37598 Federal Register / Vol. 78, No. 120 / Friday, June 21, 2013 / Notices 

1ERISA section 3(34) defines both ‘‘individual 

account plan’’ and ‘‘defined contribution plan’’ as 

‘‘a pension plan which provides for an individual 

account for each participant and for benefits based 

solely upon the amount contributed to the 

participant’s account, and any income, expenses, 

gains and losses, and any forfeitures of accounts of 

other participants which may be allocated to such 

participant’s account.’’ 

Dated: June 14, 2013. 

Kathy Weaver, 

Acting Chief, Technical Support Branch, 

Advisory Committee on Reactor Safeguards. 

[FR Doc. 2013–14933 Filed 6–20–13; 8:45 am] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISSION 

Advisory Committee on Reactor 

Safeguards (ACRS); Meeting of the 

ACRS Subcommittee on Plant 

Operations and Fire Protection; Notice 

of Meeting 

The ACRS Subcommittee on Plant 

Operations and Fire Protection will hold 

a meeting on July 24, 2013, at the U.S. 

NRC Region I Office, 2100 Renaissance 

Blvd., Suite 100, King of Prussia, PA 

19406–2713. 

The meeting will be open to public 

attendance. 

The agenda for the subject meeting 

shall be as follows: 

Wednesday, July 24, 2013—8:15 a.m. 

Until 12:00 p.m. 

The Subcommittee will meet with 

Region I staff to discuss items of mutual 

interest. The Subcommittee will hear 

presentations by and hold discussions 

with representatives of the NRC staff 

and other interested persons regarding 

this matter. The Subcommittee will 

gather information, analyze relevant 

issues and facts, and formulate 

proposed positions and actions, as 

appropriate, for deliberation by the Full 

Committee. 

Members of the public desiring to 

provide oral statements and/or written 

comments should notify the Designated 

Federal Official (DFO), Quynh Nguyen 

(Telephone 301–415–5844 or Email: 

Quynh.Nguyen@nrc.gov) five days prior 

to the meeting, if possible, so that 

appropriate arrangements can be made. 

Thirty-five hard copies of each 

presentation or handout should be 

provided to the DFO thirty minutes 

before the meeting. In addition, one 

electronic copy of each presentation 

should be emailed to the DFO one day 

before the meeting. If an electronic copy 

cannot be provided within this 

timeframe, presenters should provide 

the DFO with a CD containing each 

presentation at least thirty minutes 

before the meeting. Electronic 

recordings will be permitted only 

during those portions of the meeting 

that are open to the public. Detailed 

procedures for the conduct of and 

participation in ACRS meetings were 

published in the Federal Register on 

October 18, 2012, (77 FR 64146–64147). 

Detailed meeting agendas and meeting 

transcripts are available on the NRC 

Web site at http://www.nrc.gov/readingrm/doc-collections/acrs. Information 

regarding topics to be discussed, 

changes to the agenda, whether the 

meeting has been canceled or 

rescheduled, and the time allotted to 

present oral statements can be obtained 

from the Web site cited above or by 

contacting the identified DFO. 

Moreover, in view of the possibility that 

the schedule for ACRS meetings may be 

adjusted by the Chairman as necessary 

to facilitate the conduct of the meeting, 

persons planning to attend should check 

with these references if such 

rescheduling would result in a major 

inconvenience. 

Dated: June 12, 2013. 

Antonio Dias, 

Technical Advisor, Advisory Committee on 

Reactor Safeguards. 

[FR Doc. 2013–14928 Filed 6–20–13; 8:45 am] 

BILLING CODE 7590–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Missing Participants in Individual 

Account Plans 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Request for information. 

SUMMARY: PBGC is soliciting 

information from the public to assist it 

in making decisions about 

implementing a new program to deal 

with benefits of missing participants in 

terminating individual account plans. 

PBGC is interested in stakeholders’ 

views on topics such as the extent of the 

demand for such a program, the demand 

for a database of missing participants, 

the availability of private-sector missing 

participant services, potential program 

costs and fees, electronic filing, and the 

contours of diligent search 

requirements. 

DATES: Comments must be received on 

or before August 20, 2013. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Federal eRulemaking Portal: 

www.regulations.gov. Follow the Web 

site instructions for submitting 

comments. 

• Email: reg.comments@pbgc.gov. 

• Fax: 202–326–4220. 

• Mail or Hand Delivery: Office of the 

General Counsel, Pension Benefit 

Guaranty Corporation, 1200 K Street 

NW., Washington, DC 20005–4026. 

Comments received, including personal 

information provided, will be posted to 

www.pbgc.gov. Copies of comments may 

also be obtained by writing to 

Disclosure Division, Office of the 

General Counsel, Pension Benefit 

Guaranty Corporation, 1200 K Street 

NW., Washington, DC 20005–4026 or 

calling 202–326–4040 during normal 

business hours. (TTY and TDD users 

may call the Federal relay service tollfree at 1–800–877–8339 and ask to be 

connected to 202–326–4040.) 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Assistant General 

Counsel, Office of the General Counsel, 

Pension Benefit Guaranty Corporation, 

Suite 12300, 1200 K Street NW., 

Washington, DC 20005–4026, 

klion.catherine@pbgc.gov or 202–326– 

4024. (For TTY–TTD users, call the 

Federal relay service toll-free at 1–800– 

877–8339 and ask to be connected to 

202–326–4024.) 

SUPPLEMENTARY INFORMATION: Before the 

Pension Protection Act of 2006, section 

4050 of the Employee Retirement 

Income Security Act (ERISA) required 

the Pension Benefit Guaranty 

Corporation (PBGC) to operate (and 

pension plans to use) a missing 

participants program limited to singleemployer plans covered by title IV of 

ERISA. The Pension Protection Act of 

2006 amended section 4050 to provide 

for a similar mandatory program for 

covered multiemployer plans and an 

optional program for non-covered plans, 

both individual account plans (defined 

contribution plans) 1 and defined benefit 

plans not covered by title IV. It also 

authorized PBGC to require non-covered 

plans to submit information to PBGC 

about missing participants’ benefits. 

Before making decisions about 

implementing a missing participants 

program for terminating individual 

account plans (which represent the vast 

majority of non-covered plans), PBGC 

requires an understanding of the 

demand for such a program and how 

that demand might be affected by fees, 

minimum benefit requirements, and 

information requirements, measured 

against private providers of similar 

services. 

PBGC has made some efforts to 

conduct research in this area by 

contacting financial institutions, plan 

recordkeeping service providers, 


TKELLEY on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 78, No. 120 / Friday, June 21, 2013 / Notices 37599 

2PBGC is developing amendments to its current 

missing participants regulation (29 CFR part 4050) 

to implement the mandatory multiemployer 

program and to improve the existing singleemployer program, regardless of what decisions are 

made about the optional programs for non-covered 

plans. 

companies that provide benefit 

processing services, and sponsors of 

terminated individual account plans, 

but found it difficult to draw useful 

conclusions from these contacts. In 

addition, PBGC wants input reflecting 

participant interests. Accordingly PBGC 

is issuing this request for information.2

Request for Information 

PBGC is soliciting information from 

the public on issues related to missing 

participants in terminating individual 

account plans. PBGC seeks comments 

on any and all relevant issues, including 

the following: 

• For pension consultants: Among 

individual account plans that you are 

familiar with, what proportion has 

participants they cannot find? Among 

such plans, what is the average number 

of participants the plan cannot find? In 

your experience, what is the average 

account balance, and what is the range 

of account balances, for participants that 

cannot be found? 

• What if any services for missing 

participants in individual account plans 

are unavailable in the competitive 

private marketplace (for example, 

handling very small benefits or QJSA 

benefits)? Why are they unavailable (for 

example, because it is not cost-effective 

to provide them)? 

• If PBGC provided services for 

missing participants’ accounts in 

terminating individual account plans 

that were comparable to the services 

provided by the private sector and 

charged comparable fees, would you be 

likely to choose the PBGC program or 

the private sector program and why? 

Would it make a difference if PBGC 

provided a narrower range of services 

than typical private-sector providers? 

• How would individual account 

plans’ choice to use a PBGC missing 

participants program for such plans— 

rather than a private-sector service—be 

affected by (1) The level of fees PBGC 

might charge, (2) the minimum benefit 

size PBGC might accept, (3) optional or 

mandatory electronic filing, and (4) 

other possible program features? 

• What impact would a PBGC missing 

participants program for individual 

account plans have on private-sector 

benefit processing firms? 

• How would you view the value 

(such as convenience and reliability) of 

a single database of missing 

participants’ benefits in terminated 

individual account plans, maintained by 

PBGC, compared to the burden on plans 

to provide the data and the burden on 

PBGC to maintain the database? How 

would the comparison change if plan 

reporting of data were voluntary rather 

than mandatory, making the database 

less comprehensive? What information 

should be in the database? 

• ERISA section 4050(b)(2) defines a 

missing participant as ‘‘a participant or 

beneficiary under a terminating plan 

whom the plan administrator cannot 

locate after a diligent search.’’ What 

‘‘diligent search’’ requirements should 

apply for individual account plans? 

Should PBGC offer diligent search 

services for a fee or post on its Web site 

the names of private sector companies 

that provide diligent search services? 

• What special concerns do small 

plans or their sponsors or participants 

have regarding the treatment of missing 

participants in individual account 

plans? 

In addressing these issues, to the extent 

possible, commenters are requested to 

provide quantitative as well as 

qualitative support or analysis where 

applicable. 

Issued in Washington, DC, this 17th day of 

June 2013. 

Joshua Gotbaum, 

Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2013–14834 Filed 6–20–13; 8:45 am] 

BILLING CODE 7709–01–P 

RAILROAD RETIREMENT BOARD 

Sunshine Act; Notice of Public Meeting 

Notice is hereby given that the 

Railroad Retirement Board will hold a 

meeting on June 27, 2013, 10:00 a.m. at 

the Board’s meeting room on the 8th 

floor of its headquarters building, 844 

North Rush Street, Chicago, Illinois 

60611. The agenda for this meeting is as 

follows: 

Portion open to the public: 

(1) Disability Annuities 

The person to contact for more 

information is Martha P. Rico, Secretary 

to the Board, Phone No. 312–751–4920. 

Dated: June 18, 2013. 

Martha P. Rico, 

Secretary to the Board. 

[FR Doc. 2013–14973 Filed 6–19–13; 11:15 am] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 206(4)–7, OMB Control No. 3235– 

0585, SEC File No. 270–523. 

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 (the 

‘‘Commission’’) has submitted to the 

Office of Management and Budget 

(‘‘OMB’’) a request for extension of the 

previously approved collection of 

information discussed below. 

The title for the collection of 

information is ‘‘Investment Advisers Act 

rule 206(4)–7 (17 CFR 275.206(4)–7), 

Compliance procedures and practices.’’ 

Rule 206(4)–7 requires each investment 

adviser registered with the Commission 

to (i) Adopt and implement internal 

compliance policies and procedures, (ii) 

review those policies and procedures 

annually, (iii) designate a chief 

compliance officer, and (iv) maintain 

certain compliance records. Rule 

206(4)–7 is designed to protect investors 

by fostering better compliance with the 

securities laws. The collection of 

information under rule 206(4)–7 is 

necessary to assure that investment 

advisers maintain comprehensive 

internal programs that promote the 

advisers’ compliance with the 

Investment Advisers Act of 1940. The 

information collection in the rule also 

assists the Commission’s examination 

staff in assessing the adequacy advisers’ 

compliance programs. This collection of 

information is found at 17 CFR 

275.206(4)–7 and is mandatory. 

The information documented 

pursuant to rule 206(4)–7 is reviewed by 

the Commission’s examination staff; it 

will be accorded the same level of 

confidentiality accorded to other 

responses provided to the Commission 

in the context of its examination and 

oversight program. 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 respondents to this information 

collection are investment advisers 

registered with the Commission. Our 

latest data indicate that there were 

10,773 advisers registered with the 

Commission as of February 1, 2013. The 

Commission has estimated that 


TKELLEY on DSK3SPTVN1PROD with NOTICES