[Federal Register Volume 70, Number 247 (Tuesday, December 27, 2005)]
[Notices]
[Page 76472]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-7828]


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PENSION BENEFIT GUARANTY CORPORATION


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

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
that the Office of Management and Budget (OMB) extend approval, under 
the Paperwork Reduction Act, of the collection 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 request and solicits public comment on the 
collection of information.

DATES: Comments should be submitted by January 26, 2006.

ADDRESSES: Comments may be mailed to the Office of Information and 
Regulatory Affairs of the Office of Management and Budget, Attn: Desk 
Officer for Pension Benefit Guaranty Corporation, Washington, DC 20503.
    Copies of the request for extension may be obtained without charge 
by writing to the PBGC's Communications and Public Affairs Department 
at Suite 11102 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 
http://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 PBGC is requesting that OMB extend its 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.

    Issued in Washington, DC, this 19th day of December, 2005.
Rick Hartt,
Chief Technology Officer, Pension Benefit Guaranty Corporation.
[FR Doc. E5-7828 Filed 12-23-05; 8:45 am]
BILLING CODE 7708-01-P