Multiemployer Pension Plan Application To Reduce Benefits, 64508 [2015-27037]

Download as PDF 64508 Federal Register / Vol. 80, No. 205 / Friday, October 23, 2015 / Notices Estimated Total Annual Burden Hours: 15,080 hours. Reason for change: There is an adjustment in the number of respondents from 105 to 130. Requests 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 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. Dated: October 19, 2015. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2015–26909 Filed 10–22–15; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits Department of the Treasury. Notice of availability; request for comments. AGENCY: ACTION: The Board of Trustees of the Central States, Southeast and Southwest Areas Pension Plan (Central States Pension Plan), a multiemployer pension plan, has submitted an application to Treasury to reduce benefits under the Central States Pension Plan in mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:05 Oct 22, 2015 Jkt 238001 accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Central States Pension Plan has been published on the Treasury Web site, and to request public comments on the application from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Central States Pension Plan. DATES: Comments must be received by December 7, 2015. ADDRESSES: You may submit comments electronically through the Federal eRulemaking Portal at http:// 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 information regarding the application from the Board of Trustees of the Central States Pension Plan, please FOR FURTHER INFORMATION CONTACT: PO 00000 Frm 00124 Fmt 4703 Sfmt 9990 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 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 http://www.treasury.gov/services/Pages/ central-states-application.aspx. Treasury is publishing this notice in the Federal Register, in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Central States Pension Plan application, including with respect to the interpretation of section 432(e)(9)(D)(vii) of the Internal Revenue Code that is reflected in the application. 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. Dated: October 20, 2015. David R. Pearl, Executive Secretary, Department of the Treasury. [FR Doc. 2015–27037 Filed 10–22–15; 8:45 am] BILLING CODE 4810–25–P E:\FR\FM\23OCN1.SGM 23OCN1

Agencies

[Federal Register Volume 80, Number 205 (Friday, October 23, 2015)]
[Notices]
[Page 64508]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27037]


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DEPARTMENT OF THE TREASURY


Multiemployer Pension Plan Application To Reduce Benefits

AGENCY: Department of the Treasury.

ACTION: Notice of availability; request for comments.

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SUMMARY: The Board of Trustees of the Central States, Southeast and 
Southwest Areas Pension Plan (Central States Pension Plan), a 
multiemployer pension plan, has submitted an application to Treasury to 
reduce benefits under the Central States Pension Plan in accordance 
with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose 
of this notice is to announce that the application submitted by the 
Board of Trustees of the Central States Pension Plan has been published 
on the Treasury Web site, and to request public comments on the 
application from interested parties, including contributing employers, 
employee organizations, and participants and beneficiaries of the 
Central States Pension Plan.

DATES: Comments must be received by December 7, 2015.

ADDRESSES: You may submit comments electronically through the Federal 
eRulemaking Portal at http://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 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 
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 http://www.treasury.gov/services/Pages/central-states-application.aspx. 
Treasury is publishing this notice in the Federal Register, in 
consultation with PBGC and the Department of Labor, to solicit public 
comments on all aspects of the Central States Pension Plan application, 
including with respect to the interpretation of section 
432(e)(9)(D)(vii) of the Internal Revenue Code that is reflected in the 
application.
    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.

    Dated: October 20, 2015.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2015-27037 Filed 10-22-15; 8:45 am]
 BILLING CODE 4810-25-P