[Federal Register Volume 66, Number 211 (Wednesday, October 31, 2001)]
[Notices]
[Pages 55004-55005]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-27354]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review; Comment Request

October 22, 2001.
    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 
contact Marlene Howze at (202) 219-8904 or e-mail [email protected]).
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for PWBA, 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,

[[Page 55005]]

e.g., permitting electronic submission of responses.
    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration (PWBA).
    Title: Procedure for Application for Exemption from the Prohibited 
Transaction Provisions of Section 408(a) of the Employee Retirement 
Income Security Act of 1974 (ERISA).
    OMB Number: 1210-0060.
    Affected Public: Business or other for-profit; Individuals or 
households; and Not-for-profit institutions.
    Frequency: On occasion.
    Number of Respondents: 116.
    Number of Annual Responses: 116.
    Total Burden Hours: 0.
    Total Annualized Capital/Startup Costs: $0.
    Total Annual Costs (operating/maintaining systems or purchasing 
services): $162,648.
    Description: Section 408(a) of ERISA authorizes the Secretary of 
Labor to grant exemptions from the prohibited transaction sections of 
406 and 407(a) of ERISA and directs the Secretary to establish a 
procedure with respect to such provisions. This regulation provides a 
procedure that requires applications for exemption to make certain 
disclosures to the Department of Labor and to participants and 
beneficiaries.
    There are two information disclosure requirements incorporated 
within the exemption procedure regulation. The first requirement, that 
an applicant for an exemption disclose information regarding the 
application and certify to that information, is necessary in order for 
the Department to make an informed determination regarding the 
application. The second requirement, notice to interested persons, 
ensures that participants and beneficiaries are informed of the 
application for exemption and have an opportunity to respond.

Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. 01-27354 Filed 10-30-01; 8:45 am]
BILLING CODE 4510-29-M