The information
collection request associated with the Payment of Premiums proposed
rule is not approved at this time. PBGC only has approval for use
of the forms that are not being changed. PBGC will review public
comments on the proposed rule and determine what changes need to be
made to the collection. PBGC will resubmit the collection in
conjunction with the final rule.
Inventory as of this Action
Requested
Previously Approved
04/30/2008
36 Months From Approved
04/30/2008
35,220
0
35,220
3,478
0
3,478
18,173,000
0
18,173,000
Administrators of PBGC-insured pension
plans file with PBGC premium information and premium payments
required under 29 USC 1307 and 29 CFR Part 4007, which also
requires retention and production of records necessary to support
premium filings. The information identifies payers and lets PBGC
verify premium computations and perform premium audits. It also
helps PBGC estimate its exposure if plans terminate, track movement
of participants and assets, determine whether new plans are being
created, and update its insured-plan inventory. The retained
records facilitate audits.
None
US Code: 29 USC 1306 Name of Law: Pension
Protection Act of 2006
The increase in burden is
attributable primarily to an increase in the burden per respondent
because of changes in the governing statute and in PBGCs
estimation of the time needed to make premium filings under the new
rules (offset somewhat by a downward revision in PBGCs estimate of
the number of respondents) and secondarily to PBGCs introduction
of new premium information filing requirements. See Supporting
Statement for more information.
$6,500,000
No
No
Uncollected
Uncollected
Uncollected
Uncollected
James Bloch 202-326-4223 ext.
3530 bloch.james@pbgc.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.