Submission of Information Collection for OMB Review; Comment Request; Special Financial Assistance Information, 73052-73053 [2022-25859]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 73052 Federal Register / Vol. 87, No. 227 / Monday, November 28, 2022 / Notices reactor that uses molten fluoride-based fuel salt. A notice of receipt and availability of this portion of the application was published in the Federal Register on October 14, 2022 (87 FR 62463). The MSRR construction permit application consisted of the following information: • The general information required by 10 CFR 50.33, • The Preliminary Safety Analysis Report required by 10 CFR 50.34(a), and • Environmental Information as required by 10 CFR 51.41. On September 27, 2022, the NRC staff notified ACU that it needed additional information and was pausing the docketing review to allow ACU the opportunity to supplement its construction permit application (ADAMS Package Accession No. ML22270A170). On October 14, 2022, ACU supplemented its construction permit application with additional information regarding the proposed MSRR’s instrumentation and control system design (ADAMS Package Accession No. ML22293B816). The NRC staff determined that the application, as supplemented, is acceptable for docketing under Docket No. 50–610. The NRC staff provided ACU notice of the determination that its application was acceptable for docketing by letter dated November 18, 2022 (ADAMS Accession No. ML22313A097). The NRC staff will perform a detailed technical review of the construction permit application and document its safety findings in a safety evaluation report. Also, in accordance with 10 CFR part 51, ‘‘Environmental Protection Regulations for Domestic Licensing and Related Regulatory Functions,’’ the NRC staff will conduct an environmental review of the proposed action. Docketing of the application does not preclude the NRC from requesting additional information from the applicant as the review proceeds, nor does it predict whether the Commission will grant or deny the application. If the Commission finds that the construction permit application meets the applicable standards of the Atomic Energy Act and the Commission’s regulations, and that any required notifications to other agencies and bodies have been made, the Commission will issue a construction permit, in the form and containing conditions and limitations that the Commission finds appropriate and necessary. The Commission will announce, in a future Federal Register notice, the opportunity to petition for leave to VerDate Sep<11>2014 19:33 Nov 25, 2022 Jkt 259001 intervene on the construction permit application. Dated: November 22, 2022. For the Nuclear Regulatory Commission. Richard F. Rivera, Project Manager, Advanced Reactor Licensing Branch 1, Division of Advanced Reactors and Non-Power Production and Utilization Facilities, Office of Nuclear Reactor Regulation. [FR Doc. 2022–25890 Filed 11–25–22; 8:45 am] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Special Financial Assistance Information Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval of information collection. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, with modifications, under the Paperwork Reduction Act, of a collection of information contained in PBGC’s regulation on special financial assistance. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. SUMMARY: Comments must be submitted on or before December 28, 2022. 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. All comments received will be posted without change to PBGC’s website, https://www.pbgc.gov, including any personal information provided. Do not submit comments that include any personally identifiable information or confidential business information. 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, 445 12th Street SW, Washington, DC 20024–2101, DATES: PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 or calling 202–229–4040 during normal business hours. If you are deaf or hard of hearing or have a speech disability, please dial 7–1–1 to access telecommunications relay services. FOR FURTHER INFORMATION CONTACT: Melissa Rifkin (rifkin.melissa@ pbgc.gov), Attorney, Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 445 12th Street SW, Washington, DC 20024–2101, 202–229–6563. If you are deaf or hard of hearing or have a speech disability, please dial 7–1–1 to access telecommunications relay services. SUPPLEMENTARY INFORMATION: Section 4262 of the Employee Retirement Income Security Act of 1974 (ERISA) requires PBGC to provide special financial assistance (SFA) to certain financially troubled multiemployer plans upon application for assistance. Part 4262 of PBGC’s regulations, ‘‘Special Financial Assistance by PBGC,’’ provides guidance to multiemployer pension plan sponsors on eligibility, determining the amount of SFA, content of an application for SFA, the process of applying, PBGC’s review of applications, restrictions and conditions, and reporting and notice requirements. To apply for SFA, a plan sponsor must file an application with PBGC and include information about the plan, plan documentation, and actuarial information, as specified in §§ 4262.6 through 4262.9. Also, if the plan is changing certain assumptions for purposes of demonstrating its eligibility for SFA or its requested amount of SFA, then the plan sponsor may use PBGC’s SFA assumptions guidance. PBGC needs the application information to review a plan’s eligibility for SFA, priority group status (if applicable), and amount of requested SFA. In this renewal, PBGC is making clarifying changes to the application instructions, including to the information required to be filed. For example, PBGC is clarifying the required documentation of a death audit and the information to be filed for certain assumptions changes. PBGC estimates that over the next 3 years an annual average of 59 plan sponsors will file applications for SFA (initial, revised, and supplemented) with an average annual hour burden of 590 hours and an average annual cost burden of $1,770,000. Under § 4262.10(g), a plan sponsor may, but is not required to, file a lockin application as a plan’s initial application. The lock-in application contains basic information about the plan and a statement of intent to lockin base data. PBGC needs the E:\FR\FM\28NON1.SGM 28NON1 khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 87, No. 227 / Monday, November 28, 2022 / Notices information in the lock-in application to ensure that a plan sponsor intends to lock-in the plan’s data. PBGC estimates that over the next 3 years an annual average of 23 plan sponsors will file lock-in applications for SFA with an average annual hour burden of 23 hours and an average annual cost burden of $18,400. 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. In this renewal, PBGC is making clarifying changes and adding required documents that must be provided with this filing. 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 120 plan sponsors will file Annual Statements of Compliance with an average annual hour burden of 240 hours and an average annual cost burden of $288,000. 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 5 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 10 hours and average annual cost burden of $10,000. 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 7.6 hours and average annual cost burden of $19,000. The estimated aggregate average annual hour burden for the next 3 years for the information collection in part VerDate Sep<11>2014 19:33 Nov 25, 2022 Jkt 259001 4262 is 870.6 hours for employer and fund office administrative, clerical, and supervisory time. The estimated aggregate average annual cost burden for the next three years for the information collection request in part 4262 is $2,105,400, for approximately 5,264 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 existing collection of information was approved under OMB control number 1212–0074 (expires January 31, 2023). On August 11, 2022, PBGC published in the Federal Register (at 87 FR 49617) a notice informing the public of its intent to request an extension of this collection of information. No comments were received. PBGC is requesting that OMB extend approval of the collection 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. Issued in Washington, DC. Hilary Duke, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2022–25859 Filed 11–25–22; 8:45 am] BILLING CODE 7709–02–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2023–55 and CP2023–53] New Postal Products 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: December 1, 2022. 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. SUMMARY: FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 73053 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).: MC2023–55 and CP2023–53; Filing Title: USPS Request to Add Priority Mail Contract 767 to Competitive Product List and Notice of Filing Materials Under Seal; Filing 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). E:\FR\FM\28NON1.SGM 28NON1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 87, Number 227 (Monday, November 28, 2022)]
[Notices]
[Pages 73052-73053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25859]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Special Financial Assistance Information

AGENCY: Pension Benefit Guaranty Corporation.

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

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

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

DATES: Comments must be submitted on or before December 28, 2022.

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. All 
comments received will be posted without change to PBGC's website, 
https://www.pbgc.gov, including any personal information provided. Do 
not submit comments that include any personally identifiable 
information or confidential business information.
    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, 445 
12th Street SW, Washington, DC 20024-2101, or calling 202-229-4040 
during normal business hours. If you are deaf or hard of hearing or 
have a speech disability, please dial 7-1-1 to access 
telecommunications relay services.

FOR FURTHER INFORMATION CONTACT: Melissa Rifkin 
([email protected]), Attorney, Regulatory Affairs Division, 
Office of the General Counsel, Pension Benefit Guaranty Corporation, 
445 12th Street SW, Washington, DC 20024-2101, 202-229-6563. If you are 
deaf or hard of hearing or have a speech disability, please dial 7-1-1 
to access telecommunications relay services.

SUPPLEMENTARY INFORMATION: Section 4262 of the Employee Retirement 
Income Security Act of 1974 (ERISA) requires PBGC to provide special 
financial assistance (SFA) to certain financially troubled 
multiemployer plans upon application for assistance. Part 4262 of 
PBGC's regulations, ``Special Financial Assistance by PBGC,'' provides 
guidance to multiemployer pension plan sponsors on eligibility, 
determining the amount of SFA, content of an application for SFA, the 
process of applying, PBGC's review of applications, restrictions and 
conditions, and reporting and notice requirements.
    To apply for SFA, a plan sponsor must file an application with PBGC 
and include information about the plan, plan documentation, and 
actuarial information, as specified in Sec. Sec.  4262.6 through 
4262.9. Also, if the plan is changing certain assumptions for purposes 
of demonstrating its eligibility for SFA or its requested amount of 
SFA, then the plan sponsor may use PBGC's SFA assumptions guidance. 
PBGC needs the application information to review a plan's eligibility 
for SFA, priority group status (if applicable), and amount of requested 
SFA. In this renewal, PBGC is making clarifying changes to the 
application instructions, including to the information required to be 
filed. For example, PBGC is clarifying the required documentation of a 
death audit and the information to be filed for certain assumptions 
changes. PBGC estimates that over the next 3 years an annual average of 
59 plan sponsors will file applications for SFA (initial, revised, and 
supplemented) with an average annual hour burden of 590 hours and an 
average annual cost burden of $1,770,000.
    Under Sec.  4262.10(g), a plan sponsor may, but is not required to, 
file a lock-in application as a plan's initial application. The lock-in 
application contains basic information about the plan and a statement 
of intent to lock-in base data. PBGC needs the

[[Page 73053]]

information in the lock-in application to ensure that a plan sponsor 
intends to lock-in the plan's data. PBGC estimates that over the next 3 
years an annual average of 23 plan sponsors will file lock-in 
applications for SFA with an average annual hour burden of 23 hours and 
an average annual cost burden of $18,400.
    Under Sec.  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. In this renewal, PBGC is making clarifying changes 
and adding required documents that must be provided with this filing. 
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 120 plan sponsors will file Annual Statements of Compliance with an 
average annual hour burden of 240 hours and an average annual cost 
burden of $288,000.
    Under Sec.  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 5 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 10 hours and average annual cost 
burden of $10,000.
    Finally, under Sec.  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 Sec.  
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 7.6 hours and average annual cost burden of 
$19,000.
    The estimated aggregate average annual hour burden for the next 3 
years for the information collection in part 4262 is 870.6 hours for 
employer and fund office administrative, clerical, and supervisory 
time. The estimated aggregate average annual cost burden for the next 
three years for the information collection request in part 4262 is 
$2,105,400, for approximately 5,264 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 existing collection of information was approved under OMB 
control number 1212-0074 (expires January 31, 2023). On August 11, 
2022, PBGC published in the Federal Register (at 87 FR 49617) a notice 
informing the public of its intent to request an extension of this 
collection of information. No comments were received. PBGC is 
requesting that OMB extend approval of the collection 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.

    Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2022-25859 Filed 11-25-22; 8:45 am]
BILLING CODE 7709-02-P

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