In accordance
with 5 CFR 1320, the information collection is not approved at this
time. Prior to publication of the final rule, the agency should
provide to OMB a summary of all comments received on the proposed
information collection and identify any changes made in response to
these comments.
Inventory as of this Action
Requested
Previously Approved
06/30/2017
36 Months From Approved
06/30/2017
1,011
0
1,011
19
0
19
4,958
0
4,958
Plan sponsors of terminating
multiemployer pension plans give notices to PBGC about plan
terminations and to plan participants about electing benefit
options, and apply to PBGC for permission to pay lump sums greater
than $1,750 or to pay nonvested plan benefits. PBGC uses
information submitted to it to assess the likelihood of benefit
reductions or suspensions and risks to PBGC and participants and to
estimate the need for financial assistance to plans. Participants
use information sent to them to make personal financial
decisions.
The time burden and the cost
burden have both been decreased by the proposed rule's adoption of
mandatory e-filing.
$3,069
No
No
No
No
No
Uncollected
Donald McCabe 202-326-4223 ext.
3872 mccabe.donald@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.