80_FR_47033 80 FR 46882 - Suspension of Benefits Under the Multiemployer Pension Reform Act of 2014; Correction

80 FR 46882 - 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 Range46882-46882
FR Document2015-19365

This document contains corrections to a notice of proposed rulemaking, notice of proposed rulemaking by cross-reference to temporary regulations, and notice of public hearing (REG-102648-15) that were published in the Federal Register on Friday, June 19, 2015 (80 FR 35262). The proposed 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)]
[Proposed Rules]
[Page 46882]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19365]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-102648-15]
RIN 1545-BM66


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

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to a notice of proposed rulemaking, notice of 
proposed rulemaking by cross-reference to temporary regulations, and 
notice of public hearing.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking, notice of proposed rulemaking by cross-reference to 
temporary regulations, and notice of public hearing (REG-102648-15) 
that were published in the Federal Register on Friday, June 19, 2015 
(80 FR 35262). The proposed 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: Written or electronic comments, and outlines of topics to be 
discussed at the public hearing scheduled for September 10, 2015 for 
the notice of proposed rulemaking at 80 FR 35262, June 19, 2015, are 
still being accepted and must be received by August 18, 2015.

FOR FURTHER INFORMATION CONTACT: Department of the Treasury MPRA 
guidance information line (202) 622-1559 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking, notice of proposed rulemaking by 
cross-reference to temporary regulations, and notice of public hearing 
(REG-102648-15) that are the subject of this correction, are under 
section 432(e)(9) of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking, notice of proposed 
rulemaking by cross-reference to temporary regulations, and notice of 
public hearing (REG-102648-15) contain errors that may prove to be 
misleading and are in need of clarification.

Correction of Publication

    Accordingly, the notice of proposed rulemaking, notice of proposed 
rulemaking by cross-reference to temporary regulations, and notice of 
public hearing (REG-102648-15), that are subject to FR Doc. 2015-14948, 
are corrected as follows:
    1. On page 35264, in the preamble, second column, under paragraph 
heading ``Limitations on Suspensions,'' thirteenth line, the language 
``829 (1974)), as amended (ERISA) on the'' is corrected to read ``829 
(1974)), as amended (ERISA), on the''.
    2. On page 35266, in the preamble, second column, second full 
paragraph, eleventh line, the language ``in the documents under which 
the plain'' is corrected to read ``in the documents under which the 
plan''.
    3. On page 35266, in the preamble, third column, fifth line of the 
first full paragraph, the language ``beneficiaries, or alternate payee 
that'' is corrected to read ``beneficiary, or alternate payee that''.
    4. On page 35266, in the preamble, third column, fifth line from 
the bottom of second full paragraph, the language ``4022A(c)(2)(A) of 
ERISA) by the'' is corrected to read ``4022A(c)(2)(A) of ERISA) divided 
by the''.
    5. On page 35268, in the preamble, second column, first full 
paragraph, twenty-eighth line, the language ``contributions, withdrawal 
liability, or'' is corrected to read ``contributions, withdrawal 
liability payments, or''.
    6. On page 35270, in the preamble, second column, fourth full 
paragraph, fifth line, the language ``(and, if applicable, a proposed 
partition'' is corrected to read ``(and, if applicable, a proposed 
partition of the''.
    7. On page 35271, in the preamble, first column, under paragraph 
heading ``Contact Information,'' on the third line, the language 
``Department of the Treasury at (202)'' is corrected to read 
``Department of the Treasury MPRA guidance information line at (202)''.


Sec.  1.432(e)(9)-1  [Corrected]

    8. On page 35274, first column, paragraph (d)(3)(viii), Example 1., 
paragraph (ii), the sixth line, the language ``equal to the lesser of 
reduction that would'' is corrected to read ``equal to the lesser of 
the amount of reduction that would''.
    9. On page 35274, second column, paragraph (d)(3)(viii), Example 
3., paragraph (iii), the thirteenth line, the language ``(which is 
equal to the lesser of reduction that'' is corrected to read ``(which 
is equal to the lesser of the amount of reduction that''.
    10. On page 35274, second column, paragraph (d)(3)(viii), Example 
3., paragraph (iii), eighteenth line, the language ``1.1 x 639.50)).'' 
is corrected to read ``1.1 x $639.50))''.
    11. On page 35274, third column, paragraph (d)(3)(viii), Example 
4., paragraph (ii), third line from the bottom of the paragraph, the 
language ``be less than minimum benefit payable'' is corrected to read 
``be less than the minimum benefit payable''.
    12. On page 35274, third column, paragraph (d)(4)(i), second line, 
the language ``General rule [The text of the proposed'' is corrected to 
read ``General rule. [The text of the proposed''.
    13. On page 35276, second column, paragraph (d)(5)(iv)(C)(1), 
second line, the language ``of end of the most recent calendar'' is 
corrected to read ``of the end of the most recent calendar''.
    14. On page 35280, second column, paragraph (h)(3)(i)(J), fifth 
line, the language ``(and, if applicable, a proposed partition'' is 
corrected to read ``(and, if applicable, a proposed partition of the''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2015-19365 Filed 8-5-15; 8:45 am]
 BILLING CODE 4830-01-P

46882 Federal Register / Vol. 80, No. 151 / Thursday, August 6, 2015 / Proposed Rules in order to maintain air flow within the the public hearing scheduled for is corrected to read ‘‘contributions, required tolerance; however, no adjustments September 10, 2015 for the notice of withdrawal liability payments, or’’. to the unit under test may be made. proposed rulemaking at 80 FR 35262, (7) Condenser head pressure controls. 6. On page 35270, in the preamble, June 19, 2015, are still being accepted second column, fourth full paragraph, Condenser head pressure controls of commercial unitary air conditioners and and must be received by August 18, fifth line, the language ‘‘(and, if commercial unitary heat pumps, if typically 2015. applicable, a proposed partition’’ is shipped with units of the basic model by the FOR FURTHER INFORMATION CONTACT: corrected to read ‘‘(and, if applicable, a manufacturer or available as an option to the Department of the Treasury MPRA proposed partition of the’’. basic model, must be active during testing. (8) Standard CFM. In the referenced guidance information line (202) 622– 7. On page 35271, in the preamble, sections of ANSI/AHRI 340/360–2007 for 1559 (not a toll-free number). first column, under paragraph heading commercial unitary air conditioners and SUPPLEMENTARY INFORMATION: ‘‘Contact Information,’’ on the third commercial unitary heat pumps, all instances line, the language ‘‘Department of the of CFM refer to standard CFM (SCFM). Background Treasury at (202)’’ is corrected to read Likewise, all references to airflow or air The notice of proposed rulemaking, ‘‘Department of the Treasury MPRA quantity refer to standard airflow and notice of proposed rulemaking by cross- guidance information line at (202)’’. standard air quantity. reference to temporary regulations, and (9) Capacity rating at part-load. When § 1.432(e)(9)–1 [Corrected] testing commercial unitary air conditioners notice of public hearing (REG–102648– and commercial unitary heat pumps to 15) that are the subject of this 8. On page 35274, first column, determine EER for the part-load rating points correction, are under section 432(e)(9) of paragraph (d)(3)(viii), Example 1., (i.e. 75 percent load, 50 percent load, and 25 the Internal Revenue Code. paragraph (ii), the sixth line, the percent load), if the measured capacity language ‘‘equal to the lesser of expressed as a percent of full load capacity Need for Correction reduction that would’’ is corrected to for a given part-load test is within three As published, the notice of proposed read ‘‘equal to the lesser of the amount percent above or below the target part-load rulemaking, notice of proposed percentage, the EER calculated for the test of reduction that would’’. rulemaking by cross-reference to may be used without any interpolation to temporary regulations, and notice of 9. On page 35274, second column, determine IEER. paragraph (d)(3)(viii), Example 3., public hearing (REG–102648–15) [FR Doc. 2015–19232 Filed 8–5–15; 8:45 am] contain errors that may prove to be paragraph (iii), the thirteenth line, the BILLING CODE 6450–01–P misleading and are in need of language ‘‘(which is equal to the lesser clarification. of reduction that’’ is corrected to read ‘‘(which is equal to the lesser of the Correction of Publication amount of reduction that’’. DEPARTMENT OF THE TREASURY Accordingly, the notice of proposed 10. On page 35274, second column, Internal Revenue Service rulemaking, notice of proposed paragraph (d)(3)(viii), Example 3., rulemaking by cross-reference to paragraph (iii), eighteenth line, the 26 CFR Part 1 temporary regulations, and notice of language ‘‘1.1 × 639.50)).’’ is corrected [REG–102648–15] public hearing (REG–102648–15), that to read ‘‘1.1 × $639.50))’’. are subject to FR Doc. 2015–14948, are 11. On page 35274, third column, RIN 1545–BM66 corrected as follows: paragraph (d)(3)(viii), Example 4., 1. On page 35264, in the preamble, paragraph (ii), third line from the Suspension of Benefits Under the second column, under paragraph Multiemployer Pension Reform Act of bottom of the paragraph, the language heading ‘‘Limitations on Suspensions,’’ ‘‘be less than minimum benefit payable’’ 2014; Correction thirteenth line, the language ‘‘829 is corrected to read ‘‘be less than the AGENCY: Internal Revenue Service (IRS), (1974)), as amended (ERISA) on the’’ is minimum benefit payable’’. Treasury. corrected to read ‘‘829 (1974)), as amended (ERISA), on the’’. 12. On page 35274, third column, ACTION: Correction to a notice of 2. On page 35266, in the preamble, paragraph (d)(4)(i), second line, the proposed rulemaking, notice of second column, second full paragraph, language ‘‘General rule [The text of the proposed rulemaking by cross-reference eleventh line, the language ‘‘in the proposed’’ is corrected to read ‘‘General to temporary regulations, and notice of documents under which the plain’’ is rule. [The text of the proposed’’. public hearing. corrected to read ‘‘in the documents 13. On page 35276, second column, SUMMARY: This document contains under which the plan’’. paragraph (d)(5)(iv)(C)(1), second line, corrections to a notice of proposed 3. On page 35266, in the preamble, the language ‘‘of end of the most recent rulemaking, notice of proposed third column, fifth line of the first full calendar’’ is corrected to read ‘‘of the rulemaking by cross-reference to paragraph, the language ‘‘beneficiaries, end of the most recent calendar’’. temporary regulations, and notice of or alternate payee that’’ is corrected to 14. On page 35280, second column, public hearing (REG–102648–15) that read ‘‘beneficiary, or alternate payee paragraph (h)(3)(i)(J), fifth line, the were published in the Federal Register that’’. language ‘‘(and, if applicable, a on Friday, June 19, 2015 (80 FR 35262). 4. On page 35266, in the preamble, proposed partition’’ is corrected to read The proposed regulations relate to third column, fifth line from the bottom mstockstill on DSK4VPTVN1PROD with PROPOSALS ‘‘(and, if applicable, a proposed multiemployer pension plans that are of second full paragraph, the language partition of the’’. projected to have insufficient funds, at ‘‘4022A(c)(2)(A) of ERISA) by the’’ is some point in the future, to pay the full corrected to read ‘‘4022A(c)(2)(A) of Martin V. Franks, benefits to which individuals will be ERISA) divided by the’’. Chief, Publications and Regulations Branch, entitled under the plans (referred to as 5. On page 35268, in the preamble, Legal Processing Division, Associate Chief plans in ‘‘critical and declining status’’). second column, first full paragraph, Counsel (Procedure and Administration). DATES: Written or electronic comments, twenty-eighth line, the language [FR Doc. 2015–19365 Filed 8–5–15; 8:45 am] and outlines of topics to be discussed at ‘‘contributions, withdrawal liability, or’’ BILLING CODE 4830–01–P VerDate Sep<11>2014 16:37 Aug 05, 2015 Jkt 235001 PO 00000 Frm 00030 Fmt 4702 Sfmt 9990 E:\FR\FM\06AUP1.SGM 06AUP1


Document Created: 2018-02-23 10:55:48
Document Modified: 2018-02-23 10:55:48
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionCorrection to a notice of proposed rulemaking, notice of proposed rulemaking by cross-reference to temporary regulations, and notice of public hearing.
DatesWritten or electronic comments, and outlines of topics to be discussed at the public hearing scheduled for September 10, 2015 for the notice of proposed rulemaking at 80 FR 35262, June 19, 2015, are still being accepted and must be received by August 18, 2015.
ContactDepartment of the Treasury MPRA guidance information line (202) 622-1559 (not a toll-free number).
FR Citation80 FR 46882 
RIN Number1545-BM66
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