[Federal Register Volume 68, Number 17 (Monday, January 27, 2003)]
[Notices]
[Page 3903]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-1766]
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PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review; Comment
Request; Reportable Events
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval.
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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting
that the Office of Management and Budget (OMB) extend approval, under
the Paperwork Reduction Act, of the collection of information under
part 4043 of its regulations relating to Reportable Events (OMB control
number 1212-0013; expires February 28, 2003). This notice informs the
public of the PBGC's request and solicits public comment on the
collection of information.
DATES: Comments should be submitted by February 26, 2003.
ADDRESSES: Comments may be mailed to the Office of Information and
Regulatory Affairs of the Office of Management and Budget, Attn: Desk
Officer for Pension Benefit Guaranty Corporation, Washington, DC 20503.
Copies of the request for extension may be obtained without charge
by writing to the PBGC's Communications and Public Affairs Department
at the above address or by visiting that office or calling 202-326-4040
during normal business hours. (TTY and TDD users may call the Federal
relay service toll-free at 1-800-877-8339 and ask to be connected to
202-326-4040.) The reportable events regulations, forms, and
instructions may be accessed on the PBGC's Web site at http://www.pbgc.gov.
FOR FURTHER INFORMATION CONTACT: Harold J. Ashner, Assistant General
Counsel, or James L. Beller, Attorney, Office of the General Counsel,
Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington,
DC 20005-4026, 202-326-4024. (For TTY and TDD, call the Federal relay
service toll-free at 1-800-877-8339 and request connection to 202-326-
4024.)
SUPPLEMENTARY INFORMATION: Section 4043 of the Employee Retirement
Income Security Act of 1974 (ERISA) requires plan administrators and
plan sponsors to report certain plan and corporate events to the PBGC.
The reporting requirements give the PBGC timely notice of events that
indicate plan or employer financial problems. The PBGC uses the
information provided in determining what, if any, action it needs to
take. For example, the PBGC might need to institute proceedings to
terminate the plan (placing it in trusteeship) under section 4042 of
ERISA to ensure the continued payment of benefits to plan participants
and their beneficiaries or to prevent unreasonable increases in its
losses.
The collection of information under the regulation has been
approved through February 28, 2003, by OMB under control number 1212-
0013. The PBGC is requesting that OMB extend its approval. An agency
may not conduct or sponsor, and a person is not required to respond to,
a collection of information unless it displays a currently valid OMB
control number.
The PBGC estimates that it will receive 537 reportable events
notices per year under this collection of information. The PBGC further
estimates that the average annual burden of this collection of
information is 2,260 hours and $452,000.
Issued in Washington, DC, this 22nd day of January, 2003.
Stuart Sirkin,
Director, Corporate Policy and Research Department, Pension Benefit
Guaranty Corporation.
[FR Doc. 03-1766 Filed 1-24-03; 8:45 am]
BILLING CODE 7708-01-P