[Federal Register Volume 68, Number 58 (Wednesday, March 26, 2003)]
[Notices]
[Pages 14746-14747]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-7273]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[REG-107644-97]


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an 
existing final regulation, REG-107644-97 (TD 8769), Permitted 
Elimination of Preretirement Optional Forms of Benefit (Sec.  1.411(d)-
4).

DATES: Written comments should be received on or before May 27, 2003 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Glenn Kirkland, Internal 
Revenue Service, room 6411, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this regulation should be directed to Allan Hopkins, (202) 
622-6665, or through the Internet ([email protected]), Internal 
Revenue Service, room 6411, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Permitted Elimination of Preretirement Optional Forms of 
Benefit.
    OMB Number: 1545-1545.
    Regulation Project Number: REG-107644-97.
    Abstract: This regulation permits an amendment of a qualified plan 
or other employee pension benefit plan that eliminates plan provisions 
for benefit distributions before retirement age but after age 70\1/2\. 
The regulation affects employers that maintain qualified plans and 
other employee pension benefit plans, plan administrators of these 
plans and participants in these plans.
    Current Actions: There is no change to this existing regulation.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
not-for-profit institutions.
    Estimated Number of Respondents: 135,000.
    Estimated Average Time Per Respondent: 22 min.
    Estimated Total Annual Burden Hours: 48,800.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of

[[Page 14747]]

information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden of the 
collection of information; (c) ways to enhance the quality, utility, 
and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of automated collection techniques or other forms of 
information technology; and (e) estimates of capital or start-up costs 
and costs of operation, maintenance, and purchase of services to 
provide information.

    Approved: March 17, 2003.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 03-7273 Filed 3-25-03; 8:45 am]
BILLING CODE 4830-01-P