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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:
1212-0068
ICR Reference No:
201505-1212-001
Status:
Historical Active
Previous ICR Reference No:
Agency/Subagency:
PBGC
Agency Tracking No:
Title:
Partitions of Eligible Multiemployer Plans; 29 CFR Part 4233
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
06/15/2015
OIRA Conclusion Action:
Approved without change
Conclusion Date:
06/19/2015
Retrieve Notice of Action (NOA)
Date Received in OIRA:
06/01/2015
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2015
6 Months From Approved
Responses
6
0
0
Time Burden (Hours)
78
0
0
Cost Burden (Dollars)
58,800
0
0
Abstract:
The information request is related to PBGC's interim final rule prescribing the application process and notice requirements for partitions of eligible multiemployer plans under title IV of the Employee Retirement Income Security Act of 1974, as amended by the Multiemployer Pension Reform Act of 2014
Emergency Justfication:
Regulatory guidance is required to implement ERISA section 4233 as amended by Multiemployer Pension Reform Act of 2014 ("MPRA"). This guidance includes the procedure for the plan sponsor to submit an application for partition and to provide notice to participants and beneficiaries. Section 4233 is inextricably linked to the suspension of benefit rules under ERISA section 305(e)(9), which require the Department of Treasury, in consultation with PBGC and the Secretary of Labor, to publish appropriate guidance under section 201 not later than 180 days after the date of the enactment of MPRA (June 15, 2015). PBGC expects to publish an interim final rule in June 2015 that adds a new Part 4233 to PBGC’s regulations to provide guidance on the necessary information required by PBGC to process an application for partition of eligible multiemployer plans and comply with the statutory conditions required for a partition order. The rule needs to go into effect and the information collection needs to be approved upon publication. Accordingly, PBGC is requesting OMB’s approval on an emergency basis of the information requirements described in the interim final rule.
Authorizing Statute(s):
PL:
Pub.L. 113 - 235 Division O, Sec. 122
Name of Law: Consolidated and Further Continuing Appropriations Act of 2015
Citations for New Statutory Requirements:
PL: Pub.L. 113 - 235 Division O, Sec. 122 Name of Law: Consolidated and Further Continuing Appropriations Act of 2015
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
1212-AB29
Final or interim final rulemaking
80 FR 35220
06/19/2015
Federal Register Notices & Comments
30-day Notice:
Federal Register Citation:
Citation Date:
80 FR 35220
06/19/2015
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
Partitions of Eligible Multiemployer Plans Interim Final Rule
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
6
0
6
0
0
0
Annual Time Burden (Hours)
78
0
78
0
0
0
Annual Cost Burden (Dollars)
58,800
0
0
58,800
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:
$31,920
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]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Daniel Liebman 202 326-4024 liebman.daniel@pbgc.gov
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:
06/01/2015
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