Proposed Submission of Information Collection for OMB Review; Comment Request; Annual Reporting (Form 5500 Series), 43189-43190 [2019-17341]

Download as PDF jbell on DSK3GLQ082PROD with NOTICES Federal Register / Vol. 84, No. 161 / Tuesday, August 20, 2019 / Notices for Docket ID NRC–2019–0079. Address questions about NRC docket IDs in Regulations.gov to Jennifer Borges; telephone: 301–287–9127; email: Jennifer.Borges@nrc.gov. For technical questions, contact the individual listed in the FOR FURTHER INFORMATION CONTACT section of this document. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may obtain publiclyavailable documents online in the ADAMS Public Documents collection at https://www.nrc.gov/reading-rm/ adams.html. To begin the search, select ‘‘Begin Web-based ADAMS Search.’’ For problems with ADAMS, please contact the NRC’s Public Document Room (PDR) reference staff at 1–800–397–4209, 301– 415–4737, or by email to pdr.resource@ nrc.gov. The ADAMS accession number for each document referenced (if it is available in ADAMS) is provided the first time that it is mentioned in this document. • NRC’s PDR: You may examine and purchase copies of public documents at the NRC’s PDR, Room O1–F21, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852. FOR FURTHER INFORMATION CONTACT: Justin C. Poole, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001; telephone: 301–415– 2048, email: Justin.Poole@nrc.gov. SUPPLEMENTARY INFORMATION: The NRC has granted the request, dated June 17, 2019 (ADAMS Accession No. ML19169A031), of Exelon Generation Company, LLC (the licensee) to withdraw its application, dated December 14, 2018 (ADAMS Accession No. ML18351A006), for proposed amendment to Renewed Facility Operating License No. DPR–50 for the Three Mile Island Nuclear Station, Unit 1, located in Dauphin County, Pennsylvania. The amendment would have revised Technical Specification 6.8.5 ‘‘Reactor Building Leakage Rate Testing Program.’’ The amendment would have allowed for a one-cycle extension to the 10-year frequency of the Three Mile Island Nuclear Station, Unit 1, containment leakage rate test (i.e., ILRT or Type A test). The proposed change would have permitted the existing ILRT to be extended from 10 years to 11.75 years. This extension would have moved the performance of the next ILRT from the scheduled fall 2019 refueling outage to the fall 2021 refueling outage. Exelon’s December 14, 2018, request was noticed in the Federal Register on March 26, 2019 (84 FR 11338). VerDate Sep<11>2014 20:49 Aug 19, 2019 Jkt 247001 Dated at Rockville, Maryland, this 14th day of August, 2019. For the Nuclear Regulatory Commission. James G. Danna, Chief, Plant Licensing Branch I, Division of Operating Reactor Licensing, Office of Nuclear Reactor Regulation. [FR Doc. 2019–17839 Filed 8–19–19; 8:45 am] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Annual Reporting (Form 5500 Series) Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request extension of OMB approval, with modifications. AGENCY: SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval (with modifications), under the Paperwork Reduction Act of 1995, of its collection of information for Annual Reporting under OMB control number 1212–0057, which expires on January 31, 2022. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. DATES: Comments must be submitted by October 21, 2019. ADDRESSES: Comments may be submitted by any of the following methods: • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the online instructions for submitting comments. • Email: paperwork.comments@ pbgc.gov. Refer to Annual Reporting (Form 5500 Series) in the subject line. • 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 the Annual Reporting (Form 5500 Series). All comments received will be posted without change to PBGC’s website, 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 PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 43189 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: Annual reporting to the Internal Revenue Service (IRS), the Employee Benefits Security Administration (EBSA), and the Pension Benefit Guaranty Corporation (PBGC) is required by law for most employee benefit plans. For example, section 4065 of the Employee Retirement Income Security Act of 1974 (ERISA) requires annual reporting to PBGC for pension plans covered by title IV of ERISA. To accommodate these filing requirements, IRS, EBSA, and PBGC have jointly promulgated the Form 5500 Series, which includes the Form 5500 Annual Return/Report of Employee Benefit Plan and the Form 5500–SF Short Form Annual Return/ Report of Small Employee Benefit Plan. The collection of information has been approved by OMB under control number 1212–0057 through January 31, 2022. PBGC intends to request that OMB extend its approval, 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 is proposing modifications to the 2020 Schedule R (Retirement Plan Information) and its related instructions. The proposed modifications to Schedule R affect multiemployer defined benefit plans covered by Title IV of ERISA. PBGC is also proposing minor modifications to the Form 5500 Series to improve the accuracy of reported information. Section 103(f)(2)(C) of ERISA requires that a multiemployer defined benefit plan include in its annual report, ‘‘[t]he number of participants under the plan on whose behalf no contributions were made by an employer as an employer of the participant for such plan year and for each of the 2 preceding plan years.’’ Line 14a of Schedule R requires the plan to report the participant counts for the current plan year’s filing. Lines 14b and 14c require the plan to report the participant counts for the previous two respective plan years. PBGC has found a majority of plans that are required to E:\FR\FM\20AUN1.SGM 20AUN1 jbell on DSK3GLQ082PROD with NOTICES 43190 Federal Register / Vol. 84, No. 161 / Tuesday, August 20, 2019 / Notices report do not provide accurate information on line 14 of Schedule R. The current instructions for line 14 require multiemployer plans to count inactive participants using the last contributing employer counting method. Under the last contributing employer method, a plan counts only those participants whose last contributing employer withdrew from the plan by the beginning of the relevant plan year for which the Form 5500 relates. The plan does not count any participants whose employers had not withdrawn from the plan, even if, in the relevant year, no contributions were made by the employer on behalf of those participants. PBGC is proposing to modify Schedule R to provide multiemployer plans with a choice of the last contributing employer counting method and two proposed counting methods: The alternative method and the approximation method. PBGC anticipates that providing plans with three alternative counting methods will allow each plan to choose the counting method that will be most accurate and least burdensome for the plan to count its inactive participants. Under the first proposed counting method, the alternative method, a plan would count only those participants whose last contributing employer and all prior contributing employers had withdrawn from the plan by the beginning of the relevant plan year. Under this method, the plan would review the list of all contributing employers (employers that had not withdrawn from the plan by the beginning of the relevant plan year), and include on Line 14 only those inactive participants who had no covered service with any of these employers. Under the second proposed counting method, the reasonable approximation method, a plan that is unable to use the other two methods would make a reasonable, good faith effort to count inactive participants to satisfy the requirements of section 103(f)(2)(C) of ERISA. The plan would be required to provide an attachment that explains the plan’s approximation method, including a description of the data and a breakdown describing the number of clearly identified inactive participants and the number of estimated inactive participants. PBGC also is proposing that when a plan reports a number on line 14b or 14c that differs from the number it reported for the plan year immediately preceding the plan year, it would be required to submit an attachment with an explanation of the reason for the change. VerDate Sep<11>2014 20:49 Aug 19, 2019 Jkt 247001 Both attachments will provide PBGC with data information that it uses in its Pension Insurance Modeling System (PIMS). PBGC’s evaluation of the data submitted in the attachments will allow PBGC to review the integrity of the data. PBGC estimates that the proposed changes would have an offsetting effect and would not change the hour or cost burden for the Schedule R. PBGC estimates that it will receive approximately 24,800 Form 5500 and Form 5500–SF filings per year under this collection of information for the Form 5500 Series. PBGC further estimates that the total annual burden of this collection of information for the Form 5500 Series, attributable to PBGC, will be 1,200 hours and $1,664,000. 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. Issued in Washington, DC. Hilary Duke, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2019–17341 Filed 8–19–19; 8:45 am] BILLING CODE 7709–02–P OFFICE OF PERSONNEL MANAGEMENT Submission for Review: RI 30–2, Annuitant’s Report of Earned Income, 3206–0034 Office of Personnel Management. ACTION: 30-Day notice and request for comments. AGENCY: SUMMARY: The Retirement Services, Office of Personnel Management (OPM) offers the general public and other Federal agencies the opportunity to PO 00000 Frm 00092 Fmt 4703 Sfmt 4703 comment on a revised information collection request RI 30–2, Annuitant’s Report of Earned Income. DATES: Comments are encouraged and will be accepted until September 19, 2019. ADDRESSES: Interested persons are invited to submit written comments on the proposed information collection to the Office of Information and Regulatory Affairs, Office of Management and Budget, 725 17th Street NW, Washington, DC 20503, Attention: Desk Officer for the Office of Personnel Management or sent via electronic mail to oira_submission@omb.eop.gov or faxed to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: A copy of this information collection, with applicable supporting documentation, may be obtained by contacting the Retirement Services Publications Team, Office of Personnel Management, 1900 E Street NW, Room 3316–L, Washington, DC 20415, Attention: Cyrus S. Benson, or sent via electronic mail to Cyrus.Benson@opm.gov or faxed to (202) 606–0910 or via telephone at (202) 606–4808. SUPPLEMENTARY INFORMATION: As required by the Paperwork Reduction Act of 1995 OPM is soliciting comments for this collection. The information collection (OMB No. 3206–0034) was previously published in the Federal Register on April 17, 2019 at 84 FR 16050, allowing for a 60-day public comment period. No comments were received for this collection. The purpose of this notice is to allow an additional 30 days for public comments. The Office of Management and Budget is particularly interested in comments that: 1. Evaluate whether the proposed collection of information is necessary for the proper performance of functions of the agency, including whether the information will have practical utility; 2. Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; 3. Enhance the quality, utility, and clarity of the information to be collected; and 4. 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 submissions of responses. RI 30–2, Annuitant’s Report of Earned Income, is used annually to determine E:\FR\FM\20AUN1.SGM 20AUN1

Agencies

[Federal Register Volume 84, Number 161 (Tuesday, August 20, 2019)]
[Notices]
[Pages 43189-43190]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17341]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Annual Reporting (Form 5500 Series)

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intent to request extension of OMB approval, with 
modifications.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to 
request that the Office of Management and Budget (OMB) extend approval 
(with modifications), under the Paperwork Reduction Act of 1995, of its 
collection of information for Annual Reporting under OMB control number 
1212-0057, which expires on January 31, 2022. This notice informs the 
public of PBGC's intent and solicits public comment on the collection 
of information.

DATES: Comments must be submitted by October 21, 2019.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the online instructions for submitting comments.
     Email: [email protected]. Refer to Annual 
Reporting (Form 5500 Series) in the subject line.
     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 the Annual 
Reporting (Form 5500 Series). All comments received will be posted 
without change to PBGC's website, 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 ([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 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: Annual reporting to the Internal Revenue 
Service (IRS), the Employee Benefits Security Administration (EBSA), 
and the Pension Benefit Guaranty Corporation (PBGC) is required by law 
for most employee benefit plans. For example, section 4065 of the 
Employee Retirement Income Security Act of 1974 (ERISA) requires annual 
reporting to PBGC for pension plans covered by title IV of ERISA. To 
accommodate these filing requirements, IRS, EBSA, and PBGC have jointly 
promulgated the Form 5500 Series, which includes the Form 5500 Annual 
Return/Report of Employee Benefit Plan and the Form 5500-SF Short Form 
Annual Return/Report of Small Employee Benefit Plan.
    The collection of information has been approved by OMB under 
control number 1212-0057 through January 31, 2022. PBGC intends to 
request that OMB extend its approval, 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 is proposing modifications to the 2020 Schedule R (Retirement 
Plan Information) and its related instructions. The proposed 
modifications to Schedule R affect multiemployer defined benefit plans 
covered by Title IV of ERISA. PBGC is also proposing minor 
modifications to the Form 5500 Series to improve the accuracy of 
reported information.
    Section 103(f)(2)(C) of ERISA requires that a multiemployer defined 
benefit plan include in its annual report, ``[t]he number of 
participants under the plan on whose behalf no contributions were made 
by an employer as an employer of the participant for such plan year and 
for each of the 2 preceding plan years.'' Line 14a of Schedule R 
requires the plan to report the participant counts for the current plan 
year's filing. Lines 14b and 14c require the plan to report the 
participant counts for the previous two respective plan years. PBGC has 
found a majority of plans that are required to

[[Page 43190]]

report do not provide accurate information on line 14 of Schedule R.
    The current instructions for line 14 require multiemployer plans to 
count inactive participants using the last contributing employer 
counting method. Under the last contributing employer method, a plan 
counts only those participants whose last contributing employer 
withdrew from the plan by the beginning of the relevant plan year for 
which the Form 5500 relates. The plan does not count any participants 
whose employers had not withdrawn from the plan, even if, in the 
relevant year, no contributions were made by the employer on behalf of 
those participants.
    PBGC is proposing to modify Schedule R to provide multiemployer 
plans with a choice of the last contributing employer counting method 
and two proposed counting methods: The alternative method and the 
approximation method. PBGC anticipates that providing plans with three 
alternative counting methods will allow each plan to choose the 
counting method that will be most accurate and least burdensome for the 
plan to count its inactive participants.
    Under the first proposed counting method, the alternative method, a 
plan would count only those participants whose last contributing 
employer and all prior contributing employers had withdrawn from the 
plan by the beginning of the relevant plan year. Under this method, the 
plan would review the list of all contributing employers (employers 
that had not withdrawn from the plan by the beginning of the relevant 
plan year), and include on Line 14 only those inactive participants who 
had no covered service with any of these employers.
    Under the second proposed counting method, the reasonable 
approximation method, a plan that is unable to use the other two 
methods would make a reasonable, good faith effort to count inactive 
participants to satisfy the requirements of section 103(f)(2)(C) of 
ERISA. The plan would be required to provide an attachment that 
explains the plan's approximation method, including a description of 
the data and a breakdown describing the number of clearly identified 
inactive participants and the number of estimated inactive 
participants.
    PBGC also is proposing that when a plan reports a number on line 
14b or 14c that differs from the number it reported for the plan year 
immediately preceding the plan year, it would be required to submit an 
attachment with an explanation of the reason for the change.
    Both attachments will provide PBGC with data information that it 
uses in its Pension Insurance Modeling System (PIMS). PBGC's evaluation 
of the data submitted in the attachments will allow PBGC to review the 
integrity of the data. PBGC estimates that the proposed changes would 
have an offsetting effect and would not change the hour or cost burden 
for the Schedule R.
    PBGC estimates that it will receive approximately 24,800 Form 5500 
and Form 5500-SF filings per year under this collection of information 
for the Form 5500 Series. PBGC further estimates that the total annual 
burden of this collection of information for the Form 5500 Series, 
attributable to PBGC, will be 1,200 hours and $1,664,000.
    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.

    Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2019-17341 Filed 8-19-19; 8:45 am]
 BILLING CODE 7709-02-P