Multiemployer Pension Plan Application To Reduce Benefits; Reopening of Comment Period, 7192-7193 [2016-02645]

Download as PDF 7192 Federal Register / Vol. 81, No. 27 / Wednesday, February 10, 2016 / Notices Estimated Time per Respondent: 18 hr., 1 min. Estimated Total Annual Burden Hours: 277,500. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: February 3, 2016. Sara Covington, IRS Tax Analyst. [FR Doc. 2016–02595 Filed 2–9–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Notice 2006–46 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. asabaliauskas on DSK9F6TC42PROD with NOTICES2 AGENCY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information SUMMARY: VerDate Sep<11>2014 17:22 Feb 09, 2016 Jkt 238001 collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Notice 2006–25, Announcement of Rules to be Included in Final Regulations under Section 897(d) and (e) of the Internal Revenue Code. DATES: Written comments should be received on or before April 11, 2016 to be assured of consideration. ADDRESSES: Direct all written comments to Sara Covington, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Sara Covington at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Sara.L.Covington@irs.gov. SUPPLEMENTARY INFORMATION: Title: Announcement of Rules to be Included in Final Regulations under Section 897(d) and (e) of the Internal Revenue Code. Notice Number: 2006–46. OMB Number: 1545–2017. Abstract: This notice announces that the IRS and Treasury Department will issue final regulations under section 897(d) and (e) of the Internal Revenue Code that will revise the rules under Temp. Treas. Reg. § 1.897–5T, Notice 89–85, and Temp. Treas. Reg. § 1.897– 6T to take into account statutory mergers and consolidations under foreign or possessions law which may now qualify for nonrecognition treatment under section 368(a)(1)(A). The specific collections of information are contained in Temp. Treas. Reg. §§ 1.897–5T(c)(4)(ii)(C) and 1.897– 6T(b)(1). These reporting requirements notify the IRS of the transfer and enable it to verify that the transferor qualifies for nonrecognition and that the transferee will be subject to U.S. tax on a subsequent disposition of the U.S. real property interest. Current Actions: There are no changes being made to the notice at this time. Type of Review: Extension of currently approved collection. Affected Public: Business or other-forprofit organizations. Estimated Number of Respondents: 500. Estimated Time per Respondent: 1 hour. Estimated Total Annual Reporting Burden Hours: 500. The following paragraph applies to all of the collections of information covered by this notice: PO 00000 Frm 00129 Fmt 4703 Sfmt 4703 An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: February 3, 2016. Sara Covington, Tax Analyst. [FR Doc. 2016–02594 Filed 2–9–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY [Docket ID: TREAS–DO–2015–0009] Multiemployer Pension Plan Application To Reduce Benefits; Reopening of Comment Period Department of the Treasury. Notice of availability; reopening of comment period. AGENCY: ACTION: On October 23, 2015, the Department published a notice of availability and request for comments regarding an application to Treasury to reduce benefits under the Central States, Southeast and Southwest Areas Pension Plan in accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this notice is to reopen the comment period and provide more time for interested parties to provide comments. DATES: Comments must be received on or before March 1, 2016. SUMMARY: E:\FR\FM\10FEN1.SGM 10FEN1 Federal Register / Vol. 81, No. 27 / Wednesday, February 10, 2016 / Notices You may submit comments electronically through the Federal eRulemaking Portal at https:// www.regulations.gov, in accordance with the instructions on that site. Electronic submissions through www.regulations.gov are encouraged. Comments may also be mailed to the Department of the Treasury, MPRA Office, 1500 Pennsylvania Avenue NW., Room 1224, Washington, DC 20220. Attn: Deva Kyle. Comments sent via facsimile and email will not be accepted. Additional Instructions. All comments received, including attachments and other supporting materials, will be made available to the public. Do not include any personally identifiable information (such as Social Security number, name, address, or other contact information) or any other information in your comment or supporting materials that you do not want publicly disclosed. Treasury will make comments available for public inspection and copying on www.regulations.gov or upon request. Comments posted on the Internet can be retrieved by most Internet search engines. FOR FURTHER INFORMATION CONTACT: For information regarding the application asabaliauskas on DSK9F6TC42PROD with NOTICES2 ADDRESSES: VerDate Sep<11>2014 17:22 Feb 09, 2016 Jkt 238001 from the Board of Trustees of the Central States, Southeast and Southwest Areas Pension Plan, please contact Treasury at (202) 622–1534 (not a tollfree number). SUPPLEMENTARY INFORMATION: The Multiemployer Pension Reform Act of 2014 (MPRA) amended the Internal Revenue Code to permit a multiemployer plan that is projected to have insufficient funds to reduce pension benefits payable to participants and beneficiaries if certain conditions are satisfied. In order to reduce benefits, the plan sponsor is required to submit an application to the Secretary of the Treasury, which the Department of the Treasury (Treasury), in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Secretary of Labor, is required to approve or deny. On September 25, 2015, the Board of Trustees of the Central States, Southeast and Southwest Areas Pension Plan (Central States Pension Plan) submitted an application for approval to reduce benefits under the Central States Pension Plan. As required by the MPRA, that application has been published on Treasury’s Web site at https:// www.treasury.gov/services/Pages/ central-states-application.aspx. On October 23, 2015, Treasury published a PO 00000 Frm 00130 Fmt 4703 Sfmt 9990 7193 notice in the Federal Register (80 FR 64508), in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Central States Pension Plan application. The notice provided that comments must be received by December 7, 2015. On December 10, 2015, Treasury published a notice in the Federal Register (80 FR 76743), in consultation with PBGC and the Department of Labor, to reopen the comment period until February 1, 2016. This notice announces the reopening of the comment period in order to give additional time for interested parties to provide comments. Comments are requested from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Central States Pension Plan. Consideration will be given to any comments that are timely received by Treasury on or before March 1, 2016. Dated: February 4, 2016. David R. Pearl, Executive Secretary, Department of the Treasury. [FR Doc. 2016–02645 Filed 2–9–16; 8:45 am] BILLING CODE 4810–25–P E:\FR\FM\10FEN1.SGM 10FEN1

Agencies

[Federal Register Volume 81, Number 27 (Wednesday, February 10, 2016)]
[Notices]
[Pages 7192-7193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02645]


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DEPARTMENT OF THE TREASURY

[Docket ID: TREAS-DO-2015-0009]


Multiemployer Pension Plan Application To Reduce Benefits; 
Reopening of Comment Period

AGENCY: Department of the Treasury.

ACTION: Notice of availability; reopening of comment period.

-----------------------------------------------------------------------

SUMMARY: On October 23, 2015, the Department published a notice of 
availability and request for comments regarding an application to 
Treasury to reduce benefits under the Central States, Southeast and 
Southwest Areas Pension Plan in accordance with the Multiemployer 
Pension Reform Act of 2014 (MPRA). The purpose of this notice is to 
reopen the comment period and provide more time for interested parties 
to provide comments.

DATES: Comments must be received on or before March 1, 2016.

[[Page 7193]]


ADDRESSES: You may submit comments electronically through the Federal 
eRulemaking Portal at https://www.regulations.gov, in accordance with 
the instructions on that site. Electronic submissions through 
www.regulations.gov are encouraged.
    Comments may also be mailed to the Department of the Treasury, MPRA 
Office, 1500 Pennsylvania Avenue NW., Room 1224, Washington, DC 20220. 
Attn: Deva Kyle. Comments sent via facsimile and email will not be 
accepted.
    Additional Instructions. All comments received, including 
attachments and other supporting materials, will be made available to 
the public. Do not include any personally identifiable information 
(such as Social Security number, name, address, or other contact 
information) or any other information in your comment or supporting 
materials that you do not want publicly disclosed. Treasury will make 
comments available for public inspection and copying on 
www.regulations.gov or upon request. Comments posted on the Internet 
can be retrieved by most Internet search engines.

FOR FURTHER INFORMATION CONTACT: For information regarding the 
application from the Board of Trustees of the Central States, Southeast 
and Southwest Areas Pension Plan, please contact Treasury at (202) 622-
1534 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The Multiemployer Pension Reform Act of 2014 
(MPRA) amended the Internal Revenue Code to permit a multiemployer plan 
that is projected to have insufficient funds to reduce pension benefits 
payable to participants and beneficiaries if certain conditions are 
satisfied. In order to reduce benefits, the plan sponsor is required to 
submit an application to the Secretary of the Treasury, which the 
Department of the Treasury (Treasury), in consultation with the Pension 
Benefit Guaranty Corporation (PBGC) and the Secretary of Labor, is 
required to approve or deny.
    On September 25, 2015, the Board of Trustees of the Central States, 
Southeast and Southwest Areas Pension Plan (Central States Pension 
Plan) submitted an application for approval to reduce benefits under 
the Central States Pension Plan. As required by the MPRA, that 
application has been published on Treasury's Web site at https://www.treasury.gov/services/Pages/central-states-application.aspx. On 
October 23, 2015, Treasury published a notice in the Federal Register 
(80 FR 64508), in consultation with PBGC and the Department of Labor, 
to solicit public comments on all aspects of the Central States Pension 
Plan application. The notice provided that comments must be received by 
December 7, 2015. On December 10, 2015, Treasury published a notice in 
the Federal Register (80 FR 76743), in consultation with PBGC and the 
Department of Labor, to reopen the comment period until February 1, 
2016.
    This notice announces the reopening of the comment period in order 
to give additional time for interested parties to provide comments. 
Comments are requested from interested parties, including contributing 
employers, employee organizations, and participants and beneficiaries 
of the Central States Pension Plan. Consideration will be given to any 
comments that are timely received by Treasury on or before March 1, 
2016.

    Dated: February 4, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-02645 Filed 2-9-16; 8:45 am]
BILLING CODE 4810-25-P
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