Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Correction, 46795-46796 [2015-19366]

Download as PDF Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Rules and Regulations determinations in which the complete initial questionnaire has not been issued as of August 6, 2015. The second part of Section 505 amends Section 773(c)(5) of the Tariff Act of 1930, 19 U.S.C. 1673b(c)(5), to permit the Department to disregard price or cost values without further investigation if it has determined that certain subsidies have existed with respect to those values, or if those price or cost values were subject to an AD order. This amendment clarifies the Department’s authority for its existing practice, and does not impose any new requirements on the parties to AD proceedings that would require them to submit additional information or argument. Accordingly, we will apply this provision to determinations made on or after August 6, 2015. Section 506 of the Act amends Section 782(a) of the Tariff Act of 1930, 19 U.S.C. 1677m(a), to identify the factors that the Department may take into account in determining whether accepting voluntary responses would be unduly burdensome. This amendment compliments the Department’s voluntary respondent analysis and does not require parties to AD and CVD proceedings to submit additional information or argument. Accordingly, we will apply this provision to determinations made on or after August 6, 2015. mstockstill on DSK4VPTVN1PROD with RULES Classification Pursuant to 5 U.S.C. 553(b)(A), notice and comment are not required for this rule because its intent is to interpret the Trade Preferences Extension Act to apply as explained above and to provide notice to the public. This interpretation is meant to lend clarity to the statutory terms and will reduce or eliminate any possible confusion about the application of the Act without creating any new law, rights or duties. See General Motors Corp. v. Ruckelshaus, 742 F.2d 1561, 1565 (D.C. Cir. 1984) (en banc) (finding that EPA’s rule was interpretive because ‘‘the agency regarded its rule as interpretive’’; ‘‘[its] entire justification for the rule is comprised of reasoned statutory interpretation, with reference to the language, purpose and legislative history of the [provision]’’; and ‘‘most importantly, the rule did not create any new rights or duties . . .’’). Because notice and an opportunity for comment are not required, no regulatory flexibility analysis is required and none has been prepared. The rule has been determined to be not significant for purposes of Executive Order 12866. VerDate Sep<11>2014 16:05 Aug 05, 2015 Jkt 235001 Dated: July 31, 2015. Ronald K. Lorentzen Acting Assistant Secretary for Enforcement and Compliance. [FR Doc. 2015–19353 Filed 8–5–15; 8:45 am] 46795 PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: ■ BILLING CODE 3510–DS–P Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.432(e)(9)–1T is amended by revising the first sentence of paragraph (g)(1)(v) to read as follows: ■ DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 § 1.432(e)(9)–1T Benefit suspensions for multiemployer plans in critical and declining status (temporary). * [TD 9723] RIN 1545–BM73 Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Correction Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. AGENCY: This document contains corrections to temporary regulations (TD 9723) that were published in the Federal Register on Friday, June 19, 2015 (80 FR 35207). The temporary regulations relate to multiemployer pension plans that are projected to have insufficient funds, at some point in the future, to pay the full benefits to which individuals will be entitled under the plans (referred to as plans in ‘‘critical and declining status’’). DATES: This correction is effective August 6, 2015 and applicable June 19, 2015. FOR FURTHER INFORMATION CONTACT: Department of the Treasury MPRA guidance information line at (202) 622– 1559 (not a toll-free number). SUPPLEMENTARY INFORMATION: SUMMARY: Background The temporary regulations (TD 9723) that are the subject of this correction are under section 432(e)(9) of the Internal Revenue Code. Need for Correction As published, the temporary regulations (TD 9723) contain an error that may prove to be misleading and are in need of clarification. List of Subjects in 26 CFR Part 1 Income taxes, Reporting and recordkeeping requirements. Correction of Publication Accordingly, 26 CFR part 1 is amended by making the following correcting amendments: PO 00000 Frm 00007 Fmt 4700 Sfmt 4700 * * * * (g) * * * (1) * * * (v) * * * An application for suspension that is not submitted in combination with an application to PBGC for a plan partition under section 4233 of ERISA generally will not be accepted unless the proposed effective date of the suspension is at least nine months from the date on which the application is submitted. * * * Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–19364 Filed 8–5–15; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Parts 1 and 602 [TD 9723] RIN 1545–BM73 Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Correction Internal Revenue Service (IRS), Treasury. ACTION: Temporary regulations; correction. AGENCY: This document contains corrections to temporary regulations (TD 9723) that were published in the Federal Register on Friday, June 19, 2015 (80 FR 35207). The temporary regulations relate to multiemployer pension plans that are projected to have insufficient funds, at some point in the future, to pay the full benefits to which individuals will be entitled under the plans (referred to as plans in ‘‘critical and declining status’’). DATES: This correction is effective August 6, 2015 and applicable June 19, 2015. FOR FURTHER INFORMATION CONTACT: Department of the Treasury MPRA SUMMARY: E:\FR\FM\06AUR1.SGM 06AUR1 46796 Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Rules and Regulations guidance information line at (202) 622– 1559 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The temporary regulations (TD 9723) that are the subject of this correction are under section 432(e)(9) of the Internal Revenue Code. Need for Correction As published, the temporary regulations (TD 9723) contain errors that may prove to be misleading and are in need of clarification. Correction of Publication Accordingly, the temporary regulations (TD 9723), that are subject to FR Doc. 2015–14945, are corrected as follows: ■ 1. On page 35207, in the preamble, third column, third line, under paragraph heading ‘‘Paperwork Reduction Act,’’ the language ‘‘procedure pursuant to the’’ is corrected to read ‘‘comment pursuant to the’’. ■ 2. On page 35210, in the preamble, second column, ninth line, under paragraph heading ‘‘Suspension Applications,’’ the language ‘‘is eligible for the suspensions and has’’ is corrected to read ‘‘is eligible for the suspension and has’’. ■ 3. On page 35215, in the preamble, third column, third line, under paragraph heading ‘‘Contact Information,’’ the language ‘‘Department of the Treasury at (202)’’ is corrected to read ‘‘Department of the Treasury MPRA guidance information line at (202)’’. ■ Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2015–19366 Filed 8–5–15; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF DEFENSE Office of the Secretary 32 CFR Part 199 [Docket ID: DOD–2015–HA–0062] mstockstill on DSK4VPTVN1PROD with RULES RIN 0720–AB64 Civilian Health and Medical Program of the Uniformed Services (CHAMPUS)/ TRICARE: Refills of Maintenance Medications Through Military Treatment Facility Pharmacies or National Mail Order Pharmacy Program Office of the Secretary, Department of Defense (DoD). AGENCY: VerDate Sep<11>2014 16:05 Aug 05, 2015 Jkt 235001 ACTION: Interim final rule. This interim final rule implements Section 702 (c) of the Carl Levin and Howard P. ‘‘Buck’’ McKeon National Defense Authorization Act for Fiscal Year 2015 which states that beginning October 1, 2015, the pharmacy benefits program shall require eligible covered beneficiaries generally to refill non-generic prescription maintenance medications through military treatment facility pharmacies or the national mail-order pharmacy program. Section 702(c) of the National Defense Authorization Act for Fiscal Year 2015 also terminates the TRICARE For Life Pilot Program on September 30, 2015. The TRICARE For Life Pilot Program described in Section 716 (f) of the National Defense Authorization Act for Fiscal Year 2013, was a pilot program which began in March 2014 requiring TRICARE For Life beneficiaries to refill non-generic prescription maintenance medications through military treatment facility pharmacies or the national mail-order pharmacy program. TRICARE for Life beneficiaries are those enrolled in the Medicare wraparound coverage option of the TRICARE program. This interim rule includes procedures to assist beneficiaries in transferring covered prescriptions to the mail order pharmacy program. This regulation is being issued as an interim final rule in order to comply with the express statutory intent that the program begin October 1, 2015. Public comments, however, are invited and will be considered for possible revisions to this rule for the second year of the program. DATES: This rule is effective August 6, 2015. Written comments received at the address indicated below by October 5, 2015 will be considered and addressed in the final rule. ADDRESSES: You may submit comments, identified by docket number and/or Regulatory Information Number (RIN) number and title, by any of the following methods: Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. Mail: Department of Defense, Office of the Deputy Chief Management Officer, Directorate for Oversight and Compliance, Regulatory and Audit Matters Office, 9010 Defense Pentagon, Washington, DC 20301–9010. Instructions: All submissions received must include the agency name and docket number or RIN for this Federal Register document. The general policy for comments and other submissions from members of the public is to make these submissions available for public SUMMARY: PO 00000 Frm 00008 Fmt 4700 Sfmt 4700 viewing on the Internet at http:// www.regulations.gov as they are received without change, including any personal identifiers or contact information. Dr. George Jones, Chief, Pharmacy Operations Division, Defense Health Agency, telephone 703–681–2890. SUPPLEMENTARY INFORMATION: FOR FURTHER INFORMATION CONTACT: A. Executive Summary 1. Purpose The legal authority for this rule is Section 702 of the National Defense Authorization Act for Fiscal Year 2015. This interim final rule implements Section 702 (c) of the Carl Levin and Howard P. ‘‘Buck’’ McKeon National Defense Authorization Act for Fiscal Year 2015 which states that beginning October 1, 2015, the pharmacy benefits program shall require eligible covered beneficiaries generally to refill nongeneric prescription maintenance medications through military treatment facility pharmacies or the national mailorder pharmacy program. Eligible covered beneficiaries are defined in sections 1072 (5) and 1086 of title 10, United States Code. 2. Summary of the Major Provisions of the Interim Final Rule TRICARE beneficiaries are generally required to obtain all prescription refills for select non-generic maintenance medications from the TRICARE mail order program (where beneficiary copayments are much lower than in retail pharmacies) or military treatment facilities (where there are no copayments). Covered maintenance medications are those prescribed for chronic, long-term conditions that are taken on a regular, recurring basis, but do not include medications to treat acute conditions. TRICARE will follow best commercial practices, including that beneficiaries will be notified of the new rules and mechanisms to allow them to receive adequate medication during their transition to mail for their refills. The statute and rule authorize a waiver of the mail order requirement based on patient needs and other appropriate circumstances. 3. Costs and Benefits The effect of the statutory requirement, implemented by this rule, is to shift a volume of prescriptions from retail pharmacies to the mail order pharmacy program. This will produce savings to the Department of approximately $88M per year and savings to beneficiaries of E:\FR\FM\06AUR1.SGM 06AUR1

Agencies

[Federal Register Volume 80, Number 151 (Thursday, August 6, 2015)]
[Rules and Regulations]
[Pages 46795-46796]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-19366]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 9723]
RIN 1545-BM73


Suspension of Benefits Under the Multiemployer Pension Reform Act 
of 2014; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Temporary regulations; correction.

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SUMMARY: This document contains corrections to temporary regulations 
(TD 9723) that were published in the Federal Register on Friday, June 
19, 2015 (80 FR 35207). The temporary regulations relate to 
multiemployer pension plans that are projected to have insufficient 
funds, at some point in the future, to pay the full benefits to which 
individuals will be entitled under the plans (referred to as plans in 
``critical and declining status'').

DATES: This correction is effective August 6, 2015 and applicable June 
19, 2015.

FOR FURTHER INFORMATION CONTACT: Department of the Treasury MPRA

[[Page 46796]]

guidance information line at (202) 622-1559 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The temporary regulations (TD 9723) that are the subject of this 
correction are under section 432(e)(9) of the Internal Revenue Code.

Need for Correction

    As published, the temporary regulations (TD 9723) contain errors 
that may prove to be misleading and are in need of clarification.

Correction of Publication

0
Accordingly, the temporary regulations (TD 9723), that are subject to 
FR Doc. 2015-14945, are corrected as follows:
0
1. On page 35207, in the preamble, third column, third line, under 
paragraph heading ``Paperwork Reduction Act,'' the language ``procedure 
pursuant to the'' is corrected to read ``comment pursuant to the''.
0
2. On page 35210, in the preamble, second column, ninth line, under 
paragraph heading ``Suspension Applications,'' the language ``is 
eligible for the suspensions and has'' is corrected to read ``is 
eligible for the suspension and has''.
0
3. On page 35215, in the preamble, third column, third line, under 
paragraph heading ``Contact Information,'' the language ``Department of 
the Treasury at (202)'' is corrected to read ``Department of the 
Treasury MPRA guidance information line at (202)''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-19366 Filed 8-5-15; 8:45 am]
BILLING CODE 4830-01-P