WAIS Document Retrieval[May 14, 2001 (Volume 66, Number 93)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[DOCID: f:ua010440.wais]
[Page 26379-26382]
Pension Benefit Guaranty Corporation
[[Page 26379]]
Part XL
_______________________________________________________________________
Semiannual Regulatory Agenda
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PENSION BENEFIT GUARANTY CORPORATION (PBGC)
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Ch. XXVI
Agenda of Regulations Under Development
AGENCY: Pension Benefit Guaranty Corporation (PBGC).
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: This document sets forth the Pension Benefit Guaranty
Corporation's regulatory agenda issued under Executive Order 12866 and
the Regulatory Flexibility Act. The agenda lists regulations that are
currently under development or review or that PBGC expects to have
under development or review during the next 12 months. The effect of
this agenda is to advise the public of PBGC's current and future
regulatory activities.
ADDRESSES: Office of the General Counsel, Pension Benefit Guaranty
Corporation, 1200 K Street NW., Washington, DC 20005-4026.
FOR FURTHER INFORMATION CONTACT: For further information on the agenda
in general, contact Harold J. Ashner, Assistant General Counsel, Office
of the General Counsel, (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.) For information about a specific
regulation project listed on the agenda, contact the person designated
in the agenda for that regulation.
SUPPLEMENTARY INFORMATION: Under the President's order on Regulatory
Planning and Review, Executive Order 12866 (58 FR 51735, October 4,
1993), each agency is required to prepare an agenda of all regulations
under development or review. The Regulatory Flexibility Act, Public Law
98-354, 5 U.S.C. 601, has a similar agenda requirement. Under that law,
the agenda must list any regulation that is likely to have a
significant economic impact on a substantial number of small entities.
The Office of Management and Budget has issued guidelines
prescribing the form and content of the regulatory agenda. Under
those guidelines, the agenda must list all regulatory activities
being conducted or reviewed in the next 12 months and provide
certain specified information on each regulation.
John Seal,
Acting Executive Director, Pension Benefit Guaranty Corporation.
Pension Benefit Guaranty Corporation--Proposed Rule Stage
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Regulation
Sequence Title Identification
Number Number
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3862 Filing Rules........................................................................ 1212-AA89
3863 Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets..... 1212-AA55
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Pension Benefit Guaranty Corporation--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
3864 Assessment Of and Relief From Penalties............................................. 1212-AA95
3865 Payment of Benefits in PBGC-Trusteed Plans.......................................... 1212-AA35
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Pension Benefit Guaranty Corporation--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
3866 Payment of Premiums................................................................. 1212-AA58
3867 Calculation and Payment of Unfunded Nonguaranteed Benefits.......................... 1212-AA54
3868 Miscellaneous Statutory Amendments.................................................. 1212-AA79
3869 Treatment of Substantial Cessation of Operations.................................... 1212-AA84
3870 Premium Self-Audit.................................................................. 1212-AA93
3871 Cash Balance Plans With Variable Indices............................................ 1212-AA96
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_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Proposed Rule Stage
_______________________________________________________________________
3862. FILING RULES
Priority: Substantive, Nonsignificant
Legal Authority: 29 USC 1301 et seq
CFR Citation: 29 CFR 4000
Legal Deadline: None
Abstract: The PBGC's rules governing the date of filing vary, depending
on the regulation involved and the method of filing used (e.g., mail
postmarked by the United States Postal Service, metered mail,
commercial delivery
[[Page 26381]]
service, facsimile). The PBGC intends to clarify and simplify its
filing rules and to provide greater flexibility in methods of filing
(including by electronic means).
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/01
NPRM Comment Period End 02/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Thomas H. Gabriel, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K Street NW,
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA89
_______________________________________________________________________
3863. ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS; VALUATION OF
BENEFITS AND ASSETS
Priority: Other Significant
Legal Authority: 29 USC 1302(b)(3); 29 USC 1341; 29 USC 1301(a); 29 USC
1344; 29 USC 1362
CFR Citation: 29 CFR 4044, subpart B
Legal Deadline: None
Abstract: The Pension Benefit Guaranty Corporation is considering
amending its benefit valuation and asset allocation regulations by
adopting more current mortality tables and otherwise simplifying and
improving its valuation assumptions and methods.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 03/19/97 62 FR 12982
ANPRM Comment Period End 05/19/97
NPRM 03/00/02
NPRM Comment Period End 05/00/02
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: James L. Beller, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K Street NW,
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA55
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Final Rule Stage
_______________________________________________________________________
3864. ASSESSMENT OF AND RELIEF FROM PENALTIES
Priority: Substantive, Nonsignificant
Legal Authority: 28 USC 2461 note; 29 USC 1302(b)(3); 29 USC 1303(a);
29 USC 1306; 29 USC 1307; 29 USC 1371
CFR Citation: 29 CFR 4003; 29 CFR 4007; 29 CFR 4071
Legal Deadline: None
Abstract: The PBGC has issued a number of policy statements about
penalties over the last few years. For the convenience of the public,
the PBGC proposes to replace those policy statements with an updated
and expanded set of penalty policies codified in its regulations.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 01/12/01 66 FR 2856
NPRM Comment Period End 03/13/01
Final Action 01/00/02
Final Action Effective 02/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Deborah C. Murphy, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K Street NW,
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA95
_______________________________________________________________________
3865. PAYMENT OF BENEFITS IN PBGC-TRUSTEED PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 29 USC 1302(b)(3); 29 USC 1322; 29 USC 1342
CFR Citation: 29 CFR 4022
Legal Deadline: None
Abstract: When the PBGC assumes trusteeship of a terminated pension
plan pursuant to sections 4041 and 4042 of ERISA, it pays benefits to
participants pursuant to plan provisions and section 4022 of ERISA.
This regulation will fill gaps in the rules and otherwise clarify
matters that had been handled on a case-by-case basis in the past.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/26/00 65 FR 81456
NPRM Comment Period End 02/26/01
Final Action 12/00/01
Final Action Effective 01/00/02
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Catherine B. Klion, Attorney, Office of the General
Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW,
Washington, DC 20005-4024
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA35
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_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Long-Term Actions
_______________________________________________________________________
3866. PAYMENT OF PREMIUMS
Priority: Other Significant
CFR Citation: 29 CFR 4006; 29 CFR 4007
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 04/10/92 57 FR 12666
NPRM Comment Period End 05/26/92
NPRM Comment Period Extended to
11/16/92 09/17/92 57 FR 42910
Final Action Extending Premium
Due Dates 12/14/98 63 FR 68684
Final Action Extending Premium
Due Dates Effective 02/12/99
Final Action Amending
Participant Definition and
Making Other Simplifying Changes12/01/00 65 FR 75160
Final Action Amending
Participant Definition and
Making Other Simplifying Changes
Effective 01/01/01
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Deborah C. Murphy
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA58
_______________________________________________________________________
3867. CALCULATION AND PAYMENT OF UNFUNDED NONGUARANTEED BENEFITS
Priority: Other Significant
CFR Citation: 29 CFR 4022 subpart C
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Peter H. Gould
Phone: 202 326-4020
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA54
_______________________________________________________________________
3868. MISCELLANEOUS STATUTORY AMENDMENTS
Priority: Substantive, Nonsignificant
CFR Citation: 29 CFR 4000 et seq
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Thomas H. Gabriel
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA79
_______________________________________________________________________
3869. TREATMENT OF SUBSTANTIAL CESSATION OF OPERATIONS
Priority: Substantive, Nonsignificant
CFR Citation: 29 CFR 4062
Timetable: Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: James L. Beller
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA84
_______________________________________________________________________
3870. PREMIUM SELF-AUDIT
Priority: Substantive, Nonsignificant
CFR Citation: 29 CFR 4007
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Request for Comments To Be Determined
Comment Period End To Be Determined
Regulatory Flexibility Analysis Required: Undetermined
Government Levels Affected: None
Agency Contact: Deborah C. Murphy
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA93
_______________________________________________________________________
3871. CASH BALANCE PLANS WITH VARIABLE INDICES
Priority: Substantive, Nonsignificant
CFR Citation: Not Yet Determined
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Request for Comments 06/06/00 65 FR 41610
Comment Period End 09/22/00
Next Action Undetermined
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Catherine B. Klion
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112
RIN: 1212-AA96
[FR Doc. 01-7884 Filed 05-11-01; 8:45 am]
BILLING CODE 7708-01-S