Federal Register / Vol. 79, No. 202 / Monday, October 20, 2014 / Notices 62681 

disabilities where appropriate. If you 

need a reasonable accommodation to 

participate in these public meetings, or 

need this meeting notice or the 

transcript or other information from the 

public meetings in another format (e.g. 

braille, large print), please notify 

Kimberly Meyer, NRC Disability 

Program Manager, at 301–287–0727, by 

videophone at 240–428–3217, or by 

email at Kimberly.Meyer-Chambers@

nrc.gov. Determinations on requests for 

reasonable accommodation will be 

made on a case-by-case basis. 

* * * * * 

Members of the public may request to 

receive this information electronically. 

If you would like to be added to the 

distribution, please contact the Office of 

the Secretary, Washington, DC 20555 

(301–415–1969), or send an email to 

Patricia.Jimenez@nrc.gov or 

Brenda.Akstulewicz@nrc.gov. 

Dated: October 16, 2014. 

Rochelle C. Bavol, 

Policy Coordinator, Office of the Secretary. 

[FR Doc. 2014–24956 Filed 10–16–14; 4:15 pm] 

BILLING CODE 7590–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Proposed Submission of Information 

Collection for OMB Review; Comment 

Request; Annual Reporting (Form 5500 

Series) 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Notice of intention to request 

extension of OMB approval, with 

modifications. 

SUMMARY: The Pension Benefit Guaranty 

Corporation (PBGC) intends to request 

that the Office of Management and 

Budget (OMB) extend approval (with 

modifications), under the Paperwork 

Reduction Act of 1995, of its collection 

of information for Annual Reporting 

(OMB control number 1212–0057, 

expires June 30, 2017). This notice 

informs the public of PBGC’s intent and 

solicits public comment on the 

collection of information. 

DATES: Comments must be submitted by 

December 19, 2014. 

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. 

• Email: paperwork.comments@

pbgc.gov. 

• Fax: 202–326–4224. 

• Mail or Hand Delivery: Regulatory 

Affairs Group, Office of the General 

Counsel, Pension Benefit Guaranty 

Corporation, 1200 K Street NW., 

Washington, DC 20005–4026. 

PBGC will make all comments available 

on its Web site at http://www.pbgc.gov. 

Copies of the collection of 

information and comments may be 

obtained without charge by writing to 

the Disclosure Division of the Office of 

the General Counsel of PBGC, at the 

above address or by visiting the 

Disclosure Division or calling 202–326– 

4040 during normal business hours. 

(TTY and TDD users may call the 

Federal relay service toll-free at 1–800– 

877–8339 and ask to be connected to 

202–326–4040.) 

FOR FURTHER INFORMATION CONTACT: 

Grace Kraemer, Attorney, or Catherine 

B. Klion, Assistant General Counsel, 

Office of the General Counsel, Pension 

Benefit Guaranty Corporation, 1200 K 

Street NW., Washington, DC 20005– 

4026; 202–326–4024. (TTY and 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: The 

Employee Retirement Income Security 

Act of 1974 (ERISA) contains three 

separate sets of provisions—in Title I 

(Labor provisions), Title II (Internal 

Revenue Code provisions), and Title IV 

(PBGC provisions)—requiring 

administrators of employee benefit 

pension and welfare plans (collectively 

referred to as employee benefit plans) to 

file returns or reports annually with the 

Federal government. 

PBGC, the Department of Labor 

(DOL), and the Internal Revenue Service 

(IRS) work together to produce the Form 

5500 Annual Return/Report for 

Employee Benefit Plan and Form 5500– 

SF Short Form Annual Return/Report 

for Small Employee Benefit Plan (Form 

5500 Series), through which the 

regulated public can satisfy the 

combined reporting/filing requirements 

applicable to employee benefit plans. 

The collection of information has 

been approved by OMB under control 

number 1212–0057 through June 30, 

2017. PBGC intends to request that OMB 

extend its approval for three years, with 

modifications. 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 proposing several 

modifications to the 2015 Schedule MB 

(Multiemployer Defined Benefit Plan 

Actuarial Information) and instructions 

and the Schedule SB (Single Employer 

Defined Benefit Plan Actuarial 

Information) instructions. These 

modifications affect multiemployer 

defined benefit plans covered by Title 

IV of ERISA. 

Based on a recommendation made by 

practitioners, PBGC is proposing to 

modify the Schedule MB to require plan 

administrators of all multiemployer 

plans to report on line 4 the funded 

percentage for monitoring the plan’s 

status. Currently, only plan 

administrators of multiemployer plans 

in critical or endangered status are 

required to report this information on 

line 4. (Plan administrators of all 

multiemployer plans are currently 

required to report information that can 

be used to calculate this funded 

percentage on line 1 of the Schedule 

MB.) 

PBGC is also proposing to modify the 

Schedule MB instructions to add RP– 

2000 and RP–2000 (with Blue Collar 

Adjustment) to the list of mortality 

tables for non-disabled lives that plans 

may report in line 6c. (Plans that use 

these mortality tables currently report 

under the category ‘‘Other’’.) 

The Schedule MB and instructions 

would also be modified to add a new 

question in line 8b that would require 

large multiemployer plans (500 or more 

total participants as of the valuation 

date) to provide in an attachment a 

projection of expected benefit payments 

to be paid for the entire plan (not 

including expected expenses) for each 

of the next ten plan years starting with 

the plan year to which the filing relates. 

For this purpose plans would assume no 

additional accruals, experience (e.g., 

termination, mortality, and retirement) 

is consistent with the plan’s valuation 

assumptions, and no new entrants 

would be covered by the plan. 

PBGC is proposing to modify the 

Schedule SB instructions to simplify the 

alternative age/service scatters that cash 

balance plans with 1,000 or more active 

participants have an option to report on 

an attachment to line 26. 

PBGC estimates that it will receive 

approximately 25,000 Form 5500 and 

Form 5500–SF filings per year under 

this collection of information. PBGC 

further estimates that the total annual 

burden of this collection of information 

will be 1,200 hours and $1,357,000. 

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, 


tkelley on DSK3SPTVN1PROD with NOTICES
62682 Federal Register / Vol. 79, No. 202 / Monday, October 20, 2014 / Notices 

1http://www.pbgc.gov/documents/PRCcomments-on-PBGC-termination-of-singleemployer-plans.pdf. 

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, this 14th day of 

October 2014. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2014–24925 Filed 10–17–14; 8:45 am] 

BILLING CODE 7709–02–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Submission of Information Collection 

for OMB Review; Comment Request; 

Termination of Single-Employer Plans, 

Missing Participants 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Notice of request for extension 

of OMB approval, with modifications. 

SUMMARY: PBGC is requesting that OMB 

extend approval (with modifications) 

under the Paperwork Reduction Act of 

a collection of information in PBGC’s 

regulations on Termination of Single 

Employer Plans and Missing 

Participants, and implementing forms 

and instructions (OMB control number 

1212–0036: Expires February 28, 2017). 

This notice informs the public of 

PBGC’s request and solicits public 

comment on the collection of 

information. 

DATES: Comments should be submitted 

by November 19, 2014. 

ADDRESSES: Comments should be sent to 

the Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, Attention: Desk Officer for 

Pension Benefit Guaranty Corporation, 

via electronic mail at OIRA_DOCKET@

omb.eop.gov or by fax to (202) 395– 

6974. 

A copy of the request (including the 

collection of information) is posted at 

http://www.pbgc.gov/res/lawsandregulations/informationcollectionsunder-omb-review.html. It 

may also be obtained without charge by 

writing to the Disclosure Division of the 

Office of the General Counsel of PBGC 

at the above address, visiting the 

Disclosure Division, faxing a request to 

202–326–4042, or calling 202–326–4040 

during normal business hours. (TTY and 

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 Disclosure Division will email, fax, 

or mail the request to you, as you 

request. 

FOR FURTHER INFORMATION CONTACT: Jo 

Amato Burns, Attorney (326–4400, ext. 

3072) or Catherine B. Klion, Assistant 

General Counsel (326–4400, ext. 3041), 

Office of the General Counsel, Pension 

Benefit Guaranty Corporation, 1200 K 

Street NW., Washington, DC 20005, 

202–326–4400 (TTY and TDD users may 

call the Federal relay service toll-free at 

1–800–877–8339 and ask to be 

connected to 202–326–4400.) 

SUPPLEMENTARY INFORMATION: Under 

section 4041 of the Employee 

Retirement Income Security Act of 1974, 

as amended (ERISA), a single-employer 

pension plan may terminate voluntarily 

only if it satisfies the requirements for 

either a standard or a distress 

termination. Pursuant to ERISA section 

4041(b), for standard terminations, and 

section 4041(c), for distress 

terminations, and PBGC’s termination 

regulation (29 CFR part 4041), a plan 

administrator wishing to terminate a 

plan is required to submit specified 

information to PBGC in support of the 

proposed termination and to provide 

specified information regarding the 

proposed termination to third parties 

(participants, beneficiaries, alternate 

payees, and employee organizations). In 

the case of a plan with participants or 

beneficiaries who cannot be located 

when their benefits are to be distributed, 

the plan administrator is subject to the 

requirements of ERISA section 4050 and 

PBGC’s missing participants regulation 

(29 CFR part 4050). These regulations 

may be found on PBGC’s Web site at 

http://www.pbgc.gov/res/laws-andregulations/code-of-federalregulations.html. 

The collection of information under 

these regulations and the implementing 

forms and instructions has been 

approved by OMB under control 

number 1212–0036 (expires February 

28, 2017). PBGC is requesting that OMB 

extend its approval for three years, with 

modifications. An agency may not 

conduct or sponsor, and a person is not 

required to respond to, a collection of 

information unless it displays a current 

OMB control number. 

PBGC is proposing to require that a 

plan administrator of a plan terminating 

in a standard termination (or a distress 

termination that closes out in the 

private sector) must submit with the 

post-distribution certification the 

following information: 

• The most recent plan document. 

• Proof of benefit distributions for 

lump sums paid and annuities 

purchased, including an accurate list of 

annuity providers, with the group 

contract numbers and contact 

information for each annuity provider, 

and a list of participants entitled to an 

annuity from each annuity provider. 

These new information requirements 

will help PBGC address inquiries from 

individuals who claim they are owed 

benefits from terminated plans and, 

where appropriate, pay benefits to 

individuals entitled to them or to direct 

them to insurers that are holding 

annuities for them. 

PBGC received one comment on its 

proposal, from the Pension Rights 

Center.1 PBGC’s response to PRC’s 

comment is included in the OMB 

submission. 

PBGC estimates that 1,430 plan 

administrators will be subject to the 

collection of information requirements 

in PBGC’s regulations on termination 

and missing participants and 

implementing forms and instructions 

each year, and that the total annual 

burden of complying with these 

requirements is about 1,700 hours and 

$1,721,000. 

Issued in Washington, DC, this 10th day of 

October 2014. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2014–24819 Filed 10–17–14; 8:45 am] 

BILLING CODE 7708–01–P 

POSTAL REGULATORY COMMISSION 

[Docket Nos. CP2015–2; Order No. 2214] 

New Postal Product 

AGENCY: Postal Regulatory Commission. 

ACTION: Notice. 

SUMMARY: The Commission is noticing a 

recent Postal Service filing concerning 

the addition of Global Expedited 

Package Services 3 negotiated service 

agreement. This notice informs the 

public of the filing, invites public 

comment, and takes other 

administrative steps. 

DATES: Comments are due: October 21, 

2014. 

ADDRESSES: Submit comments 

electronically via the Commission’s 

Filing Online system at http://


tkelley on DSK3SPTVN1PROD with NOTICES