Federal Register Documents
[Federal Register: March 3, 1998 (Volume 63, Number
41)]
[Notices]
[Page 10418-10419]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03mr98-115]
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PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review;
Comment Request; Extension of Special Withdrawal
Liability Rules
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval.
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SUMMARY: The Pension Benefit Guaranty Corporation
(``PBGC'') is requesting that the Office of Management
and Budget (``OMB'') extend approval, under the
Paperwork Reduction Act, of a collection of information
in its regulation on Extension of Special Withdrawal
Liability Rules (29 CFR Part 4203) (OMB control number
1212-0023). 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 April 2, 1998.
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 of the
Pension Benefit Guaranty Corporation, 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: Deborah C. Murphy,
Attorney, office of the General Counsel, Pension Benefit
Guaranty Corporation, 1200 K Street, NW., Washington, DC
20005-4026, 202-326-4024. (For TTY/TDD users, call the
Federal relay service toll-free at 1-800-877-8339 and
ask to be connected to 202-326-4024.)
SUPPLEMENTARY INFORMATION: 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
[[Page 10419]]
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 (29 CFR Part 4203) 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
regulation may be accessed on the PBGC's home page at
http://www.pbgc.gov.)
The collection of information under the regulation has
been approved by OMB under control number 1212-0023. The
PBGC is requesting that OMB extend its approval for
three years. An agency may not conduct or sponsor, and a
person is not required to respond to, a collection of
information unless it displays a currently valid OMB
control number. The PBGC estimates that it receives at
most one submission from a plan sponsor annually under
the regulation; that virtually all submissions are
prepared by outside consultants; that the total annual
hour burden of engaging the services of such consultants
is one hour; and that the total annual cost burden of
having the submissions prepared is $2,400.
Issued in Washington, DC, this 25th day of February,
1998.
David M. Strauss,
Executive Director, Pension Benefit Guaranty
Corporation.
[FR Doc. 98-5461 Filed 3-2-98; 8:45 am]
BILLING CODE 7708-01-P