Proposed Extension of Information Collection; Comment Request Disclosures by Insurers to General Account Policyholders, 70676-70677 [E8-27635]

Download as PDF 70676 Federal Register / Vol. 73, No. 226 / Friday, November 21, 2008 / Notices This information collection is necessary to determine the statutory eligibility of individual aliens who have been determined to be removable from the United States for cancellation of their removal, as well as to provide information relevant to a favorable exercise of discretion. (5) An estimate of the total number of respondents and the amount of time estimated for an average respondent to respond/reply: It is estimated that 11,000 respondents will complete the form annually with an average of 5 hours, 50 minutes per response. (6) An estimate of the total public burden (in hours) associated with the collection: There are an estimated 64,130 total annual burden hours associated with this collection annually. If additional information is required, contact Lynn Bryant, Department Clearance Officer, United States Department of Justice, Justice Management Division, Policy and Planning Staff, Patrick Henry Building, Suite 1600, 601 D Street, NW., Washington, DC 20530. Dated: November 14, 2008. Lynn Bryant, Department Clearance Officer, PRA, United States Department of Justice. [FR Doc. E8–27644 Filed 11–20–08; 8:45 am] BILLING CODE 4410–30–P DEPARTMENT OF LABOR Employee Benefits Security Administration Proposed Extension of Information Collection; Comment Request Disclosures by Insurers to General Account Policyholders dwashington3 on PRODPC61 with NOTICES ACTION: Notice. SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)), the Department of Labor (the Department) 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. This program helps to ensure that the data the Department gathers can be provided in the desired format, that the reporting burden on the public (time and financial resources) is minimized, that the public understands the Department’s collection instruments, and that the Department can accurately assess the impact of collection requirements on respondents. By this notice, the Department is soliciting comments concerning the VerDate Aug<31>2005 14:24 Nov 20, 2008 Jkt 217001 information collection provisions of the regulation pertaining to section 401(c) of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The statute and the regulatory provisions codified at 29 CFR 2550.401c–1 require insurers that issue certain types of insurance policies to employee benefit plans to make specific one-time and annual disclosures to such plans if assets of the plan are held in the insurer’s general account. 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 January 20, 2009. ADDRESSES: Interested parties are invited to submit written comments regarding the information collection request and burden estimates to: G. Christopher Cosby, Office of Policy and Research, U.S. Department of Labor, Employee Benefits Security Administration, 200 Constitution Avenue, NW., Room N–5718, Washington, DC 20210. Telephone: (202) 693–8410; Fax: (202) 219–4745. These are not toll-free numbers. Comments may also be submitted electronically to the following Internet e-mail address: ebsa.opr@dol.gov. SUPPLEMENTARY INFORMATION: I. Background Section 1460 of the Small Business Job Protection Act of 1996 (Pub. L. 104– 188) amended ERISA by adding Section 401(c), which clarified the extent to which assets of an insurer’s general account constitute assets of an employee benefit plan when that insurer has issued policies for the benefit of the plan and such policies are supported by assets of the general account. Section 401(c) established certain requirements and disclosures for insurance companies that offer and maintain policies for employee benefit plans where the plans’ assets are held in the insurer’s general account. Section 401(c) also required the Secretary to provide guidance on the statutory requirements; such guidance was issued as a final rulemaking on January 5, 2000 (65 CFR 614). The regulation includes information collection provisions pertaining to one-time and annual disclosure obligations of insurers. The information collection provisions in the final rulemaking were submitted for review by the Office of Management and Budget (OMB) in an information collection request (ICR) in connection with promulgation of the final rulemaking and were approved by OMB PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 under OMB Control No. 1210–0114. The ICR approval is scheduled to expire on March 31, 2009. II. Desired Focus of Comments The Department is particularly interested in comments that: • Evaluate whether the collections of information are necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; • Enhance the quality, utility, and clarity of the information to be collected; and • Evaluate the accuracy of the agency’s estimate of the burden of the collections of information, including the validity of the methodology and assumptions used; • 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 The Employee Benefits Security Administration (EBSA) is requesting an extension of the currently approved ICR for the Disclosures by Insurers to General Account Policyholders. EBSA is not proposing or implementing changes to the regulation or to the existing ICR. A summary of the ICR and the current burden estimates follows: Type of Review: Extension of a currently approved collection of information. Agency: Employee Benefits Security Administration, Department of Labor. Title: Disclosures by Insurers to General Account Policyholders. OMB Number: 1210–0114. Affected Public: Individuals or households; Business or other for-profit; Not-for-profit institutions. Respondents: 104. Frequency of Response: One-time; Annual. Responses: 123,500. Estimated Total Burden Hours: 466,667. Estimated Total Burden Cost (Operating and Maintenance): 46,000. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval of the information collection request. They will also become a matter of public record. E:\FR\FM\21NON1.SGM 21NON1 Federal Register / Vol. 73, No. 226 / Friday, November 21, 2008 / Notices Dated: November 12, 2008. Joseph S. Piacentini, Director, Office of Policy and Research, Employee Benefits Security Administration. [FR Doc. E8–27635 Filed 11–20–08; 8:45 am] 70677 numbers. Comments may also be submitted electronically to the following Internet e-mail address: ebsa.opr@dol.gov. technological collection techniques or other forms of information technology, e.g., by permitting electronic submission of responses. SUPPLEMENTARY INFORMATION: III. Current Action I. Background This notice requests comments on an extension of the information collections in ERISA Technical Release 91–1. EBSA is not proposing or implementing changes to the existing ICR at this time. A summary of the ICR and the current burden estimates follows: Type of Review: Extension of a currently approved collection of information. Agency: Employee Benefits Security Administration, Department of Labor. Titles: ERISA Technical Release 91–1. OMB Number: 1210–0084. Affected Public: Individuals or households; Business or other for-profit; Not-for-profit institutions. Respondents: 21. Frequency of Response: One time. Responses: 135,450. Estimated Total Burden Hours: 3,386. Estimated Total Burden Cost (Operating and Maintenance): $26,413. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval of the information collection request and will also become a matter of public record. BILLING CODE 4510–29–P DEPARTMENT OF LABOR Employee Benefits Security Administration Proposed Extension of Information Collection; Comment Request; ERISA Technical Release 91–1 dwashington3 on PRODPC61 with NOTICES ACTION: Notice. SUMMARY: The Department of Labor (the Department), 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 program helps to ensure that the data the Department gathers can be provided in the desired format, that the reporting burden on the public (time and financial resources) is minimized, that the public understands the Department’s collection instruments, and that the Department can accurately assess the impact of collection requirements on respondents. Currently, the Employee Benefits Security Administration (EBSA) is soliciting comments concerning an extension of the information collections in ERISA Technical Release 91–1, issued in 1991. Technical Release 91–1 provides guidance on permitted transfers of excess assets from a defined benefit pension plan to a retiree health benefits account under provisions of the Internal Revenue Code (the Code) and the Employee Retirement Income Security Act of 1974 (ERISA). A copy of the information collection request (ICR) may be obtained by contacting the office listed in the ADDRESSES section of this notice. DATES: Written comments must be submitted on or before January 20, 2009. ADDRESSES: Direct all written comments regarding the information collection request and burden estimates to G. Christopher Cosby, Office of Policy and Research, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, NW., Room N–5718, Washington, DC 20210. Telephone: (202) 693–8410; Fax: (202) 693 219–5333. These are not toll-free VerDate Aug<31>2005 14:24 Nov 20, 2008 Jkt 217001 ERISA section 101(e) sets forth certain notice requirements that must be satisfied before an employer may transfer excess assets from a defined benefit plan to a retiree health benefits account, as otherwise permissible after satisfying the conditions set forth in section 420 of the Code. Section 101(e)(1) establishes the plan administrator’s obligation to provide advance written notification of such transfers to participants and beneficiaries. Section 101(e)(2)(A) separately establishes the employer’s obligation to provide advance written notification of such transfers to the Secretaries of Labor and Treasury, the plan administrator, and each employee organization representing participants in the plan. The requirements relating to advance notification of transfers to retiree health benefit accounts were added to ERISA as part of the Omnibus Budget Reconciliation Act of 1990 (Pub. L. 101–508). ERISA Technical Release 91–1 provides guidance on the type of information to be provided in the notices to both the participants and beneficiaries and to the Secretaries. EBSA submitted the information collection provisions in the Technical Release to the Office of Management and Budget (OMB) for review in connection with issuance of the Technical Release. OMB approved the ICR under OMB Control No. 1210–0084. The ICR approval is scheduled to expire on March 31, 2009. II. Desired Focus of Comments The Department is particularly interested in comments that: • 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; • Enhance the quality, utility, and clarity of the information to be collected; and • 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; • 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 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 Dated: November 12, 2008. Joseph S. Piacentini, Director, Office of Policy and Research, Employee Benefits Security Administration. [FR Doc. E8–27636 Filed 11–20–08; 8:45 am] BILLING CODE 4510–29–P DEPARTMENT OF LABOR Employee Benefits Security Administration Proposed Extension of Information Collection Request; Submitted for Public Comment; Multiemployer Plan Annual Funding Notice ACTION: Notice. SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA 95) (44 U.S.C. 3506(c)(2)(A)), the Department of Labor (the Department) conducts a preclearance consultation program so that the general public and other federal agencies can comment on proposed and continuing collections of information. This program helps to ensure that the data the Department gathers arrive in the desired format, that the reporting burden on the public (time and financial resources) is minimized, that the public understands the E:\FR\FM\21NON1.SGM 21NON1

Agencies

[Federal Register Volume 73, Number 226 (Friday, November 21, 2008)]
[Notices]
[Pages 70676-70677]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-27635]


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DEPARTMENT OF LABOR

Employee Benefits Security Administration


Proposed Extension of Information Collection; Comment Request 
Disclosures by Insurers to General Account Policyholders

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (PRA 
95) (44 U.S.C. 3506(c)(2)(A)), the Department of Labor (the Department) 
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. This program helps to ensure 
that the data the Department gathers can be provided in the desired 
format, that the reporting burden on the public (time and financial 
resources) is minimized, that the public understands the Department's 
collection instruments, and that the Department can accurately assess 
the impact of collection requirements on respondents.
    By this notice, the Department is soliciting comments concerning 
the information collection provisions of the regulation pertaining to 
section 401(c) of the Employee Retirement Income Security Act of 1974, 
as amended (ERISA). The statute and the regulatory provisions codified 
at 29 CFR 2550.401c-1 require insurers that issue certain types of 
insurance policies to employee benefit plans to make specific one-time 
and annual disclosures to such plans if assets of the plan are held in 
the insurer's general account. 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 January 20, 2009.

ADDRESSES: Interested parties are invited to submit written comments 
regarding the information collection request and burden estimates to: 
G. Christopher Cosby, Office of Policy and Research, U.S. Department of 
Labor, Employee Benefits Security Administration, 200 Constitution 
Avenue, NW., Room N-5718, Washington, DC 20210. Telephone: (202) 693-
8410; Fax: (202) 219-4745. These are not toll-free numbers. Comments 
may also be submitted electronically to the following Internet e-mail 
address: ebsa.opr@dol.gov.

SUPPLEMENTARY INFORMATION:

I. Background

    Section 1460 of the Small Business Job Protection Act of 1996 (Pub. 
L. 104-188) amended ERISA by adding Section 401(c), which clarified the 
extent to which assets of an insurer's general account constitute 
assets of an employee benefit plan when that insurer has issued 
policies for the benefit of the plan and such policies are supported by 
assets of the general account. Section 401(c) established certain 
requirements and disclosures for insurance companies that offer and 
maintain policies for employee benefit plans where the plans' assets 
are held in the insurer's general account. Section 401(c) also required 
the Secretary to provide guidance on the statutory requirements; such 
guidance was issued as a final rulemaking on January 5, 2000 (65 CFR 
614). The regulation includes information collection provisions 
pertaining to one-time and annual disclosure obligations of insurers. 
The information collection provisions in the final rulemaking were 
submitted for review by the Office of Management and Budget (OMB) in an 
information collection request (ICR) in connection with promulgation of 
the final rulemaking and were approved by OMB under OMB Control No. 
1210-0114. The ICR approval is scheduled to expire on March 31, 2009.

II. Desired Focus of Comments

    The Department is particularly interested in comments that:
     Evaluate whether the collections of information are 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Evaluate the accuracy of the agency's estimate of the 
burden of the collections of information, including the validity of the 
methodology and assumptions used;
     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

    The Employee Benefits Security Administration (EBSA) is requesting 
an extension of the currently approved ICR for the Disclosures by 
Insurers to General Account Policyholders. EBSA is not proposing or 
implementing changes to the regulation or to the existing ICR. A 
summary of the ICR and the current burden estimates follows:
    Type of Review: Extension of a currently approved collection of 
information.
    Agency: Employee Benefits Security Administration, Department of 
Labor.
    Title: Disclosures by Insurers to General Account Policyholders.
    OMB Number: 1210-0114.
    Affected Public: Individuals or households; Business or other for-
profit; Not-for-profit institutions.
    Respondents: 104.
    Frequency of Response: One-time; Annual.
    Responses: 123,500.
    Estimated Total Burden Hours: 466,667.
    Estimated Total Burden Cost (Operating and Maintenance): 46,000.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of the information 
collection request. They will also become a matter of public record.


[[Page 70677]]


    Dated: November 12, 2008.
Joseph S. Piacentini,
Director, Office of Policy and Research, Employee Benefits Security 
Administration.
 [FR Doc. E8-27635 Filed 11-20-08; 8:45 am]
BILLING CODE 4510-29-P