[Federal Register Volume 62, Number 35 (Friday, February 21, 1997)]
[Notices]
[Page 8057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4344]



[[Page 8057]]

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PENSION BENEFIT GUARANTY CORPORATION


Request for Comment on Proposed Collection of Information Under 
the Paperwork Reduction Act; 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 approve 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.

ADDRESSES: All written comments should be addressed to: Office of 
General Counsel, Pension Benefit Guaranty Corporation, Suite 340, 1200 
K St. NW., Washington, D. C. 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, 
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 the 
above address.

FOR FURTHER INFORMATION CONTACT: Marc L. Jordan, Attorney, Office of 
the General Counsel, Suite 340, 1200 K Street, NW., Washington, DC 
20005, 202-326-4026 (202-326-4179 for TTY and TDD). (These are not 
toll-free numbers.) A copy of the proposed collection can be obtained, 
without charge, by writing to the PBGC at the above address.

SUPPLEMENTARY INFORMATION: The PBGC intends to request OMB 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. 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 PBGC estimates that it will request that 62,720 individuals 
submit applications for benefits and that the associated burden is 
30,360 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). Thus, the total estimated burden associated with this 
collection of information is 36,610 hours.
    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, D.C., this 18th day of February, 1997.
Martin Slate,
Executive Director, Pension Benefit Guaranty Corporation.
[FR Doc. 97-4344 Filed 2-20-97; 8:45 am]
BILLING CODE 7708-01-P