Proposed Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums, 37694-37695 [2019-16351]
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37694
Federal Register / Vol. 84, No. 148 / Thursday, August 1, 2019 / Notices
• include the nominee’s full name,
work affiliation, mailing address, phone
number, and email address;
• include the nominator’s full name,
mailing address, phone number, and
email address; and
• include the nominator’s signature,
whether sent by email or otherwise.
PBGC will contact nominees for
information on their political affiliation
and their status as registered lobbyists.
Nominees should be aware of the time
commitment for attending meetings and
actively participating in the work of the
Advisory Committee. Historically, this
has meant a commitment of at least 15
days per year. PBGC has a process for
vetting nominees under consideration
for appointment.
Issued in Washington, DC.
Gordon Hartogensis,
Director, Pension Benefit Guaranty
Corporation.
[FR Doc. 2019–16422 Filed 7–31–19; 8:45 am]
BILLING CODE 7709–02–P
PENSION BENEFIT GUARANTY
CORPORATION
Proposed Submission of Information
Collection for OMB Review; Comment
Request; Payment of Premiums
Pension Benefit Guaranty
Corporation.
ACTION: Notice of intent to request OMB
approval of revised collection of
information.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) is modifying the
collection of information under its
regulation on Payment of Premiums
(OMB control number 1212–0009;
expiring June 30, 2021) and intends to
request that the Office of Management
and Budget (OMB) approve the revised
collection of information under the
Paperwork Reduction Act for three
years. This notice informs the public of
PBGC’s intent and solicits public
comment on the collection of
information.
DATES: Comments must be submitted on
or before September 30, 2019.
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.
• 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.
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All submissions received must
include the agency’s name (Pension
Benefit Guaranty Corporation, or PBGC)
and refer to Payment of Premiums. All
comments received will be posted
without change to PBGC’s website,
https://www.pbgc.gov, including any
personal information provided.
Copies of the revisions to the
collection of information may also 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:
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 800–877–8339
and ask to be connected to 202–326–
4400, extension 6563.)
SUPPLEMENTARY INFORMATION: Section
4007 of title IV of the Employee
Retirement Income Security Act of 1974
(ERISA) requires pension plans covered
under title IV pension insurance
programs to pay premiums to PBGC. All
plans covered by title IV pay a flat-rate
per-participant premium. An
underfunded single-employer plan also
pays a variable-rate premium based on
the value of the plan’s unfunded vested
benefits.
Pursuant to section 4007, PBGC has
issued its regulation on Payment of
Premiums (29 CFR part 4007). Under
§ 4007.3 of the premium payment
regulation, the plan administrator of
each pension plan covered by title IV of
ERISA is required to file a premium
payment and information prescribed by
PBGC for each premium payment year.
Premium information is filed
electronically using ‘‘My Plan
Administration Account’’ (‘‘My PAA’’)
through PBGC’s website. Under
§ 4007.10 of the premium payment
regulation, plan administrators are
required to retain records about
premiums and information submitted in
premium filings.
Premium filings report (i) the flat-rate
premium and related data (all plans), (ii)
the variable-rate premium and related
data (single-employer plans), and (iii)
additional data such as identifying
information and miscellaneous planrelated or filing-related data (all plans).
PBGC needs this information to identify
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Fmt 4703
Sfmt 4703
the plans for which premiums are paid,
to verify whether the amounts paid are
correct, to help PBGC determine the
magnitude of its exposure in the event
of plan termination, to help track the
creation of new plans and transfer of
participants and plan assets and
liabilities among plans, and to keep
PBGC’s insured-plan inventory up to
date. That information and the retained
records are also needed for audit
purposes.
PBGC intends to modify the 2020
filing and instructions to require that
plans offering a lump sum window 1
separately report the number of
participants in pay status who were
offered and elected a lump sum in
addition to the related current
requirement with respect to participants
not in pay status. This change reflects
recent guidance issued by the Internal
Revenue Service.2 In addition, PBGC
intends to change the reporting period
for risk transfer activity (lump sum
windows and annuity purchases).
Rather than the period falling between
60 days before the prior filing and 60
days before the current filing, the
reporting period will be the prior
premium payment year.
PBGC also intends to modify the filing
instructions for a plan that reports that
a premium filing will be the last for the
plan and checks the ‘‘cessation of
covered status’’ box as the reason.
Currently, such a plan must provide an
explanation as to why they believe
coverage has ceased and then PBGC
typically contacts the plan to verify that
coverage has ceased. PBGC is proposing
to add to the instructions that a plan
that claims cessation of coverage status
should complete a coverage
determination request.
PBGC intends to update the premium
rates and make conforming, clarifying,
and editorial changes to the premium
filing instructions.
The collection of information under
the regulation has been approved
through June 30, 2021, by OMB under
control number 1212–0009. PBGC
intends to request that OMB approve the
revised 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 it will receive
31,245 premium filings per year from
1 PBGC’s premium filing instructions define a
lump sum window as a temporary opportunity to
elect a lump sum in lieu of future annuity payments
that is offered to individuals meeting specified
criteria who would not otherwise be eligible to elect
a lump sum.
2 See Notice 2019–18, 2019–13 I.R.B. 915.
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01AUN1
Federal Register / Vol. 84, No. 148 / Thursday, August 1, 2019 / Notices
31,245 plan administrators under this
collection of information. PBGC further
estimates that the annual burden of this
collection of information is 13,540
hours and $21,621,540.
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.
Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for
Regulatory Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2019–16351 Filed 7–31–19; 8:45 am]
BILLING CODE 7709–02–P
POSTAL SERVICE
Product Change—Priority Mail
Negotiated Service Agreement
Postal ServiceTM.
ACTION: Notice.
AGENCY:
The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES: Date of required notice: August
1, 2019.
FOR FURTHER INFORMATION CONTACT:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION: The
United States Postal Service® hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on July 26, 2019,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Contract 542 to
Competitive Product List. Documents
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SUMMARY:
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Jkt 247001
are available at www.prc.gov, Docket
Nos. MC2019–175, CP2019–197.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2019–16362 Filed 7–31–19; 8:45 am]
BILLING CODE 7710–12–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
33579; File No. 812–15014]
ETF Opportunities Trust, et al.; Notice
of Application
July 29, 2019.
Securities and Exchange
Commission (‘‘Commission’’).
ACTION: Notice.
AGENCY:
Notice of an application for an order
under section 6(c) of the Investment
Company Act of 1940 (the ‘‘Act’’) for an
exemption from sections 2(a)(32),
5(a)(1), 22(d), and 22(e) of the Act and
rule 22c–1 under the Act, under
sections 6(c) and 17(b) of the Act for an
exemption from sections 17(a)(1) and
17(a)(2) of the Act, and under section
12(d)(1)(J) for an exemption from
sections 12(d)(1)(A) and 12(d)(1)(B) of
the Act. The requested order would
permit (a) actively-managed series of
certain open-end management
investment companies (‘‘Funds’’) to
issue shares redeemable in large
aggregations only (‘‘Creation Units’’); (b)
secondary market transactions in Fund
shares to occur at negotiated market
prices rather than at net asset value
(‘‘NAV’’); (c) certain Funds to pay
redemption proceeds, under certain
circumstances, more than seven days
after the tender of shares for
redemption; (d) certain affiliated
persons of a Fund to deposit securities
into, and receive securities from, the
Fund in connection with the purchase
and redemption of Creation Units; (e)
certain registered management
investment companies and unit
investment trusts outside of the same
group of investment companies as the
Funds (‘‘Funds of Funds’’) to acquire
shares of the Funds; and (f) certain
Funds (‘‘Feeder Funds’’) to create and
redeem Creations Units in-kind in a
master-feeder structure.
APPLICANTS: ETF Opportunities Trust
(the ‘‘Trust’’), a Delaware statutory trust
that is registered under the Act as an
open-end management investment
company with multiple series, Ridgeline
Research LLC (the ‘‘Initial Adviser’’), a
Delaware limited liability company that
will be registered as an investment
adviser under the Investment Advisers
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Fmt 4703
Sfmt 4703
37695
Act of 1940, and Foreside Fund
Services, LLC (the ‘‘Initial Distributor’’).
FILING DATES: The application was filed
on March 29, 2019 and amended on
June 6, 2019 and July 5, 2019.
HEARING OR NOTIFICATION OF HEARING: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing by writing to the
Commission’s Secretary and serving
applicants with a copy of the request,
personally or by mail. Hearing requests
should be received by the Commission
by 5:30 p.m. on August 23, 2019, and
should be accompanied by proof of
service on applicants, in the form of an
affidavit, or for lawyers, a certificate of
service. Pursuant to rule 0–5 under the
Act, hearing requests should state the
nature of the writer’s interest, any facts
bearing upon the desirability of a
hearing on the matter, the reason for the
request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
writing to the Commission’s Secretary.
ADDRESSES: Secretary, Securities and
Exchange Commission, 100 F Street NE,
Washington, DC 20549–1090;
Applicants: ETF Opportunities Trust,
8730 Stony Point Parkway, Suite 205,
Richmond, VA 23235; Ridgeline
Research LLC, 14961 Finegan Farm Dr.,
Darnestown, Maryland 20874; and
Foreside Fund Services, LLC, Three
Canal Plaza, Suite 100, Portland, Maine
04101.
FOR FURTHER INFORMATION CONTACT:
Thankam A. Varghese, Senior Counsel,
at (202) 551–6446 or Parisa Haghshenas,
Branch Chief, at (202) 551–6825
(Division of Investment Management,
Chief Counsel’s Office).
SUPPLEMENTARY INFORMATION: The
following is a summary of the
application. The complete application
may be obtained via the Commission’s
website by searching for the file
number, or for an applicant using the
Company name box, at https://
www.sec.gov/search/search.htm or by
calling (202) 551–8090.
Summary of the Application
1. Applicants request an order that
would allow Funds to operate as
actively-managed exchange traded
funds (‘‘ETFs’’).1 Fund shares will be
1 Applicants request that the order apply to the
initial Fund, as well as to future series of the Trust
and any existing or future open-end management
investment companies or series thereof (each,
included in the term ‘‘Fund’’), each of which will
operate as an actively-managed ETF, and their
respective existing or future Master Funds. Any
Fund will (a) be advised by the Initial Adviser or
E:\FR\FM\01AUN1.SGM
Continued
01AUN1
Agencies
[Federal Register Volume 84, Number 148 (Thursday, August 1, 2019)]
[Notices]
[Pages 37694-37695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-16351]
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
Proposed Submission of Information Collection for OMB Review;
Comment Request; Payment of Premiums
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of intent to request OMB approval of revised collection
of information.
-----------------------------------------------------------------------
SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is modifying
the collection of information under its regulation on Payment of
Premiums (OMB control number 1212-0009; expiring June 30, 2021) and
intends to request that the Office of Management and Budget (OMB)
approve the revised collection of information under the Paperwork
Reduction Act for three years. This notice informs the public of PBGC's
intent and solicits public comment on the collection of information.
DATES: Comments must be submitted on or before September 30, 2019.
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.
Email: [email protected].
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 Payment of
Premiums. All comments received will be posted without change to PBGC's
website, https://www.pbgc.gov, including any personal information
provided.
Copies of the revisions to the collection of information may also
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: 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 800-
877-8339 and ask to be connected to 202-326-4400, extension 6563.)
SUPPLEMENTARY INFORMATION: Section 4007 of title IV of the Employee
Retirement Income Security Act of 1974 (ERISA) requires pension plans
covered under title IV pension insurance programs to pay premiums to
PBGC. All plans covered by title IV pay a flat-rate per-participant
premium. An underfunded single-employer plan also pays a variable-rate
premium based on the value of the plan's unfunded vested benefits.
Pursuant to section 4007, PBGC has issued its regulation on Payment
of Premiums (29 CFR part 4007). Under Sec. 4007.3 of the premium
payment regulation, the plan administrator of each pension plan covered
by title IV of ERISA is required to file a premium payment and
information prescribed by PBGC for each premium payment year. Premium
information is filed electronically using ``My Plan Administration
Account'' (``My PAA'') through PBGC's website. Under Sec. 4007.10 of
the premium payment regulation, plan administrators are required to
retain records about premiums and information submitted in premium
filings.
Premium filings report (i) the flat-rate premium and related data
(all plans), (ii) the variable-rate premium and related data (single-
employer plans), and (iii) additional data such as identifying
information and miscellaneous plan-related or filing-related data (all
plans). PBGC needs this information to identify the plans for which
premiums are paid, to verify whether the amounts paid are correct, to
help PBGC determine the magnitude of its exposure in the event of plan
termination, to help track the creation of new plans and transfer of
participants and plan assets and liabilities among plans, and to keep
PBGC's insured-plan inventory up to date. That information and the
retained records are also needed for audit purposes.
PBGC intends to modify the 2020 filing and instructions to require
that plans offering a lump sum window \1\ separately report the number
of participants in pay status who were offered and elected a lump sum
in addition to the related current requirement with respect to
participants not in pay status. This change reflects recent guidance
issued by the Internal Revenue Service.\2\ In addition, PBGC intends to
change the reporting period for risk transfer activity (lump sum
windows and annuity purchases). Rather than the period falling between
60 days before the prior filing and 60 days before the current filing,
the reporting period will be the prior premium payment year.
---------------------------------------------------------------------------
\1\ PBGC's premium filing instructions define a lump sum window
as a temporary opportunity to elect a lump sum in lieu of future
annuity payments that is offered to individuals meeting specified
criteria who would not otherwise be eligible to elect a lump sum.
\2\ See Notice 2019-18, 2019-13 I.R.B. 915.
---------------------------------------------------------------------------
PBGC also intends to modify the filing instructions for a plan that
reports that a premium filing will be the last for the plan and checks
the ``cessation of covered status'' box as the reason. Currently, such
a plan must provide an explanation as to why they believe coverage has
ceased and then PBGC typically contacts the plan to verify that
coverage has ceased. PBGC is proposing to add to the instructions that
a plan that claims cessation of coverage status should complete a
coverage determination request.
PBGC intends to update the premium rates and make conforming,
clarifying, and editorial changes to the premium filing instructions.
The collection of information under the regulation has been
approved through June 30, 2021, by OMB under control number 1212-0009.
PBGC intends to request that OMB approve the revised 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 it will receive 31,245 premium filings per year
from
[[Page 37695]]
31,245 plan administrators under this collection of information. PBGC
further estimates that the annual burden of this collection of
information is 13,540 hours and $21,621,540.
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.
Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension
Benefit Guaranty Corporation.
[FR Doc. 2019-16351 Filed 7-31-19; 8:45 am]
BILLING CODE 7709-02-P