Multiemployer Pension Plan Application To Reduce Benefits, 18694-18695 [2016-07269]

Download as PDF 18694 Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Michael T. McRaith, Director, Federal Insurance Office. [FR Doc. 2016–07268 Filed 3–30–16; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request March 28, 2016. The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104–13, on or after the date of publication of this notice. DATES: Comments should be received on or before May 2, 2016 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimates, or any other aspect of the information collections, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@OMB.EOP.gov and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8117, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained by emailing PRA@treasury.gov, calling (202) 622–1295, or viewing the entire information collection request at www.reginfo.gov. mstockstill on DSK4VPTVN1PROD with NOTICES OMB Control Number: 1530–0024. Type of Review: Revision of a currently approved collection. Title: Request for Payment of Reissue of U.S. Savings Bonds Deposited in Safekeeping. Abstract: The information is necessary to request payment or reissue of Savings Bonds/Notes held in safekeeping when original safekeeping custody receipts are not available. The information on the form is used by the Department of the Treasury, Bureau of the Fiscal Service, to identify the securities involved, establish entitlement, and to obtain a certified request for payment or reissue. Without 19:09 Mar 30, 2016 Brenda Simms, Treasury PRA Clearance Officer. [FR Doc. 2016–07296 Filed 3–30–16; 8:45 am] BILLING CODE 4810–AS–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 Road Carriers—Local 707 Pension Fund, a multiemployer pension plan, has submitted an application to Treasury to reduce benefits under the 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 Road Carriers—Local 707 Pension Fund has been published on the Web site of the Department of the Treasury (Treasury), and to request public comments on the application from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Road Carriers—Local 707 Pension Fund SUMMARY: Bureau of the Fiscal Service VerDate Sep<11>2014 the information, the transaction cannot be completed. Estimated Total Annual Burden Hours: 233. OMB Control Number: 1530–0044. Type of Review: Extension of a currently approved collection. Title: Regulations Governing United States Treasury Certificates of Indebtedness—State and Local Government Series, United States Treasury Notes—State and Local Government Series, and United States Treasury Bonds—State and Local Government Series. Abstract: The information is requested to establish consideration for a waiver of regulations. Estimated Total Annual Burden Hours: 434. OMB Control Number: 1530–0048. (Previously approved as 1535–0098 as a collection conducted by Department of the Treasury/Bureau of the Public Debt.) Type of Review: Extension of a previously approved collection. Title: Claim for United States Savings Bonds Not Received. Abstract: The information collection is used to support a request for relief on account of the nonreceipt of United States Savings Bonds. Estimated Total Annual Burden Hours: 2,500. Jkt 238001 PO 00000 Frm 00131 Fmt 4703 Sfmt 4703 to reduce benefits under the plan. Road Carriers—Local 707 Pension Fund also submitted to PBGC an application to partition the plan. For further information about partition, see PBGC’s Web site at https://www.pbgc.gov/prac/ multiemployer/multiemployer-pensionreform-act-of-2014.html. DATES: Comments must be received by April 29, 2016. 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 Road Carriers—Local 707 Pension Fund, 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 Treasury, in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor, is required to approve or deny. On March 15, 2016, the Board of Trustees of the Road Carriers—Local 707 Pension Fund submitted an application for approval to reduce benefits under the plan. As required by E:\FR\FM\31MRN1.SGM 31MRN1 Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices MPRA, that application has been published on Treasury’s Web site at https://www.treasury.gov/services/Pages/ Plan-Applications.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 Road Carriers—Local 707 Pension Fund application. Comments are requested from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Road Carriers— Local 707 Pension Fund. Consideration will be given to any comments that are timely received by Treasury. Dated: March 25, 2016. David R. Pearl, Executive Secretary, Department of the Treasury. [FR Doc. 2016–07269 Filed 3–30–16; 8:45 am] BILLING CODE 4810–25–P UNITED STATES SENTENCING COMMISSION Authority: 28 U.S.C. 995(a)(1); USSC Rules of Practice and Procedure, Rule 1.2. Rules of Practice and Procedure United States Sentencing Commission. ACTION: Notice of proposed amendments to the Sentencing Commission’s Rules of Practice and Procedure. Request for public comment. AGENCY: This notice sets forth proposed amendments to the Commission’s Rules of Practice and Procedure. The Commission invites public comment on these proposed amendments. DATES: Public comment should be received by the Commission not later than June 1, 2016. ADDRESSES: Public comment should be sent to the Commission by electronic mail or regular mail. The email address for public comment is Public_ Comment@ussc.gov. The regular mail address for public comment is United States Sentencing Commission, One Columbus Circle, NE., Suite 2–500, Washington, DC 20002–8002, Attention: Public Affairs. FOR FURTHER INFORMATION CONTACT: Matt Osterrieder, Legislative Specialist, (202) 502–4500, pubaffairs@ussc.gov. SUPPLEMENTARY INFORMATION: The United States Sentencing Commission is an independent agency in the judicial branch of the United States Government. The Commission promulgates sentencing guidelines and policy statements for federal courts pursuant to 28 U.S.C. 994(a). The mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:09 Mar 30, 2016 Jkt 238001 Commission also periodically reviews and revises previously promulgated guidelines pursuant to 28 U.S.C. 994(o) and submits guideline amendments to the Congress not later than the first day of May each year pursuant to 28 U.S.C. 994(p). Section 995(a)(1) of title 28, United States Code, authorizes the Commission to establish general policies and promulgate rules and regulations as necessary for the Commission to carry out the purposes of the Sentencing Reform Act of 1984. The Commission originally adopted the Rules of Practice and Procedure in July 1997 and now proposes to make amendments to these rules. In accordance with Rule 1.2 of its Rules of Practice and Procedure, the Commission hereby invites the public to provide comment on the proposed amendments. Bracketed text within a proposed amendment indicates a heightened interest on the Commission’s part in comment and suggestions on whether the proposed provision is appropriate. Patti B. Saris, Chair. 1. Rules of Practice and Procedure Synopsis of Proposed Amendment: This proposed amendment revises the Commission’s Rules of Practice and Procedure. The rules were issued in 1997 ‘‘for the purpose of more fully informing interested persons of opportunities and procedures for becoming aware of and participating in the public business of the Commission.’’ See Rule 1.1 of the Commission’s Rules of Practice and Procedure. The Commission is conducting a review of its rules to determine whether any updates or revisions are appropriate, such as to reflect current technologies, take into account practices of other rulemaking agencies and recommendations of the Administrative Conference of the United States (‘‘ACUS’’), and better promote the purpose of the rules. The Commission is publishing this proposed amendment to inform that review. A. Actions and Meetings This part of the proposed amendment amends Rules 2.2 and 3.3 to clarify and enumerate the types of Commission actions that are taken in public meetings, the types of actions that may be taken in nonpublic meetings or without a meeting, and the types of discussions with outside parties that may be held in nonpublic meetings. Cf. ACUS Recommendation 2014–2, PO 00000 Frm 00132 Fmt 4703 Sfmt 4703 18695 ‘‘Government in the Sunshine Act’’ (adopted June 5, 2014) at ¶ 6. Rule 2.2 identifies certain types of actions that must be taken in a public meeting and a number of other types of actions, described as ‘‘miscellaneous matters,’’ as actions that may be taken without a meeting. Many other types of Commission actions are not specifically enumerated. The proposed amendment revises Rule 2.2 to clarify and enumerate the actions that must be taken in public meetings and the actions that may be taken in nonpublic meetings or without a meeting. Specifically, votes on final priorities and votes to approve or revise the minutes of public meetings must be taken at public meetings, and a number of other actions may be taken at nonpublic meetings or without a meeting. It also clarifies that the actions authorized to be taken in nonpublic meetings or without a meeting are not precluded from being taken in public meetings. Rule 3.3 identifies the purposes for holding nonpublic meetings: To transact certain types of Commission business, to hold discussions with Commission staff, and to discuss with outside parties certain types of sensitive information. The proposed amendment revises Rule 3.3 to clarify and enumerate the purposes for holding nonpublic meetings. As revised, Rule 3.3 identifies five purposes for holding nonpublic meetings and provides more clarity and specificity about these different purposes. To summarize, they include: (1) To take action on other matters pursuant to Rule 2.2; (2) to hold discussions with Commission staff and ex officio staff; (3) to hold discussions with advisory groups, with persons within the judiciary, or with persons in the executive or legislative branches; (4) to discuss sensitive information with outside parties (with a number of examples); and (5) to hold discussions with outside experts, such as in a roundtable or symposium, on matters unrelated to the merits of any pending proposed amendment. For nonpublic meetings covered by purpose (5), it adds that such meetings may be held under ‘‘Chatham House Rule’’ and may include outside observers. Finally, it amends Rule 6.2 to delete language requiring the Office of Legislative and Public Affairs to maintain certain information about nonpublic meetings. B. Public Meetings and Hearings This part of the proposed amendment amends Rules 3.2 and 3.5 to provide more information to the public about E:\FR\FM\31MRN1.SGM 31MRN1

Agencies

DEPARTMENT OF THE TREASURY

[Federal Register Volume 81, Number 62 (Thursday, March 31, 2016)]
[Notices]
[Pages 18694-18695]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07269]


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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.

-----------------------------------------------------------------------

SUMMARY: The Board of Trustees of the Road Carriers--Local 707 Pension 
Fund, a multiemployer pension plan, has submitted an application to 
Treasury to reduce benefits under the 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 Road Carriers--Local 707 Pension Fund has been 
published on the Web site of the Department of the Treasury (Treasury), 
and to request public comments on the application from interested 
parties, including contributing employers, employee organizations, and 
participants and beneficiaries of the Road Carriers--Local 707 Pension 
Fund to reduce benefits under the plan. Road Carriers--Local 707 
Pension Fund also submitted to PBGC an application to partition the 
plan. For further information about partition, see PBGC's Web site at 
https://www.pbgc.gov/prac/multiemployer/multiemployer-pension-reform-act-of-2014.html.

DATES: Comments must be received by April 29, 2016.

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 Road Carriers--Local 707 
Pension Fund, 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 Treasury, 
in consultation with the Pension Benefit Guaranty Corporation (PBGC) 
and the Department of Labor, is required to approve or deny.
    On March 15, 2016, the Board of Trustees of the Road Carriers--
Local 707 Pension Fund submitted an application for approval to reduce 
benefits under the plan. As required by

[[Page 18695]]

MPRA, that application has been published on Treasury's Web site at 
https://www.treasury.gov/services/Pages/Plan-Applications.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 Road Carriers--Local 707 Pension Fund application.
    Comments are requested from interested parties, including 
contributing employers, employee organizations, and participants and 
beneficiaries of the Road Carriers--Local 707 Pension Fund. 
Consideration will be given to any comments that are timely received by 
Treasury.

    Dated: March 25, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-07269 Filed 3-30-16; 8:45 am]
 BILLING CODE 4810-25-P

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