Mergers and Transfer Between Multiemployer Plans (29 CFR Part 4231)

ICR 201809-1212-003

OMB: 1212-0022

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2018-09-11
IC Document Collections
ICR Details
1212-0022 201809-1212-003
Active 201707-1212-001
PBGC
Mergers and Transfer Between Multiemployer Plans (29 CFR Part 4231)
Revision of a currently approved collection   No
Regular
Approved without change 11/08/2018
Retrieve Notice of Action (NOA) 09/14/2018
  Inventory as of this Action Requested Previously Approved
11/30/2021 36 Months From Approved 09/30/2020
20 0 14
70 0 10
222,800 0 42,800

29 USC Sec. 1411 and 29 CFR part 4231 prescribe requirements for multiemployer pension plan mergers and transfers, including notification of PBGC by plan sponsors. Sponsors may also request PBGC determinations that the requirements were met. PBGC uses information submitted to determine whether the requirements were met.

US Code: 29 USC 1411 Name of Law: ERISA
   PL: Pub.L. 113 - 235 122 Name of Law: Multiemployer Pension Reform Act of 2014
  
PL: Pub.L. 113 - 235 122 Name of Law: Multiemployer Pension Reform Act of 2014

1212-AB31 Final or interim final rulemaking 83 FR 46642 09/14/2018

No

1
IC Title Form No. Form Name
Mergers and Transfer Between Multiemployer Plans (29 CFR Part 4231)

  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 20 14 6 0 0 0
Annual Time Burden (Hours) 70 10 60 0 0 0
Annual Cost Burden (Dollars) 222,800 42,800 180,000 0 0 0
No
No
The Multiemployer Pension Reform Act of 2014 added a new section 4231(e), which clarifies PBGC's authority to facilitate a merger of two or more multiemployer plans if certain statutory requirements are met. PBGC's final rule provides guidance on the process and information requirements for a voluntary request for a facilitated merger under section 4231(e) of ERISA, including a financial assistance merger.

$240,000
No
    No
    No
No
No
No
Uncollected
Hilary Duke 202 326-4000 ext. 3839 duke.hilary@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.
09/14/2018


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