Multiemployer Pension Plan Application To Reduce Benefits, 16659 [2021-06267]

Download as PDF 16659 Federal Register / Vol. 86, No. 59 / Tuesday, March 30, 2021 / 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 Warehouse Employees Union Local No. 730 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 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 May 14, 2021. 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 SUMMARY: 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 February 26, 2021, 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- SUPPLEMENTARY INFORMATION: multiemployer-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 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. Mark J. Mazur, Deputy Assistant Secretary for Tax Policy. [FR Doc. 2021–06267 Filed 3–26–21; 11:15 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: Charter renewed on Committee name Committee description Department of Veterans Affairs Voluntary Service National Advisory Committee. Provides advice on the coordination and promotion of volunteer activities within VA health care facilities, and on other matters relating to volunteerism. The Secretary has also renewed the charter for the following statutorily authorized Federal advisory committee jbell on DSKJLSW7X2PROD 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 a two-year period, beginning on the date listed below: Charter renewed on Committee name Committee description Research Advisory Committee on Gulf War Veterans’ Illnesses. Provides advice on proposed research studies, plans, and strategies related understanding and treating the health consequences of military service in the Southwest Asia theater of operations during the 1990–1991 Gulf War (Operations Desert Shield and Desert Storm). VerDate Sep<11>2014 17:59 Mar 29, 2021 Jkt 253001 March 2, 2021. PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 E:\FR\FM\30MRN1.SGM 30MRN1 January 12, 2021.

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[Federal Register Volume 86, Number 59 (Tuesday, March 30, 2021)]
[Notices]
[Page 16659]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-06267]



[[Page 16659]]

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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 Warehouse Employees Union Local 
No. 730 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 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 May 14, 2021.

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 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 February 26, 2021, 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. 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.

Mark J. Mazur,
Deputy Assistant Secretary for Tax Policy.
[FR Doc. 2021-06267 Filed 3-26-21; 11:15 am]
BILLING CODE 4810-25-P