Submission of Information Collection for OMB Review; Comment Request; Missing Participants, 72540-72541 [2023-23248]

Download as PDF 72540 Federal Register / Vol. 88, No. 202 / Friday, October 20, 2023 / Notices be found on the internet at: https:// www.nrc.gov/public-involve/publicmeetings/schedule.html. PLACE: The NRC provides reasonable accommodation to individuals with disabilities where appropriate. If you need a reasonable accommodation to participate in these public meetings or need this meeting notice or the transcript or other information from the public meetings in another format (e.g., braille, large print), please notify Anne Silk, NRC Disability Program Specialist, at 301–287–0745, by videophone at 240–428–3217, or by email at Anne.Silk@nrc.gov. Determinations on requests for reasonable accommodation will be made on a case-by-case basis. STATUS: Public. Members of the public may request to receive the information in these notices electronically. If you would like to be added to the distribution, please contact the Nuclear Regulatory Commission, Office of the Secretary, Washington, DC 20555, at 301–415–1969, or by email at Betty.Thweatt@nrc.gov. MATTERS TO BE CONSIDERED: Week of October 23, 2023 There are no meetings scheduled for the week of October 23, 2023. Week of October 30, 2023—Tentative Thursday, November 2, 2023 9:00 a.m. Strategic Programmatic Overview of the Operating Reactors and New Reactors Business Lines (Public Meeting) (Contact: Jennie Rankin: 301–415–1530) Additional Information: The meeting will be held in the Commissioners’ Conference Room, 11555 Rockville Pike, Rockville, Maryland. The public is invited to attend the Commission’s meeting in person or watch live via webcast at the Web address—https:// video.nrc.gov/. Week of November 6, 2023—Tentative There are no meetings scheduled for the week of November 6, 2023. Week of November 13, 2023—Tentative ddrumheller on DSK120RN23PROD with NOTICES1 Thursday, November 16, 2023 9:00 a.m. Briefing on Region I Activities and External Engagement (Public Meeting) (Contact: Wesley Held: 301–287–3591) Additional Information: The meeting will be held at the Market and Broad Conference Room, 475 Allendale Rd., Suite 102, King of Prussia, Pennsylvania. The public is invited to attend the Commission’s meeting in person or watch live via webcast at the Web address—https://video.nrc.gov/. VerDate Sep<11>2014 18:20 Oct 19, 2023 Jkt 262001 Week of November 20, 2023—Tentative There are no meetings scheduled for the week of November 20, 2023. Week of November 27, 2023—Tentative There are no meetings scheduled for the week of November 27, 2023. CONTACT PERSON FOR MORE INFORMATION: For more information or to verify the status of meetings, contact Wesley Held at 301–287–3591 or via email at Wesley.Held@nrc.gov. The NRC is holding the meetings under the authority of the Government in the Sunshine Act, 5 U.S.C. 552b. Dated: October 18, 2023. For the Nuclear Regulatory Commission. Wesley W. Held, Policy Coordinator, Office of the Secretary. [FR Doc. 2023–23333 Filed 10–18–23; 11:15 am] BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Submission of Information Collection for OMB Review; Comment Request; Missing Participants Pension Benefit Guaranty Corporation. ACTION: Notice of request for extension of OMB approval of an information collection. AGENCY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 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 request and solicits public comment on the collection of information. SUMMARY: Comments must be received on or before November 20, 2023 to be assured of consideration. 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 DATES: PO 00000 Frm 00122 Fmt 4703 Sfmt 4703 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 (disclosure@ pbgc.gov), 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: 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 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 their missing participants E:\FR\FM\20OCN1.SGM 20OCN1 ddrumheller on DSK120RN23PROD with NOTICES1 Federal Register / Vol. 88, No. 202 / Friday, October 20, 2023 / Notices 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 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, including listing common filing errors. 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). On July 3, 2023, PBGC published in the Federal Register a notice at 88 FR 42758 informing the public of its intent to request an extension of this collection of information and solicited public comment. No comments were received. 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 1 SECURE 2.0 Act of 2022, Division T of the Consolidated Appropriations Act, 2023, Public Law 117–328 (Dec. 29, 2022). VerDate Sep<11>2014 18:20 Oct 19, 2023 Jkt 262001 person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. Issued in Washington, DC. Stephanie Cibinic, Deputy Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2023–23248 Filed 10–19–23; 8:45 am] BILLING CODE 7709–02–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–98761; File No. SR– CboeBZX–2023–081] Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend Its Fee Schedule October 16, 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 October 4, 2023, Cboe BZX Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BZX’’) filed with the Securities and Exchange Commission (the ‘‘Commission’’) the 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 Cboe BZX Exchange, Inc. (the ‘‘Exchange’’ or ‘‘BZX’’) proposes to amend its Fee Schedule. The text of the proposed rule change is provided in Exhibit 5. The text of the proposed rule change is also available on the Exchange’s website (https://markets.cboe.com/us/ options/regulation/rule_filings/bzx/), at the Exchange’s Office of the Secretary, 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 1 15 2 17 PO 00000 U.S.C. 78s(b)(1). CFR 240.19b–4. Frm 00123 Fmt 4703 Sfmt 4703 72541 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. 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 its Fee Schedule.3 The Exchange first notes that it operates in a highly competitive market in which market participants can readily direct order flow to competing venues if they deem fee levels at a particular venue to be excessive or incentives to be insufficient. More specifically, the Exchange is only one of 17 options venues to which market participants may direct their order flow. Based on publicly available information, no single options exchange has more than 19% of the market share and currently the Exchange represents only approximately 4% of the market share.4 Thus, in such a low-concentrated and highly competitive market, no single options exchange, including the Exchange, possesses significant pricing power in the execution of option order flow. The Exchange believes that the ever-shifting market share among the exchanges from month to month demonstrates that market participants can shift order flow or discontinue to reduce use of certain categories of products, in response to fee changes. Accordingly, competitive forces constrain the Exchange’s transaction fees, and market participants can readily trade on competing venues if they deem pricing levels at those other venues to be more favorable. The Exchange’s Fee Schedule sets forth standard rebates and rates applied per contract. For example, the Exchange assesses a standard transaction fee of $0.48 per contract for Customer orders in Penny Securities, excluding SPY and IWM, that remove liquidity, yielding fee code ‘‘PC’’. The Exchange assesses a standard transaction fee of $0.45 per contract for Customer SPY and IWM orders that remove liquidity, yielding fee code ‘‘PR’’. The Fee Codes and Associated Fees section of the Fees 3 The Exchange initially filed the proposed fee changes on September 29, 2023 (SR–CBOE–2023– 076) [sic]. On October 4, 2023, the Exchange withdrew that filing and submitted this proposal. 4 See Cboe Global Markets U.S. Options Market Monthly Volume Summary (September 25, 2023), available at https://markets.cboe.com/us/options/ market_statistics/. E:\FR\FM\20OCN1.SGM 20OCN1

Agencies

[Federal Register Volume 88, Number 202 (Friday, October 20, 2023)]
[Notices]
[Pages 72540-72541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23248]


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PENSION BENEFIT GUARANTY CORPORATION


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

AGENCY: Pension Benefit Guaranty Corporation.

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

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
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 request and solicits public comment on the 
collection of information.

DATES: Comments must be received on or before November 20, 2023 to be 
assured of consideration.

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 ([email protected]), 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: 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 their missing participants

[[Page 72541]]

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 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, including listing common filing 
errors.
    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). On July 3, 2023, 
PBGC published in the Federal Register a notice at 88 FR 42758 
informing the public of its intent to request an extension of this 
collection of information and solicited public comment. No comments 
were received. 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.

    Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2023-23248 Filed 10-19-23; 8:45 am]
BILLING CODE 7709-02-P
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