[Federal Register Volume 83, Number 160 (Friday, August 17, 2018)]
[Notices]
[Pages 41113-41114]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-17749]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Partitions of Eligible Multiemployer Plans

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intent to request extension of OMB approval of 
information collection.

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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 a collection of information 
contained in its regulation on Partitions of Eligible Multiemployer 
Plans. This notice informs the public of PBGC's intent and solicits 
public comment on the collection of information.

DATES: Comments must be submitted on or before October 16, 2018.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the online instructions for submitting comments.
     Email: [email protected].
     Mail or Hand Delivery: Regulatory Affairs Division, Office 
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street NW, Washington, DC 20005-4026.
    All submissions received must include the agency's name (Pension 
Benefit Guaranty Corporation, or PBGC) and refer to OMB control number 
1212-0068. All comments received will be posted without change to 
PBGC's website, http://www.pbgc.gov, including any personal information 
provided.
    Copies of the collections of information may also be obtained by 
writing to Disclosure Division, Office of the General Counsel, Pension 
Benefit Guaranty Corporation, 1200 K Street NW, Washington, DC 20005-
4026, or calling 202-326-4040 during normal business hours. TTY users 
may call the Federal relay service toll-free at 800- 877-8339 and ask 
to be connected to 202-326-4040. PBGC's regulations on

[[Page 41114]]

multiemployer plans may be accessed on PBGC's website at http://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: Melissa Rifkin 
([email protected]), Attorney, Regulatory Affairs Division, 
Office of the General Counsel, Pension Benefit Guaranty Corporation, 
1200 K Street NW, Washington, DC 20005-4026; 202-326-4400, extension 
6563. (TTY users may call the Federal relay service toll-free at 800-
877-8339 and ask to be connected to 202-326-4400, extension 6563.)

SUPPLEMENTARY INFORMATION: 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 a 
collection of information contained in its regulation on Partitions of 
Eligible Multiemployer Plans (29 CFR part 4233) (OMB control number 
1212-0068; expires December 31, 2018). This notice informs the public 
of PBGC's intent and solicits public comment on the collection of 
information.
    Sections 4233(a) and (b) of the Employee Retirement Income Security 
Act of 1974 (ERISA) allow a plan sponsor of a multiemployer plan to 
apply to PBGC for a partition of the plan and state the criteria that 
PBGC uses to determine a plan's eligibility for a partition.
    PBGC's regulation on Partitions of Eligible Multiemployer Plans (29 
CFR part 4233) sets forth the procedures for applying for a partition, 
the information required to be included in a partition application, and 
notices to interested parties of the application.
    PBGC needs the information to determine whether a plan is eligible 
for partition and whether a proposed partition would comply with the 
statutory conditions required before PGBC may order a partition.
    The collection of information under the regulation has been 
approved by OMB control number 1212-0068 (expires December 31, 2018). 
PBGC intends to request 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.
    PBGC estimates that there will be six applications for partition 
each year for which plan sponsors submit applications under this 
regulation. The total estimated annual burden of the collection of 
information is 78 hours and $239,400.
    PBGC is soliciting public comments to--
     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 methodologies 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.

    Issued in Washington, DC.
Hilary Duke,
Assistant General Counsel for Regulatory Affairs, Pension Benefit 
Guaranty Corporation.
[FR Doc. 2018-17749 Filed 8-16-18; 8:45 am]
 BILLING CODE 7709-02-P