[Federal Register Volume 76, Number 32 (Wednesday, February 16, 2011)]
[Notices]
[Pages 9075-9076]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-3433]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[T.D. 9052 as amended by T.D. 9472]
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, T.D. 9052, Notice of Significant Reduction
in the Rate of Future Benefit Accrual, as amended by T.D. 9472, Notice
Requirements for Certain Pension Plan Amendments Significantly Reducing
the Rate of Future Benefit Accrual.
DATES: Written comments should be received on or before April 18, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal
Revenue
[[Page 9076]]
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: T.D. 9052: Notice of Significant Reduction in the Rate of
Future Benefit Accrual.
Title: T.D. 9472: Notice Requirements for Certain Pension Plan
Amendments Significantly Reducing the Rate of Future Benefit Accrual.
OMB Number: 1545-1780.
Abstract: T.D. 9052: This document contains final regulations
providing guidance on the notification requirements under section 4980F
of the Internal Revenue Code (Code) and section 204(h) of the Employee
Retirement Income Security Act of 1974 (ERISA). Under these final
regulations, a plan administrator must give notice of a plan amendment
to certain plan participants and beneficiaries when the plan amendment
provides for a significant reduction in the rate of future benefit
accrual or the elimination or significant reduction in an early
retirement benefit or retirement-type subsidy. These final regulations
affect retirement plan sponsors and administrators, participants in and
beneficiaries of retirement plans, and employee organizations
representing retirement plan participants.
Abstract: T.D. 9472: This document contains final regulations
providing guidance relating to the application of the section 204(h)
notice requirements to a pension plan amendment that is permitted to
reduce benefits accrued before the plan amendment's applicable
amendment date. These regulations also reflect certain amendments made
to the section 204(h) notice requirements by the Pension Protection Act
of 2006. These final regulations generally affect sponsors,
administrators, participants, and beneficiaries of pension plans.
Current Actions: There are no changes being made to this existing
regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 4,000.
Estimated Time per Respondent: 10 hours.
Estimated Total Annual Burden Hours: 40,000.
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 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: January 20, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-3433 Filed 2-15-11; 8:45 am]
BILLING CODE 4830-01-P