[Federal Register Volume 60, Number 29 (Monday, February 13, 1995)]
[Notices]
[Page 8261]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3446]
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PENSION BENEFIT GUARANTY CORPORATION
Request for Review Under the Paperwork Reduction Act; Collection
of Information Under 29 CFR Part 2672, Mergers And Transfers Between
Multiemployer Plans
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for OMB review.
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SUMMARY: This notice advises the public that the Pension Benefit
Guaranty Corporation has requested review by the Office of Management
and Budget for a collection of information (1212-0022) contained in its
regulation on Mergers and Transfers Between Multiemployer Plans (29 CFR
part 2672).
ADDRESSES: All written comments should be addressed to: Office of
Management and Budget, Paperwork Reduction Project (1212-0022),
Washington, DC 20503. The request for review will be available for
public inspection at the PBGC Communications and Public Affairs
Department, Suite 240, 1200 K Street NW., Washington, DC 20005-4026,
between the hours of 9 a.m. and 4 p.m.
FOR FURTHER INFORMATION CONTACT:
Deborah C. Murphy, Attorney, office of the General Counsel, Suite 340,
Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC
20005-4026, 202-326-4024 (202-326-4179 for TTY and TDD).
SUPPLEMENTARY INFORMATION: This collection of information is contained
in the Pension Benefit Guaranty Corporation's (``PBGC's'') regulation
on Mergers and Transfers Between Multiemployer Plans, 29 CFR Part 2672.
Section 4231 of the Employee Retirement Income Security Act of 1974
(ERISA) imposes requirements on multiemployer plan mergers and
transfers and provides that a merger or transfer will be deemed not to
be in violation of ERISA section 406 (a) or (b)(2) (dealing with
prohibited transactions) if the PBGC determines that those requirements
are satisfied. Pursuant to section 4231, the PBGC has promulgated its
regulation on Mergers and Transfers Between Multiemployer Plans (29 CFR
part 2672), which sets forth (in Secs. 2672.2, 2672.7, and 2672.8) the
procedures a plan sponsor must follow to give the PBGC notice of a
merger or transfer under section 4231 or to request a PBGC
determination that a merger or transfer complies with the requirements
of section 4231. The PBGC uses information submitted by multiemployer
plan sponsors under the regulation to determine whether mergers and
transfers conform to the requirements of ERISA section 4231 and the
regulation.
The PBGC estimates that it takes a respondent an average of 5 hours
to prepare a submission under the regulation and, based on its
experience, that about 20 submissions are made each year.
Accordingly, the estimated burden of the collection of information
is 100 hours.
Issued at Washington, DC, this 7th day of February 1995.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 95-3446 Filed 2-10-95; 8:45 am]
BILLING CODE 7708-01-M
