60 Day Federal Register Notice

1235 - 0013 FR Notice 103020.pdf

Requirements of a Bona Fide Thrift or Savings Plan and Requirements of a Bona Fide Profit-Sharing Plan or Trust

60 Day Federal Register Notice

OMB: 1235-0013

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68934

Federal Register / Vol. 85, No. 211 / Friday, October 30, 2020 / Notices

or sharing information about their pay
or, in certain circumstances, the pay of
their co-workers.
E.O. 11246 applies to federal
contractors and subcontractors and to
federally assisted construction
contractors holding a Government
contract in excess of $10,000, or
Government contracts that have, or can
reasonably be expected to have, an
aggregate total value exceeding $10,000
in a 12-month period. E.O. 11246 also
applies to government bills of lading,
depositories of federal funds in any
amount, and to financial institutions
that are issuing and paying agents for
U.S. savings bonds. Section 503
prohibits employment discrimination
against applicants and employees
because of physical or mental disability
and requires contractors and
subcontractors to take affirmative action
to employ and advance in employment
qualified individuals with disabilities.
Section 503 applies to federal
contractors and subcontractors with
contracts in excess of $15,000. VEVRAA
requires contractors to take affirmative
action to employ, and advance in
employment, qualified protected
veterans. VEVRAA applies to federal
contractors and subcontractors with
contracts of $150,000 or more.
This information collection request
(ICR) seeks to renew the recordkeeping
and reporting requirements for
construction contractors. OFCCP seeks
to renew its existing Construction
Contract Award Notification Form
(Form CC–314), and introduce a new
batch upload feature that would enable
the submission of multiple notifications
at once. Additionally, the instruments
associated with Collection 1250–0011
(Construction Compliance Check
Letters) have been moved to this
collection to centralize the
recordkeeping and reporting burden of
the two ICRs.
II. Review Focus: OFCCP is
particularly interested in comments
which:
• Evaluate whether the proposed
collection of information is necessary
for the compliance assistance functions
of the agency that support the agency’s
compliance mission, 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
methodology 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

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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.
III. Current Actions: OFCCP seeks
approval of this information collection
in order to carry out and enhance its
responsibilities to enforce the
nondiscrimination and affirmative
action provisions of the three legal
authorities it administers.
Type of Review: Renewal.
Agency: Office of Federal Contract
Compliance Programs.
Title: Construction Recordkeeping
and Reporting Requirements.
OMB Number: 1250–0001.
Agency Number: None.
Affected Public: Business or other forprofit entities.
Total Respondents: 12,609
recordkeeping/6,848 reporting.
Total Annual Responses: 12,609
recordkeeping/6,848 reporting.
Average Time per Response: .5 hours,
Notification of Subcontract Award; 5
hours, direct federal compliance check
letter; 3 hours, federally-assisted
compliance check letter.
Estimated Total Burden Hours:
147,720 hours.
Frequency: On occasion.
Total Burden Cost (capital/startup):
$0.
Total Burden Cost (operating/
maintenance): $7,555.
Tina Williams,
Director, Division of Policy and Program
Development, Office of Federal Contract
Compliance Programs.
[FR Doc. 2020–24112 Filed 10–29–20; 8:45 am]
BILLING CODE 4510–CM–P

DEPARTMENT OF LABOR
Bureau of Labor Statistics
Technical Advisory Committee; Notice
of Meeting and Agenda
The Bureau of Labor Statistics
Technical Advisory Committee will
meet on Friday, November 20, 2020. In
light of the travel restrictions and social
distancing requirements resulting from
the COVID–19 outbreak, this meeting
will be held virtually from 10 a.m. to 3
p.m. EST.
The Committee presents advice and
makes recommendations to the Bureau
of Labor Statistics (BLS) on technical
aspects of data collection and the
formulation of economic measures and
makes recommendations on areas of
research. The BLS presents issues and

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then draws on the expertise of
Committee members representing
specialized fields within the academic
disciplines of economics, statistics and
data science, and survey design.
The schedule and agenda for the
meeting are as follows:
10:00 a.m.—Commissioner’s Welcome
and Review of Agency
Developments
10:30 a.m.—JOLTS Experimental State
Estimates Background and Priorities
11:45 p.m.—A Review of Hedonic Price
Adjustment Techniques for
Products Experiencing Rapid and
Complex Quality Change
1:45 p.m.—Confidence Intervals for
Preliminary Estimates of Quarterly
Labor Productivity
2:45 p.m.—Concluding Remarks
3:00 p.m.—Approximate Conclusion
The meeting is open to the public.
Any questions concerning the meeting
should be directed to Sarah Dale,
Bureau of Labor Statistics Technical
Advisory Committee, at BLSTAC@
bls.gov. Individuals planning to attend
the meeting should register at https://
blstac.eventbrite.com. Individuals who
require special accommodations should
contact Ms. Dale at least two days prior
to the meeting date.
Signed at Washington, DC, this 26th day of
October 2020.
Mark Staniorski,
Chief, Division of Management Systems.
[FR Doc. 2020–24118 Filed 10–29–20; 8:45 am]
BILLING CODE 4510–24–P

DEPARTMENT OF LABOR
Wage and Hour Division
Agency Information Collection
Activities: Comment Request;
Information Collections: Requirements
of a Bona Fide Thrift or Savings Plan
and Requirements of a Bona Fide
Profit-Sharing Plan or Trust
Wage and Hour Division,
Department of Labor.
ACTION: Notice.
AGENCY:

The Department of Labor
(Department), as part of its continuing
effort to reduce paperwork and
respondent burden, conducts a
preclearance consultation program to
provide the general public and federal
agencies with an opportunity to
comment on proposed and/or
continuing collections of information in
accordance with the Paperwork
Reduction Act of 1995. This program
helps to ensure that requested data can
be provided in the desired format,
reporting burden (time and financial

SUMMARY:

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Federal Register / Vol. 85, No. 211 / Friday, October 30, 2020 / Notices
resources) is minimized, collection
instruments are clearly understood, and
the impact of collection requirements on
respondents can be properly assessed.
Currently, the Wage and Hour Division
is soliciting comments concerning the
revision to Office of Management and
Budget approval of the Information
Collections: Requirements of a Bona
Fide Thrift or Savings Plan and
Requirements of a Bona Fide ProfitSharing Plan or Trust. A copy of the
proposed information collection request
can be obtained by contacting the office
listed below in the FOR FURTHER
INFORMATION CONTACT section of this
Notice.
Written comments must be
submitted to the office listed in the
addresses section below on or before
December 29, 2020.

DATES:

You may submit comments,
identified by Control Number 1235–
0013, by either one of the following
methods:
Email: [email protected].
Mail, Hand Delivery, Courier: Division
of Regulations, Legislation, and
Interpretation, Wage and Hour Division,
U.S. Department of Labor, Room S–
3502, 200 Constitution Avenue, NW,
Washington, DC 20001.
Instructions: Please submit one copy
of your comments by only one method.
All submissions received must include
the agency name and control number
identified above for this information
collection. Because we continue to
experience delays in receiving mail in
the Washington, DC area, commenters
are strongly encouraged to transmit their
comments electronically via email or to
submit them by mail early. Comments,
including any personal information
provided, become a matter of public
record. They will also be summarized
and/or included in the request for Office
of Management and Budget approval of
the information collection request.

ADDRESSES:

jbell on DSKJLSW7X2PROD with NOTICES

FOR FURTHER INFORMATION CONTACT:

Robert Waterman, Compliance
Specialist, Division of Regulations,
Legislation, and Interpretation, Wage
and Hour Division, U.S. Department of
Labor, Room S–3502, 200 Constitution
Avenue, NW, Washington, DC 20001;
telephone: (202) 693–0406 (this is not a
toll-free number). Copies of this notice
may be obtained in alternative formats
(Large Print, Braille, Audio Tape or
Disc), upon request, by calling (202)
693–0023 (not a toll-free number). TTY/
TDD callers may dial toll-free (877) 889–
5627 to obtain information or request
materials in alternative formats.
SUPPLEMENTARY INFORMATION:

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I. Background
This extension is for the
Requirements of a Bona Fide Thrift or
Savings Plan and Requirements of a
Bona Fide Profit-Sharing Plan or Trust
information collection. The information
collection requirements apply to
employers claiming the overtime
exemption available under Fair Labor
Standards Act section 7(e)(3)(b), 29
U.S.C. 207(e)(3)(b). Specifically, in
calculating an employee’s regular rate of
pay, an employer need not include
contributions made to a bona fide thrift
or savings plan or a bona fide profitsharing plan or trust—as defined in
regulations 29 CFR parts 547 and 549.
An employer is required to
communicate, or to make available to its
employees, the terms of the bona fide
thrift, savings, or profit-sharing plan or
trust and to retain certain records. Fair
Labor Standards Act section 11(c)
authorizes this information collection.
See 29 U.S.C. 211(c).
II. Review Focus
The Department is particularly
interested in comments that:
* 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
methodology 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.
III. Current Actions
The Department seeks to extend the
information collection request for the
Requirements of a Bona Fide Thrift or
Savings Plan and Requirements of a
Bona Fide Profit-Sharing Plan or Trust.
Type of Review: Extension.
Agency: Wage and Hour Division.
Titles: Requirements of a Bona Fide
Thrift or Savings Plan and Requirements
of a Bona Fide Profit-Sharing Plan or
Trust.
OMB Control Number: 1235–0013.
Affected Public: Businesses or other
for-profits.

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68935

Total Estimated Respondents:
1,505,270.
Total Annual responses: 2,032,115.
Estimated Total Burden Hours: 1,129.
Estimated Time Per Response: The
annual burden is estimated to equal two
seconds (one second for disclosure and
one second for recordkeeping) per new
employee.
Frequency: Annual.
Total Burden Cost (capital/startup):
$0.
Total Burden Cost (operating/
maintenance): $0.
Dated: October 26, 2020.
Amy DeBisschop,
Director, Division of Regulations, Legislation,
& Interpretation.
[FR Doc. 2020–24037 Filed 10–29–20; 8:45 am]
BILLING CODE 4510–27–P

SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–90270; File No. SR–LCH
SA–2020–006]

Self-Regulatory Organizations; LCH
SA; Notice of Filing of Proposed Rule
Change Relating to the Amendments
of LCH SA Risk Liquidity Modeling
Framework
October 26, 2020.

Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b–4 thereunder 2
notice is hereby given that on October
20, 2020, Banque Centrale de
Compensation, which conducts
business under the name LCH SA (‘‘LCH
SA’’), filed with the Securities and
Exchange Commission (‘‘Commission’’)
the proposed rule change described in
Items I, II and III below, which Items
have been prepared primarily by LCH
SA. The Commission is publishing this
notice to solicit comments on the
proposed rule change from interested
persons.
I. Clearing Agency’s Statement of the
Terms of Substance of the Proposed
Rule Change
Banque Centrale de Compensation,
which conducts business under the
name LCH SA (‘‘LCH SA’’), is proposing
to amend its Liquidity Risk Modeling
Framework (the ‘‘Framework’’) in order
to address more accurately the liquidity
requirements in the event of the
assignment and exercise of equity
American options (the ‘‘Proposed Rule
Change’’).
1 15
2 17

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U.S.C. 78s(b)(1).
CFR 240.19b–4.

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