Suspension of Pension Benefits Pursuant to Regulations 29 CFR 2530.203-3

Forms and Documents

Document Name	Status
Suspension of Benefits ss14(20140613).doc Supporting Statement A	2014-06-20

IC Document Collections

IC ID	Document Title	Status
13344	Suspension of Pension Benefits Pursuant to Regulations 29 CFR 2530.203-3	Modified

ICR Details

OMB Control No: 1210-0048	ICR Reference No: 201405-1210-001
Status: Historical Active	Previous ICR Reference No: 201104-1210-001
Agency/Subagency: DOL/EBSA	Agency Tracking No:
Title: Suspension of Pension Benefits Pursuant to Regulations 29 CFR 2530.203-3
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/30/2014
	Date Received in OIRA: 06/20/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2017	36 Months From Approved	09/30/2014
Responses	171,000	0	173,560
Time Burden (Hours)	133,000	0	147,129
Cost Burden (Dollars)	63,000	0	58,108

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Abstract: Section 203(a)(3)(B) of the Employee Retirement Income Security Act (ERISA) and regulations thereunder govern the circumstances under which pension plans my suspend pension benefit payments to retirees that return to work, or of participants who continue to work beyond normal retirement age.

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Authorizing Statute(s): US Code: 29 USC 1103 Name of Law: Employee Retirement Income Security Act of 1974
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 71668	11/29/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 35384	06/20/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Suspension of Pension Benefits Pursuant to Regulations 29 CFR 2530.203-3

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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	171,000	173,560	0	0	-2,560	0
Annual Time Burden (Hours)	133,000	147,129	0	0	-14,129	0
Annual Cost Burden (Dollars)	63,000	58,108	0	0	4,892	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: Adjustments to the hour and cost burdens in the ICR result from updating (1) the number of defined benefit plans, (2) the estimated number of participants who work past normal retirement age or return to work after retirement, and (3) materials and postal rates.

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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]? 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

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Common Form ICR:  No

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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: 06/20/2014

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