Multiemployer Pension Plan Application To Reduce Benefits, 35315-35316 [2018-15886]

Download as PDF Federal Register / Vol. 83, No. 143 / Wednesday, July 25, 2018 / Notices 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 must be approved or denied in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor. On June 25, 2018, the Board of Trustees of the Toledo Roofers Local No. 134 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 website at https://www.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 Toledo Roofers Local No. 134 Pension Plan application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Toledo Roofers Local No. 134 Pension Plan. Consideration will be given to any comments that are timely received by Treasury. Dated: July 18, 2018. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2018–15881 Filed 7–24–18; 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 Southwest Ohio Regional Council of Carpenters Pension Plan, a multiemployer pension plan, has submitted an application 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 Southwest Ohio Regional Council of Carpenters Pension Plan 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 daltland on DSKBBV9HB2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:50 Jul 24, 2018 Jkt 244001 organizations, and contributing employers of the Southwest Ohio Regional Council of Carpenters Pension Plan. DATES: Comments must be received by September 10, 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: Danielle Norris. Comments sent via facsimile or 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 your 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 Southwest Ohio Regional Council of Carpenters Pension Plan, 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 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 June 29, 2018, the Board of Trustees of the Southwest Ohio Regional Council of Carpenters 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 website at https:// www.treasury.gov/services/Pages/PlanApplications.aspx. Treasury is publishing this notice in the Federal PO 00000 Frm 00114 Fmt 4703 Sfmt 4703 35315 Register, in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Southwest Ohio Regional Council of Carpenters Pension Plan application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Southwest Ohio Regional Council of Carpenters Pension Plan. Consideration will be given to any comments that are timely received by Treasury. Dated: July 18, 2018. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2018–15889 Filed 7–24–18; 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 Local 807 Labor-Management Pension Plan, a multiemployer pension plan, has submitted an application 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 Local 807 LaborManagement Pension Plan 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 Local 807 Labor-Management Pension Plan. DATES: Comments must be received by September 10, 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: Danielle Norris. Comments sent via facsimile or email will not be accepted. Additional Instructions. All comments received, including attachments and other supporting SUMMARY: E:\FR\FM\25JYN1.SGM 25JYN1 35316 Federal Register / Vol. 83, No. 143 / Wednesday, July 25, 2018 / Notices materials, will be made available to the public. Do not include any personally identifiable information (such as your 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. Dated: July 18, 2018. David Kautter, Assistant Secretary for Tax Policy. For information regarding the application from the Local 807 Labor-Management Pension Plan, please contact Treasury at (202) 622–1534 (not a toll-free number). SUMMARY: FOR FURTHER INFORMATION CONTACT: 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 must be approved or denied in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor. On June 29, 2018, the Board of Trustees of the Local 807 LaborManagement 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 website at https://www.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 Local 807 Labor-Management Pension Plan application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Local 807 LaborManagement Pension Plan. Consideration will be given to any comments that are timely received by Treasury. daltland on DSKBBV9HB2PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 18:50 Jul 24, 2018 Jkt 244001 [FR Doc. 2018–15886 Filed 7–24–18; 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 Mid-Jersey Trucking Industry and Local No. 701 Pension Fund, a multiemployer pension plan, has submitted an application 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 Mid-Jersey Trucking Industry and Local No. 701 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 Mid-Jersey Trucking Industry and Local No. 701 Pension Fund. DATES: Comments must be received by September 10, 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: Danielle Norris. Comments sent via facsimile or 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 your Social Security number, name, address, or other contact information) or any PO 00000 Frm 00115 Fmt 4703 Sfmt 9990 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 Mid-Jersey Trucking Industry and Local No. 701 Pension Fund, please contact Treasury at (202) 622–1534 (not a toll-free number). FOR FURTHER INFORMATION CONTACT: 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 must be approved or denied in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Department of Labor. On June 27, 2018, the Board of Trustees of the Mid-Jersey Trucking Industry and Local No. 701 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:// www.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 Mid-Jersey Trucking Industry and Local No. 701 Pension Fund application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Mid-Jersey Trucking Industry and Local No. 701 Pension Fund. Consideration will be given to any comments that are timely received by Treasury. SUPPLEMENTARY INFORMATION: Dated: July 18, 2018. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2018–15888 Filed 7–24–18; 8:45 am] BILLING CODE 4810–25–P E:\FR\FM\25JYN1.SGM 25JYN1

Agencies

[Federal Register Volume 83, Number 143 (Wednesday, July 25, 2018)]
[Notices]
[Pages 35315-35316]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15886]


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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 Local 807 Labor-Management 
Pension Plan, a multiemployer pension plan, has submitted an 
application 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 Local 807 Labor-Management Pension Plan 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 Local 807 Labor-
Management Pension Plan.

DATES: Comments must be received by September 10, 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: Danielle Norris. Comments sent via facsimile or email will not be 
accepted.
    Additional Instructions. All comments received, including 
attachments and other supporting

[[Page 35316]]

materials, will be made available to the public. Do not include any 
personally identifiable information (such as your 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 Local 807 Labor-Management Pension Plan, 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 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 June 29, 2018, the Board of Trustees of the Local 807 Labor-
Management 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 website at https://www.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 Local 807 
Labor-Management Pension Plan application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Local 807 Labor-Management Pension Plan. 
Consideration will be given to any comments that are timely received by 
Treasury.

    Dated: July 18, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018-15886 Filed 7-24-18; 8:45 am]
 BILLING CODE 4810-25-P