81 FR 4740 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 17 (January 27, 2016)

Page Range		4740-4741
FR Document		2016-01616

The Board of Trustees of the Teamsters Local Union No. 469 Pension Plan (Teamsters Local 469 Pension Plan), a multiemployer pension plan, has submitted an application to Treasury 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 Teamsters Local 469 Pension Plan has been published on the Web site of the Department of the Treasury (Treasury), and to request public comments on the application from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Teamsters Local 469 Pension Plan.

Federal Register, Volume 81 Issue 17 (Wednesday, January 27, 2016)

[Federal Register Volume 81, Number 17 (Wednesday, January 27, 2016)]
[Notices]
[Pages 4740-4741]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2016-01616]

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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 Teamsters Local Union No. 469
Pension Plan (Teamsters Local 469 Pension Plan), a multiemployer
pension plan, has submitted an application to Treasury 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
Teamsters Local 469 Pension Plan has been published on the Web site of
the Department of the Treasury (Treasury), and to request public
comments on the application from interested parties, including
contributing employers, employee organizations, and participants and
beneficiaries of the Teamsters Local 469 Pension Plan.

DATES: Comments must be received by March 14, 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 Teamsters Local 469
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 Treasury,
in consultation with the Pension Benefit Guaranty Corporation (PBGC)
and the Department of Labor, is required to approve or deny.
On December 28, 2015, the Board of Trustees of the Teamsters Local
469 Pension Plan submitted an application for approval to reduce
benefits under the plan. As required by MPRA, that application has been
published on Treasury's Web site at https://www.treasury.gov/services/Pages/Plan-Applications.aspx. 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 Teamsters Local
469 Pension Plan application.
Comments are requested from interested parties, including
contributing employers, employee organizations, and participants and
beneficiaries of the Teamsters Local 469 Pension Plan. Consideration
will be given to any comments that are timely received by Treasury.

[[Page 4741]]

Dated: January 21, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-01616 Filed 1-26-16; 8:45 am]
BILLING CODE 4810-25-P

Federal Register / Vol. 81, No. 17 / Wednesday, January 27, 2016 / Notices 4741

Dated: January 21, 2016. with the Federal Advisory Committee Dated: January 20, 2016.
David R. Pearl, Act, 5 U.S.C. App. 2, 10(a)(2), through Barbara Shycoff,
Executive Secretary, Department of the implementing regulations at 41 CFR Chief of External Affairs.
Treasury. 102–3.150, et seq. [FR Doc. 2016–01619 Filed 1–26–16; 8:45 am]
[FR Doc. 2016–01616 Filed 1–26–16; 8:45 am] Public Comment: Members of the BILLING CODE P
BILLING CODE 4810–25–P public wishing to comment on the
business of the Financial Research
Advisory Committee are invited to
DEPARTMENT OF THE TREASURY submit written statements by any of the UNITED STATES SENTENCING
following methods: COMMISSION
Open Meeting of the Financial
Research Advisory Committee • Electronic Statements. Email the Sentencing Guidelines for United
Committee’s Designated Federal Officer States Courts
AGENCY: Office of Financial Research, at OFR_FRAC@ofr.treasury.gov.
Department of the Treasury. AGENCY: United States Sentencing
• Paper Statements. Send paper Commission.
ACTION: Notice of open meeting.
statements in triplicate to the Financial
ACTION: Notice of submission to
SUMMARY: The Financial Research Research Advisory Committee, Attn:
Susan Stiehm, Office of Financial Congress of amendment to the
Advisory Committee for the Treasury’s sentencing guidelines effective August
Office of Financial Research (OFR) is Research, Department of the Treasury,
1500 Pennsylvania Avenue NW., 1, 2016.
convening for its seventh meeting on
Thursday, February 25, 2016, in the Washington, DC 20220. SUMMARY: Pursuant to its authority
Cash Room, Main Treasury Building, The OFR will post statements on the under 28 U.S.C. 994(p), the Commission
1500 Pennsylvania Avenue NW., Committee’s Web site, http:// has promulgated an amendment to the
Washington, DC 20220, beginning at www.financialresearch.gov, including Guidelines Manual. This notice sets
9:15 a.m. Eastern Time. The meeting any business or personal information forth the amendment and the reason for
will be open to the public via live provided, such as names, addresses, the amendment.
webcast at http:// email addresses, or telephone numbers. DATES: The Commission has specified
www.financialresearch.gov and limited The OFR will also make such statements an effective date of August 1, 2016, for
seating will also be available. available for public inspection and the amendment set forth in this notice.
DATES: The meeting will be held on copying in the Department of the FOR FURTHER INFORMATION CONTACT: Matt
Thursday, February 25, 2016, beginning Treasury’s library, Annex Room 1020, Osterrieder, Legislative Specialist, (202)
at 9:15 a.m. Eastern Time. 1500 Pennsylvania Avenue NW., 502–4500, pubaffairs@ussc.gov. The
ADDRESSES: The meeting will be held in Washington, DC 20220 on official amendment set forth in this notice also
the Cash Room, Main Treasury business days between the hours of 8:30 may be accessed through the
Building, 1500 Pennsylvania Avenue a.m. and 5:30 p.m. Eastern Time. You Commission’s Web site at
NW., Washington, DC 20220. The may make an appointment to inspect www.ussc.gov.
meeting will be open to the public via statements by telephoning (202) 622–
live webcast at http:// 0990. All statements, including SUPPLEMENTARY INFORMATION: The
www.financialresearch.gov. A limited attachments and other supporting United States Sentencing Commission is
number of seats will be available for materials, will be part of the public an independent agency in the judicial
those interested in attending the record and subject to public disclosure. branch of the United States
meeting in person, and those seats You should submit only information Government. The Commission
would be on a first-come, first-served that you wish to make available promulgates sentencing guidelines and
basis. Because the meeting will be held publicly. policy statements for federal sentencing
in a secured facility, members of the courts pursuant to 28 U.S.C. 994(a). The
Tentative Agenda/Topics for Commission also periodically reviews
public who plan to attend the meeting Discussion: The Committee provides an
must contact the OFR by email at OFR_ and revises previously promulgated
opportunity for researchers, industry guidelines pursuant to 28 U.S.C. 994(o)
FRAC@ofr.treasury.gov by 5 p.m. leaders, and other qualified individuals
Eastern Time on Thursday, February 11, and generally submits guideline
to offer their advice and amendments to Congress pursuant to 28
2016, to inform the OFR of their desire recommendations to the OFR, which,
to attend the meeting and to receive U.S.C. 994(p) not later than the first day
among other things, is responsible for of May each year. Absent action of
further instructions about building collecting and standardizing data on
clearance. Congress to the contrary, submitted
financial institutions and their activities amendments become effective by
FOR FURTHER INFORMATION CONTACT: and for supporting the work of Financial operation of law on the date specified
Susan Stiehm, Designated Federal Stability Oversight Council. by the Commission (generally November
Officer, Office of Financial Research, This is the seventh meeting of the 1 of the year in which the amendments
Department of the Treasury, 1500 Financial Research Advisory are submitted to Congress).
Pennsylvania Avenue NW., Washington, Committee. Topics to be discussed Notice of the proposed amendment
DC 20220, (212) 376–9808 (this is not a among all members will include was published in the Federal Register
asabaliauskas on DSK5VPTVN1PROD with NOTICES

toll-free number), OFR_FRAC@ discussion of the OFR’s Programmatic on August 17, 2015 (see 80 FR 49314).
ofr.treasury.gov. Persons who have Approach, progress on prior Committee The Commission held a public hearing
difficulty hearing or speaking may recommendations, Subcommittee on the proposed amendment in
access this number via TTY by calling reports to the Committee and the OFR’s Washington, DC, on November 5, 2015.
the toll-free Federal Relay Service at work related to Shadow Banking. For On January 21, 2016, the Commission
800–877–8339. more information on the OFR and the submitted this amendment to Congress
SUPPLEMENTARY INFORMATION: Notice of Committee, please visit the OFR Web and specified an effective date of August
this meeting is provided in accordance site at http://www.financialresearch.gov. 1, 2016.

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Document Created: 2018-02-02 12:40:02
Document Modified: 2018-02-02 12:40:02

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		Notices
Action		Notice of availability; Request for comments.
Dates		Comments must be received by March 14, 2016.
Contact		For information regarding the application from the Board of Trustees of the Teamsters Local 469 Pension Plan, please contact Treasury at (202) 622-1534 (not a toll- free number).
FR Citation		81 FR 4740