Survey of Nonparticipating Single-Premium Group Annuity Rates

ICR 201503-1212-001

OMB: 1212-0030

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement B
2015-04-23
Supporting Statement A
2015-04-23
IC Document Collections
ICR Details
1212-0030 201503-1212-001
Historical Active 201202-1212-004
PBGC
Survey of Nonparticipating Single-Premium Group Annuity Rates
Extension without change of a currently approved collection   No
Regular
Approved without change 05/08/2015
Retrieve Notice of Action (NOA) 03/10/2015
  Inventory as of this Action Requested Previously Approved
05/31/2018 36 Months From Approved 05/31/2015
24 0 24
12 0 12
0 0 360

PBGC, through the American Council of Life Insurers, surveys insurance companies to find the prices they currently charge for group annuities. PBGC uses this information, with other market-rate data, to set interest rates for valuing benefits under terminating single-employer pension plans, and under multiemployer pension plans from which there has been a mass withdrawal of contributing employers. The information is needed to ensure that PBGC's rates reflect current market conditions.

US Code: 29 USC 1344 Name of Law: ERISA
   US Code: 29 USC 1441 Name of Law: ERISA
   US Code: 29 USC 1302(b) Name of Law: ERISA
  
None

Not associated with rulemaking

  79 FR 77053 12/23/2014
80 FR 12526 03/09/2015
No

1
IC Title Form No. Form Name
Survey of Nonparticipating Single-Premium Group Annuity Rates

  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 24 24 0 0 0 0
Annual Time Burden (Hours) 12 12 0 0 0 0
Annual Cost Burden (Dollars) 0 360 0 0 -360 0
No
No

$0
Yes Part B of Supporting Statement
No
No
No
No
Uncollected
Jo Amato Burns 202-326-4223 ext. 3072 [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.
03/10/2015


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