[Federal Register Volume 64, Number 188 (Wednesday, September 29, 1999)]
[Notices]
[Page 52558]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-25303]
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PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review; Comment
Request; Locating and Paying Participants
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval (with
modifications).
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SUMMARY: The Pension Benefit Guaranty Corporation is requesting that
the Office of Management and Budget extend its approval (with
modifications) of a collection of information under the Paperwork
Reduction Act. The purpose of the information collection is to enable
the PBGC to pay benefits to participants and beneficiaries in plans
covered by the PBGC insurance program. This notice informs the public
of the PBGC's request and solicits public comment on the collection of
information.
DATES: Comments should be submitted by October 29, 1999.
ADDRESSES: Comments should be mailed to the Office of Information and
Regulatory Affairs of the Office of Management and Budget, Attention:
Desk Officer for Pension Benefit Guaranty Corporation, Washington, DC
20503. Copies of the request for extension (including the collection of
information) are available from the Communications and Public Affairs
Department, suite 240, 1200 K Street, NW., Washington, DC 20005-4026,
between 9 a.m. and 4 p.m. on business days.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Attorney, Office
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K
Street, NW., Washington, DC 20005-4026, 202-326-4024. (For TTY and TDD,
call the Federal relay service toll-free at 1-800-877-8339 and request
connection to 202-326-4024).
SUPPLEMENTARY INFORMATION: The PBGC is requesting that OMB extend its
approval (with modifications) of a collection of information needed to
pay participants and beneficiaries who may be entitled to pension
benefits under a defined benefit plan that has terminated. The
collection consists of information participants and beneficiaries are
asked to provide in connection with an application for benefits. In
addition, in some instances, as part of a search for participants and
beneficiaries who may be entitled to benefits, the PBGC requests
individuals to provide identifying information that the individual
would provide as part of an initial contact with the PBGC. All
requested information is needed to enable the PBGC to determine benefit
entitlements and to make appropriate payments.
The existing collection of information was approved under control
number 1212-0055 (expires June 30, 2000). The PBGC has revised the
existing forms to simplify language and incorporate regulatory changes.
The PBGC estimates that 72,250 benefit application or information
forms will be filed annually by individuals entitled to benefits from
the PBGC and that the associated burden is 30,625 hours (an average of
slightly less than 30 minutes per individual) and $23,512.50. The PBGC
further estimates that 5,500 individuals annually will provide the PBGC
with identifying information as part of an initial contact and that the
associated burden is 1,500 hours (an average of about 15 minutes per
individual) and $990. Thus, the total estimated annual burden
associated with this collection of information is 32,125 hours and
$24,502.50.
Issued in Washington, D.C., this 23rd day of September, 1999.
Stuart A. Sirkin,
Director, Corporate Policy and Research Department, Pension Benefit
Guaranty Corporation.
[FR Doc. 99-25303 Filed 9-28-99; 8:45 am]
BILLING CODE 7708-01-P
