[Federal Register Volume 74, Number 16 (Tuesday, January 27, 2009)]
[Notices]
[Pages 4786-4787]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-1790]


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

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 of a currently 
approved collection (with modifications).

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

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 (with 
modifications) under subparts A, B, and C of Part 4043 of its 
regulations on Reportable Events and Certain Other Notification 
Requirements (OMB control number 1212-0013; expires February 28, 2009). 
This notice informs the public of PBGC's request and solicits public 
comment on the collection of information.

DATES: Comments must be submitted by February 26, 2009.

ADDRESSES: Comments should be sent to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, Attention: Desk 
Officer for Pension Benefit Guaranty Corporation, via electronic mail 
at [email protected] or by fax to 202-395-6974.
    Copies of the collection of information and comments may be 
obtained without charge by writing to the Disclosure Division, Office 
of General Counsel, 1200 K St., NW., Washington, DC 20005-4026, or by 
visiting the Disclosure Division 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 regulation, forms, and instructions may be 
accessed on PBGC's Web site at http://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: James Bloch, Program Analyst, 
Legislative and Policy Division, or Catherine B. Klion, Manager, 
Regulatory and Policy Division, 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

[[Page 4787]]

Income Security Act of 1974 (ERISA) requires plan administrators and 
plan sponsors to report certain plan and employer events to PBGC. The 
reporting requirements give PBGC notice of events that indicate plan or 
employer financial problems. PBGC uses the information provided in 
determining what, if any, action it needs to take. For example, PBGC 
might need to institute proceedings to terminate a 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 forms and instructions have been revised to remove information 
that is no longer applicable in light of changes made by the Pension 
Protection Act of 2006 and to refer to interim guidance issued by PBGC.
    The collection of information under the regulation has been 
approved through February 28, 2009, by OMB under control number 1212-
0013. PBGC is requesting that OMB extend approval of the collection 
(with modifications) 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.
    PBGC estimates that it will receive 637 reportable events per year 
under this collection of information. PBGC further estimates that the 
average annual burden of this collection of information is 2,676 hours 
and $936,600.

    Issued in Washington, DC, this 21st day of January 2009.
John H. Hanley,
Director, Legislative and Regulatory Department, Pension Benefit 
Guaranty Corporation.
 [FR Doc. E9-1790 Filed 1-26-09; 8:45 am]
BILLING CODE 7709-01-P