Postal Service Performance Report and Performance Plan, 2976-2977 [2023-00785]

Download as PDF 2976 Federal Register / Vol. 88, No. 11 / Wednesday, January 18, 2023 / Notices lotter on DSK11XQN23PROD with NOTICES1 under section 4205(a)(2) of ERISA on or after January 1, 2021. Complete Withdrawals A complete withdrawal under section 4203(a) of ERISA will not occur if a Federal Contractor Employer ceases to have an obligation to contribute to the Plan because it loses all Federal Contracts that required contributions to the Plan to a Successor Employer, and is performing no other work under a collective bargaining agreement that requires contributions to the Plan, provided that: (1) Substantially all the employees for whom the Federal Contractor Employer was obligated to contribute to the Plan continue to perform work under one or more Federal Contracts with a Successor Employer (including any Successor Employer subsequent to the initial Successor Employer); and (2) For the five Plan Years following the Plan Year in which the Federal Contractor Employer lost all of its Federal Contracts to a Successor Employer, the Successor Employer has an obligation to contribute to the Plan for work performed under the Federal Contractor Employer’s Federal Contract: (a) At the same or a higher contribution rate as the highest contribution rate of the Federal Contractor Employer; and (b) For substantially the same number of contribution base units as those for which the Federal Contractor Employer had an obligation to contribute in the final Plan Year preceding the Plan Year in which the Federal contractor lost all of its Federal Contracts. Notwithstanding these rules, the Federal Contractor Employer will experience a complete withdrawal as of the date it ceased to have an obligation to contribute to the Plan or ceased all covered operations under the Plan if, within the five Plan Years following the Plan Year in which the Federal Contractor Employer lost all of its Federal Contracts, either: (1) The Federal Contract of the Successor Employer is terminated, and no subsequent Successor Employer is obligated to contribute to the Plan under the conditions described in paragraphs 2(a) and (b); or (2) The Successor Employer ceases contributions to the Plan or fails to contribute to the Plan under the conditions described in paragraphs 2(a) and (b). Partial Withdrawals If a Federal Contractor Employer loses one or more, but less than all, of its Federal Contracts to a Successor Employer, or if the Federal Contractor VerDate Sep<11>2014 17:41 Jan 17, 2023 Jkt 259001 Employer loses all of its Federal Contracts to a Successor Employer but continues to have an obligation to contribute to the Plan for other operations pursuant to a collective bargaining agreement, the following rules shall apply. The contribution base units attributable to the work performed under the Federal Contract shall be excluded in determining whether the Federal Contractor has experienced a partial withdrawal under section 4205(a)(1) of ERISA, and the loss of the Contract shall not be considered a facility closing, provided that: (1) For the five Plan Years following the Plan Year in which the Federal Contractor Employer lost the applicable Federal Contract to a Successor Employer, the Successor Employer has an obligation to contribute to the Plan for work performed under the Federal Contractor Employer’s Federal Contract: (a) At the same or a higher contribution rate as the highest contribution rate of the Federal Contractor Employer; and (b) For substantially the same number of contribution base units as those for which the Federal Contractor Employer had an obligation to contribute in the final Plan Year preceding the Plan Year in which the Federal contractor lost the Federal Contract. Notwithstanding these rules, the Federal Contractor Employer will experience a partial withdrawal if: (1) Within the 5 Plan Years following the Plan Year in which the Federal Contractor Employer lost one or more but less than all of its Federal Contracts, the Successor Employer’s Federal Contract is terminated, and no subsequent Successor Employer is obligated to contribute to the Plan under the conditions described in paragraphs 1(a) and (b); (2) Within the 5 Plan Years following the Plan Year in which then Federal Contractor Employer lost one or more but less than all of its Federal Contracts, the Successor Employer ceases contributions to the Plan or fails to contribute to the Plan under the conditions described in paragraphs 1(a) and (b); or (3) The Federal Contractor Employer either loses a Federal Contract to a Successor Employer or bargains out of a Federal Contract and there is not any Successor Employer with an obligation to contribute to the Plan under the conditions described in paragraphs 1(a) and (b). The date of a partial withdrawal assessed under these rules shall be: (1) In the event of a 70 percent contribution decline under section PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 4205(a)(1) of ERISA, the last day of the third year in the applicable three-year testing period beginning on or after January 1, 2019; and (2) In the event of a partial cessation of such Federal Contractor Employer’s contribution obligation under section 4205(a)(2) of ERISA, the year in which the facility closed or the Federal Employer Contractor bargained out of the Federal Contract. Bona Fide Sale of Assets If the Federal Contractor Employer engages in a bona fide, arm’s-length sale of assets to an unrelated purchaser (‘‘Buyer’’), the Buyer will be treated as a Successor Employer. Comments All interested persons are invited to submit written comments on the pending exemption request. All comments will be made part of the administrative record. Issued in Washington, DC. Gordon Hartogensis, Director, Pension Benefit Guaranty Corporation. [FR Doc. 2023–00876 Filed 1–17–23; 8:45 am] BILLING CODE 7709–02–P POSTAL REGULATORY COMMISSION [Docket No. ACR2022; Order No. 6407] Postal Service Performance Report and Performance Plan Postal Regulatory Commission. Notice. AGENCY: ACTION: On December 29, 2022, the Postal Service filed the FY 2022 Performance Report and FY 2023 Performance Plan with its FY 2022 Annual Compliance Report. This notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: March 15, 2023. Reply Comments are due: March 29, 2023. 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. SUPPLEMENTARY INFORMATION: E:\FR\FM\18JAN1.SGM 18JAN1 Federal Register / Vol. 88, No. 11 / Wednesday, January 18, 2023 / Notices Table of Contents I. Introduction II. Request for Comments III. Ordering Paragraphs lotter on DSK11XQN23PROD with NOTICES1 I. Introduction Each year the Postal Service must submit to the Commission its most recent annual performance plan and annual performance report. 39 U.S.C. 3652(g). On December 29, 2022, the Postal Service filed its FY 2022 Annual Report to Congress in Docket No. ACR2022.1 The FY 2022 Annual Report includes the Postal Service’s FY 2022 annual performance report (FY 2022 Report) and FY 2023 annual performance plan (FY 2023 Plan). FY 2022 Annual Report at 32–53. The FY 2023 Plan reviews the Postal Service’s plans for FY 2023. The FY 2022 Report discusses the Postal Service’s progress during FY 2022 toward its four performance goals: • High-Quality Service • Excellent Customer Experience • Safe Workplace and Engaged Workforce • Financial Health Each year, the Commission must evaluate whether the Postal Service met the performance goals established in the annual performance plan and annual performance report. 39 U.S.C. 3653(d). The Commission may also ‘‘provide recommendations to the Postal Service related to the protection or promotion of public policy objectives set out in’’ Title 39. Id. Since Docket No. ACR2013, the Commission has evaluated whether the Postal Service met its performance goals in reports separate from the Annual Compliance Determination.2 The 1 United States Postal Service Fiscal Year 2022 Annual Report to Congress, Library Reference USPS–FY22–17, December 29, 2022, folder ‘‘USPS– FY22–17,’’ folder ‘‘FY22.17.Annual.Report,’’ file ‘‘FY 2022 Annual Report to Congress.pdf’’ (FY 2022 Annual Report). 2 See Docket No. ACR2013, Postal Regulatory Commission, Review of Postal Service FY 2013 Performance Report and FY 2014 Performance Plan, July 7, 2014; Docket No. ACR2014, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2014 Program Performance Report and FY 2015 Performance Plan, July 7, 2015; Docket No. ACR2015, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2015 Annual Performance Report and FY 2016 Performance Plan, May 4, 2016; Docket No. ACR2016, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2016 Annual Performance Report and FY 2017 Performance Plan, April 27, 2017; Docket No. ACR2017, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2017 Annual Performance Report and FY 2018 Performance Plan, April 26, 2018; Docket No. ACR2018, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2018 Annual Performance Report and FY 2019 Performance Plan, May 13, 2019; Docket No. ACR2019, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2019 Annual Performance VerDate Sep<11>2014 17:41 Jan 17, 2023 Jkt 259001 Commission continues this current practice to provide a more in-depth analysis of the Postal Service’s progress toward meeting its performance goals and plans to improve performance in future years. To facilitate this review, the Commission invites public comment on the following issues: • Did the Postal Service meet its performance goals in FY 2022? • Do the FY 2022 Report and the FY 2023 Plan meet applicable statutory requirements, including 39 U.S.C. 2803 and 2804? • What recommendations should the Commission provide to the Postal Service that relate to protecting or promoting public policy objectives in Title 39? • For the Excellent Customer Experience performance goal, are there any customer experience (CX) metrics the Postal Service should add to measure CX? 3 • What recommendations or observations should the Commission make concerning the Postal Service’s strategic initiatives? 4 • What other matters are relevant to the Commission’s analysis of the FY 2022 Report and the FY 2023 Plan under 39 U.S.C. 3653(d)? II. Request for Comments Comments by interested persons are due no later than March 15, 2023. Reply comments are due no later than March 29, 2023. Pursuant to 39 U.S.C. 505, Kenneth R. Moeller is appointed to serve as Public Representative to represent the interests of the general public in this proceeding with respect to issues related to the Commission’s analysis of the FY 2022 Report and the FY 2023 Plan. III. Ordering Paragraphs It is ordered: 1. The Commission invites public comment on the Postal Service’s FY 2022 Report and FY 2023 Plan. 2. Pursuant to 39 U.S.C. 505, the Commission appoints Kenneth R. Moeller to serve as Public Representative to represent the interests of the general public in this proceeding Report and FY 2022 Performance Plan, June 1, 2022; Docket No. ACR2020, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2020 Annual Performance Report and FY 2021 Performance Plan, June 2, 2021; Docket No. ACR2021, Postal Regulatory Commission, Analysis of the Postal Service’s FY 2021 Annual Performance Report and FY 2022 Performance Plan, June 30, 2022. 3 In FY 2022, the Postal Service measured CX based on surveys of residential, small/medium business, and large business customers. See Docket No. ACR2022, Library Reference USPS–FY22–38, December 29, 2022. 4 See FY 2022 Annual Report at 52–53. PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 2977 with respect to issues related to the Commission’s analysis of the FY 2022 Report and the FY 2023 Plan. 3. Comments are due no later than March 15, 2023. 4. Reply comments are due no later than March 29, 2023. 5. The Secretary shall arrange for publication of this Order in the Federal Register. By the Commission. Erica A. Barker, Secretary. [FR Doc. 2023–00785 Filed 1–17–23; 8:45 am] BILLING CODE 7710–FW–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–96639; File No. SR–LTSE– 2022–06] Self-Regulatory Organizations; LongTerm Stock Exchange, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Related to Continuing Education Requirements January 11, 2023. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (the ‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on December 30, 2022, Long-Term Stock Exchange, Inc. (‘‘LTSE’’ or the ‘‘Exchange’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the proposed rule change as described in Items I and II, below, which Items have been prepared by the self-regulatory organization. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange is filing with the Commission a proposed rule change to adopt new LTSE Rule 2.153 and amend LTSE Rules 2.154 and 2.160. The proposed rule changes are based on changes made by the Financial Industry Regulatory Authority, Inc. (‘‘FINRA’’) to its Continuing Education Program 3 (the ‘‘CE Program’’ or the ‘‘CE Transformation Initiative’’). The text of the proposed rule change is available at the Exchange’s website at https://longtermstockexchange.com/, at 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Rel. No. 93097 (September 21, 2021), 86 FR 53358 (September 27, 2021) (Order Approving File No. SR–FINRA–2021– 015 regarding the CE Transformation Initiative) (the ‘‘Approval Order’’). 2 17 E:\FR\FM\18JAN1.SGM 18JAN1

Agencies

POSTAL REGULATORY COMMISSION

[Federal Register Volume 88, Number 11 (Wednesday, January 18, 2023)]
[Notices]
[Pages 2976-2977]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00785]


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POSTAL REGULATORY COMMISSION

[Docket No. ACR2022; Order No. 6407]


Postal Service Performance Report and Performance Plan

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: On December 29, 2022, the Postal Service filed the FY 2022 
Performance Report and FY 2023 Performance Plan with its FY 2022 Annual 
Compliance Report. This notice informs the public of the filing, 
invites public comment, and takes other administrative steps.

DATES: Comments are due: March 15, 2023. Reply Comments are due: March 
29, 2023.

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.

FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 
202-789-6820.

SUPPLEMENTARY INFORMATION:

[[Page 2977]]

Table of Contents

I. Introduction
II. Request for Comments
III. Ordering Paragraphs

I. Introduction

    Each year the Postal Service must submit to the Commission its most 
recent annual performance plan and annual performance report. 39 U.S.C. 
3652(g). On December 29, 2022, the Postal Service filed its FY 2022 
Annual Report to Congress in Docket No. ACR2022.\1\ The FY 2022 Annual 
Report includes the Postal Service's FY 2022 annual performance report 
(FY 2022 Report) and FY 2023 annual performance plan (FY 2023 Plan). FY 
2022 Annual Report at 32-53.
---------------------------------------------------------------------------

    \1\ United States Postal Service Fiscal Year 2022 Annual Report 
to Congress, Library Reference USPS-FY22-17, December 29, 2022, 
folder ``USPS-FY22-17,'' folder ``FY22.17.Annual.Report,'' file ``FY 
2022 Annual Report to Congress.pdf'' (FY 2022 Annual Report).
---------------------------------------------------------------------------

    The FY 2023 Plan reviews the Postal Service's plans for FY 2023. 
The FY 2022 Report discusses the Postal Service's progress during FY 
2022 toward its four performance goals:

 High-Quality Service
 Excellent Customer Experience
 Safe Workplace and Engaged Workforce
 Financial Health

    Each year, the Commission must evaluate whether the Postal Service 
met the performance goals established in the annual performance plan 
and annual performance report. 39 U.S.C. 3653(d). The Commission may 
also ``provide recommendations to the Postal Service related to the 
protection or promotion of public policy objectives set out in'' Title 
39. Id.
    Since Docket No. ACR2013, the Commission has evaluated whether the 
Postal Service met its performance goals in reports separate from the 
Annual Compliance Determination.\2\ The Commission continues this 
current practice to provide a more in-depth analysis of the Postal 
Service's progress toward meeting its performance goals and plans to 
improve performance in future years. To facilitate this review, the 
Commission invites public comment on the following issues:
---------------------------------------------------------------------------

    \2\ See Docket No. ACR2013, Postal Regulatory Commission, Review 
of Postal Service FY 2013 Performance Report and FY 2014 Performance 
Plan, July 7, 2014; Docket No. ACR2014, Postal Regulatory 
Commission, Analysis of the Postal Service's FY 2014 Program 
Performance Report and FY 2015 Performance Plan, July 7, 2015; 
Docket No. ACR2015, Postal Regulatory Commission, Analysis of the 
Postal Service's FY 2015 Annual Performance Report and FY 2016 
Performance Plan, May 4, 2016; Docket No. ACR2016, Postal Regulatory 
Commission, Analysis of the Postal Service's FY 2016 Annual 
Performance Report and FY 2017 Performance Plan, April 27, 2017; 
Docket No. ACR2017, Postal Regulatory Commission, Analysis of the 
Postal Service's FY 2017 Annual Performance Report and FY 2018 
Performance Plan, April 26, 2018; Docket No. ACR2018, Postal 
Regulatory Commission, Analysis of the Postal Service's FY 2018 
Annual Performance Report and FY 2019 Performance Plan, May 13, 
2019; Docket No. ACR2019, Postal Regulatory Commission, Analysis of 
the Postal Service's FY 2019 Annual Performance Report and FY 2022 
Performance Plan, June 1, 2022; Docket No. ACR2020, Postal 
Regulatory Commission, Analysis of the Postal Service's FY 2020 
Annual Performance Report and FY 2021 Performance Plan, June 2, 
2021; Docket No. ACR2021, Postal Regulatory Commission, Analysis of 
the Postal Service's FY 2021 Annual Performance Report and FY 2022 
Performance Plan, June 30, 2022.
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     Did the Postal Service meet its performance goals in FY 
2022?
     Do the FY 2022 Report and the FY 2023 Plan meet applicable 
statutory requirements, including 39 U.S.C. 2803 and 2804?
     What recommendations should the Commission provide to the 
Postal Service that relate to protecting or promoting public policy 
objectives in Title 39?
     For the Excellent Customer Experience performance goal, 
are there any customer experience (CX) metrics the Postal Service 
should add to measure CX? \3\
---------------------------------------------------------------------------

    \3\ In FY 2022, the Postal Service measured CX based on surveys 
of residential, small/medium business, and large business customers. 
See Docket No. ACR2022, Library Reference USPS-FY22-38, December 29, 
2022.
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     What recommendations or observations should the Commission 
make concerning the Postal Service's strategic initiatives? \4\
---------------------------------------------------------------------------

    \4\ See FY 2022 Annual Report at 52-53.
---------------------------------------------------------------------------

     What other matters are relevant to the Commission's 
analysis of the FY 2022 Report and the FY 2023 Plan under 39 U.S.C. 
3653(d)?

II. Request for Comments

    Comments by interested persons are due no later than March 15, 
2023. Reply comments are due no later than March 29, 2023. Pursuant to 
39 U.S.C. 505, Kenneth R. Moeller is appointed to serve as Public 
Representative to represent the interests of the general public in this 
proceeding with respect to issues related to the Commission's analysis 
of the FY 2022 Report and the FY 2023 Plan.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission invites public comment on the Postal Service's FY 
2022 Report and FY 2023 Plan.
    2. Pursuant to 39 U.S.C. 505, the Commission appoints Kenneth R. 
Moeller to serve as Public Representative to represent the interests of 
the general public in this proceeding with respect to issues related to 
the Commission's analysis of the FY 2022 Report and the FY 2023 Plan.
    3. Comments are due no later than March 15, 2023.
    4. Reply comments are due no later than March 29, 2023.
    5. The Secretary shall arrange for publication of this Order in the 
Federal Register.

    By the Commission.
Erica A. Barker,
Secretary.
[FR Doc. 2023-00785 Filed 1-17-23; 8:45 am]
BILLING CODE 7710-FW-P

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