800–
397–4209, or from the Publicly
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reading-rm/doc-collections/#ACRS/.
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Dated: May 21, 2019.
Russell E. Chazell,
Federal Advisory Committee Management
Officer, Office of the Secretary.
BILLING CODE 7590–01–P
PENSION BENEFIT GUARANTY
CORPORATION
Submission of Information Collection
for OMB Review; Comment Request;
Administrative Appeals
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, under the
Paperwork Reduction Act, of a
collection of information under its
regulation on Rules for Administrative
Review of Agency Decisions. This
notice informs the public of PBGC’s
request and solicits public comment on
the collection of information.
DATES: Comments must be submitted by
June 24, 2019.
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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.
PBGC’s
regulation on Rules for Administrative
Review of Agency Decisions (29 CFR
part 4003) prescribes rules governing
the issuance of initial determinations by
PBGC and the procedures for requesting
and obtaining administrative review of
initial determinations. Certain types of
initial determinations are subject to
administrative appeals, which are
covered in subpart D of the regulation.
Subpart D prescribes rules on who may
file appeals, when and where to file
appeals, contents of appeals, and other
matters relating to appeals.
Most appeals filed with PBGC are
filed by individuals (participants,
beneficiaries, and alternate payees) in
connection with benefit entitlement or
amounts. A small number of appeals are
filed by employers in connection with
other matters, such as plan coverage
under section 4021 of ERISA or
employer liability under sections
4062(b)(1), 4063, or 4064. Appeals may
be filed by hand, mail, commercial
delivery service, fax or email. For
appeals of benefit determinations, PBGC
has optional forms for filing appeals and
requests for extensions of time to
appeal.
SUPPLEMENTARY INFORMATION:
[FR Doc. 2019–10870 Filed 5–23–19; 8:45 am]
SUMMARY:
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 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 users may call the
Federal Relay Service toll-free at 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.
ADDRESSES:
PO 00000
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24187
The existing collection of information
was approved under OMB control
number 1212–0061 (expires August 31,
2019). On March 21, 2019, PBGC
published in the Federal Register (at 84
FR 10554) a notice informing the public
of its intent to request an extension of
this collection of information. No
comments were received. PBGC is
requesting that OMB extend approval of
this collection of information for three
years without change. 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 an average of 600
appellants per year will respond to this
collection of information. PBGC further
estimates that the average annual
burden of this collection of information
is about 20 minutes and $55.67 per
appellant, with an average total annual
burden of 212 hours and $33,440.
Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory
Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2019–10952 Filed 5–23–19; 8:45 am]
BILLING CODE 7709–02–P
OFFICE OF PERSONNEL
MANAGEMENT
Civil Service Retirement System;
Present Value Factors
Office of Personnel
Management.
ACTION: Notice; correction.
AGENCY:
The Office of Personnel
Management published a document in
the Federal Register of May 17, 2019,
concerning adjusted present value
factors applicable to retirees under the
Civil Service Retirement System (CSRS)
who elect to provide survivor annuity
benefits to a spouse based on postretirement marriage; to retiring
employees who elect the alternative
form of annuity, owe certain redeposits
based on refunds of contributions for
service ending before March 1, 1991, or
elect to credit certain service with
nonappropriated fund instrumentalities;
or, for individuals with certain types of
retirement coverage errors who can elect
to receive credit for service by taking an
actuarial reduction under the provisions
of the Federal Erroneous Retirement
Coverage Correction Act. The document
referenced a different, separate notice
and cited incorrect publication dates for
the other notice.
FOR FURTHER INFORMATION CONTACT:
Karla Yeakle, (202) 606–0299.
SUMMARY:
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24188
Federal Register / Vol. 84, No. 101 / Friday, May 24, 2019 / Notices
SUPPLEMENTARY INFORMATION:
Correction:
In the Federal Register of May 17,
2019, in FR Doc. 84 FR 22525, on page
22526, in the second column, the notice
cross references another notice that
revises the normal cost percentage
under the Federal Employees’
Retirement System (FERS) Act of 1986,
Public Law 99–335. It states that the
Federal Employees’ Retirement System
(FERS) Normal Cost notice was
published May 17, 2019. It was actually
published May 20, 2019.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2019–10851 Filed 5–23–19; 8:45 am]
BILLING CODE 6325–38–P
OFFICE OF PERSONNEL
MANAGEMENT
Federal Employees’ Retirement
System; Present Value Factors
Office of Personnel
Management.
ACTION: Notice, correction.
AGENCY:
The Office of Personnel
Management published a document in
the Federal Register of May 17, 2019,
concerning adjusted present value
factors applicable to retirees who elect
to provide survivor annuity benefits to
a spouse based on post-retirement
marriage, and to retiring employees who
elect the alternative form of annuity or
elect to credit certain service with
nonappropriated fund instrumentalities.
The document referenced a different,
separate notice and cited incorrect
publication dates for the other notice.
FOR FURTHER INFORMATION CONTACT:
Karla Yeakle, (202) 606–0299.
SUPPLEMENTARY INFORMATION:
khammond on DSKBBV9HB2PROD with NOTICES
SUMMARY:
Correction
In the Federal Register of May 17,
2019, in FR Doc. 84 FR 22527, on page
22528, in the first column, the notice
cross references another notice that
revises the normal cost percentage
under the Federal Employees’
Retirement System (FERS) Act of 1986,
Public Law 99–335. It states that the
Federal Employees’ Retirement System
(FERS) Normal Cost notice was
published May 17, 2019. It was actually
published May 20, 2019.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2019–10850 Filed 5–23–19; 8:45 am]
BILLING CODE 6325–38–P
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SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–85896; File No. SR–
CboeBZX–2019–004]
Self-Regulatory Organizations; Cboe
BZX Exchange, Inc.; Order Instituting
Proceedings To Determine Whether To
Approve or Disapprove a Proposed
Rule Change To List and Trade Shares
of the VanEck SolidX Bitcoin Trust
May 20, 2019.
On January 30, 2019, Cboe BZX
Exchange, Inc. (‘‘BZX’’ or ‘‘Exchange’’)
filed with the Securities and Exchange
Commission (‘‘Commission’’), pursuant
to Section 19(b)(1) of the Securities
Exchange Act of 1934 (‘‘Act’’) 1 and Rule
19b–4 thereunder,2 a proposed rule
change to list and trade shares of SolidX
Bitcoin Shares (‘‘Shares’’) issued by the
VanEck SolidX Bitcoin Trust (‘‘Trust’’)
under BZX Rule 14.11(e)(4),
Commodity-Based Trust Shares. The
proposed rule change was published for
comment in the Federal Register on
February 20, 2019.3
On March 29, 2019, pursuant to
Section 19(b)(2) of the Act,4 the
Commission designated a longer period
within which to approve the proposed
rule change, disapprove the proposed
rule change, or institute proceedings to
determine whether to disapprove the
proposed rule change.5 The Commission
has received 25 comment letters on the
proposed rule change.6 This order
institutes proceedings under Section
19(b)(2)(B) of the Act 7 to determine
whether to approve or disapprove the
proposed rule change.
I. Summary of the Proposal
As described in detail in the Notice,8
the Exchange proposes to list and trade
the Shares under BZX Rule 14.11(e)(4),
which governs the listing and trading of
Commodity-Based Trust Shares on the
Exchange.9 Each Share would represent
1 15
U.S.C. 78s(b)(1).
CFR 240.19b–4.
3 See Securities Exchange Act Release No. 85119
(Feb. 13, 2019), 84 FR 5140 (Feb. 20, 2019)
(‘‘Notice’’).
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 85475
(Mar. 29, 2019), 84 FR 13345 (Apr. 4, 2019). The
Commission designated May 21, 2019, as the date
by which it should approve, disapprove, or institute
proceedings to determine whether to disapprove the
proposed rule change.
6 Comments on the proposed rule change can be
found at: https://www.sec.gov/comments/srcboebzx-2019-004/srcboebzx2019004.htm.
7 15 U.S.C. 78s(b)(2)(B).
8 See Notice, supra note 3.
9 See BZX Rule 14.11(e)(4) (permitting the listing
and trading of ‘‘Commodity-Based Trust Shares,’’
defined as a security (a) that is used by a trust
which holds a specified commodity deposited with
2 17
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a fractional undivided beneficial
interest in the Trust’s net assets. The
Trust’s assets would consist of bitcoin,
and the Trust would be responsible for
custody of the Trust’s bitcoin.10 SolidX
Management LLC would be the sponsor
of the Trust (‘‘Sponsor’’). The Bank of
New York Mellon would be the
Administrator, transfer agent, and the
custodian with respect to cash of the
Trust. Foreside Fund Services, LLC
would be the marketing agent in
connection with the creation and
redemption of baskets of Shares. Van
Eck Securities Corporation would
provide assistance in the marketing of
the Shares.11
According to the Exchange, the
investment objective of the Trust would
be for the Shares to reflect the
performance of the price of bitcoin, less
the expenses of the Trust’s operations.
The Trust would not be actively
managed and would not engage in
activities designed to obtain a profit
from, or to ameliorate losses caused by,
changes in the price of bitcoin.12 The
Administrator would generally use the
closing price set for bitcoin by the MVIS
Bitcoin OTC Index (‘‘MVBTCO’’) to
calculate the Fund’s net asset value
(‘‘NAV’’) on each business day that the
Exchange is open for regular trading, as
promptly as practicable after 4:00 p.m.
E.T.13
According to the Exchange, the
MVBTCO represents the value of one
bitcoin in U.S. dollars at any point in
time. The Exchange represents that the
MVBTCO calculates the intra-day price
of bitcoin every 15 seconds and a
closing price as of 4:00 p.m. E.T., each
the trust; (b) that is issued by such trust in a
specified aggregate minimum number in return for
a deposit of a quantity of the underlying
commodity; and (c) that, when aggregated in the
same specified minimum number, may be
redeemed at a holder’s request by such trust which
will deliver to the redeeming holder the quantity of
the underlying commodity).
10 See Notice, supra note 3, 84 FR at 5141.
11 See id.
12 See id.
13 See id. at 5147. In the event that the Sponsor
determines that this valuation method has failed,
the Sponsor will determine the bitcoin market price
on the valuation date according to a set of
alternative methods to be used in the following
order: (a) The mid-point price of the bid/ask spread
as of 4:00 p.m. E.T. obtained by the Sponsor from
any bitcoin over-the-counter (‘‘OTC’’) platform that
is part of the MVBTCO index; (b) the volumeweighted average price over the 24-hour period
ending at 4:00 p.m. E.T. as published by a public
data feed that is calculated based upon a volumeweighted average bitcoin price obtained from the
major U.S. dollar-denominated bitcoin exchanges
and that the Sponsor determines is reasonably
reliable; and (c) the Sponsor’s best judgment of a
good faith estimate of the bitcoin market price.
Greater detail concerning the alternative pricing
procedures if the MVBTCO cannot be utilized as the
basis for NAV calculations can be found in the
Notice. See id.
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]]>Agencies
[Federal Register Volume 84, Number 101 (Friday, May 24, 2019)]
[Notices]
[Pages 24187-24188]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-10851]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF PERSONNEL MANAGEMENT
Civil Service Retirement System; Present Value Factors
AGENCY: Office of Personnel Management.
ACTION: Notice; correction.
-----------------------------------------------------------------------
SUMMARY: The Office of Personnel Management published a document in the
Federal Register of May 17, 2019, concerning adjusted present value
factors applicable to retirees under the Civil Service Retirement
System (CSRS) who elect to provide survivor annuity benefits to a
spouse based on post-retirement marriage; to retiring employees who
elect the alternative form of annuity, owe certain redeposits based on
refunds of contributions for service ending before March 1, 1991, or
elect to credit certain service with nonappropriated fund
instrumentalities; or, for individuals with certain types of retirement
coverage errors who can elect to receive credit for service by taking
an actuarial reduction under the provisions of the Federal Erroneous
Retirement Coverage Correction Act. The document referenced a
different, separate notice and cited incorrect publication dates for
the other notice.
FOR FURTHER INFORMATION CONTACT: Karla Yeakle, (202) 606-0299.
[[Page 24188]]
SUPPLEMENTARY INFORMATION:
Correction:
In the Federal Register of May 17, 2019, in FR Doc. 84 FR 22525, on
page 22526, in the second column, the notice cross references another
notice that revises the normal cost percentage under the Federal
Employees' Retirement System (FERS) Act of 1986, Public Law 99-335. It
states that the Federal Employees' Retirement System (FERS) Normal Cost
notice was published May 17, 2019. It was actually published May 20,
2019.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2019-10851 Filed 5-23-19; 8:45 am]
BILLING CODE 6325-38-P
