[Federal Register Volume 67, Number 204 (Tuesday, October 22, 2002)]
[Notices]
[Pages 64912-64913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-26759]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review; Comment Request

October 9, 2002.
    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) 693-4158 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.
    * 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

[[Page 64913]]

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 (PWBA).
    Title: ERISA Technical Release 91-1.
    OMB Number: 1210-0084.
    Affected Public: Business or other for-profit, Individuals or 
households, and Not-for-profit institutions.
    Frequency: On Occasion.
    Estimated Time Per Response: 20 minutes preparation and 1.5 minutes 
distribution.
    Number of Respondents: 52.
    Number of Annual Responses: 66.
    Total Burden Hours: 4,567.
    Total Annualized Capital/Starup Costs: $0.
    Total Annual Costs (operating/maintaining systems or purchasing 
services): $33,670.
    Description: Section 101(e) of the Employee Retirement Income 
Security Act of 1974 (ERISA) sets forth certain notice requirements 
which must be satisfied before an employer may transfer excess assets 
from a defined benefit plan to a retiree health benefit account after 
satisfying the conditions set forth in section 420 of the Internal 
Revenue Code of 1986, as amended. The reporting requirements are 
intended to protect the rights of participants and beneficiaries by 
giving the Secretaries of Labor and the Treasury and each participant 
and beneficiary under the plan advanced notice of a transfer of plan 
assets from a defined benefit plan to a retiree health benefit account.

    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration (PWBA).
    Title: Disclosures by Insurers to General Account Policy-holders.
    OMB Number: 1210-0114.
    Affected Public: Business or other for-profit, Individuals or 
households, and Not-for-profit institutions.
    Frequency: Annually.
    Number of Respondents: 104.
    Number of Annual Response: 123,500.
    Total Burden Hours: 466,667.
    Total Annualized Capital/Startup Costs: $0.
    Total Annual Costs (operating/maintaining systems or purchasing 
services): $45,700.
    Description: Section 1460 of the Small Business Job Protection Act 
of 1996 (Pub. L. 104-188) amended ERISA by adding a new section 401(c), 
which clarifies the application of ERISA to insurance company general 
accounts. New section 401(c) requires that certain steps are taken by 
insurance companies which offer and maintain policies for private 
sector employee benefit plans where the assets are held in the 
insurer's general account. The Department must meet a statutory mandate 
to ensure that the regulations issued are administratively feasible and 
protective of the interests and rights of the plan and its participants 
and beneficiaries. This information collection implements statutory 
prescribed disclosure obligations of the insurer in it annual reports 
and policies.

Ira L. Mills,
Department Clearance Officer.
[FR Doc. 02-26759 Filed 10-21-02; 8:45 am]
BILLING CODE 4510-29-M