PBGC to Issue Multiemployer Plans Survey

May 3, 2013 (PLANSPONSOR.com) – The Pension Benefit Guaranty Corporation (PBGC) announced its intent to issue a survey of multiemployer plans.

According to the proposal published in the Federal Register, the agency intends to ask the Office of Management and Budget (OMB) to approve a voluntary collection of information to help the agency in modeling potential outcomes of pension plans insured under its multiemployer program. The PBGC is soliciting public comment about its proposal.  

The PBGC is soliciting public comments to: 

  • Evaluate whether the 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 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. 
Comments should be submitted by July 2.