Partitions of Eligible Multiemployer Plans; 29 CFR Part 4233

Forms and Documents

Document Name	Status
Supporting Statement 1212-0069.01.docx Supporting Statement A	2021-12-22
Partition FAQs - sample3.PNG Supplementary Document	2019-02-13
Partition FAQs - sample2.PNG Supplementary Document	2019-02-13
Partition FAQs - sample1.PNG Supplementary Document	2019-02-13

IC Document Collections

IC ID	Document Title	Status
216780	Partitions of Eligible Multiemployer Plans	Modified

ICR Details

OMB Control No: 1212-0068	ICR Reference No: 202112-1212-006
Status: Received in OIRA	Previous ICR Reference No: 201810-1212-004
Agency/Subagency: PBGC	Agency Tracking No:
Title: Partitions of Eligible Multiemployer Plans; 29 CFR Part 4233
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/27/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	02/28/2022
Responses	1	6
Time Burden (Hours)	13	78
Cost Burden (Dollars)	45,600	239,400

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Abstract: The information request is related to PBGC's regulation prescribing the application process and notice requirements for partitions of eligible multiemployer plans under title IV of the Employee Retirement Income Security Act of 1974, as amended by the Multiemployer Pension Reform Act of 2014

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Authorizing Statute(s): US Code: 29 USC 1413 Name of Law: Patitions of Eligible Multiemployer Plans
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 57706	10/18/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 73353	12/27/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Partitions of Eligible Multiemployer Plans

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ICR Summary of Burden

	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	1	6	0	-5	0	0
Annual Time Burden (Hours)	13	78	0	-65	0	0
Annual Cost Burden (Dollars)	45,600	239,400	0	-193,800	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: Due to the Special Financial Assistance Program enacted in the American Rescue Plan Act to assist underfunded multiemployer plans, PBGC has lowered its estimate of partition requests that it expects to receive annually from 6 to 1.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/27/2021

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