[Federal Register Volume 89, Number 189 (Monday, September 30, 2024)]
[Notices]
[Pages 79513-79514]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22365]


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DEPARTMENT OF COMMERCE

Census Bureau


Agency Information Collection Activities; Submission to the 
Office of Management and Budget (OMB) for Review and Approval; Comment 
Request; Quarterly Survey of Public Pensions

    The Department of Commerce will submit the following information 
collection request to the Office of Management and Budget (OMB) for 
review and clearance in accordance with the Paperwork Reduction Act of 
1995, on or after the date of publication of this notice. We invite the 
general public and other Federal agencies to comment on proposed, and 
continuing information collections, which helps us assess the impact of 
our information collection requirements and minimize the public's 
reporting burden. Public comments were previously requested via the 
Federal Register on June 6, 2024, during a 60-day comment period. This 
notice allows for an additional 30 days for public comments.
    Agency: U.S. Census Bureau, Commerce.
    Title: Quarterly Survey of Public Pensions.
    OMB Control Number: 0607-0143.
    Form Number(s): F-10.
    Type of Request: Regular submission, Request for an Extension, 
without Change, of a Currently Approved Collection.
    Number of Respondents: 100.
    Average Hours per Response: 45 minutes.
    Burden Hours: 300.
    Needs and Uses: The Quarterly Survey of Public Pensions provides a 
rich source of data on public retirement systems administered by state 
and local governments in the United States. Over 4.6 trillion dollars 
in public pension assets in the financial markets are controlled by a 
small number of large retirement systems. The frame for the 2012 Census 
of Governments identified 3,992 public retirement systems administered 
by state and local governments. The 100 largest systems, as measured by 
the system assets,

[[Page 79514]]

account for about 87.2 percent of the total assets of all systems, 
based on the 2012 Census of Governments. The Quarterly Survey of Public 
Pensions is used to collect data on the revenues, expenditures, and 
composition of assets of the 100 largest defined benefit public 
employee pension systems for state and local governments. The panel 
will be updated in 2025 based on the results of the 2022 Census of 
Governments.
    Currently, we are requesting approval to conduct the 2025, 2026 and 
2027 Quarterly Survey of Public Pensions. We are requesting no changes 
to the currently approved information collection form. The Quarterly 
Survey of Public Pensions enables policy makers and economists to focus 
on the asset base of public employee retirement systems while balancing 
respondent burden and data quality and providing a timelier subset of 
the data published in the Annual Survey of Public Pensions.
    This survey was initiated in 1968 at the request of both the 
Council of Economic Advisers and the Federal Reserve Board. The most 
important information this survey provides is the quarterly change in 
composition of the securities holdings of the defined benefit public 
employee retirement systems component of the economy. The Federal 
Reserve Board uses these data to track the public sector portion of the 
Flow of Funds Accounts. Additionally, the data are used by a variety of 
government officials, academics, students, and non-profit organizations 
to analyze trends in public employee retirement and the impact of 
retirement obligations on the fiscal well-being of state and local 
governments.
    The survey provides a focus on the asset composition of the largest 
systems. These data are already produced for existing internal and 
external needs, and most closely align with the needs of the Federal 
Reserve Board. Additionally, the related Annual Survey of Public 
Pensions (0607-0585) will continue to provide a robust collection of 
revenue and benefit data on a fiscal year basis. These data items are 
in demand on an annual basis and are already created for internal and 
external purposes by most systems as they are required items in 
Comprehensive Annual Financial Reports (CAFRs).
    Summary tables of the information collected are released quarterly 
on the internet. Documentation and explanatory materials are also 
available on the internet site here: https://www.census.gov/programs-surveys/qspp.html.
    Frequency: Quarterly.
    Respondent's Obligation: Voluntary.
    Legal Authority: Title 13, U.S.C., Section and 182.
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view the Department of 
Commerce collections currently under review by OMB.
    Written comments and recommendations for the proposed information 
collection should be submitted within 30 days of the publication of 
this notice on the following website www.reginfo.gov/public/do/PRAMain. 
Find this particular information collection by selecting ``Currently 
under 30-day Review--Open for Public Comments'' or by using the search 
function and entering either the title of the collection or the OMB 
Control Number 0607-0143.

Sheleen Dumas,
Department PRA Clearance Officer, Office of the Under Secretary for 
Economic Affairs, Commerce Department.
[FR Doc. 2024-22365 Filed 9-27-24; 8:45 am]
BILLING CODE 3510-07-P