Multiemployer Pension Plan Application To Reduce Benefits, 59734 [2016-20789]
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59734
Federal Register / Vol. 81, No. 168 / Tuesday, August 30, 2016 / Notices
Treasury’s Web site at https://
auth.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
Bricklayers Local 5 Pension Plan
application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the Bricklayers Local 5
Pension Plan. Consideration will be
given to any comments that are timely
received by Treasury.
Dated: August 23, 2016.
David R. Pearl,
Executive Secretary, Department of the
Treasury.
[FR Doc. 2016–20790 Filed 8–29–16; 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
Iron Workers Local 17 Pension Fund, a
multiemployer pension plan, has
submitted a revised application to the
Department of the Treasury (Treasury)
to reduce benefits under the plan in
accordance with the Multiemployer
Pension Reform Act of 2014 (MPRA).
This revised application was submitted
on July 29, 2016, by the Board of
Trustees of the Iron Workers Local 17
Pension Fund following the withdrawal
of the application that it submitted on
December 23, 2015. The purpose of this
notice is to announce that the revised
mstockstill on DSK3G9T082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
20:04 Aug 29, 2016
Jkt 238001
application has been published on the
Treasury Web site and to request public
comments on the application from
interested parties, including
participants, beneficiaries, employee
organizations, and contributing
employers of the Iron Workers Local 17
Pension Fund.
Comments must be received by
October 14, 2016.
DATES:
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: Eric Berger. 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.
ADDRESSES:
For
information regarding the application
from the Board of Trustees of the Iron
Workers Local 17 Pension Fund, please
contact Treasury at (202) 622–1534 (not
a toll-free number).
FOR FURTHER INFORMATION CONTACT:
PO 00000
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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 July 29, 2016, the Board of
Trustees of the Iron Workers Local 17
Pension Fund submitted a revised
application for approval to reduce
benefits under the plan following the
withdrawal of the application that it
submitted on December 23, 2015. As
required by MPRA, the revised
application has been published on
Treasury’s Web site at https://
auth.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
Iron Workers Local 17 Pension Fund
application.
Comments are requested from
interested parties, including
participants, beneficiaries, employee
organizations, and contributing
employers of the Iron Workers Local 17
Pension Fund. Consideration will be
given to any comments that are timely
received by Treasury.
SUPPLEMENTARY INFORMATION:
Dated: August 23, 2016.
David R. Pearl,
Executive Secretary, Department of the
Treasury.
[FR Doc. 2016–20789 Filed 8–26–16; 8:45 am]
BILLING CODE 4810–25–P
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]]>Agencies
[Federal Register Volume 81, Number 168 (Tuesday, August 30, 2016)]
[Notices]
[Page 59734]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20789]
-----------------------------------------------------------------------
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 Iron Workers Local 17 Pension
Fund, a multiemployer pension plan, has submitted a revised application
to the Department of the Treasury (Treasury) to reduce benefits under
the plan in accordance with the Multiemployer Pension Reform Act of
2014 (MPRA). This revised application was submitted on July 29, 2016,
by the Board of Trustees of the Iron Workers Local 17 Pension Fund
following the withdrawal of the application that it submitted on
December 23, 2015. The purpose of this notice is to announce that the
revised application has been published on the Treasury Web site and to
request public comments on the application from interested parties,
including participants, beneficiaries, employee organizations, and
contributing employers of the Iron Workers Local 17 Pension Fund.
DATES: Comments must be received by October 14, 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: Eric Berger. 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 Iron Workers Local 17
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 July 29, 2016, the Board of Trustees of the Iron Workers Local
17 Pension Fund submitted a revised application for approval to reduce
benefits under the plan following the withdrawal of the application
that it submitted on December 23, 2015. As required by MPRA, the
revised application has been published on Treasury's Web site at
https://auth.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 Iron Workers Local 17 Pension Fund
application.
Comments are requested from interested parties, including
participants, beneficiaries, employee organizations, and contributing
employers of the Iron Workers Local 17 Pension Fund. Consideration will
be given to any comments that are timely received by Treasury.
Dated: August 23, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-20789 Filed 8-26-16; 8:45 am]
BILLING CODE 4810-25-P
