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
07/31/2017
36 Months From Approved
07/31/2017
164,501
0
164,501
1
0
1
407,153
0
407,153
Plan sponsors of multiemployer pension
plans terminated by mass withdrawal give notices to PBGC and plan
participants about plan insolvency and benefit reductions; notices
to participants about electing benefit options; and requests to
PBGC for financial assistance or permission to distributee benefits
in different amounts or forms than otherwise allowed. PBGC uses
information submitted to it to make statutory determinations and
estimate the need for financial assistance to plans. Participants
use information sent to them to make personal financial
decisions.
The time burden has increased
because of different PBGC assumptions. The cost burden has
decreased because of the proposed rule's requirement of mandatory
e-filing.
$57,761
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.