[Federal Register Volume 63, Number 41 (Tuesday, March 3, 1998)]
[Notices]
[Pages 10418-10419]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-5461]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Extension of Special Withdrawal Liability Rules

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

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SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') is 
requesting that the Office of Management and Budget (``OMB'') extend 
approval, under the Paperwork Reduction Act, of a collection of 
information in its regulation on Extension of Special Withdrawal 
Liability Rules (29 CFR Part 4203) (OMB control number 1212-0023). This 
notice informs the public of the PBGC's request and solicits public 
comment on the collection of information.

DATES: Comments should be submitted by April 2, 1998.

ADDRESSES: Comments should be mailed to the Office of Information and 
Regulatory Affairs of the Office of Management and Budget, Attention: 
Desk Officer for Pension Benefit Guaranty Corporation, Washington, DC 
20503. Copies of the request for extension (including the collection of 
information) are available from the Communications and Public Affairs 
Department of the Pension Benefit Guaranty Corporation, suite 240, 1200 
K Street, NW., Washington, DC, 20005-4026, between 9 a.m. and 4 p.m. on 
business days.

FOR FURTHER INFORMATION CONTACT: Deborah C. Murphy, Attorney, office of 
the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street, NW., Washington, DC 20005-4026, 202-326-4024. (For TTY/TDD 
users, call the Federal relay service toll-free at 1-800-877-8339 and 
ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: Sections 4203(f) and 4208(e)(3) of the 
Employee Retirement Income Security Act of 1974 (``ERISA'') provide for 
the PBGC's issuance of regulations under which the PBGC may approve a 
multiemployer pension plan's adoption of special rules for determining 
whether a complete or

[[Page 10419]]

partial withdrawal from the plan has occurred. Section 4203(f) also 
sets standards for the approval of such special rules.
    The PBGC's regulation on Extension of Special Withdrawal Liability 
Rules (29 CFR Part 4203) requires the plan sponsor of a plan that 
adopts special rules to submit information about the rules, the plan, 
and the industry in which the plan operates with its request for PBGC 
approval of the rules. The PBGC uses that information in determining 
whether the plan's special withdrawal liability rules meet the 
requirements of ERISA. (The regulation may be accessed on the PBGC's 
home page at http://www.pbgc.gov.)
    The collection of information under the regulation has been 
approved by OMB under control number 1212-0023. The PBGC is requesting 
that OMB extend its approval for three years. An agency may not conduct 
or sponsor, and a person is not required to respond to, a collection of 
information unless it displays a currently valid OMB control number. 
The PBGC estimates that it receives at most one submission from a plan 
sponsor annually under the regulation; that virtually all submissions 
are prepared by outside consultants; that the total annual hour burden 
of engaging the services of such consultants is one hour; and that the 
total annual cost burden of having the submissions prepared is $2,400.

    Issued in Washington, DC, this 25th day of February, 1998.
David M. Strauss,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 98-5461 Filed 3-2-98; 8:45 am]
BILLING CODE 7708-01-P