[Federal Register Volume 70, Number 193 (Thursday, October 6, 2005)]
[Notices]
[Pages 58492-58493]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-20141]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Reportable Events

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intention to request extension of OMB approval.

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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) intends to 
request that the Office of Management and Budget (OMB) extend approval, 
under the Paperwork Reduction Act, of collections of information under 
Part 4043 of its regulations relating to Reportable Events (OMB control 
number 1212-0013; expires January 31, 2006). This notice informs the 
public of the PBGC's intent and solicits public comment on the 
collection of information.

DATES: Comments must be submitted by December 5, 2005.

ADDRESSES: Comments may be mailed to the Legislative and Regulatory 
Department, Pension Benefit Guaranty Corporation, 1200 K Street, NW., 
Washington, DC 20005-4026, or delivered to Suite 340 at that address 
during normal business hours. Comments also may be submitted by e-mail 
to [email protected], or by fax to 202-326-4112. The PBGC 
will make all comments available on its Web site at www.pbgc.gov.
    Copies of the collections of information may be obtained without 
charge by writing to the PBGC's Communications and Public Affairs 
Department at Suite 240 at the above address or by visiting that office 
or calling 202-326-4040 during normal business hours. (TTY and TDD 
users may call the Federal relay service toll-free at 1-800-877-8339 
and ask to be connected to 202-326-4040.) The reportable events 
regulations, forms, and instructions may be accessed on the PBGC's Web 
site at www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: James L. Beller, Jr., Attorney, 
Legislative and Regulatory Department, Pension Benefit Guaranty 
Corporation, 1200 K Street, NW., Washington, DC 20005-4026, 202-326-
4024. (For TTY/TDD users, call the Federal relay service toll-free at 
1-800-877-8339 and ask to be connected to 202-326-4024.)

SUPPLEMENTARY INFORMATION: Section 4043 of the Employee Retirement 
Income Security Act of 1974 (ERISA) requires plan administrators and 
plan sponsors to report certain plan and corporate events to the PBGC. 
The reporting requirements give the PBGC timely notice of events that 
indicate plan or employer financial problems. The PBGC uses the 
information provided in determining what, if any, action it needs to 
take. For example, the PBGC might need to institute proceedings to 
terminate the plan (placing it in trusteeship) under section 4042 of 
ERISA to ensure the continued payment of benefits to plan participants 
and their beneficiaries or to prevent unreasonable increases in its 
losses.
    The collection of information under the regulation has been 
approved through January 31, 2006, by OMB under control number 1212-
0013. The

[[Page 58493]]

PBGC intends to request that OMB extend approval for another three 
years. An agency may not conduct or sponsor, and a person is not 
required to respond to, a collection of information unless it displays 
a currently valid OMB control number.
    The PBGC estimates that it will receive 705 reportable events per 
year under this collection of information. The PBGC further estimates 
that the average annual burden of this collection of information is 
2,974 hours and $817,850.
    The PBGC is soliciting public comments to--
     Evaluate whether the proposed collections of information 
are 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 collections of information, including the 
validity of the methodologies and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collections 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.

    Issued in Washington, DC, this 29th day of September, 2005.
Rick Hartt,
Chief Technology Officer, Pension Benefit Guaranty Corporation.
[FR Doc. 05-20141 Filed 10-5-05; 8:45 am]
BILLING CODE 7708-01-P