Justification for No Material or Nonsubstantive Change to Currently-Approved Collection

Justification for No Material or Nonsubstantive Change to Currently-Approved Collection
AGENCY:

Pension Benefit Guaranty Corporation (PBGC)

TITLE:

Payment of Premiums (29 CFR Part 4007) and PBGC forms and instructions
thereunder (PBGC paper 2010 Comprehensive Premium Filing form (Form 1-C),
and 2010 PBGC Estimated Flat-Rate Premium form (Form 1-ES), and related
instructions; and electronic premium filing forms and instructions)

STATUS:

OMB control number 1212-0009; expires April 30, 2011

CONTACT: Catherine B. Klion (326-4223 ext. 3041) or James J. Bloch (326-4223 ext. 3530)
PBGC submitted information collection documents in June 2009 that show the changes PBGC is
making to its paper forms and instructions for premium payments for 2010. OMB approved the
2010 premiums submission on July 21, 2009, with the following proviso under the terms of
clearance: “If the flat premium rates change from the 2009 rates or if one or more business codes
in the “Business Codes” section of the instructions need to be changed, PBGC will promptly
resubmit the information collection as a No Material or Nonsubstantive Change submission to
OMB.”
PBGC’s flat premium rate for single-employer plans increased to $35 per participant for 2010
plan-year premium filings from the 2009 rate of $34 per participant. The flat premium rate for
multiemployer plans remains at $9.00 per participant for 2010 plan-year premium filings. (The
Deficit Reduction Act of 2005 ties the flat premium rates to the national average wage index
under the Social Security Act with a formula set forth in the statute. The index needed to apply
the statutory formula becomes available in October before the year to which it applies. PBGC
learned of the 2010 flat premium rates in mid-October 2009.)
An incorrect reference in Item 14 of the instructions regarding new or newly covered plans was
corrected so that filers know the correct data element to review under Plan Size (Item 3).
PBGC does not anticipate that any business codes will need to be changed in the “Business
Codes” section, but will resubmit the information collection if there are any changes.

I:\regulatory\RM\Paperwork\1212-0009 Part 4007\2010 No-change Stmt to OMB_October 2009.doc