[Federal Register Volume 60, Number 179 (Friday, September 15, 1995)]
[Notices]
[Pages 47969-47970]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-23000]
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PENSION BENEFIT GUARANTY CORPORATION
Request for Extension of Approval Under the Paperwork Reduction
Act; Collection of Information Under 29 CFR Part 2647, Reduction or
Waiver of Complete Withdrawal Liability
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval.
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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
(1212-0044) contained in its regulation on Reduction or Waiver of
Complete Withdrawal Liability (29 CFR Part 2647). The effect of this
notice is to advise the public of the PBGC's request.
DATES: Th 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: This collection of information is contained
in the Pension Benefit Guaranty Corporation's regulation on Reduction
or Waiver of Complete Withdrawal Liability (29 CFR Part 2647), which is
promulgated pursuant to section 4207 of the Employee Retirement Income
Security Act of 1974. Section 4208 authorizes the Pension Benefit
Guaranty Corporation to promulgate rules for the reduction or
elimination of an employer's complete withdrawal liability.
Under the regulation, a contributing employer can apply to a
multiemployer plan for a determination that it has met the requirements
for abatement of
[[Page 47970]]
complete withdrawal liability, and a multiemployer plan sponsor can
apply to the PBGC for approval of individually-tailored plan rules for
abatement of complete withdrawal liability. The PBGC uses information
submitted to it to determine whether plan rules satisfy statutory
standards.
The PBGC estimates that the total annual burden of the regulation
is 125\1/2\ hours. Of this total, 125 hours represents 100 employer
abatement applications and plan responses and one-half hour represents
a submission to the PBGC by one plan sponsor.
Issued at Washington, DC., this 12th day of September, 1995.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 95-23000 Filed 9-14-95; 8:45 am]
BILLING CODE 7708-01-M
