Justification

Justification for Nonmaterial / Nonsubstantive Change
AGENCY:

Pension Benefit Guaranty Corporation (PBGC)

TITLE:

Payment of Premiums (29 CFR Part 4007) and PBGC forms and instructions
thereunder (PBGC paper Form 1-ES, Form 1-EZ, Form 1 and Schedule A to
Form 1, and related instructions; and electronic premium filing forms and
instructions); Disclosure to Participants (29 CFR Part 4011)

STATUS:

OMB control number 1212-0009; expires April 30, 2008

CONTACT: Catherine B. Klion (326-4223 ext. 3041) or James J. Bloch (326-4223 ext. 3530)
The information collection documents that PBGC is submitting show the paper version of
changes PBGC is making to its forms and instructions for estimated premium payments for 2008.
Changes to PBGC’s electronic filing application, “My Pension Administration Account” (“My
PAA”) will track the paper changes.
PBGC needs these changes approved quickly so that we can make available in January 2008 the
2008 plan year forms and instructions for estimated premium payments. Large-plan filers (i.e.,
plans that were required to pay premiums for 500 or more participants for the prior plan year) are
required to pay PBGC’s flat-rate premium early in the premium payment year. Because the
participant count often is not available until later in the premium payment year, PBGC permits
filers to make estimated flat-rate premium filings. Large-plan, calendar-year 2008 filers will
owe flat-rate premiums by February 29, 2008, and most of these filers will have to make
estimated flat-rate premium filings.
The 2008 Form 1-ES and related instructions are almost the same as the 2007 Form 1-ES and
related instructions. The following is a list of the nonmaterial changes from 2007 that PBGC is
making in this collection:
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Changed the per-participant flat-rate premium amount due from $31 to $33 for singleemployer plans, and from $8 to $9 for multiemployer plans, as required by the Deficit
Reduction Act of 2005.
Changed the “Survey Results and Service Improvement Effort” section to reflect information
gleaned from the 2007 customer satisfaction survey.
Added language in the “Paperwork Reduction Act Notice” information box to make clear
that PBGC is requesting this premium information to determine the amount of estimated
premium due, along with identifying the plan and plan year for which an estimated premium
is paid to PBGC.
Changed references to “First Filing Due Date” in 2007 to “Estimated Filing Due Date” to
conform to 2008 terminology changes tied to due date changes.
Page 8 of instructions (“Reconciling” section): Added language clarifying new reconciliation
filing terminology, e.g., a “final filing” in 2007 will be called a “comprehensive premium
filing” in 2008.

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Page 12 of instructions (item 7): Deleted language in the first bullet re: “any other available
credits” entitled to be claimed. This is to clarify that only this year’s and the prior year’s
credit can be claimed; credits from earlier years are refunded.
Deleted references to the Estimated Premium Payment Package being available at Employee
Benefits Security Administration (EBSA) offices because hard copies will no longer be
available there; they are available on PBGC’s Web site or by calling PBGC. Similarly, the
option allowing administrators to order earlier PBGC payment packages is no longer
available; the packages are available on PBGC’s Web site or by calling PBGC.
PBGC states on the cover page that premium instructions will no longer be mailed out
starting in 2009, but will continue to be available on PBGC’s Web site and within PBGC’s efiling application, My PAA. Accordingly, the option on prior Form 1-ES filing forms for
administrators to check regarding non-receipt of future paper instructions has been deleted on
the 2008 Form 1-ES because it is no longer necessary.
Made editorial and formatting changes.

I:\regulatory\RM\Paperwork\1212-0009 Part 4007\2008 forms & instrucxs\2008 EPPP - Justification for
Nonmaterial changes to OMB_11.30.07.doc

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