80 FR 64454 - Proposed Submission of Information Collection for OMB Review; Comment Request; Locating and Paying Participants

PENSION BENEFIT GUARANTY CORPORATION

Federal Register Volume 80, Issue 205 (October 23, 2015)

The Pension Benefit Guaranty Corporation (``PBGC'') intends to request that the Office of Management and Budget (``OMB'') approve modifications to 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. This notice informs the public of PBGC's intent and solicits public comment on the collection of information, as modified.

[Federal Register Volume 80, Number 205 (Friday, October 23, 2015)]
[Notices]
[Page 64454]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27083]


=======================================================================
-----------------------------------------------------------------------

PENSION BENEFIT GUARANTY CORPORATION


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

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice of intent to request OMB approval of modifications to 
information collection.

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

SUMMARY: The Pension Benefit Guaranty Corporation (``PBGC'') intends to 
request that the Office of Management and Budget (``OMB'') approve 
modifications to 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. This notice 
informs the public of PBGC's intent and solicits public comment on the 
collection of information, as modified.

DATES: Comments should be submitted by December 22, 2015.

ADDRESSES: Comments may be submitted by any of the following methods:
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
Web site instructions for submitting comments.
    Email: [email protected].
    Fax: 202-326-4224.
    Mail or Hand Delivery: Office of the General Counsel, Pension 
Benefit Guaranty Corporation, 1200 K Street NW., Washington, DC 20005-
4026.
    PBGC will make all comments available on its Web site at 
www.pbgc.gov.
    Copies of the collection of information may be obtained without 
charge by writing to the Disclosure Division of the Office of the 
General Counsel of PBGC at the above address or by visiting that office 
or calling 202-326-4040 during normal business hours. (TTY and TDD 
users may call the Federal relay service toll-free at 1-800-877-8339 
and ask to be connected to 202-326-4040.) The regulations relating to 
this collection of information are available on PBGC's Web site at 
www.pbgc.gov .

FOR FURTHER INFORMATION CONTACT: Jo Amato Burns, Attorney, Office of 
the General Counsel, Pension Benefit Guaranty Corporation, 1200 K 
Street NW., Washington, DC 20005-4026, 202-326-4400. (For TTY and TDD, 
call 800-877-8339 and ask to be connected to 202-326-4400.)

SUPPLEMENTARY INFORMATION: PBGC intends to request that OMB approve 
modifications to a collection of information needed to pay participants 
and beneficiaries who may be entitled to pension benefits under defined 
benefit plans that have 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 an effort to identify participants and 
beneficiaries who may be entitled to benefits, PBGC requests 
individuals to provide identifying information that the individual 
would provide as part of an initial contact with PBGC. All requested 
information is needed to enable PBGC to determine benefit entitlements 
and to make appropriate payments.
    The information collection includes My Pension Benefit Account (My 
PBA), an application on PBGC's Web site, http://www.pbgc.gov, through 
which plan participants and beneficiaries may conduct electronic 
transactions with PBGC, including applying for pension benefits, 
designating a beneficiary, granting a power of attorney, electing 
monthly payments, electing to withhold income tax from periodic 
payments, changing contact information, and applying for electronic 
direct deposit.
    PBGC is proposing to add a new form to the information collection: 
Form XXX, Benefit Inquiry Questionnaire. PBGC will send this form to 
individuals who contact PBGC to inquire whether PBGC is holding any 
benefits to which they are entitled. The questionnaire will request 
information that PBGC needs to determine whether the individual is owed 
benefits and, if so, the benefit amount.
    In addition, PBGC is making clarifying, simplifying, editorial, and 
other changes to other forms in the information collection.
    The existing collection of information under the regulation was 
approved under OMB control number 1212-0055 (expires December 31, 
2015). PBGC intends to request that OMB extend its approval (with 
modifications) for three years. 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 the total annual burden associated with this 
collection of information will be 73,000 hours and $1,900.
    PBGC is soliciting public comments to--
     Evaluate whether the collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the collection of information, including the validity of the 
methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including 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 in Washington, DC, this 20th day of October, 2015.
Judith Starr,
General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2015-27083 Filed 10-22-15; 8:45 am]
 BILLING CODE 7709-02-P