[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 XL





Pension Benefit Guaranty Corporation





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Semiannual Regulatory Agenda

[[Page 74036]]



PENSION BENEFIT GUARANTY CORPORATION (PBGC)






_______________________________________________________________________

PENSION BENEFIT GUARANTY CORPORATION

29 CFR Ch. XL

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. Proposed 
regulations that are open for public comment may be viewed, and 
commented on, at the centralized Government rulemaking website, 
www.regulations.gov, or on the Pension Benefit Guaranty 
Corporation's website, www.pbgc.gov/regs. For this edition of the 
Pension Benefit Guaranty Corporation's regulatory agenda, the most 
significant regulatory actions are 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: October 1, 2004.

Bradley D. Belt,

Executive Director, Pension Benefit Guaranty Corporation.

                            Pension Benefit Guaranty Corporation--Proposed Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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3650        Transparency of Information Related to Plan Liabilities (Reg Plan Seq No. 145)........    1212-AB01
3651        Filing Rules..........................................................................    1212-AB02
3652        Liability Pursuant to Section 4062(e) of ERISA........................................    1212-AB03
3653        Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets (Reg      1212-AA55
            Plan Seq No. 144).....................................................................
3654        Payment of Benefits in PBGC-Trusteed Plans............................................    1212-AA98
----------------------------------------------------------------------------------------------------------------
References in boldface appear in the Regulatory Plan in part II of this issue of the Federal Register.


                             Pension Benefit Guaranty Corporation--Final Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
3655        Assessment Of and Relief From Penalties...............................................    1212-AA95
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


Pension Benefit Guaranty Corporation (PBGC)         Proposed Rule Stage






_______________________________________________________________________




3650.  TRANSPARENCY OF INFORMATION RELATED TO PLAN 
LIABILITIES

 Regulatory Plan: This entry is Seq. No. 145 in part II of this issue 
of the Federal Register.

RIN: 1212-AB01
_______________________________________________________________________




3651.  FILING RULES

Priority: Other Significant

Legal Authority: 29 USC 1302(b)(3); 29 USC 1303(a); 29 USC 1306; 29 USC 
1307

CFR Citation: 29 CFR 4000

Legal Deadline: None

Abstract: The PBGC is considering requiring electronic filing of 
premium declarations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04

[[Page 74037]]

NPRM Comment Period End         02/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For More Information:
www.pbgc.gov/regs

URL For Public Comments:
www.pbgc.gov/regs

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-AB02
_______________________________________________________________________




3652.  LIABILITY PURSUANT TO SECTION 4062(E) OF ERISA

Priority: Other Significant

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

CFR Citation: 29 CFR 4062; 29 CFR 4063

Legal Deadline: None

Abstract: The PBGC proposes to amend its regulations to provide a rule 
for computing liability under section 4063(b) of ERISA when there is a 
substantial cessation of operations by an employer as described by 
section 4062(e) of ERISA.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/04
NPRM Comment Period End         02/00/05

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For More Information:
www.pbgc.gov/regs

URL For Public Comments:
www.pbgc.gov/regs

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-AB03
_______________________________________________________________________




3653. ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS; VALUATION OF 
BENEFITS AND ASSETS

 Regulatory Plan: This entry is Seq. No. 144 in part II of this issue 
of the Federal Register.

RIN: 1212-AA55
_______________________________________________________________________




3654. PAYMENT OF BENEFITS IN PBGC-TRUSTEED PLANS

Priority: Other Significant

Legal Authority: 29 USC 1302(b)(3); 29 USC 1322; 29 USC 1344

CFR Citation: 29 CFR 4022; 29 CFR 4044

Legal Deadline: None

Abstract: When the PBGC assumes trusteeship of a terminated pension 
plan, it pays benefits to participants pursuant to plan provisions and 
title IV of ERISA. The PBGC is exploring how to improve its benefit 
payments rules. This regulation will fill in gaps in the rules, clarify 
matters that have been handled on a case-by-case basis in the past, and 
otherwise address issues relating to the determination of guarantee 
limits and the time, form, and manner of payment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

URL For More Information:
www.pbgc.gov/regs

URL For Public Comments:
www.pbgc.gov/regs

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-AA98
_______________________________________________________________________


Pension Benefit Guaranty Corporation (PBGC)            Final Rule Stage






_______________________________________________________________________




3655. 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
Supplemental NPRM (Participant 
Notice)                         05/07/04                    69 FR 25797
NPRM Comment Period End         07/06/04
Final Action                    01/00/05
Final Action Effective          02/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

URL For More Information:
www/pbgc.gov/regs

URL For Public Comments:
www.pbgc.gov/regs

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

[[Page 74038]]

Fax: 202 326-4112

Related RIN: Related to 1212-AB00
RIN: 1212-AA95
[FR Doc. 04-22633 Filed 12-10-04; 8:45 am]
BILLING CODE 7708-01-S