Proposed Submission of Information Collection for OMB Review; Comment Request; Mergers and Transfers Between Multiemployer Plans, 39663-39664 [2024-10165]

Download as PDF 39663 Federal Register / Vol. 89, No. 91 / Thursday, May 9, 2024 / Notices determined that there are no cumulative impacts associated with the proposed action. Environmental Impacts of the Alternatives to the Proposed Action As an alternative to the proposed action, the staff considered denial of the proposed action (i.e., the ‘‘no-action’’ alternative). Under this alternative, GLE would not be granted approval of the updated cyber security plan. Denial of the proposed action would result in GLE being unable to conduct operations related to classified matter at its headquarters location. GLE would continue its current operations at the test loop facility. The NRC staff concluded that environmental impacts from the no-action alternative would not be significant. Agencies and Persons Consulted The Endangered Species Act (ESA) was enacted to prevent further decline of endangered and threatened species and restore those species and their critical habitat. Section 7 of the ESA requires Federal agencies to consult with the U.S. Fish and Wildlife Service or the National Marine Fisheries Service, as appropriate, regarding actions that may affect listed species or designated critical habitats. The NRC staff has determined that the proposed action would have no effect on threatened or endangered species or critical habitat. Therefore, consultation under section 7 of the ESA is not required. Section 106 of the National Historic Preservation Act (NHPA) requires Federal agencies to consider the effects of their undertakings on historic properties. As stated in the NHPA, historic properties are any prehistoric or historic district, site, building, structure, or object included in or eligible for inclusion in the National Register of Historic Places. The NRC staff has determined that the undertaking is a type of activity that does not have the potential to cause effects on any historic properties that may be present. Therefore, in accordance with 36 CFR 800.3(a)(1), the NRC has no further obligations under section 106 of the NHPA. III. Finding of No Significant Impact GLE has requested approval of its updated PCSP. The NRC staff has prepared an EA as part of its review of the proposed action. The proposed action would have no significant radiological or non-radiological impacts to environmental resources. This FONSI incorporates by reference the EA in Section II of this notice. On the basis of this EA, the NRC staff concludes that the proposed action will not have a significant effect on the quality of the human environment. Accordingly, the NRC has determined not to prepare an environmental impact statement. IV. Availability of Documents The documents identified in the following table are available to interested persons through one or more of the following methods, as indicated. ADAMS Accession No. Document description Approval of Updates to the Global Laser Enrichment LLC Standard Practice, Procedure Plan and Transportation Plan, to Support the New, Off-Site Headquarters Building, dated May 1, 2024. ................................................................................... Submission of Global Laser Enrichment, LLC Cyber Security Plan Incorporating Coverage for the new GLE Headquarters, dated September 21, 2023. ....................................................................................................................................................... Submission of Global Laser Enrichment Program Cyber Security Plan Incorporating Coverage for the new GLE Headquarters updated PCSP, dated November 13, 2023. ................................................................................................................ Dated: May 5, 2024. For the Nuclear Regulatory Commission. Samantha Lav, Chief, Fuel Facilities Licensing Branch, Division of Fuel Management, Office of Nuclear Material Safety and Safeguards. PBGC’s regulation on Mergers and Transfers Between Multiemployer Plans. This notice informs the public of PBGC’s intent and solicits public comment on the collection of information. [FR Doc. 2024–10124 Filed 5–8–24; 8:45 am] DATES: BILLING CODE 7590–01–P PENSION BENEFIT GUARANTY CORPORATION Proposed Submission of Information Collection for OMB Review; Comment Request; Mergers and Transfers Between Multiemployer Plans Pension Benefit Guaranty Corporation. ACTION: Notice of intent to request extension of OMB approval of information collection. ddrumheller on DSK120RN23PROD with NOTICES1 AGENCY: 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 contained in SUMMARY: VerDate Sep<11>2014 17:17 May 08, 2024 Jkt 262001 Comments must be submitted on or before July 8, 2024. 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 OMB control number 1212–0022 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. PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 ML24037A127 ML23283A247 ML23335A135 All submissions received must include the agency’s name (Pension Benefit Guaranty Corporation, or PBGC) and refer to OMB control number 1212– 0022. 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. 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: Monica O’Donnell (odonnell.monica@ pbgc.gov), Attorney, Regulatory Affairs Division, Office of the General Counsel, Pension Benefit Guaranty Corporation, 445 12th Street SW, Washington DC 20024–2101; 202–229–8706. If you are E:\FR\FM\09MYN1.SGM 09MYN1 ddrumheller on DSK120RN23PROD with NOTICES1 39664 Federal Register / Vol. 89, No. 91 / Thursday, May 9, 2024 / Notices deaf or hard of hearing, or have a speech disability, please dial 7–1–1 to access telecommunications relay services. SUPPLEMENTARY INFORMATION: Section 4231(a) and (b) of the Employee Retirement Income Security Act of 1974 (ERISA) requires plans that are involved in a merger or transfer to give PBGC 120 days notice of the transaction and provides that if PBGC determines that specified requirements are satisfied, the transaction will be deemed not to be in violation of ERISA section 406(a) or (b)(2) (dealing with prohibited transactions). PBGC’s regulation on Mergers and Transfers Between Multiemployer Plans (29 CFR part 4231) sets forth the procedures for giving notice of a merger or transfer under section 4231 and for requesting a compliance determination. The regulations specify the information that must be included in a merger or transfer notice. A request for a compliance determination must provide additional information to enable PBGC to make an explicit finding that the merger/transfer requirements have been satisfied. Section 4231(e) of ERISA clarifies PBGC’s authority to facilitate a merger (a ‘‘facilitated merger’’) of two or more multiemployer plans if certain statutory requirements are met. For purposes of section 4231(e), ‘‘facilitation’’ may include training, technical assistance, mediation, communication with stakeholders, and support with related requests to other government agencies. In addition, subject to the requirements of section 4231(e)(2), PBGC may provide financial assistance (within the meaning of section 4261 of ERISA) to facilitate a merger (a ‘‘financial assistance merger’’) it determines is necessary to enable one or more of the plans involved to avoid or postpone insolvency. PBGC’s regulations specify the information requirements for a voluntary request for a facilitated merger under section 4231(e) of ERISA, including a financial assistance merger. PBGC uses information submitted by plan sponsors under the regulation to determine whether mergers and transfers conform to the requirements of ERISA section 4231 and the regulation. The collection of information under the regulation has been approved by OMB under control number 1212–0022 (expires October 31, 2024). PBGC intends to request that OMB extend approval of the collection 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. VerDate Sep<11>2014 17:17 May 08, 2024 Jkt 262001 PBGC estimates that there are 15 transactions each year (excluding financial assistance mergers). The estimated annual burden of the collection of information for 15 transactions (excluding financial assistance mergers) is 15 fund office hours and $74,400 in contractor costs for work by attorneys and actuaries. PBGC further estimates that there is one request each year for a financial assistance merger. The annual burden of the collection of information for financial assistance mergers is 10 fund office hours and $36,000 in contractor costs. The total annual burden of the collection of information is approximately 25 fund office hours and $110,400 in contractor costs. 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. notice informs the public of the filing, invites public comment, and takes other administrative steps. DATES: Comments are due: May 13, 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. ADDRESSES: FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 202–789–6820. 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 Issued in Washington, DC. the interests of the general public in the Hilary Duke, proceeding, pursuant to 39 U.S.C. 505 Assistant General Counsel for Regulatory (Public Representative). Section II also Affairs, Pension Benefit Guaranty establishes comment deadline(s) Corporation. pertaining to each request. [FR Doc. 2024–10165 Filed 5–8–24; 8:45 am] The public portions of the Postal BILLING CODE 7709–02–P Service’s request(s) can be accessed via the Commission’s website (https:// www.prc.gov). Non-public portions of POSTAL REGULATORY COMMISSION the Postal Service’s request(s), if any, [Docket Nos. MC2024–267 and CP2024–273; can be accessed through compliance MC2024–268 and CP2024–274; MC2024–269 with the requirements of 39 CFR and CP2024–275; MC2024–270 and CP2024– 3011.301.1 276; MC2024–271 and CP2024–277] The Commission invites comments on whether the Postal Service’s request(s) New Postal Products in the captioned docket(s) are consistent with the policies of title 39. For AGENCY: Postal Regulatory Commission. request(s) that the Postal Service states ACTION: Notice. concern Market Dominant product(s), SUMMARY: The Commission is noticing a 1 See Docket No. RM2018–3, Order Adopting recent Postal Service filing for the Final Rules Relating to Non-Public Information, Commission’s consideration concerning June 27, 2018, Attachment A at 19–22 (Order No. 4679). a negotiated service agreement. This PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\09MYN1.SGM 09MYN1

Agencies

Pension Benefit Guaranty Corporation

[Federal Register Volume 89, Number 91 (Thursday, May 9, 2024)]
[Notices]
[Pages 39663-39664]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-10165]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Mergers and Transfers Between Multiemployer Plans

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 
contained in PBGC's regulation on Mergers and Transfers Between 
Multiemployer Plans. 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 July 8, 2024.

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 OMB control 
number 1212-0022 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 OMB control number 
1212-0022. 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.
    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: Monica O'Donnell 
([email protected]), Attorney, Regulatory Affairs Division, 
Office of the General Counsel, Pension Benefit Guaranty Corporation, 
445 12th Street SW, Washington DC 20024-2101; 202-229-8706. If you are

[[Page 39664]]

deaf or hard of hearing, or have a speech disability, please dial 7-1-1 
to access telecommunications relay services.

SUPPLEMENTARY INFORMATION: Section 4231(a) and (b) of the Employee 
Retirement Income Security Act of 1974 (ERISA) requires plans that are 
involved in a merger or transfer to give PBGC 120 days notice of the 
transaction and provides that if PBGC determines that specified 
requirements are satisfied, the transaction will be deemed not to be in 
violation of ERISA section 406(a) or (b)(2) (dealing with prohibited 
transactions).
    PBGC's regulation on Mergers and Transfers Between Multiemployer 
Plans (29 CFR part 4231) sets forth the procedures for giving notice of 
a merger or transfer under section 4231 and for requesting a compliance 
determination. The regulations specify the information that must be 
included in a merger or transfer notice. A request for a compliance 
determination must provide additional information to enable PBGC to 
make an explicit finding that the merger/transfer requirements have 
been satisfied.
    Section 4231(e) of ERISA clarifies PBGC's authority to facilitate a 
merger (a ``facilitated merger'') of two or more multiemployer plans if 
certain statutory requirements are met. For purposes of section 
4231(e), ``facilitation'' may include training, technical assistance, 
mediation, communication with stakeholders, and support with related 
requests to other government agencies. In addition, subject to the 
requirements of section 4231(e)(2), PBGC may provide financial 
assistance (within the meaning of section 4261 of ERISA) to facilitate 
a merger (a ``financial assistance merger'') it determines is necessary 
to enable one or more of the plans involved to avoid or postpone 
insolvency. PBGC's regulations specify the information requirements for 
a voluntary request for a facilitated merger under section 4231(e) of 
ERISA, including a financial assistance merger.
    PBGC uses information submitted by plan sponsors under the 
regulation to determine whether mergers and transfers conform to the 
requirements of ERISA section 4231 and the regulation.
    The collection of information under the regulation has been 
approved by OMB under control number 1212-0022 (expires October 31, 
2024). PBGC intends to request that OMB extend approval of the 
collection 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 estimates that there are 15 transactions each year (excluding 
financial assistance mergers). The estimated annual burden of the 
collection of information for 15 transactions (excluding financial 
assistance mergers) is 15 fund office hours and $74,400 in contractor 
costs for work by attorneys and actuaries. PBGC further estimates that 
there is one request each year for a financial assistance merger. The 
annual burden of the collection of information for financial assistance 
mergers is 10 fund office hours and $36,000 in contractor costs. The 
total annual burden of the collection of information is approximately 
25 fund office hours and $110,400 in contractor costs.
    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.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2024-10165 Filed 5-8-24; 8:45 am]
BILLING CODE 7709-02-P

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