Notice2024-22365
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 30, 2024
Issuing agencies
Commerce DepartmentCensus Bureau
Full Text
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<title>Federal Register, Volume 89 Issue 189 (Monday, September 30, 2024)</title>
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[Federal Register Volume 89, Number 189 (Monday, September 30, 2024)]
[Notices]
[Pages 79513-79514]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-22365]
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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 6, 2024, during a 60-day comment period. This
notice allows for an additional 30 days for public comments.
Agency: U.S. Census Bureau, Commerce.
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. The 100 largest systems, as measured by
the system assets,
[[Page 79514]]
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. The panel
will be updated in 2025 based on the results of the 2022 Census of
Governments.
Currently, we are requesting approval to conduct the 2025, 2026 and
2027 Quarterly Survey of Public Pensions. We are requesting no changes
to the currently approved information collection form. The Quarterly
Survey of Public Pensions enables policy makers and economists to focus
on the asset base of public employee retirement systems while balancing
respondent burden and data quality and providing a timelier subset of
the data published in the Annual 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>.
Frequency: Quarterly.
Respondent's Obligation: Voluntary.
Legal Authority: Title 13, U.S.C., Section 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 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 Under Secretary for
Economic Affairs, Commerce Department.
[FR Doc. 2024-22365 Filed 9-27-24; 8:45 am]
BILLING CODE 3510-07-P
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</html>Indexed from Federal Register on September 30, 2024.
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