Federal Register / Vol. 66, No. 12 / Thursday, January 18, 2001 / Notices 4865

included in the request for OMB

approval of the information collection

request; they will also become a matter

of public record.

Dated: January 11, 2001.

Gerald B. Lindrew,

Deputy Director, Office of Policy and

Research, Pension and Welfare Benefits

Administration.

[FR Doc. 01–1448 Filed 1–17–01; 8:45 am]

BILLING CODE 4510–29–M

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

Proposed Extension of Information

Collection; Comment Request;

Prohibited Transaction Exemption 92–

6

ACTION: Notice.

SUMMARY: The Department of Labor, as

part of its continuing effort to reduce

paperwork and respondent burden,

conducts a preclearance consultation

program to provide the general public

and Federal agencies with an

opportunity to comment on proposed

and continuing collections of

information in accordance with the

Paperwork Reduction Act of 1995 (PRA

95) (44 U.S.C. 3506(c)(2)(A)). This helps

to ensure that requested data can be

provided in the desired format,

reporting burden (time and financial

resources) is minimized, collection

instruments are clearly understood, and

the impact of collection requirements on

respondents can be properly assessed.

Currently, the Pension and Welfare

Benefits Administration is soliciting

comments concerning the information

collection request (ICR) incorporated in

Prohibited Transaction Class Exemption

92–6 (PTCE 92–6), pertaining to the sale

of individual life insurance or annuity

contracts by a plan. A copy of the ICR

may be obtained by contacting the office

listed in the addresses section of this

notice.

DATES: Written comments must be

submitted to the office shown in the

ADDRESSES section below on or before

March 19, 2001.

ADDRESSES: Gerald B. Lindrew, Office of

Policy and Research, U.S. Department of

Labor, Pension and Welfare Benefits

Administration, 200 Constitution

Avenue, NW., Room N–5647,

Washington, DC 20210. Telephone:

(202) 219–4782; Fax: (202) 219–4745.

These are not toll-free numbers.

SUPPLEMENTARY INFORMATION:

I. Background

Prohibited Transaction Class

Exemption 92–6 exempts from the

prohibited transaction restrictions of the

Employee Retirement Security Act of

1974 (ERISA) the sale of individual life

insurance or annuity contracts by a plan

to participants, relatives of participants,

employers any of whose employees are

covered by the plan, other employee

benefit plans, owner-employees or

shareholder-employees. In the absence

of this exemption, certain aspects of

these transactions might be prohibited

by section 406 of ERISA.

Recordkeeping requirements

incorporated within the class exemption

are intended to protect the interests of

plan participants and beneficiaries. The

disclosure requirements protect plan

participants by putting them on notice

of the plan’s intention to sell insurance

or annuity contracts under which they

are insured, and by giving the

participants the right of first refusal to

purchase such contracts.

II. Desired Focus of Comments

The Department is particularly

interested in comments which:

• 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;

• 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;

• 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 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.

III. Current Action

This notice requests comments on the

extension of the ICR included in PTCE

92–6. The Department is not proposing

or implementing changes to the existing

ICR at this time.

Type of Review: Extension of

currently approved collection of

information.

Agency: Pension and Welfare Benefits

Administration.

Title: Prohibited Transaction Class

Exemption 92–6.

OMB Number: 1210–0063.

Affected Public: Individuals or

households; business or other for-profit;

not-for-profit institutions

Respondents: 76,560.

Frequency of Response: On occasion.

Responses: 7,656.

Estimated Total Burden Hours: 1,276.

Estimated Burden Cost (Operating

and Maintenance): $2,833.

Comments submitted in response to

this notice will summarized and/or

included in the request for OMB

approval of the information collection

request; they will also become a matter

of public record.

Dated: January 11, 2001.

Gerald B. Lindrew,

Deputy Director, Office of Policy and

Research, Pension and Welfare Benefits

Administration.

[FR Doc. 01–1449 Filed 1–17–01; 8:45 am]

BILLING CODE 4510–29–M

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

Proposed Extension of Information

Collection; Comment Request;

Regulation Regarding Participant

Directed Individual Account Plans

Under ERISA 404(c)

ACTION: Notice.

SUMMARY: The Department of Labor, as

part of its continuing effort to reduce

paperwork and respondent burden,

conducts a preclearance consultation

program to provide the general public

and Federal agencies with an

opportunity to comment on proposed

and continuing collections of

information in accordance with the

Paperwork Reduction Act of 1995 (PRA

95) (44 U.S.C. 3506(c)(2)(A)). This helps

to ensure that requested data can be

provided in the desired format,

reporting burden (time and financial

resources) is minimized, collection

instruments are clearly understood, and

the impact of collection requirements on

respondents can be properly assessed.

Currently, the Pension and Welfare

Benefits Administration is soliciting

comments concerning the extension of

the information collection request (ICR)

incorporated in a regulation pertaining

to participant directed individual

account plans under section 404(c) of

the Employee Retirement Income

Security Act of 1974 (ERISA). A copy of

the ICR may be obtained by contacting

the office listed in the addresses section

of this notice.

DATES: Written comments must be

submitted to the office shown in the