Proposed Collection; Comment Request, 14510-14511 [2020-05034]

Download as PDF 14510 Federal Register / Vol. 85, No. 49 / Thursday, March 12, 2020 / Notices Dated: March 6, 2020. Crystal Robinson, Committee Management Officer. [FR Doc. 2020–05032 Filed 3–11–20; 8:45 am] BILLING CODE 7555–01–P POSTAL REGULATORY COMMISSION [Docket Nos. CP2020–102; and MC2020–98 and CP2020–103] New Postal Product Postal Regulatory Commission. Notice. AGENCY: ACTION: The Commission is noticing a recent Postal Service filing for the Commission’s consideration concerning a negotiated service agreement. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: March 13, 2020. SUMMARY: Submit comments electronically via the Commission’s Filing Online system at https:// 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. ADDRESSES: FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: Table of Contents I. Introduction II. Docketed Proceeding(s) khammond on DSKJM1Z7X2PROD with NOTICES I. Introduction The Commission gives notice that the Postal Service filed request(s) for the Commission to consider matters related to negotiated service agreement(s). The request(s) may propose the addition or removal of a negotiated service agreement from the market dominant or the competitive product list, or the modification of an existing product currently appearing on the market dominant or the competitive product list. Section II identifies the docket number(s) associated with each Postal Service request, the title of each Postal Service request, the request’s acceptance date, and the authority cited by the Postal Service for each request. For each request, the Commission appoints an officer of the Commission to represent the interests of the general public in the proceeding, pursuant to 39 U.S.C. 505 (Public Representative). Section II also VerDate Sep<11>2014 16:31 Mar 11, 2020 Jkt 250001 establishes comment deadline(s) pertaining to each request. The public portions of the Postal Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of the Postal Service’s request(s), if any, can be accessed through compliance with the requirements of 39 CFR 3007.301.1 The Commission invites comments on whether the Postal Service’s request(s) in the captioned docket(s) are consistent with the policies of title 39. For request(s) that the Postal Service states concern market dominant product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3622, 39 U.S.C. 3642, 39 CFR part 3010, and 39 CFR part 3020, subpart B. For request(s) that the Postal Service states concern competitive product(s), applicable statutory and regulatory requirements include 39 U.S.C. 3632, 39 U.S.C. 3633, 39 U.S.C. 3642, 39 CFR part 3015, and 39 CFR part 3020, subpart B. Comment deadline(s) for each request appear in section II. II. Docketed Proceeding(s) 1. Docket No(s).: CP2020–102; Filing Title: Notice of United States Postal Service of Filing a Functionally Equivalent Global Expedited Package Services 10 Negotiated Service Agreement and Application for NonPublic Treatment of Materials Filed Under Seal; Filing Acceptance Date: March 5, 2020; Filing Authority: 39 CFR 3015.5; Public Representative: Christopher C. Mohr; Comments Due: March 13, 2020. 2. Docket No(s).: MC2020–98 and CP2020–103; Filing Title: USPS Request to Add Priority Mail Contract 595 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: March 5, 2020; Filing Authority: 39 U.S.C. 3642, 39 CFR 3020.30 et seq., and 39 CFR 3015.5; Public Representative: Christopher C. Mohr; Comments Due: March 13, 2020. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2020–05019 Filed 3–11–20; 8:45 am] BILLING CODE 7710–FW–P 1 See Docket No. RM2018–3, Order Adopting Final Rules Relating to Non-Public Information, June 27, 2018, Attachment A at 19–22 (Order No. 4679). PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 RAILROAD RETIREMENT BOARD Proposed Collection; Comment Request Summary: In accordance with the requirement of Section 3506 (c)(2)(A) of the Paperwork Reduction Act of 1995 which provides opportunity for public comment on new or revised data collections, the Railroad Retirement Board (RRB) will publish periodic summaries of proposed data collections. Comments are invited on: (a) Whether the proposed information collection is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) the accuracy of the RRB’s estimate of the burden of the collection of the information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden related to the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. Type of Information Collection: New Collection (Request for a new OMB Control Number). Title and purpose of information collection: Report of Stock Options and Other Payments; OMB 3220–NEW. The Railroad Retirement Board (RRB) is directed by 45 U.S.C. 231f(c)(2) to establish a financial interchange (FI) between the railroad retirement and social security systems to place the Social Security Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds and the Centers for Medicare and Medicaid Services (CMS) Hospital Insurance (HI) Trust Fund in the same condition they would have been had railroad employment been covered by the Social Security Act and Federal Insurance Contributions Act (FICA). Each year, the RRB estimates the benefits and expenses that would have been paid by these trust funds, as well as the payroll taxes and income taxes that would have been received by them. To make these estimates, the RRB requires information on all earnings data that are not taxable under the Railroad Retirement Tax Act (RRTA), but would be taxable under FICA. A recent court ruling, Wisconsin Central Ltd. v. U.S., determined that non-qualified stock options (NQSOs) are not taxable under Section 3231 of RRTA but would be taxable under FICA. Additionally, in Union Pacific Railroad Co. v. U.S., the Eight Circuit Court of Appeals determined whether certain ratification payments were taxable under the RRTA. The RRB requires E:\FR\FM\12MRN1.SGM 12MRN1 14511 Federal Register / Vol. 85, No. 49 / Thursday, March 12, 2020 / Notices railroad employer to provide information on the value of NQSOs and any ratification payments from the railroad employer separately from a railroad worker’s reported RRTA compensation to determine the payroll taxes due to the Social Security Administration (SSA) and CMS and administer transfer of funds between the RRB, SSA and CMS accordingly. The payroll information collected from the BA–15 is essential for the calculation of payroll taxes and benefits used by the FI. Failure to collect NQSOs and ratification payment information will result in understating the payroll taxes that should have been collected and the benefit amounts that would have been payable under the Social Security Act for FI purposes. Accurate compensation file tabulations are also an integral part of the data needed to estimate future tax revenues and corresponding FI amounts. Without information on NQSOs and ratification payments, the amount of funds to be transferred between the RRB, SSA and CMS cannot be determined. The RRB will use Form BA–15, Report of Stock Options and Other Payments, to request employer information and report identifying information as well as each employee’s social security number, name, and compensation information, which will be reported annually in a quarterly breakdown. The RRB plans to receive Form BA–15 by secure Email, File Transfer Protocol (FTP), or via CD– ROM. ESTIMATE OF ANNUAL RESPONDENT BURDEN Annual responses Form No. Burden (hours) BA–15 (by secure E-mail, FTP, or CD–ROM)—Positive ............................................................ BA–15 (by secure E-mail, FTP, or CD–ROM)—Negative .......................................................... 50 550 300 15 250 137.5 Total ...................................................................................................................................... 600 ........................ 387.5 Additional Information or Comments: To request more information or to obtain a copy of the information collection justification, forms, and/or supporting material, contact Kennisha Tucker at (312) 469–2591 or Kennisha.Tucker@rrb.gov. Comments regarding the information collection should be addressed to Brian Foster, Railroad Retirement Board, 844 North Rush Street, Chicago, Illinois 60611– 1275 or emailed to Brian.Foster@rrb.gov. Written comments should be received within 60 days of this notice. Brian Foster, Clearance Officer. [FR Doc. 2020–05034 Filed 3–11–20; 8:45 am] BILLING CODE 7905–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–88343; File No. SR–NSCC– 2020–006] khammond on DSKJM1Z7X2PROD with NOTICES Time (minutes) Self-Regulatory Organizations; National Securities Clearing Corporation; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Establish Implementation Date of National Securities Clearing Corporation’s Enhancements to the Haircut-Based Volatility Charge Applicable to Municipal Bonds March 6, 2020. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. VerDate Sep<11>2014 16:31 Mar 11, 2020 Jkt 250001 notice is hereby given that on March 3, 2020, National Securities Clearing Corporation (‘‘NSCC’’) filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change as described in Items I, II and III below, which Items have been prepared by the clearing agency. NSCC filed the proposed rule change pursuant to Section 19(b)(3)(A) 3 of the Act and subparagraph (f)(4) 4 of Rule 19b–4 thereunder. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Clearing Agency’s Statement of the Terms of Substance of the Proposed Rule Change The proposed rule change consists of amendments to the NSCC Rules & Procedures (the ‘‘Rules’’) 5 in order to establish the implementation date 6 of rule changes (‘‘Approved Rule Change’’) submitted pursuant to rule filing SR– NSCC–2019–004 (‘‘Rule Filing’’) 7 and advance notice SR–NSCC–2019–801 (‘‘Advance Notice’’).8 Pursuant to the proposed rule change, the Rules would 3 15 U.S.C. 78s(b)(3)(A). CFR 240.19b–4(f)(4). 5 Capitalized terms not defined herein are defined in the Rules, available at https://dtcc.com/∼/media/ Files/Downloads/legal/rules/nscc_rules.pdf. 6 The implementation date was previously set for February 28, 2020 pursuant to rule filing NSCC– 2020–004. See Securities Exchange Act Release No. 88260 (February 21, 2020), 85 FR 11425 (February 27, 2020) (SR–NSCC–2020–004). 7 See Securities Exchange Act Release No. 87858 (December 26, 2019), 85 FR 149 (January 2, 2020) (SR–NSCC–2019–004). 8 See Securities Exchange Act Release No. 87911 (January 8, 2020), 85 FR 2197 (January 14, 2020) (File No. SR–NSCC–2019–801). 4 17 PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 be amended to state that the Approved Rule Change will be implemented by March 27, 2020, as discussed below. II. Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the clearing agency 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 clearing agency has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. (A) Clearing Agency’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose On February 13, 2020, the Commission issued an order approving the Rule Filing,9 which was filed by NSCC pursuant to Section 19(b)(2) of Act’’).10 The Commission also issued a notice of no objection to the Advance Notice,11 which was filed with the Commission pursuant to Section 806(e)(1) of Title VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision 9 See Securities Exchange Act Release No. 88191 (February 13, 2020), 85 FR 9843 (February 20, 2020) (SR–NSCC–2019–004). 10 15 U.S.C. 78s(b)(2). 11 See Securities Exchange Act Release No. 88162 (February 11, 2020), 85 FR 8798 (February 18, 2020) (SR–NSCC–2019–801). E:\FR\FM\12MRN1.SGM 12MRN1

Agencies

Railroad Retirement Board

[Federal Register Volume 85, Number 49 (Thursday, March 12, 2020)]
[Notices]
[Pages 14510-14511]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-05034]


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RAILROAD RETIREMENT BOARD


Proposed Collection; Comment Request

    Summary: In accordance with the requirement of Section 3506 
(c)(2)(A) of the Paperwork Reduction Act of 1995 which provides 
opportunity for public comment on new or revised data collections, the 
Railroad Retirement Board (RRB) will publish periodic summaries of 
proposed data collections.
    Comments are invited on: (a) Whether the proposed information 
collection is necessary for the proper performance of the functions of 
the agency, including whether the information has practical utility; 
(b) the accuracy of the RRB's estimate of the burden of the collection 
of the information; (c) ways to enhance the quality, utility, and 
clarity of the information to be collected; and (d) ways to minimize 
the burden related to the collection of information on respondents, 
including the use of automated collection techniques or other forms of 
information technology.
    Type of Information Collection: New Collection (Request for a new 
OMB Control Number).
    Title and purpose of information collection: Report of Stock 
Options and Other Payments; OMB 3220-NEW.
    The Railroad Retirement Board (RRB) is directed by 45 U.S.C. 
231f(c)(2) to establish a financial interchange (FI) between the 
railroad retirement and social security systems to place the Social 
Security Old-Age and Survivors Insurance (OASI) and Disability 
Insurance (DI) Trust Funds and the Centers for Medicare and Medicaid 
Services (CMS) Hospital Insurance (HI) Trust Fund in the same condition 
they would have been had railroad employment been covered by the Social 
Security Act and Federal Insurance Contributions Act (FICA). Each year, 
the RRB estimates the benefits and expenses that would have been paid 
by these trust funds, as well as the payroll taxes and income taxes 
that would have been received by them. To make these estimates, the RRB 
requires information on all earnings data that are not taxable under 
the Railroad Retirement Tax Act (RRTA), but would be taxable under 
FICA.
    A recent court ruling, Wisconsin Central Ltd. v. U.S., determined 
that non-qualified stock options (NQSOs) are not taxable under Section 
3231 of RRTA but would be taxable under FICA. Additionally, in Union 
Pacific Railroad Co. v. U.S., the Eight Circuit Court of Appeals 
determined whether certain ratification payments were taxable under the 
RRTA. The RRB requires

[[Page 14511]]

railroad employer to provide information on the value of NQSOs and any 
ratification payments from the railroad employer separately from a 
railroad worker's reported RRTA compensation to determine the payroll 
taxes due to the Social Security Administration (SSA) and CMS and 
administer transfer of funds between the RRB, SSA and CMS accordingly.
    The payroll information collected from the BA-15 is essential for 
the calculation of payroll taxes and benefits used by the FI. Failure 
to collect NQSOs and ratification payment information will result in 
understating the payroll taxes that should have been collected and the 
benefit amounts that would have been payable under the Social Security 
Act for FI purposes. Accurate compensation file tabulations are also an 
integral part of the data needed to estimate future tax revenues and 
corresponding FI amounts. Without information on NQSOs and ratification 
payments, the amount of funds to be transferred between the RRB, SSA 
and CMS cannot be determined.
    The RRB will use Form BA-15, Report of Stock Options and Other 
Payments, to request employer information and report identifying 
information as well as each employee's social security number, name, 
and compensation information, which will be reported annually in a 
quarterly breakdown. The RRB plans to receive Form BA-15 by secure 
Email, File Transfer Protocol (FTP), or via CD-ROM.

                                      Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
                                                                      Annual
                            Form No.                                 responses    Time (minutes)  Burden (hours)
----------------------------------------------------------------------------------------------------------------
BA-15 (by secure E-mail, FTP, or CD-ROM)--Positive..............              50             300             250
BA-15 (by secure E-mail, FTP, or CD-ROM)--Negative..............             550              15           137.5
                                                                 -----------------------------------------------
    Total.......................................................             600  ..............           387.5
----------------------------------------------------------------------------------------------------------------

    Additional Information or Comments: To request more information or 
to obtain a copy of the information collection justification, forms, 
and/or supporting material, contact Kennisha Tucker at (312) 469-2591 
or [email protected]. Comments regarding the information 
collection should be addressed to Brian Foster, Railroad Retirement 
Board, 844 North Rush Street, Chicago, Illinois 60611-1275 or emailed 
to [email protected]. Written comments should be received within 60 
days of this notice.

Brian Foster,
Clearance Officer.
[FR Doc. 2020-05034 Filed 3-11-20; 8:45 am]
BILLING CODE 7905-01-P

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