Multiemployer Pension Plan Application To Reduce Benefits, 13788-13789 [2021-05002]

Download as PDF 13788 Federal Register / Vol. 86, No. 45 / Wednesday, March 10, 2021 / Notices Dated: March 2, 2021. Bradley T. Smith, Acting Director, Office of Foreign Assets Control, U.S. Department of the Treasury. BILLING CODE 4810–AL–P DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits On October 27, 2020, the Department of the Treasury (Treasury) published a notice of availability and request for comments regarding an 17:22 Mar 09, 2021 Jkt 253001 The Specially Designated Nationals and Blocked Persons List and additional Treasury is reopening the comment period for the notice regarding the Fund entitled ‘‘Multiemployer Pension Plan Application to Reduce Benefits Comments,’’ which was published in the Federal Register on October 27, 2020, (85 FR 68120). Treasury will accept comments received on this notice on or before April 9, 2021. DATES: Department of the Treasury. ACTION: Notice and request for comment; reopening of comment period. AGENCY: VerDate Sep<11>2014 Electronic Availability application to Treasury to reduce benefits under the Carpenters Pension Trust Fund-Detroit & Vicinity Pension Fund (Fund), in accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this notice is to reopen the comment period for the Fund’s application and provide more time for interested parties to provide comments. [FR Doc. 2021–04985 Filed 3–9–21; 8:45 am] SUMMARY: 202–622–2480; Associate Director for Global Targeting, tel.: 202–622–2420; Assistant Director for Licensing, tel.: 202–622–2480; Assistant Director for Regulatory Affairs, tel.: 202–622–4855; or the Assistant Director for Sanctions Compliance & Evaluation, tel.: 202–622– 2490. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 information concerning OFAC sanctions programs are available on OFAC’s website (www.treasury.gov/ofac). Notice of OFAC Actions On March 2, 2021, OFAC determined that the property and interests in property subject to U.S. jurisdiction of the following persons are blocked under the relevant sanctions authorities listed below. 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 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, telephone, or email will not be accepted. ADDRESSES: E:\FR\FM\10MRN1.SGM 10MRN1 EN10MR21.001</GPH> Nationals and Blocked Persons List (SDN List) based on OFAC’s determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. DATES: See SUPPLEMENTARY INFORMATION section for effective date(s). FOR FURTHER INFORMATION CONTACT: OFAC: Andrea M. Gacki, Director, tel.: Federal Register / Vol. 86, No. 45 / Wednesday, March 10, 2021 / Notices 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 information regarding the application from the 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 Corporation (PBGC) and the Department of Labor. On September 29, 2020, the 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. On October 27, 2020, Treasury published a notice in the Federal Register (85 FR 68120), in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Fund’s application. The comment period in the notice published on October 27, 2020, closed on December 11, 2020. This notice announces the reopening of the comment period on the Fund’s application with respect to the notice published on October 27, 2020, until April 9, 2021, in order to give additional time for interested parties to provide comments. SUPPLEMENTARY INFORMATION: Mark J. Mazur, Deputy Assistant Secretary for Tax Policy. [FR Doc. 2021–05002 Filed 3–9–21; 8:45 am] BILLING CODE 4810–AK–P VerDate Sep<11>2014 17:22 Mar 09, 2021 Jkt 253001 DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0386] Agency Information Collection Activity: Interest Rate Reduction Refinancing Loan Worksheet Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: Veterans Benefits Administration, Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice. DATES: Written comments and recommendations on the proposed collection of information should be received on or before May 10, 2021. ADDRESSES: Submit written comments on the collection of information through Federal Docket Management System (FDMS) at www.Regulations.gov or to Nancy J. Kessinger, Veterans Benefits Administration (20M33), Department of Veterans Affairs, 810 Vermont Avenue NW, Washington, DC 20420 or email to nancy.kessinger@va.gov. Please refer to ‘‘OMB Control No. 2900–0386’’ in any correspondence. During the comment period, comments may be viewed online through FDMS. FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise and Integration, Data Governance Analytics (008), 1717 H Street NW, Washington, DC 20006, (202) 266–4688 or email maribel.aponte@va.gov. Please refer to ‘‘OMB Control No. 2900–0386’’ in any correspondence. SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. This request for comment is being made pursuant to Section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, VBA invites comments on: (1) Whether the proposed collection of information is necessary for the proper performance of VBA’s functions, including whether the information will have practical utility; (2) the accuracy of VBA’s estimate of the SUMMARY: PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 13789 burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Authority: Public Law 104–13; 44 U.S.C. 3501–3521. Title: Interest Rate Reduction Refinancing Loan Worksheet (VA 26– 8923). OMB Control Number: 2900–0386. Type of Review: Extension of a currently approved collection. Abstract: The major use of this form is to determine Veterans eligible for an exception to pay a funding fee in connection with a VA-guaranteed loan. Lenders are required to complete VA Form 26–8923 on all interest rate reduction refinancing loans and submit the form to the Veteran no later than the third business day after receiving the Veteran’s application. Affected Public: Individuals and households. Estimated Annual Burden: 156,685 hours. Estimated Average Burden per Respondent: 30 minutes. Frequency of Response: Frequency of response is generally one time per IRRRL. Estimated Number of Respondents: 662,065. By direction of the Secretary. Maribel Aponte, VA PRA Clearance Officer, Office of Enterprise and Integration/Data Governance Analytics, Department of Veterans Affairs. [FR Doc. 2021–04895 Filed 3–9–21; 8:45 am] BILLING CODE 8320–01–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0094] Agency Information Collection Activity: Supplement to VA Forms 21– 526EZ, 21P–534EZ, and 21P–535 (For Philippine Claims) Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: Veterans Benefits Administration, Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the SUMMARY: E:\FR\FM\10MRN1.SGM 10MRN1

Agencies

[Federal Register Volume 86, Number 45 (Wednesday, March 10, 2021)]
[Notices]
[Pages 13788-13789]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-05002]


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DEPARTMENT OF THE TREASURY


Multiemployer Pension Plan Application To Reduce Benefits

AGENCY: Department of the Treasury.

ACTION: Notice and request for comment; reopening of comment period.

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SUMMARY: On October 27, 2020, the Department of the Treasury (Treasury) 
published a notice of availability and request for comments regarding 
an application to Treasury to reduce benefits under the Carpenters 
Pension Trust Fund-Detroit & Vicinity Pension Fund (Fund), in 
accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). 
The purpose of this notice is to reopen the comment period for the 
Fund's application and provide more time for interested parties to 
provide comments.

DATES: Treasury is reopening the comment period for the notice 
regarding the Fund entitled ``Multiemployer Pension Plan Application to 
Reduce Benefits Comments,'' which was published in the Federal Register 
on October 27, 2020, (85 FR 68120). Treasury will accept comments 
received on this notice on or before April 9, 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 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, telephone, or email 
will not be accepted.

[[Page 13789]]

    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 September 29, 2020, the 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. On October 27, 2020, 
Treasury published a notice in the Federal Register (85 FR 68120), in 
consultation with PBGC and the Department of Labor, to solicit public 
comments on all aspects of the Fund's application. The comment period 
in the notice published on October 27, 2020, closed on December 11, 
2020.
    This notice announces the reopening of the comment period on the 
Fund's application with respect to the notice published on October 27, 
2020, until April 9, 2021, in order to give additional time for 
interested parties to provide comments.

Mark J. Mazur,
Deputy Assistant Secretary for Tax Policy.
[FR Doc. 2021-05002 Filed 3-9-21; 8:45 am]
BILLING CODE 4810-AK-P
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