Proposed Submission of Information Collection for OMB Review; Comment Request; Missing Participants, 42758-42759 [2023-14061]

Download as PDF 42758 Federal Register / Vol. 88, No. 126 / Monday, July 3, 2023 / Notices Proposal Review Panel for Biological Infrastructure, #10743 Proposal Review Panel for Earth Sciences, #1569 Proposal Review Panel for Emerging Frontiers in Biological Sciences, #44011 Proposal Review Panel for Environmental Biology, #10744 Proposal Review Panel for Geosciences, #1756 Proposal Review Panel for Integrative Organismal Systems, #10745 Proposal Review Panel for Molecular and Cellular Biosciences, #10746 Proposal Review Panel for Ocean Sciences, #10752 Proposal Review Panel for Research on Learning in Formal and Informal Settings, #59 Proposal Review Panel for Social, Behavioral and Economic Sciences, #1766 Proposal Review Panel for Social and Economic Sciences, #10748 Proposal Review Panel for Integrative Activities, #2469 Proposal Review Panel for International Science and Engineering, #10749 Proposal Review Panel for Equity for Excellence in STEM, #1199 (formerly, the Proposal Review Panel for Human Resource Development) Effective date for renewal is June 28, 2023. For more information, please contact Crystal Robinson, NSF, at (703) 292–8687. Dated: June 28, 2023. Crystal Robinson, Committee Management Officer. [FR Doc. 2023–14039 Filed 6–30–23; 8:45 am] BILLING CODE 7555–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Missing Participants Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request extension of OMB approval of an information collection. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget extend approval under the Paperwork Reduction Act of a collection of information under PBGC’s regulation on Missing Participants. PBGC needs the information submitted by plans under this collection to search for missing participants and beneficiaries and pay their benefits. This notice lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:10 Jun 30, 2023 Jkt 259001 informs the public of PBGC’s intent and solicits public comment on the collection of information. DATES: Comments must be received on or before September 1, 2023 to be assured of consideration. ADDRESSES: Comments may be submitted by any of the following methods: • Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments. • Email: paperwork.comments@ pbgc.gov. Refer to Missing Participants and/or OMB Control No. 1212–0069 in the subject line. • Mail or Hand Delivery: Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 445 12th Street SW, Washington, DC 20024–2101. Commenters are strongly encouraged to submit comments electronically. Commenters who submit comments on paper by mail should allow sufficient time for mailed comments to be received before the close of the comment period. All submissions received must include the agency’s name (Pension Benefit Guaranty Corporation, or PBGC) and refer to Missing Participants and/or OMB Control No. 1212–0069. 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. Copies of this information collection may be obtained by writing to Disclosure Division (disclosure@ pbgc.gov), Office of the General Counsel, Pension Benefit Guaranty Corporation, 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: Stephanie Cibinic, Deputy Assistant General Counsel for Regulatory Affairs, Office of the General Counsel, Pension Benefit Guaranty Corporation, 445 12th Street SW, Washington, DC 20024–2101; 202–229–6352; cibinic.stephanie@ pbgc.gov. 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: The process of closing out a terminated pension plan or other retirement plan involves the disposition of plan assets to satisfy the benefits of plan participants and beneficiaries. One difficulty faced PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 by plan administrators in closing out terminated plans is how to provide for the benefits of missing persons. Section 4050 of ERISA and 29 CFR part 4050 establishes a program under which the Pension Benefit Guaranty Corporation (PBGC) holds the retirement benefits for missing participants and beneficiaries in terminated plans and seeks to reunite those participants and beneficiaries with the benefits being held for them. The program is applicable to certain defined benefit (DB) pension plans covered by PBGC’s single-employer or multiemployer insurance programs, and to defined contribution (DC) plans and small professional service DB plans not covered by PBGC’s insurance programs. The Missing Participant Program (MPP) for each of the four types of plans follows the same basic design. The most prominent difference among them lies in the mandatory or voluntary nature of the program. For plans covered by the title IV insurance programs, participation in the MPP is mandatory. For plans not covered by the title IV insurance programs, PBGC’s regulation permits, but does not require, such plans to participate in the MPP. PBGC needs information from plans that participate in the MPP 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 forms and amounts of benefits payable, and to refer claimants of benefits being held elsewhere to the institutions holding the benefits. PBGC intends to make the following modifications to the information collection in this renewal: • PBGC is proposing a requirement for plans that are filing information about more than five missing individuals (participants or beneficiaries) to provide that information in a spreadsheet file. PBGC provides a user-friendly template that may be used for this purpose. • PBGC is adding a question to the DB plan forms (MP–100, 300, and 400) asking if the plan has a default beneficiary provision, and, if yes, requiring an attachment of it. (This question is already on the DC plan form (MP–200)). • PBGC is updating references on the DB plan forms and instructions that relate to de minimis benefit amounts of $5,000 or less to reflect the change under section 304 of the SECURE 2.0 E:\FR\FM\03JYN1.SGM 03JYN1 Federal Register / Vol. 88, No. 126 / Monday, July 3, 2023 / Notices lotter on DSK11XQN23PROD with NOTICES1 Act increasing that amount to $7,000 as of January 1, 2024.1 • PBGC is adding a box to the DC plan form for the person certifying the form to check whether they are the plan’s plan administrator or the plan’s qualified termination administrator. Finally, PBGC intends to make other clarifying and editorial changes to the forms and instructions. PBGC estimates that it will receive over the next 3 years an annual average of 345 filings from plans under this collection of information. PBGC further estimates that the average annual burden of this collection of information is 70 hours and $498,000. 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 1212–0069 (expires January 31, 2024). PBGC intends to request that OMB extend its approval of this collection of information 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 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. Issued in Washington, DC. Stephanie Cibinic, Deputy Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2023–14061 Filed 6–30–23; 8:45 am] Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the MIAX Pearl Options Fee Schedule To Modify Certain Connectivity and Port Fees June 27, 2023. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on June 16, 2023, MIAX PEARL, LLC (‘‘MIAX Pearl’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change as described in Items I, II, and III below, which Items have been prepared by the Exchange. 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 a proposal to amend the MIAX Pearl Options Fee Schedule (the ‘‘Fee Schedule’’) to amend certain connectivity and port fees.3 The text of the proposed rule change is available on the Exchange’s website at https://www.miaxoptions.com/rulefilings/pearl at MIAX Pearl’s principal office, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. U.S.C. 78s(b)(1). CFR 240.19b–4. 3 All references to the ‘‘Exchange’’ in this filing mean MIAX Pearl Options. Any references to the equities trading facility of MIAX PEARL, LLC, will specifically be referred to as ‘‘MIAX Pearl Equities.’’ 2 17 1 SECURE 2.0 Act of 2022, Division T of the Consolidated Appropriations Act, 2023, Public Law 117–328 (Dec. 29, 2022). 17:10 Jun 30, 2023 [Release No. 34–97815; File No. SR– PEARL–2023–27] 1 15 BILLING CODE 7709–02–P VerDate Sep<11>2014 SECURITIES AND EXCHANGE COMMISSION Jkt 259001 PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 42759 A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The Exchange proposes to amend the Fee Schedule as follows: (1) increase the fees for a 10 gigabit (‘‘Gb’’) ultra-low latency (‘‘ULL’’) fiber connection for Members 4 and non-Members; (2) amend the calculation of fees for MIAX Express Network Full Service (‘‘MEO’’) 5 Ports (Bulk and Single); and (3) amend the fees for Full Service MEO Ports (Bulk and Single). The Exchange and its affiliate, Miami International Securities Exchange, LLC (‘‘MIAX’’) operated 10Gb ULL connectivity on a single shared network that provided access to both exchanges via a single 10Gb ULL connection. The Exchange last increased fees for 10Gb ULL connections from $9,300 to $10,000 per month on January 1, 2021.6 At the same time, MIAX also increased its 10Gb ULL connectivity fee from $9,300 to $10,000 per month.7 The Exchange and MIAX shared a combined cost analysis in those filings due to the single shared 10Gb ULL connectivity network for both exchanges. In those filings, the Exchange and MIAX allocated a combined total of $17.9 million in expenses to providing 10Gb ULL connectivity.8 Beginning in late January 2023, the Exchange also recently determined a substantial operational need to no longer operate 10Gb ULL connectivity on a single shared network with MIAX. The Exchange bifurcated 10Gb ULL connectivity due to ever-increasing capacity constraints and to enable it to continue to satisfy the anticipated access needs for Members and other market participants.9 Since the time of 4 The term ‘‘Member’’ means an individual or organization approved to exercise the trading rights associated with a Trading Permit. Members are deemed ‘‘members’’ under the Exchange Act. See Exchange Rule 100. 5 The term ‘‘MEO Interface’’ or ‘‘MEO’’ means a binary order interface for certain order types as set forth in Rule 516 into the MIAX Pearl System. See the Definitions Section of the Fee Schedule and Exchange Rule 100. 6 See Securities Exchange Act Release No. 90981 (January 25, 2021), 86 FR 7582 (January 29, 2021) (SR–PEARL–2021–01). 7 See Securities Exchange Act Release No. 90980 (January 25, 2021), 86 FR 7602 (January 29, 2021) (SR–MIAX–2021–02). 8 See id. 9 See MIAX Options and MIAX Pearl Options— Announce planned network changes related to shared 10G ULL extranet, issued August 12, 2022, available at https://www.miaxglobal.com/alert/ 2022/08/12/miax-options-and-miax-pearl-optionsannounce-planned-network-changes-0. The Exchange will continue to provide access to both the Exchange and MIAX over a single shared 1Gb E:\FR\FM\03JYN1.SGM Continued 03JYN1

Agencies

[Federal Register Volume 88, Number 126 (Monday, July 3, 2023)]
[Notices]
[Pages 42758-42759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14061]


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PENSION BENEFIT GUARANTY CORPORATION


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

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intent to request extension of OMB approval of an 
information collection.

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to 
request that the Office of Management and Budget extend approval under 
the Paperwork Reduction Act of a collection of information under PBGC's 
regulation on Missing Participants. PBGC needs the information 
submitted by plans under this collection to search for missing 
participants and beneficiaries and pay their benefits. This notice 
informs the public of PBGC's intent and solicits public comment on the 
collection of information.

DATES: Comments must be received on or before September 1, 2023 to be 
assured of consideration.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Refer to Missing 
Participants and/or OMB Control No. 1212-0069 in the subject line.
     Mail or Hand Delivery: Regulatory Affairs Division, Office 
of the General Counsel, Pension Benefit Guaranty Corporation, 445 12th 
Street SW, Washington, DC 20024-2101.
    Commenters are strongly encouraged to submit comments 
electronically. Commenters who submit comments on paper by mail should 
allow sufficient time for mailed comments to be received before the 
close of the comment period.
    All submissions received must include the agency's name (Pension 
Benefit Guaranty Corporation, or PBGC) and refer to Missing 
Participants and/or OMB Control No. 1212-0069. 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.
    Copies of this information collection may be obtained by writing to 
Disclosure Division ([email protected]), Office of the General 
Counsel, Pension Benefit Guaranty Corporation, 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: Stephanie Cibinic, Deputy Assistant 
General Counsel for Regulatory Affairs, Office of the General Counsel, 
Pension Benefit Guaranty Corporation, 445 12th Street SW, Washington, 
DC 20024-2101; 202-229-6352; [email protected]. 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: The process of closing out a terminated 
pension plan or other 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. Section 
4050 of ERISA and 29 CFR part 4050 establishes a program under which 
the Pension Benefit Guaranty Corporation (PBGC) holds the retirement 
benefits for missing participants and beneficiaries in terminated plans 
and seeks to reunite those participants and beneficiaries with the 
benefits being held for them. The program is applicable to certain 
defined benefit (DB) pension plans covered by PBGC's single-employer or 
multiemployer insurance programs, and to defined contribution (DC) 
plans and small professional service DB plans not covered by PBGC's 
insurance programs.
    The Missing Participant Program (MPP) for each of the four types of 
plans follows the same basic design. The most prominent difference 
among them lies in the mandatory or voluntary nature of the program. 
For plans covered by the title IV insurance programs, participation in 
the MPP is mandatory. For plans not covered by the title IV insurance 
programs, PBGC's regulation permits, but does not require, such plans 
to participate in the MPP.
    PBGC needs information from plans that participate in the MPP 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 
forms and amounts of benefits payable, and to refer claimants of 
benefits being held elsewhere to the institutions holding the benefits.
    PBGC intends to make the following modifications to the information 
collection in this renewal:
     PBGC is proposing a requirement for plans that are filing 
information about more than five missing individuals (participants or 
beneficiaries) to provide that information in a spreadsheet file. PBGC 
provides a user-friendly template that may be used for this purpose.
     PBGC is adding a question to the DB plan forms (MP-100, 
300, and 400) asking if the plan has a default beneficiary provision, 
and, if yes, requiring an attachment of it. (This question is already 
on the DC plan form (MP-200)).
     PBGC is updating references on the DB plan forms and 
instructions that relate to de minimis benefit amounts of $5,000 or 
less to reflect the change under section 304 of the SECURE 2.0

[[Page 42759]]

Act increasing that amount to $7,000 as of January 1, 2024.\1\
---------------------------------------------------------------------------

    \1\ SECURE 2.0 Act of 2022, Division T of the Consolidated 
Appropriations Act, 2023, Public Law 117-328 (Dec. 29, 2022).
---------------------------------------------------------------------------

     PBGC is adding a box to the DC plan form for the person 
certifying the form to check whether they are the plan's plan 
administrator or the plan's qualified termination administrator.
    Finally, PBGC intends to make other clarifying and editorial 
changes to the forms and instructions.
    PBGC estimates that it will receive over the next 3 years an annual 
average of 345 filings from plans under this collection of information. 
PBGC further estimates that the average annual burden of this 
collection of information is 70 hours and $498,000. 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 1212-0069 (expires January 31, 2024). PBGC intends to 
request that OMB extend its approval of this collection of information 
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 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.

    Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2023-14061 Filed 6-30-23; 8:45 am]
BILLING CODE 7709-02-P
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