[Federal Register Volume 75, Number 152 (Monday, August 9, 2010)]
[Notices]
[Pages 47857-47858]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-19515]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Locating and Paying Participants

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request to OMB for approval of modifications to 
information collection.

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SUMMARY: Pension Benefit Guaranty Corporation is requesting that the 
Office of Management and Budget (``OMB'') approve modifications to a 
collection of information under the Paperwork Reduction Act (OMB 
control number 1212-0055; expires September 30, 2011). The purpose of 
the information collection is to enable PBGC to locate and pay benefits 
to participants and beneficiaries in plans covered by the PBGC 
insurance program. PBGC intends to add three new forms to the 
information collection and to modify an approved form. 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 September 8, 2010.

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 may also be obtained without charge by 
writing to the Disclosure Division of the Office of the General Counsel 
of PBGC at the above address 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 Disclosure Division will e-mail, 
fax, or mail the requested information to you, as you request.

FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney, 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, ext. 3072 (Burns) 
or 3041 (Klion). (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: The PBGC is requesting that OMB approve 
modifications to an information collection needed to locate and pay 
participants and beneficiaries who may be entitled to pension benefits 
under a defined benefit plan that has terminated. The collection 
consists of information that participants and beneficiaries are asked 
to provide when applying for benefits. In addition, in some instances, 
as part of a search for participants and beneficiaries who may be 
entitled to benefits, the PBGC requests individuals to provide 
identifying information that the individual would provide as part of an 
initial contact with the PBGC. The information collection also includes 
My Pension Benefit Account (My PBA), an application on PBGC's Web site, 
http://www.pbgc.gov, through which plan participants and beneficiaries 
may conduct electronic transactions with PBGC, including applying for 
pension benefits, designating a beneficiary, granting a power of 
attorney, changing contact information, and applying for electronic 
direct deposit. All requested information is needed to enable the PBGC 
to determine benefit entitlements and to make appropriate payments, or 
to provide respondents with specific

[[Page 47858]]

information about their pension plan so they may obtain rough estimates 
of their benefits.
    Most of the applications and forms are covered by the current 
approval. However, PBGC intends to add three new forms to the 
information collection and intends to modify an existing form. Two of 
the new forms will be used to confirm continuing eligibility of 
participants who are receiving benefits based on disability. The other 
new form will be used to determine whether participants are eligible 
for additional pension service credit under the Uniformed Services 
Employment and Reemployment Rights Act, which establishes specific 
rights for reemployed service members in their employee pension benefit 
plans. (See PBGC's final regulation on USERRA Benefits under Title IV 
of ERISA, 74 FR 59093 (Nov. 17, 2009).) PBGC also intends to modify 
PBGC Form 704 (Request for Earnings Information) to eliminate the 
requirement that respondents provide copies of IRS Form W-2 (Wage and 
Tax Statement) to confirm their earnings.
    The collection of information under the regulation has been 
approved by OMB under control number 1212-0055 (expires September 30, 
2011). 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 84,800 benefit application or information forms 
will be filed annually by individuals entitled to benefits from the 
PBGC and that the associated burden is 63,550 hours (an average of 
about 45 minutes per response) and $3,730 (based on PBGC's estimate 
that less than 10% of all benefit applications and information forms 
submitted annually to PBGC will be by mail, at an average of $.44 per 
submission). PBGC further estimates that 12,000 individuals annually 
will provide the PBGC with identifying information as part of an 
initial contact and that the associated burden is 3,500 hours (an 
average of about 20 minutes per response). Thus, the total estimated 
annual burden associated with this collection of information is 67,050 
hours and $3,730.

    Issued in Washington, DC, August 3, 2010.
John H. Hanley,
Director, Legislative and Regulatory Department, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2010-19515 Filed 8-6-10; 8:45 am]
BILLING CODE 7709-01-P