Notice2021-19665
Agency Information Collection Activities; Submission to the Office of Management and Budget (OMB) for Review and Approval; Comment Request; Quarterly Survey of Public Pensions
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 13, 2021
Issuing agencies
Commerce DepartmentCensus Bureau
Full Text
<html>
<head>
<title>Federal Register, Volume 86 Issue 174 (Monday, September 13, 2021)</title>
</head>
<body><pre>
[Federal Register Volume 86, Number 174 (Monday, September 13, 2021)]
[Notices]
[Pages 50873-50874]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-19665]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF COMMERCE
Census Bureau
Agency Information Collection Activities; Submission to the
Office of Management and Budget (OMB) for Review and Approval; Comment
Request; Quarterly Survey of Public Pensions
The Department of Commerce will submit the following information
collection request to the Office of Management and Budget (OMB) for
review and clearance in accordance with the Paperwork Reduction Act of
1995, on or after the date of publication of this notice. We invite the
general public and other Federal agencies to comment on proposed, and
continuing information collections, which helps us assess the impact of
our information collection requirements and minimize the public's
reporting burden. Public comments were previously requested via the
Federal Register on June 24, 2021 during a 60-day comment period. This
notice allows for an additional 30 days for public comments.
Agency: U.S. Census Bureau, Commerce Department.
Title: Quarterly Survey of Public Pensions.
OMB Control Number: 0607-0143.
Form Number(s): F-10.
Type of Request: Regular submission, Request for an Extension,
without Change, of a Currently Approved Collection.
Number of Respondents: 100.
Average Hours per Response: 45 minutes.
Burden Hours: 300.
Needs and Uses: The Quarterly Survey of Public Pensions, provides a
rich source of data on public retirement systems administered by state
and local governments in the United States. Over 4.6 trillion dollars
in public pension assets in the financial markets are controlled by a
small number of large retirement systems. The frame for the 2012 Census
of Governments identified 3,992 public retirement systems administered
by state and local governments and 5,529 were identified in the 2017
Census of Governments. The 100 largest systems, as measured by the
system assets, account for about 87.2 percent of the total assets of
all systems, based on the 2012 Census of Governments. The Quarterly
Survey of Public Pensions is used to collect data on the revenues,
expenditures, and composition of assets of the 100 largest defined
benefit public employee pension systems for state and local
governments.
Currently, we are requesting approval to conduct the 2022, 2023 and
2024 Quarterly Survey of Public Pensions.
This survey was initiated in 1968 at the request of both the
Council of Economic Advisers and the Federal Reserve Board. The most
important information this survey provides is the quarterly change in
composition of the securities holdings of the defined benefit public
employee retirement systems component of the economy. The Federal
Reserve Board uses these data to track the public sector portion of the
Flow of Funds Accounts. Additionally, the data are used by a variety of
government officials, academics, students, and non-profit organizations
to analyze trends in public employee retirement and the impact of
retirement obligations on the fiscal well-being of state and local
governments.
The survey provides a focus on the asset composition of the largest
systems. These data are already produced for existing internal and
external needs, and most closely align with the needs of the Federal
Reserve Board. Additionally, the related Annual Survey of Public
Pensions (0607-0585) will continue to provide a robust collection of
revenue and benefit data on a fiscal year basis. These data items are
in demand on an annual basis and are already created for internal and
external purposes by most systems as they are required items in
Comprehensive Annual Financial Reports (CAFRs).
Summary tables of the information collected are released quarterly
on the internet. Documentation and explanatory materials are also
available on the internet site here: <a href="https://www.census.gov/programs-surveys/qspp.html">https://www.census.gov/programs-surveys/qspp.html</a>.
Affected Public: State, Local, or Tribal government.
Frequency: Quarterly.
Respondent's Obligation: Voluntary.
Legal Authority: Title 13, U.S.C., section 161 and 182.
This information collection request may be viewed at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>. Follow the instructions to view the Department of
Commerce collections currently under review by OMB.
Written comments and recommendations for the proposed information
collection should be submitted within 30 days of the publication of
this notice on the
[[Page 50874]]
following website <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function and
entering either the title of the collection or the OMB Control Number
0607-0143.
Sheleen Dumas,
Department PRA Clearance Officer, Office of the Chief Information
Officer, Commerce Department.
[FR Doc. 2021-19665 Filed 9-10-21; 8:45 am]
BILLING CODE 3510-07-P
</pre></body>
</html>Indexed from Federal Register on September 13, 2021.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.