PBGC's regulation on Rules for Administrative Review of Agency Decisions prescribes rules governing the issuance of initial determinations by PBGC and the procedures for requesting and obtaining administrative review of initial determinations. For those types of initial determinations subject to reconsiderations, the regulation prescribes rules on who may request reconsideration, when to make such a request, where to submit a request, the required contents of a request, and which PBGC department issues final decisions on a request.
The increase in the estimated annual hour and cost burden of this collection of information is attributable to an expected increase in the number of plans requesting reconsideration of penalty determinations for which the determinations were made because of a failure to timely file premiums statutorily required according to an accelerated premium due date beginning in 2025 and 2026, as required by the Bipartisan Budget Act of 2015.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.