Submission of Information Collection for OMB Review; Comment Request; Notices Under Section 4062(e) of ERISA, 35890-35891 [2019-15763]

Download as PDF 35890 Federal Register / Vol. 84, No. 143 / Thursday, July 25, 2019 / Notices Comments should be sent to Office of Information and Regulatory Affairs, Attn.: OMB Desk Officer for Education, Office of Management and Budget, Room 10235, Washington, DC 20503, (202) 395–7316. FOR FURTHER INFORMATION CONTACT: Dr. Sandra Webb, Director of Grant Policy and Management, Institute of Museum and Library Services, 955 L’Enfant Plaza North SW, Suite 4000, Washington, DC 20024–2135. Dr. Webb can be reached by Telephone: 202–653–4718 Fax: 202– 653–4608, or by email at swebb@ imls.gov, or by teletype (TTY/TDD) for persons with hearing difficulty at 202– 653–4614. SUPPLEMENTARY INFORMATION: The Institute of Museum and Library Services is the primary source of federal support for the nation’s libraries and museums. We advance, support, and empower America’s museums, libraries, and related organizations through grant making, research, and policy development. Our vision is a nation where museums and libraries work together to transform the lives of individuals and communities. To learn more, visit www.imls.gov. Current Actions: The Museums for Digital Learning (MDL) is a project funded by the Institute of Museum and Library Services (IMLS) that seeks to identify and test new ways that digitized museum collections can be made available in the form of engaging digital educational resources via a pilot digital platform to educators around the country seeking to engage their students with all subjects. This two-year project is being led by the Indianapolis Museum of Art at Newfields in collaboration with two museum content partners—The Field Museum and History Colorado and a team of K–12 educators. Once the pilot suite of online products has been created by the project team, they will be tested in the classrooms of the ten educational partners. Testing and validation of the content contribution approach and standard templates to the pilot platform will be conducted with a cohort of up to ten additional museums of various sizes and disciplines. This project aligns with IMLS’s strategic goal and priorities of building the digital capacity of the sector. MDL will catalyze and empower museums to come together and create a national model with a shared vision to thoughtfully assess some of the critical gaps in the current platforms and digital access/use models, and then leverage the power of a shared digital platform to provide easy-to-access, interdisciplinary, and dynamic content jspears on DSK30JT082PROD with NOTICES ADDRESSES: VerDate Sep<11>2014 16:56 Jul 24, 2019 Jkt 247001 from museums in digital format for educators and students. The project will benefit the national education sector by providing a model for museums to collaborate as a sector with educators and engaging them not just as users of museum content and services, but as co-creators and cofacilitators of student learning; a suite of curriculum enhancing and studentcentric digital collections-based educational resources; and an opportunity to pilot-test and improve the resources from the formative evaluation to better meet the needs of the nation’s learners. The product and process evaluation of the MDL project will be completed by a third party evaluator with experience in evaluating digital education platforms produced by the cultural heritage community. The process evaluation aspect will assess the overall planning and implementation of the collaborative model of MDL between the partner museums and the educators, as well as the effectiveness of the training and ease of content contribution of the ten additional museums. Much of the front-end and user experience design of the MDL platform will be formed through the collaboration and cocreation process between the cooperator, lead museum content partners, and the team of educators. The product evaluation will assess the ease of access and educational value of the collections-based digital education products for educators and students. This action is to create the overall evaluation plan, survey and data collection instruments and instructions for the various evaluation techniques to be used at different points in the development and implementation of the MDL pilot initiative for the next two years. Agency: Institute of Museum and Library Services. Title: Museums for Digital Learning Project Evaluation. OMB Number: 3137–TBD. Frequency: Once. Affected Public: Museum staff, teachers. Number of Respondents: 100. Estimated Average Burden per Response: 45 minutes. Estimated Total Annual Burden: 65 hours. Total Annualized capital/startup costs: N/A. Total Annual costs: $1,755. Dated: July 22, 2019. Kim Miller, Grants Management Specialist, Institute of Museum and Library Services. [FR Doc. 2019–15800 Filed 7–24–19; 8:45 am] BILLING CODE 7036–01–P PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 NATIONAL SCIENCE FOUNDATION Advisory Committee for Mathematical and Physical Sciences; Notice of Meeting 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: Advisory Committee for Mathematical and Physical Sciences (#66)—(Virtual Meeting). Date and Time: August 23, 2019; 1:00 p.m. to 4:00 p.m. Place: NSF, 2415 Eisenhower Avenue, Alexandria, VA 22314 (Virtual). Type of Meeting: Open. Contact Person: Nade`ge Aoki, National Science Foundation, 2415 Eisenhower Avenue, Room C 9015B, Alexandria, Virginia 22314; Telephone: 703/292–4934. Purpose of Meeting: To provide advice, recommendations and counsel on major goals and policies pertaining to MPS programs and activities. Agenda Friday, August 23, 1:00 p.m. to 4:00 p.m. • Presentation: PFC Report presentation, Donald Geesaman • Discussion: PFC Report • Presentation: PHY COV Report presentation • Discussion: PHY COV Report • Discussion: Other current updates Dated: July 19, 2019. Crystal Robinson, Committee Management Officer. [FR Doc. 2019–15781 Filed 7–24–19; 8:45 am] BILLING CODE 7555–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Notices Under Section 4062(e) of ERISA 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 that is necessary to fulfill various reporting obligations following a cessation of operations at a facility. This notice informs the public of PBGC’s SUMMARY: E:\FR\FM\25JYN1.SGM 25JYN1 jspears on DSK30JT082PROD with NOTICES Federal Register / Vol. 84, No. 143 / Thursday, July 25, 2019 / Notices request and solicits public comment on the collection. DATES: Comments must be submitted by August 26, 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; or Erika E. Barnes (barnes.erika@ pbgc.gov), Assistant General Counsel, Bankruptcy, Transactions, and Terminations Department, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005–4026; 202– 326–4400, extension 3460. TTY users may call the Federal Relay Service tollfree at 1–800–877–8339 and ask to be connected to 202–326–4400, extension 6563. SUPPLEMENTARY INFORMATION: Section 4062(e) of the Employee Retirement Income Security Act of 1974 (ERISA) imposes reporting obligations in the event of a ‘‘substantial cessation of operations.’’ A substantial cessation of operations occurs when a permanent cessation at a facility causes a separation from employment of more than 15 percent of all ‘‘eligible employees.’’ ‘‘Eligible employees’’ are employees eligible to participate in any of the facility’s employer’s employee pension benefit plans. Following a substantial cessation of operations, the facility’s employer is treated, with respect to its single employer pension plans covered by title IV of ERISA that are covering participants at the facility, as if the employer were a withdrawing VerDate Sep<11>2014 16:56 Jul 24, 2019 Jkt 247001 substantial employer under a multipleemployer plan. Under section 4063(a) of ERISA, the Pension Benefit Guaranty Corporation (PBGC) must receive notice of the substantial cessation of operations and a request to determine the employer’s resulting liability. To fulfill such resulting liability, the employer may elect, under section 4062(e)(4)(A), to make additional contributions annually for seven years to plans covering participants at the facility where the substantial cessation of operations took place. Under sections 4062(e)(4)(E)(i)(I), (II), (III), (IV), and (V) respectively, an employer that is making the election for annual additional contributions must give notice to PBGC of: (1) Its decision to make the election, (2) its payment of an annual additional contribution, (3) its failure to pay an annual additional contribution, (4) its receipt of a funding waiver from the Internal Revenue Service (‘‘IRS’’), and (5) the ending of its obligation to make annual additional contributions. PBGC is proposing a new form series that would be used to fulfill these reporting obligations. An employer or a plan administrator would file Form 4062(e)–01 to notify PBGC of the occurrence of a substantial cessation of operations and request a determination of the employer’s liability. An employer would file Form 4062(e)–02 to notify PBGC that it made the election to pay annual additional contributions to a plan. An employer would file Form 4062(e)–03 to notify PBGC that it paid an annual additional contribution, received a funding waiver from the IRS, or is no longer obligated to pay annual additional contributions. Finally, an employer would file Form 4062(e)–04 to notify PBGC that it failed to pay an annual additional contribution to the plan. PBGC needs the requested information in the forms and notification (1) to determine an employer’s liability to a plan following a substantial cessation of operations and (2) to ensure that an employer that made the election of annual additional contributions is fulfilling its payment obligations. On May 15, 2019, PBGC published in the Federal Register (at 84 FR 21840) a notice informing the public of its intent to request an approval of the new form series. PBGC did not receive any comments about this collection of information. PBGC is requesting that OMB approve the collection of information for three years. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 35891 unless it displays a currently valid OMB control number. PBGC estimates that 70 forms (10 Forms 4062(e)–01, 10 Forms 4062(e)–02, 49 Forms 4062(e)–03, and one Form 4062(e)–04) would be submitted each year. PBGC estimates that these forms would be completed by a combination of plan office staff and outside professionals (attorneys and actuaries). PBGC estimates a total annual hour burden of 315 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 $23,625. PBGC estimates a total annual cost burden of $92,750 (based on 265 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. 2019–15763 Filed 7–24–19; 8:45 am] BILLING CODE 7709–02–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2019–169 and CP2019–191; MC2019–170 and CP2019–192] 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: July 29, 2019. ADDRESSES: Submit comments electronically via the Commission’s Filing Online system at http:// www.prc.gov. Those who cannot submit comments electronically should contact the person identified in the FOR FURTHER INFORMATION CONTACT section by telephone for advice on filing alternatives. FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: SUMMARY: Table of Contents I. Introduction II. Docketed Proceeding(s) I. Introduction The Commission gives notice that the Postal Service filed request(s) for the E:\FR\FM\25JYN1.SGM 25JYN1

Agencies

[Federal Register Volume 84, Number 143 (Thursday, July 25, 2019)]
[Notices]
[Pages 35890-35891]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15763]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Notices Under Section 4062(e) of ERISA

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 that is necessary 
to fulfill various reporting obligations following a cessation of 
operations at a facility. This notice informs the public of PBGC's

[[Page 35891]]

request and solicits public comment on the collection.

DATES: Comments must be submitted by August 26, 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; or Erika E. Barnes ([email protected]), Assistant General 
Counsel, Bankruptcy, Transactions, and Terminations Department, Office 
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street NW, Washington, DC 20005-4026; 202-326-4400, extension 3460. 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: Section 4062(e) of the Employee Retirement 
Income Security Act of 1974 (ERISA) imposes reporting obligations in 
the event of a ``substantial cessation of operations.'' A substantial 
cessation of operations occurs when a permanent cessation at a facility 
causes a separation from employment of more than 15 percent of all 
``eligible employees.'' ``Eligible employees'' are employees eligible 
to participate in any of the facility's employer's employee pension 
benefit plans. Following a substantial cessation of operations, the 
facility's employer is treated, with respect to its single employer 
pension plans covered by title IV of ERISA that are covering 
participants at the facility, as if the employer were a withdrawing 
substantial employer under a multiple-employer plan. Under section 
4063(a) of ERISA, the Pension Benefit Guaranty Corporation (PBGC) must 
receive notice of the substantial cessation of operations and a request 
to determine the employer's resulting liability.
    To fulfill such resulting liability, the employer may elect, under 
section 4062(e)(4)(A), to make additional contributions annually for 
seven years to plans covering participants at the facility where the 
substantial cessation of operations took place. Under sections 
4062(e)(4)(E)(i)(I), (II), (III), (IV), and (V) respectively, an 
employer that is making the election for annual additional 
contributions must give notice to PBGC of: (1) Its decision to make the 
election, (2) its payment of an annual additional contribution, (3) its 
failure to pay an annual additional contribution, (4) its receipt of a 
funding waiver from the Internal Revenue Service (``IRS''), and (5) the 
ending of its obligation to make annual additional contributions.
    PBGC is proposing a new form series that would be used to fulfill 
these reporting obligations. An employer or a plan administrator would 
file Form 4062(e)-01 to notify PBGC of the occurrence of a substantial 
cessation of operations and request a determination of the employer's 
liability. An employer would file Form 4062(e)-02 to notify PBGC that 
it made the election to pay annual additional contributions to a plan. 
An employer would file Form 4062(e)-03 to notify PBGC that it paid an 
annual additional contribution, received a funding waiver from the IRS, 
or is no longer obligated to pay annual additional contributions. 
Finally, an employer would file Form 4062(e)-04 to notify PBGC that it 
failed to pay an annual additional contribution to the plan.
    PBGC needs the requested information in the forms and notification 
(1) to determine an employer's liability to a plan following a 
substantial cessation of operations and (2) to ensure that an employer 
that made the election of annual additional contributions is fulfilling 
its payment obligations.
    On May 15, 2019, PBGC published in the Federal Register (at 84 FR 
21840) a notice informing the public of its intent to request an 
approval of the new form series. PBGC did not receive any comments 
about this collection of information.
    PBGC is requesting that OMB approve the collection of information 
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 70 forms (10 Forms 4062(e)-01, 10 Forms 
4062(e)-02, 49 Forms 4062(e)-03, and one Form 4062(e)-04) would be 
submitted each year. PBGC estimates that these forms would be completed 
by a combination of plan office staff and outside professionals 
(attorneys and actuaries). PBGC estimates a total annual hour burden of 
315 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 $23,625. PBGC 
estimates a total annual cost burden of $92,750 (based on 265 
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. 2019-15763 Filed 7-24-19; 8:45 am]
 BILLING CODE 7709-02-P