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Federal Register / Vol. 74, No. 180 / Friday, September 18, 2009 / Notices
SUMMARY OF ACTUARIAL VALUATION RESULTS, 2003–2006—Continued
Valuation date (July 1)
Item
2006
Unfunded liability, vested benefits * ($000) .....................................................................
Valuation interest rate (%) ...............................................................................................
2005
20,114
7.5
20,968
7.5
2004
28,598
7.5
2003
27,694
7.5
* Using market value of assets.
Decision on the Proposed Amendment
The statute and the implementing
regulation state that PBGC must make
two factual determinations before it
approves a request for an amendment
that adopts a special withdrawal
liability rule. ERISA § 4203(f); 29 CFR
§ 4203.5(a). First, on the basis of a
showing by the plan, PBGC must
determine that the amendment will
apply to an industry that has
characteristics that would make use of
the special rules appropriate. Second,
PBGC must determine that the plan
amendment will not pose a significant
risk to the insurance system. PBGC’s
discussion on each of those issues
follows. After review of the record
submitted by the Local 1 Plan, and
having received no public comments,
PBGC has entered the following
determinations.
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1. What Is the Nature of the Industry?
In determining whether an industry
has the characteristics that would make
an amendment to special rules
appropriate, an important line of
inquiry is the extent to which the Local
1 Plan’s contribution base resembles
that found in the construction industry.
This threshold question requires
consideration of the effect of employer
withdrawals on the Local 1 Plan’s
contribution base.
As the Local 1 Plan has asserted,
covered work must be performed at a
residential building located in Chicago.
The work is local in nature and
generally continues to be covered by the
Local 1 Plan regardless of the employer
retained to do those services. An
employer ceases to have an obligation to
contribute when it loses a cleaning or
security contract because the building
owner outsources the work or retains a
different service provider, or when the
employer closes its business due to
bankruptcy, retirement, or business
relocation. Over the past 10 years,
cessation of contributions by any
individual employer has not had an
adverse impact on the Local 1 Plan’s
contribution base. Most of the
employers that have ceased to
contribute have been replaced by
another employer who begins
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15:10 Sep 17, 2009
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contributions for the same employees at
the same location for the same work.
2. What Is the Exposure and Risk of Loss
to PBGC and Participants?
Exposure. The bargaining parties had
maintained the same benefit accrual rate
for several years. The benefit liabilities
have grown by 11 percent from 2002 to
2006. However, over the same time
period, contributions nearly tripled and
assets grew by 28 percent. Thus, the
parties have worked to preserve an
adequate cushion against market
downturns.
Risk of loss. The record shows that the
Local 1 Plan presents a low risk of loss
to PBGC insurance funds. The Local 1
Plan’s active participant population has
been stable, hovering around 4,000
actives for several years. Additionally,
the Local 1 Plan and the covered
industry have unique characteristics
that suggest that the Local 1 Plan’s
contribution base is likely to remain
stable. Contributions to the Local 1 Plan
are made with respect to Chicago
residential buildings. This contribution
base is secure and the departure of one
employer from the Local 1 Plan is not
likely to have an adverse effect on the
contribution base so long as the number
of buildings covered does not decline.
Conclusion
Based on the Plan’s submissions and
the representations and statements
made in connection with the request for
approval, PBGC has determined that the
plan amendment adopting the special
withdrawal liability rules (1) will apply
only to an industry that has
characteristics that would make the use
of special withdrawal liability rules
appropriate, and (2) will not pose a
significant risk to the insurance system.
Therefore, PBGC hereby grants the Local
1 Plan’s request for approval of a plan
amendment modifying special
withdrawal liability rules, as set forth
herein. Should the Local 1 Plan wish to
amend these rules at any time, PBGC
approval of the amendment will be
required.
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Issued at Washington, DC, on this 11th day
of September 2009.
Vincent K. Snowbarger,
Acting Director, Pension Benefit Guaranty
Corporation.
[FR Doc. E9–22537 Filed 9–17–09; 8:45 am]
BILLING CODE 7708–01–P
OFFICE OF PERSONNEL
MANAGEMENT
Submission for Review: OPM Form
1203–FX, Occupational Questionnaire,
3206–0040
AGENCY: Office of Personnel
Management.
ACTION: 60-day Notice and request for
comments.
SUMMARY: The Automated Systems
Management Group, Office of Personnel
Management (OPM) offers the general
public and other federal agencies the
opportunity to comment on an existing
information collection request (ICR)
3206–0040, Occupational
Questionnaire, OPM Form 1203–FX. 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.
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 the
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,
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Federal Register / Vol. 74, No. 180 / Friday, September 18, 2009 / Notices
e.g., permitting electronic submissions
of responses.
DATES: Comments are encouraged and
will be accepted until November 17,
2009. This process is conducted in
accordance with 5 CFR 1320.1.
ADDRESSES: Interested persons are
invited to submit written comments on
this ICR to the Automated Systems
Management Group, Office of Personnel
Management, 1900 E Street, NW.,
Washington, DC 20415, Attention:
Denise Valentine-Tyson or sent via
electronic mail to [email protected].
FOR FURTHER INFORMATION CONTACT: A
copy of this ICR, with applicable
supporting documentation, may be
obtained by contacting the Automated
Systems Management Group, Office of
Personnel Management, 1900 E Street,
NW., Washington, DC 20503, Attention:
Denise Valentine-Tyson or sent via
electronic mail to [email protected].
The
Occupational Questionnaire is an
optical scan form designed to collect
applicant information and qualifications
in a format suitable for automated
processing and to create applicant
records for an automated examining
system. The 1203 series was commonly
referred to as the ‘‘Qualifications and
Availability Form C.’’ OPM has re-titled
the series as ‘‘Occupational
Questionnaire’’ to fit a more generic
need. OPM uses this form to carry out
its responsibility for open competitive
examining for admission to the
competitive service in accordance with
section 3304, of title 5, United States
Code.
SUPPLEMENTARY INFORMATION:
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #11878 and #11879]
Michigan Disaster #MI–00018
AGENCY:
Small Business Administration.
ACTION: Notice.
BILLING CODE 8025–01–P
SUMMARY: This is a notice of an
Administrative declaration of a disaster
for the State of Michigan dated 09/11/
2009.
Incident: Severe Storms and Flooding.
Incident Period: 08/08/2009 through
08/10/2009.
Effective Date: 09/11/2009.
Physical Loan Application Deadline
Date: 11/10/2009.
Economic Injury (EIDL) Loan
Application Deadline Date: 06/11/2010.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing and
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s disaster declaration,
applications for disaster loans may be
filed at the address listed above or other
locally announced locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties: Lapeer
Contiguous Counties: Michigan:
Genesee, Macomb, Oakland, Saint
Clair, Sanilac, Tuscola
The Interest Rates are:
DEPARTMENT OF STATE
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Analysis
Percent
Agency: Automated Systems
Management Group, Office of Personnel
Management.
Title: Occupational Questionnaire,
OPM Form 1203–FX.
OMB Number: 3260–0040.
Frequency: On occasion.
Affected Public: Individuals or
households.
Number of Respondents: 3,484,764.
Estimated Time per Respondent: 45
minutes.
Total Burden Hours: 2,613,573.
Total Burden Cost (capital/startup):
None.
Total Burden Cost (operating/
maintaining): $468,280.
Office of Personnel Management.
John Berry,
Director.
[FR Doc. E9–22566 Filed 9–17–09; 8:45 am]
BILLING CODE 6325–38–P
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15:10 Sep 17, 2009
Jkt 217001
Dated: September 11, 2009.
Karen G. Mills,
Administrator.
[FR Doc. E9–22542 Filed 9–17–09; 8:45 am]
Homeowners With Credit Available Elsewhere .........................
Homeowners
Without
Credit
Available Elsewhere ..................
Businesses With Credit Available
Elsewhere .................................
Businesses & Small Agricultural
Cooperatives Without Credit
Available Elsewhere ..................
Other (Including Non-Profit Organizations) With Credit Available
Elsewhere .................................
Businesses and Non-Profit Organizations Without Credit Available Elsewhere .........................
5.500
2.750
6.000
4.000
4.500
4.000
The number assigned to this disaster
for physical damage is 11878 6 and for
economic injury is 11879 0. The State
which received an EIDL Declaration # is
Michigan.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
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[Public Notice 6765]
30-Day Notice of Proposed Information
Collection: DS–0174, Application for
Employment as a Locally Employed
Staff or Family Member, OMB Control
Number 1405–XXXX
ACTION: Notice of request for public
comment and submission to OMB of
proposed collection of information.
SUMMARY: The Department of State has
submitted the following information
collection request to the Office of
Management and Budget (OMB) for
approval in accordance with the
Paperwork Reduction Act of 1995.
• Title of Information Collection:
Department of State Application for
Employment as a Locally Employed
Staff or Family Member.
• OMB Control Number: 1405–XXXX.
• Type of Request: New Collection.
• Originating Office: Bureau of
Human Resources, Office of Overseas
Employment (HR/OE).
• Form Number: DS–0174.
• Respondents: Candidates seeking
employment, including family members
of Foreign Service, Civil Service, and
uniformed service members officially
assigned to the Mission and under Chief
of Mission authority.
• Estimated Number of Respondents:
40,000.
• Estimated Number of Responses:
40,000.
• Average Hours per Response: 1
hour.
• Total Estimated Burden: 40,000.
• Frequency: On Occasion.
• Obligation To Respond: Required to
Obtain a Benefit.
DATES: Submit comments to the Office
of Management and Budget (OMB) for
up to 30 days from September 18, 2009.
ADDRESSES: Direct comments to the
Department of State Desk Officer in the
Office of Information and Regulatory
Affairs at the Office of Management and
Budget (OMB). You may submit
comments by the following methods:
• E-mail:
[email protected]. You
must include the DS form number,
information collection title, and OMB
control number in the subject line of
your message.
• Fax: 202–395–5806. Attention: Desk
Officer for Department of State.
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File Type | application/pdf |
File Title | Document |
Subject | Extracted Pages |
Author | U.S. Government Printing Office |
File Modified | 2009-09-18 |
File Created | 2009-09-18 |