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View ICR - OIRA Conclusion

OMB Control No: 1212-0055	ICR Reference No: 201512-1212-001
Status: Historical Active	Previous ICR Reference No: 201209-1212-003
Agency/Subagency: PBGC	Agency Tracking No:
Title: Locating and Paying Participants
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: 03/28/2016
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/31/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2019	36 Months From Approved	03/31/2016
Responses	54,310	0	102,050
Time Burden (Hours)	126,090	0	87,500
Cost Burden (Dollars)	1,360	0	2,270

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	54,310	102,050	-47,740
Annual Time Burden (Hours)	126,090	87,500	38,590
Annual Cost Burden (Dollars)	1,360	2,270	-910

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: PBGC revised its estimates of the number of number of forms and applications expected to be filed from 102,050 to 54,310, resulting in a decrease in the hourly aggregate burden on participants, and a decrease in the aggregate cost burden since fewer forms and applications are expected to be filed. PBGC included in its hourly burden estimate an estimate of the amount of time that participants in trusteed plans will spend having their inquiries handled by PBGC. This added to the aggregate hourly burden estimate for participants.