[The Regulatory Plan and Unified Agenda of Federal Regulatory and Deregulatory Actions]
[Pension Benefit Guaranty Corporation Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


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Part XXXIX





Pension Benefit Guaranty Corporation





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Semiannual Regulatory Agenda

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PENSION BENEFIT GUARANTY CORPORATION (PBGC)                            


  



_______________________________________________________________________

PENSION BENEFIT GUARANTY CORPORATION

29 CFR Ch. XXVI

Agenda of Regulations Under Development

AGENCY:  Pension Benefit Guaranty Corporation (PBGC).

ACTION:  Semiannual regulatory agenda.

_______________________________________________________________________

SUMMARY:  This document sets forth the Pension Benefit Guaranty 
Corporation's regulatory agenda issued under Executive Order 12866 and 
the Regulatory Flexibility Act. The agenda lists regulations that are 
currently under development or review or that PBGC expects to have 
under development or review during the next 12 months. The effect of 
this agenda is to advise the public of PBGC's current and future 
regulatory activities.

ADDRESSES:  Office of the General Counsel, Pension Benefit Guaranty 
Corporation, 1200 K Street NW., Washington, DC 20005-4026.

FOR FURTHER INFORMATION CONTACT:  For further information on the agenda 
in general, contact Harold J. Ashner, Assistant General Counsel, Office 
of the General Counsel, (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.) For information about a specific 
regulation project listed on the agenda, contact the person designated 
in the agenda for that regulation.

SUPPLEMENTARY INFORMATION:  Under the President's order on Regulatory 
Planning and Review, Executive Order 12866 (58 FR 51735, October 4, 
1993), each agency is required to prepare an agenda of all regulations 
under development or review. The Regulatory Flexibility Act, Public Law 
98-354, 5 U.S.C. 601, has a similar agenda requirement. Under that law, 
the agenda must list any regulation that is likely to have a 
significant economic impact on a substantial number of small entities.

     The Office of Management and Budget has issued guidelines 
prescribing the form and content of the regulatory agenda. Under 
those guidelines, the agenda must list all regulatory activities 
being conducted or reviewed in the next 12 months and provide 
certain specified information on each regulation. For this edition 
of the Pension Benefit Guaranty Corporation's regulatory agenda, 
the most important significant regulatory action is included in the 
Regulatory Plan, which appears in part II of this issue of the 
Federal Register. The Regulatory Plan entries are listed in the 
table of contents below and are denoted by a bracketed bold 
reference, which directs the reader to the appropriate sequence 
number in part II.

Dated:  September 17, 2001.

 John Seal,

Acting Executive Director, Pension Benefit Guaranty Corporation.

                            Pension Benefit Guaranty Corporation--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4006         Filing Rules.......................................................................     1212-AA89
4007         Rules for Administrative Review of Agency Decisions................................     1212-AA97
4008         Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets         1212-AA55
            (Reg Plan Seq No. 151)............................................................
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan Federal Register


                             Pension Benefit Guaranty Corporation--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4009         Assessment Of and Relief From Penalties............................................     1212-AA95
4010         Payment of Benefits in PBGC-Trusteed Plans.........................................     1212-AA35
----------------------------------------------------------------------------------------------------------------


                             Pension Benefit Guaranty Corporation--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4011         Cash Balance Plans With Variable Indices...........................................     1212-AA96
----------------------------------------------------------------------------------------------------------------


                             Pension Benefit Guaranty Corporation--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4012         Payment of Premiums................................................................     1212-AA58
4013         Calculation and Payment of Unfunded Nonguaranteed Benefits.........................     1212-AA54
4014         Miscellaneous Statutory Amendments.................................................     1212-AA79

[[Page 62503]]

 
4015         Treatment of Substantial Cessation of Operations...................................     1212-AA84
4016         Premium Self-Audit.................................................................     1212-AA93
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_______________________________________________________________________


Pension Benefit Guaranty Corporation (PBGC)         Proposed Rule Stage


  



_______________________________________________________________________




4006. FILING RULES

Priority: Substantive, Nonsignificant

Legal Authority: 29 USC 1301 et seq

CFR Citation: 29 CFR 4000

Legal Deadline: None

Abstract: The PBGC's rules governing the date of filing vary, depending 
on the regulation involved and the method of filing used (e.g., mail 
postmarked by the United States Postal Service, metered mail, 
commercial delivery service, facsimile). The PBGC intends to clarify 
and simplify its filing rules and to provide greater flexibility in 
methods of filing (including by electronic means).

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/00/02
NPRM Comment Period End         05/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas H. Gabriel, Attorney, Pension Benefit Guaranty 
Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA89
_______________________________________________________________________




4007.   RULES FOR ADMINISTRATIVE REVIEW OF AGENCY DECISIONS

Priority: Substantive, Nonsignificant

Legal Authority: 29 USC 1302(b)(3)

CFR Citation: 29 CFR 4003

Legal Deadline: None

Abstract: The PBGC plans to clarify and simplify the rules governing 
its administrative review process. As part of this rulemaking, the PBGC 
intends to rewrite its administrative review regulation in plain 
language and to explore ways to make its procedures more efficient.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/02
NPRM Comment Period End         11/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas H. Gabriel, Attorney, Pension Benefit Guaranty 
Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA97
_______________________________________________________________________




4008. ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS; VALUATION OF 
BENEFITS AND ASSETS

 Regulatory Plan: This entry is Seq. No. 151 in part II of this issue 
of the Federal Register.

RIN: 1212-AA55
_______________________________________________________________________


Pension Benefit Guaranty Corporation (PBGC)            Final Rule Stage


  



_______________________________________________________________________




4009. ASSESSMENT OF AND RELIEF FROM PENALTIES

Priority: Substantive, Nonsignificant

Legal Authority: 28 USC 2461 note; 29 USC 1302(b)(3); 29 USC 1303(a); 
29 USC 1306; 29 USC 1307; 29 USC 1371

CFR Citation: 29 CFR 4003; 29 CFR 4007; 29 CFR 4071

Legal Deadline: None

Abstract: The PBGC has issued a number of policy statements about 
penalties over the last few years. For the convenience of the public, 
the PBGC proposes to replace those policy statements with an updated 
and expanded set of penalty policies codified in its regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/12/01                     66 FR 2856
NPRM Comment Period End         03/13/01
Final Action                    03/00/02
Final Action Effective          04/00/02

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deborah C. Murphy, Attorney, Pension Benefit Guaranty 
Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA95

[[Page 62504]]

_______________________________________________________________________




4010. PAYMENT OF BENEFITS IN PBGC-TRUSTEED PLANS

Priority: Substantive, Nonsignificant

Legal Authority: 29 USC 1302(b)(3); 29 USC 1322; 29 USC 1342

CFR Citation: 29 CFR 4022

Legal Deadline: None

Abstract: When the PBGC assumes trusteeship of a terminated pension 
plan pursuant to sections 4041 and 4042 of ERISA, it pays benefits to 
participants pursuant to plan provisions and section 4022 of ERISA. 
This regulation will fill gaps in the rules and otherwise clarify 
matters that had been handled on a case-by-case basis in the past.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/26/00                    65 FR 81456
NPRM Comment Period End         02/26/01
Final Action                    12/00/01
Final Action Effective          01/00/02

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Catherine B. Klion, Attorney, Office of the General 
Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, 
Washington, DC 20005-4024
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA35
_______________________________________________________________________


Pension Benefit Guaranty Corporation (PBGC)           Long-Term Actions


  



_______________________________________________________________________




4011. CASH BALANCE PLANS WITH VARIABLE INDICES

Priority: Substantive, Nonsignificant

CFR Citation: Not Yet Determined

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Request for Comments            06/06/00                    65 FR 41610
Comment Period End              09/22/00


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Catherine B. Klion
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA96
_______________________________________________________________________


Pension Benefit Guaranty Corporation (PBGC)           Completed Actions


  



_______________________________________________________________________




4012. PAYMENT OF PREMIUMS

Priority: Other Significant

Legal Authority: 29 USC 1302(b)(3); 29 USC 1306; 29 USC 1307

CFR Citation: 29 CFR 4006; 29 CFR 4007

Legal Deadline: None

Abstract: The PBGC is withdrawing this proposed regulation because it 
is out of date. If PBGC decides to change the premium regulations, it 
will initiate a new rulemaking action.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/10/92                    57 FR 12666
NPRM Comment Period End         05/26/92
NPRM Comment Period Extended to 
11/16/92                        09/17/92                    57 FR 42910
Final Action Extending Premium 
Due Dates                       12/14/98                    63 FR 68684
Final Action Extending Premium 
Due Dates Effective             02/12/99
Final Action Amending 
Participant Definition and 
Making Other Simplifying Changes12/01/00                    65 FR 75160
Final Action Amending 
Participant Definition and 
Making Other Simplifying Changes 
Effective                       01/01/01
Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah C. Murphy, Attorney, Pension Benefit Guaranty 
Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA58
_______________________________________________________________________




4013. CALCULATION AND PAYMENT OF UNFUNDED NONGUARANTEED BENEFITS

Priority: Other Significant

Legal Authority: 29 USC 1302(b)(3); 29 USC 1322(c)

CFR Citation: 29 CFR 4022 subpart C

Legal Deadline: None

Abstract: The PBGC is withdrawing this project because it is 
reevaluating whether a regulation is needed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Additional Information: RFA: N

Agency Contact: Peter H. Gould, Senior Counsel, Pension Benefit 
Guaranty Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4020
TDD Phone: 800 877-8339

[[Page 62505]]

Fax: 202 326-4112

RIN: 1212-AA54
_______________________________________________________________________




4014. MISCELLANEOUS STATUTORY AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 29 USC 1301 et seq

CFR Citation: 29 CFR 4000 et seq

Legal Deadline: None

Abstract: The PBGC is withdrawing this as a separate project because it 
intends to incorporate in other substantive rulemaking any regulatory 
changes that are necessary to reflect statutory changes.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Thomas H. Gabriel, Attorney, Pension Benefit Guaranty 
Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA79
_______________________________________________________________________




4015. TREATMENT OF SUBSTANTIAL CESSATION OF OPERATIONS

Priority: Substantive, Nonsignificant

Legal Authority: 29 USC 1302(b)(3); 29 USC 1362; 29 USC 1363; 29 USC 
1364; 29 USC 1365

CFR Citation: 29 CFR 4062

Legal Deadline: None

Abstract: The PBGC is withdrawing this project because it is 
reevaluating whether a regulation is needed.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: James L. Beller, Attorney, Pension Benefit Guaranty 
Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA84
_______________________________________________________________________




4016. PREMIUM SELF-AUDIT

Priority: Substantive, Nonsignificant

Legal Authority: 29 USC 1302; 29 USC 1307

CFR Citation: 29 CFR 4007

Legal Deadline: None

Abstract: The PBGC is withdrawing this project because practitioners 
have advised the PBGC that there is no longer a need for a premium 
self-audit program.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       10/01/01

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Deborah C. Murphy, Attorney, Pension Benefit Guaranty 
Corporation, Office of the General Counsel, 1200 K Street NW, 
Washington, DC 20005-4026
Phone: 202 326-4024
TDD Phone: 800 877-8339
Fax: 202 326-4112

RIN: 1212-AA93
[FR Doc. 01-23860 Filed 11-30-01; 8:45 am]
BILLING CODE 7708-01-S
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