Notice2024-24467
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 22, 2024
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 89 Issue 204 (Tuesday, October 22, 2024)</title>
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[Federal Register Volume 89, Number 204 (Tuesday, October 22, 2024)]
[Notices]
[Page 84402]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-24467]
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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 November 21, 2024.
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.
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.
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 (<a href="/cdn-cgi/l/email-protection#03676a70606f6c7076716643736164602d646c75"><span class="__cf_email__" data-cfemail="fa9e9389999695898f889fba8a989d99d49d958c">[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#fa959e9594949f9696d497959493999bba8a989d99d49d958c"><span class="__cf_email__" data-cfemail="4e212a2120202b222260232120272d2f0e3e2c292d60292138">[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 control number 1212-0068 (expires January 31, 2025). On
July 22, 2024, PBGC published in the Federal Register (at 89 FR 59173)
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.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit
Guaranty Corporation.
[FR Doc. 2024-24467 Filed 10-21-24; 8:45 am]
BILLING CODE 7709-02-P
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</html>Indexed from Federal Register on October 22, 2024.
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