No
material or nonsubstantive change to a currently approved
collection
No
Regular
12/16/2021
Requested
Previously Approved
02/29/2024
02/29/2024
31,245
31,245
13,540
13,540
21,621,540
21,621,540
Administrators of PBGC-insured pension
plans file with PBGC premium information and premium payments
required under 29 USC 1307 and 29 CFR Part 4007, which also
requires retention and production of records necessary to support
premium filings. The information identifies payers and lets PBGC
verify premium computations and perform premium audits. It also
helps PBGC project premium income, improve financial projections,
estimate its exposure if plans terminate, track movement of
participants and assets, determine whether new plans are being
created, and update its insured-plan inventory. The retained
records facilitate audits.
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.