Notice of a Change in Status of an Extended Benefit (EB) Period for Alaska, 58631 [E8-23637]

Download as PDF 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.

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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