Survey of Nonparticipating Single-Premium Group Annuity Rates

ICR 199912-1212-001

OMB: 1212-0030

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1212-0030 199912-1212-001
Historical Active 199609-1212-002
PBGC
Survey of Nonparticipating Single-Premium Group Annuity Rates
Extension without change of a currently approved collection   No
Regular
Approved without change 01/03/2000
Retrieve Notice of Action (NOA) 12/02/1999
  Inventory as of this Action Requested Previously Approved
01/31/2003 01/31/2003 12/31/1999
32 0 28
32 0 21
0 0 752,000

PBGC, through the American Council of Life Insurance, surveys insurance companies to find the prices they currently charge for group annuities. PBGC uses this information, with other market rate data, to set interest rates for valuing benefits under terminating single-employer pension plans and multiemployer pension plans from which there has been a mass withdrawal of contributing employers. The information is needed to ensure that PBGC's rates reflect current market conditions.

None
None


No

1
IC Title Form No. Form Name
Survey of Nonparticipating Single-Premium Group Annuity Rates

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 32 28 0 0 4 0
Annual Time Burden (Hours) 32 21 0 0 11 0
Annual Cost Burden (Dollars) 0 752,000 0 0 -752,000 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
12/02/1999


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