[Federal Register Volume 74, Number 16 (Tuesday, January 27, 2009)]
[Notices]
[Pages 4786-4787]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-1790]
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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 of a currently
approved collection (with modifications).
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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 (with
modifications) under subparts A, B, and C of Part 4043 of its
regulations on Reportable Events and Certain Other Notification
Requirements (OMB control number 1212-0013; expires February 28, 2009).
This notice informs the public of PBGC's request and solicits public
comment on the collection of information.
DATES: Comments must be submitted by February 26, 2009.
ADDRESSES: Comments should be sent to the Office of Information and
Regulatory Affairs, Office of Management and Budget, Attention: Desk
Officer for Pension Benefit Guaranty Corporation, via electronic mail
at [email protected] or by fax to 202-395-6974.
Copies of the collection of information and comments may be
obtained without charge by writing to the Disclosure Division, Office
of General Counsel, 1200 K St., NW., Washington, DC 20005-4026, or by
visiting the Disclosure Division 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 regulation, forms, and instructions may be
accessed on PBGC's Web site at http://www.pbgc.gov.
FOR FURTHER INFORMATION CONTACT: James Bloch, Program Analyst,
Legislative and Policy Division, or Catherine B. Klion, Manager,
Regulatory and Policy Division, Legislative and Regulatory Department,
Pension Benefit Guaranty Corporation, 1200 K Street, NW., Washington,
DC 20005-4026; 202-326-4024. (For TTY/TDD users, call the Federal relay
service toll-free at 1-800-877-8339 and ask to be connected to 202-326-
4024.)
SUPPLEMENTARY INFORMATION: Section 4043 of the Employee Retirement
[[Page 4787]]
Income Security Act of 1974 (ERISA) requires plan administrators and
plan sponsors to report certain plan and employer events to PBGC. The
reporting requirements give PBGC notice of events that indicate plan or
employer financial problems. PBGC uses the information provided in
determining what, if any, action it needs to take. For example, PBGC
might need to institute proceedings to terminate a 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 forms and instructions have been revised to remove information
that is no longer applicable in light of changes made by the Pension
Protection Act of 2006 and to refer to interim guidance issued by PBGC.
The collection of information under the regulation has been
approved through February 28, 2009, by OMB under control number 1212-
0013. PBGC is requesting that OMB extend approval of the collection
(with modifications) for another 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.
PBGC estimates that it will receive 637 reportable events per year
under this collection of information. PBGC further estimates that the
average annual burden of this collection of information is 2,676 hours
and $936,600.
Issued in Washington, DC, this 21st day of January 2009.
John H. Hanley,
Director, Legislative and Regulatory Department, Pension Benefit
Guaranty Corporation.
[FR Doc. E9-1790 Filed 1-26-09; 8:45 am]
BILLING CODE 7709-01-P