[Federal Register Volume 64, Number 188 (Wednesday, September 29, 1999)]
[Notices]
[Page 52558]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-25303]


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PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Locating and Paying Participants

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval (with 
modifications).

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SUMMARY: The Pension Benefit Guaranty Corporation is requesting that 
the Office of Management and Budget extend its approval (with 
modifications) of a collection of information under the Paperwork 
Reduction Act. The purpose of the information collection is to enable 
the PBGC to pay benefits to participants and beneficiaries in plans 
covered by the PBGC insurance program. This notice informs the public 
of the PBGC's request and solicits public comment on the collection of 
information.

DATES: Comments should be submitted by October 29, 1999.

ADDRESSES: Comments should be mailed to the Office of Information and 
Regulatory Affairs of the Office of Management and Budget, Attention: 
Desk Officer for Pension Benefit Guaranty Corporation, Washington, DC 
20503. Copies of the request for extension (including the collection of 
information) are available from the Communications and Public Affairs 
Department, suite 240, 1200 K Street, NW., Washington, DC 20005-4026, 
between 9 a.m. and 4 p.m. on business days.

FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Attorney, Office 
of the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street, NW., Washington, DC 20005-4026, 202-326-4024. (For TTY and TDD, 
call the Federal relay service toll-free at 1-800-877-8339 and request 
connection to 202-326-4024).

SUPPLEMENTARY INFORMATION: The PBGC is requesting that OMB extend its 
approval (with modifications) 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. 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 that the individual 
would provide 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 existing collection of information was approved under control 
number 1212-0055 (expires June 30, 2000). The PBGC has revised the 
existing forms to simplify language and incorporate regulatory changes.
    The PBGC estimates that 72,250 benefit application or information 
forms will be filed annually by individuals entitled to benefits from 
the PBGC and that the associated burden is 30,625 hours (an average of 
slightly less than 30 minutes per individual) and $23,512.50. The PBGC 
further estimates that 5,500 individuals annually will provide the PBGC 
with identifying information as part of an initial contact and that the 
associated burden is 1,500 hours (an average of about 15 minutes per 
individual) and $990. Thus, the total estimated annual burden 
associated with this collection of information is 32,125 hours and 
$24,502.50.

    Issued in Washington, D.C., this 23rd day of September, 1999.
Stuart A. Sirkin,
Director, Corporate Policy and Research Department, Pension Benefit 
Guaranty Corporation.
[FR Doc. 99-25303 Filed 9-28-99; 8:45 am]
BILLING CODE 7708-01-P