Notice of a Change in Status of an Extended Benefit (EB) Period for Alaska, 58631 [E8-23637]
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Federal Register / Vol. 73, No. 195 / Tuesday, October 7, 2008 / Notices
or other party in interest or disqualified
person with respect to a plan, from
certain other provisions of ERISA and
the Code, including any prohibited
transaction provisions to which the
exemption does not apply and the
general fiduciary responsibility
provisions of section 404 of ERISA
which require, among other things, that
a fiduciary act prudently and discharge
his or her duties respecting the plan
solely in the interests of the participants
and beneficiaries of the plan.
Additionally, the fact that a transaction
is the subject of an exemption does not
affect the requirement of section 401(a)
of the Code that the plan must operate
for the exclusive benefit of the
employees of the employer maintaining
the plan and their beneficiaries;
(2) This exemption does not extend to
transactions prohibited under section
406(b)(3) of the Act or section
4975(c)(1)(F) of the Code;
(3) In accordance with section 408(a)
of the Act and section 4975(c)(2) of the
Code, the Department finds that the
exemption is administratively feasible,
in the interests of the plan and of its
participants and beneficiaries, and
protective of the rights of participants
and beneficiaries of such plans;
(4) The amendment is applicable to a
particular transaction only if the
transaction satisfies the conditions
specified in the exemption; and
(5) The amendment is supplemental
to, and not in derogation of, any other
provisions of ERISA and the Code,
including statutory or administrative
exemptions and transitional rules.
Furthermore, the fact that a transaction
is subject to an administrative or
statutory exemption is not dispositive of
whether the transaction is in fact a
prohibited transaction.
Amendment
Under section 408(a) of the Act and
section 4975(c)(2) of the Code and in
accordance with the procedures set
forth in 29 CFR 2570, Subpart B (55 FR
32836, 32847, August 10, 1990), the
Department amends PTE 2006–06 as set
forth below:
Exemption * * *
mstockstill on PROD1PC66 with NOTICES
I. Covered Transactions * * *
(b) * * *
(1) Designate itself or an affiliate as:
(i) Provider of an individual retirement
plan; (ii) provider, in the case of a
distribution on behalf of a designated
beneficiary (as defined by section
401(a)(9)(E) of the Code) who is not the
surviving spouse of the deceased
participant, of an inherited individual
retirement plan (within the meaning of
VerDate Aug<31>2005
18:23 Oct 06, 2008
Jkt 217001
section 402(c)(11) of the Code)
established to receive the distribution
on behalf of the nonspouse beneficiary
under the circumstances described in
section (d)(1)(ii) of the Safe Harbor
Regulation for Terminated Plans (29
CFR section 2550.404a–3) (the Safe
Harbor Regulation); or (iii) provider of
an interest bearing, federally insured
bank or savings association account
maintained in the name of the
participant or beneficiary, in the case of
a distribution described in section
(d)(1)(iii) of the Safe Harbor Regulation,
for the distribution of the account
balance of the participant or beneficiary
of the abandoned individual account
plan who does not provide direction as
to the disposition of such assets;
V. Definitions * * *
(b) The term ‘‘individual retirement
plan’’ means an individual retirement
plan described in section 7701(a)(37) of
the Code. For purposes of section III of
this exemption, the term ‘‘individual
retirement plan’’ shall also include an
inherited individual retirement plan
(within the meaning of section
402(c)(11) of the Code) established to
receive a distribution on behalf of a
nonspouse beneficiary. Notwithstanding
the foregoing, the term individual
retirement plan shall not include an
individual retirement plan which is an
employee benefit plan covered by Title
I of ERISA.
Signed at Washington, DC, this 26th day of
September, 2008.
Ivan L. Strasfeld,
Director, Office of Exemption Determinations.
[FR Doc. E8–23429 Filed 10–6–08; 8:45 am]
BILLING CODE 4510–29–P
58631
109% of the prior year and 106% of the
second prior year for the same period.
This causes Alaska to be triggered ‘‘off’’
an EB period. After the week ending
October 11, 2008, workers who exhaust
their regular UI benefits will no longer
be eligible to collect up to an additional
13 weeks of UI benefits under this
program.
Information for Claimants
The duration of benefits payable in
the EB Program, and the terms and
conditions on which they are payable,
are governed by the Federal-State
Extended Unemployment Compensation
Act of 1970, as amended, and the
operating instructions issued to the
states by the U.S. Department of Labor.
In the case of a state ending an EB
period, the State Workforce Agency will
furnish a written notice to each
individual who is currently filing a
claim for EB of the forthcoming end of
the EB period and its effect on the
individual’s rights to EB (20 CFR
615.13(c)(4)).
FOR FURTHER INFORMATION CONTACT:
Scott Gibbons, U.S. Department of
Labor, Employment and Training
Administration, Office of Workforce
Security, 200 Constitution Avenue,
NW., Frances Perkins Bldg., Room S–
4231, Washington, DC 20210, telephone
number (202) 693–3008 (this is not a
toll-free number) or by e-mail:
gibbons.scott@dol.gov.
Signed in Washington, DC, this 29th day of
September, 2008.
Brent R. Orrell,
Deputy Assistant Secretary of Labor for
Employment and Training.
[FR Doc. E8–23637 Filed 10–6–08; 8:45 am]
BILLING CODE 4510–FW–P
DEPARTMENT OF LABOR
DEPARTMENT OF LABOR
Employment and Training
Administration
Notice of a Change in Status of an
Extended Benefit (EB) Period for
Alaska
Employment and Training
Administration, Labor.
ACTION: Notice.
AGENCY:
SUMMARY: This notice announces a
change in benefit period eligibility
under the EB Program for Alaska.
The following change has occurred
since the publication of the last notice
regarding the State’s EB status:
• Based on data reported by the
Bureau of Labor Statistics on September
19, 2008, Alaska triggered ‘‘off’’ EB.
Alaska’s 3-month total unemployment
rate for June, July and August fell to
PO 00000
Frm 00103
Fmt 4703
Sfmt 4703
Employment and Training
Administration
Notice of a Change in Status of an
Extended Benefit (EB) Period for North
Carolina
Employment and Training
Administration, Labor.
ACTION: Notice.
AGENCY:
SUMMARY: This notice announces a
change in benefit period eligibility
under the EB Program for North
Carolina.
The following change has occurred
since the publication of the last notice
regarding the State’s EB status:
• Based on data reported by the
Bureau of Labor Statistics on September
19, 2008, North Carolina’s 3-month
E:\FR\FM\07OCN1.SGM
07OCN1
]]>Agencies
[Federal Register Volume 73, Number 195 (Tuesday, October 7, 2008)]
[Notices]
[Page 58631]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-23637]
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DEPARTMENT OF LABOR
Employment and Training Administration
Notice of a Change in Status of an Extended Benefit (EB) Period
for Alaska
AGENCY: Employment and Training Administration, Labor.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice announces a change in benefit period eligibility
under the EB Program for Alaska.
The following change has occurred since the publication of the last
notice regarding the State's EB status:
Based on data reported by the Bureau of Labor Statistics
on September 19, 2008, Alaska triggered ``off'' EB. Alaska's 3-month
total unemployment rate for June, July and August fell to 109% of the
prior year and 106% of the second prior year for the same period. This
causes Alaska to be triggered ``off'' an EB period. After the week
ending October 11, 2008, workers who exhaust their regular UI benefits
will no longer be eligible to collect up to an additional 13 weeks of
UI benefits under this program.
Information for Claimants
The duration of benefits payable in the EB Program, and the terms
and conditions on which they are payable, are governed by the Federal-
State Extended Unemployment Compensation Act of 1970, as amended, and
the operating instructions issued to the states by the U.S. Department
of Labor. In the case of a state ending an EB period, the State
Workforce Agency will furnish a written notice to each individual who
is currently filing a claim for EB of the forthcoming end of the EB
period and its effect on the individual's rights to EB (20 CFR
615.13(c)(4)).
FOR FURTHER INFORMATION CONTACT: Scott Gibbons, U.S. Department of
Labor, Employment and Training Administration, Office of Workforce
Security, 200 Constitution Avenue, NW., Frances Perkins Bldg., Room S-
4231, Washington, DC 20210, telephone number (202) 693-3008 (this is
not a toll-free number) or by e-mail: gibbons.scott@dol.gov.
Signed in Washington, DC, this 29th day of September, 2008.
Brent R. Orrell,
Deputy Assistant Secretary of Labor for Employment and Training.
[FR Doc. E8-23637 Filed 10-6-08; 8:45 am]
BILLING CODE 4510-FW-P
