Variances for Sale of Assets (29 CFR Part 4204)

ICR 202004-1212-002

OMB: 1212-0021

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-04-27
IC Document Collections
IC ID
Document
Title
Status
13532
Modified
ICR Details
1212-0021 202004-1212-002
Active 201706-1212-003
PBGC
Variances for Sale of Assets (29 CFR Part 4204)
Extension without change of a currently approved collection   No
Regular
Approved without change 06/09/2020
Retrieve Notice of Action (NOA) 04/28/2020
  Inventory as of this Action Requested Previously Approved
06/30/2023 36 Months From Approved 08/31/2020
201 0 201
1,050 0 1,050
501,000 0 501,000

An employer selling assets of a business covered by a multiemployer pension plan may have liability to the plan unless certain statutory rules are followed. The selling and buying empoyers may submit information prescribed by this regulation to PBGC or the plan with a request for a waiver of those rules. The information is needed to determine whether a waiver is appropriate.

US Code: 29 USC 1384 Name of Law: ERISA
  
None

Not associated with rulemaking

  85 FR 7803 02/11/2020
85 FR 23542 04/28/2020
No

1
IC Title Form No. Form Name
Variances for Sale of Assets (29 CFR Part 4204)

  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 201 201 0 0 0 0
Annual Time Burden (Hours) 1,050 1,050 0 0 0 0
Annual Cost Burden (Dollars) 501,000 501,000 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
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.
04/28/2020


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