Multiemployer Pension Plan Application To Reduce Benefits, 6417-6418 [2021-01121]
Download as PDF
<![CDATA[
jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices
use to be exempt from tax under section
4082(a), it must be indelibly dyed by
use of a mechanical dye injection
system that satisfies the requirements in
the regulations. These regulations affect
certain enterers, refiners, terminal
operators, and throughputters.
Current Actions: There is no changes
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
200.
Estimated Time per Response: 7 hrs.
Estimated Total Burden Hours: 1,400.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: January 13, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–01168 Filed 1–19–21; 8:45 am]
BILLING CODE 4830–01–P
VerDate Sep<11>2014
20:44 Jan 19, 2021
Jkt 253001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1099–A
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
Federal agencies to take this
opportunity to comment on proposed
and information collections, as required
by the Paperwork Reduction Act of
1995. The IRS is soliciting comments
concerning Form 1099–A, Acquisition
or Abandonment of Secured Property.
DATES: Written comments should be
received on or before March 22, 2021 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Kinna Brewington, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
Requests for additional information or
copies of the forms and instructions
should be directed to Sara Covington, at
(737) 800–6149, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Acquisition or Abandonment of
Secured Property.
OMB Number: 1545–0877.
Form Number: 1099–A.
Abstract: Form 1099–A is used by
persons who lend money in connection
with a trade or business, and who
acquire an interest in the property that
is security for the loan or who have
reason to know that the property has
been abandoned, to report the
acquisition or abandonment.
Current Actions: There are no changes
being made to the form approved under
this collection. However, changes to the
estimated number of filers (563,000 to
466,000), will result in a total burden
decrease of 15520 (90080 minus 74560).
Type of Review: Revision of a current
OMB approval.
Affected Public: Businesses or other
for-profit organizations.
Estimated Number of Responses:
466,000.
Estimated Time per Response: 9 min.
Estimated Total Annual Burden
Hours: 74,560.
The following paragraph applies to all
of the collections of information covered
by this notice:
SUMMARY:
PO 00000
Frm 00129
Fmt 4703
Sfmt 4703
6417
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record.
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the functions of the agency, including
whether the information shall have
practical utility; (b) the accuracy of the
agency’s estimate of the burden of the
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be collected; (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology;
and (e) estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: January 13, 2021.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2021–01169 Filed 1–19–21; 8:45 am]
BILLING CODE 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
American Federation of Musicians &
Employers 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 American Federation of
Musicians & Employers Pension Fund
has been published on the website of
the Department of the Treasury
(Treasury), and to request public
comments on the application from
SUMMARY:
E:\FR\FM\21JAN1.SGM
21JAN1
6418
Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the American Federation
of Musicians & Employers Pension
Fund.
Comments must be received by
March 8, 2021.
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
jbell on DSKJLSW7X2PROD with NOTICES
DATES:
VerDate Sep<11>2014
20:44 Jan 19, 2021
Jkt 253001
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
information regarding the application
from the American Federation of
Musicians & Employers 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
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00130
Fmt 4703
Sfmt 9990
Corporation (PBGC) and the Department
of Labor.
On December 30, 2020, the American
Federation of Musicians & Employers
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
American Federation of Musicians &
Employers Pension Fund’s application.
Comments are requested from
interested parties, including
participants and beneficiaries, employee
organizations, and contributing
employers of the American Federation
of Musicians & Employers Pension
Fund. Consideration will be given to
any comments that are timely received
by Treasury.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2021–01121 Filed 1–19–21; 8:45 am]
BILLING CODE 4810–25–P
E:\FR\FM\21JAN1.SGM
21JAN1
]]>Agencies
[Federal Register Volume 86, Number 12 (Thursday, January 21, 2021)]
[Notices]
[Pages 6417-6418]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-01121]
-----------------------------------------------------------------------
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 American Federation of Musicians
& Employers 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 American Federation of Musicians & Employers Pension
Fund has been published on the website of the Department of the
Treasury (Treasury), and to request public comments on the application
from
[[Page 6418]]
interested parties, including participants and beneficiaries, employee
organizations, and contributing employers of the American Federation of
Musicians & Employers Pension Fund.
DATES: Comments must be received by March 8, 2021.
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 American Federation of Musicians & Employers
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 December 30, 2020, the American Federation of Musicians &
Employers 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
American Federation of Musicians & Employers Pension Fund's
application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the American Federation of Musicians &
Employers Pension Fund. Consideration will be given to any comments
that are timely received by Treasury.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2021-01121 Filed 1-19-21; 8:45 am]
BILLING CODE 4810-25-P
