[Federal Register Volume 65, Number 85 (Tuesday, May 2, 2000)]
[Notices]
[Pages 25503-25504]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-10899]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB review; comment request

April 26, 2000.
    The Department of Labor (DOL) has submitted the following public 
information collection requests (ICRs) to the Office of Management and 
Budget (OMB) for review and approval in accordance with the Paperwork 
Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). A copy of 
each individual ICR, with applicable supporting documentation, may be 
obtained by calling the Department of Labor. To obtain documentation 
for BLS, ETA, PWBA, and OASAM contact Karin Kurz ({202} 219-5096 ext. 
159 or by E-mail to [email protected]). To obtain documentation for 
ESA, MSHA, OSHA, and VETS contact Darin King ({202} 219-5096 ext. 151 
or by E-Mail to [email protected]).
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for BLS, DM, ESA, ETA, MSHA, OSHA, 
PWBA, or VETS, Office of Management and Budget, Room 10235, Washington, 
DC 20503 ({202} 395-7316), within 30 days from the date of this 
publication in the Federal Register.
    The OMB is particularly interested in comments which:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration.
    Title: Prohibited Transaction Class Exemption 94-20, Purchases and 
Sales of Foreign Currencies.
    OMB Number: 1210-0085.
    Recordkeeping: Six years.
    Affected Public: Individuals or households; business or other for-
profit; not-for-profit institutions.
    Frequency: On occasion.
    Number of Respondents: 35.
    Total Annual Responses: 175.
    Estimated Time Per respondent: 5 Minutes.
    Total Annual Burden: 15 Hours.
    Total annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0.
    Description: Prohibited Transaction Class Exemption 94-20 permits 
the purchase and sale of foreign currencies between an employee benefit 
plan and a bank or a broker-dealer or an affiliate thereof that is a 
party in interest with respect to such plan. In the absence of this 
exemption, certain aspects of these transactions could be prohibited by 
section 406(a) of the Employee Retirement Income Security Act of 1974. 
This ICR covers the recordkeeping requirements for a bank, broker-
dealer, or affiliate thereof.

    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration.
    Title: Prohibited Transaction Exemption 90-1--Pooled Separate 
Accounts.
    OMB Number: 1210-0083.
    Recordkeeping: Six years.
    Affected Public: Individuals or households; business or other for-
profit; not-for-profit institutions.
    Frequency: On occasion.
    Number of Respondents: 128.
    Total Annual Responses: 128.
    Estimated Time Per respondent: 5 Minutes.
    Total Annual Burden: 11 Hours.
    Total annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0.
    Description: Prohibited Transaction Class Exemption 90-1 provides 
an exemption from certain provisions of the Employee Retirement Income 
Security Act of 1974 (ERISA) for certain transactions involving 
insurance company pooled separate accounts in which employee benefit 
plans participate and which are otherwise prohibited by ERISA. 
Specifically, the exemption allows persons who are parties in interest 
of a plan that invests in a pooled separate account to engage in 
transactions with the separate account if the plan's participation in 
the separate account does not exceed specified limits. For example, the 
general exemption allows a service provider, which also is a party in 
interest to an employee benefit plan, and an insurance company pooled 
separate account in which the plan has an interest, to engage in 
transactions if the plan's participation in the separate account does 
not exceed specified limits. This ICR covers the recordkeeping 
requirements for insurance companies.

    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration.
    Title: Definition of Plan Assets--Participant Contributions.
    OMB Number: 1210-0100.
    Affected Public: Individuals or households; business or other for-
profit; not-for-profit institutions
    Frequency: On occasion.
    Number of Respondents: 1.
    Total Annual Responses: 1.
    Estimated Time Per respondent: 3 Hours.

[[Page 25504]]

    Total Annual Burden: 3 Hours.
    Total annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0
    Description: Generally, the regulation provides guidance for 
fiduciaries, participants, and beneficiaries of employee benefit plans 
on the requirements for transmission of employee contributions withheld 
from wages. Specifically, this regulation describes when certain 
monies, which a participant pays to or has withheld by an employer for 
contribution to an employee benefit plan, are ``plan assets'' for 
purposes of title I of the Employee Retirement Income Security Act of 
1974 (ERISA) and the related prohibited transaction provisions of the 
Internal Revenue Code. The Regulation also establishes a procedure (for 
pension plans only) whereby an employer may obtain an additional 10 
business days to comply with the contribution time limits. This ICR 
covers the notification, bonding, and certification requirements for 
obtaining an extension.

    Type of Review: Revision of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration.
    Title: Prohibited Transaction Class Exemption 76-1 and Prohibited 
Transaction Class Exemption 77-10.
    OMB Number: 1210-0058.
    Recordkeeping: Six years.
    Affected Public: Individuals or households; business or other for-
profit; not-for-profit institutions.
    Frequency: On occasion.
    Number of Respondents: 3,187.
    Total Annual Responses: 3,187.
    Total Annual Burden: 797 Hours.
    Total annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0.
    Description: Prohibited Transaction Class Exemption (PTCE) 76-1 
provides an exemption, under specified conditions, from certain of 
ERISA's prohibited transaction provisions under section 406(a) for 
various transactions involving multi-employer or multiple employer 
plans. Prohibited Transaction Class Exemption (PTCE) 77-10 complements 
Part C of PTCE 76-1 in that it provides an exemption under certain 
conditions from section 406(b)(2) of ERISA in connection with such 
transactions. PTCE 76-1, Part C permits plans to lease office space and 
provide administrative services or sell goods to a participating 
employer or union or to another plan. Section 406(b)(2) prohibits plan 
fiduciaries, such as plan trustees, from acting in an individual or any 
other capacity in a transaction involving the plan on behalf of a party 
whose interests are adverse to those of the plan or its participants or 
beneficiaries.
    The Department has proposed combining the information collection 
provisions of both exemptions under one OMB control number (OMB Number 
1210-0058) by incorporating the information collection provisions of 
PTCE 77-10 (OMB Number 1210-0081) into the revision information 
collection under OMB Number 1210-0058 and allowing the control number 
for PTCE 77-10 to expire. The Department believes the public will 
benefit by having the opportunity to comment on both information 
collection provisions at the same time because PTCE 77-10 is not likely 
to be used without its counterpart, PTCE 76-1.

    Type of Review: Extension of a currently approved collection.
    Agency: Occupational Safety and Health Administration (OSHA).
    Title: 1,2-dibromo-3-chloropropane (DBCP) Standard.
    OMB Number: 1281-0101.
    Frequency: On occasion.
    Affected Public: Business or other for-profit; Federal Government; 
State, Local or Tribal Government.
    Number of Respondents: 0.
    Total Annual Burden: 1 Hour.
    Total annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0.
    Description: The information collection requirements in the DBCP 
Standard provide protection for employees from the adverse health 
effects associated with exposure to DBCP. In this regard, the DBCP 
Standard requires employers to monitor employees' exposure to DBCP, 
monitor employee health, and provide employees with information about 
their exposures and the health effects of exposure to DBCP.

    Agency: Mine Safety and Health Administration (MSHA).
    Title: Main Fan Maintenance Record.
    Type of Review: Extension.
    OMB Number: 1219-0012.
    Frequency: On occasion.
    Affected Public: Business or other for-profit.
    Number of Respondents: 21.
    Total Annual Responses: 7.
    Estimated Time Per Respondent: 1.57 Hours.
    Total Annual Burden: 11 Hours.
    Total Annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0.
    Description: Mine Operators are required to keep main fans 
maintained according to either manufacturers, recommendations or a 
written periodic schedule adopted by the mine operator. The main fans 
are the major life support system to the entire underground mining 
operation. The air flow provided by the fans assures fresh air to the 
miners at working faces, reduces the chance of the air reaching 
threshold limit values of airborne contaminants, and dilutes 
accumulations of possible explosive gases.

Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. 00-10899 Filed 5-1-00; 8:45 am]
BILLING CODE 4510-23-M