Multiemployer Pension Plan Application To Reduce Benefits, 32826 [2016-12104]

Download as PDF 32826 Federal Register / Vol. 81, No. 100 / Tuesday, May 24, 2016 / Notices we are looking for. In addition, experience working in a consensus building environment would be helpful. The Secretary will consult with the national organization of State commissioners before selecting any state commissioner. Additionally, the Secretary will consult with the national organizations representing the owners and operators of pipeline facilities before selecting individuals from the industry. III. Terms of Service • Each member serves a three-year term, unless the member becomes unable to serve, resigns, ceases to be qualified to serve, or is removed by the Secretary. • Members may be reappointed. • All members serve at their own expense and receive no salary from the Federal Government, although travel reimbursement and per diem may be provided. • The GPAC and LPAC generally meet in-person in the Washington, DC, Metropolitan area. • PHMSA will ask potential public candidates to provide detailed information concerning such matters related to financial holdings, employment, and research grants and/or contracts to permit evaluation of possible sources of conflicts of interest. sradovich on DSK3TPTVN1PROD with NOTICES IV. Nomination Procedures Any interested person may nominate one or more qualified individuals for membership on the advisory committee. Self-nominations are also accepted. • Nominations must include a ´ ´ current, complete resume including current business address and/or home address, telephone number, and email address, education, professional or business experience, present occupation, and membership on other advisory committees past or present) for each nominee. • Each nominee must meet the training, education or experience requirements listed under section II above. • Nominations must also specify the advisory committee for which the nominee is recommended (the GPAC or LPAC). • Nominations must also acknowledge that the nominee is aware of the nomination unless selfnominated. VerDate Sep<11>2014 17:24 May 23, 2016 Jkt 238001 Issued in Washington, DC, on May 18, 2016, under authority delegated in 49 CFR 1.97. Alan K. Mayberry, Acting Associate Administrator for Pipeline Safety. [FR Doc. 2016–12136 Filed 5–23–16; 8:45 am] BILLING CODE 4910–60–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 Teamsters Local Union No. 469 Pension Plan (Teamsters Local 469 Pension Plan), 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 Teamsters Local 469 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 Teamsters Local 469 Pension Plan. DATES: Comments must be received by June 22, 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. SUMMARY: PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 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 Teamsters Local 469 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 March 31, 2016, the Board of Trustees of the Teamsters Local 469 Pension Plan submitted an application for approval to reduce benefits under the plan. As required by MPRA, that application has been published on Treasury’s Web site at https:// www.treasury.gov/services/Pages/ PlanApplications.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 Teamsters Local 469 Pension Plan application. Comments are requested from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Teamsters Local 469 Pension Plan. Consideration will be given to any comments that are timely received by Treasury. FOR FURTHER INFORMATION CONTACT: Dated: May 17, 2016. David R. Pearl, Executive Secretary, Department of the Treasury. [FR Doc. 2016–12104 Filed 5–23–16; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0783 (10–10073, 10073a, 10073b, 10073c)] Proposed Information Collection (Nonprofit Research and Education Corporations (NPCs) Data Collection) ACTIVITY: E:\FR\FM\24MYN1.SGM Comment Request. 24MYN1

Agencies

[Federal Register Volume 81, Number 100 (Tuesday, May 24, 2016)]
[Notices]
[Page 32826]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12104]


=======================================================================
-----------------------------------------------------------------------

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 Teamsters Local Union No. 469 
Pension Plan (Teamsters Local 469 Pension Plan), 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 
Teamsters Local 469 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 Teamsters Local 469 Pension Plan.

DATES: Comments must be received by June 22, 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 Teamsters Local 469 
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 March 31, 2016, the Board of Trustees of the Teamsters Local 469 
Pension Plan submitted an application for approval to reduce benefits 
under the plan. As required by 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 Teamsters Local 
469 Pension Plan application.
    Comments are requested from interested parties, including 
contributing employers, employee organizations, and participants and 
beneficiaries of the Teamsters Local 469 Pension Plan. Consideration 
will be given to any comments that are timely received by Treasury.

    Dated: May 17, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-12104 Filed 5-23-16; 8:45 am]
 BILLING CODE 4810-25-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.