This information
collection provisions associated with this proposed rule are not
approved at this time. PBGC shall examine public comment in
response to the NPRM and will describe in the preamble of the final
rule how the agency has maximized the practical utility of the
collection and minimized the burden. For any future submissions of
this information collection, PBGC shall reference OMB ICR reference
number 200611-1212-002.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
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0
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In certain cases where a PBGC-insured
pension plan terminates in a distress or involuntary termination,
the plans sponsor group must pay termination premiums to PBGC for
three years under 29 USC 1307 and 29 CFR Part 4007, which also
requires retention and production of records necessary to support
premium payments. The information in this collection identifies the
plan and sponsor group and lets PBGC verify premium computations.
The retained records facilitate audits.
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.