95-3447. Request for Review Under the Paperwork Reduction Act; Collection of Information Under 29 CFR Part 2645, Extension of Special Withdrawal Liability Rules

[Federal Register Volume 60, Number 29 (Monday, February 13, 1995)]
[Notices]
[Pages 8260-8261]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3447]



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PENSION BENEFIT GUARANTY CORPORATION


Request for Review Under the Paperwork Reduction Act; Collection 
of Information Under 29 CFR Part 2645, Extension of Special Withdrawal 
Liability Rules

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 (1212-0023) 
[[Page 8261]] contained in its regulation on Extension of Special 
Withdrawal Liability Rules (29 CFR part 2645).

ADDRESSES: All written comments should be addressed to: Office of 
Management and Budget, Paperwork Reduction Project (1212-0023), 
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 at 9:00 a.m. and 4:00 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 Extension of Special Withdrawal Liability Rules, 29 CFR part 2645.
    Sections 4203(f) and 4208(e)(3) of the Employee Retirement Income 
Security Act of 1974 (``ERISA'') provide for the PBGC's issuance of 
regulations under which the PBGC may approve a multiemployer pension 
plan's adoption of special rules for determining whether a complete or 
partial withdrawal from the plan has occurred. Section 4203(f) also 
sets standards for the approval of such special rules. The PBGC's 
regulation on Extension of Special Withdrawal Liability Rules requires 
the plan sponsor of a plan that adopts special rules to submit 
information about the rules, the plan, and the industry in which the 
plan operates with its request for PBGC approval of the rules. The PBGC 
uses that information in determining whether the plan's special 
withdrawal liability rules meet the requirements of ERISA.
    The PBGC estimates that it receives three requests per year under 
the regulation and that each request takes sixteen hours to prepare. 
Thus, the total estimated burden is 48 hours per year.

    Issued at Washington, DC, this 7th day of February 1995.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 95-3447 Filed 2-10-95; 8:45 am]
BILLING CODE 7708-01-M