Multiemployer Pension Plan Application To Reduce Benefits, 3463-3464 [2018-01273]

Download as PDF Federal Register / Vol. 83, No. 17 / Thursday, January 25, 2018 / Notices members shall consist of career appointees. The names and titles of the PRB members are as follows: • Kody H. Kinsley, Assistant Secretary for Management • Jamal El-Hindi, Deputy Director, Financial Crimes and Enforcement Network • Kimberly McCoy, Deputy Commissioner, Fiscal Accounting and Shared Services, Bureau of Fiscal Services • Martha Pacold, Deputy General Counsel • Kirsten Wielobob, Deputy Commissioner, Services and Enforcement • David A. Lebryk, Fiscal Assistant Secretary • John J. Manfreda, Administrator, Alcohol and Tobacco Tax and Trade Bureau • Mary G. Ryan, Deputy Administrator, Alcohol and Tobacco Tax and Trade Bureau • Sheryl Morrow, Commissioner, Bureau of Fiscal Service • Leonard Olijar, Director, Bureau of Engraving and Printing • Jeffrey Tribiano, Deputy Commissioner, Operations Support, Internal Revenue Service Dated: January 11, 2018. Julia J. Markham, Director, Office of Executive Resources. [FR Doc. 2018–01277 Filed 1–24–18; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Senior Executive Service; Departmental Offices Performance Review Board Treasury Department. Notice of members of the Departmental Offices Performances Review Board. AGENCY: ACTION: This notice announces the appointment of members of the Departmental Offices Performance Review Board (PRB). The purpose of this Board is to review and make recommendations concerning proposed performance appraisals, ratings, bonuses and other appropriate personnel actions for incumbents of SES positions in the Departmental Offices, excluding the Legal Division. The Board will perform PRB functions for other bureau positions if requested. DATES: Membership is effective on the date of this notice. FOR FURTHER INFORMATION CONTACT: Julia J. Markham or Kimberly Jackson, Office of Executive Resources, 1500 sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:37 Jan 24, 2018 Jkt 244001 Pennsylvania Avenue NW, ATTN: 1722 Eye Street, 9th Floor, Washington, DC 20220, Telephone: 202–622–0774. Composition of Departmental Offices PRB: The Board shall consist of at least three members. In the case of an appraisal of a career appointee, more than half the members shall consist of career appointees. The names and titles of the Board members are as follows: Names for Federal Register Publication • John Farley, Director, Executive Office for Asset Forfeiture • Aimen Mir, Deputy Assistant Secretary for Investment Security • Nancy Ostrowski, Director, Office of DC Pensions • J. Trevor Norris, Deputy Assistant Secretary for Human Resources and Chief Human Capital Officer • Michael Kaplan, Deputy Assistant Secretary, Western Hemisphere and South Asia • Mark D. 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Markham, Director, Office of Executive Resources. [FR Doc. 2018–01270 Filed 1–24–18; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits AGENCY: PO 00000 Department of the Treasury. Frm 00011 Fmt 4703 Sfmt 4703 3463 Notice of availability; Request for comments. ACTION: The Board of Trustees of the Ironworkers Local Union No. 16 Pension Fund (Ironworkers 16 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 Ironworkers 16 Pension Fund has been published on the website 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 Ironworkers 16 Pension Fund. DATES: Comments must be received by March 12, 2018. 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 Ironworkers 16 Pension Fund, please contact Treasury at (202) 622– 1534 (not a toll-free number). SUPPLEMENTARY INFORMATION: 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 SUMMARY: E:\FR\FM\25JAN1.SGM 25JAN1 3464 Federal Register / Vol. 83, No. 17 / Thursday, January 25, 2018 / Notices sradovich on DSK3GMQ082PROD with NOTICES conditions are satisfied. In order to reduce benefits, the plan sponsor is required to submit an application to the Secretary of the Treasury, which must be approved or denied in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor. On December 28, 2017, the Board of Trustees of the Ironwokers 16 Pension Fund submitted an application for approval to reduce benefits under the plan. As required by MPRA, that VerDate Sep<11>2014 17:37 Jan 24, 2018 Jkt 244001 application has been published on Treasury’s website 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 Ironworkers 16 Pension Fund application. Comments are requested from interested parties, including participants and beneficiaries, employee PO 00000 Frm 00012 Fmt 4703 Sfmt 9990 organizations, and contributing employers of the Ironworkers 16 Pension Fund. Consideration will be given to any comments that are timely received by Treasury. Dated: January 19, 2018. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2018–01273 Filed 1–24–18; 8:45 am] BILLING CODE 4810–25–P E:\FR\FM\25JAN1.SGM 25JAN1

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[Federal Register Volume 83, Number 17 (Thursday, January 25, 2018)]
[Notices]
[Pages 3463-3464]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-01273]


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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 Ironworkers Local Union No. 16 
Pension Fund (Ironworkers 16 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 Ironworkers 16 
Pension Fund has been published on the website 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 Ironworkers 
16 Pension Fund.

DATES: Comments must be received by March 12, 2018.

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 Ironworkers 16 Pension Fund, please contact 
Treasury at (202) 622-1534 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 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

[[Page 3464]]

conditions are satisfied. In order to reduce benefits, the plan sponsor 
is required to submit an application to the Secretary of the Treasury, 
which must be approved or denied in consultation with the Pension 
Benefit Guaranty Corporation (PBGC) and the Department of Labor.
    On December 28, 2017, the Board of Trustees of the Ironwokers 16 
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 website 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 Ironworkers 16 
Pension Fund application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Ironworkers 16 Pension Fund. 
Consideration will be given to any comments that are timely received by 
Treasury.

    Dated: January 19, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018-01273 Filed 1-24-18; 8:45 am]
 BILLING CODE 4810-25-P