View RCF  - Agency Submission

202105-1212-001CF
Received in OIRA 06/30/2022
PBGC
1530-0069 201904-1530-009
ACH Vendor/Miscellaneous Payment Enrollment Form
RCF New
Multiemployer plans that are eligible for special financial assistance under section 4262 of ERISA or multiemployer insurance program financial assistance under section 4261 of ERISA will complete this form to provide PBGC with the information necessary for electronic transfer of funds.
US Code: 29 USC 1361 Name of Law: Amounts payable by corporation
PL: Pub.L. 117 - 2 9704 Name of Law: Special Financial Assistance Program for Financially Troubled Multiemployer Plans
 $0
Melissa Rifkin 202 326-4400 [email protected]

IC Title Status Responses Hours Dollars Document Type Form No. Form Name
ACH Vendor/Miscellaneous Pyment Enrollment Form 68 17 0 Form and Instruction SF 3881 ACH Vendor/Miscellaneous Payment Enrollment Form

  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 68 0 0 68 0 0
Annual Time Burden (Hours) 17 0 0 17 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Yes
Changing Regulations
No
Under section 9704 of PL 117-2, enacted on March 11, 2021, which added section 4262 of ERISA, PBGC is required to administer the special financial assistance program. In addition, under section 4261 of ERISA, PBGC is required to administer the multiemployer financial assistance program. Under both of these programs, PBGC will use form SF 3881 to obtain information necessary to effectuate an electronic of funds to multiemployer plans.