28304 Federal Register / Vol. 75, No. 97 / Thursday, May 20, 2010 / Notices 

or send an e-mail to 

darlene.wright@nrc.gov. 

Dated: May 17, 2010. 

Rochelle C. Bavol, 

Office of the Secretary. 

[FR Doc. 2010–12224 Filed 5–18–10; 11:15 am] 

BILLING CODE 7590–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Proposed Submission of Information 

Collection for OMB Review; Comment 

Request; Payment of Premiums 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Notice of intention to request 

extension of OMB approval of revised 

collection of information. 

SUMMARY: The Pension Benefit Guaranty 

Corporation (PBGC) is modifying the 

collection of information under Part 

4007 of its regulation on Payment of 

Premiums (OMB control number 1212– 

0007; expires April 30, 2011) and 

intends to request that the Office of 

Management and Budget (OMB) extend 

approval of the collection of information 

under the Paperwork Reduction Act for 

three years. This notice informs the 

public of PBGC’s intent and solicits 

public comment on the collection of 

information. 

DATES: Comments must be submitted by 

July 19, 2010. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the Web 

site instructions for submitting 

comments. 

• E-mail: reg.comments@pbgc.gov. 

• Fax: 202–326–4224. 

• Mail or Hand Delivery: Legislative 

and Regulatory Department, Pension 

Benefit Guaranty Corporation, 1200 K 

Street, NW., Washington, DC 20005– 

4026. 

Comments received, including personal 

information provided, will be posted to 

http://www.pbgc.gov. 

Copies of the collection of 

information and comments may be 

obtained without charge by writing to 

the Disclosure Division, Office of 

General Counsel, at the above address or 

by visiting the Disclosure Division or 

calling 202–326–4040 during normal 

business hours. (TTY/TDD users may 

call the Federal relay service toll-free at 

1–800–877–8339 and ask to be 

connected to 202–326–4040.) The 

premium payment regulation and the 

premium instructions (including 

illustrative forms) for 2010 and prior 

years can be accessed on PBGC’s Web 

site at http://www.pbgc.gov. 

FOR FURTHER INFORMATION CONTACT: 

James Bloch, Program Analyst, 

Legislative and Policy Division, or 

Catherine B. Klion, Manager, Regulatory 

and Policy Division, Legislative and 

Regulatory Department, Pension Benefit 

Guaranty Corporation, 1200 K Street, 

NW., Washington, DC 20005–4026; 202– 

326–4024. (TTY/TDD users may call the 

Federal relay service toll-free at 1–800– 

877–8339 and ask to be connected to 

202–326–4024.) 

SUPPLEMENTARY INFORMATION: Section 

4007 of Title IV of the Employee 

Retirement Income Security Act of 1974 

(ERISA) requires pension plans covered 

under Title IV pension insurance 

programs to pay premiums to PBGC. 

Pursuant to section 4007, PBGC has 

issued its regulation on Payment of 

Premiums (29 CFR part 4007). Under 

§ 4007.3 of the premium payment 

regulation, plan administrators are 

required to file premium payments and 

information prescribed by PBGC. 

Premium information must be filed 

electronically using ‘‘My Plan 

Administration Account’’ (‘‘My PAA’’) 

through PBGC’s Web site except to the 

extent PBGC grants an exemption for 

good cause in appropriate 

circumstances, in which case the 

information must be filed using an 

approved PBGC form. The plan 

administrator of each pension plan 

covered by Title IV of ERISA is required 

to submit one or more premium filings 

for each premium payment year. Under 

§ 4007.10 of the premium payment 

regulation, plan administrators are 

required to retain records about 

premiums and information submitted in 

premium filings. 

PBGC needs information from 

premium filings to identify the plans for 

which premiums are paid, to verify 

whether the amounts paid are correct, to 

help PBGC determine the magnitude of 

its exposure in the event of plan 

termination, to help track the creation of 

new plans and transfer of participants 

and plan assets and liabilities among 

plans, and to keep PBGC’s insured-plan 

inventory up to date. That information 

and the retained records are also needed 

for audit purposes. 

All plans covered by Title IV of 

ERISA pay a flat-rate per-participant 

premium. An underfunded singleemployer plan also pays a variable-rate 

premium based on the value of the 

plan’s unfunded vested benefits. 

Large-plan filers (i.e., plans that were 

required to pay premiums for 500 or 

more participants for the prior plan 

year) are required to pay PBGC’s flatrate premium early in the premium 

payment year. Because the participant 

count often is not available until late in 

the premium payment year, PBGC 

permits filers to make an ‘‘Estimated 

flat-rate premium filing.’’ 

All plans are required to make a 

‘‘Comprehensive premium filing.’’ 

Comprehensive filings are used to report 

(i) the flat-rate premium and related 

data (all plans), (ii) the variable-rate 

premium and related data (singleemployer plans), and (iii) additional 

data such as identifying information and 

miscellaneous plan-related or filingrelated data (all plans). For large plans, 

the Comprehensive filing also serves to 

reconcile an estimated flat-rate premium 

paid earlier in the year. 

PBGC intends to revise the 2011 filing 

instructions to: 

• Remove references to a transition 

rule in section 430 of the Internal 

Revenue Code that no longer applies. 

• Remove instructions about the 

credit card payment option for premium 

payments, which is being eliminated 

because of low usage. 

• Clarify that if a plan has been frozen 

more than once, a filer should report the 

most recent date that the plan became 

closed to new entrants. These 

instructions parallel the benefit-accrualfreeze instructions. 

• Make other minor changes. 

PBGC intends to revise the 2012 filing 

instructions to require plans using the 

alternative premium funding target to 

report the ‘‘effective interest rate’’ 

(defined in section 430(h) of the Internal 

Revenue Code). PBGC will use this 

information to update its annual 

contingency list and financial 

statements more timely and accurately. 

PBGC is not making this change until 

2012 to provide time to modify its 

premium accounting system to handle 

the new data element. 

The collection of information under 

the regulation has been approved 

through April 30, 2011, by OMB under 

control number 1212–0007. PBGC 

intends to request that OMB extend 

approval of the collection of information 

(with modifications) for another three 

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 it will receive 

34,300 premium filings per year from 

28,500 plan administrators under this 

collection of information. PBGC further 

estimates that the average annual 

burden of this collection of information 

is 9,000 hours and $59,960,000. 


wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1
Federal Register / Vol. 75, No. 97 / Thursday, May 20, 2010 / Notices 28305 

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. 

Issued in Washington, DC, this 14th day of 

May 2010. 

John H. Hanley, 

Director, Legislative and Regulatory 

Department, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2010–12121 Filed 5–19–10; 8:45 am] 

BILLING CODE 7709–01–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

[OMB Control No. 3206–0136; SF 2823] 

Proposed Collection; Request for 

Comments on a Revised Information 

Collection 

AGENCY: Office of Personnel 

Management. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 (Pub. 

L. 104–13, May 22, 1995), this notice 

announces that the Office of Personnel 

Management (OPM) intends to submit to 

the Office of Management and Budget 

(OMB) a request for comments on a 

revised information collection. This 

information collection, ‘‘Designation of 

Beneficiary: Federal Employees’ Group 

Life Insurance,’’ (OMB Control No. 

3206–0136; SF 2823), is used by any 

Federal employee or retiree covered by 

the Federal Employees’ Group Life 

Insurance Program to instruct the Office 

of Federal Employees’ Group Life 

Insurance how to distribute the 

proceeds of his or her life insurance 

when the statutory order of precedence 

does not meet his or her needs. 

Comments are particularly invited on: 

Whether this collection of information 

is necessary for the proper performance 

of functions of the Office of Personnel 

Management, and whether it will have 

practical utility; whether our estimate of 

the public burden of this collection of 

information is accurate, and based on 

valid assumptions and methodology; 

and ways in which we can minimize the 

burden of the collection of information 

on those who are to respond, through 

the use of appropriate technological 

collection techniques or other forms of 

information technology. 

Approximately 47,000 SF 2823 forms 

are completed annually by annuitants 

and 1,000 forms are completed by 

assignees. Each form takes 

approximately 5 minutes to complete. 

The annual estimated burden is 12,000 

hours. 

For copies of this proposal, contact 

Cyrus S. Benson on (202) 606–4808, 

FAX (202) 606–0910 or via e-mail to 

Cyrus.Benson@opm.gov. Please include 

a mailing address with your request. 

DATES: Comments on this proposal 

should be received within 60 calendar 

days from the date of this publication. 

ADDRESSES: Send or deliver comments 

to—Christopher N. Meuchner, Program 

Analysis Officer, FSA, Life & Long Term 

Care, Retirement and Benefits, 

Insurance Operations, U.S. Office of 

Personnel Management, 1900 E Street, 

NW., Room 2H22, Washington, DC 

20415–3661. 

For information regarding 

administrative coordination contact: 

Cyrus S. Benson, Team Leader, 

Publications Team, RB/RM/ 

Administrative Services, (202) 606– 

4808. 

U.S. Office of Personnel Management. 

John Berry, 

Director. 

[FR Doc. 2010–12129 Filed 5–19–10; 8:45 am] 

BILLING CODE 6325–38–P 

OFFICE OF PERSONNEL 

MANAGEMENT 

[OMB Control No. 3206–0233; Form RI 25– 

51] 

Proposed Collection; Request for 

Comments on a Revised Information 

Collection: 

AGENCY: Office of Personnel 

Management. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 (Pub. 

L. 104–13, May 22, 1995 and 5 CFR part 

1320), this notice announces that the 

Office of Personnel Management (OPM) 

intends to submit to the Office of 

Management and Budget (OMB) a 

request for comments on a revised 

information collection. This information 

collection, ‘‘Civil Service Retirement 

System (CSRS) Survivor Annuitant 

Express Pay Application for Death 

Benefits’’ (OMB Control No. 3206–0233; 

Form RI 25–51), will be used by the 

Civil Service Retirement System solely 

to pay benefits to the widow(er) of an 

annuitant. This application is intended 

for use in immediately authorizing 

payments to an annuitant’s widow or 

widower, based on the report of death, 

when our records show the decedent 

elected to provide benefits for the 

applicant. 

Comments are particularly invited on: 

Whether this collection of information 

is necessary for the proper performance 

of functions of the Office of Personnel 

Management, and whether it will have 

practical utility; whether our estimate of 

the public burden of this collection of 

information is accurate, and based on 

valid assumptions and methodology; 

and ways in which we can minimize the 

burden of the collection of information 

on those who are to respond, through 

the use of appropriate technological 

collection techniques or other forms of 

information technology. 

Approximately 34,800 RI 25–51 forms 

are completed annually. The form takes 

approximately 30 minutes to complete. 

The annual estimated burden is 17,400 

hours. For copies of this proposal, 

contact Cyrus S. Benson (202) 606– 

4808, FAX (202) 606–0910 or E-mail to 

Cyrus.Benson@opm.gov. Please include 

your mailing address with your request. 

DATES: Comments on this proposal 

should be received within 60 calendar 

days from the date of this publication. 

ADDRESSES: Send or deliver comments 

to—James K. Freiert (Acting), Deputy 

Associate Director, Retirement 

Operations, Retirement and Benefits, 

U.S. Office of Personnel Management, 

1900 E Street, NW., Room 3305, 

Washington, DC 20415–3500. 

For information regarding 

administrative coordination contact: 

Cyrus S. Benson, Team Leader, 

Publications Team, RB/RM/ 

Administrative Services, U.S. Office of 

Personnel Management, 1900 E Street, 

NW., Room 4H28, Washington, DC 

20415, (202) 606–4808. 

U.S. Office of Personnel Management. 

John Berry, 

Director. 

[FR Doc. 2010–12127 Filed 5–19–10; 8:45 am] 

BILLING CODE 6325–38–P 


wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1