[Federal Register Volume 60, Number 179 (Friday, September 15, 1995)]
[Notices]
[Pages 47969-47970]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-23000]



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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 2647, Reduction or 
Waiver of Complete 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 
(1212-0044) contained in its regulation on Reduction or Waiver of 
Complete Withdrawal Liability (29 CFR Part 2647). The effect of this 
notice is to advise the public of the PBGC's request.

DATES: Th 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 Complete Withdrawal Liability (29 CFR Part 2647), which is 
promulgated pursuant to section 4207 of the Employee Retirement Income 
Security Act of 1974. Section 4208 authorizes the Pension Benefit 
Guaranty Corporation to promulgate rules for the reduction or 
elimination of an employer's complete withdrawal liability.
    Under the regulation, a contributing employer can apply to a 
multiemployer plan for a determination that it has met the requirements 
for abatement of 

[[Page 47970]]
complete withdrawal liability, and a multiemployer plan sponsor can 
apply to the PBGC for approval of individually-tailored plan rules for 
abatement of complete 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 125\1/2\ hours. Of this total, 125 hours represents 100 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 12th day of September, 1995.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 95-23000 Filed 9-14-95; 8:45 am]
BILLING CODE 7708-01-M