Multiemployer Pension Plan Application To Reduce Benefits, 45470 [2020-16283]
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45470
Federal Register / Vol. 85, No. 145 / Tuesday, July 28, 2020 / Notices
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
Building Material Drivers Local 436
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 an application submitted
by the Board of Trustees of the Building
Material Drivers Local 436 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 Building Material
Drivers Local 436 Pension Fund.
DATES: Comments must be received by
September 11, 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.
Commenters are strongly encouraged to
submit public comments electronically.
Treasury expects to have limited
personnel available to process public
comments that are submitted on paper
through mail. Until further notice, any
comments submitted on paper will be
considered to the extent practicable.
Comments may be mailed to the
Department of the Treasury, MPRA
Office, 1500 Pennsylvania Avenue NW,
Room 1224, Washington, DC 20220,
Attn: Danielle Norris. Comments sent
SUMMARY:
2014/applications-for-benefitsuspension. 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 Building
Material Drivers Local 436 Pension
Fund’s application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the Building Material
Drivers Local 436 Pension Fund.
Consideration will be given to any
comments that are timely received by
Treasury.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2020–16283 Filed 7–27–20; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF VETERANS
AFFAIRS
Advisory Committee Charter Renewals
Department of Veterans Affairs.
Notice of Advisory Committee
Charter Renewals.
AGENCY:
ACTION:
In accordance with the
provisions of the Federal Advisory
Committee ACT (FACA) and after
consultation with the General Services
Administration, the Secretary of
Veterans Affairs has determined that the
following Federal advisory committee is
vital to the mission of the Department
of Veterans Affairs (VA) and renewing
its charter would be in the public
interest. Consequently, the charter for
the following Federal advisory
committee is renewed for a two-year
period, beginning on the dates listed
below:
SUMMARY:
Committee name
Committee description
Cooperative Studies Scientific Evaluation Committee.
Provides advice on VA cooperative studies, multi-site clinical research activities, and policies related to conducting and managing these efforts and ensures that new and ongoing projects maintain high quality, are based upon
scientific merit, and are efficiently and economically conducted.
Provides advice on the fair and equitable selection of the most meritorious research projects for support by VA research funds; ensures the high quality
and mission relevance of VA’s legislatively mandated research and development program; advises on the scientific and technical merit, originality, feasibility, and mission relevance of individual research proposals; and advises on
the adequacy of protection of human and animal subjects.
Provides advice on the scientific quality, budget, safety, and mission relevance
of investigator-initiated research proposals submitted for VA merit review
consideration. The proposals to be reviewed may address research questions within the general area of biomedical and behavioral research or clinical
science research. The Board also advises VA research officials on program
priorities and policies, as well as administration of VA’s intramural program.
Health Services Research and Development Service Scientific Merit Review
Board.
khammond on DSKJM1Z7X2PROD with NOTICES
via facsimile, telephone, 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 Building Material Drivers Local
436 Pension Fund, please contact
Treasury at (202) 622–1534 (not a tollfree 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 30, 2020, the Building
Material Drivers Local 436 Pension
Fund’s Board of Trustees 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://home.treasury.gov/services/themultiemployer-pension-reform-act-of-
Joint Biomedical Laboratory Research
and
Development
and
Clinical
Science Research and Development
Services Scientific Merit Review
Board.
VerDate Sep<11>2014
16:43 Jul 27, 2020
Jkt 250001
PO 00000
Frm 00102
Fmt 4703
Sfmt 4703
E:\FR\FM\28JYN1.SGM
Charter renewed on
28JYN1
April 21, 2020.
April 21, 2020.
April 21, 2020.
]]>Agencies
[Federal Register Volume 85, Number 145 (Tuesday, July 28, 2020)]
[Notices]
[Page 45470]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16283]
[[Page 45470]]
-----------------------------------------------------------------------
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 Building Material Drivers Local
436 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 an application submitted by the Board of
Trustees of the Building Material Drivers Local 436 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 Building Material
Drivers Local 436 Pension Fund.
DATES: Comments must be received by September 11, 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. Commenters are strongly encouraged to
submit public comments electronically. Treasury expects to have limited
personnel available to process public comments that are submitted on
paper through mail. Until further notice, any comments submitted on
paper will be considered to the extent practicable.
Comments may 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, telephone, 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 Building Material Drivers Local 436 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 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 30, 2020, the Building Material Drivers Local 436 Pension
Fund's Board of Trustees 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://home.treasury.gov/services/the-multiemployer-pension-reform-act-of-2014/applications-for-benefit-suspension. 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 Building Material Drivers
Local 436 Pension Fund's application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the Building Material Drivers Local 436
Pension Fund. Consideration will be given to any comments that are
timely received by Treasury.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2020-16283 Filed 7-27-20; 8:45 am]
BILLING CODE 4810-25-P
