Multiemployer Pension Plan Application To Reduce Benefits, 83333 [2016-27938]

Download as PDF Federal Register / Vol. 81, No. 224 / Monday, November 21, 2016 / Notices 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: November 8, 2016. Tuawana Pinkston, IRS Reports Clearance Officer. [FR Doc. 2016–27905 Filed 11–18–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits Department of the Treasury. ACTION: Notice of availability; Request for comments. AGENCY: On September 28, 2016, the Department published a notice of availability and request for comments regarding an application to Treasury to reduce benefits under the New York State Teamsters Conference Pension and Retirement Fund in accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this notice is to reopen the comment period to provide more time for interested parties to provide comments. asabaliauskas on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:09 Nov 18, 2016 Jkt 241001 Comments must be received on or before December 21, 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 New York State Teamsters Conference Pension and Retirement 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 August 31, 2016, the Board of Trustees of the New York State Teamsters Conference Pension and Retirement Fund (NYS Teamsters Pension Fund) 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. On September 28, 2016, Treasury published a notice in the Federal Register (81 FR 66751–2), in DATES: PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 83333 consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the NYS Teamsters Pension Fund application. The notice provided that comments must be received by November 14, 2016. On November 1, 2016, the Retiree Representative (appointed by the NYS Teamsters Pension Fund in connection with its application to reduce benefits) requested a thirty-day extension of the comment period. 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 NYS Teamsters Pension Fund. Consideration will be given to any comments that are received by Treasury on or before December 21, 2016. 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 NYS Teamsters Pension Fund application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the NYS Teamsters Pension Fund. Consideration will be given to any comments that are timely received by Treasury. Dated: November 15, 2016. David R. Pearl, Executive Secretary, Department of the Treasury. [FR Doc. 2016–27938 Filed 11–18–16; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF VETERANS AFFAIRS Annual Determination of Staffing Shortages Department of Veterans Affairs. Notice. AGENCY: ACTION: Section 7412 of title 38, United States Code (U.S.C.) requires the Department of Veterans Affairs (VA) Inspector General (IG) to determine and report on the top five occupations of VA personnel covered under 38 U.S.C. 7401, for which there are the largest staffing shortages. The top five occupations are calculated over the fiveyear period preceding the determination, and the Secretary of Veterans Affairs is required to publish these findings in the Federal Register. Based on its review, the IG identified SUMMARY: E:\FR\FM\21NON1.SGM 21NON1

Agencies

[Federal Register Volume 81, Number 224 (Monday, November 21, 2016)]
[Notices]
[Page 83333]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27938]


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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: On September 28, 2016, the Department published a notice of 
availability and request for comments regarding an application to 
Treasury to reduce benefits under the New York State Teamsters 
Conference Pension and Retirement Fund in accordance with the 
Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this 
notice is to reopen the comment period to provide more time for 
interested parties to provide comments.

DATES: Comments must be received on or before December 21, 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 New York State Teamsters Conference Pension and 
Retirement 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 August 31, 2016, the Board of Trustees of the New York State 
Teamsters Conference Pension and Retirement Fund (NYS Teamsters Pension 
Fund) 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. On September 28, 2016, Treasury published a notice 
in the Federal Register (81 FR 66751-2), in consultation with PBGC and 
the Department of Labor, to solicit public comments on all aspects of 
the NYS Teamsters Pension Fund application. The notice provided that 
comments must be received by November 14, 2016. On November 1, 2016, 
the Retiree Representative (appointed by the NYS Teamsters Pension Fund 
in connection with its application to reduce benefits) requested a 
thirty-day extension of the comment period.
    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 NYS Teamsters Pension Fund. Consideration will be given to any 
comments that are received by Treasury on or before December 21, 2016. 
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 NYS Teamsters Pension Fund 
application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the NYS Teamsters Pension Fund. Consideration 
will be given to any comments that are timely received by Treasury.

    Dated: November 15, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-27938 Filed 11-18-16; 8:45 am]
 BILLING CODE 4810-25-P
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