98-2129. Proposed Collection; Comment Request
[Federal Register Volume 63, Number 19 (Thursday, January 29, 1998)]
[Notices]
[Pages 4501-4502]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2129]
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RAILROAD RETIREMENT BOARD
Proposed Collection; Comment Request
SUMMARY: In accordance with the requirement of Section 3506(c)(2)(A) of
the Paperwork Reduction Act of 1995 which provides opportunity for
public comment on new or revised data collections, the Railroad
Retirement Board (RRB) will publish periodic summaries of proposed data
collections.
Comments Are Invited On
(a) Whether the proposed information collection is necessary for
the proper performance of the functions of the agency, including
whether the information has practical utility; (b) the accuracy of the
RRB's estimate of the burden of the collection of the information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden related to the
collection of information on respondents, including the use of
automated collection techniques or other forms of information
technology.
Title and Purpose of Information Collection
Withholding Certificate for Railroad Retirement Monthly Annuity
Payments; OMB 3220-0149.
The Internal Revenue Code requires all payers of tax liable private
pensions to U.S. citizens to: (1) Notify each recipient at least
concurrent with initial withholding that the payer is, in fact,
withholding benefits for tax liability and that the recipient has the
option of electing not to have the payer withhold, or to withhold at a
specific rate; (2) withhold benefits for tax purposes (in the absence
of the recipient's election not to withhold benefits); and (3) notify
all beneficiaries, at least annually, that they have the option of
changing their withholding status or elect not to have benefits
withheld.
The Railroad Retirement Board provides Form RRB-W4P, Withholding
Certificate for Railroad Retirement
[[Page 4502]]
Payments, to its annuitants to exercise their withholding options.
Completion of the form is required to obtain or retain a benefit. One
response is requested of each respondent.
No changes are being proposed to the current version of Form RRB W-
4P used by the RRB. The RRB estimates that 25,000 annuitants utilize
Form RRB W-4P annually. The completion time for Form RRB W-4P varies
depending on individual circumstances. The average completion time for
Form RRB W-4P is estimated at 40 minutes for recordkeeping, 20 minutes
for learning about the law or the form, and 49 minutes for preparing
the form.
ADDITIONAL INFORMATION OR COMMENTS:
To request more information or to obtain a copy of the information
collection justification, forms, and/or supporting material, please
call the RRB Clearance Officer at (312) 751-3363. Comments regarding
the information collection should be addressed to Ronald J. Hodapp,
Railroad Retirement Board, 844 N. Rush Street, Chicago, Illinois 60611-
2092. Written comments should be received within 60 days of this
notice.
Chuck Mierzwa,
Clearance Officer.
[FR Doc. 98-2129 Filed 1-28-98; 8:45 am]
BILLING CODE 7905-01-M
Document Information
- Published:
- 01/29/1998
- Department:
- Railroad Retirement Board
- Entry Type:
- Notice
- Document Number:
- 98-2129
- Pages:
- 4501-4502 (2 pages)
- PDF File:
-
98-2129.pdf