Proposed Collection; Comment Request, 74999-75003 [2024-20854]
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Federal Register / Vol. 89, No. 178 / Friday, September 13, 2024 / Notices
Friday, September 27, 2024, from
10:00 a.m.–12:30 p.m. EDT.
ADDRESSES: The meeting will be held
both in-person at 1099 14th Street NW,
Suite 700, Washington, DC 20005 and
virtually via WebEx.
FOR FURTHER INFORMATION CONTACT:
Contact Mesbah Motamed,
202.521.3600, MCCEACouncil@mcc.gov
or visit www.mcc.gov/about/org-unit/
economic-advisory-council.
SUPPLEMENTARY INFORMATION:
Agenda: During this meeting of the
MCC Economic Advisory Council,
members will receive an overview of
MCC’s work to fulfill its poverty
reduction through economic growth
mission and the role of the MCC
Economic Advisory Council. The MCC
Economic Advisory Council will also
discuss issues related to MCC’s work on
concurrent regional compacts.
Public Participation: The meeting will
be open to the public. Members of the
public may file written statement(s)
before or after the meeting. If you plan
to participate, please submit your name
and affiliation no later than Friday,
September 20, 2024, to
MCCEACouncil@mcc.gov to receive
instructions for virtual participation and
to be placed on an attendee list.
DATES:
(Authority: Federal Advisory Committee Act,
5 U.S.C. App.)
Dated: September 9, 2024.
Peter E. Jaffe,
Vice President, General Counsel, and
Corporate Secretary.
[FR Doc. 2024–20755 Filed 9–12–24; 8:45 am]
BILLING CODE 9211–03–P
PENSION BENEFIT GUARANTY
CORPORATION
Solicitation of Nominations for
Appointment to the Advisory
Committee of the Pension Benefit
Guaranty Corporation
Pension Benefit Guaranty
Corporation.
ACTION: Notice.
AGENCY:
The Pension Benefit Guaranty
Corporation (PBGC) is soliciting
nominations for appointment to the
Advisory Committee of the PBGC.
DATES: Nominations must be received
on or before October 28, 2024. Please
allow three weeks for regular mail
delivery to PBGC.
ADDRESSES: Nominations must be
submitted electronically to
OfficeOfTheDirector@pbgc.gov as email
attachments in Word or pdf format, or
by mail to Office of the Director,
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
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17:53 Sep 12, 2024
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Pension Benefit Guaranty Corporation,
445 12th Street SW, Washington, DC
20024–2101.
SUPPLEMENTARY INFORMATION: The
Pension Benefit Guaranty Corporation
(PBGC or the Corporation) administers
the pension plan termination insurance
program under title IV of the Employee
Retirement Income Security Act of 1974
(ERISA). Section 4002(h) of ERISA
provides for the establishment of an
Advisory Committee to the Corporation.
The Advisory Committee consists of
seven members appointed by the
President from among individuals
recommended by the PBGC Board of
Directors, which consists of the
Secretaries of Labor, Treasury, and
Commerce. The Advisory Committee
members are as follows:
• two representatives of employee
organizations;
• two representatives of employers
who maintain pension plans; and
• three representatives of the general
public.
No more than four members of the
Committee shall be members of the
same political party. Anyone currently
subject to federal registration
requirements as a lobbyist is not eligible
for appointment.
Advisory Committee members must
have experience with employee
organizations, employers who maintain
defined benefit pension plans, the
administration or advising of pension
plans, or in related fields. Appointments
are for 3-year terms. Reappointments are
possible but are subject to the
appointment process.
The Advisory Committee’s prescribed
duties include advising the Corporation
as to its policies and procedures relating
to investment of moneys, and other
issues as the Corporation may request or
as the Advisory Committee determines
appropriate. The Advisory Committee
meets at least six times each year. At
least one meeting is a joint meeting with
the PBGC Board of Directors.
By February 19, 2025, the terms of
three of the Advisory Committee
members, two representing employers
who maintain pension plans and one
representing the general public, will
have expired. Therefore, PBGC is
seeking nominations for three seats.
PBGC is committed to equal
opportunity in the workplace and seeks
a broad-based and diverse Advisory
Committee.
If you or your organization wants to
nominate one or more people for
appointment to the Advisory Committee
to represent employers who maintain
pension plans or the general public, you
may submit nominations to PBGC.
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74999
Nominations may be in the form of a
letter, resolution or petition, signed by
the person making the nomination.
PBGC encourages you to include
additional supporting letters of
nomination. PBGC will not consider
self-nominees who have no supporting
letters. Please do not include any
information that you do not want
publicly disclosed.
Nominations, including supporting
letters, should:
• state the person’s qualifications to
serve on the Advisory Committee
(including any specialized knowledge or
experience relevant to the nominee’s
proposed Advisory Committee position
to represent employers who maintain
pension plans or the general public);
• state that the candidate will accept
appointment to the Advisory Committee
if offered;
• include the nominee’s full name,
work affiliation, mailing address, phone
number, and email address;
• include the nominator’s full name,
mailing address, phone number, and
email address; and
• include the nominator’s signature,
whether sent by email or otherwise.
PBGC will contact nominees for
information on their political affiliation
and their status as registered lobbyists.
Nominees should be aware of the time
commitment for attending meetings and
actively participating in the work of the
Advisory Committee. Historically, this
has meant a commitment of at least 15
days per year. PBGC has a process for
vetting nominees under consideration
for appointment.
Issued in Washington, DC.
Ann Y. Orr,
Acting Director, Pension Benefit Guaranty
Corporation.
[FR Doc. 2024–20782 Filed 9–12–24; 8:45 am]
BILLING CODE 7709–02–P
RAILROAD RETIREMENT BOARD
Proposed Collection; Comment
Request
In accordance with the requirement of
Section 3506(c)(2)(A) of the Paperwork
Reduction Act of 1995 which provides
opportunity for public comment on new
or revised data collections, the Railroad
Retirement Board (RRB) will publish
periodic summaries of proposed data
collections.
Comments are invited on: (a) Whether
the proposed information collection is
necessary for the proper performance of
the functions of the agency, including
whether the information has practical
utility; (b) the accuracy of the RRB’s
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Federal Register / Vol. 89, No. 178 / Friday, September 13, 2024 / Notices
(45 U.S.C. 355) any person aggrieved by
a decision made by an office of the RRB
on his or her application for an annuity
or benefit under those Acts has the right
to appeal to the RRB. This right is
prescribed in 20 CFR 260 and 20 CFR
320. The notification letter, which is
provided at the time of filing the
original application, informs the
applicant of such right. When an
applicant protests a decision, the
concerned RRB office reviews the entire
file and any additional evidence
submitted and sends the applicant a
letter explaining the basis of the
determination. The applicant is then
notified that to protest further, they can
appeal to the RRB’s Bureau of Hearings
estimate of the burden of the collection
of the information; (c) ways to enhance
the quality, utility, and clarity of the
information to be collected; and (d)
ways to minimize the burden related to
the collection of information on
respondents, including the use of
automated collection techniques or
other forms of information technology.
1. Title and purpose of information
collection: Claimant Appeal Under the
Railroad Retirement Act or Railroad
Unemployment Insurance Act; OMB
3220–0007.
Under Section 7(b) of the Railroad
Retirement Act (RRA) (45 U.S.C. 231f),
and Section 5(c) of the Railroad
Unemployment Insurance Act (RUIA)
and Appeals. The appeal process is
prescribed in 20 CFR 260.5 and 260.9
and 20 CFR 320.12 and 320.38.
To file a request for an appeal the
applicant must complete Form HA–1,
Appeal Under the Railroad Retirement
Act or Railroad Unemployment
Insurance Act. The form asks the
applicant to explain the basis for their
request for an appeal and, if necessary,
to describe any additional evidence they
wish to submit in support of the appeal.
Completion is voluntary, however, if the
information is not provided the RRB
cannot process the appeal. The RRB
proposes a minor change to Form HA–
1 to reference page 2 of the form.
ESTIMATE OF ANNUAL RESPONDENT BURDEN
Form No.
Annual
responses
Time
(minutes)
Burden
(hours)
HA–1 ............................................................................................................................................
300
20
100
2. Title and purpose of information
collection: Evidence for Application of
Overall Minimum; OMB 3220–0083.
Under Section 3(f)(2) of the Railroad
Retirement Act (RRA) (45 U.S.C. 231b),
the total monthly benefits payable to a
railroad employee and his/her family
are guaranteed to be no less than the
amount which would be payable if the
employee’s railroad service had been
covered by the Social Security Act. This
is referred to as the Social Security
Overall Minimum Guarantee, which is
prescribed in 20 CFR 229. To administer
this provision, the Railroad Retirement
Board (RRB) requires information about
a retired employee’s spouse and
child(ren) who would not be eligible for
benefits under the RRA but would be
eligible for benefits under the Social
Security Act if the employee’s railroad
service had been covered by that Act.
The RRB obtains the required
information by the use of Forms G–319,
Statement Regarding Family and
Earnings for Special Guaranty
Computation, and G–320, Student
Questionnaire for Special Guaranty
Computation. One response is required
of each respondent. Completion is
required to obtain or retain benefits. The
RRB proposes minor changes to Form
G–319:
• In Section 1, updated the year in
example date format.
• In Section 2, changed first sentence
to ‘‘Check the information entered by
the Railroad Retirement Board (RRB) for
accuracy.’’
• In Receipt For Your Statement
section (page 11), updated the office
hours.
The RRB proposes no changes to
Form G–320.
ESTIMATE OF ANNUAL RESPONDENT BURDEN—CURRENT BURDEN
Annual
responses
Form No.
G–319 (completed by the employee):
With assistance ....................................................................................................................
Without assistance ...............................................................................................................
G–319 (completed by spouse):
With assistance ....................................................................................................................
Without assistance ...............................................................................................................
G–320:
(Age 18 at Special Guaranty Begin Date or Special Guaranty Age 18 Attainments) .........
G–320:
(Student Monitoring done in Sept, March and at end of school year) ................................
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Total ...............................................................................................................................
3. Title and purpose of information
collection: Request to Non-Railroad
Employer for Information About
Annuitant’s Work and Earnings; OMB
3220–0107.
Under Section 2 of the Railroad
Retirement Act (RRA) (45 U.S.C. 231a),
a railroad employee’s retirement
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annuity or an annuity paid to the spouse
of a railroad employee is subject to work
deductions in the Tier II component of
the annuity and any employee
supplemental annuity for any month in
which the annuitant works for a Last
Pre-Retirement Non-Railroad Employer
(LPE). The LPE is defined as the last
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Time
(minutes)
Burden
(hours)
5
230
26
55
2
211
5
10
30
60
2
10
30
15
7
10
15
2
290
........................
234
person, company, or institution, other
than a railroad employer, that employed
an employee or spouse annuitant. In
addition, the employee, spouse, or
divorced spouse Tier I annuity benefit is
subject to work deductions under
Section 2(f)(1) (45 U.S.C. 231a) of the
RRA for earnings from any non-railroad
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Federal Register / Vol. 89, No. 178 / Friday, September 13, 2024 / Notices
employer that are over the annual
exempt amount. The regulations
pertaining to non-payment of annuities
by reason of work and LPE are
contained in 20 CFR 230.1 and 230.2.
The RRB utilizes Form RL–231–F,
Request to Non-Railroad Employer for
Information About Annuitant’s Work
and Earnings, to obtain the information
needed to determine if a work
deduction should be applied because an
annuitant worked in non-railroad
employment after the annuity beginning
date. One response is requested of each
respondent. Completion is voluntary.
The RRB proposes no changes to Form
RL–231–F.
ESTIMATE OF ANNUAL RESPONDENT BURDEN
Form No.
Annual
responses
Time
(minutes)
Burden
(hours)
RL–231–F ....................................................................................................................................
300
30
150
4. Title and purpose of information
collection: Student Beneficiary
Monitoring; OMB 3220–0123.
Under provisions of the Railroad
Retirement Act (RRA), there are two
types of benefit payments that are based
on the status of a child being in fulltime elementary or secondary school
attendance at age 18–19: (1) A survivor
child’s annuity benefit under Section
2(d)(1)(iii) (45 U.S.C. 231a) and (2) an
increase in the employee retirement
annuity under the Special Guaranty
computation as prescribed in Section
3(f)(2) (45 U.S.C. 231b) and 20 CFR 229.
The survivor student annuity is
usually paid by direct deposit to a
financial institution either into the
student’s checking or savings account or
into a joint bank account with a parent.
The requirements for eligibility as a
student are prescribed in 20 CFR 216.74
and include students in independent
study and home schooling.
To help determine if a child is
entitled to student benefits, the RRB
requires evidence of full-time school
attendance. This evidence is acquired
through the RRB’s student monitoring
program, which utilizes the following
forms. Form G–315, Student
Questionnaire, obtains certification of a
student’s full-time school attendance as
well as information on the student’s
marital status, social security benefits,
and employment, which are needed to
determine entitlement or continued
entitlement to benefits under the RRA.
Form G–315A, Statement of School
Official, is used to obtain, from a school,
verification of a student’s full-time
attendance when the student fails to
return a monitoring Form G–315. Form
G–315A.1, School Official’s Notice of
Cessation of Full-Time School
Attendance, is used by a school to notify
the RRB that a student has ceased fulltime school attendance. The RRB
proposes no changes to Forms G–315,
G–315A, or G–315A.1.
ESTIMATE OF ANNUAL RESPONDENT BURDEN
Annual
responses
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Form No.
Time
(minutes)
Burden
(hours)
G–315 ..........................................................................................................................................
G–315A ........................................................................................................................................
G–315A.1 .....................................................................................................................................
860
20
20
15
3
2
215
1
1
Total ......................................................................................................................................
900
........................
217
5. Title and purpose of information
collection: Gross Earnings Report; OMB
3220–0132.
In order to carry out the financial
interchange provisions of Section 7(c)(2)
of the Railroad Retirement Act (RRA)
(45 U.S.C. 231f), the RRB obtains
annually from railroad employer’s the
gross earnings for their employees on a
one-percent basis, i.e., 1% of each
employer’s railroad employees. The
gross earnings sample is based on the
earnings of employees whose social
security numbers end with the digits
‘‘30.’’ The gross earnings are used to
compute payroll taxes under the
financial interchange.
The gross earnings information is
essential in determining the tax
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amounts involved in the financial
interchange with the Social Security
Administration and Centers for
Medicare & Medicaid Services. Besides
being necessary for current financial
interchange calculations, the gross
earnings file tabulations are also an
integral part of the data needed to
estimate future tax income and
corresponding financial interchange
amounts. These estimates are made for
internal use and to satisfy requests from
other government agencies and
interested groups. In addition, cash flow
projections of the social security
equivalent benefit account, railroad
retirement account and cost estimates
made for proposed amendments to laws
administered by the RRB are dependent
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on input developed from the
information collection.
The RRB utilizes Form BA–11 to
obtain gross earnings information from
railroad employers. Employers have the
option of preparing and submitting BA–
11 reports online via the RRB’s
Employer Reporting System or on paper
(or in like format) by File Transfer
Protocol (FTP) or secure Email. The
online BA–11 includes the option to file
a ‘‘negative report’’ (no employees, or no
employees with the digits ‘‘30’’).
Completion is mandatory. One response
is requested of each respondent. The
RRB proposes no changes to Form BA–
11.
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Federal Register / Vol. 89, No. 178 / Friday, September 13, 2024 / Notices
ESTIMATE OF ANNUAL RESPONDENT BURDEN
Annual
responses
Form No.
BA–11
BA–11
BA–11
BA–11
BA–11
Time
(minutes)
Burden
(hours)
CD–ROM .........................................................................................................................
File Transfer Protocol ......................................................................................................
Secure Email ...................................................................................................................
(Internet)—Positive ..........................................................................................................
(Internet)—Negative .........................................................................................................
0
20
1
150
318
30
300
30
30
15
0
100
1
75
80
Total ......................................................................................................................................
489
........................
256
Unemployment Insurance Act provides
that a railroad employee who is paid a
separation allowance is disqualified for
unemployment and sickness benefits for
the period of time the employee would
have to work to earn the amount of the
allowance. The reporting requirements
are specified in 20 CFR 209.14.
In order to calculate and provide
payments, the Railroad Retirement
Board (RRB) must collect and maintain
records of separation allowances and
severance payments which were subject
to Tier II taxation from railroad
employers. The RRB uses Form BA–9,
Report of Separation Allowance or
6. Title and purpose of information
collection: Railroad Separation
Allowance or Severance Pay Report;
OMB 3220–0173.
Section 6 of the Railroad Retirement
Act (45 U.S.C. 231e) provides for a
lump-sum payment to an employee or
the employee’s survivors equal to the
Tier II taxes paid by the employee on a
separation allowance or severance
payment for which the employee did
not receive credits toward retirement.
The lump-sum is not payable until
retirement benefits begin to accrue or
the employee dies. Also, Section 4 (a-1)
(iii) (45 U.S.C. 231c) of the Railroad
Severance Pay, to obtain information
from railroad employers concerning the
separation allowances and severance
payments made to railroad employees
and/or the survivors of railroad
employees. Employers currently have
the option of submitting their reports on
paper Form BA–9, (or in like format) on
a CD–ROM, or by File Transfer Protocol
(FTP), or Secure Email. Completion is
mandatory. One response is requested of
each respondent. The RRB proposes no
changes to the manual, CD–ROM, secure
email, or FTP Version of Form BA–9.
The RRB proposes no changes from BA–
9 (Internet).
ESTIMATE OF ANNUAL RESPONDENT BURDEN
Annual
responses
Form No.
BA–9
BA–9
BA–9
BA–9
BA–9
Time
(minutes)
Burden
(hours)
(Paper) ...............................................................................................................................
(Internet) ............................................................................................................................
(CD–ROM) .........................................................................................................................
(Secure Email) ...................................................................................................................
(FTP) ..................................................................................................................................
100
215
10
25
10
76
15
76
76
76
127
54
13
32
13
Total ......................................................................................................................................
360
........................
239
7. Title and purpose of information
collection: Annual Earnings
Questionnaire for Annuitants in Last
Pre-Retirement Non-Railroad
Employment; OMB 3220–0179.
Under Section 2(e)(3) of the Railroad
Retirement Act (RRA) (45 U.S.C. 231a),
an annuity is not payable for any month
in which a beneficiary works for a
railroad. In addition, an annuity is
reduced for any month in which the
beneficiary works for an employer other
than a railroad employer and earns more
than a prescribed amount. Under the
1988 amendments to the RRA, the Tier
II portion of the regular annuity and any
supplemental annuity must be reduced
by one dollar for each two dollars of
Last Pre-Retirement Non-Railroad
Employment (LPE) earnings for each
month of such service. However, the
reduction cannot exceed 50 percent of
the Tier II and supplemental annuity
amount for the month to which such
deductions apply. The LPE generally
refers to an annuitant’s last employment
with a non-railroad person, company, or
institution prior to retirement, which
was performed at the same time as
railroad employment or after the
annuitant stopped railroad employment.
The collection obtains earnings
information needed by the RRB to
determine if possible reductions in
annuities are in order due to LPE.
The RRB utilizes Form G–19L,
Annual Earnings Questionnaire, to
obtain LPE earnings information from
annuitants. One response is requested of
each respondent. Completion is
required to retain a benefit. The RRB
proposes minor changes to update the
office hours on Form G–19L.
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ESTIMATE OF ANNUAL RESPONDENT BURDEN
Form No.
Annual
responses
Time
(minutes)
Burden
(hours)
G–19L ..........................................................................................................................................
300
15
75
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Federal Register / Vol. 89, No. 178 / Friday, September 13, 2024 / Notices
Additional Information or Comments:
To request more information or to
obtain a copy of the information
collection justification, forms, and/or
supporting material, contact Kennisha
Money at (312) 469–2591 or
Kennisha.Money@rrb.gov. Comments
regarding the information collection
should be addressed to Brian Foster,
Railroad Retirement Board, 844 North
Rush Street, Chicago, Illinois 60611–
1275 or emailed to Brian.Foster@rrb.gov.
Written comments should be received
within 60 days of this notice.
Brian D. Foster,
Clearance Officer.
[FR Doc. 2024–20854 Filed 9–12–24; 8:45 am]
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–110, OMB Control No.
3235–0286]
khammond on DSKJM1Z7X2PROD with NOTICES
Submission for OMB Review;
Comment Request; Extension:
Regulation A (Form 1–A): Small Issuer
Exemption From Registration Under
the Securities Act and Its Attendant
Form
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget this
request for extension of the previously
approved collection of information
discussed below.
Regulation A (17 CFR 230.251
through 230.263) provides an exemption
from registration under the Securities
Act of 1933 (15 U.S.C. 77a et seq.) for
certain limited offerings of securities by
issuers who do not otherwise file
reports with the Commission. Form 1–
A is an offering statement filed under
Regulation A. The paperwork burden
from Regulation A is imposed through
the forms that are subject to the
disclosure requirements in Regulation A
and is reflected in the analysis of the
form. To avoid a Paperwork Reduction
Act inventory reflecting duplicative
burdens, for administrative convenience
we estimate the burden imposed by
Regulation A to be a total of one hour.
We estimate that approximately 325
issuers file Forms 1–A. We estimate that
Form 1–A takes approximately 717.372
hours to prepare. We estimate that 75%
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18:54 Sep 12, 2024
Jkt 262001
of the 717.372 hours per response
(538.029 hours) is prepared by the
company for a total annual burden of
174,859 hours (538.029 hours per
response × 325 responses).
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
control number.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice by October 15, 2024 to (i)
www.reginfo.gov/public/do/PRAMain
and (ii) Austin Gerig, Director/Chief
Data Officer, Securities and Exchange
Commission, c/o Oluwaseun Ajayi, 100
F Street NE, Washington, DC 20549, or
by sending an email to: PRA_Mailbox@
sec.gov.
Dated: September 10, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–20845 Filed 9–12–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Investment Company Act Release No.
35316; 812–15603]
MA Specialty Credit Income Fund and
MA Asset Management, LLC
September 10, 2024.
Securities and Exchange
Commission (‘‘Commission’’ or ‘‘SEC’’).
ACTION: Notice.
AGENCY:
Notice of an application under section
6(c) of the Investment Company Act of
1940 (the ‘‘Act’’) for an exemption from
sections 18(a)(2), 18(c) and 18(i) of the
Act, under sections 6(c) and 23(c) of the
Act for an exemption from rule 23c–3
under the Act, and for an order pursuant
to section 17(d) of the Act and rule 17d–
1 under the Act.
SUMMARY OF APPLICATION: Applicants
request an order to permit certain
registered closed-end investment
companies to issue multiple classes of
shares and to impose asset-based
distribution and/or service fees and
early withdrawal charges.
APPLICANTS: MA Specialty Credit
Income Fund and MA Asset
Management, LLC.
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75003
The application was filed
on July 17, 2024 and amended on
August 27, 2024.
HEARING OR NOTIFICATION OF HEARING: An
order granting the requested relief will
be issued unless the Commission orders
a hearing. Interested persons may
request a hearing on any application by
emailing the SEC’s Secretary at
Secretarys-Office@sec.gov and serving
the Applicants with a copy of the
request by email, if an email address is
listed for the relevant Applicant below,
or personally or by mail, if a physical
address is listed for the relevant
Applicant below. Hearing requests
should be received by the Commission
by 5:30 p.m. on October 7, 2024, and
should be accompanied by proof of
service on the Applicants, in the form
of an affidavit, or, for lawyers, a
certificate of service. Pursuant to rule 0–
5 under the Act, hearing requests should
state the nature of the writer’s interest,
any facts bearing upon the desirability
of a hearing on the matter, the reason for
the request, and the issues contested.
Persons who wish to be notified of a
hearing may request notification by
emailing the Commission’s Secretary.
ADDRESSES: The Commission:
Secretarys-Office@sec.gov. Applicants:
Paul Grady, c/o MA Asset Management,
LLC, 3 W Main St., Suite 301, Irvington,
New York 10533, with copies to
William Bielefeld, Esq., Dechert LLP,
1900 K Street NW, Washington, DC
20006, and Matthew Barsamian, Esq.,
Dechert LLP, 1900 K Street NW,
Washington, DC 20006.
FOR FURTHER INFORMATION CONTACT:
Trace W. Rakestraw, Senior Special
Counsel, at (202) 551–6825 (Division of
Investment Management, Chief
Counsel’s Office).
SUPPLEMENTARY INFORMATION: For
Applicants’ representations, legal
analysis, and conditions, please refer to
Applicants’ application, dated August
27, 2024, which may be obtained via the
Commission’s website by searching for
the file number at the top of this
document, or for an Applicant using the
Company name search field on the
SEC’s EDGAR system. The SEC’s
EDGAR system may be searched at
https://www.sec.gov/edgar/searchedgar/
legacy/companysearch.html. You may
also call the SEC’s Public Reference
Room at (202) 551–8090.
FILING DATES:
For the Commission, by the Division of
Investment Management, under delegated
authority.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024–20851 Filed 9–12–24; 8:45 am]
BILLING CODE 8011–01–P
E:\FR\FM\13SEN1.SGM
13SEN1
]]>Agencies
[Federal Register Volume 89, Number 178 (Friday, September 13, 2024)]
[Notices]
[Pages 74999-75003]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20854]
=======================================================================
-----------------------------------------------------------------------
RAILROAD RETIREMENT BOARD
Proposed Collection; Comment Request
In accordance with the requirement of Section 3506(c)(2)(A) of the
Paperwork Reduction Act of 1995 which provides opportunity for public
comment on new or revised data collections, the Railroad Retirement
Board (RRB) will publish periodic summaries of proposed data
collections.
Comments are invited on: (a) Whether the proposed information
collection is necessary for the proper performance of the functions of
the agency, including whether the information has practical utility;
(b) the accuracy of the RRB's
[[Page 75000]]
estimate of the burden of the collection of the information; (c) ways
to enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden related to the
collection of information on respondents, including the use of
automated collection techniques or other forms of information
technology.
1. Title and purpose of information collection: Claimant Appeal
Under the Railroad Retirement Act or Railroad Unemployment Insurance
Act; OMB 3220-0007.
Under Section 7(b) of the Railroad Retirement Act (RRA) (45 U.S.C.
231f), and Section 5(c) of the Railroad Unemployment Insurance Act
(RUIA) (45 U.S.C. 355) any person aggrieved by a decision made by an
office of the RRB on his or her application for an annuity or benefit
under those Acts has the right to appeal to the RRB. This right is
prescribed in 20 CFR 260 and 20 CFR 320. The notification letter, which
is provided at the time of filing the original application, informs the
applicant of such right. When an applicant protests a decision, the
concerned RRB office reviews the entire file and any additional
evidence submitted and sends the applicant a letter explaining the
basis of the determination. The applicant is then notified that to
protest further, they can appeal to the RRB's Bureau of Hearings and
Appeals. The appeal process is prescribed in 20 CFR 260.5 and 260.9 and
20 CFR 320.12 and 320.38.
To file a request for an appeal the applicant must complete Form
HA-1, Appeal Under the Railroad Retirement Act or Railroad Unemployment
Insurance Act. The form asks the applicant to explain the basis for
their request for an appeal and, if necessary, to describe any
additional evidence they wish to submit in support of the appeal.
Completion is voluntary, however, if the information is not provided
the RRB cannot process the appeal. The RRB proposes a minor change to
Form HA-1 to reference page 2 of the form.
Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
Annual
Form No. responses Time (minutes) Burden (hours)
----------------------------------------------------------------------------------------------------------------
HA-1......................................................... 300 20 100
----------------------------------------------------------------------------------------------------------------
2. Title and purpose of information collection: Evidence for
Application of Overall Minimum; OMB 3220-0083.
Under Section 3(f)(2) of the Railroad Retirement Act (RRA) (45
U.S.C. 231b), the total monthly benefits payable to a railroad employee
and his/her family are guaranteed to be no less than the amount which
would be payable if the employee's railroad service had been covered by
the Social Security Act. This is referred to as the Social Security
Overall Minimum Guarantee, which is prescribed in 20 CFR 229. To
administer this provision, the Railroad Retirement Board (RRB) requires
information about a retired employee's spouse and child(ren) who would
not be eligible for benefits under the RRA but would be eligible for
benefits under the Social Security Act if the employee's railroad
service had been covered by that Act. The RRB obtains the required
information by the use of Forms G-319, Statement Regarding Family and
Earnings for Special Guaranty Computation, and G-320, Student
Questionnaire for Special Guaranty Computation. One response is
required of each respondent. Completion is required to obtain or retain
benefits. The RRB proposes minor changes to Form G-319:
In Section 1, updated the year in example date format.
In Section 2, changed first sentence to ``Check the
information entered by the Railroad Retirement Board (RRB) for
accuracy.''
In Receipt For Your Statement section (page 11), updated
the office hours.
The RRB proposes no changes to Form G-320.
Estimate of Annual Respondent Burden--Current Burden
----------------------------------------------------------------------------------------------------------------
Annual
Form No. responses Time (minutes) Burden (hours)
----------------------------------------------------------------------------------------------------------------
G-319 (completed by the employee):
With assistance............................................. 5 26 2
Without assistance.......................................... 230 55 211
G-319 (completed by spouse):
With assistance............................................. 5 30 2
Without assistance.......................................... 10 60 10
G-320:
(Age 18 at Special Guaranty Begin Date or Special Guaranty 30 15 7
Age 18 Attainments)........................................
G-320:
(Student Monitoring done in Sept, March and at end of school 10 15 2
year)......................................................
-----------------------------------------------
Total................................................... 290 .............. 234
----------------------------------------------------------------------------------------------------------------
3. Title and purpose of information collection: Request to Non-
Railroad Employer for Information About Annuitant's Work and Earnings;
OMB 3220-0107.
Under Section 2 of the Railroad Retirement Act (RRA) (45 U.S.C.
231a), a railroad employee's retirement annuity or an annuity paid to
the spouse of a railroad employee is subject to work deductions in the
Tier II component of the annuity and any employee supplemental annuity
for any month in which the annuitant works for a Last Pre-Retirement
Non-Railroad Employer (LPE). The LPE is defined as the last person,
company, or institution, other than a railroad employer, that employed
an employee or spouse annuitant. In addition, the employee, spouse, or
divorced spouse Tier I annuity benefit is subject to work deductions
under Section 2(f)(1) (45 U.S.C. 231a) of the RRA for earnings from any
non-railroad
[[Page 75001]]
employer that are over the annual exempt amount. The regulations
pertaining to non-payment of annuities by reason of work and LPE are
contained in 20 CFR 230.1 and 230.2.
The RRB utilizes Form RL-231-F, Request to Non-Railroad Employer
for Information About Annuitant's Work and Earnings, to obtain the
information needed to determine if a work deduction should be applied
because an annuitant worked in non-railroad employment after the
annuity beginning date. One response is requested of each respondent.
Completion is voluntary. The RRB proposes no changes to Form RL-231-F.
Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
Annual
Form No. responses Time (minutes) Burden (hours)
----------------------------------------------------------------------------------------------------------------
RL-231-F..................................................... 300 30 150
----------------------------------------------------------------------------------------------------------------
4. Title and purpose of information collection: Student Beneficiary
Monitoring; OMB 3220-0123.
Under provisions of the Railroad Retirement Act (RRA), there are
two types of benefit payments that are based on the status of a child
being in full-time elementary or secondary school attendance at age 18-
19: (1) A survivor child's annuity benefit under Section 2(d)(1)(iii)
(45 U.S.C. 231a) and (2) an increase in the employee retirement annuity
under the Special Guaranty computation as prescribed in Section 3(f)(2)
(45 U.S.C. 231b) and 20 CFR 229.
The survivor student annuity is usually paid by direct deposit to a
financial institution either into the student's checking or savings
account or into a joint bank account with a parent. The requirements
for eligibility as a student are prescribed in 20 CFR 216.74 and
include students in independent study and home schooling.
To help determine if a child is entitled to student benefits, the
RRB requires evidence of full-time school attendance. This evidence is
acquired through the RRB's student monitoring program, which utilizes
the following forms. Form G-315, Student Questionnaire, obtains
certification of a student's full-time school attendance as well as
information on the student's marital status, social security benefits,
and employment, which are needed to determine entitlement or continued
entitlement to benefits under the RRA. Form G-315A, Statement of School
Official, is used to obtain, from a school, verification of a student's
full-time attendance when the student fails to return a monitoring Form
G-315. Form G-315A.1, School Official's Notice of Cessation of Full-
Time School Attendance, is used by a school to notify the RRB that a
student has ceased full-time school attendance. The RRB proposes no
changes to Forms G-315, G-315A, or G-315A.1.
Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
Annual
Form No. responses Time (minutes) Burden (hours)
----------------------------------------------------------------------------------------------------------------
G-315........................................................... 860 15 215
G-315A.......................................................... 20 3 1
G-315A.1........................................................ 20 2 1
-----------------------------------------------
Total....................................................... 900 .............. 217
----------------------------------------------------------------------------------------------------------------
5. Title and purpose of information collection: Gross Earnings
Report; OMB 3220-0132.
In order to carry out the financial interchange provisions of
Section 7(c)(2) of the Railroad Retirement Act (RRA) (45 U.S.C. 231f),
the RRB obtains annually from railroad employer's the gross earnings
for their employees on a one-percent basis, i.e., 1% of each employer's
railroad employees. The gross earnings sample is based on the earnings
of employees whose social security numbers end with the digits ``30.''
The gross earnings are used to compute payroll taxes under the
financial interchange.
The gross earnings information is essential in determining the tax
amounts involved in the financial interchange with the Social Security
Administration and Centers for Medicare & Medicaid Services. Besides
being necessary for current financial interchange calculations, the
gross earnings file tabulations are also an integral part of the data
needed to estimate future tax income and corresponding financial
interchange amounts. These estimates are made for internal use and to
satisfy requests from other government agencies and interested groups.
In addition, cash flow projections of the social security equivalent
benefit account, railroad retirement account and cost estimates made
for proposed amendments to laws administered by the RRB are dependent
on input developed from the information collection.
The RRB utilizes Form BA-11 to obtain gross earnings information
from railroad employers. Employers have the option of preparing and
submitting BA-11 reports online via the RRB's Employer Reporting System
or on paper (or in like format) by File Transfer Protocol (FTP) or
secure Email. The online BA-11 includes the option to file a ``negative
report'' (no employees, or no employees with the digits ``30'').
Completion is mandatory. One response is requested of each respondent.
The RRB proposes no changes to Form BA-11.
[[Page 75002]]
Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
Annual
Form No. responses Time (minutes) Burden (hours)
----------------------------------------------------------------------------------------------------------------
BA-11 CD-ROM.................................................... 0 30 0
BA-11 File Transfer Protocol.................................... 20 300 100
BA-11 Secure Email.............................................. 1 30 1
BA-11 (Internet)--Positive...................................... 150 30 75
BA-11 (Internet)--Negative...................................... 318 15 80
-----------------------------------------------
Total....................................................... 489 .............. 256
----------------------------------------------------------------------------------------------------------------
6. Title and purpose of information collection: Railroad Separation
Allowance or Severance Pay Report; OMB 3220-0173.
Section 6 of the Railroad Retirement Act (45 U.S.C. 231e) provides
for a lump-sum payment to an employee or the employee's survivors equal
to the Tier II taxes paid by the employee on a separation allowance or
severance payment for which the employee did not receive credits toward
retirement. The lump-sum is not payable until retirement benefits begin
to accrue or the employee dies. Also, Section 4 (a-1) (iii) (45 U.S.C.
231c) of the Railroad Unemployment Insurance Act provides that a
railroad employee who is paid a separation allowance is disqualified
for unemployment and sickness benefits for the period of time the
employee would have to work to earn the amount of the allowance. The
reporting requirements are specified in 20 CFR 209.14.
In order to calculate and provide payments, the Railroad Retirement
Board (RRB) must collect and maintain records of separation allowances
and severance payments which were subject to Tier II taxation from
railroad employers. The RRB uses Form BA-9, Report of Separation
Allowance or Severance Pay, to obtain information from railroad
employers concerning the separation allowances and severance payments
made to railroad employees and/or the survivors of railroad employees.
Employers currently have the option of submitting their reports on
paper Form BA-9, (or in like format) on a CD-ROM, or by File Transfer
Protocol (FTP), or Secure Email. Completion is mandatory. One response
is requested of each respondent. The RRB proposes no changes to the
manual, CD-ROM, secure email, or FTP Version of Form BA-9. The RRB
proposes no changes from BA-9 (Internet).
Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
Annual
Form No. responses Time (minutes) Burden (hours)
----------------------------------------------------------------------------------------------------------------
BA-9 (Paper).................................................... 100 76 127
BA-9 (Internet)................................................. 215 15 54
BA-9 (CD-ROM)................................................... 10 76 13
BA-9 (Secure Email)............................................. 25 76 32
BA-9 (FTP)...................................................... 10 76 13
-----------------------------------------------
Total....................................................... 360 .............. 239
----------------------------------------------------------------------------------------------------------------
7. Title and purpose of information collection: Annual Earnings
Questionnaire for Annuitants in Last Pre-Retirement Non-Railroad
Employment; OMB 3220-0179.
Under Section 2(e)(3) of the Railroad Retirement Act (RRA) (45
U.S.C. 231a), an annuity is not payable for any month in which a
beneficiary works for a railroad. In addition, an annuity is reduced
for any month in which the beneficiary works for an employer other than
a railroad employer and earns more than a prescribed amount. Under the
1988 amendments to the RRA, the Tier II portion of the regular annuity
and any supplemental annuity must be reduced by one dollar for each two
dollars of Last Pre-Retirement Non-Railroad Employment (LPE) earnings
for each month of such service. However, the reduction cannot exceed 50
percent of the Tier II and supplemental annuity amount for the month to
which such deductions apply. The LPE generally refers to an annuitant's
last employment with a non-railroad person, company, or institution
prior to retirement, which was performed at the same time as railroad
employment or after the annuitant stopped railroad employment. The
collection obtains earnings information needed by the RRB to determine
if possible reductions in annuities are in order due to LPE.
The RRB utilizes Form G-19L, Annual Earnings Questionnaire, to
obtain LPE earnings information from annuitants. One response is
requested of each respondent. Completion is required to retain a
benefit. The RRB proposes minor changes to update the office hours on
Form G-19L.
Estimate of Annual Respondent Burden
----------------------------------------------------------------------------------------------------------------
Annual
Form No. responses Time (minutes) Burden (hours)
----------------------------------------------------------------------------------------------------------------
G-19L........................................................ 300 15 75
----------------------------------------------------------------------------------------------------------------
[[Page 75003]]
Additional Information or Comments: To request more information or
to obtain a copy of the information collection justification, forms,
and/or supporting material, contact Kennisha Money at (312) 469-2591 or
[email protected]. Comments regarding the information collection
should be addressed to Brian Foster, Railroad Retirement Board, 844
North Rush Street, Chicago, Illinois 60611-1275 or emailed to
[email protected]. Written comments should be received within 60
days of this notice.
Brian D. Foster,
Clearance Officer.
[FR Doc. 2024-20854 Filed 9-12-24; 8:45 am]
BILLING CODE 7905-01-P
