Reduction or Waiver of Complete Withdrawal Liability (29 CFR Part 4207)

ICR 201402-1212-008

OMB: 1212-0044

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2014-06-11
IC Document Collections
ICR Details
1212-0044 201402-1212-008
Historical Active 201101-1212-007
PBGC
Reduction or Waiver of Complete Withdrawal Liability (29 CFR Part 4207)
Extension without change of a currently approved collection   No
Regular
Approved with change 06/13/2014
Retrieve Notice of Action (NOA) 03/28/2014
  Inventory as of this Action Requested Previously Approved
06/30/2017 36 Months From Approved 06/30/2014
201 0 201
25 0 25
8,233 0 34,999

An employer that contributes to a multiemployer pension plan may apply to the plan for abatement of previously incurred complete withdrawal liability; the plan must then notify the employer whether its liability is abated. A plan must apply for PBGC approval if it adopts special rules on abatement of complete withdrawal liability. Plans use information from employers to determine whether abatement requirements are met. PBGC uses information from plans to determine whether special abatement rules meet the standards for approval.

US Code: 29 USC 1387 Name of Law: ERISA
  
None

Not associated with rulemaking

  78 FR 72128 12/02/2013
79 FR 15361 03/19/2014
No

1
IC Title Form No. Form Name
Reduction or Waiver of Complete Withdrawal Liability (29 CFR Part 4207)

  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 201 201 0 0 0 0
Annual Time Burden (Hours) 25 25 0 0 0 0
Annual Cost Burden (Dollars) 8,233 34,999 0 0 -26,766 0
No
No

$558
No
No
No
No
No
Uncollected
Donald McCabe 202-326-4223 ext. 3872 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
03/28/2014


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