[Federal Register Volume 71, Number 7 (Wednesday, January 11, 2006)]
[Notices]
[Page 1772]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-147]


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DEPARTMENT OF LABOR

Office of the Secretary


Submission for OMB Review: Comment Request

January 3, 2006.
    The Department of Labor (DOL) has submitted the following public 
information collection request (ICR) 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 
this ICR, with applicable supporting documentation, may be obtained by 
contacting Darrin King on 202-693-4129 (this is not a toll-free number) 
or e-mail: [email protected].
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for the Employee Benefits Security 
Administration (EBSA), Office of Management and Budget, Room 10235, 
Washington, DC 20503, 202-395-7316 (this is not a toll-free number), 
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, e.g., permitting 
electronic submission of responses.
    Agency: Employee Benefits Security Administration.
    Type of Review: Extension of currently approved collection.
    Title: Disclosures by Insurers to General Account Policyholders.
    OMB Number: 1210-0114.
    Frequency: Annually.
    Type of Response: Third party disclosure.
    Affected Public: Business or other for-profit; Individuals or 
households; and Not-for-profit institutions.
    Number of Respondents: 104.
    Number of Annual Responses: 112,500.
    Estimated Time Per Response: 3.75 hours per policy for preparing 
the annual disclosure and 2 hours per policy for distribution.
    Total Burden Hours: 478,125.
    Total Annualized capital/startup costs: $0.
    Total Annual Costs (operating/maintaining systems or purchasing 
services): $22,000.00.
    Description: Section 1460 of the Small Business Job Protection Act 
of 1996 (Pub. L. 104-188) adding a new section 401(c) to ERISA to 
establish requirements for ``Transition Policies'' issued before 
December 31, 1998, to employee benefit plans, under which plan assets 
are held in the insurer's general account. The regulation requires 
financial information to be provided to the plan policyholder when the 
policy is first issued, annually, and upon request.

Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. E6-147 Filed 1-10-06; 8:45 am]
BILLING CODE 4510-29-P