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: 201304-1212-001
Status: Historical Inactive	Previous ICR Reference No: 201209-1212-002
Agency/Subagency: PBGC	Agency Tracking No:
Title: Payment of Premiums (29 CFR part 4007)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 11/20/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 07/23/2013
Terms of Clearance: Comment Filed

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2015	36 Months From Approved	10/31/2015
Responses	29,900	0	29,900
Time Burden (Hours)	8,200	0	8,200
Cost Burden (Dollars)	54,387,000	0	54,387,000

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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The change in the estimated annual burden of this collection of information from about 8,200 hours and about $54,387,000 (the currently approved burden) to about 8,000 hours and about $53,200,000 (the burden for which approval is requested) is attributable to an upward adjustment of about 1,550 hours and about $10,413,000 due to re-estimation and a downward change of about 1,750 hours and about $11,600,000 resulting from the amendments in PBGC's proposed rule. The upward adjustment and downward change both reflect remarks made by practicing actuaries when the topic of premium due dates and their impact on the burden of filing was raised during a session on PBGC premiums at an actuaries' meeting. Heretofore, PBGC has relied on burden estimates by PBGC staff actuaries familiar with the work required to prepare premium filings. PBGC believes that the views of actuaries currently in private practice - notwithstanding the absence of unanimity among them - are an appropriate "real-world" source to draw from in estimating the burden of this information collection (both in its current form and as it would be changed by the proposed rule).