[Federal Register: December 27, 2005 (Volume 70, Number 247)]
[Notices]
[Page 76472]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27de05-68]

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PENSION BENEFIT GUARANTY CORPORATION

Submission of Information Collection for OMB Review; Comment
Request; Reportable Events

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 the collection of information under
part 4043 of its regulations relating to Reportable Events (OMB control
number 1212-0013; expires January 31, 2006). 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 January 26, 2006.

ADDRESSES: Comments may be mailed to the Office of Information and
Regulatory Affairs of the Office of Management and Budget, Attn: Desk
Officer for Pension Benefit Guaranty Corporation, Washington, DC 20503.
Copies of the request for extension may be obtained without charge
by writing to the PBGC's Communications and Public Affairs Department
at Suite 11102 at the above address or by visiting that office or
calling 202-326-4040 during normal business hours. (TTY and TDD users
may call the Federal relay service toll-free at 1-800-877-8339 and ask
to be connected to 202-326-4040.) The reportable events regulations,
forms, and instructions may be accessed on the PBGC's Web site at
http://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: James L. Beller, Jr., Attorney,
Legislative and Regulatory Department, 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: Section 4043 of the Employee Retirement
Income Security Act of 1974 (ERISA) requires plan administrators and
plan sponsors to report certain plan and corporate events to the PBGC.
The reporting requirements give the PBGC timely notice of events that
indicate plan or employer financial problems. The PBGC uses the
information provided in determining what, if any, action it needs to
take. For example, the PBGC might need to institute proceedings to
terminate the plan (placing it in trusteeship) under section 4042 of
ERISA to ensure the continued payment of benefits to plan participants
and their beneficiaries or to prevent unreasonable increases in its
losses.
The collection of information under the regulation has been
approved through January 31, 2006, by OMB under control number 1212-
0013. The PBGC is requesting that OMB extend its approval for another
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 will receive 705 reportable events per
year under this collection of information. The PBGC further estimates
that the average annual burden of this collection of information is
2,974 hours and $817,850.

Issued in Washington, DC, this 19th day of December, 2005.
Rick Hartt,
Chief Technology Officer, Pension Benefit Guaranty Corporation.
[FR Doc. E5-7828 Filed 12-23-05; 8:45 am]

BILLING CODE 7708-01-P