Notice of Insolvency (29 CFR Part 4245)

ICR 202205-1212-006

OMB: 1212-0033

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2022-05-17
IC Document Collections
IC ID
Document
Title
Status
13555 Modified
ICR Details
1212-0033 202205-1212-006
Received in OIRA 201905-1212-005
PBGC
Notice of Insolvency (29 CFR Part 4245)
Revision of a currently approved collection   No
Regular 05/17/2022
  Requested Previously Approved
36 Months From Approved 06/30/2022
1,038 1,038
16 16
10,000 10,000

These notices, mandated by section 4245(e) of the Employee Retirement Income Security Act of 1974 and 29 CFR Part 2674, provide information PBGC needs to estimate cash requirements for financial assistance to troubled mutliemployer pension plans, and other interested parties need for financial planning or to bargain over contribution increases. Multiemployer plans that are or may become insolvent give these notices.

US Code: 29 USC 1441 Name of Law: ERISA
  
None

Not associated with rulemaking

  87 FR 13020 03/08/2022
87 FR 29889 05/17/2022
No

1
IC Title Form No. Form Name
Notice of Insolvency (29 CFR Part 4245) 002, 001, 003 Notice of Insolvency Benefit Level ,   Notice of Insolvency ,   Combined Notice of Insolvency and Notice of Insolvency Benefit Level

  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 1,038 1,038 0 0 0 0
Annual Time Burden (Hours) 16 16 0 0 0 0
Annual Cost Burden (Dollars) 10,000 10,000 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Karen Levin 202 326-4400 ext. 3559 [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.
05/17/2022


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