84 FR 18094 - Submission of Information Collection for OMB Review; Comment Request; Annual Financial and Actuarial Information Reporting

The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of a collection of information contained in its regulation on Annual Financial and Actuarial Information Reporting. This notice informs the public of PBGC's request and solicits public comment on the collection.

[Federal Register Volume 84, Number 82 (Monday, April 29, 2019)]
[Notices]
[Pages 18094-18095]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2019-08492]


-----------------------------------------------------------------------

PENSION BENEFIT GUARANTY CORPORATION


Submission of Information Collection for OMB Review; Comment 
Request; Annual Financial and Actuarial Information Reporting

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of request for extension of OMB approval.

-----------------------------------------------------------------------

SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting 
that the Office of Management and Budget (OMB) extend approval, under 
the Paperwork Reduction Act, of a collection of information contained 
in its regulation on Annual Financial and Actuarial Information 
Reporting. This notice informs the public of PBGC's request and 
solicits public comment on the collection.

DATES: Comments must be submitted by May 29, 2019.

ADDRESSES: Comments should be sent to the Office of Information and 
Regulatory Affairs, Office of Management and Budget, Attention: Desk 
Officer for Pension Benefit Guaranty Corporation, via electronic mail 
at [email protected] or by fax to (202) 395-6974.
    A copy of the request will be posted on PBGC's website at https://www.pbgc.gov/prac/laws-and-regulations/information-collections-under-omb-review. It may also be obtained without charge by writing to the 
Disclosure Division of the Office of the General Counsel of PBGC, 1200 
K Street NW, Washington, DC 20005-4026; faxing a request to 202-326-
4042; or, calling 202-326-4040 during normal business hours (TTY users 
may call the Federal Relay Service toll-free at 800-877-8339 and ask to 
be connected to 202-326-4040). The Disclosure Division will email, fax, 
or mail the information to you, as you request.

FOR FURTHER INFORMATION CONTACT: Stephanie Cibinic, Deputy Assistant 
General Counsel, Regulatory Affairs Division, Office of the General 
Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW, 
Washington DC 20005-4026; 202-326-4400, extension 6352. (TTY users may 
call the Federal Relay Service toll-free at 800-877-8339 and ask to be 
connected to 202-326-4400, extension 6352.)

SUPPLEMENTARY INFORMATION: Section 4010 of the Employee Retirement 
Income Security Act of 1974 (ERISA) and PBGC's regulation on Annual 
Financial and Actuarial Information Reporting (29 CFR part 4010) 
require each member of a controlled group to submit financial and 
actuarial information to PBGC under certain circumstances. Section 4010 
specifies that each controlled group member must provide PBGC with 
certain financial information, including audited (if available) or (if 
not) unaudited financial statements. Section 4010 also specifies that 
the controlled group must provide PBGC with certain actuarial 
information necessary to determine the liabilities and assets for all 
PBGC-covered plans.
    PBGC's 4010 regulation specifies the items of identifying, 
financial, and actuarial information that filers must submit under 
section 4010, through PBGC's secure e-4010 web-based application. 
Computer-assisted analysis of this information helps PBGC to anticipate 
possible major demands on the pension insurance system and to focus 
PBGC resources on situations that pose the greatest risks to that 
system. Because other sources of information are usually not as current 
as the section 4010 information and do not reflect a plan's termination 
liability, the section 4010 filing plays a major role in PBGC's ability 
to protect participant and premium-payer interests.
    The existing collection of information was approved under OMB 
control number 1212-0049 (expires July 31, 2019). On February 19, 2019, 
PBGC published in the Federal Register (at 84 FR 4863) a notice 
informing the public of its intent to request an extension of this 
collection of information for

[[Page 18095]]

another three years. No comments were received. 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.
    PBGC estimates that 560 controlled groups will file each year. The 
total estimated annual burden of the information collection would be 
approximately 532 hours and $12,871,000.

    Issued in Washington, DC, by
Stephanie Cibinic,
Deputy Assistant General Counsel for Regulatory Affairs, Pension 
Benefit Guaranty Corporation.
[FR Doc. 2019-08492 Filed 4-26-19; 8:45 am]
 BILLING CODE 7709-02-P