Federal Register: December 30, 2005 (Volume 70, Number 250)
DOCID: FR Doc E5-8140
RAILROAD RETIREMENT BOARD
Railroad Retirement Board
Proposed Collection; Comment Request
In accordance with the requirement of section 3506(c)(2)(A) of the Paperwork Reduction Act of 1995 which provides opportunity for public comment on new or revised data collections, the Railroad Retirement Board (RRB) will publish periodic summaries of proposed data collections.
Comments are invited on: (a) Whether the proposed information
collection is necessary for the proper performance of the functions of
the agency, including whether the information has practical utility;
(b) the accuracy of the RRB's estimate of the burden of the collection
of the information; (c) ways to enhance the quality, utility, and
clarity of the information to be collected; and (d) ways to minimize the burden related to the collection of information on
respondents, including the use of automated collection techniques or other forms of information technology.
Title and purpose of information collection:
Pension Plan Reports: OMB 32200089.
Under section 2(b) of the Railroad Retirement Act (RRA), the Railroad Retirement Board (RRB) pays supplemental annuities to qualified RRB employee annuitants. A supplemental annuity, which is computed according to section 3(e) of the RRA, can be paid at age 60 if the employee has at least 30 years of creditable railroad service or at age 65 if the employee has 2529 years of railroad service. In addition to 25 years of service, a ``current connection'' with the railroad industry is required. Eligibility is further limited to employees who had at least one month of rail service before October 1981 and were awarded regular annuities after June 1966. Further, if an employee's 65th birthday was prior to September 2, 1981, he or she must not have worked in rail service after certain closing dates (generally the last day of the month following the month in which age 65 is attained). Under section 2(h)(2) of the RRA, the amount of the supplemental annuity is reduced if the employees receive monthly pension payments, or lumpsum pension payments, from their former railroad employer, which are based in whole or in part on contributions from that railroad employer. The employees' own contributions to their pension accounts do not cause a reduction. An employer private pension is described in 20 CFR 216.40216.42.
The RRB requires the following information from railroad employers to calculate supplemental annuities: (a) The current status of railroad employer pension plans and whether such employer pension plans cause reductions to the RRB supplemental annuity; (b) the amount of the employer private pension being paid to the employee; (c) whether or not the employer made contributions to the pension; (d) whether or not the employee was cashed out before attaining retirement age under the employer pension plan or received the pension in a lumpsum payment in lieu of monthly pension payments; and (e) whether the employer pension plan continues when the employer status under the RRA changes. The requirement that railroad employers furnish pension information to the RRB is contained in 20 CFR 209.2.
The RRB currently utilizes Form(s) G88p (Employer's Supplemental Pension Report), G88r (Request for Information About New or Revised Pension Plan), and G88r.1 (Request for Additional Information about Employer Pension Plan in Case of Change of Employer Status or Termination of Pension Plan), to obtain the necessary information from railroad employers. One response is requested of each respondent. Completion is mandatory.
The RRB proposes the addition of several new items to Form G88p
which include ``skip patterns'' intended to allow employers to bypass
items when no response is needed. The RRB also proposes editorial and
reformatting changes for clarification purposes to several existing
items on G88p. The RRB proposes no changes to Forms G88r and G88r.1.
Estimate of Annual Respondent Burden
[The estimated annual respondent burden is as follows]
Total....................................................... 765 .............. 103
Additional Information or Comments: To request more information or
to obtain a copy of the information collection justification, forms,
and/or supporting material, please call the RRB Clearance Officer at
(312) 7513363 or send an email request to Charles.Mierzwa@RRB.GOV.
Comments regarding the information collection should be addressed to
Ronald J. Hodapp, Railroad Retirement Board, 844 North Rush Street,
Chicago, Illinois 606112092 or send an email to
Ronald.Hodapp@RRB.GOV. Written comments should be received within 60 days of this notice.
[FR Doc. E58140 Filed 122905; 8:45 am]
BILLING CODE 790501P
Agency information collection activities; proposals, submissions, and approvals,