[Federal Register Volume 60, Number 177 (Wednesday, September 13, 1995)]
[Notices]
[Page 47631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22768]



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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 2675, Powers and 
Duties of Plan Sponsor of Plan Terminated by Mass Withdrawal

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for 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 
(1212-0032) in its regulation on Powers and Duties of Plan Sponsor of 
Plan Terminated by Mass Withdrawal (29 CFR Part 2675). 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: The Pension Benefit Guaranty Corporation 
administers the pension plan termination insurance programs under Title 
IV of the Employee Retirement Income Security Act of 1974. This 
collection of information (1212-0032) is contained in the PBGC's 
regulation on Powers and Duties of Plan Sponsor of Plan Terminated by 
Mass Withdrawal (29 CFR Part 2675), which implements requirements of 
ERISA sections 4041A and 4281 for the administration of multiemployer 
plans that have terminated by mass withdrawal. The PBGC is requesting 
that the Office of Management and Budget extend approval of the 
collection of information.
    The regulation prescribes rules for notices given and applications 
made by plan sponsors of mass-withdrawal-terminated plans to assure the 
consistency and adequacy of the notices and applications. The PBGC uses 
the information submitted to it in making statutory determinations and 
identifying and estimating cash needs for financial assistance to the 
plans.
    The PBGC estimates that a total of 25 plans are required to 
distribute or submit a total of 60 notices or applications under the 
regulation annually and that the total annual burden of the collection 
of information is 835 hours, an average of about 14 hours per response.

    Issued at Washington, D.C., this 8th day of September, 1995.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 95-22768 Filed 9-12-95; 8:45 am]
BILLING CODE 7708-01-M