80_FR_76980 80 FR 76743 - Multiemployer Pension Plan Application To Reduce Benefits; Reopening of Comment Period

80 FR 76743 - Multiemployer Pension Plan Application To Reduce Benefits; Reopening of Comment Period

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 237 (December 10, 2015)

Page Range76743-76743
FR Document2015-31163

On October 23, 2015, the Department published a notice of availability and request for comments regarding an application to Treasury to reduce benefits under the Central States, Southeast and Southwest Areas Pension Plan in accordance with the Multiemployer Pension Reform Act of 2014 (MPRA). The purpose of this notice is to reopen the comment period and provide more time for interested parties to provide comments.

Federal Register, Volume 80 Issue 237 (Thursday, December 10, 2015) 
[Federal Register Volume 80, Number 237 (Thursday, December 10, 2015)]
[Notices]
[Page 76743]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31163]


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DEPARTMENT OF THE TREASURY

[Docket ID: TREAS-DO-2015-0009]


Multiemployer Pension Plan Application To Reduce Benefits; 
Reopening of Comment Period

AGENCY: Department of the Treasury.

ACTION: Notice of availability; Reopening of comment period.

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SUMMARY: On October 23, 2015, the Department published a notice of 
availability and request for comments regarding an application to 
Treasury to reduce benefits under the Central States, Southeast and 
Southwest Areas Pension Plan in accordance with the Multiemployer 
Pension Reform Act of 2014 (MPRA). The purpose of this notice is to 
reopen the comment period and provide more time for interested parties 
to provide comments.

DATES: Comments must be received on or before February 1, 2016.

ADDRESSES: You may submit comments electronically through the Federal 
eRulemaking Portal at http://www.regulations.gov, in accordance with 
the instructions on that site. Electronic submissions through 
www.regulations.gov are encouraged.
    Comments may also be mailed to the Department of the Treasury, MPRA 
Office, 1500 Pennsylvania Avenue NW., Room 1224, Washington, DC 20220. 
Attn: Deva Kyle. Comments sent via facsimile and 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 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 Board of Trustees of the Central States, Southeast 
and Southwest Areas Pension Plan, please contact Treasury at (202) 622-
1534 (not a toll-free number).

SUPPLEMENTARY INFORMATION: The Multiemployer Pension Reform Act of 2014 
(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 the 
Department of the Treasury (Treasury), in consultation with the Pension 
Benefit Guaranty Corporation (PBGC) and the Secretary of Labor, is 
required to approve or deny.
    On September 25, 2015, the Board of Trustees of the Central States, 
Southeast and Southwest Areas Pension Plan (Central States Pension 
Plan) submitted an application for approval to reduce benefits under 
the Central States Pension Plan. As required by the MPRA, that 
application has been published on Treasury's Web site at http://www.treasury.gov/services/Pages/central-states-application.aspx. On 
October 23, 2015, Treasury published a notice in the Federal Register 
(80 FR 64508), in consultation with PBGC and the Department of Labor, 
to solicit public comments on all aspects of the Central States Pension 
Plan application. The notice provided that comments must be received by 
December 7, 2015.
    This notice announces the reopening the comment period in order to 
give additional time for interested parties to provide comments. 
Comments are requested from interested parties, including contributing 
employers, employee organizations, and participants and beneficiaries 
of the Central States Pension Plan. Consideration will be given to any 
comments that are timely received by Treasury on or before February 1, 
2016.

    Dated: December 7, 2015.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2015-31163 Filed 12-9-15; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 80, No. 237 / Thursday, December 10, 2015 / Notices 76743 Board decisions and notices are FOR FURTHER INFORMATION CONTACT: For DEPARTMENT OF VETERANS available on our Web site at information regarding the application AFFAIRS ‘‘WWW.STB.DOT.GOV.’’ from the Board of Trustees of the Decided: December 7, 2015 Central States, Southeast and Southwest [OMB Control No. 2900–0741] By the Board, Rachel D. Campbell, Areas Pension Plan, please contact Treasury at (202) 622–1534 (not a toll- Proposed Information Collection Director, Office of Proceedings. free number). (Report of Subcontracts to Small and Tia Delano, Veteran-Owned Business—VA0896a) Clearance Clerk. SUPPLEMENTARY INFORMATION: The Activity: Comment Request [FR Doc. 2015–31113 Filed 12–9–15; 8:45 am] Multiemployer Pension Reform Act of BILLING CODE 4915–01–P 2014 (MPRA) amended the Internal AGENCY: The Department of Veterans Revenue Code to permit a Affairs (VA) Office of Small and Disadvantaged Business Utilization multiemployer plan that is projected to DEPARTMENT OF THE TREASURY (OSDBU). have insufficient funds to reduce pension benefits payable to participants ACTION: Notice. [Docket ID: TREAS–DO–2015–0009] and beneficiaries if certain conditions SUMMARY: VA OSDBU, is announcing an Multiemployer Pension Plan are satisfied. In order to reduce benefits, opportunity for public comment on the Application To Reduce Benefits; the plan sponsor is required to submit proposed collection of certain Reopening of Comment Period an application to the Secretary of the information by the agency. Under the AGENCY:Department of the Treasury. Treasury, which the Department of the Paperwork Reduction Act (PRA) of ACTION:Notice of availability; Treasury (Treasury), in consultation 1995, Federal agencies are required to Reopening of comment period. with the Pension Benefit Guaranty publish notice in the Federal Register Corporation (PBGC) and the Secretary of concerning each proposed collection of SUMMARY: On October 23, 2015, the Labor, is required to approve or deny. information, including each proposed Department published a notice of On September 25, 2015, the Board of revision of a currently approved availability and request for comments collection and allow 60 days for public Trustees of the Central States, Southeast regarding an application to Treasury to comment in response to the notice. This and Southwest Areas Pension Plan reduce benefits under the Central States, notice solicits comments on information Southeast and Southwest Areas Pension (Central States Pension Plan) submitted an application for approval to reduce to be collected by VA through the Form Plan in accordance with the 0896A, which intends to gather Multiemployer Pension Reform Act of benefits under the Central States information from prime contractors 2014 (MPRA). The purpose of this Pension Plan. As required by the MPRA, regarding their subcontracts with notice is to reopen the comment period that application has been published on service-disabled Veteran-owned small and provide more time for interested Treasury’s Web site at http:// businesses (SDVOSB) and Veteran- parties to provide comments. www.treasury.gov/services/Pages/ owned small businesses (VOSB). This DATES: Comments must be received on central-states-application.aspx. On collection is in accordance with Public or before February 1, 2016. October 23, 2015, Treasury published a Law 109–461, Title V, Section 502(a)(1), ADDRESSES: You may submit comments notice in the Federal Register (80 FR codified at 38 U.S.C. 8127(a)(4). electronically through the Federal 64508), in consultation with PBGC and DATES: Written comments and eRulemaking Portal at http:// the Department of Labor, to solicit recommendations on the proposed www.regulations.gov, in accordance public comments on all aspects of the collection of information should be with the instructions on that site. Central States Pension Plan application. received on or before February 8, 2016. Electronic submissions through The notice provided that comments ADDRESSES: Submit written comments www.regulations.gov are encouraged. must be received by December 7, 2015. on the collection of information through Comments may also be mailed to the This notice announces the reopening Federal Docket Management System Department of the Treasury, MPRA the comment period in order to give (FDMS) at www.Regulations.gov or to Office, 1500 Pennsylvania Avenue NW., additional time for interested parties to Milagros Ortiz, OSDBU, (OOSB) or Room 1224, Washington, DC 20220. provide comments. Comments are email to: milagros.ortiz@va.gov or phone Attn: Deva Kyle. Comments sent via requested from interested parties, at (202) 461–4279. Please refer to ‘‘OMB facsimile and email will not be including contributing employers, Control No. 2900–0741 (Report of accepted. Additional Instructions. All employee organizations, and Subcontracts to Small and Veteran- comments received, including participants and beneficiaries of the Owned Business—VA0896a)’’ in any attachments and other supporting Central States Pension Plan. correspondence. During the comment materials, will be made available to the Consideration will be given to any period, comments may be viewed online public. Do not include any personally comments that are timely received by through FDMS. identifiable information (such as Social Treasury on or before February 1, 2016. FOR FURTHER INFORMATION CONTACT: Security number, name, address, or Milagros Ortiz, (202) 462–4279–7492 or Dated: December 7, 2015. other contact information) or any other milagros.ortiz@va.gov. David R. Pearl, information in your comment or SUPPLEMENTARY INFORMATION: Under the Executive Secretary, Department of the mstockstill on DSK4VPTVN1PROD with NOTICES supporting materials that you do not PRA of 1995 (Pub. L. 104–13; 44 U.S.C. want publicly disclosed. Treasury will Treasury. 3501–3521), Federal agencies must make comments available for public [FR Doc. 2015–31163 Filed 12–9–15; 8:45 am] obtain approval from the Office of inspection and copying on BILLING CODE 4810–25–P Management and Budget (OMB) for each www.regulations.gov or upon request. collection of information they conduct Comments posted on the Internet can be or sponsor. This request for comment is retrieved by most Internet search being made pursuant to Section engines. 3506(c)(2)(A) of the PRA. VerDate Sep<11>2014 19:33 Dec 09, 2015 Jkt 238001 PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 E:\FR\FM\10DEN1.SGM 10DEN1


Document Created: 2015-12-14 13:28:28
Document Modified: 2015-12-14 13:28:28
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice of availability; Reopening of comment period.
DatesComments must be received on or before February 1, 2016.
ContactFor information regarding the application from the Board of Trustees of the Central States, Southeast and Southwest Areas Pension Plan, please contact Treasury at (202) 622- 1534 (not a toll-free number).
FR Citation80 FR 76743 
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