OMB29-0532-1(3-24-14)

OMB29-0532-1(3-24-14).doc

VA MATIC Authorization (29-0532-1)

OMB: 2900-0492

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SUPPORTING STATEMENT

VA FORM 29-0532-1

VAMATIC AUTHORIZATION

2900-0492



A. JUSTIFICATION


1. This form is used by veterans to make automatic withdrawals from their bank accounts to pay insurance premiums. The information requested is authorized by law, 38 USC, Section 1908. The expiration date is being added to the form.


2. The data collected on this form is used by the Department of Veterans Affairs (VA) to process the policyholder’s request. This form authorizes the Department of Veterans Affairs to start a deduction from the insured’s bank account for the purpose of paying Government Life Insurance premiums.


3. VA Form 29-0532-1 is available on the One-VA web site in a fillable electronic format. VBA is currently hosting this form on a secure server and does not currently have the technology in place to allow for the complete submission of the form. Validation edits are performed to assure data integrity. Efforts within VA are underway to provide a mechanism to allow the information to be submitted electronically with a recognized signature technology. There currently is no utility process in place that will allow the data submitted on the form to be incorporated with an existing centralized legacy database.


4. The information is not contained in any other VA records. Similar information is not available elsewhere.


5. The information does not involve any small businesses.


6. This form is designed for use by the insurance activity to process the policyholder’s request. The collection is generally conducted only once.


7. There are no special circumstances requiring that the collection of information be conducted in a manner inconsistent with the guidelines in 5 CFR Section 1320.6.


8. The Department notice was published in the Federal Register on December 20, 2013, Volume 78, Number 250, Pages 79563-79564. There are no persons outside the Department of Veterans Affairs with whom the material submitted was discussed. The information does not involve obtaining information from any state or local Government. There is no person or organization other than VA that will collect the information which is submitted by the insured. No comments were received.


9. The information collected is supplied by the respondent. No remuneration is made.


10. The information collection conforms with the Privacy Act of 1974 and is subject to the conditions of disclosure contained therein. The records are maintained in the system identified as 36VA00, "Veterans and Armed Forces Personnel United States Government Life Insurance Records - VA" as contained in the Privacy Act Issuances, 1993 Compilation.


11. There are no questions of a sensitive nature.


12. Estimate of Information Collection Burden


a. Number of Respondents: 3,000

b. Frequency of Response: On occasion

c. Annual Burden Hours: 1,500 Burden Hours

d. Estimated Completion Time: 30 (We arrived at this estimate by initiating a trial with a VA staff member unfamiliar with the form.

e. According to the U.S. Bureau of Labor Statistics Average Hourly Earnings, the cost to the respondent is $24, making the total cost to the respondents an estimated $36,000.00. (1,500 burdem hours X $24 per hour).


13. This submission does not involve any record keeping costs.


14. Cost to Government:


$2,697.00 Estimated mailing cost (3,000 X 2 minutes per

form X $15.51/hour (average salary for station

mail personnel) plus 3,000 form letters X 38.2 cents

each (presort discount)).


$1,398.00 Estimated cost for collections (3,000 X 2 minutes

per form X $13.98/hour (average salary of station

collections personnel)).


$4,958.00 Estimated cost for processing (3,000 form letters X

5 minutes per form X $19.83/hour (Average

salary for reviewers)).


$90.00 Estimated printing costs (3,000 X $30/1,000

forms).


$9,143.00 Total cost to the Government.


15. There have not been any program changes or adjustments. The expiration date is being added to the form.


16. The information is collected for insurance purposes only and there are no plans for publication.


17. We are not seeking approval to omit the expiration date for OMB approval.


18. This submission does not contain any exceptions to the certification statement.


B. Collection of Information Employing Statistical Methods


This collection of information does not employ statistical methods.

File Typeapplication/msword
File TitleSUPPORTING STATEMENT
AuthorVeterans Benefits Administrat
Last Modified ByBolyard, Dottie, VBAVACO
File Modified2014-03-24
File Created2014-03-24

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