Multiemployer Pension Plan Application To Reduce Benefits, 3107 [2020-00732]
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Federal Register / Vol. 85, No. 12 / Friday, January 17, 2020 / Notices
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
Fund’s application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the Fund. Consideration
will be given to any comments that are
timely received by Treasury.
Dated: January 13, 2020.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2020–00731 Filed 1–16–20; 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 (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 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 Fund.
DATES: Comments must be received by
March 2, 2020.
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: 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,
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SUMMARY:
VerDate Sep<11>2014
18:20 Jan 16, 2020
Jkt 250001
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 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
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 30, 2019, the Board of
Trustees of the 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/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
Fund’s application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the Fund. Consideration
will be given to any comments that are
timely received by Treasury.
Dated: January 13, 2020.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2020–00732 Filed 1–16–20; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Open Meeting of the Advisory
Committee on Risk-Sharing
Mechanisms
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice of open meeting.
AGENCY:
This notice announces that
the U.S. Department of the Treasury’s
SUMMARY:
PO 00000
Frm 00097
Fmt 4703
Sfmt 4703
3107
Advisory Committee on Risk-Sharing
Mechanisms (ACRSM) will convene a
meeting on Wednesday, February 5,
2020, in the Cash Room, Room 2121,
U.S. Department of the Treasury, 1500
Pennsylvania Ave. NW, Washington, DC
20220, from 2:30 p.m.–4:30 p.m. Eastern
Time. The meeting is open to the public,
and the site is accessible to individuals
with disabilities.
The meeting will be held on
Wednesday, February 5, 2020, from 2:30
p.m.–4:30 p.m. Eastern Time.
DATES:
The ACRSM meeting will
be held in Room 2121 (Cash Room), U.S.
Department of the Treasury, 1500
Pennsylvania Ave. NW, Washington, DC
20220. The meeting will be open to the
public. Because the meeting will be held
in a secured facility, members of the
public who plan to attend the meeting
must either:
1. Register online. Attendees may visit
https://www.cvent.com/d/phqvqx and fill
out a secure online registration form. A
valid email address will be required to
complete online registration. (Note:
Online registration will close at 5:00
p.m. Eastern Time on Thursday, January
30, 2020.)
2. Contact the Federal Insurance
Office at (202) 622–2922, by 5:00 p.m.
Eastern Time on Thursday, January 30,
2020, and provide registration
information.
Requests for reasonable
accommodations under Section 504 of
the Rehabilitation Act should be
directed to Mariam G. Harvey, Office of
Civil Rights and Diversity, U.S.
Department of the Treasury at (202)
622–0316, or mariam.harvey@
do.treas.gov.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Richard Ifft, Senior Insurance
Regulatory Policy Analyst, Federal
Insurance Office, U.S. Department of the
Treasury, 1500 Pennsylvania Ave. NW,
Room 1410 MT, Washington, DC 20220,
at (202) 622–2922 (this is not a toll-free
number). Persons who have difficulty
hearing or speaking may access this
number via TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
Notice of
this meeting is provided in accordance
with the Federal Advisory Committee
Act, 5 U.S.C. App. 10(a)(2), through
implementing regulations at 41 CFR
102–3.150.
Public Comment: Members of the
public wishing to comment on the
business of the ACRSM are invited to
submit written statements by any of the
following methods:
SUPPLEMENTARY INFORMATION:
E:\FR\FM\17JAN1.SGM
17JAN1
]]>Agencies
[Federal Register Volume 85, Number 12 (Friday, January 17, 2020)]
[Notices]
[Page 3107]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-00732]
-----------------------------------------------------------------------
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 Local 807 Labor-Management
Pension Plan (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 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 Fund.
DATES: Comments must be received by March 2, 2020.
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: 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 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 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 30, 2019, the Board of Trustees of the 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/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 Fund's application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the Fund. Consideration will be given to any
comments that are timely received by Treasury.
Dated: January 13, 2020.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2020-00732 Filed 1-16-20; 8:45 am]
BILLING CODE 4810-25-P
