RI 25-49_60-day Federal Register Notice

Federal Register / Vol. 85, No. 82 / Tuesday, April 28, 2020 / Notices
PBGC. The estimated annual burden of
the collection of information is 0.5
hours and $450.
4. Reduction or Waiver of Partial
Withdrawal Liability (29 CFR Part
4208) (OMB Control Number 1212–
0039)
Section 4208 of ERISA provides for
abatement, in certain circumstances, of
an employer’s partial withdrawal
liability and authorizes PBGC to issue
additional partial withdrawal liability
abatement rules.
Under the regulation, an employer
applies to a plan for an abatement
determination, providing information
the plan needs to determine whether
withdrawal liability should be abated,
and the plan notifies the employer of its
determination. The employer may,
pending plan action, furnish a bond or
escrow instead of making withdrawal
liability payments, and must notify the
plan if it does so. When the plan then
makes its determination, it must so
notify the bonding or escrow agent.
The regulation also permits plans to
adopt their own abatement rules and
request PBGC approval. PBGC uses the
information in such a request to
determine whether the amendment
should be approved.
PBGC estimates that each year, at
most one employer submits, and one
plan responds to, an application for
abatement of partial withdrawal liability
and no plan sponsors request approval
of plan abatement rules from PBGC. The
estimated annual burden of the
collection of information is 0.50 hours
and $450.

jbell on DSKJLSW7X2PROD with NOTICES

5. Allocating Unfunded Vested Benefits
To Withdrawing Employers (29 CFR
Part 4211) (OMB Control Number 1212–
0035)
Section 4211(c)(5)(A) of ERISA
requires PBGC to prescribe how plans
can, with PBGC approval, change the
way they allocate unfunded vested
benefits to withdrawing employers for
purposes of calculating withdrawal
liability.
The regulation prescribes the
information that must be submitted to
PBGC by a plan seeking such approval.
PBGC uses the information to determine
how the amendment changes the way
the plan allocates unfunded vested
benefits and how it will affect the risk
of loss to plan participants and PBGC.
PBGC estimates that 10 plan sponsors
submit approval requests each year
under this regulation. The estimated
annual burden of the collection of
information is 100 hours and $100,000.

VerDate Sep<11>2014

18:43 Apr 27, 2020

Jkt 250001

6. Notice, Collection, and
Redetermination of Withdrawal
Liability (29 CFR Part 4219) (OMB
Control Number 1212–0034)
Section 4219(c)(1)(D) of ERISA
requires that PBGC prescribe regulations
for the allocation of a plan’s total
unfunded vested benefits in the event of
a ‘‘mass withdrawal.’’ ERISA section
4209(c) deals with an employer’s
liability for de minimis amounts if the
employer withdraws in a ‘‘substantial
withdrawal.’’
The reporting requirements in the
regulation give employers notice of a
mass withdrawal or substantial
withdrawal and advise them of their
rights and liabilities. They also provide
notice to PBGC so that it can monitor
the plan, and they help PBGC assess the
possible impact of a withdrawal event
on participants and the multiemployer
plan insurance program.
PBGC estimates that there are six
mass withdrawals and three substantial
withdrawals per year. The plan sponsor
of a plan subject to a withdrawal
covered by the regulation provides
notices of the withdrawal to PBGC and
to employers covered by the plan,
liability assessments to the employers,
and a certification to PBGC that
assessments have been made. (For a
mass withdrawal, there are two
assessments and two certifications that
deal with two different types of liability.
For a substantial withdrawal, there is
one assessment and one certification
(combined with the withdrawal notice
to PBGC).) The estimated annual burden
of the collection of information is 45
hours and $148,500.
7. Procedures for PBGC Approval of
Plan Amendments (29 CFR Part 4220)
(OMB Control Number 1212–0031)
Under section 4220 of ERISA, a plan
may within certain limits adopt special
plan rules regarding when a withdrawal
from the plan occurs and how the
withdrawing employer’s withdrawal
liability is determined. Any such special
rule is effective only if, within 90 days
after receiving notice and a copy of the
rule, PBGC either approves or fails to
disapprove the rule. The regulation
provides rules for requesting PBGC’s
approval of an amendment. PBGC needs
the required information to identify the
plan, evaluate the risk of loss, if any,
posed by the plan amendment, and
determine whether to approve or
disapprove the amendment.
PBGC estimates that at most one plan
sponsor submits an approval request per
year under this regulation. The
estimated annual burden of the

PO 00000

Frm 00043

Fmt 4703

Sfmt 4703

23543

collection of information is 2 hours and
$5,000 dollars.
Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory
Affairs, Pension Benefit Guaranty
Corporation.
[FR Doc. 2020–09106 Filed 4–27–20; 8:45 am]
BILLING CODE 7709–02–P

OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: 3206–0215,
Verification of Adult Student
Enrollment Status, RI 25–49
Office of Personnel
Management.
ACTION: 60-Day notice and request for
comments.
AGENCY:

The Retirement Services,
Office of Personnel Management (OPM)
offers the general public and other
federal agencies the opportunity to
comment on a revised information
collection (ICR), Verification of Adult
Student Enrollment Status, RI 25–49.
DATES: Comments are encouraged and
will be accepted until June 29, 2020.
ADDRESSES: You may submit comments,
identified by docket number and title,
by any of the following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
Instructions: All submissions received
must include the agency name, docket
number and title for this Federal
Register document. The general policy
for comments and other submissions
from members of the public is to make
these submissions available for public
viewing on the internet at http://
www.regulations.gov as they are
received without change, including any
personal identifiers or contact
information.
SUMMARY:

A
copy of this ICR with applicable
supporting documentation, may be
obtained by contacting the Retirement
Services Publications Team, Office of
Personnel Management, 1900 E Street
NW, Room 3316–L, Washington, DC
20415, Attention: Cyrus S. Benson, or
sent via email to Cyrus.Benson@
opm.gov or faxed to (202) 606–0910 or
reached via telephone at (202) 606–
4808.

FOR FURTHER INFORMATION CONTACT:

SUPPLEMENTARY INFORMATION:

As required by the Paperwork
Reduction Act of 1995 (Pub. L. 104–13,
44 U.S.C. chapter 35) as amended by the
Clinger-Cohen Act (Pub. L. 104–106),

E:\FR\FM\28APN1.SGM

28APN1

23544

Federal Register / Vol. 85, No. 82 / Tuesday, April 28, 2020 / Notices

OPM is soliciting comments for this
collection (OMB No. 3206–0215). The
Office of Management and Budget is
particularly interested in comments
that:
1. Evaluate whether the proposed
collection of information is necessary
for the proper performance of functions
of the agency, including whether the
information will have practical utility;
2. Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
3. Enhance the quality, utility, and
clarity of the information to be
collected; and
4. 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 submissions
of responses.
RI 25–49 is used to verify that adult
student annuitants are entitled to
payment. The Office of Personnel
Management must confirm that a fulltime enrollment has been maintained.
Analysis
Agency: Retirement Operations,
Retirement Services, Office of Personnel
Management.
Title: Verification of Full-Time School
Attendance.
OMB Number: 3206–0215.
Frequency: On occasion.
Affected Public: Individuals or
Households.
Number of Respondents: 10,000.
Estimated Time Per Respondent: 1
hour.
Total Burden Hours: 10,000.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2020–09004 Filed 4–27–20; 8:45 am]
BILLING CODE 6325–38–P

OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: Initial
Certification of Full-Time School
Attendance, RI 25–41, 3206–0099
Office of Personnel
Management.
ACTION: 60-Day Notice and request for
comments.

jbell on DSKJLSW7X2PROD with NOTICES

AGENCY:

The Retirement Services,
Office of Personnel Management (OPM)
offers the general public and other

SUMMARY:

VerDate Sep<11>2014

18:43 Apr 27, 2020

Jkt 250001

federal agencies the opportunity to
comment on a revised information
collection (ICR) 3206–0099, Initial
Certification of Full-Time School
Attendance, RI 25–41.
DATES: Comments are encouraged and
will be accepted until June 29, 2020.
ADDRESSES: You may submit comments,
identified by docket number and title,
by any of the following methods:
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
Instructions: All submissions received
must include the agency name, docket
number and title for this Federal
Register document. The general policy
for comments and other submissions
from members of the public is to make
these submissions available for public
viewing on the internet at http://
www.regulations.gov as they are
received without change, including any
personal identifiers or contact
information.
FOR FURTHER INFORMATION CONTACT: A
copy of this ICR with applicable
supporting documentation, may be
obtained by contacting the Retirement
Services Publications Team, Office of
Personnel Management, 1900 E Street
NW, Room 3316–AC, Washington, DC
20415, Attention: Cyrus S. Benson, or
sent via email to Cyrus.Benson@
opm.gov or faxed to (202) 606–0910 or
reached via telephone at (202) 606–
4808.
SUPPLEMENTARY INFORMATION: As
required by the Paperwork Reduction
Act of 1995 (Pub. L. 104–13, 44 U.S.C.
chapter 35) as amended by the ClingerCohen Act (Pub. L. 104–106), OPM is
soliciting comments for this collection
(OMB No. 3206–0099). The Office of
Management and Budget is particularly
interested in comments that:
1. Evaluate whether the proposed
collection of information is necessary
for the proper performance of functions
of the agency, including whether the
information will have practical utility;
2. Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
3. Enhance the quality, utility, and
clarity of the information to be
collected; and
4. 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 submissions
of responses.

PO 00000

Frm 00044

Fmt 4703

Sfmt 4703

RI 25–41, Initial Certification of FullTime School Attendance is used to
determine whether a child is unmarried
and a full-time student in a recognized
school. OPM must determine this in
order to pay survivor annuity benefits to
children who are age 18 or older under
title 5, U.S.C. Sections 8341(A)(4) and
Chapter 84, Section 8441(4)(C).
Analysis
Agency: Retirement Operations,
Retirement Services, Office of Personnel
Management.
Title: Initial Certification of Full-Time
School Attendance.
OMB: 3206–0099.
Frequency: On occasion.
Affected Public: Individuals or
Households.
Number of Respondents: 1,200.
Estimated Time per Respondent: 90
minutes.
Total Burden Hours: 1,800.
Office of Personnel Management.
Alexys Stanley,
Regulatory Affairs Analyst.
[FR Doc. 2020–08993 Filed 4–27–20; 8:45 am]
BILLING CODE 6325–38–P

OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: 3206–0174,
Survivor Annuity Election for a
Spouse, RI 20–63; Cover Letter Giving
Information About The Cost To Elect
Less Than the Maximum Survivor
Annuity, RI 20–116; Cover Letter
Giving Information About the Cost To
Elect the Maximum Survivor Annuity,
RI 20–117
Office of Personnel
Management.
ACTION: 60-Day notice and request for
comments.
AGENCY:

The Retirement Services,
Office of Personnel Management (OPM)
offers the general public and other
Federal agencies the opportunity to
comment on a revised information
collection request (ICR), Survivor
Annuity Election for a Spouse (RI 20–
63), Cover Letter Giving Information
about the Cost to Elect Less Than the
Maximum Survivor Annuity (RI 20–116)
and Cover Letter Giving Information
About the Cost to Elect the Maximum
Survivor Annuity (RI 20–117).
DATES: Comments are encouraged and
will be accepted until June 29, 2020.
ADDRESSES: You may submit comments,
identified by docket number and title,
by any of the following methods:
SUMMARY:

E:\FR\FM\28APN1.SGM

28APN1