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

ICR 202004-1212-003

OMB: 1212-0044

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-04-27
IC Document Collections
ICR Details
1212-0044 202004-1212-003
Active 201706-1212-005
PBGC
Reduction or Waiver of Complete Withdrawal Liability (29 CFR Part 4207)
Revision of a currently approved collection   No
Regular
Approved without change 06/09/2020
Retrieve Notice of Action (NOA) 04/28/2020
  Inventory as of this Action Requested Previously Approved
06/30/2023 36 Months From Approved 08/31/2020
2 0 2
1 0 1
450 0 400

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

  85 FR 7803 02/11/2020
85 FR 23542 04/28/2020
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 2 0 0 0 0
Annual Time Burden (Hours) 1 1 0 0 0 0
Annual Cost Burden (Dollars) 450 400 0 0 50 0
No
No

$0
No
    No
    No
No
No
No
No
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.
04/28/2020


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