Proposed Collection; Comment Request
| Published date | 22 April 2021 |
| Citation | 86 FR 21361 |
| Record Number | 2021-08300 |
| Section | Notices |
| Court | Railroad Retirement Board |
21361
Federal Register / Vol. 86, No. 76 / Thursday, April 22, 2021 / Notices
POSTAL SERVICE
Product Change—Priority Mail Express
Negotiated Service Agreement
AGENCY
: Postal Service
TM
.
ACTION
: Notice.
SUMMARY
: The Postal Service gives
notice of filing a request with the Postal
Regulatory Commission to add a
domestic shipping services contract to
the list of Negotiated Service
Agreements in the Mail Classification
Schedule’s Competitive Products List.
DATES
: Date of required notice: April 22,
2021.
FOR FURTHER INFORMATION CONTACT
:
Sean Robinson, 202–268–8405.
SUPPLEMENTARY INFORMATION
: The
United States Postal Service
®
hereby
gives notice that, pursuant to 39 U.S.C.
3642 and 3632(b)(3), on April 5, 2021,
it filed with the Postal Regulatory
Commission a USPS Request to Add
Priority Mail Express Contract 88 to
Competitive Product List. Documents
are available at www.prc.gov, Docket
Nos. MC2021–80, CP2021–83.
Sean Robinson,
Attorney, Corporate and Postal Business Law.
[FR Doc. 2021–08294 Filed 4–21–21; 8:45 am]
BILLING CODE 7710–12–P
RAILROAD RETIREMENT BOARD
Proposed Collection; Comment
Request
SUMMARY
: In accordance with the
requirement of Section 3506 (c)(2)(A) of
the Paperwork Reduction Act of 1995
which provides opportunity for public
comment on new or revised data
collections, the Railroad Retirement
Board (RRB) will publish periodic
summaries of proposed data collections.
Comments are invited on: (a) Whether
the proposed information collection is
necessary for the proper performance of
the functions of the agency, including
whether the information has practical
utility; (b) the accuracy of the RRB’s
estimate of the burden of the collection
of the information; (c) ways to enhance
the quality, utility, and clarity of the
information to be collected; and (d)
ways to minimize the burden related to
the collection of information on
respondents, including the use of
automated collection techniques or
other forms of information technology.
1. Title and purpose of information
collection: Claimant Appeal Under the
Railroad Retirement Act or Railroad
Unemployment Insurance Act; OMB
3220–0007.
Under Section 7(b)(3) of the Railroad
Retirement Act (RRA) (45 U.S.C. 231f),
and Section 5(c) of the Railroad
Unemployment Insurance Act (RUIA)
(45 U.S.C. 355) any person aggrieved by
a decision made by an office of the RRB
on his or her application for an annuity
or benefit under those Acts has the right
to appeal to the RRB. This right is
prescribed in 20 CFR 260 and 20 CFR
320. The notification letter, which is
provided at the time of filing the
original application, informs the
applicant of such right. When an
applicant protests a decision, the
concerned RRB office reviews the entire
file and any additional evidence
submitted and sends the applicant a
letter explaining the basis of the
determination. The applicant is then
notified that to protest further, they can
appeal to the RRB’s Bureau of Hearings
and Appeals. The appeal process is
prescribed in 20 CFR 260.5 and 260.9
and 20 CFR 320.12 and 320.38.
To file a request for an appeal the
applicant must complete Form HA–1,
Appeal Under the Railroad Retirement
Act or Railroad Unemployment
Insurance Act. The form asks the
applicant to explain the basis for their
request for an appeal and, if necessary,
to describe any additional evidence they
wish to submit in support of the appeal.
Completion is voluntary, however, if the
information is not provided the RRB
cannot process the appeal. The RRB
proposes minor changes to Form HA–1
to the reference citation and minor
grammar on page 2.
E
STIMATE OF
A
NNUAL
R
ESPONDENT
B
URDEN
Form No. Annual
responses Time
(minutes) Burden
(hours)
HA–1 ............................................................................................................................................ 550 20 183
2. Title and purpose of information
collection: Application for Benefits Due
But Unpaid at Death; OMB 3220–0055.
Under Section 2(g) of the Railroad
Unemployment Insurance Act (45
U.S.C. 352), benefits that accrued but
were not paid because of the death of
the employee shall be paid to the same
individual(s) to whom benefits are
payable under Section 6(a)(1) of the
Railroad Retirement Act. The provisions
relating to the payment of such benefits
are prescribed in 20 CFR 325.5 and 20
CFR 335.5.
The RRB provides Form UI–63,
Application for Benefits Due But
Unpaid at Death, to those applying for
the accrued sickness or unemployment
benefits unpaid at the death of the
employee and for obtaining the
information needed to identify the
proper payee. One response is requested
of each respondent. Completion is
required to obtain a benefit. The RRB
proposes no changes to Form UI–63.
E
STIMATE OF
A
NNUAL
R
ESPONDENT
B
URDEN
Form No. Annual
responses Time
(minutes) Burden
(hours)
UI–63 ........................................................................................................................................... 24 7 3
3. Title and purpose of information
collection: Medicare; OMB 3220–0082.
Under Section 7(d) of the Railroad
Retirement Act (RRA) (45 U.S.C. 231f),
the Railroad Retirement Board (RRB)
administers the Medicare program for
persons covered by the railroad
retirement system. The RRB uses Form
AA–6, Employee Application for
Medicare; Form AA–7, Spouse/Divorced
Spouse Application for Medicare; and
Form AA–8, Widow/Widower
Application for Medicare; to obtain the
information needed to determine
whether individuals who have not yet
filed for benefits under the RRA are
qualified for Medicare payments
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21362
Federal Register / Vol. 86, No. 76 / Thursday, April 22, 2021 / Notices
provided under Title XVIII of the Social
Security Act.
Further, in order to determine if a
qualified railroad retirement beneficiary
who is claiming supplementary medical
insurance coverage under Medicare is
entitled to a Special Enrollment Period
(SEP) and/or premium surcharge relief
because of coverage under an Employer
Group Health Plan (EGHP), the RRB
needs to obtain information regarding
the claimant’s EGHP coverage, if any.
The RRB uses Form RL–311–F,
Evidence of Coverage Under An
Employer Group Health Plan, to obtain
the basic information needed to
establish EGHP coverage for a qualified
railroad retirement beneficiary.
Completion of the forms is required to
obtain a benefit. One response is
requested of each respondent. The RRB
proposes no changes to the forms AA–
6, AA–7, or AA–8. The RRB proposed
the following changes to Form RL–311–
F:
•Add the option to return the form
by facsimile.
•Changed question 4 to replace
working with employed, add an
employment start date for the employee,
and add additional instructions.
E
STIMATE OF
A
NNUAL
R
ESPONDENT
B
URDEN
Form No. Annual
responses Time
(minutes) Burden
(hours)
AA–6 ............................................................................................................................................ 180 8 24
AA–7 ............................................................................................................................................ 50 8 7
AA–8 ............................................................................................................................................ 10 8 1
RL–311–F .................................................................................................................................... 2,000 10 333
Total ...................................................................................................................................... 2,240 ........................ 365
4. Title and purpose of information
collection: Request to Non-Railroad
Employer for Information About
Annuitant’s Work and Earnings; OMB
3220–0107.
Under Section 2 of the Railroad
Retirement Act (RRA) (45 U.S.C. 231a),
a railroad employee’s retirement
annuity or an annuity paid to the spouse
of a railroad employee is subject to work
deductions in the Tier II component of
the annuity and any employee
supplemental annuity for any month in
which the annuitant works for a Last
Pre-Retirement Non-Railroad Employer
(LPE). The LPE is defined as the last
person, company, or institution, other
than a railroad employer, that employed
an employee or spouse annuitant. In
addition, the employee, spouse, or
divorced spouse Tier I annuity benefit is
subject to work deductions under
Section 2(f)(1) of the RRA for earnings
from any non-railroad employer that are
over the annual exempt amount. The
regulations pertaining to non-payment
of annuities by reason of work and LPE
are contained in 20 CFR 230.1 and
230.2.
The RRB utilizes Form RL–231–F,
Request to Non-Railroad Employer for
Information About Annuitant’s Work
and Earnings, to obtain the information
needed to determine if a work
deduction should be applied because an
annuitant worked in non-railroad
employment after the annuity beginning
date. One response is requested of each
respondent. Completion is voluntary.
The RRB proposes no changes to Form
RL–231–F.
E
STIMATE OF
A
NNUAL
R
ESPONDENT
B
URDEN
Form No. Annual
responses Time
(minutes) Burden
(hours)
RL–231–F .................................................................................................................................... 300 30 150
5. Title and purpose of information
collection: Annual Earnings
Questionnaire for Annuitants in Last
Pre-Retirement Non-Railroad
Employment; OMB 3220–0179.
Under Section 2(e)(3) of the Railroad
Retirement Act (RRA) (45 U.S.C. 231a),
an annuity is not payable for any month
in which a beneficiary works for a
railroad. In addition, an annuity is
reduced for any month in which the
beneficiary works for an employer other
than a railroad employer and earns more
than a prescribed amount. Under the
1988 amendments to the RRA, the Tier
II portion of the regular annuity and any
supplemental annuity must be reduced
by one dollar for each two dollars of
Last Pre-Retirement Non-Railroad
Employment (LPE) earnings for each
month of such service. However, the
reduction cannot exceed 50 percent of
the Tier II and supplemental annuity
amount for the month to which such
deductions apply. The LPE generally
refers to an annuitant’s last employment
with a non-railroad person, company, or
institution prior to retirement, which
was performed at the same time as
railroad employment or after the
annuitant stopped railroad employment.
The collection obtains earnings
information needed by the RRB to
determine if possible reductions in
annuities are in order due to LPE.
The RRB utilizes Form G–19L,
Annual Earnings Questionnaire, to
obtain LPE earnings information from
annuitants. One response is requested of
each respondent. Completion is
required to retain a benefit. The RRB
proposes no changes to Form G–19L.
E
STIMATE OF
A
NNUAL
R
ESPONDENT
B
URDEN
Form No. Annual
responses Time
(minutes) Burden
(hours)
G–19L .......................................................................................................................................... 300 15 75
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Federal Register / Vol. 86, No. 76 / Thursday, April 22, 2021 / Notices
1
15 U.S.C. 78s(b)(1).
2
15 U.S.C. 78a.
3
17 CFR 240.19b–4.
4
The Exchange initially filed the proposed fee
changes April 1, 2021 (SR–CboeBYX–2021–007).
On April 12, 2021, the Exchange withdrew that
filing and submitted this proposal.
5
See Cboe Global Markets, U.S. Equities Market
Volume Summary, Month-to-Date (March 30, 2021),
available at https://markets.cboe.com/us/equities/
market_statistics/.
6
Orders yielding Fee Code ‘‘N’’ are orders
removing liquidity from BYX (Tape C).
7
Orders yielding Fee Code ‘‘W’’ are orders
removing liquidity from BYX (Tape A).
8
Orders yielding Fee Code ‘‘BB’’ are orders
removing liquidity from BYX (Tape B).
9
E.g., the Nasdaq BX offers rebates ranging from
$0.0009 to $0.0018 to firms reaching certain adding
and removing liquidity volume thresholds;
however, it charges a fee of $0.0007 to firms
removing liquidity that do not reach the adding and
removing volume thresholds. See http://
nasdaqtrader.com/Trader.aspx?id=PriceList
Trading2.
Additional Information or Comments:
To request more information or to
obtain a copy of the information
collection justification, forms, and/or
supporting material, contact Kennisha
Tucker at (312) 469–2591 or
Kennisha.Tucker@rrb.gov. Comments
regarding the information collection
should be addressed to Brian Foster,
Railroad Retirement Board, 844 North
Rush Street, Chicago, Illinois 60611–
1275 or emailed to Brian.Foster@rrb.gov.
Written comments should be received
within 60 days of this notice.
Brian D. Foster,
Clearance Officer.
[FR Doc. 2021–08300 Filed 4–21–21; 8:45 am]
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–91593; File No. SR–
CboeBYX–2021–010]
Self-Regulatory Organizations; Cboe
BYX Exchange, Inc.; Notice of Filing
and Immediate Effectiveness of a
Proposed Rule Change To Amend its
Fees Schedule
April 16, 2021.
Pursuant to Section 19(b)(1)
1
of the
Securities Exchange Act of 1934 (the
‘‘Act’’)
2
and Rule 19b–4 thereunder,
3
notice is hereby given that, on April 12,
2021, Cboe BYX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BYX’’) filed with the
Securities and Exchange Commission
(the ‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
Cboe BYX Exchange, Inc. (the
‘‘Exchange’’ or ‘‘BYX’’ or ‘‘BYX
Equities’’) is filing with the Securities
and Exchange Commission
(‘‘Commission’’) a proposed rule change
to amend its Fee Schedule. The text of
the proposed rule change is provided in
Exhibit 5.
The text of the proposed rule change
is also available on the Exchange’s
website (http://markets.cboe.com/us/
equities/regulation/rule_filings/byx/), at
the Exchange’s Office of the Secretary,
and at the Commission’s Public
Reference Room.
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
The Exchange proposes to amend its
Fee Schedule to decrease the standard
liquidity removing rebate and eliminate
the Step-Up Tiers provided under
footnote 2. The Exchange proposes to
implement the proposed change to its
Fee Schedule on April 1, 2021.
4
The Exchange first notes that it
operates in a highly competitive market
in which market participants can
readily direct order flow to competing
venues if they deem fee levels at a
particular venue to be excessive or
incentives to be insufficient. More
specifically, the Exchange is only one of
16 registered equities exchanges, as well
as a number of alternative trading
systems and other off-exchange venues
that do not have similar self-regulatory
responsibilities under the Exchange Act,
to which market participants may direct
their order flow. Based on publicly
available information, no single
registered equities exchange has more
than 16% of the market share.
5
Thus, in
such a low-concentrated and highly
competitive market, no single equities
exchange possesses significant pricing
power in the execution of order flow.
The Exchange in particular operates a
‘‘Taker-Maker’’ model whereby it pays
credits to members that remove
liquidity and assesses fees to those that
add liquidity. The Exchange’s Fees
Schedule sets forth the standard rebates
and rates applied per share for orders
that remove and provide liquidity,
respectively. Particularly, for securities
at or above $1.00, the Exchange
provides a standard rebate of $0.00050
per share for orders that remove
liquidity and assesses a fee of $0.00200
per share for orders that add liquidity.
For orders priced below $1.00, the
Exchange does not assess a fee or
provide a rebate for orders that add
liquidity and assesses a fee of 0.10% of
total dollar value for orders that remove
liquidity. The Exchange believes that
the ever-shifting market share among
the exchanges from month to month
demonstrates that market participants
can shift order flow or discontinue to
reduce use of certain categories of
products, in response to fee changes.
Accordingly, competitive forces
constrain the Exchange’s transaction
fees, and market participants can readily
trade on competing venues if they deem
pricing levels at those other venues to
be more favorable.
As stated above, the Exchange
currently provides a standard rebate of
$0.00050 per share for liquidity
removing orders (i.e., those yielding fee
codes N,
6
W,
7
and BB
8
) in securities
priced at or above $1.00. Orders in
securities priced below $1.00 that
remove liquidity are assessed a fee of
0.10% of the total dollar value. The
Exchange now proposes to decrease the
current standard rebate of $0.00050 per
share to $0.00020 per share for orders
that remove liquidity for securities
priced at or above $1.00. Orders that
remove liquidity in securities priced
below $1.00 would continue to be
assessed a fee of 0.10% of the total
dollar value. Although this proposed
standard rebate for liquidity removing
orders is lower than the current base
rate for such orders, other taker-maker
exchanges charge a fee for firms
removing liquidity that do not meet
certain volume thresholds.
9
The tiered pricing models set forth in
footnote 2 of the Fee Schedule (Step-Up
Tiers) provide Members an opportunity
to qualify for a reduced fee on their
orders that add liquidity where they
increase their relative liquidity each
month over a predetermined baseline.
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