Sunshine Act Meetings, 53355 [2021-20967]
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Federal Register / Vol. 86, No. 184 / Monday, September 27, 2021 / Notices
information to review a plan’s eligibility
for SFA, priority group status (if
applicable), and amount of requested
SFA. PBGC estimates that over the next
3 years an annual average of 60 plan
sponsors will file applications for SFA
with an average annual hour burden of
600 hours and an average annual cost
burden of $1,800,000.
Under § 4262.16(i), a plan sponsor of
a plan that has received SFA must file
an Annual Statement of Compliance
with the restrictions and conditions
under section 4262 of ERISA and part
4262 once every year through 2051.
PBGC needs the information in the
Annual Statement of Compliance to
ensure that a plan is compliant with the
imposed restrictions and conditions.
PBGC estimates that over the next 3
years an annual average of 49 plan
sponsors will file Annual Statements of
Compliance with an average annual
hour burden of 98 hours and an average
annual cost burden of $117,600.
Under § 4262.15(c), a plan sponsor of
a plan with benefits that were
suspended under sections 305(e)(9) or
4245(a) of ERISA must issue notices of
reinstatement to participants and
beneficiaries whose benefits were
suspended and are being reinstated.
Participants and beneficiaries need the
notice of reinstatement to better
understand the calculation and timing
of their reinstated benefits and, if
applicable, make-up payments. PBGC
estimates that over the next 3 years an
average of 11 plans per year will be
required to send notices to participants
with suspended benefits. PBGC
estimates that these notices will impose
an average annual hour burden of 22
hours and average annual cost burden of
$22,667.
Finally, under § 4262.16(d), (f), and
(h) a plan sponsor must file a request for
a determination from PBGC for approval
for an exception under certain
circumstances for SFA conditions under
§ 4262.16 relating to reductions in
contributions, transfers or mergers, and
settlement of withdrawal liability. PBGC
needs the information required for a
request for determination to determine
whether to approve an exception from
the specified condition of receiving
SFA. PBGC estimates that beginning in
2023, PBGC will receive an average of
2.2 requests per year for determinations.
PBGC estimates an average annual hour
burden of 2.53 hours and average
annual cost burden of $6,333.
The estimated aggregate average
annual hour burden for the next 3 years
for the information collection in part
4262 is 723 hours for employer and
fund office administrative, clerical, and
supervisory time. The estimated
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aggregate average annual cost burden for
the next three years for the information
collection request in part 4262 is
$1,946,600, for approximately 4,867
contract hours assuming an average
hourly rate of $400 for work done by
outside actuaries and attorneys. The
actual hour burden and cost burden per
plan will vary depending on plan size
and other factors.
The collection of information under
the regulation has been approved by
OMB under control number 1212–0074
(expires January 31, 2022). PBGC
intends to request that OMB extend its
approval 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.g. permitting electronic submission of
responses.
MATTERS TO BE CONSIDERED:
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the closed meeting. Certain
staff members who have an interest in
the matters also may be present.
In the event that the time, date, or
location of this meeting changes, an
announcement of the change, along with
the new time, date, and/or place of the
meeting will be posted on the
Commission’s website at https://
www.sec.gov.
The General Counsel of the
Commission, or his designee, has
certified that, in his opinion, one or
more of the exemptions set forth in 5
U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B)
and (10) and 17 CFR 200.402(a)(3),
(a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and
(a)(10), permit consideration of the
scheduled matters at the closed meeting.
The subject matter of the closed
meeting will consist of the following
topics:
Institution and settlement of
injunctive actions;
Institution and settlement of
administrative proceedings;
Resolution of litigation claims; and
Other matters relating to examinations
and enforcement proceedings.
At times, changes in Commission
priorities require alterations in the
scheduling of meeting agenda items that
may consist of adjudicatory,
examination, litigation, or regulatory
matters.
Issued in Washington, DC, by:
Hilary Duke,
Assistant General Counsel for Regulatory
Affairs, Pension Benefit Guaranty
Corporation.
Dated: September 22, 2021.
Vanessa A. Countryman,
Secretary.
CONTACT PERSON FOR MORE INFORMATION:
For further information; please contact
Vanessa A. Countryman from the Office
of the Secretary at (202) 551–5400.
[FR Doc. 2021–20967 Filed 9–23–21; 11:15 am]
BILLING CODE 8011–01–P
[FR Doc. 2021–20893 Filed 9–24–21; 8:45 am]
BILLING CODE 7709–02–P
SECURITIES AND EXCHANGE
COMMISSION
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–93095; File No. SR–ICEEU–
2021–017]
Sunshine Act Meetings
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10:00 a.m. on
Wednesday, September 29, 2021.
PLACE: The meeting will be held via
remote means and/or at the
Commission’s headquarters, 100 F
Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to
the public.
TIME AND DATE:
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September 21, 2021.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
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[Federal Register Volume 86, Number 184 (Monday, September 27, 2021)]
[Notices]
[Page 53355]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-20967]
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SECURITIES AND EXCHANGE COMMISSION
Sunshine Act Meetings
TIME AND DATE: 10:00 a.m. on Wednesday, September 29, 2021.
PLACE: The meeting will be held via remote means and/or at the
Commission's headquarters, 100 F Street NE, Washington, DC 20549.
STATUS: This meeting will be closed to the public.
MATTERS TO BE CONSIDERED: Commissioners, Counsel to the Commissioners,
the Secretary to the Commission, and recording secretaries will attend
the closed meeting. Certain staff members who have an interest in the
matters also may be present.
In the event that the time, date, or location of this meeting
changes, an announcement of the change, along with the new time, date,
and/or place of the meeting will be posted on the Commission's website
at https://www.sec.gov.
The General Counsel of the Commission, or his designee, has
certified that, in his opinion, one or more of the exemptions set forth
in 5 U.S.C. 552b(c)(3), (5), (6), (7), (8), 9(B) and (10) and 17 CFR
200.402(a)(3), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9)(ii) and (a)(10),
permit consideration of the scheduled matters at the closed meeting.
The subject matter of the closed meeting will consist of the
following topics:
Institution and settlement of injunctive actions;
Institution and settlement of administrative proceedings;
Resolution of litigation claims; and
Other matters relating to examinations and enforcement proceedings.
At times, changes in Commission priorities require alterations in
the scheduling of meeting agenda items that may consist of
adjudicatory, examination, litigation, or regulatory matters.
CONTACT PERSON FOR MORE INFORMATION: For further information; please
contact Vanessa A. Countryman from the Office of the Secretary at (202)
551-5400.
Dated: September 22, 2021.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2021-20967 Filed 9-23-21; 11:15 am]
BILLING CODE 8011-01-P
