Notice2021-27990
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
December 27, 2021
Issuing agencies
Pension Benefit Guaranty Corporation
Abstract
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 contained in its regulation on Partitions of Eligible Multiemployer Plans. This notice informs the public of PBGC's request and solicits public comment on the collection of information.
Full Text
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<title>Federal Register, Volume 86 Issue 245 (Monday, December 27, 2021)</title>
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[Federal Register Volume 86, Number 245 (Monday, December 27, 2021)]
[Notices]
[Page 73353]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-27990]
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PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review; Comment
Request; Partitions of Eligible Multiemployer Plans
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval of information
collection.
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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 contained
in its regulation on Partitions of Eligible Multiemployer Plans. This
notice informs the public of PBGC's request and solicits public comment
on the collection of information.
DATES: Comments must be submitted on or before January 26, 2022.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
A copy of the request will be posted on PBGC's website at <a href="https://www.pbgc.gov/prac/laws-and-regulation/federal-register-notices-open-for-comment">https://www.pbgc.gov/prac/laws-and-regulation/federal-register-notices-open-for-comment</a>. It may also be obtained without charge by writing to the
Disclosure Division of the Office of the General Counsel of PBGC, 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#2c5e454a47454202414940455f5f4d6c5c4e4b4f024b435a"><span class="__cf_email__" data-cfemail="bbc9d2ddd0d2d595d6ded7d2c8c8dafbcbd9dcd895dcd4cd">[email protected]</span></a>), Attorney, Regulatory Affairs Division,
Office of the General Counsel, Pension Benefit Guaranty Corporation,
1200 K Street NW, Washington DC 2005-4026; 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) is requesting 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) (OMB control number 1212-0068;
expires February 28, 2022). This notice informs the public of PBGC's
request 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 control number 1212-0068 (expires February 28, 2022).
On October 18, 2021, PBGC published in the Federal Register (at 86 FR
57706) a notice informing the public of its intent to request an
extension of this collection of information. No comments were received.
PBGC is requesting that OMB extend approval of the collection 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.
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.
Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension
Benefit Guaranty Corporation.
[FR Doc. 2021-27990 Filed 12-23-21; 8:45 am]
BILLING CODE 7709-02-P
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