Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates, 7418-7419 [2024-02072]

Download as PDF 7418 Federal Register / Vol. 89, No. 23 / Friday, February 2, 2024 / Notices NATIONAL SCIENCE FOUNDATION Sunshine Act Meetings The National Science Board’s Committee on Strategy hereby gives notice of the scheduling of a teleconference for the transaction of National Science Board business pursuant to the NSF Act and the Government in the Sunshine Act. TIME AND DATE: Wednesday, February 7, 2024, from 4:00–5:00 p.m. Eastern. PLACE: This meeting will be via videoconference through the National Science Foundation, 2415 Eisenhower Avenue, Alexandria, VA 22314. STATUS: Closed. MATTERS TO BE CONSIDERED: The agenda is: Chair’s Opening Remarks; Presentation and discussion of NSF’s FY 2025 Annual Performance Plan and FY 2023 Annual Performance Report. CONTACT PERSON FOR MORE INFORMATION: Point of contact for this meeting is: Chris Blair, cblair@nsf.gov, 703/292– 7000. Meeting information and updates may be found at www.nsf.gov/nsb. Christopher Blair, Executive Assistant to the National Science Board Office. [FR Doc. 2024–02211 Filed 1–31–24; 11:15 am] BILLING CODE 7555–01–P 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 or Samantha.Miklaszewski@nrc.gov. PENSION BENEFIT GUARANTY CORPORATION MATTERS TO BE CONSIDERED: AGENCY: Week of February 5, 2024 There are no meetings scheduled for the week of February 5, 2024. Week of February 12, 2024—Tentative There are no meetings scheduled for the week of February 12, 2024. Week of February 19, 2024—Tentative Thursday, February 22, 2024 9:00 a.m. Update on Research and Test Reactors Regulatory Program (Public Meeting) (Contact: Wesley Deschaine: 404–997–5301) 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 February 26, 2024—Tentative NUCLEAR REGULATORY COMMISSION There are no meetings scheduled for the week of February 26, 2024. [NRC–2024–0001] Week of March 4, 2024—Tentative Sunshine Act Meetings Weeks of February 5, 12, 19, 26, and March 4, 11, 2024. The schedule for Commission meetings is subject to change on short notice. The NRC Commission Meeting Schedule can 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 khammond on DSKJM1Z7X2PROD with NOTICES TIME AND DATE: VerDate Sep<11>2014 17:08 Feb 01, 2024 Jkt 262001 There are no meetings scheduled for the week of March 4, 2024. Week of March 11, 2024—Tentative There are no meetings scheduled for the week of March 11, 2024. 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: January 31, 2024. For the Nuclear Regulatory Commission. Wesley W. Held, Policy Coordinator, Office of the Secretary. [FR Doc. 2024–02203 Filed 1–31–24; 11:15 am] BILLING CODE 7590–01–P PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 Proposed Submission of Information Collection for OMB Review; Comment Request; Survey of Nonparticipating Single Premium Group Annuity Rates Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request extension of OMB approval of information collection. The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of a collection of information (OMB control number 1212–0030, expiring July 31, 2024). The purpose of this information collection is to survey insurance company rates for pricing annuity contracts to obtain information needed to set actuarial assumptions. The American Council of Life Insurers conducts this voluntary survey for PBGC. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. DATES: Comments should be submitted by April 2, 2024. ADDRESSES: Comments may be submitted by any of the following methods: • Federal eRulemaking Portal: https://www.regulations.gov. Follow the website instructions for submitting comments. • Email: paperwork.comments@ pbgc.gov. Refer to Survey of Insurance Company Rates or OMB control number 1212–0030 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 Survey of Insurance Company Rates or OMB control number 1212–0030. All comments received will be posted without change to PBGC’s website, www.pbgc.gov, including any personal information provided. Do not submit comments that include any personally identifiable information or confidential business information. SUMMARY: E:\FR\FM\02FEN1.SGM 02FEN1 khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 89, No. 23 / Friday, February 2, 2024 / Notices Copies of the collection of information may be obtained without charge by writing to the 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: Gregory Katz (katz.gregory@pbgc.gov), Attorney, Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 445 12th Street SW, Washington, DC 20024–2101, 202–229–3829. 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: PBGC’s regulations prescribe actuarial valuation methods and assumptions (including interest rate assumptions) to be used to determine the actuarial present value of benefits under single-employer plans in involuntary or distress terminations (29 CFR part 4044) and the present value of benefits and certain assets under multiemployer plans that undergo a mass withdrawal of contributing employers (29 CFR part 4281). In each month immediately preceding the start of a new calendar quarter, PBGC publishes the interest assumption to be used under those regulations for plans terminating or undergoing mass withdrawal during the next quarter. The interest assumption is intended to reflect current conditions in the group annuity markets. To determine the interest assumption, PBGC gathers premium rate data from insurance companies that are providing annuity contracts to terminating pension plans through a quarterly survey. The American Council of Life Insurers (ACLI) distributes the survey and provides PBGC with ‘‘double blind’’ data (i.e., PBGC is unable to match responses with the insurance companies that submitted them). PBGC also uses the information from the surveys to determine the interest assumption it uses to value benefits payable to participants and beneficiaries in PBGCtrusteed plans for purposes of PBGC’s financial statements. PBGC intends to make conforming, clarifying, and editorial changes to the survey forms and instructions. This voluntary survey is directed at insurance companies most, if not all, of which are members of ACLI. The survey is conducted quarterly and approximately 10 insurance companies VerDate Sep<11>2014 17:08 Feb 01, 2024 Jkt 262001 will be asked to participate. PBGC estimates that about six insurance companies will respond to the survey each quarter, and that each survey will require approximately 30 minutes to complete and return. The total burden is estimated to be 12 hours (30 minutes per survey x four surveys per year x six respondents per quarter). The existing collection of information was approved under OMB control number 1212–0030 (expires July 31, 2024). PBGC intends to request that OMB approve PBGC’s use of this form 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. Issued in Washington, DC by: Hilary Duke, Assistant General Counsel for Regulatory Affairs, Pension Benefit Guaranty Corporation. [FR Doc. 2024–02072 Filed 2–1–24; 8:45 am] BILLING CODE 7709–02–P POSTAL REGULATORY COMMISSION [Docket Nos. MC2024–169 and CP2024–175] 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. SUMMARY: PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 DATES: 7419 Comments are due: February 6, 2024. 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: ADDRESSES: 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) 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\02FEN1.SGM 02FEN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 89, Number 23 (Friday, February 2, 2024)]
[Notices]
[Pages 7418-7419]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02072]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Survey of Nonparticipating Single Premium Group 
Annuity Rates

AGENCY: Pension Benefit Guaranty Corporation.

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

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

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to 
request that the Office of Management and Budget (OMB) extend approval, 
under the Paperwork Reduction Act, of a collection of information (OMB 
control number 1212-0030, expiring July 31, 2024). The purpose of this 
information collection is to survey insurance company rates for pricing 
annuity contracts to obtain information needed to set actuarial 
assumptions. The American Council of Life Insurers conducts this 
voluntary survey for PBGC. This notice informs the public of PBGC's 
intent and solicits public comment on the collection of information.

DATES: Comments should be submitted by April 2, 2024.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the website instructions for submitting comments.
     Email: [email protected]. Refer to Survey of 
Insurance Company Rates or OMB control number 1212-0030 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 Survey of Insurance 
Company Rates or OMB control number 1212-0030. All comments received 
will be posted without change to PBGC's website, www.pbgc.gov, 
including any personal information provided. Do not submit comments 
that include any personally identifiable information or confidential 
business information.

[[Page 7419]]

    Copies of the collection of information may be obtained without 
charge by writing to the 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: Gregory Katz ([email protected]), 
Attorney, Regulatory Affairs Division, Office of the General Counsel, 
Pension Benefit Guaranty Corporation, 445 12th Street SW, Washington, 
DC 20024-2101, 202-229-3829. 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: PBGC's regulations prescribe actuarial 
valuation methods and assumptions (including interest rate assumptions) 
to be used to determine the actuarial present value of benefits under 
single-employer plans in involuntary or distress terminations (29 CFR 
part 4044) and the present value of benefits and certain assets under 
multiemployer plans that undergo a mass withdrawal of contributing 
employers (29 CFR part 4281). In each month immediately preceding the 
start of a new calendar quarter, PBGC publishes the interest assumption 
to be used under those regulations for plans terminating or undergoing 
mass withdrawal during the next quarter.
    The interest assumption is intended to reflect current conditions 
in the group annuity markets. To determine the interest assumption, 
PBGC gathers premium rate data from insurance companies that are 
providing annuity contracts to terminating pension plans through a 
quarterly survey. The American Council of Life Insurers (ACLI) 
distributes the survey and provides PBGC with ``double blind'' data 
(i.e., PBGC is unable to match responses with the insurance companies 
that submitted them). PBGC also uses the information from the surveys 
to determine the interest assumption it uses to value benefits payable 
to participants and beneficiaries in PBGC-trusteed plans for purposes 
of PBGC's financial statements.
    PBGC intends to make conforming, clarifying, and editorial changes 
to the survey forms and instructions.
    This voluntary survey is directed at insurance companies most, if 
not all, of which are members of ACLI. The survey is conducted 
quarterly and approximately 10 insurance companies will be asked to 
participate. PBGC estimates that about six insurance companies will 
respond to the survey each quarter, and that each survey will require 
approximately 30 minutes to complete and return. The total burden is 
estimated to be 12 hours (30 minutes per survey x four surveys per year 
x six respondents per quarter).
    The existing collection of information was approved under OMB 
control number 1212-0030 (expires July 31, 2024). PBGC intends to 
request that OMB approve PBGC's use of this form 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.

    Issued in Washington, DC by:
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2024-02072 Filed 2-1-24; 8:45 am]
BILLING CODE 7709-02-P

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