[Federal Register Volume 84, Number 33 (Tuesday, February 19, 2019)]
[Notices]
[Pages 4863-4864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02640]


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PENSION BENEFIT GUARANTY CORPORATION


Proposed Submission of Information Collection for OMB Review; 
Comment Request; Annual Financial and Actuarial Information Reporting

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 Annual Financial and Actuarial 
Information Reporting. This notice informs the public of PBGC's intent 
and solicits public comment on the collection.

DATES: Comments must be submitted on or before April 22, 2019.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the 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 ``4010 reporting,'' 
OMB Control No. 1212-0049. All comments received will be posted without 
change to PBGC's website, http://www.pbgc.gov, including any personal 
information provided.
    Copies of the collection 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 laws and procedures for coverage 
determinations may be accessed on PBGC's website at http://www.pbgc.gov.

FOR FURTHER INFORMATION CONTACT: Stephanie Cibinic, Deputy Assistant 
General Counsel, Regulatory Affairs Division, Office of the General 
Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, 
Washington DC 20005-4026; 202-326-4400, extension 6352. (TTY users may 
call the Federal Relay Service toll-free at 800-877-8339 and ask to be 
connected to 202-326-4400, extension 6352.)

SUPPLEMENTARY INFORMATION: Section 4010 of the Employee Retirement 
Income Security Act of 1974 (ERISA) and PBGC's regulation on Annual 
Financial and Actuarial Information Reporting (29 CFR part 4010) 
require each member of a controlled group to submit financial and 
actuarial information to PBGC under certain circumstances. Section 4010 
specifies that each controlled group member must provide PBGC with 
certain financial information, including audited (if available) or (if 
not) unaudited financial statements. Section 4010 also specifies that 
the controlled group must provide PBGC with certain actuarial 
information necessary to determine the liabilities and assets for all 
PBGC-covered plans.
    PBGC's 4010 regulation specifies the items of identifying, 
financial, and actuarial information that filers must submit under 
section 4010, through PBGC's secure e-4010 web-based application. 
Computer-assisted analysis of this information helps PBGC to anticipate 
possible major demands on the pension insurance system and to focus 
PBGC resources on situations that pose the greatest risks to that 
system. Because other sources of information are usually not as current 
as the section 4010 information and do not reflect a plan's termination 
liability, the section 4010 filing plays a major role in PBGC's ability 
to protect participant and premium-payer interests.
    PBGC estimates that 560 controlled groups would file each year. The 
total estimated annual burden of the information collection would be 
approximately 532 hours and $12,830,000.
    The existing collection of information was approved under OMB 
control number 1212-0049 (expires July 31, 2019). PBGC intends to 
request that OMB extend approval of this information collection 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.

[[Page 4864]]

    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.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2019-02640 Filed 2-15-19; 8:45 am]
 BILLING CODE 7709-02-P