The revisions
associated with the proposed rule are not approved at this time.
PBGC will resubmit this collection at the final rule stage, after
consideration of public comment. Approval for the existing
requirements continues.
Inventory as of this Action
Requested
Previously Approved
03/31/2012
36 Months From Approved
03/31/2012
426
0
426
873
0
873
305,550
0
305,550
To implement a statutory requirement,
PBGC requires contributing sponsors and the ultimate parent of
parent-subsidiary controlled groups of which a contributing sponsor
is a member to submit Form 200 to notify PBGC of failures to make
required payments. PBGC uses this information to make decisions
regarding enforcement of statutory liens.
The change in burden reflects
changes in PBGCs estimate of the number of filings, the breakdown
between initial and subsequent filings, and the amount of time
spent on each filing. Plan funding requirements have become more
stringent and the economic downturn has led to reductions in plan
funding levels. Accordingly, PBGC is projecting that it will
receive more total filings than previously estimated. PBGC has also
reviewed its estimates of the amount of time required to prepare
filings. PBGC has concluded that its previous estimates for an
initial filing and a subsequent filing(s) are too low, and is now
using higher estimates. In part, this change reflects the greater
complexity of calculating interest on unpaid contributions and late
payments under recent changes in the law.
$56,580
No
Yes
Uncollected
Uncollected
No
Uncollected
James Bloch 202-326-4223 ext.
3530 bloch.james@pbgc.gov
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:
(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;
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.