[Federal Register: June 2, 1999 (Volume 64, Number 105)]
[Notices]               
[Page 29722]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02jn99-98]

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PENSION BENEFIT GUARANTY CORPORATION

 
Proposed Submission of Information Collection for OMB Review 
Under the Paperwork Reduction Act; Comment Request; Locating and Paying 
Participants

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intention to request OMB approval.

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SUMMARY: The Pension Benefit Guaranty Corporation intends to request 
that the Office of Management and Budget extend its approval of a 
collection of information under the Paperwork Reduction Act, with 
revisions. The information collection is used by the PBGC to pay 
benefits to participants and beneficiaries in plans covered by the PBGC 
insurance program. The revisions are to PBGC forms and instructions 
related to benefit payments.

ADDRESSES: All written comments should be addressed to: Office of the 
General Counsel, Pension Benefit Guaranty Corporation, Suite 340, 1200 
K St., NW., Washington, DC 20005. The comments will be available for 
public inspection at the PBGC Communications and Public Affairs 
Department, Suite 240, 1200 K Street, NW., Washington, DC 20005-4026, 
between the hours of 9 a.m. and 4 p.m. A copy of the proposed 
collection can be obtained, without charge, by writing to the PBGC at 
the above address.

DATES: Comments should be received by August 3, 1999.

FOR FURTHER INFORMATION CONTACT: Marc L. Jordan, Attorney, Office of 
the General Counsel, Suite 340, 1200 K Street, NW., Washington, DC 
20005, 202-326-4024. (For TTY/TDD users, call the Federal relay service 
toll-free at 1-800-877-8339 and ask to be connected to 202-326-4024.

SUPPLEMENTARY INFORMATION: An agency may not conduct or sponsor, and a 
person is not required to respond to, a collection of information 
unless it displays a currently valid OMB control number.
    The PBGC intends to request that OMB extend its approval of a 
collection of information needed to pay participants and beneficiaries 
who may be entitled to pension benefits under a defined benefit plan 
that has terminated (OMB Control No. 1212-0055; expires June 30, 2000). 
The collection consists of information participants and beneficiaries 
are asked to provide in connection with an application for benefits. In 
addition, in some instances, as part of a search for participants and 
beneficiaries who may be entitled to benefits, the PBGC requests 
individuals to provide identifying information as part of an initial 
contact with the PBGC. All requested information is needed to enable 
the PBGC to determine benefit entitlements and to make appropriate 
payments.
    The PBGC intends to request that OMB approve revisions to the forms 
and instructions. The revisions simplify language and incorporate 
regulatory changes. The PBGC does not anticipate a change in burden 
hours currently approved as a result of these revisions.
    The PBGC estimates that it will request that 71,250 individuals 
submit identifying applications for benefits and that the associated 
burden is 30,875 hours (an average of slightly less than 30 minutes per 
individual). The PBGC further estimates that 5,000 individuals will 
provide the PBGC with identifying information as part of an initial 
contact and that the associated burden is 1,250 hours (15 minutes per 
individual). The average annual postage cost is approximately $24,400. 
Thus, the total estimated burden associated with this collection of 
information is approximately 32,125 hours and $24,400.
    The PBGC solicits comments to:
    (i) Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
    (ii) Evaluate the accuracy of the agency's estimate of the burden 
of the proposed collection of information, including the validity of 
the methodology and assumptions used;
    (iii) Enhance the quality, utility, and clarity of the information 
to be collected; and
    (iv) Minimize the burden of the collection of information on those 
who are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., permitting electronic 
submission of responses.

    Issued at Washington, DC, this 26th day of May, 1999.
Stuart A. Sirkin,
Director, Corporate Policy and Research Department, Pension Benefit 
Guaranty Corporation.
[FR Doc. 99-13926 Filed 6-1-99; 8:45 am]
BILLING CODE 7708-01-M