[Federal Register Volume 60, Number 177 (Wednesday, September 13, 1995)]
[Notices]
[Pages 47630-47631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22767]



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PENSION BENEFIT GUARANTY CORPORATION


Request for Extension of Approval Under the Paperwork Reduction 
Act; Collection of Information Under 29 CFR Part 2646, Reduction or 
Waiver of Partial Withdrawal Liability

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

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SUMMARY: The Pension Benefit Guaranty Corporation has requested that 
the Office of Management and Budget extend approval, under the 
Paperwork Reduction Act, of the collection of information requirements 
(1212-0039) contained in its regulation on Reduction or Waiver of 
Partial Withdrawal Liability (29 CFR Part 2646). The effect of this 
notice is to advise the public of the PBGC's request.

DATES: The PBGC is requesting that OMB complete action on the PBGC's 
request by September 29, 1995. Comments must be received by September 
25, 1995.

ADDRESSES: All written comments should be addressed to: Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
Attention: Desk Officer for Pension Benefit Guaranty Corporation, 
Washington, DC 20503. The request for extension will be available for 
public inspection at the PBGC's Communications and Public Affairs 
Department, Suite 240, 1200 K Street, NW., Washington, DC 20005-4026, 
between 9:00 a.m. and 4:00 p.m. on business days.

FOR FURTHER INFORMATION CONTACT:
Deborah C. Murphy, Attorney, Office of General Counsel, Pension Benefit 
Guaranty Corporation, 1200 K Street, NW., Washington, DC 20005-4026, 
202-326-4024 (202-326-4179 for TTY and TDD).

SUPPLEMENTARY INFORMATION: This collection of information is contained 
in the Pension Benefit Guaranty Corporation's regulation on Reduction 
or Waiver of Partial Withdrawal 

[[Page 47631]]
Liability (29 CFR Part 2646), which is promulgated pursuant to section 
4208 of the Employee Retirement Income Security Act of 1974. Section 
4208 contains rules for the reduction or elimination of an employer's 
partial withdrawal liability under certain circumstances and authorizes 
the Pension Benefit Guaranty Corporation to promulgate additional 
partial withdrawal abatement rules.
    Under the regulation, a contributing employer can apply to a 
multiemployer plan for a determination that it has met the requirements 
for abatement of partial withdrawal liability, and a multiemployer plan 
sponsor can apply to the PBGC for approval of individually-tailored 
plan rules for abatement of partial withdrawal liability. The PBGC uses 
information submitted to it to determine whether plan rules satisfy 
statutory standards.
    The PBGC estimates that the total annual burden of the regulation 
is 1,250\1/2\ hours. Of this total, 1,250 hours represents 1,000 
employer abatement applications and plan responses and one-half hour 
represents a submission to the PBGC by one plan sponsor.

    Issued at Washington, DC., this 8th day of September, 1995.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 95-22767 Filed 9-12-95; 8:45 am]
BILLING CODE 7708-01-M