Submission of Information Collection for OMB Review; Comment Request; Missing Participants, 79047-79048 [2020-26890]

Download as PDF Federal Register / Vol. 85, No. 236 / Tuesday, December 8, 2020 / Notices Officer, at (202) 692–1887, or PCFR@ peacecorps.gov. PENSION BENEFIT GUARANTY CORPORATION SUPPLEMENTARY INFORMATION: jbell on DSKJLSW7X2PROD with NOTICES Title: Donation Form. OMB Control Number: 0420–0564. Type of Request: Revision of a currently approved collection.. Affected Public: Individuals. Respondents Obligation to Reply: Voluntary. Respondents: Potential, current, and Returned Volunteers, and associated members of the public. Burden to the Public: • Donation Form. (a) Estimated number of Applicants: 13,000. (b) Frequency of response: One time. (c) Estimated average burden per response: 10 Minutes. (d) Estimated total reporting burden: 2,167 hours. (e) Estimated annual cost to respondents: 0.00. General Description of Collection: These are the forms used by members of the public to donate to the Peace Corps. Information collected allows for donations to made in honor or memory of a Peace Corps Volunteer, or allows for a Returned Peace Corps Volunteer to donate to a specific project or Post. The information pulled from the donation form is used internally and on a daily basis by the Peace Corps Office of Strategic Partnerships (OSP) to coordinate and oversee the development and implementation of partnerships to support the agency’s three goals and enhance programs through every stage of the Volunteer life cycle, communication with prospective and current donors. Request for Comment: Peace Corps invites comments on whether the proposed collections of information are necessary for proper performance of the functions of the Peace Corps, including whether the information will have practical use; the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the information to be collected; and, ways to minimize the burden of the collection of information on those who are to respond, including through the use of automated collection techniques, when appropriate, and other forms of information technology. This notice is issued in Washington, DC, on December 2, 2020. Virginia Burke, FOIA/Privacy Act Officer, Management. [FR Doc. 2020–26879 Filed 12–7–20; 8:45 am] BILLING CODE 6051–01–P VerDate Sep<11>2014 17:19 Dec 07, 2020 Jkt 253001 Submission of Information Collection for OMB Review; Comment Request; Missing Participants Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval of information collection, with modifications. AGENCY: SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of a collection of information under PBGC’s regulation on Missing Participants, with modifications. This notice informs the public of PBGC’s request and solicits public comment on the collection. DATES: Comments must be submitted on or before January 7, 2021. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. A copy of the request will be posted on PBGC’s website at https:// www.pbgc.gov/prac/laws-andregulation/federal-register-notices-openfor-comment. It may also be obtained without charge by writing to the Disclosure Division of the Office of the General Counsel of PBGC, 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 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: Stephanie Cibinic, Deputy Assistant General Counsel for Regulatory Affairs, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005– 4026; 202–229–6352. (TTY users may call the Federal Relay Service toll-free at 800–877–8339 and ask to be connected to 202–229–6352.) SUPPLEMENTARY INFORMATION: The process of closing out a terminated retirement plan involves the disposition of plan assets to satisfy the benefits of plan participants and beneficiaries. One difficulty faced by plan administrators PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 79047 in closing out terminated plans is how to provide for the benefits of missing persons. Title IV of ERISA includes a provision (section 4050 of ERISA) under which the Pension Benefit Guaranty Corporation (PBGC) holds retirement benefits for missing participants and beneficiaries in terminated pension plans and seeks to reunite those participants and beneficiaries with the benefits being held for them. The missing participants program was limited to single-employer DB plans covered by the title IV insurance program. The Pension Protection Act of 2006 authorized expansion of the missing participants program, and PBGC by final rule published on December 22, 2017 (82 FR 60800), extended the program to— • defined contribution (DC) plans (not covered by title IV 1), • small professional service DB plans (not covered by title IV), and • multiemployer DB plans (covered by title IV). All four programs follow the same basic design. The most prominent difference among them lies in the mandatory or voluntary nature of the programs. For plans covered by the title IV insurance program, participation in the program is mandatory. For plans not covered by title IV, PBGC’s regulation permits, but does not require, such plans to participate in PBGC’s missing participants program. PBGC needs information from plans that participate in the missing participants program to identify the plans and the missing participants and beneficiaries, to search for missing participants and beneficiaries, to determine the persons entitled to benefits that the plans transfer to PBGC and the form and amount of benefits payable, and to refer claimants of benefits being held elsewhere to the institutions holding the benefits. PBGC intends to modify its information collection to require additional information about missing participants in two categories in order to properly withhold taxes when such participants are located and their benefits claimed and paid. For DC plans that permit Roth accounts, PBGC intends to require a breakdown of qualified and non-qualified Roth amounts transferred to PBGC (if any), and if non-qualified Roth amounts are being transferred, the date the first Roth contribution was made. Where relevant for DB and DC plans, PBGC intends to require identification of the portion of a 1 Eligibility for the missing participants program under ERISA section 4050 is not by itself considered coverage by title IV or ERISA. E:\FR\FM\08DEN1.SGM 08DEN1 79048 Federal Register / Vol. 85, No. 236 / Tuesday, December 8, 2020 / Notices participant’s benefit transfer amount treated as foreign-source income, and if so, for DB plans how that determination was made. PBGC as administrator of the Missing Participants Program relies on information provided and certified to by the plan administrator or plan sponsor as applicable. The existing collection of information was approved under OMB control number 1212–0069 (expires January 31, 2021). On September 1, 2020 PBGC published in the Federal Register (at 85 FR 54433) a notice informing the public of its intent to request an extension of this collection of information, as modified. No comments were received. PBGC is requesting that OMB extend its approval of this collection of information (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 estimates that it will receive a total of 226 filings from plans each year under this collection of information. PBGC further estimates that the annual burden of this collection of information is 646 hours and $115,650. Issued in Washington, DC. Stephanie Cibinic, Deputy Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2020–26890 Filed 12–7–20; 8:45 am] BILLING CODE 7709–02–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2021–37 and CP2021–38; MC2021–38 and CP2021–39] New Postal Products Postal Regulatory Commission. Notice. AGENCY: jbell on DSKJLSW7X2PROD with NOTICES ACTION: SUMMARY: 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: December 9, 2020. ADDRESSES: 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. VerDate Sep<11>2014 17:19 Dec 07, 2020 Jkt 253001 FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. SUPPLEMENTARY INFORMATION: Table of Contents I. Introduction II. Docketed Proceeding(s) 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 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 3011.301.1 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 3030, and 39 CFR part 3040, 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 3035, and 39 CFR part 3040, subpart B. Comment deadline(s) for each request appear in section II. II. Docketed Proceeding(s) 1. Docket No(s).: MC2021–37 and CP2021–38; Filing Title: USPS Request 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 00061 Fmt 4703 Sfmt 4703 to Add Priority Mail & First-Class Package Service Contract 179 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: December 1, 2020; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Christopher C. Mohr; Comments Due: December 9, 2020. 2. Docket No(s).: MC2021–38 and CP2021–39; Filing Title: USPS Request to Add Priority Mail Express Contract 85 to Competitive Product List and Notice of Filing Materials Under Seal; Filing Acceptance Date: December 1, 2020; Filing Authority: 39 U.S.C. 3642, 39 CFR 3040.130 through 3040.135, and 39 CFR 3035.105; Public Representative: Christopher C. Mohr; Comments Due: December 9, 2020. This Notice will be published in the Federal Register. Erica A. Barker, Secretary. [FR Doc. 2020–26891 Filed 12–7–20; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–90549; File No. SR– NASDAQ–2020–028] Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To Amend IM–5101–1 (Use of Discretionary Authority) To Deny Listing or Continued Listing or To Apply Additional and More Stringent Criteria to an Applicant or Listed Company Based on Considerations Related to the Company’s Auditor or When a Company’s Business Is Principally Administered in a Jurisdiction That Is a Restrictive Market December 2, 2020. On May 19, 2020, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 a proposed rule change to amend IM–5101–1 (Use of Discretionary Authority) to deny listing or continued listing or to apply additional and more stringent criteria to 1 15 2 17 E:\FR\FM\08DEN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 08DEN1

Agencies

[Federal Register Volume 85, Number 236 (Tuesday, December 8, 2020)]
[Notices]
[Pages 79047-79048]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-26890]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Missing Participants

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval of information 
collection, with modifications.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
that the Office of Management and Budget (OMB) extend approval, under 
the Paperwork Reduction Act, of a collection of information under 
PBGC's regulation on Missing Participants, with modifications. This 
notice informs the public of PBGC's request and solicits public comment 
on the collection.

DATES: Comments must be submitted on or before January 7, 2021.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    A copy of the request will be posted on PBGC's website at https://www.pbgc.gov/prac/laws-and-regulation/federal-register-notices-open-for-comment. It may also be obtained without charge by writing to the 
Disclosure Division of the Office of the General Counsel of PBGC, 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 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: Stephanie Cibinic, Deputy Assistant 
General Counsel for Regulatory Affairs, Office of the General Counsel, 
Pension Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 
20005-4026; 202-229-6352. (TTY users may call the Federal Relay Service 
toll-free at 800-877-8339 and ask to be connected to 202-229-6352.)

SUPPLEMENTARY INFORMATION: The process of closing out a terminated 
retirement plan involves the disposition of plan assets to satisfy the 
benefits of plan participants and beneficiaries. One difficulty faced 
by plan administrators in closing out terminated plans is how to 
provide for the benefits of missing persons. Title IV of ERISA includes 
a provision (section 4050 of ERISA) under which the Pension Benefit 
Guaranty Corporation (PBGC) holds retirement benefits for missing 
participants and beneficiaries in terminated pension plans and seeks to 
reunite those participants and beneficiaries with the benefits being 
held for them.
    The missing participants program was limited to single-employer DB 
plans covered by the title IV insurance program. The Pension Protection 
Act of 2006 authorized expansion of the missing participants program, 
and PBGC by final rule published on December 22, 2017 (82 FR 60800), 
extended the program to--
     defined contribution (DC) plans (not covered by title IV 
\1\),
---------------------------------------------------------------------------

    \1\ Eligibility for the missing participants program under ERISA 
section 4050 is not by itself considered coverage by title IV or 
ERISA.
---------------------------------------------------------------------------

     small professional service DB plans (not covered by title 
IV), and
     multiemployer DB plans (covered by title IV).
    All four programs follow the same basic design. The most prominent 
difference among them lies in the mandatory or voluntary nature of the 
programs. For plans covered by the title IV insurance program, 
participation in the program is mandatory. For plans not covered by 
title IV, PBGC's regulation permits, but does not require, such plans 
to participate in PBGC's missing participants program.
    PBGC needs information from plans that participate in the missing 
participants program to identify the plans and the missing participants 
and beneficiaries, to search for missing participants and 
beneficiaries, to determine the persons entitled to benefits that the 
plans transfer to PBGC and the form and amount of benefits payable, and 
to refer claimants of benefits being held elsewhere to the institutions 
holding the benefits.
    PBGC intends to modify its information collection to require 
additional information about missing participants in two categories in 
order to properly withhold taxes when such participants are located and 
their benefits claimed and paid. For DC plans that permit Roth 
accounts, PBGC intends to require a breakdown of qualified and non-
qualified Roth amounts transferred to PBGC (if any), and if non-
qualified Roth amounts are being transferred, the date the first Roth 
contribution was made. Where relevant for DB and DC plans, PBGC intends 
to require identification of the portion of a

[[Page 79048]]

participant's benefit transfer amount treated as foreign-source income, 
and if so, for DB plans how that determination was made. PBGC as 
administrator of the Missing Participants Program relies on information 
provided and certified to by the plan administrator or plan sponsor as 
applicable.
    The existing collection of information was approved under OMB 
control number 1212-0069 (expires January 31, 2021). On September 1, 
2020 PBGC published in the Federal Register (at 85 FR 54433) a notice 
informing the public of its intent to request an extension of this 
collection of information, as modified. No comments were received. PBGC 
is requesting that OMB extend its approval of this collection of 
information (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 estimates that it will receive a total of 226 filings from 
plans each year under this collection of information. PBGC further 
estimates that the annual burden of this collection of information is 
646 hours and $115,650.

    Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2020-26890 Filed 12-7-20; 8:45 am]
BILLING CODE 7709-02-P
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