Multiemployer Pension Plan Application To Reduce Benefits, 43735-43736 [2018-18413]

Download as PDF Federal Register / Vol. 83, No. 166 / Monday, August 27, 2018 / Notices Agency will take further action if warranted by future circumstances. RECOMMENDATION: Deny the petition. CONCUR: Bruce York, Chief Medium and Heavy Duty Vehicle Defects & Assessment Division [FR Doc. 2018–18506 Filed 8–24–18; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket ID OCC–2018–0024] Mutual Savings Association Advisory Committee and Minority Depository Institutions Advisory Committee Office of the Comptroller of the Currency, Department of the Treasury (OCC). ACTION: Request for nominations. amozie on DSK3GDR082PROD with NOTICES1 AGENCY: SUMMARY: The OCC is seeking nominations for members of the Mutual Savings Association Advisory Committee (MSAAC) and the Minority Depository Institutions Advisory Committee (MDIAC). The MSAAC and the MDIAC assist the OCC in assessing the needs and challenges facing mutual savings associations and minority depository institutions, respectively. The OCC is seeking nominations of individuals who are officers and/or directors of federal mutual savings associations, or officers and/or directors of federal stock savings associations that are part of a mutual holding company structure, to be considered for selection as MSAAC members. The OCC also is seeking nominations of individuals who are officers and/or directors of OCCregulated minority depository institutions, or officers and/or directors of other OCC-regulated depository institutions with a commitment to supporting minority depository institutions, to be considered for selection as MDIAC members. DATES: Nominations must be received on or before October 15, 2018. ADDRESSES: Nominations of MSAAC members should be sent to msaac.nominations@occ.treas.gov or mailed to: Michael R. Brickman, Deputy Comptroller for Thrift Supervision, 400 7th Street SW, Washington, DC 20219. Nominations of MDIAC members should be sent to mdiac.nominations@ occ.treas.gov or mailed to: Beverly F. Cole, Deputy Comptroller for Compliance Supervision, 400 7th Street SW, Washington, DC 20219. VerDate Sep<11>2014 17:51 Aug 24, 2018 Jkt 244001 For inquiries regarding the MSAAC, Michael R. Brickman, Deputy Comptroller for Thrift Supervision, 400 7th Street SW, Washington, DC 20219; (202) 649–6450; email: msaac.nominations@occ.treas.gov. For inquiries regarding the MDIAC, Beverly F. Cole, Deputy Comptroller for Compliance Supervision, 400 7th Street SW, Washington, DC 20219; (202) 649– 5688; email: mdiac.nominations@ occ.treas.gov. SUPPLEMENTARY INFORMATION: The MSAAC and the MDIAC will be administered in accordance with the Federal Advisory Committee Act, 5 U.S.C. App. 2. The MSAAC will advise the OCC on ways to meet the goals established by section 5(a) of the Home Owners’ Loan Act, 12 U.S.C. 1464. The MSAAC will advise the OCC with regard to mutual savings associations on means to: (1) Provide for the organization, incorporation, examination, operation and regulation of associations to be known as federal savings associations (including federal savings banks); and (2) issue charters therefore, giving primary consideration of the best practices of thrift institutions in the United States. The MSAAC will help meet those goals by providing the OCC with informed advice and recommendations regarding the current and future circumstances and needs of mutual savings associations. The MDIAC will advise the OCC on ways to meet the goals established by section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, Public Law 101–73, Title III, 103 Stat. 353, 12 U.S.C. 1463 note. The goals of section 308 are to preserve the present number of minority institutions, preserve the minority character of minority-owned institutions in cases involving mergers or acquisitions, provide technical assistance, and encourage the creation of new minority institutions. The MDIAC will help the OCC meet those goals by providing informed advice and recommendations regarding a range of issues involving minority depository institutions. Nominations should describe and document the proposed member’s qualifications for MSAAC or MDIAC membership, as appropriate. Existing MSAAC or MDIAC members may reapply themselves or may be renominated. The OCC will use this nomination process to achieve a balanced advisory committee membership and ensure that diverse views are represented among the membership of officers and directors of mutual and minority institutions. The FOR FURTHER INFORMATION CONTACT: PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 43735 MSAAC and MDIAC members will not be compensated for their time, but will be eligible for reimbursement of travel expenses in accordance with applicable federal law and regulations. Dated: August 21, 2018. Joseph M. Otting, Comptroller of the Currency. [FR Doc. 2018–18493 Filed 8–24–18; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits Department of the Treasury. Notice of availability; Request for comments. AGENCY: ACTION: SUMMARY: The Board of Trustees of the Laborers Local 265 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 Laborers Local 265 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 Laborers Local 265 Pension Plan. DATES: Comments must be received by October 11, 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 E:\FR\FM\27AUN1.SGM 27AUN1 43736 Federal Register / Vol. 83, No. 166 / Monday, August 27, 2018 / Notices 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 Laborers Local 265 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 July 31, 2018, the Board of Trustees of the Laborers Local 265 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 Register, in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Laborers Local 265 Pension Plan application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Laborers Local 265 Pension Plan. Consideration will be given to any comments that are timely received by Treasury. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2018–18413 Filed 8–24–18; 8:45 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY amozie on DSK3GDR082PROD with NOTICES1 Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple CDFI Information Collection Requests Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: SUMMARY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget VerDate Sep<11>2014 17:51 Aug 24, 2018 Jkt 244001 (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. DATES: Comments should be received on or before September 26, 2018 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, 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 8142, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Jennifer Quintana by emailing PRA@treasury.gov, calling (202) 622–0489, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Community Development Financial Institutions (CDFI) Title: Annual Compliance Reports. OMB Control Number: 1559–XXXX. Type of Review: New collection (Request for a new OMB Control Number). Abstract: This collection captures quantitative information from Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) recipients. This information is used to assess: (1) The recipient’s activities as detailed in their application materials; (2) the recipient’s approved use of the assistance; (3) the recipient’s financial condition; and (4) overall compliance with the terms and conditions of the assistance agreement entered into by the CDFI Fund and the recipient. Forms: CDFI Annual Performance Progress Report (Private Sector), CDFI Annual Performance Progress Report (State, Local, Tribal Governments), CDFI Annual Financial Statement Audit Report (Private Sector), CDFI Annual Financial Statement Audit Report (State, Local, Tribal Governments), CDFI Annual Single Audit Report (Private Sector), CDFI Annual Single Audit Report (State, Local, Tribal Governments). Affected Public: Businesses or other for-profits, Not-for-profit institutions, PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 and State, Local, and Tribal Governments. Estimated Total Annual Burden Hours: 858. Title: Annual Compliance Reports. OMB Control Number: 1559–0046. Type of Review: Revision of a currently approved collection. Abstract: The primary intent of the Annual Certification and Data Collection Report Form is to ensure that Community Development Financial Institutions (CDFI) continue to meet the requirements to be certified CDFIs. It is also an annual method to ensure that organizational information is up-to-date. The financial and portfolio data will be used by the CDFI Fund to gain insight on the CDFI industry. Information provided in these sections will not impact a CDFI’s certification status or applications for CDFI Fund programs. Forms: Annual Certification and Data Collection Report Form. Affected Public: Businesses or other for-profits. Estimated Total Annual Burden Hours: 8,663. Title: Disability Funds Financial Assistance Application. OMB Control Number: 1559–0048. Type of Review: Extension without change of a currently approved collection. Abstract: The Consolidated Appropriations Act of 2017 (Act; Pub. L. 115–31) provided the CDFI Fund up to $3 million to provide ‘‘technical and financial assistance to CDFIs that fund projects to help individuals with disabilities.’’ The CDFI Fund created the Disability Funds-Financial Assistance (DF–FA) Application in response to this Congressional directive. Furthermore, the Consolidated Appropriations Act of 2018 (Pub. L. 115–141) provided an additional $3 million towards this objective. The CDFI Fund intends to provide DF–FA awards to certified CDFIs with a track record of serving individuals with disabilities. For purposes of the DF–FA awards selection process, Disability will mean a person with a physical or mental impairment that substantially limits one or more major life activities; a person who has a history or record of such an impairment; or a person who is perceived by others as having such an impairment, as defined by the Americans with Disabilities Act (ADA). Applicants selected to receive DF–FA awards will have a demonstrated track record of serving individuals with disabilities, specifically by providing financial products and services and/or development services that have a primary purpose of benefiting E:\FR\FM\27AUN1.SGM 27AUN1

Agencies

[Federal Register Volume 83, Number 166 (Monday, August 27, 2018)]
[Notices]
[Pages 43735-43736]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-18413]


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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 Laborers Local 265 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 Laborers 
Local 265 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 Laborers Local 265 Pension Plan.

DATES: Comments must be received by October 11, 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

[[Page 43736]]

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 Laborers Local 265 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 July 31, 2018, the Board of Trustees of the Laborers Local 265 
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 Laborers Local 
265 Pension Plan application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Laborers Local 265 Pension Plan. 
Consideration will be given to any comments that are timely received by 
Treasury.

David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018-18413 Filed 8-24-18; 8:45 am]
 BILLING CODE 4810-25-P