[Federal Register Volume 60, Number 177 (Wednesday, September 13, 1995)]
[Notices]
[Page 47631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22768]
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
Request for Extension of Approval Under the Paperwork Reduction
Act; Collection of Information Under 29 CFR Part 2675, Powers and
Duties of Plan Sponsor of Plan Terminated by Mass Withdrawal
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for OMB approval.
-----------------------------------------------------------------------
SUMMARY: The Pension Benefit Guaranty Corporation has requested that
the Office of Management and Budget extend approval, under the
Paperwork Reduction Act, of the collection of information requirements
(1212-0032) in its regulation on Powers and Duties of Plan Sponsor of
Plan Terminated by Mass Withdrawal (29 CFR Part 2675). The effect of
this notice is to advise the public of the PBGC's request.
DATES: The PBGC is requesting that OMB complete action on the PBGC's
request by September 29, 1995. Comments must be received by September
25, 1995.
ADDRESSES: All written comments should be addressed to: Office of
Information and Regulatory Affairs, Office of Management and Budget,
Attention: Desk Officer for Pension Benefit Guaranty Corporation,
Washington, DC 20503. The request for extension will be available for
public inspection at the PBGC's Communications and Public Affairs
Department, Suite 240, 1200 K Street, NW., Washington, DC 20005-4026,
between 9:00 a.m. and 4:00 p.m. on business days.
FOR FURTHER INFORMATION CONTACT:
Deborah C. Murphy, Attorney, Office of General Counsel, Pension Benefit
Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005-4026,
202-326-4024 (202-326-4179 for TTY and TDD).
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
administers the pension plan termination insurance programs under Title
IV of the Employee Retirement Income Security Act of 1974. This
collection of information (1212-0032) is contained in the PBGC's
regulation on Powers and Duties of Plan Sponsor of Plan Terminated by
Mass Withdrawal (29 CFR Part 2675), which implements requirements of
ERISA sections 4041A and 4281 for the administration of multiemployer
plans that have terminated by mass withdrawal. The PBGC is requesting
that the Office of Management and Budget extend approval of the
collection of information.
The regulation prescribes rules for notices given and applications
made by plan sponsors of mass-withdrawal-terminated plans to assure the
consistency and adequacy of the notices and applications. The PBGC uses
the information submitted to it in making statutory determinations and
identifying and estimating cash needs for financial assistance to the
plans.
The PBGC estimates that a total of 25 plans are required to
distribute or submit a total of 60 notices or applications under the
regulation annually and that the total annual burden of the collection
of information is 835 hours, an average of about 14 hours per response.
Issued at Washington, D.C., this 8th day of September, 1995.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 95-22768 Filed 9-12-95; 8:45 am]
BILLING CODE 7708-01-M
