Multiemployer Pension Plan Application To Reduce Benefits, 68120 [2020-23711]

Download as PDF 68120 Federal Register / Vol. 85, No. 208 / Tuesday, October 27, 2020 / Notices or focus attention on areas where communication, training or changes in operations might improve delivery of products or services. These collections will allow for ongoing, collaborative and actionable communications between the Agency and its customers and stakeholders. It will also allow feedback to contribute directly to the improvement of program management. Respondents: Individuals and Households, Businesses and Organizations, State, Local or Tribal Government. Affected Public: Business or other for profit. Total Estimated Number of Responses: 6000. Frequency of Collection: Annually. Estimated time per Respondent: 10– 120 minutes. Total Estimated Number of Annual Burden Hours: 1958. Public Comments Invited: Comments are invited on: whether the proposed collection of information is necessary for the proper performance of the functions of the Department, including whether the information will have practical utility; the accuracy of the Department’s estimate of the burden of the proposed information collection; ways to enhance the quality, utility and clarity of the information to be collected; and ways to minimize the burden of the collection of information on respondents, including the use of automated collection techniques or other forms of information technology. Authority: The Paperwork Reduction Act of 1995; 44 U.S.C. Chapter 35, as amended; and 49 CFR 1.93 Dated: October 22, 2020. By Order of the Maritime Administrator. T. Mitchell Hudson, Jr. Secretary, Maritime Administration. [FR Doc. 2020–23715 Filed 10–26–20; 8:45 am] BILLING CODE 4910–81–P DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits Department of the Treasury. Notice of availability; Request for comments. ACTION: The Board of Trustees of the Carpenters Pension Trust Fund-Detroit & Vicinity 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 jbell on DSKJLSW7X2PROD with NOTICES VerDate Sep<11>2014 18:26 Oct 26, 2020 Jkt 253001 Comments must be received by December 11, 2020. ADDRESSES: You may submit comments electronically through the Federal eRulemaking Portal at http:// 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. DATES: For information regarding the application from the Carpenters Pension Trust Fund-Detroit & Vicinity 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 FOR FURTHER INFORMATION CONTACT: AGENCY: SUMMARY: this notice is to announce that the application submitted by the Board of Trustees of the Carpenters Pension Trust Fund-Detroit & Vicinity 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 Carpenters Pension Trust Fund-Detroit & Vicinity Pension Fund. PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 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 September 29, 2020, the Carpenters Pension Trust Fund-Detroit & Vicinity 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-of2014/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 Carpenters Pension Trust Fund-Detroit & Vicinity Pension Fund’s application. Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Carpenters Pension Trust Fund-Detroit & Vicinity Pension Fund. Consideration will be given to any comments that are timely received by Treasury. David Kautter, Assistant Secretary for Tax Policy. [FR Doc. 2020–23711 Filed 10–26–20; 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 Arizona Bricklayers’ Pension Trust 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 Arizona Bricklayers’ Pension Trust 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 Arizona Bricklayers’ Pension Trust Fund. DATES: Comments must be received by December 11, 2020. SUMMARY: E:\FR\FM\27OCN1.SGM 27OCN1

Agencies

[Federal Register Volume 85, Number 208 (Tuesday, October 27, 2020)]
[Notices]
[Page 68120]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-23711]


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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 Carpenters Pension Trust Fund-
Detroit & Vicinity 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 Carpenters Pension Trust 
Fund-Detroit & Vicinity 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 Carpenters Pension Trust Fund-Detroit & 
Vicinity Pension Fund.

DATES: Comments must be received by December 11, 2020.

ADDRESSES: You may submit comments electronically through the Federal 
eRulemaking Portal at http://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 Carpenters Pension Trust Fund-Detroit & Vicinity 
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 September 29, 2020, the Carpenters Pension Trust Fund-Detroit & 
Vicinity 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 
Carpenters Pension Trust Fund-Detroit & Vicinity Pension Fund's 
application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Carpenters Pension Trust Fund-Detroit & 
Vicinity Pension Fund. Consideration will be given to any comments that 
are timely received by Treasury.

David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2020-23711 Filed 10-26-20; 8:45 am]
BILLING CODE 4810-25-P