[Federal Register Volume 82, Number 81 (Friday, April 28, 2017)]
[Notices]
[Pages 19762-19763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08514]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
Proposed Submission of Information Collection for OMB Review;
Comment Request; Mergers and Transfers Between Multiemployer Plans
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of intent to request extension of OMB approval of
information collection.
-----------------------------------------------------------------------
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 Mergers and Transfers Between
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 June 27, 2017.
ADDRESSES: Comments may be submitted by any of the following methods:
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the online instructions for submitting comments.
Email: [email protected].
Mail or Hand Delivery: Regulatory Affairs Group, Office of
the General Counsel, Pension Benefit Guaranty Corporation, 1200 K
Street NW., Washington, DC 20005-4026.
Comments received, including personal information provided, will be
posted to www.pbgc.gov.
Copies of the collection of information may also be obtained
without charge by writing to Disclosure Division, Office of the General
Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW.,
Washington, DC 20005-4026, or calling 202-326-4040 during normal
business hours. (TTY and TDD users may call the Federal relay service
toll-free at 800-877-8339 and ask to be connected to 202-326-4040.)
FOR FURTHER INFORMATION CONTACT: Hilary Duke ([email protected]),
Attorney, Regulatory Affairs Group, Office of the General Counsel,
Pension Benefit Guaranty Corporation, 1200 K Street NW., Washington DC
20005-4026; 202-326-4400, extension 3839. (TTY and TDD users may call
the Federal relay service toll-free at 800-877-8339 and ask to be
connected to 202-326-4400, extension 3839.)
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 Mergers and
Transfers Between Multiemployer Plans (29 CFR part 4231) (OMB control
number 1212-0022; expires July 31, 2017). This notice informs the
public of PBGC's intent and solicits public comment on the collection
of information.
Section 4231(a) and (b) of the Employee Retirement Income Security
Act of 1974 (ERISA) requires plans that are involved in a merger or
transfer to give PBGC 120 days' notice of the transaction and provides
that if PBGC determines that specified requirements are satisfied, the
transaction will be deemed not to be in violation of ERISA section
406(a) or (b)(2) (dealing with prohibited transactions).
PBGC's regulation on Mergers and Transfers Between Multiemployer
Plans (29 CFR part 4231) sets forth the procedures for giving notice of
a merger or transfer under section 4231 and for requesting a
determination that a transaction complies with section 4231.
PBGC uses information submitted by plan sponsors under the
regulation to determine whether mergers and transfers conform to the
requirements of ERISA section 4231 and the regulation.
The collection of information under the regulation has been
approved by OMB under control number 1212-0022 (expires July 31, 2017).
PBGC intends to request that OMB extend its approval for another three
years. An agency may
[[Page 19763]]
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 there are 14 transactions each year for which
plan sponsors submit notices and approval requests under this
regulation. The estimated annual burden of the collection of
information is 9.50 hours and $42,800.
PBGC is soliciting public comments to--
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;
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;
Enhance the quality, utility, and clarity of the
information to be collected; and
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.
Deborah Chase Murphy,
Assistant General Counsel for Regulatory Affairs, Pension Benefit
Guaranty Corporation.
[FR Doc. 2017-08514 Filed 4-27-17; 8:45 am]
BILLING CODE P