Multiemployer Pension Plan Application To Reduce Benefits, 14599 [2017-05489]
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Federal Register / Vol. 82, No. 53 / Tuesday, March 21, 2017 / Notices
previous conversations with AAMVA,
FMCSA determined that an additional
field to determine if the delay is due to
a customer request or actual delay
would require funding and time that is
not currently available. Furthermore,
given that not all States currently use
CSTIMs, FMCSA cannot justify
pursuing this route at this time, but will
continue discussions with AAMVA for
future efforts, as appropriate.
Several comments addressed how the
burden could be minimized without
reducing the quality of collected
information. One commenter indicated
that they believe the burden is minimal
as it stands. Another commenter
suggested that as States become
accustomed to this annual data
collection, States will be able to collect
data in a timelier manner.
One commenter suggested the burden
could be minimized by not requiring a
year’s worth of data to be accumulated
and calculated. The commenter
suggested that FMCSA distribute a
quarterly ‘‘snapshot’’ survey to collect
wait times across different seasons and
different locales, or to work with
AAMVA to readily produce this
information in CSTIMs. FMCSA did not
intend for every CDL skills test to be
included in the average and has
provided more concrete instructions for
States to collect data that is meaningful
while not being overly burdensome.
FMCSA has considered the suggestion
for a quarterly snapshot survey, and will
include a voluntary quarterly survey
after the first annual survey. This has
been accurately updated in burden
estimates and in the information
collection package.
Finally, one commenter reported that
if they are required to modify their
systems to provide the information
subject to this ICR, grant funding would
be necessary and it would require a long
time period to complete these efforts.
FMCSA does not intend for States to be
required to modify their existing
systems, and believes most of the
information required should be readily
available to a certain degree of
granularity.
Public Comments Invited: You are
asked to comment on any aspect of this
information collection, including: (1)
Whether the proposed collection is
necessary for the FMCSA to perform it’s
functions; (2) the accuracy of the
estimated burden; (3) ways for the
FMCSA to enhance the quality,
VerDate Sep<11>2014
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usefulness, and clarity of the collected
information; and (4) ways that the
burden could be minimized without
reducing the quality of the collected
information.
Issued under the authority delegated in 49
CFR 1.87 on: March 9, 2017.
G. Kelly Regal,
Associate Administrator for Office of
Research and Information Technology.
[FR Doc. 2017–05523 Filed 3–20–17; 8:45 am]
BILLING CODE 4910–EX–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
Western States Office and Professional
Employees Pension Fund (WSOPE
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 WSOPE 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
participants and beneficiaries, employee
organizations, and contributing
employers of the WSOPE Pension Fund.
DATES: Comments must be received by
May 5, 2017.
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
SUMMARY:
PO 00000
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14599
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
information regarding the application
from the WSOPE 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 February 22, 2017, the Board of
Trustees of the WSOPE 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. 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
WSOPE Pension Fund application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the WSOPE Pension Fund.
Consideration will be given to any
comments that are timely received by
Treasury.
FOR FURTHER INFORMATION CONTACT:
Dated: March 15, 2017.
Tom West,
Tax Legislative Counsel, Office of Tax Policy.
[FR Doc. 2017–05489 Filed 3–20–17; 8:45 am]
BILLING CODE 4810–25–P
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Agencies
[Federal Register Volume 82, Number 53 (Tuesday, March 21, 2017)]
[Notices]
[Page 14599]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-05489]
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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 Western States Office and
Professional Employees Pension Fund (WSOPE 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
WSOPE 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 participants and
beneficiaries, employee organizations, and contributing employers of
the WSOPE Pension Fund.
DATES: Comments must be received by May 5, 2017.
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 WSOPE 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 February 22, 2017, the Board of Trustees of the WSOPE 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. 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 WSOPE Pension Fund
application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the WSOPE Pension Fund. Consideration will be
given to any comments that are timely received by Treasury.
Dated: March 15, 2017.
Tom West,
Tax Legislative Counsel, Office of Tax Policy.
[FR Doc. 2017-05489 Filed 3-20-17; 8:45 am]
BILLING CODE 4810-25-P