In mass withdrawals, ERISA Section
4219(c)(1)(D) requires multiemployer plan sponsors to redetermine
withdrawal liability and fuly allocate unfunded vested benefits. In
substantial withdrawals, Section 4209(c) requires collection of de
minimis amounts. This regulation explains how to redtermine and
allocate liabilities and requires notices to PBGC of mass or
substantial withdrawals and of the required
determinations.
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.