[Federal Register Volume 86, Number 245 (Monday, December 27, 2021)]
[Notices]
[Page 73353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27990]


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PENSION BENEFIT GUARANTY CORPORATION


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

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval of information 
collection.

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

DATES: Comments must be submitted on or before January 26, 2022.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    A copy of the request will be posted on PBGC's website at https://www.pbgc.gov/prac/laws-and-regulation/federal-register-notices-open-for-comment. It may also be obtained without charge by writing to the 
Disclosure Division of the Office of the General Counsel of PBGC, 1200 
K Street NW, Washington, DC 20005-4026; or, calling 202-229-4040 during 
normal business hours (TTY users may call the Federal Relay Service 
toll-free at 800-877-8339 and ask to be connected to 202-229-4040).

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 2005-4026; 202-229-6563. (TTY and TDD 
users may call the Federal relay service toll-free at 800-877-8339 and 
ask to be connected to 202-229-6563.)

SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation 
(PBGC) is requesting 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 February 28, 2022). This notice informs the public of PBGC's 
request 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 PBGC may order a partition.
    The collection of information under the regulation has been 
approved by OMB control number 1212-0068 (expires February 28, 2022). 
On October 18, 2021, PBGC published in the Federal Register (at 86 FR 
57706) a notice informing the public of its intent to request an 
extension of this collection of information. No comments were received. 
PBGC is requesting that OMB extend approval of the collection for 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 each year there will be one application for a 
partition submitted by a plan sponsor under this regulation. The total 
estimated annual burden of the collection of information is 13 hours 
and $45,600.

    Issued in Washington, DC.
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2021-27990 Filed 12-23-21; 8:45 am]
BILLING CODE 7709-02-P