Reportable Events

Forms and Documents

Document Name	Status
Justification.4-17-09.doc Justification for No Material/Nonsubstantive Change	2009-04-17
Tech Update09-3.4-17-09.doc Supplementary Document	2009-04-17

IC Document Collections

IC ID	Document Title	Status
13522	Reportable Events Instruction	Unchanged

ICR Details

OMB Control No: 1212-0013	ICR Reference No: 200904-1212-002
Status: Historical Active	Previous ICR Reference No: 200901-1212-006
Agency/Subagency: PBGC	Agency Tracking No:
Title: Reportable Events
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/30/2009
	Date Received in OIRA: 04/17/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2012	03/31/2012	03/31/2012
Responses	637	0	637
Time Burden (Hours)	2,676	0	2,676
Cost Burden (Dollars)	936,600	0	936,600

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Abstract: Under PBGC regulations implementing 29 CFR Part 4043 of ERISA, plan administrators and contributing sponsors must notify the PBGC of certain reportable events. The reporting requirements give the PBGC timely notice of events that indicate plan or contributing sponsor financial problems. The PBGC uses the information provided in determining what, if any, action it needs to take.

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Authorizing Statute(s): US Code: 29 USC 1343 Name of Law: ERISA
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 70681	11/21/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 4786	01/27/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Reportable Events	Form 10-Advance, 10	Advance Notice of Reportable Event ,   Post-Event Notice of Reportable Events

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ICR Summary of Burden

	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	637	637	0	0	0	0
Annual Time Burden (Hours)	2,676	2,676	0	0	0	0
Annual Cost Burden (Dollars)	936,600	936,600	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The adjustment in burden is the result of a slight decrease in the number of expected filings based upon PBGC’s experience, and an increase in the hourly contracting rate.

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Annual Cost to Federal Government: $203,560

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 04/17/2009

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