Notice, Collection, and Redetermination of Withdrawal Liability (29 CFR Part 4219)

ICR 201706-1212-008

OMB: 1212-0034

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-06-13
IC Document Collections
ICR Details
1212-0034 201706-1212-008
Historical Active 201402-1212-005
PBGC
Notice, Collection, and Redetermination of Withdrawal Liability (29 CFR Part 4219)
Extension without change of a currently approved collection   No
Regular
Approved without change 08/24/2017
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
806 0 806
45 0 18
132,000 0 13,106

In mass withdrawals, ERISA Sec. 4219(c)(1)(D) requires multiemployer plan sponsors to redetermine withdrawal liability and fully allocate unfunded vested benefits. In substantially all employers withdraw, Sec. 4209(c) requires collection of de minimis amounts. This regulation explains how to redetermine and allocate liabilities and requires notices to PBGC of mass withdrawal or if substantially all employers withdraw and of the required determinations.

US Code: 29 USC 1399 Name of Law: ERISA
   US Code: 29 USC 1389 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
Notice, Collection, and Redetermination of Withdrawal Liability (29 CFR Part 4219)

  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 806 806 0 0 0 0
Annual Time Burden (Hours) 45 18 0 0 27 0
Annual Cost Burden (Dollars) 132,000 13,106 0 0 118,894 0
No
No
The hour burden increased from 18 hours to 45 hours and the cost burden increased from $13,106 to $132,000 due to a change in the 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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