[Federal Register Volume 69, Number 206 (Tuesday, October 26, 2004)]
[Notices]
[Page 62487]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-23937]
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PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review; Comment
Request; Disclosure to Participants
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 a collection of
information in its regulation on Disclosure to Participants (29 CFR
part 4011) (OMB control number 1212-0050). 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 November 26, 2004.
ADDRESSES: Comments should be mailed to the Office of Information and
Regulatory Affairs of the Office of Management and Budget, Attention:
Desk Officer for Pension Benefit Guaranty Corporation, Washington, DC
20503.
Copies of the request for extension (including the collection of
information) may be obtained by writing to the PBGC's Communications
and Public Affairs Department, suite 240, 1200 K Street, NW.,
Washington, DC 20005-4026, 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 regulation on Disclosure to
Participants can be accessed on the PBGC's Web site at http://www.pbgc.gov.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, 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 800-877-8339 and request connection to 202-326-4024).
SUPPLEMENTARY INFORMATION: Section 4011 of the Employee Retirement
Income Security Act of 1974 requires plan administrators of certain
underfunded single-employer pension plans to provide an annual notice
to plan participants and beneficiaries of the plan's funding status and
the limits on the PBGC's guarantee.
The PBGC's regulation implementing this provision (29 CFR part
4011) prescribes which plans are subject to the notice requirement, who
is entitled to receive the notice, and the time, form, and manner of
issuance of the notice. The notice provides recipients with meaningful,
understandable, and timely information that will help them become
better informed about their plans and assist them in their financial
planning.
The collection of information under the regulation has been
approved by OMB under control number 1212-0050 (expires November 30,
2004). The PBGC is requesting that OMB extend its approval for three
years. 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 an average of 3,917 plan administrators per
year will respond to this collection of information. The PBGC further
estimates that the average annual burden of this collection of
information is 2.15 hours and $148 per plan administrator, with an
average total annual burden of 8,428 hours and $579,425.
Issued in Washington, DC, this 20th day of October, 2004.
Stuart A. Sirkin,
Director, Corporate Policy and Research Department.
[FR Doc. 04-23937 Filed 10-25-04; 8:45 am]
BILLING CODE 7708-01-P