[Federal Register Volume 65, Number 98 (Friday, May 19, 2000)]
[Notices]
[Page 31932]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-12664]


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DEPARTMENT OF LABOR

Pension and Welfare Benefits Administration


Agency Information Collection Activities; Announcement of OMB 
Approval

AGENCY: Pension and Welfare Benefits Administration, Department of 
Labor.

ACTION: Notice.

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SUMMARY: The Pension and Welfare Benefits Administration (PWBA) is 
announcing that a collection of information has been approved the 
Office of Management and Budget (OMB) under the Paperwork Reduction Act 
of 1995 for the Voluntary Fiduciary Correction Program (VFC Program). 
This notice announces the OMB approval number and expiration date.

FOR FURTHER INFORMATION CONTACT: Address comments on the VFC Program in 
writing to: VFC Program, Office of Enforcement, Pension and Welfare 
Benefits Administration, U.S. Department of Labor, Room N-5702, 200 
Constitution Avenue, NW, Washington, DC 20210. Written comments may 
also be sent by Internet to: [email protected].
    For general questions regarding the VFC Program, contact the 
appropriate PWBA Regional Office listed in Appendix C of the VFC 
Program (65 FR 14179), or Jeffrey A. Monhart, Investigator, Office of 
Enforcement, Pension and Welfare Benefits Administration ((202) 219-
8820). For comments on the VFC Program, contact Elizabeth A. Goodman, 
Pension Law Specialist, Office of Regulations and Interpretations, 
Pension and Welfare Benefits Administration ((202) 219-8671).
    Address comments on the information collection request (ICR) and 
requests for copies of the ICR to Gerald B. Lindrew, U.S. Department of 
Labor, Pension and Welfare Benefits Administration, 200 Constitution 
Avenue, NW, Room N-5647, Washington, DC 20210. Telephone: (202) 219-
4782. These telephone numbers are not toll-free.

SUPPLEMENTARY INFORMATION: On March 15, 2000, PWBA published a notice 
concerning its adoption of a Voluntary Fiduciary Correction Program (65 
FR 14164), which allows certain persons to correct possible fiduciary 
breaches of Part 4 of Title I of ERISA, and to avoid potential civil 
actions initiated by the Department of Labor under the Employee 
Retirement Income Security Act of 1974 (ERISA), and the assessment of 
civil penalties under section 502(1) of ERISA. Although written 
comments on the VFC Program were accepted through May 15, 2000, the 
Department submitted the information collection request (ICR) included 
in the VFC Program to OMB using emergency procedures, and requested 
approval by April 14, 2000. The information collection provisions of 
the VFC Program generally require that documentation of the correction 
of a fiduciary breach be supplied to the Department.
    On April 14, 2000, OMB approved the ICR under emergency provisions 
of the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.) and 5 
CFR 1320. The approval will expire on September 30, 2000. The control 
number assigned to this ICR by OMB is 1210-0118. PWBA will take any 
comments received into consideration in finalizing the VFC Program and 
in preparing the application for continuing approval of the ICR, which 
will be submitted to OMB prior to the expiration of the emergency 
approval.

    Dated: May 15, 2000.
Gerald B. Lindrew,
Deputy Director, Office of Policy and Research, Pension and Welfare 
Benefits Administration.
[FR Doc. 00-12664 Filed 5-18-00; 8:45 am]
BILLING CODE 4510-29-M