Notice2021-22628
Proposed Submission of Information Collection for OMB Review; Comment Request; Partitions of Eligible Multiemployer Plans
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 18, 2021
Issuing agencies
Pension Benefit Guaranty Corporation
Abstract
The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget extend approval, under the Paperwork Reduction Act, of a collection of information contained in its regulation on Partitions of Eligible Multiemployer Plans. This notice informs the public of PBGC's intent and solicits public comment on the collection of information.
Full Text
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<title>Federal Register, Volume 86 Issue 198 (Monday, October 18, 2021)</title>
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[Federal Register Volume 86, Number 198 (Monday, October 18, 2021)]
[Notices]
[Pages 57706-57707]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-22628]
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PENSION BENEFIT GUARANTY CORPORATION
Proposed Submission of Information Collection for OMB Review;
Comment Request; Partitions of Eligible Multiemployer Plans
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of intent to request extension of OMB approval of
information collection.
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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to
request that the Office of Management and Budget extend approval, under
the Paperwork Reduction Act, of a collection of information contained
in its regulation on Partitions of Eligible Multiemployer Plans. This
notice informs the public of PBGC's intent and solicits public comment
on the collection of information.
DATES: Comments must be submitted on or before December 17, 2021.
ADDRESSES: Comments may be submitted by any of the following methods:
<bullet> Federal eRulemaking Portal: <a href="http://www.regulations.gov">http://www.regulations.gov</a>.
Follow the online instructions for submitting comments.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#285849584d5a5f475a43064b4745454d465c5b68584a4f4b064f475e"><span class="__cf_email__" data-cfemail="d5a5b4a5b0a7a2baa7befbb6bab8b8b0bba1a695a5b7b2b6fbb2baa3">[email protected]</span></a>. Refer to OMB control
number 1212-0068 in the subject line.
<bullet> Mail or Hand Delivery: Regulatory Affairs Division, Office
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K
Street NW, Washington, DC 20005-4026.
Commenters are strongly encouraged to submit public comments
electronically. PBGC expects to have limited personnel available to
process public comments that are submitted on paper through mail. Until
further notice, any comments submitted on paper will be considered to
the extent practicable.
All submissions received must include the agency's name (Pension
Benefit Guaranty Corporation, or PBGC) and refer to OMB control number
1212-0068. All comments received will be
[[Page 57707]]
posted without change to PBGC's website, <a href="http://www.pbgc.gov">http://www.pbgc.gov</a>, including
any personal information provided. Commenters should not include any
information for which disclosure is restricted by statute, such as
trade secrets and commercial or financial information (``confidential
business information''). Submission of confidential business
information without a request for protected treatment constitutes a
waiver of any claims of confidentiality.
Copies of the collection of information may be obtained by writing
to Disclosure Division, Office of the General Counsel, Pension Benefit
Guaranty Corporation, 1200 K Street NW, Washington, DC 20005-4026, or
calling 202-229-4040 during normal business hours. TTY users may call
the Federal Relay Service toll-free at 800-877-8339 and ask to be
connected to 202-229-4040.
FOR FURTHER INFORMATION CONTACT: Melissa Rifkin
(<a href="/cdn-cgi/l/email-protection#790b101f12101757141c15100a0a1839091b1e1a571e160f"><span class="__cf_email__" data-cfemail="7e0c171815171050131b12170d0d1f3e0e1c191d50191108">[email protected]</span></a>), Attorney, Regulatory Affairs Division,
Office of the General Counsel, Pension Benefit Guaranty Corporation,
1200 K Street NW, Washington, DC 20005-4026; 202-229-6563. (TTY and TDD
users may call the Federal relay service toll-free at 800-877-8339 and
ask to be connected to 202-229-6563.)
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
(PBGC) intends to request that the Office of Management and Budget
(OMB) extend approval, under the Paperwork Reduction Act, of a
collection of information contained in its regulation on Partitions of
Eligible Multiemployer Plans (29 CFR part 4233). This notice informs
the public of PBGC's intent and solicits public comment on the
collection of information.
Sections 4233(a) and (b) of the Employee Retirement Income Security
Act of 1974 (ERISA) allow a plan sponsor of a multiemployer plan to
apply to PBGC for a partition of the plan and state the criteria that
PBGC uses to determine a plan's eligibility for a partition.
PBGC's regulation on Partitions of Eligible Multiemployer Plans (29
CFR part 4233) sets forth the procedures for applying for a partition,
the information required to be included in a partition application, and
notices to interested parties of the application.
PBGC needs the information to determine whether a plan is eligible
for partition and whether a proposed partition would comply with the
statutory conditions required before PBGC may order a partition.
The collection of information under the regulation has been
approved by OMB under control number 1212-0068 (expires February 1,
2022). PBGC intends to request 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.
PBGC estimates that each year there will be one application for a
partition submitted by a plan sponsor under this regulation. The total
estimated annual burden of the collection of information is 13 hours
and $45,600.
PBGC is soliciting public comments to--
<bullet> Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility;
<bullet> Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodologies and assumptions used;
<bullet> Enhance the quality, utility, and clarity of the
information to be collected; and
<bullet> Minimize the burden of the collection of information on
those who are to respond, including through the use of appropriate
automated, electronic, mechanical, or other technological collection
techniques or other forms of information technology, e.g. permitting
electronic submission of responses.
Issued in Washington, DC, by:
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension
Benefit Guaranty Corporation.
[FR Doc. 2021-22628 Filed 10-15-21; 8:45 am]
BILLING CODE 7709-02-P
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