Federal Register / Vol. 89, No. 23 / Friday, February 2, 2024 / Notices 7419 

1See Docket No. RM2018–3, Order Adopting 

Final Rules Relating to Non-Public Information, 

June 27, 2018, Attachment A at 19–22 (Order No. 

4679). 

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 

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 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: 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. 

DATES: Comments are due: February 6, 

2024. 

ADDRESSES: Submit comments 

electronically via the Commission’s 

Filing Online system at http://

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: 

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 (http://

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) 


khammond on DSKJM1Z7X2PROD with NOTICES
7420 Federal Register / Vol. 89, No. 23 / Friday, February 2, 2024 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 15 U.S.C. 78a. 

3 17 CFR 240.19b–4. 

4The Exchange originally filed to amend the Fee 

Schedule on January 2, 2024 (NYSEArca–2023–90) 

[sic] and withdrew such filing on January 12, 2024 

(SR–NYSEArca–2024–07) [sic], which latter filing 

the Exchange withdrew on January 25, 2024. 5See Fee Schedule, Floor Broker Fixed Cost 

Prepayment Incentive Program (the ‘‘FB Prepay 

Program’’). The Exchange notes that the FB Prepay 

Program is currently structured similarly to the 

Floor Broker prepayment program offered by its 

affiliated exchange, NYSE American LLC (‘‘NYSE 

American’’). 

6See Fee Schedule, FB Prepay Program, endnote 

17 (providing in relevant part that ‘‘Submitting 

Broker QCC credits and Floor Broker rebates earned 

through the Manual Billable Rebate Program shall 

not combine to exceed $2,500,000 per month per 

firm’’). A ‘‘Submitting Broker QCC credit’’ is 

available to any broker submitting a QCC 

transaction to the Exchange (a ‘‘Submitting 

Broker’’), whether the broker is a Floor Broker on 

the Trading Floor or a broker that enters orders 

electronically through an interface with the 

Exchange. The Exchange provides a ($0.22) per 

contract credits to Submitting Brokers for NonCustomer vs. Non-Customer QCC transactions and 

a ($0.16) per contract credit to Submitting Brokers 

for Customer vs. Non-Customer QCC transactions. 

See Fee Schedule, NYSE Arca OPTIONS: TRADERELATED CHARGES FOR STANDARD OPTIONS, 

QUALIFIED CONTINGENT CROSS (‘‘QCC’’) 

TRANSACTION FEES AND CREDITS. 

7See Fee Schedule, FB Prepay Program 

(providing, in relevant part, that the notification 

‘‘email to enroll in the Program must originate from 

an officer of the Floor Broker organization and, 

except as provided for below, represents a binding 

commitment through the end of the following 

calendar year.’’). The Exchange proposes to modify 

Section III.E. [sic] of the Fee Schedule to remove the 

now obsolete phrase ‘‘except as provided for 

below,’’ as there is no exception to the notification 

requirement, which modification will add clarity, 

transparency, and internal consistency to the Fee 

Schedule. See proposed Fee Schedule, FB Prepay 

Program. 

that the Postal Service states concern 

Competitive product(s), applicable 

statutory and regulatory requirements 

include 39 U.S.C. 3632, 39 U.S.C. 3633, 

39 U.S.C. 3642, 39 CFR part 3035, and 

39 CFR part 3040, subpart B. Comment 

deadline(s) for each request appear in 

section II. 

II. Docketed Proceeding(s) 

1. Docket No(s).: MC2024–169 and 

CP2024–175; Filing Title: USPS Request 

to Add Priority Mail & USPS Ground 

Advantage Contract 176 to Competitive 

Product List and Notice of Filing 

Materials Under Seal; Filing Acceptance 

Date: January 29, 2024; Filing Authority: 

39 U.S.C. 3642, 39 CFR 3040.130 

through 3040.135, and 39 CFR 3035.105; 

Public Representative: Samuel 

Robinson; Comments Due: February 6, 

2024. 

This Notice will be published in the 

Federal Register. 

Jennie L. Jbara, 

Alternate Certifying Officer. 

[FR Doc. 2024–02105 Filed 2–1–24; 8:45 am] 

BILLING CODE 7710–FW–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–99440; File No. SR– 

NYSEARCA–2024–10] 

Self-Regulatory Organizations; NYSE 

Arca, Inc.; Notice of Filing and 

Immediate Effectiveness of Proposed 

Rule Change To Modify the NYSE Arca 

Options Fee Schedule 

January 29, 2024. 

Pursuant to section 19(b)(1) 1 of the 

Securities Exchange Act of 1934 

(‘‘Act’’) 2 and Rule 19b–4 thereunder,3

notice is hereby given that, on January 

25, 2024, NYSE Arca, Inc. (‘‘NYSE 

Arca’’ or the ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(the ‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the self-regulatory organization. The 

Commission is publishing this notice to 

solicit comments on the proposed rule 

change from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange proposes to modify the 

NYSE Arca Options Fee Schedule (‘‘Fee 

Schedule’’) regarding the Floor Broker 

Fixed Cost Prepayment Incentive 

Program (the ‘‘FB Prepay Program’’). 

The Exchange proposes to implement 

the fee change effective January 25, 

2024.4 The proposed rule change is 

available on the Exchange’s website at 

www.nyse.com, at the principal office of 

the Exchange, and at the Commission’s 

Public Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

self-regulatory organization included 

statements concerning the purpose of, 

and basis for, the proposed rule change 

and discussed any comments it received 

on the proposed rule change. The text 

of those statements may be examined at 

the places specified in Item IV below. 

The Exchange has prepared summaries, 

set forth in sections A, B, and C below, 

of the most significant parts of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and the 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The purpose of this filing is to amend 

the Fee Schedule to modify the FB 

Prepay Program. The Exchange proposes 

to implement the rule change on 

January 25, 2024. 

The FB Prepay Program is a 

prepayment incentive program that 

allows Floor Brokers to prepay certain 

of their annual Eligible Fixed Costs in 

exchange for volume rebates. 

Participating Floor Brokers receive their 

monthly rebate amount on a monthly 

basis.5 All Floor Brokers that participate 

in the FB Prepay Program are eligible for 

a rebate on manual billable volume of 

($0.08) per billable side, payable on a 

monthly basis. In addition, FB Prepay 

Program participants that achieve more 

than 500,000 billable sides in a month 

are eligible for an additional rebate of 

($0.02) per billable side. The additional 

($0.02) is retroactive to the first billable 

side. Manual billable volume includes 

transactions for which at least one side 

is subject to manual transaction fees and 

excludes QCCs. Any volume calculated 

to achieve the Limit of Fees on Options 

Strategy Executions (‘‘Strategy Cap’’), 

regardless of whether this cap is 

achieved, is likewise excluded from the 

Manual Billable Rebate Program because 

fees on such volume are already capped 

and therefore such volume does not 

increase billable manual volume. The 

Exchange notes that it places a 

$2,000,000 per firm, monthly maximum 

limit on the rebates earned through the 

Manual Billable Rebate Program when 

combined with ‘‘Submitting Broker QCC 

Credits.’’ 6

Floor Brokers that wish to participate 

in the FB Prepay Program for the 

following calendar year must notify the 

Exchange no later than the last business 

day of December in the current year.7

The Exchange does not issue any 

refunds in the event that a Floor Broker 

organization’s prepaid Eligible Fixed 

Costs exceeds actual costs. 

The Exchange proposes to modify the 

FB Prepay Program as follows. First, the 

Exchange proposes to increase the 

maximum allowable combined 

Submitting Broker QCC credits and 

Floor Broker rebates earned through the 

Manual Billable Rebate Program (the 

‘‘Maximum Combined Rebate/Credit’’) 

to $2,500,000 per month per firm, an 

increase from the current maximum of 

$2,000,000. The proposed increase is 

designed to encourage Floor Broker 

firms to continue to direct transactions 

to the Exchange, despite increasing 

industry volumes making it less difficult 

to attain the maximum rebate. 

Next, the Exchange proposes to 

modify the FB Prepay Program to 


khammond on DSKJM1Z7X2PROD with NOTICES