[Federal Register Volume 65, Number 81 (Wednesday, April 26, 2000)]
[Notices]
[Page 24510]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-10381]


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DEPARTMENT OF LABOR


Office of the Secretary; Submission for OMB Review; Comment 
Request

April 20, 2000.
    The Department of Labor (DOL) has submitted the following public 
information collection request (ICR) to the Office of Management and 
Budget (OMB) for review and approval in accordance with the Paperwork 
Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). A copy of 
the ICR, with applicable supporting documentation, may be obtained by 
calling the Department of Labor. To obtain documentation for BLS, ETA, 
PWBA, and OASAM contact Karin Kurz (202) 219-5096 ext. 159 or by E-mail 
to <a href="/cdn-cgi/l/email-protection#054e70777f284e64776c6b45616a692b626a73"><span class="__cf_email__" data-cfemail="bff4cacdc592f4decdd6d1ffdbd0d391d8d0c9">[email protected]</span></a>). To obtain documentation for ESA, MSHA, OSHA, 
and VETS contacting Darrin King (202) 219-5096 ext. 151 or by E-Mail to 
<a href="/cdn-cgi/l/email-protection#642f0d0a0349200516160d0a24000b084a030b12"><span class="__cf_email__" data-cfemail="9ed5f7f0f9b3daffececf7f0defaf1f2b0f9f1e8">[email protected]</span></a>).
    Comments should be sent to Office of Information and Regulatory 
Affairs, Attn: OMB Desk Officer for BLS, DM, ESA, ETA, MSHA, OSHA, 
PWBA, or VETS, Office of Management and Budget, Room 10235, Washington, 
DC 20503 (202) 395-7316, within 30 days from the date of this 
publication in the Federal Register.
    The OMB is particularly interested in comments which:
    <bullet> 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;
    <bullet> 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;
    <bullet> Enhance the quality, utility, and clarity of the 
information to be collected; and
    <bullet> 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.
    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration.
    Title: Prohibited Transaction Exemption 78-06, Apprenticeship 
Plans.
    OMB Number: 1210-0080.
    Affected Public: Business or other for-profit; Not-for-profit 
institutions; Individuals or households.
    Frequency: On Occasion.
    Number of Respondents: 255.
    Total Annual Responses: 1,275.
    Estimated time per respondent: 5 Minutes.
    Total burden hours: 106 Hours.
    Total Annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0.
    Description: Section 408(a) of the ERISA gives the Secretary of 
Labor the right to grant a conditional or unconditional exemption of 
any fiduciary or class of fiduciaries or transactions, from all or part 
of the restrictions imposed by section 406 of ERISA. Prohibited 
Transaction Class Exemption 78-6 applies only to welfare benefit plans. 
Class exemption 78-6, which was granted on May 24, 1978, exempts from 
the prohibited transactions restrictions transactions involving: (1) 
The purchase of personal property by a collectively bargained multiple 
employer-employee welfare benefit plan maintained for the purpose of 
providing apprenticeship training plans from an employer who 
contributes to such a plan, or a wholly owned subsidiary of such an 
employer; and (2) the leasing of real property or personal property by 
an apprenticeship plan from a contributing employer or wholly owned 
subsidiary of such an employer. By requiring that records pertaining to 
the exempted transaction are maintained for six years, this ICR insures 
that the exemption is not abused, the rights of the participants and 
beneficiaries are protected, and that compliance with the exemption's 
conditions is taking place.

    Type of Review: Extension of a currently approved collection.
    Agency: Pension and Welfare Benefits Administration.
    Title: Prohibited Transaction Exemption 91-38, Collective 
Investment Funds.
    OMB Number: 1210-0082.
    Affected Public: Business or other for-profit; Not-for-profit 
institutions; Individuals or households.
    Frequency: On Occasion.
    Number of Respondents: 1,000.
    Total Annual Responses: 1,000.
    Estimated time per respondent: 5 Minutes.
    Total burden hours: 83 Hours.
    Total Annualized capital/startup costs: $0.
    Total annual costs (operating/maintaining systems or purchasing 
services): $0.
    Description: Section 408(a) of the ERISA gives the Secretary of 
Labor the right to grant a conditional or unconditional exemption of 
any fiduciary or class of fiduciaries or transactions, from all or part 
of the restrictions imposed by section 406 of ERISA. Prohibited 
Transaction Class Exemption 91-38 provides and exemption from the 
prohibited transaction provisions of ERISA for certain transactions 
between collective investment fund and persons who are parties in 
interest with respect to a plan as long as the plan's participation in 
the collective investment fund does not exceed a specific percentage of 
the total assets in the collective investment fund. By requiring that 
records pertaining to the exempted transaction are maintained for six 
years, this ICR insures that the exemption is not abused, the rights of 
the participants and beneficiaries are protected, and that compliance 
with the exemption's conditions is taking place.

Ira L. Mills,
Departmental Clearance Officer.
[FR Doc. 00-10381 Filed 4-25-00; 8:45 am]
BILLING CODE 4510-29-M


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