Agency Information Collection Activities: Comment Request; Information Collections: Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust, 68934-68935 [2020-24037]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES 68934 Federal Register / Vol. 85, No. 211 / Friday, October 30, 2020 / Notices or sharing information about their pay or, in certain circumstances, the pay of their co-workers. E.O. 11246 applies to federal contractors and subcontractors and to federally assisted construction contractors holding a Government contract in excess of $10,000, or Government contracts that have, or can reasonably be expected to have, an aggregate total value exceeding $10,000 in a 12-month period. E.O. 11246 also applies to government bills of lading, depositories of federal funds in any amount, and to financial institutions that are issuing and paying agents for U.S. savings bonds. Section 503 prohibits employment discrimination against applicants and employees because of physical or mental disability and requires contractors and subcontractors to take affirmative action to employ and advance in employment qualified individuals with disabilities. Section 503 applies to federal contractors and subcontractors with contracts in excess of $15,000. VEVRAA requires contractors to take affirmative action to employ, and advance in employment, qualified protected veterans. VEVRAA applies to federal contractors and subcontractors with contracts of $150,000 or more. This information collection request (ICR) seeks to renew the recordkeeping and reporting requirements for construction contractors. OFCCP seeks to renew its existing Construction Contract Award Notification Form (Form CC–314), and introduce a new batch upload feature that would enable the submission of multiple notifications at once. Additionally, the instruments associated with Collection 1250–0011 (Construction Compliance Check Letters) have been moved to this collection to centralize the recordkeeping and reporting burden of the two ICRs. II. Review Focus: OFCCP is particularly interested in comments which: • Evaluate whether the proposed collection of information is necessary for the compliance assistance functions of the agency that support the agency’s compliance mission, 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 methodology 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 VerDate Sep<11>2014 21:10 Oct 29, 2020 Jkt 253001 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. III. Current Actions: OFCCP seeks approval of this information collection in order to carry out and enhance its responsibilities to enforce the nondiscrimination and affirmative action provisions of the three legal authorities it administers. Type of Review: Renewal. Agency: Office of Federal Contract Compliance Programs. Title: Construction Recordkeeping and Reporting Requirements. OMB Number: 1250–0001. Agency Number: None. Affected Public: Business or other forprofit entities. Total Respondents: 12,609 recordkeeping/6,848 reporting. Total Annual Responses: 12,609 recordkeeping/6,848 reporting. Average Time per Response: .5 hours, Notification of Subcontract Award; 5 hours, direct federal compliance check letter; 3 hours, federally-assisted compliance check letter. Estimated Total Burden Hours: 147,720 hours. Frequency: On occasion. Total Burden Cost (capital/startup): $0. Total Burden Cost (operating/ maintenance): $7,555. Tina Williams, Director, Division of Policy and Program Development, Office of Federal Contract Compliance Programs. [FR Doc. 2020–24112 Filed 10–29–20; 8:45 am] BILLING CODE 4510–CM–P DEPARTMENT OF LABOR Bureau of Labor Statistics Technical Advisory Committee; Notice of Meeting and Agenda The Bureau of Labor Statistics Technical Advisory Committee will meet on Friday, November 20, 2020. In light of the travel restrictions and social distancing requirements resulting from the COVID–19 outbreak, this meeting will be held virtually from 10 a.m. to 3 p.m. EST. The Committee presents advice and makes recommendations to the Bureau of Labor Statistics (BLS) on technical aspects of data collection and the formulation of economic measures and makes recommendations on areas of research. The BLS presents issues and PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 then draws on the expertise of Committee members representing specialized fields within the academic disciplines of economics, statistics and data science, and survey design. The schedule and agenda for the meeting are as follows: 10:00 a.m.—Commissioner’s Welcome and Review of Agency Developments 10:30 a.m.—JOLTS Experimental State Estimates Background and Priorities 11:45 p.m.—A Review of Hedonic Price Adjustment Techniques for Products Experiencing Rapid and Complex Quality Change 1:45 p.m.—Confidence Intervals for Preliminary Estimates of Quarterly Labor Productivity 2:45 p.m.—Concluding Remarks 3:00 p.m.—Approximate Conclusion The meeting is open to the public. Any questions concerning the meeting should be directed to Sarah Dale, Bureau of Labor Statistics Technical Advisory Committee, at BLSTAC@ bls.gov. Individuals planning to attend the meeting should register at https:// blstac.eventbrite.com. Individuals who require special accommodations should contact Ms. Dale at least two days prior to the meeting date. Signed at Washington, DC, this 26th day of October 2020. Mark Staniorski, Chief, Division of Management Systems. [FR Doc. 2020–24118 Filed 10–29–20; 8:45 am] BILLING CODE 4510–24–P DEPARTMENT OF LABOR Wage and Hour Division Agency Information Collection Activities: Comment Request; Information Collections: Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust Wage and Hour Division, Department of Labor. ACTION: Notice. AGENCY: The Department of Labor (Department), as part of its continuing effort to reduce paperwork and respondent burden, conducts a preclearance consultation program to provide the general public and federal agencies with an opportunity to comment on proposed and/or continuing collections of information in accordance with the Paperwork Reduction Act of 1995. This program helps to ensure that requested data can be provided in the desired format, reporting burden (time and financial SUMMARY: E:\FR\FM\30OCN1.SGM 30OCN1 Federal Register / Vol. 85, No. 211 / Friday, October 30, 2020 / Notices resources) is minimized, collection instruments are clearly understood, and the impact of collection requirements on respondents can be properly assessed. Currently, the Wage and Hour Division is soliciting comments concerning the revision to Office of Management and Budget approval of the Information Collections: Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide ProfitSharing Plan or Trust. A copy of the proposed information collection request can be obtained by contacting the office listed below in the FOR FURTHER INFORMATION CONTACT section of this Notice. Written comments must be submitted to the office listed in the addresses section below on or before December 29, 2020. DATES: You may submit comments, identified by Control Number 1235– 0013, by either one of the following methods: Email: WHDPRAComments@dol.gov. Mail, Hand Delivery, Courier: Division of Regulations, Legislation, and Interpretation, Wage and Hour Division, U.S. Department of Labor, Room S– 3502, 200 Constitution Avenue, NW, Washington, DC 20001. Instructions: Please submit one copy of your comments by only one method. All submissions received must include the agency name and control number identified above for this information collection. Because we continue to experience delays in receiving mail in the Washington, DC area, commenters are strongly encouraged to transmit their comments electronically via email or to submit them by mail early. Comments, including any personal information provided, become a matter of public record. They will also be summarized and/or included in the request for Office of Management and Budget approval of the information collection request. ADDRESSES: jbell on DSKJLSW7X2PROD with NOTICES FOR FURTHER INFORMATION CONTACT: Robert Waterman, Compliance Specialist, Division of Regulations, Legislation, and Interpretation, Wage and Hour Division, U.S. Department of Labor, Room S–3502, 200 Constitution Avenue, NW, Washington, DC 20001; telephone: (202) 693–0406 (this is not a toll-free number). Copies of this notice may be obtained in alternative formats (Large Print, Braille, Audio Tape or Disc), upon request, by calling (202) 693–0023 (not a toll-free number). TTY/ TDD callers may dial toll-free (877) 889– 5627 to obtain information or request materials in alternative formats. SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 21:10 Oct 29, 2020 Jkt 253001 I. Background This extension is for the Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust information collection. The information collection requirements apply to employers claiming the overtime exemption available under Fair Labor Standards Act section 7(e)(3)(b), 29 U.S.C. 207(e)(3)(b). Specifically, in calculating an employee’s regular rate of pay, an employer need not include contributions made to a bona fide thrift or savings plan or a bona fide profitsharing plan or trust—as defined in regulations 29 CFR parts 547 and 549. An employer is required to communicate, or to make available to its employees, the terms of the bona fide thrift, savings, or profit-sharing plan or trust and to retain certain records. Fair Labor Standards Act section 11(c) authorizes this information collection. See 29 U.S.C. 211(c). II. Review Focus The Department is particularly interested in comments that: * 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 methodology 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. III. Current Actions The Department seeks to extend the information collection request for the Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust. Type of Review: Extension. Agency: Wage and Hour Division. Titles: Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust. OMB Control Number: 1235–0013. Affected Public: Businesses or other for-profits. PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 68935 Total Estimated Respondents: 1,505,270. Total Annual responses: 2,032,115. Estimated Total Burden Hours: 1,129. Estimated Time Per Response: The annual burden is estimated to equal two seconds (one second for disclosure and one second for recordkeeping) per new employee. Frequency: Annual. Total Burden Cost (capital/startup): $0. Total Burden Cost (operating/ maintenance): $0. Dated: October 26, 2020. Amy DeBisschop, Director, Division of Regulations, Legislation, & Interpretation. [FR Doc. 2020–24037 Filed 10–29–20; 8:45 am] BILLING CODE 4510–27–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–90270; File No. SR–LCH SA–2020–006] Self-Regulatory Organizations; LCH SA; Notice of Filing of Proposed Rule Change Relating to the Amendments of LCH SA Risk Liquidity Modeling Framework October 26, 2020. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder 2 notice is hereby given that on October 20, 2020, Banque Centrale de Compensation, which conducts business under the name LCH SA (‘‘LCH SA’’), filed with the Securities and Exchange Commission (‘‘Commission’’) the proposed rule change described in Items I, II and III below, which Items have been prepared primarily by LCH SA. 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 Banque Centrale de Compensation, which conducts business under the name LCH SA (‘‘LCH SA’’), is proposing to amend its Liquidity Risk Modeling Framework (the ‘‘Framework’’) in order to address more accurately the liquidity requirements in the event of the assignment and exercise of equity American options (the ‘‘Proposed Rule Change’’). 1 15 2 17 E:\FR\FM\30OCN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 30OCN1

Agencies

[Federal Register Volume 85, Number 211 (Friday, October 30, 2020)]
[Notices]
[Pages 68934-68935]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-24037]


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DEPARTMENT OF LABOR

Wage and Hour Division


Agency Information Collection Activities: Comment Request; 
Information Collections: Requirements of a Bona Fide Thrift or Savings 
Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust

AGENCY: Wage and Hour Division, Department of Labor.

ACTION: Notice.

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SUMMARY: The Department of Labor (Department), as part of its 
continuing effort to reduce paperwork and respondent burden, conducts a 
preclearance consultation program to provide the general public and 
federal agencies with an opportunity to comment on proposed and/or 
continuing collections of information in accordance with the Paperwork 
Reduction Act of 1995. This program helps to ensure that requested data 
can be provided in the desired format, reporting burden (time and 
financial

[[Page 68935]]

resources) is minimized, collection instruments are clearly understood, 
and the impact of collection requirements on respondents can be 
properly assessed. Currently, the Wage and Hour Division is soliciting 
comments concerning the revision to Office of Management and Budget 
approval of the Information Collections: Requirements of a Bona Fide 
Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing 
Plan or Trust. A copy of the proposed information collection request 
can be obtained by contacting the office listed below in the FOR 
FURTHER INFORMATION CONTACT section of this Notice.

DATES: Written comments must be submitted to the office listed in the 
addresses section below on or before December 29, 2020.

ADDRESSES: You may submit comments, identified by Control Number 1235-
0013, by either one of the following methods:
    Email: [email protected].
    Mail, Hand Delivery, Courier: Division of Regulations, Legislation, 
and Interpretation, Wage and Hour Division, U.S. Department of Labor, 
Room S-3502, 200 Constitution Avenue, NW, Washington, DC 20001.
    Instructions: Please submit one copy of your comments by only one 
method. All submissions received must include the agency name and 
control number identified above for this information collection. 
Because we continue to experience delays in receiving mail in the 
Washington, DC area, commenters are strongly encouraged to transmit 
their comments electronically via email or to submit them by mail 
early. Comments, including any personal information provided, become a 
matter of public record. They will also be summarized and/or included 
in the request for Office of Management and Budget approval of the 
information collection request.

FOR FURTHER INFORMATION CONTACT: Robert Waterman, Compliance 
Specialist, Division of Regulations, Legislation, and Interpretation, 
Wage and Hour Division, U.S. Department of Labor, Room S-3502, 200 
Constitution Avenue, NW, Washington, DC 20001; telephone: (202) 693-
0406 (this is not a toll-free number). Copies of this notice may be 
obtained in alternative formats (Large Print, Braille, Audio Tape or 
Disc), upon request, by calling (202) 693-0023 (not a toll-free 
number). TTY/TDD callers may dial toll-free (877) 889-5627 to obtain 
information or request materials in alternative formats.

SUPPLEMENTARY INFORMATION:

I. Background

    This extension is for the Requirements of a Bona Fide Thrift or 
Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or 
Trust information collection. The information collection requirements 
apply to employers claiming the overtime exemption available under Fair 
Labor Standards Act section 7(e)(3)(b), 29 U.S.C. 207(e)(3)(b). 
Specifically, in calculating an employee's regular rate of pay, an 
employer need not include contributions made to a bona fide thrift or 
savings plan or a bona fide profit-sharing plan or trust--as defined in 
regulations 29 CFR parts 547 and 549. An employer is required to 
communicate, or to make available to its employees, the terms of the 
bona fide thrift, savings, or profit-sharing plan or trust and to 
retain certain records. Fair Labor Standards Act section 11(c) 
authorizes this information collection. See 29 U.S.C. 211(c).

II. Review Focus

    The Department is particularly interested in comments that:
    * 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 
methodology 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.

III. Current Actions

    The Department seeks to extend the information collection request 
for the Requirements of a Bona Fide Thrift or Savings Plan and 
Requirements of a Bona Fide Profit-Sharing Plan or Trust.
    Type of Review: Extension.
    Agency: Wage and Hour Division.
    Titles: Requirements of a Bona Fide Thrift or Savings Plan and 
Requirements of a Bona Fide Profit-Sharing Plan or Trust.
    OMB Control Number: 1235-0013.
    Affected Public: Businesses or other for-profits.
    Total Estimated Respondents: 1,505,270.
    Total Annual responses: 2,032,115.
    Estimated Total Burden Hours: 1,129.
    Estimated Time Per Response: The annual burden is estimated to 
equal two seconds (one second for disclosure and one second for 
recordkeeping) per new employee.
    Frequency: Annual.
    Total Burden Cost (capital/startup): $0.
    Total Burden Cost (operating/maintenance): $0.

    Dated: October 26, 2020.
Amy DeBisschop,
Director, Division of Regulations, Legislation, & Interpretation.
[FR Doc. 2020-24037 Filed 10-29-20; 8:45 am]
BILLING CODE 4510-27-P