Notice2024-15992
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
July 22, 2024
Issuing agencies
Pension Benefit Guaranty Corporation
Abstract
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. 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 89 Issue 140 (Monday, July 22, 2024)</title>
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[Federal Register Volume 89, Number 140 (Monday, July 22, 2024)]
[Notices]
[Pages 59173-59174]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15992]
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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 (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 intent and solicits
public comment on the collection of information.
DATES: Comments must be submitted on or before September 20, 2024.
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 instructions for submitting comments.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#f98998899c8b8e968b92d79a9694949c978d8ab9899b9e9ad79e968f"><span class="__cf_email__" data-cfemail="81f1e0f1e4f3f6eef3eaafe2eeecece4eff5f2c1f1e3e6e2afe6eef7">[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, 445 12th
Street SW, Washington, DC 20024-2101.
Commenters are strongly encouraged to submit comments
electronically. Commenters who submit comments on paper by mail should
allow sufficient time for mailed comments to be received before the
close of the comment period.
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 posted without change to
PBGC's website, <a href="http://www.pbgc.gov">www.pbgc.gov</a>, including any personal information
provided. Do not submit comments that include any personally
identifiable information or confidential business information.
Copies of the collection of information may be obtained without
[[Page 59174]]
charge by writing to the Disclosure Division, (<a href="/cdn-cgi/l/email-protection#44202d3727282b3731362104342623276a232b32"><span class="__cf_email__" data-cfemail="33575a40505f5c4046415673435154501d545c45">[email protected]</span></a>),
Office of the General Counsel, Pension Benefit Guaranty Corporation,
445 12th Street SW, Washington, DC 20024-2101; or, calling 202-229-4040
during normal business hours. If you are deaf or hard of hearing, or
have a speech disability, please dial 7-1-1 to access
telecommunications relay services.
FOR FURTHER INFORMATION CONTACT: Monica O'Donnell
(<a href="/cdn-cgi/l/email-protection#aac5cec5c4c4cfc6c684c7c5c4c3c9cbeadac8cdc984cdc5dc"><span class="__cf_email__" data-cfemail="0a656e6564646f66662467656463696b4a7a686d69246d657c">[email protected]</span></a>), Attorney, Regulatory Affairs Division,
Office of the General Counsel, Pension Benefit Guaranty Corporation,
445 12th Street SW, Washington, DC 20024-2101; 202-229-8706. If you are
deaf or hard of hearing, or have a speech disability, please dial 7-1-1
to access telecommunications relay services.
SUPPLEMENTARY 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 January 31,
2025). PBGC intends to request that OMB extend its approval for another
3 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
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit
Guaranty Corporation.
[FR Doc. 2024-15992 Filed 7-19-24; 8:45 am]
BILLING CODE 7709-02-P
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