80 FR 46795 - Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Correction

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 151 (August 6, 2015)

Page Range		46795-46796
FR Document		2015-19366

This document contains corrections to temporary regulations (TD 9723) that were published in the Federal Register on Friday, June 19, 2015 (80 FR 35207). The temporary regulations relate to multiemployer pension plans that are projected to have insufficient funds, at some point in the future, to pay the full benefits to which individuals will be entitled under the plans (referred to as plans in ``critical and declining status'').

Federal Register, Volume 80 Issue 151 (Thursday, August 6, 2015)

[Federal Register Volume 80, Number 151 (Thursday, August 6, 2015)]
[Rules and Regulations]
[Pages 46795-46796]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19366]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1 and 602

[TD 9723]
RIN 1545-BM73


Suspension of Benefits Under the Multiemployer Pension Reform Act 
of 2014; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Temporary regulations; correction.

-----------------------------------------------------------------------

SUMMARY: This document contains corrections to temporary regulations 
(TD 9723) that were published in the Federal Register on Friday, June 
19, 2015 (80 FR 35207). The temporary regulations relate to 
multiemployer pension plans that are projected to have insufficient 
funds, at some point in the future, to pay the full benefits to which 
individuals will be entitled under the plans (referred to as plans in 
``critical and declining status'').

DATES: This correction is effective August 6, 2015 and applicable June 
19, 2015.

FOR FURTHER INFORMATION CONTACT: Department of the Treasury MPRA

[[Page 46796]]

guidance information line at (202) 622-1559 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The temporary regulations (TD 9723) that are the subject of this 
correction are under section 432(e)(9) of the Internal Revenue Code.

Need for Correction

    As published, the temporary regulations (TD 9723) contain errors 
that may prove to be misleading and are in need of clarification.

Correction of Publication

0
Accordingly, the temporary regulations (TD 9723), that are subject to 
FR Doc. 2015-14945, are corrected as follows:
0
1. On page 35207, in the preamble, third column, third line, under 
paragraph heading ``Paperwork Reduction Act,'' the language ``procedure 
pursuant to the'' is corrected to read ``comment pursuant to the''.
0
2. On page 35210, in the preamble, second column, ninth line, under 
paragraph heading ``Suspension Applications,'' the language ``is 
eligible for the suspensions and has'' is corrected to read ``is 
eligible for the suspension and has''.
0
3. On page 35215, in the preamble, third column, third line, under 
paragraph heading ``Contact Information,'' the language ``Department of 
the Treasury at (202)'' is corrected to read ``Department of the 
Treasury MPRA guidance information line at (202)''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-19366 Filed 8-5-15; 8:45 am]
BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Rules and Regulations 46795

determinations in which the complete Dated: July 31, 2015. PART 1—INCOME TAXES
initial questionnaire has not been issued Ronald K. Lorentzen
as of August 6, 2015. Acting Assistant Secretary for Enforcement ■ Paragraph 1. The authority citation
The second part of Section 505 and Compliance. for part 1 continues to read in part as
amends Section 773(c)(5) of the Tariff [FR Doc. 2015–19353 Filed 8–5–15; 8:45 am] follows:
Act of 1930, 19 U.S.C. 1673b(c)(5), to BILLING CODE 3510–DS–P Authority: 26 U.S.C. 7805 * * *
permit the Department to disregard ■ Par. 2. Section 1.432(e)(9)–1T is
price or cost values without further amended by revising the first sentence
investigation if it has determined that of paragraph (g)(1)(v) to read as follows:
certain subsidies have existed with DEPARTMENT OF THE TREASURY
respect to those values, or if those price § 1.432(e)(9)–1T Benefit suspensions for
Internal Revenue Service multiemployer plans in critical and
or cost values were subject to an AD
declining status (temporary).
order. This amendment clarifies the 26 CFR Part 1
Department’s authority for its existing * * * * *
practice, and does not impose any new (g) * * *
[TD 9723] (1) * * *
requirements on the parties to AD
proceedings that would require them to (v) * * * An application for
submit additional information or RIN 1545–BM73 suspension that is not submitted in
argument. Accordingly, we will apply combination with an application to
Suspension of Benefits Under the PBGC for a plan partition under section
this provision to determinations made Multiemployer Pension Reform Act of
on or after August 6, 2015. 4233 of ERISA generally will not be
2014; Correction accepted unless the proposed effective
Section 506 of the Act amends date of the suspension is at least nine
Section 782(a) of the Tariff Act of 1930, AGENCY: Internal Revenue Service (IRS),
Treasury. months from the date on which the
19 U.S.C. 1677m(a), to identify the application is submitted. * * *
factors that the Department may take ACTION: Correcting amendment.
into account in determining whether Martin V. Franks,
accepting voluntary responses would be SUMMARY: This document contains Chief, Publications and Regulations Branch,
unduly burdensome. This amendment corrections to temporary regulations (TD Legal Processing Division, Associate Chief
compliments the Department’s 9723) that were published in the Counsel (Procedure and Administration).
voluntary respondent analysis and does Federal Register on Friday, June 19, [FR Doc. 2015–19364 Filed 8–5–15; 8:45 am]
2015 (80 FR 35207). The temporary BILLING CODE 4830–01–P
not require parties to AD and CVD
regulations relate to multiemployer
proceedings to submit additional
pension plans that are projected to have
information or argument. Accordingly,
insufficient funds, at some point in the DEPARTMENT OF THE TREASURY
we will apply this provision to
future, to pay the full benefits to which
determinations made on or after August Internal Revenue Service
individuals will be entitled under the
6, 2015. plans (referred to as plans in ‘‘critical
Classification and declining status’’). 26 CFR Parts 1 and 602
DATES: This correction is effective [TD 9723]
Pursuant to 5 U.S.C. 553(b)(A), notice August 6, 2015 and applicable June 19,
and comment are not required for this RIN 1545–BM73
2015.
rule because its intent is to interpret the
FOR FURTHER INFORMATION CONTACT: Suspension of Benefits Under the
Trade Preferences Extension Act to
Department of the Treasury MPRA Multiemployer Pension Reform Act of
apply as explained above and to provide
guidance information line at (202) 622– 2014; Correction
notice to the public. This interpretation
1559 (not a toll-free number).
is meant to lend clarity to the statutory AGENCY: Internal Revenue Service (IRS),
terms and will reduce or eliminate any SUPPLEMENTARY INFORMATION:
Treasury.
possible confusion about the application Background ACTION: Temporary regulations;
of the Act without creating any new correction.
law, rights or duties. See General Motors The temporary regulations (TD 9723)
that are the subject of this correction are SUMMARY: This document contains
Corp. v. Ruckelshaus, 742 F.2d 1561,
under section 432(e)(9) of the Internal corrections to temporary regulations (TD
1565 (D.C. Cir. 1984) (en banc) (finding
Revenue Code. 9723) that were published in the
that EPA’s rule was interpretive because
‘‘the agency regarded its rule as Need for Correction Federal Register on Friday, June 19,
interpretive’’; ‘‘[its] entire justification 2015 (80 FR 35207). The temporary
As published, the temporary
for the rule is comprised of reasoned regulations relate to multiemployer
regulations (TD 9723) contain an error
statutory interpretation, with reference pension plans that are projected to have
that may prove to be misleading and are
to the language, purpose and legislative insufficient funds, at some point in the
in need of clarification.
history of the [provision]’’; and ‘‘most future, to pay the full benefits to which
importantly, the rule did not create any List of Subjects in 26 CFR Part 1 individuals will be entitled under the
mstockstill on DSK4VPTVN1PROD with RULES

new rights or duties . . .’’). Because plans (referred to as plans in ‘‘critical
Income taxes, Reporting and
notice and an opportunity for comment and declining status’’).
recordkeeping requirements.
are not required, no regulatory DATES: This correction is effective
flexibility analysis is required and none Correction of Publication August 6, 2015 and applicable June 19,
has been prepared. The rule has been Accordingly, 26 CFR part 1 is 2015.
determined to be not significant for amended by making the following FOR FURTHER INFORMATION CONTACT:
purposes of Executive Order 12866. correcting amendments: Department of the Treasury MPRA

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46796 Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Rules and Regulations

guidance information line at (202) 622– ACTION: Interim final rule. viewing on the Internet at http://
1559 (not a toll-free number). www.regulations.gov as they are
SUMMARY: This interim final rule received without change, including any
SUPPLEMENTARY INFORMATION:
implements Section 702 (c) of the Carl personal identifiers or contact
Background Levin and Howard P. ‘‘Buck’’ McKeon information.
National Defense Authorization Act for
The temporary regulations (TD 9723) FOR FURTHER INFORMATION CONTACT: Dr.
Fiscal Year 2015 which states that
that are the subject of this correction are George Jones, Chief, Pharmacy
beginning October 1, 2015, the
under section 432(e)(9) of the Internal Operations Division, Defense Health
pharmacy benefits program shall require
Revenue Code. Agency, telephone 703–681–2890.
eligible covered beneficiaries generally
Need for Correction to refill non-generic prescription SUPPLEMENTARY INFORMATION:
maintenance medications through
As published, the temporary A. Executive Summary
military treatment facility pharmacies or
regulations (TD 9723) contain errors that
the national mail-order pharmacy 1. Purpose
may prove to be misleading and are in
program. Section 702(c) of the National
need of clarification. The legal authority for this rule is
Defense Authorization Act for Fiscal
Correction of Publication Year 2015 also terminates the TRICARE Section 702 of the National Defense
For Life Pilot Program on September 30, Authorization Act for Fiscal Year 2015.
■ Accordingly, the temporary 2015. The TRICARE For Life Pilot This interim final rule implements
regulations (TD 9723), that are subject to Program described in Section 716 (f) of Section 702 (c) of the Carl Levin and
FR Doc. 2015–14945, are corrected as the National Defense Authorization Act Howard P. ‘‘Buck’’ McKeon National
follows: for Fiscal Year 2013, was a pilot Defense Authorization Act for Fiscal
■ 1. On page 35207, in the preamble, program which began in March 2014 Year 2015 which states that beginning
third column, third line, under requiring TRICARE For Life October 1, 2015, the pharmacy benefits
paragraph heading ‘‘Paperwork beneficiaries to refill non-generic program shall require eligible covered
Reduction Act,’’ the language prescription maintenance medications beneficiaries generally to refill non-
‘‘procedure pursuant to the’’ is corrected through military treatment facility generic prescription maintenance
to read ‘‘comment pursuant to the’’. pharmacies or the national mail-order medications through military treatment
■ 2. On page 35210, in the preamble, pharmacy program. TRICARE for Life facility pharmacies or the national mail-
second column, ninth line, under beneficiaries are those enrolled in the order pharmacy program. Eligible
paragraph heading ‘‘Suspension Medicare wraparound coverage option covered beneficiaries are defined in
Applications,’’ the language ‘‘is eligible of the TRICARE program. This interim sections 1072 (5) and 1086 of title 10,
for the suspensions and has’’ is rule includes procedures to assist United States Code.
corrected to read ‘‘is eligible for the beneficiaries in transferring covered
suspension and has’’. 2. Summary of the Major Provisions of
prescriptions to the mail order
■ 3. On page 35215, in the preamble, the Interim Final Rule
pharmacy program. This regulation is
third column, third line, under being issued as an interim final rule in TRICARE beneficiaries are generally
paragraph heading ‘‘Contact order to comply with the express required to obtain all prescription refills
Information,’’ the language ‘‘Department statutory intent that the program begin for select non-generic maintenance
of the Treasury at (202)’’ is corrected to October 1, 2015. Public comments, medications from the TRICARE mail
read ‘‘Department of the Treasury however, are invited and will be order program (where beneficiary
MPRA guidance information line at considered for possible revisions to this copayments are much lower than in
(202)’’. rule for the second year of the program. retail pharmacies) or military treatment
Martin V. Franks, DATES: This rule is effective August 6, facilities (where there are no
2015. Written comments received at the copayments). Covered maintenance
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief address indicated below by October 5, medications are those prescribed for
Counsel (Procedure and Administration). 2015 will be considered and addressed chronic, long-term conditions that are
[FR Doc. 2015–19366 Filed 8–5–15; 8:45 am] in the final rule. taken on a regular, recurring basis, but
ADDRESSES: You may submit comments, do not include medications to treat
BILLING CODE 4830–01–P
identified by docket number and/or acute conditions. TRICARE will follow
Regulatory Information Number (RIN) best commercial practices, including
number and title, by any of the that beneficiaries will be notified of the
DEPARTMENT OF DEFENSE new rules and mechanisms to allow
following methods:
Federal eRulemaking Portal: http:// them to receive adequate medication
Office of the Secretary
www.regulations.gov. Follow the during their transition to mail for their
instructions for submitting comments. refills. The statute and rule authorize a
32 CFR Part 199
Mail: Department of Defense, Office of waiver of the mail order requirement
[Docket ID: DOD–2015–HA–0062] the Deputy Chief Management Officer, based on patient needs and other
Directorate for Oversight and appropriate circumstances.
RIN 0720–AB64
Compliance, Regulatory and Audit
3. Costs and Benefits
Civilian Health and Medical Program of Matters Office, 9010 Defense Pentagon,
the Uniformed Services (CHAMPUS)/ Washington, DC 20301–9010. The effect of the statutory
mstockstill on DSK4VPTVN1PROD with RULES

TRICARE: Refills of Maintenance Instructions: All submissions received requirement, implemented by this rule,
Medications Through Military must include the agency name and is to shift a volume of prescriptions
Treatment Facility Pharmacies or docket number or RIN for this Federal from retail pharmacies to the mail order
National Mail Order Pharmacy Program Register document. The general policy pharmacy program. This will produce
for comments and other submissions savings to the Department of
AGENCY:Office of the Secretary, from members of the public is to make approximately $88M per year and
Department of Defense (DoD). these submissions available for public savings to beneficiaries of

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Document Created: 2018-02-23 10:55:27
Document Modified: 2018-02-23 10:55:27

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Rules and Regulations
Action		Temporary regulations; correction.
Dates		This correction is effective August 6, 2015 and applicable June 19, 2015.
Contact		Department of the Treasury MPRA guidance information line at (202) 622-1559 (not a toll-free number).
FR Citation		80 FR 46795
RIN Number		1545-BM73
CFR Citation		26 CFR 1 26 CFR 602

80 FR 46795 - Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Correction

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 151 (August 6, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service