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Blank fields in records indicate information that was not collected or not collected electronically prior to July 2006.
Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1212-0009
ICR Reference No:
198906-1212-002
Status:
Historical Active
Previous ICR Reference No:
198805-1212-001
Agency/Subagency:
PBGC
Agency Tracking No:
Title:
ANNUAL PREMIUM PAYMENT PACKAGE
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
07/06/1989
Retrieve Notice of Action (NOA)
Date Received in OIRA:
06/19/1989
Terms of Clearance:
We have approved this collection of information for one year with the following changes. First, the PBGC shall require an enrolled actuary's certification on just the Schedule A, not on both the Schedule A and the Form 1 as originally submitted. Secondly, because the public comment said that the paperwork burden was significantly underestimated, the PBGC shall revise the burden hours associated with this collection of information (see burden hours assigned), and adjust the disclosure statement accordingly. Finally, the PBGC amend the current Payment of Premiums regulation as necessary to respond to the public comments submitted on the Schedule A form. The PBGC shall especially consider allowing small plans, whose variable rate premium will equal its maximum value (generally $34), to be exempt from the paperwork burden contained in lines 1-7 of Schedule A.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
05/31/1990
05/31/1990
05/31/1991
Responses
123,480
0
120,179
Time Burden (Hours)
219,210
0
116,527
Cost Burden (Dollars)
0
0
0
Abstract:
THE PBGC PREMIUM PAYMENT PACKAGE IS NEEDED TO DETERMINE THE AMOUNT OF THE ANNUAL PREMIUM PAYMENT OWED TO THE PBGC BY PENSION PLANS COVERED UNDER THE INSURANCE PROGRAM. THE SCHEDULE A TO THE FORM 1 IS USED BY ALL SINGLE-EMPLOYER PLANS TO COMPUTE THE VARIABLE RATE PORTION OF THE PREMIUM.
Authorizing Statute(s):
None
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
ANNUAL PREMIUM PAYMENT PACKAGE
PBGC 1, SCHED. A, PBGC 1-ES
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
123,480
120,179
0
0
3,301
0
Annual Time Burden (Hours)
219,210
116,527
0
0
102,683
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
06/19/1989
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