Multiemployer Pension Plan Application To Reduce Benefits; Reopening of Comment Period, 7192-7193 [2016-02645]
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7192
Federal Register / Vol. 81, No. 27 / Wednesday, February 10, 2016 / Notices
Estimated Time per Respondent: 18
hr., 1 min.
Estimated Total Annual Burden
Hours: 277,500.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request 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 the 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.
Approved: February 3, 2016.
Sara Covington,
IRS Tax Analyst.
[FR Doc. 2016–02595 Filed 2–9–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Notice 2006–46
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
asabaliauskas on DSK9F6TC42PROD with NOTICES2
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
SUMMARY:
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17:22 Feb 09, 2016
Jkt 238001
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Notice
2006–25, Announcement of Rules to be
Included in Final Regulations under
Section 897(d) and (e) of the Internal
Revenue Code.
DATES: Written comments should be
received on or before April 11, 2016 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Sara Covington, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations should be
directed to Sara Covington at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Announcement of Rules to be
Included in Final Regulations under
Section 897(d) and (e) of the Internal
Revenue Code.
Notice Number: 2006–46.
OMB Number: 1545–2017.
Abstract: This notice announces that
the IRS and Treasury Department will
issue final regulations under section
897(d) and (e) of the Internal Revenue
Code that will revise the rules under
Temp. Treas. Reg. § 1.897–5T, Notice
89–85, and Temp. Treas. Reg. § 1.897–
6T to take into account statutory
mergers and consolidations under
foreign or possessions law which may
now qualify for nonrecognition
treatment under section 368(a)(1)(A).
The specific collections of information
are contained in Temp. Treas. Reg.
§§ 1.897–5T(c)(4)(ii)(C) and 1.897–
6T(b)(1). These reporting requirements
notify the IRS of the transfer and enable
it to verify that the transferor qualifies
for nonrecognition and that the
transferee will be subject to U.S. tax on
a subsequent disposition of the U.S. real
property interest.
Current Actions: There are no changes
being made to the notice at this time.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other-forprofit organizations.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Reporting
Burden Hours: 500.
The following paragraph applies to all
of the collections of information covered
by this notice:
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Frm 00129
Fmt 4703
Sfmt 4703
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request 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 the 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.
Approved: February 3, 2016.
Sara Covington,
Tax Analyst.
[FR Doc. 2016–02594 Filed 2–9–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
[Docket ID: TREAS–DO–2015–0009]
Multiemployer Pension Plan
Application To Reduce Benefits;
Reopening of Comment Period
Department of the Treasury.
Notice of availability; reopening
of comment period.
AGENCY:
ACTION:
On October 23, 2015, the
Department published a notice of
availability and request for comments
regarding an application to Treasury to
reduce benefits under the Central States,
Southeast and Southwest Areas Pension
Plan in accordance with the
Multiemployer Pension Reform Act of
2014 (MPRA). The purpose of this
notice is to reopen the comment period
and provide more time for interested
parties to provide comments.
DATES: Comments must be received on
or before March 1, 2016.
SUMMARY:
E:\FR\FM\10FEN1.SGM
10FEN1
Federal Register / Vol. 81, No. 27 / Wednesday, February 10, 2016 / Notices
You may submit comments
electronically through the Federal
eRulemaking Portal at https://
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
asabaliauskas on DSK9F6TC42PROD with NOTICES2
ADDRESSES:
VerDate Sep<11>2014
17:22 Feb 09, 2016
Jkt 238001
from the Board of Trustees of the
Central States, Southeast and Southwest
Areas Pension Plan, please contact
Treasury at (202) 622–1534 (not a tollfree 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, Southeast
and Southwest Areas Pension Plan
(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 https://
www.treasury.gov/services/Pages/
central-states-application.aspx. On
October 23, 2015, Treasury published a
PO 00000
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Fmt 4703
Sfmt 9990
7193
notice in the Federal Register (80 FR
64508), in consultation with PBGC and
the Department of Labor, to solicit
public comments on all aspects of the
Central States Pension Plan application.
The notice provided that comments
must be received by December 7, 2015.
On December 10, 2015, Treasury
published a notice in the Federal
Register (80 FR 76743), in consultation
with PBGC and the Department of
Labor, to reopen the comment period
until February 1, 2016.
This notice announces the reopening
of the comment period in order to give
additional time for interested parties to
provide comments. 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 on or before March 1, 2016.
Dated: February 4, 2016.
David R. Pearl,
Executive Secretary, Department of the
Treasury.
[FR Doc. 2016–02645 Filed 2–9–16; 8:45 am]
BILLING CODE 4810–25–P
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]]>Agencies
[Federal Register Volume 81, Number 27 (Wednesday, February 10, 2016)]
[Notices]
[Pages 7192-7193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02645]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
[Docket ID: TREAS-DO-2015-0009]
Multiemployer Pension Plan Application To Reduce Benefits;
Reopening of Comment Period
AGENCY: Department of the Treasury.
ACTION: Notice of availability; reopening of comment period.
-----------------------------------------------------------------------
SUMMARY: On October 23, 2015, the Department published a notice of
availability and request for comments regarding an application to
Treasury to reduce benefits under the Central States, Southeast and
Southwest Areas Pension Plan in accordance with the Multiemployer
Pension Reform Act of 2014 (MPRA). The purpose of this notice is to
reopen the comment period and provide more time for interested parties
to provide comments.
DATES: Comments must be received on or before March 1, 2016.
[[Page 7193]]
ADDRESSES: You may submit comments electronically through the Federal
eRulemaking Portal at https://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, Southeast
and Southwest Areas 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,
Southeast and Southwest Areas Pension Plan (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 https://www.treasury.gov/services/Pages/central-states-application.aspx. On
October 23, 2015, Treasury published a notice in the Federal Register
(80 FR 64508), in consultation with PBGC and the Department of Labor,
to solicit public comments on all aspects of the Central States Pension
Plan application. The notice provided that comments must be received by
December 7, 2015. On December 10, 2015, Treasury published a notice in
the Federal Register (80 FR 76743), in consultation with PBGC and the
Department of Labor, to reopen the comment period until February 1,
2016.
This notice announces the reopening of the comment period in order
to give additional time for interested parties to provide comments.
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 on or before March 1,
2016.
Dated: February 4, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-02645 Filed 2-9-16; 8:45 am]
BILLING CODE 4810-25-P
