Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates, 17217-17219 [2021-06729]

Download as PDF Federal Register / Vol. 86, No. 61 / Thursday, April 1, 2021 / Notices I. Obtaining Information and Submitting Comments jbell on DSKJLSW7X2PROD with NOTICES A. Obtaining Information Please refer to Docket ID NRC–2020– 0235 when contacting the NRC about the availability of information for this action. You may obtain publicly available information related to this action by any of the following methods; however, the NRC encourages electronic comment submission through the Federal Rulemaking Website: • Federal Rulemaking Website: Go to https://www.regulations.gov/ and search for Docket ID NRC–2020–0235. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may obtain publicly available 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 supporting statement and burden spreadsheet are available in ADAMS under Accession Nos. ML21013A489 and ML21013A488. • Attention: The PDR, where you may examine and order copies of public documents, is currently closed. You may submit your request to the PDR via email at pdr.resource@nrc.gov or call 1– 800–397–4209 or 301–415–4737, between 8:00 a.m. and 4:00 p.m. (EST), Monday through Friday, except Federal holidays. • NRC’s Clearance Officer: A copy of the collection of information and related instructions may be obtained without charge by contacting the NRC’s Clearance Officer, David Cullison, Office of the Chief Information Officer, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001; telephone: 301–415–2084; email: Infocollects.Resource@nrc.gov. B. Submitting Comments The NRC encourages electronic comment submission through the Federal Rulemaking website (https:// www.regulations.gov). Please include Docket ID NRC–2020–0235 in your comment submission. The NRC cautions you not to include identifying or contact information in comment submissions that you do not want to be publicly disclosed in your comment submission. All comment submissions are posted at https:// www.regulations.gov/ and entered into ADAMS. Comment submissions are not routinely edited to remove identifying or contact information. VerDate Sep<11>2014 19:02 Mar 31, 2021 Jkt 253001 If you are requesting or aggregating comments from other persons for submission to the OMB, then you should inform those persons not to include identifying or contact information that they do not want to be publicly disclosed in their comment submission. Your request should state that comment submissions are not routinely edited to remove such information before making the comment submissions available to the public or entering the comment into ADAMS. II. Background In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. Chapter 35), the NRC is requesting public comment on its intention to request the OMB’s approval for the information collection summarized below. 1. The title of the information collection: Part 140 of title 10 of the Code of Federal Regulations (10 CFR), ‘‘Financial Protection Requirements and Indemnity Agreements.’’ 2. OMB approval number: 3150–0039. 3. Type of submission: Extension. 4. The form number, if applicable: Not applicable. 5. How often the collection is required or requested: Annually, and on occasion, as needed for applicants and licensees to meet their responsibilities called for in Sections 170 and 193 of the Atomic Energy Act of 1954. 6. Who will be required or asked to respond: Each applicant for or holder of a license issued under 10 CFR parts 50 or 54, to operate a nuclear reactor, or the applicant for or holder of a combined license issued under 10 CFR parts 52 or 54, as well as licensees authorized to possess and use plutonium in a plutonium processing and fuel fabrication plant. In addition, licensees authorized to construct and operate a uranium enrichment facility in accordance with 10 CFR parts 40 and 70. 7. The estimated number of annual responses: 208. 8. The estimated number of annual respondents: 104. 9. The estimated number of hours needed annually to comply with the information collection requirement or request: The total reporting and recordkeeping burden is 753 (727 hours reporting + 26 hours recordkeeping). 10. Abstract: 10 CFR part 140 specifies the information to be submitted by licensees that enables the NRC to assess (a) financial protection required by licensees and for the indemnification and limitation of liability of certain licensees and other persons pursuant to Section 170 of the PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 17217 Atomic Energy Act of 1954, as amended, and (b) the liability insurance required opinion. On the basis of the EA included in Section II of this document and incorporated by reference into this finding, the NRC concludes that the proposed action would not have significant effects on the quality of the human environment. The NRC’s evaluation considered information provided in the licensee’s application as well as the NRC’s independent review of other relevant environmental documents. Based on its findings, the NRC has determined not to prepare an environmental impact statement for the proposed action. III. Specific Requests for Comments The NRC is seeking comments that address the following questions: 1. Is the proposed collection of information necessary for the NRC to properly perform its functions? Does the information have practical utility? 2. Is the estimate of the burden of the information collection accurate? 3. Is there a way to enhance the quality, utility, and clarity of the information to be collected? 4. How can the burden of the information collection on respondents be minimized, including the use of automated collection techniques or other forms of information technology? Dated: March 29, 2021. For the Nuclear Regulatory Commission. David C. Cullison, NRC Clearance Officer, Office of the Chief Information Officer. [FR Doc. 2021–06752 Filed 3–31–21; 8:45 am] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request extension of OMB approval of information collection, with modifications. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of a collection of information with modifications. The purpose of this information collection is to survey insurance company rates for pricing annuity contracts to obtain information SUMMARY: E:\FR\FM\01APN1.SGM 01APN1 jbell on DSKJLSW7X2PROD with NOTICES 17218 Federal Register / Vol. 86, No. 61 / Thursday, April 1, 2021 / Notices needed to set actuarial assumptions. The American Council of Life Insurers conducts this voluntary survey for PBGC. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. DATES: Comments should be submitted by June 1, 2021. ADDRESSES: Comments may be submitted by any of the following methods: • Federal eRulemaking Portal: https://www.regulations.gov. Follow the website instructions for submitting comments. • Email: paperwork.comments@ pbgc.gov. Refer to Survey of Insurance Company Rates or OMB control number 1212–0030 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 Survey of Insurance Company Rates or OMB control number 1212–0030. All comments received will be posted without change to PBGC’s website, https://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: Hilary Duke (duke.hilary@pbgc.gov), 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– 3839; or Gregory Katz (katz.gregory@ pbgc.gov), Attorney, Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005–4026, 202–229–3829. TTY users may call the Federal relay service tollfree at 800–877–8339 and ask to be connected to 202–229–3839 or 202– 229–3829. SUPPLEMENTARY INFORMATION: PBGC’s regulations prescribe actuarial valuation methods and assumptions (including interest rate assumptions) to be used to determine the actuarial present value of VerDate Sep<11>2014 19:02 Mar 31, 2021 Jkt 253001 benefits under single-employer plans in involuntary or distress terminations (29 CFR part 4044) and the value of benefits and certain assets under multiemployer plans that undergo a mass withdrawal of contributing employers (29 CFR part 4281). In each month immediately preceding the start of a new calendar quarter, PBGC publishes the interest rates to be used under those regulations for plans terminating or undergoing mass withdrawal during the next quarter. The interest rates are intended to reflect current conditions in the annuity markets. To determine these interest rates, PBGC gathers premium rate data from insurance companies that are providing annuity contracts to terminating pension plans through a quarterly survey. The American Council of Life Insurers (ACLI) distributes the survey and provides PBGC with ‘‘blind’’ data (i.e., PBGC is unable to match responses with the insurance companies that submitted them). PBGC also uses the information from the survey in determining the interest rates it uses to value benefits payable to participants and beneficiaries in PBGC-trusteed plans for purposes of PBGC’s financial statements. PBGC is proposing several changes to the survey distributed by ACLI: • Addition of a question asking for specific information about the interest assumptions underlying the annuity premium rates reported in parts I and II of the survey. This information is needed to allow PBGC to better analyze annuity price data provided in the survey. • Increases to the dollar ranges in the questions on respondents’ group annuity business in part III to allow the survey to continue to capture the variability and range of business accepted by respondents as the prices of plan termination annuity contracts increase with inflation. • Changes to the instructions to clarify that respondents should provide pricing information only for full plan terminations (and transactions priced consistently with full plan terminations), that the annuity rates provided should include reductions for investment expenses but exclude administrative expenses and reductions for competitive bidding, and that respondents should assume that plan provisions are straightforward and do not contain significant levels of antiselection, expensive options, or subsidies. • Addition of a confirmation that administrative expenses are excluded from pricing information and an option to comment on any exceptions. This is PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 needed for PBGC to compare pricing information amongst survey responses when respondents are unable to completely exclude administrative expenses from pricing information. • Consolidation and simplification of former parts III and IV into a new part III and elimination of questions asking for information PBGC no longer uses. These changes streamline and simplify the response process. • Modification of a question asking for the volume of respondents’ plan termination annuity business so that it requests annual data instead of quarterly data to reduce volatility in survey responses. • Addition of a question soliciting feedback on how PBGC could improve the survey process. • Addition of flexibility to conduct the survey electronically. This voluntary survey is directed at insurance companies most, if not all, of which are members of ACLI. The survey is conducted quarterly and approximately 20 insurance companies will be asked to participate. PBGC estimates that about six insurance companies will respond to the survey each quarter, and that each survey will require approximately 30 minutes to complete and return. The total burden is estimated to be 12 hours (30 minutes per survey four surveys per year six respondents per quarter). The existing collection of information was approved under OMB control number 1212–0030 (expires August 31, 2021). PBGC intends to request that OMB approve PBGC’s use of this form for 3 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 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:\FR\FM\01APN1.SGM 01APN1 Federal Register / Vol. 86, No. 61 / Thursday, April 1, 2021 / Notices e.g. permitting electronic submission of responses. Issued in Washington DC by. Hilary Duke, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2021–06729 Filed 3–31–21; 8:45 am] BILLING CODE 7709–02–P OFFICE OF PERSONNEL MANAGEMENT Comment Request for Review of Information Collection: CyberCorps®: Scholarship for Service Registration System; OMB No. 3206–0246 Office of Personnel Management. ACTION: 60–Day notice and request for comments from the general public and other Federal agencies on request for extension, without change, of a previously approved collection for which approval will expire September 19, 2021. AGENCY: In accordance with the Paperwork Reduction Act of 1995, as amended by the Clinger-Cohen Act, this notice announces the Office of Personnel Management (OPM), Human Resources Solutions (HRS) intends to submit to the Office of Management and Budget (OMB) a request for review of a previously approved Information Collection Request (ICR), 3206–0246, Scholarship for Service Registration, for which approval will expire September 19, 2021. DATES: Comments are encouraged and should be received within 60 calendar days from the date of this publication. This process is conducted in accordance with 5 CFR 1320.1. ADDRESSES: Interested persons are invited to submit written comments on the proposed information collection to: Office of Personnel Management, MidAtlantic Services Branch, Attention: Stephanie Travis, 200 Granby Street, Suite 500, Norfolk, VA 23510–1886, or via electronic email to: sfs@opm.gov. FOR FURTHER INFORMATION CONTACT: A copy of this ICR, with applicable supporting documentation, may be obtained by contacting: Office of Personnel Management, Mid-Atlantic Services Branch, Attention: Stephanie Travis, 200 Granby Street, Suite 500, Norfolk, VA 23510–1886, or via electronic email to: sfs@opm.gov, or via telephone at: 202–606–1800. SUPPLEMENTARY INFORMATION: The CyberCorps®: Scholarship for Service (SFS) Program was established by the jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:02 Mar 31, 2021 Jkt 253001 National Science Foundation, in collaboration with the Office of Personnel Management and the Department of Homeland Security, in accordance with the Cybersecurity Enhancement Act of 2014 (Pub. L. 113– 274) as amended by the National Defense Authorization Act FY18 (15 U.S.C. 7442). This initiative reflects the critical need for Information Technology (IT) professionals, industrial control system security professionals, and security managers in government. Students identified by their institutions for SFS Scholarships must meet selection criteria based on prior academic performance, likelihood of success in obtaining the degree, and suitability for government employment. Each scholarship recipient, as a condition of receiving a scholarship under the program, enters into an agreement under which the recipient agrees to work during the summer between academic terms and work for a period equal to the length of the scholarship, following receipt of the student’s degree, in the cyber security mission of: (1) An executive agency (as defined in the United States Code, Title 5, Section 105; (2) Congress, including any agency, entity, office, or commission established in the legislative branch; (3) an interstate agency; (4) a State, local, or Tribal government; or (5) a State, local, or Tribal government-affiliated non-profit that is critical infrastructure (as defined in section 1016(e) of the USA Patriot Act (42 U.S.C. 5195c(e)). Approval of the CyberCorps®: Scholarship for Service (SFS) Registration system is necessary to continue management and operation of the program in accordance with the Cybersecurity Enhancement Act of 2014 (Pub. L. 113–274) as amended by the National Defense Authorization Act FY18 (15 U.S.C. 7442), and to facilitate the timely registration, selection and placement of program-enrolled students in government agencies. 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 the 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; PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 17219 3. Enhance the quality, utility, and clarity of the information to be collected; and 4. Ways in which we can 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. Analysis Agency: Office of Personnel Management, Human Resources Solutions, CyberCorps®: Scholarship for Service Program. Title: Scholarship for Service (SFS) Program internet Site. OMB Number: 3206–0246. Frequency: Annually. Affected Public: Individuals or Households. Number of Respondents: 761. Estimated Time per Respondent: 1 hour. Total Burden Hours: 761 hours. Alexys Stanley, Regulatory Affairs Analyst. [FR Doc. 2021–06201 Filed 3–31–21; 8:45 am] BILLING CODE 6325–43–P POSTAL SERVICE Change in Class of General Applicability for Competitive Products AGENCY: Postal ServiceTM. Notice of a change in class of general applicability for competitive products. ACTION: This notice sets forth changes in class of general applicability for Priority Mail Express. SUMMARY: DATES: May 23, 2021. FOR FURTHER INFORMATION CONTACT: Elizabeth Reed, 202–268–3179. On February 8, 2021, pursuant to their authority under 39 U.S.C. 3632, the Governors of the Postal Service established classification changes for a competitive product, namely, Priority Mail Express. The Governors’ Decision and the record of proceedings in connection with such decision are SUPPLEMENTARY INFORMATION: E:\FR\FM\01APN1.SGM 01APN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 86, Number 61 (Thursday, April 1, 2021)]
[Notices]
[Pages 17217-17219]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-06729]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Survey of Nonparticipating Single Premium Group 
Annuity Rates

AGENCY: Pension Benefit Guaranty Corporation.

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

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to 
request that the Office of Management and Budget (OMB) extend approval, 
under the Paperwork Reduction Act, of a collection of information with 
modifications. The purpose of this information collection is to survey 
insurance company rates for pricing annuity contracts to obtain 
information

[[Page 17218]]

needed to set actuarial assumptions. The American Council of Life 
Insurers conducts this voluntary survey for PBGC. This notice informs 
the public of PBGC's intent and solicits public comment on the 
collection of information.

DATES: Comments should be submitted by June 1, 2021.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the website instructions for submitting comments.
     Email: [email protected]. Refer to Survey of 
Insurance Company Rates or OMB control number 1212-0030 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 Survey of 
Insurance Company Rates or OMB control number 1212-0030. All comments 
received will be posted without change to PBGC's website, https://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: Hilary Duke ([email protected]), 
Assistant General Counsel for Regulatory Affairs, Office of the General 
Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, 
Washington, DC 20005-4026, 202-229-3839; or Gregory Katz 
([email protected]), Attorney, Regulatory Affairs Division, Office 
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street NW, Washington, DC 20005-4026, 202-229-3829. TTY users may call 
the Federal relay service toll-free at 800-877-8339 and ask to be 
connected to 202-229-3839 or 202-229-3829.

SUPPLEMENTARY INFORMATION: PBGC's regulations prescribe actuarial 
valuation methods and assumptions (including interest rate assumptions) 
to be used to determine the actuarial present value of benefits under 
single-employer plans in involuntary or distress terminations (29 CFR 
part 4044) and the value of benefits and certain assets under 
multiemployer plans that undergo a mass withdrawal of contributing 
employers (29 CFR part 4281). In each month immediately preceding the 
start of a new calendar quarter, PBGC publishes the interest rates to 
be used under those regulations for plans terminating or undergoing 
mass withdrawal during the next quarter.
    The interest rates are intended to reflect current conditions in 
the annuity markets. To determine these interest rates, PBGC gathers 
premium rate data from insurance companies that are providing annuity 
contracts to terminating pension plans through a quarterly survey. The 
American Council of Life Insurers (ACLI) distributes the survey and 
provides PBGC with ``blind'' data (i.e., PBGC is unable to match 
responses with the insurance companies that submitted them). PBGC also 
uses the information from the survey in determining the interest rates 
it uses to value benefits payable to participants and beneficiaries in 
PBGC-trusteed plans for purposes of PBGC's financial statements.
    PBGC is proposing several changes to the survey distributed by 
ACLI:
     Addition of a question asking for specific information 
about the interest assumptions underlying the annuity premium rates 
reported in parts I and II of the survey. This information is needed to 
allow PBGC to better analyze annuity price data provided in the survey.
     Increases to the dollar ranges in the questions on 
respondents' group annuity business in part III to allow the survey to 
continue to capture the variability and range of business accepted by 
respondents as the prices of plan termination annuity contracts 
increase with inflation.
     Changes to the instructions to clarify that respondents 
should provide pricing information only for full plan terminations (and 
transactions priced consistently with full plan terminations), that the 
annuity rates provided should include reductions for investment 
expenses but exclude administrative expenses and reductions for 
competitive bidding, and that respondents should assume that plan 
provisions are straightforward and do not contain significant levels of 
anti-selection, expensive options, or subsidies.
     Addition of a confirmation that administrative expenses 
are excluded from pricing information and an option to comment on any 
exceptions. This is needed for PBGC to compare pricing information 
amongst survey responses when respondents are unable to completely 
exclude administrative expenses from pricing information.
     Consolidation and simplification of former parts III and 
IV into a new part III and elimination of questions asking for 
information PBGC no longer uses. These changes streamline and simplify 
the response process.
     Modification of a question asking for the volume of 
respondents' plan termination annuity business so that it requests 
annual data instead of quarterly data to reduce volatility in survey 
responses.
     Addition of a question soliciting feedback on how PBGC 
could improve the survey process.
     Addition of flexibility to conduct the survey 
electronically.
    This voluntary survey is directed at insurance companies most, if 
not all, of which are members of ACLI. The survey is conducted 
quarterly and approximately 20 insurance companies will be asked to 
participate. PBGC estimates that about six insurance companies will 
respond to the survey each quarter, and that each survey will require 
approximately 30 minutes to complete and return. The total burden is 
estimated to be 12 hours (30 minutes per survey four surveys per year 
six respondents per quarter).
    The existing collection of information was approved under OMB 
control number 1212-0030 (expires August 31, 2021). PBGC intends to 
request that OMB approve PBGC's use of this form for 3 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 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,

[[Page 17219]]

e.g. permitting electronic submission of responses.

    Issued in Washington DC by.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2021-06729 Filed 3-31-21; 8:45 am]
BILLING CODE 7709-02-P

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