Phillips Plastics Corporation, Precision Decorating Facility, Including On-Site Leased Workers From Manpower, Medford, WI; Amended Certification Regarding Eligibility To Apply for Worker Adjustment Assistance and Alternative Trade Adjustment Assistance, 72844 [E8-28360]
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Federal Register / Vol. 73, No. 231 / Monday, December 1, 2008 / Notices
rwilkins on PROD1PC63 with NOTICES
stock, or other assets. The Segal Study
further pointed out that VEBAs may
allow unions and retirees more input
into benefit levels and contributions
because they may have seats on the
VEBA’s board of trustees or other
governing body. On the other hand, the
Segal Study suggested that it is not
possible for VEBAs to guarantee a set
level of benefits far into the future, or to
provide retirees with protection from
investment risk, because the financial
condition of the trust may be adversely
affected by unpredictable risks,
downturns in the market, or health care
cost increases.
Another study, the Mercer 2007
National Survey of Employer-Sponsored
Health Plans (Mercer Study), found that
among employers with 500 or more
employees that offer retiree health
insurance, 11 percent use a VEBA to
fund it, and an additional 5 percent are
considering using one. The Mercer
Study also determined that VEBA use is
most common among the largest retiree
health sponsors (28 percent of those
with 10,000 or more employees) and
those in the transportationcommunications-utilities industry group
(38 percent), followed by the financial
services (19 percent) and manufacturing
(13 percent) industry groups.11
Finally, a recent paper by Aaron
Bernstein entitled ‘‘Can VEBAs
Alleviate Retiree Health Care
Problems?,’’ published as part of the
Harvard Law School Pensions and
Capital Stewardship Project Labor and
Worklife Program, examined VEBAs in
the context of declining retiree health
coverage and discussed the ways that
VEBAs could help union and nonunion
employees in both the private and
public sector.12
D. Request for Information
The purpose of this notice is to obtain
information to assist the Department in
studying and understanding the role of
VEBAs in providing health and welfare
benefits to retired workers in the United
States. In order to assist interested
parties in responding, this document
contains a list of specific areas of
interest. The Department recognizes that
these areas of interest may not address
all relevant issues. Accordingly,
interested parties are invited to submit
comments on other issues that they
believe are pertinent.
1. What economic and demographic
forces are driving changes in retiree
health plan offerings and VEBA use?
11 See
https://www.mercer.com/
referencecontent.jhtml?idContent=1287790
12 The article is available at: https://
www.law.harvard.edu/programs/lwp/
occasionalpapers_Ap9_.
VerDate Aug<31>2005
16:47 Nov 28, 2008
Jkt 217001
2. What are the consequences to
employees, employers, and the public of
increasing VEBA use by employers to
fund retiree health benefits?
3. Is there a need for changes in
ERISA or in the Department’s ERISA
regulations to better govern the
administration of VEBAs?
4. Should VEBAs that are larger,
whether in terms of assets, number of
beneficiaries, or both, be subject to
different regulatory requirements than
smaller VEBAs?
5. Aside from the general fiduciary
obligations imposed by ERISA, should
other requirements be imposed on
VEBA governance structure to better
protect the economic interests of
participants?
6. Should plan documents for VEBAs
be required to provide fiduciaries
guidelines on benefit payments to help
the fiduciaries resolve any conflicts of
interest that may develop between
participants at different life cycle
stages?
7. Should the law require that
participants in plans funded by VEBAs
must be provided with actuarial
information indicating the potential
range of benefits the plan is likely to be
able to provide, taking into account
potential future benefits, investment
returns, and changes in the cost of
health benefits?
Leon R. Sequeira,
Assistant Secretary for Policy.
[FR Doc. E8–28325 Filed 11–28–08; 8:45 am]
BILLING CODE 4510–23–P
DEPARTMENT OF LABOR
Employment and Training
Administration
[TA-W–63,957]
Phillips Plastics Corporation, Precision
Decorating Facility, Including On-Site
Leased Workers From Manpower,
Medford, WI; Amended Certification
Regarding Eligibility To Apply for
Worker Adjustment Assistance and
Alternative Trade Adjustment
Assistance
In accordance with Section 223 of the
Trade Act of 1974 (19 U.S.C. 2273), and
Section 246 of the Trade Act of 1974 (26
U.S.C. 2813), as amended, the
Department of Labor issued a
Certification of Eligibility To Apply for
Worker Adjustment Assistance and
Alternative Trade Adjustment
Assistance on October 31, 2008,
applicable to workers of Phillips
Plastics Corporation, Precision
Decorating Facility, Medford,
PO 00000
Frm 00084
Fmt 4703
Sfmt 4703
Wisconsin. The notice was published in
the Federal Register on November 13,
2008 (73 FR 67209).
At the request of the State agency and
the petitioners, the Department
reviewed the certification for workers of
the subject firm. The workers are
engaged in the production of interior
automotive plastics (i.e. automotive
radio faceplates, heater control
faceplates and buttons and window
switches).
New information shows that workers
leased from Manpower were employed
on-site at the Medford, Wisconsin
location of Phillips Plastics Corporation,
Precision Decorating Facility. The
Department has determined that these
workers were sufficiently under the
control of Phillips Plastics Corporation,
Precision Decorating Facility to be
considered leased workers.
Based on these findings, the
Department is amending this
certification to include workers leased
from Manpower working on-site at the
Medford, Wisconsin location of the
subject firm.
The intent of the Department’s
certification is to include all workers
employed at Phillips Plastics
Corporation, Precision Decorating
Facility, Medford, Wisconsin who were
adversely affected by increased imports
of interior automotive plastics (i.e.,
automotive radio faceplates, heater
control faceplates and buttons and wind
switches).
The amended notice applicable to
TA–W–63,957 is hereby issued as
follows:
’’All workers of Phillips Plastics
Corporation, Precision Decorating Facility,
including on-site leased workers from
Manpower, Medford, Wisconsin, who
became totally or partially separated from
employment on or after July 27, 2007,
through October 31, 2010, are eligible to
apply for adjustment assistance under
Section 223 of the Trade Act of 1974, and are
also eligible to apply for alternative trade
adjustment assistance under Section 246 of
the Trade Act of 1974.’’
Signed at Washington, DC, this 18th day of
November 2008.
Richard Church,
Certifying Officer, Division of Trade
Adjustment Assistance.
[FR Doc. E8–28360 Filed 11–28–08; 8:45 am]
BILLING CODE 4510–FN–P
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[Federal Register Volume 73, Number 231 (Monday, December 1, 2008)]
[Notices]
[Page 72844]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-28360]
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DEPARTMENT OF LABOR
Employment and Training Administration
[TA-W-63,957]
Phillips Plastics Corporation, Precision Decorating Facility,
Including On-Site Leased Workers From Manpower, Medford, WI; Amended
Certification Regarding Eligibility To Apply for Worker Adjustment
Assistance and Alternative Trade Adjustment Assistance
In accordance with Section 223 of the Trade Act of 1974 (19 U.S.C.
2273), and Section 246 of the Trade Act of 1974 (26 U.S.C. 2813), as
amended, the Department of Labor issued a Certification of Eligibility
To Apply for Worker Adjustment Assistance and Alternative Trade
Adjustment Assistance on October 31, 2008, applicable to workers of
Phillips Plastics Corporation, Precision Decorating Facility, Medford,
Wisconsin. The notice was published in the Federal Register on November
13, 2008 (73 FR 67209).
At the request of the State agency and the petitioners, the
Department reviewed the certification for workers of the subject firm.
The workers are engaged in the production of interior automotive
plastics (i.e. automotive radio faceplates, heater control faceplates
and buttons and window switches).
New information shows that workers leased from Manpower were
employed on-site at the Medford, Wisconsin location of Phillips
Plastics Corporation, Precision Decorating Facility. The Department has
determined that these workers were sufficiently under the control of
Phillips Plastics Corporation, Precision Decorating Facility to be
considered leased workers.
Based on these findings, the Department is amending this
certification to include workers leased from Manpower working on-site
at the Medford, Wisconsin location of the subject firm.
The intent of the Department's certification is to include all
workers employed at Phillips Plastics Corporation, Precision Decorating
Facility, Medford, Wisconsin who were adversely affected by increased
imports of interior automotive plastics (i.e., automotive radio
faceplates, heater control faceplates and buttons and wind switches).
The amended notice applicable to TA-W-63,957 is hereby issued as
follows:
''All workers of Phillips Plastics Corporation, Precision
Decorating Facility, including on-site leased workers from Manpower,
Medford, Wisconsin, who became totally or partially separated from
employment on or after July 27, 2007, through October 31, 2010, are
eligible to apply for adjustment assistance under Section 223 of the
Trade Act of 1974, and are also eligible to apply for alternative
trade adjustment assistance under Section 246 of the Trade Act of
1974.''
Signed at Washington, DC, this 18th day of November 2008.
Richard Church,
Certifying Officer, Division of Trade Adjustment Assistance.
[FR Doc. E8-28360 Filed 11-28-08; 8:45 am]
BILLING CODE 4510-FN-P
