Survey of Nonparticipating Single-Premium Group Annuity Rates

ICR 202106-1212-003

OMB: 1212-0030

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1212-0030 202106-1212-003
Received in OIRA 201805-1212-001
PBGC
Survey of Nonparticipating Single-Premium Group Annuity Rates
Revision of a currently approved collection   No
Regular 06/15/2021
  Requested Previously Approved
36 Months From Approved 08/31/2021
24 24
12 12
0 0

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

  86 FR 17217 04/01/2021
86 FR 31539 06/14/2021
No

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

  Total Request 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 0 0 0 0 0
No
No

$0
Yes Part B of Supporting Statement
    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.
06/15/2021


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