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

ICR 201706-1212-005

OMB: 1212-0044

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-06-13
IC Document Collections
ICR Details
1212-0044 201706-1212-005
Historical Active 201402-1212-008
PBGC
Reduction or Waiver of Complete Withdrawal Liability (29 CFR Part 4207)
Extension without change of a currently approved collection   No
Regular
Approved without change 08/30/2017
Retrieve Notice of Action (NOA) 06/21/2017
  Inventory as of this Action Requested Previously Approved
08/31/2020 36 Months From Approved 08/31/2017
2 0 201
1 0 25
400 0 8,233

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

  82 FR 16863 04/06/2017
82 FR 28364 06/21/2017
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 2 201 0 0 -199 0
Annual Time Burden (Hours) 1 25 0 0 -24 0
Annual Cost Burden (Dollars) 400 8,233 0 0 -7,833 0
No
No
The hour burden has decreased from 25.50 hours to 0.50 hours. the cost burden has decreased from $8,233 to $400. The decrease in hour and cost burden is due to a decrease in the number of estimated respondents and a change in methodology for estimating the cost and hour burden.

$0
No
    No
    No
No
No
No
Uncollected
Hilary Duke 202 326-4000 ext. 3839 [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.
06/21/2017


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