Multiemployer Pension Plan Application To Reduce Benefits, 74867-74868 [2016-25961]

Download as PDF Federal Register / Vol. 81, No. 208 / Thursday, October 27, 2016 / Notices TTB Form Numbers: F 5100.21 and F 5110.51. Abstract: In general, under the Internal Revenue Code (IRC) at 26 U.S.C. 7652(a)(1), merchandise manufactured in Puerto Rico and shipped to the United States for consumption or sale is subject to a tax equal to the internal revenue tax imposed in the United States upon like articles of merchandise of domestic manufacture. The IRC at 26 U.S.C. 7652(a)(2) provides that the Secretary of the Treasury shall by regulation prescribe the mode and time for payment and collection of the tax, and 26 U.S.C. 7805(a) provides the Secretary of the Treasury the authority to prescribe all needful rules and regulations for enforcement of the IRC. Under this authority, in order to protect the revenue, the TTB regulations require, among other things, the use of TTB F 5100.21 and TTB F 5110.51 by persons shipping wine, beer, and certain distilled spirits products produced in Puerto Rico to the United States for domestic consumption or sale. TTB F 5100.21 is an application and permit to compute the Federal excise tax on, taxpay, and withdraw wine or beer for shipment to the United States. TTB F 5110.51 is an application and permit to compute the tax on, taxpay, and withdraw for shipment to the United States certain distilled spirits products. Current Actions: We are submitting this information collection for extension purposes only. The information collection, estimated number of respondents, and estimated number of burden hours remain unchanged. Type of Review: Extension of a currently approved collection. Affected Public: Businesses and other for-profits. Estimated Number of Respondents: 35. Estimated Total Annual Burden Hours: 35. Dated: October 19, 2016. Amy R. Greenberg, Director, Regulations and Rulings Division. [FR Doc. 2016–25971 Filed 10–26–16; 8:45 am] BILLING CODE 4810–31–P The Internal Revenue Service Advisory Council (IRSAC) will hold a public meeting on Wednesday, November 16, 2016. FOR FURTHER INFORMATION CONTACT: Ms. Anna Millikan, IRSAC Program Manager, Office of National Public Liaison, CL:NPL:P, Room 7559, 1111 Constitution Avenue NW, Washington, DC 20224. Telephone: 202–317–6851 (not a toll-free number). Email address: PublicLiaison@irs.gov. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to section 10(a) (2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988), a public meeting of the IRSAC will be held on Wednesday, November 16, 2016, from 9:20 a.m. to 1:15 p.m. at the Melrose Georgetown Hotel, 2430 Pennsylvania Avenue NW., Potomac III Ballroom, Washington, DC 20037. Issues to be discussed include, but are not limited to: IRS Should Evaluate the Effects of Penalties on Voluntary Compliance; Risk Assessment; Promoting Confidentiality of Treaty-Exchanged Information; Fraud Prevention through Individual Taxpayer and Business Master File (BMF) Authentication; Enhancement of IRS2Go Mobile Application and Online Accounts; Field and Campus Exam Letters and Attachments; Statutory Authority of IRS to Regulate Tax Practice; and Revisions and Updates to Circular 230. Lastminute agenda changes may preclude advanced notice. The meeting room accommodates approximately 70 people; this number includes IRSAC members and Internal Revenue Service officials. Due to limited seating, please call Anna Millikan at 202–317–6851 to confirm your attendance. Attendees are encouraged to arrive at least 30 minutes before the meeting begins. Should you wish the IRSAC to consider a written statement, please write to Internal Revenue Service, Office of National Public Liaison, CL:NPL, Room 7559, 1111 Constitution Avenue NW., Washington, DC 20224 or email PublicLiaison@irs.gov. SUMMARY: Dated: October 20, 2016. Candice Cromling, Director, National Public Liaison. [FR Doc. 2016–25946 Filed 10–26–16; 8:45 am] BILLING CODE 4830–01–P sradovich on DSK3GMQ082PROD with NOTICES DEPARTMENT OF THE TREASURY Internal Revenue Service DEPARTMENT OF THE TREASURY Advisory Council to the Internal Revenue Service; Meeting Multiemployer Pension Plan Application To Reduce Benefits Internal Revenue Service (IRS), Treasury. ACTION: Notice. AGENCY: AGENCY: VerDate Sep<11>2014 17:43 Oct 26, 2016 Jkt 241001 Department of the Treasury. Notice of availability; request for comments. ACTION: PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 74867 The Board of Trustees of the Automotive Industries Pension Plan (Auto Industries 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. The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Auto Industries Pension Plan 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 participants and beneficiaries, employee organizations, and contributing employers of the Auto Industries Pension Plan. DATES: Comments must be received by December 12, 2016. 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: 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 Auto Industries 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 SUMMARY: E:\FR\FM\27OCN1.SGM 27OCN1 74868 Federal Register / Vol. 81, No. 208 / Thursday, October 27, 2016 / Notices 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 September 27, 2016, the Board of Trustees of the Auto Industries 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:// auth.treasury.gov/services/Pages/PlanApplications.aspx. Treasury is publishing this notice in the Federal Register, in consultation with the PBGC and the Department of Labor, to solicit public comments on all aspects of the Auto Industries Pension Plan application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Auto Industries Pension Plan. Consideration will be given to any comments that are timely received by Treasury. Dated: October 20, 2016. David R. Pearl, Executive Secretary, Department of the Treasury. [FR Doc. 2016–25961 Filed 10–26–16; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request October 24, 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. Comments should be received on or before November 28, 2016 to be assured of consideration. DATES: 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 sradovich on DSK3GMQ082PROD with NOTICES ADDRESSES: VerDate Sep<11>2014 17:43 Oct 26, 2016 Jkt 241001 8142, 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) 622–0934, or viewing the entire information collection request at www.reginfo.gov. Bureau of the Fiscal Service (Fiscal Service) OMB Control Number: 1530–0006. Type of Review: Extension without change of a currently approved collection. Title: Direct Deposit Sign-Up Form and Go Direct Sign Up Form. Forms: SF–1199A, FS Form 1200, FS Form 1200VADE, FS Form 1201L, FS Form 1201S. Abstract: The Direct Deposit Sign-Up Form is used by recipients to authorize the deposit of Federal payments into their accounts at financial institutions. The information is used to route the Direct Deposit payment to the correct account at the correct financial institution. It identifies persons who have executed the form. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 67,786. OMB Control Number: 1530–0011. Type of Review: Extension without change of a currently approved collection. Title: Assignment Form. Form: FS Form 6314. Abstract: This form is used when an award holder wants to assign or transfer all or part of his/her award to another person. When this occurs, the award holder forfeits all future rights to the portion assigned. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 75. OMB Control Number: 1530–0016. Type of Review: Extension without change of a currently approved collection. Title: 31 CFR part 208—Management of Federal Agency Disbursements. Abstract: This regulation requires that most Federal payments be made by Electronic Funds Transfer (EFT); sets forth waiver requirements; and provides for a low-cost Treasury-designated account to individuals at a financial institution that offers such accounts. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 325. OMB Control Number: 1530–0025. PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 Type of Review: Extension without change of a currently approved collection. Title: Request To Reissue United States Savings Bonds. Form: FS Form 4000. Abstract: The information is requested to support a request to reissue paper (definitive) Series EE, HH, and I United States Savings Bonds, Retirement Plan Bonds, and Individual Retirement Bonds and to indicate the new registration required. Affected Public: Individuals or Households. Estimated Total Annual Burden Hours: 57,500. OMB Control Number: 1530–0039. Type of Review: Extension without change of a currently approved collection. Title: U.S. Treasury Securities State and Local Government Series Early Redemption Request. Form: FS Form 5377. Abstract: The information is used to process early redemption requests for the owners of State and Local Government Series Securities. Affected Public: State, Local, and Tribal Governments. Estimated Total Annual Burden Hours: 247. Bob Faber, Acting Treasury PRA Clearance Officer. [FR Doc. 2016–25974 Filed 10–26–16; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request October 21, 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 November 28, 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, E:\FR\FM\27OCN1.SGM 27OCN1

Agencies

[Federal Register Volume 81, Number 208 (Thursday, October 27, 2016)]
[Notices]
[Pages 74867-74868]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-25961]


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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 Automotive Industries Pension 
Plan (Auto Industries 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. The 
purpose of this notice is to announce that the application submitted by 
the Board of Trustees of the Auto Industries Pension Plan 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 participants and beneficiaries, employee 
organizations, and contributing employers of the Auto Industries 
Pension Plan.

DATES: Comments must be received by December 12, 2016.

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: 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 Auto Industries 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

[[Page 74868]]

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 September 27, 2016, the Board of Trustees of the Auto Industries 
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://auth.treasury.gov/services/Pages/Plan-Applications.aspx. Treasury is publishing this notice in the 
Federal Register, in consultation with the PBGC and the Department of 
Labor, to solicit public comments on all aspects of the Auto Industries 
Pension Plan application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Auto Industries Pension Plan. 
Consideration will be given to any comments that are timely received by 
Treasury.

    Dated: October 20, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-25961 Filed 10-26-16; 8:45 am]
 BILLING CODE 4810-25-P