[Federal Register Volume 75, Number 191 (Monday, October 4, 2010)]
[Notices]
[Pages 61240-61241]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-24761]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[REG-139236-07 (TD 9467)]
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an
existing Final Regulation, REG-139236-07 (TD 9467), Measurement of
Assets and Liabilities for Pension Funding Purposes.
DATES: Written comments should be received on or before December 3,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald Shields, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Joel Goldberger at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 927-9368, or through the Internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Measurement of Assets and Liabilities for Pension Funding
Purposes.
OMB Number: 1545-2095.
Regulation Project Number: REG-139236-07 (TD 9467).
Abstract: (These final regulations were issued in two separate
NPRMs, which received separate OMB control numbers of 1545-2095 and
1545-2112. The NPRMs have been combined into a single set of final
regulations and the IRS is changing the Information Collection Request
(ICR) under OMB control number 1545-2095 and abandoning the ICR under
OMB control number 1545-2112. The collections that were under 1545-2112
are being added to 1545-2095.)
In order to implement the statutory provisions under sections 430
and 436, this final regulation contains collections of information in
Sec. Sec. 1.430(f)-1(f), 1.430(h)(2)-1(e), 1.436-1(f), and 1.436-1(h).
The information required under Sec. 1.430(f)-1(f) is required in order
for plan sponsors to make elections regarding a plan's credit balances
upon occasion. The information under Sec. 1.430(g)-1(d)(3) is required
in order for a plan sponsor to include as a plan asset a contribution
made to avoid a restriction under section 436. The information required
under Sec. 1.430(h)(2)-1(e) is required in order for a plan sponsor to
make an election to use an alternative interest rate for purposes of
determining a plan's funding obligations under Sec. 1.430(h)(2)-1. The
information required under Sec. Sec. 1.436-1(f) and 1.436-1(h) is
required in order for a qualified defined benefit plan's enrolled
actuary to provide a timely certification of the plan's adjusted
funding target attainment percentage (AFTAP) for each plan year to
avoid certain benefit restrictions.
Current Actions: There is no change to this existing regulation.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals, business or other for-profit
organizations, not-for-profit institutions and Federal, state, local or
tribal governments.
Estimated Number of Respondents: 80,000.
Estimated Time per Respondent: 1.5 hrs.
Estimated Total Annual Burden Hours: 120,000.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will
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be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: September 15, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-24761 Filed 10-1-10; 8:45 am]
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