Mergers and Transfer Between Multiemployer Plans (29 CFR Part 4231)

Forms and Documents

Document Name	Status
multi0022supportingstatement-1292014 cbk dsl.doc Supporting Statement A	2014-01-29

IC Document Collections

IC ID	Document Title	Status
13536	Mergers and Transfer Between Multiemployer Plans (29 CFR Part 4231)	Modified

ICR Details

OMB Control No: 1212-0022	ICR Reference No: 201401-1212-001
Status: Historical Inactive	Previous ICR Reference No: 201101-1212-013
Agency/Subagency: PBGC	Agency Tracking No: 1212-0022
Title: Mergers and Transfer Between Multiemployer Plans (29 CFR Part 4231)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 03/18/2014
	Date Received in OIRA: 01/29/2014
Terms of Clearance: Comment Filed

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	36 Months From Approved	06/30/2014
Responses	20	0	20
Time Burden (Hours)	5	0	5
Cost Burden (Dollars)	6,700	0	6,700

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Abstract: 29 USC Sec. 1411 and 29 CFR part 4231 prescribe requirements for multiemployer pension plan mergers and transfers, including notification of PBGC by plan sponsors; sponsors may also request PBGC determinations that the requirements were met. PBGC uses information submitted to determine whether the requirements were met.

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Authorizing Statute(s): US Code: 29 USC 1411 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:
1212-AB13	Proposed rulemaking	79 FR 4642	01/29/2014

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Federal Register Notices & Comments

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
Mergers and Transfer Between Multiemployer Plans (29 CFR Part 4231)

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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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The reduction in burden is largely due to the proposal to reduce the required notice period for most transactions subject to this information collection.

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Annual Cost to Federal Government: $38,039

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? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 01/29/2014

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