81_FR_50746 81 FR 50599 - Multiemployer Pension Plan Application To Reduce Benefits.

81 FR 50599 - Multiemployer Pension Plan Application To Reduce Benefits.

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 147 (August 1, 2016)

Page Range50599-50600
FR Document2016-18175

The Board of Trustees of the Bricklayers & Allied Craftsmen Local No. 7 Pension Plan (Bricklayers Local 7 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 Bricklayers Local 7 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 Bricklayers Local 7 Pension Plan.

Federal Register, Volume 81 Issue 147 (Monday, August 1, 2016) 
[Federal Register Volume 81, Number 147 (Monday, August 1, 2016)]
[Notices]
[Pages 50599-50600]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-18175]


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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 Bricklayers & Allied Craftsmen 
Local No. 7 Pension Plan (Bricklayers Local 7

[[Page 50600]]

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 Bricklayers Local 7 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 Bricklayers Local 7 Pension Plan.

DATE:  Comments must be received by September 15, 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: Eric Berger. 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 Bricklayers Local 7 
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 June 28, 2016, the Board of Trustees of the Bricklayers Local 7 
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://auth.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 Bricklayers 
Local 7 Pension Plan application.
    Comments are requested from interested parties, including 
contributing employers, employee organizations, and participants and 
beneficiaries of the Bricklayers Local 7 Pension Plan. Consideration 
will be given to any comments that are timely received by Treasury.

    Dated: July 22, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-18175 Filed 7-28-16; 4:15 pm]
 BILLING CODE 4810-25-P

Federal Register / Vol. 81, No. 147 / Monday, August 1, 2016 / Notices 50599 criteria given in § 388.4 of MARAD’s entered into this docket is available on DEPARTMENT OF THE TREASURY regulations at 46 CFR part 388. the World Wide Web at http:// www.regulations.gov. Internal Revenue Service Privacy Act Anyone is able to search the FOR FURTHER INFORMATION CONTACT: Open Meeting of the Taxpayer electronic form of all comments Bianca Carr, U.S. Department of Advocacy Panel Taxpayer received into any of our dockets by the Transportation, Maritime Communications Project Committee; name of the individual submitting the Administration, 1200 New Jersey Correction comment (or signing the comment, if Avenue SE., Room W23–453, AGENCY: Internal Revenue Service (IRS), submitted on behalf of an association, Washington, DC 20590. Telephone 202– Treasury. business, labor union, etc.). You may 366–9309, Email Bianca.carr@dot.gov. ACTION: Notice of meeting; correction. review DOT’s complete Privacy Act Statement in the Federal Register SUPPLEMENTARY INFORMATION: SUMMARY: In the Federal Register notice published on April 11, 2000 (65 FR As described by the applicant the that was originally published on July 8, 19477). intended service of the vessel MERLOT 2016, (81 FR 44686) the meeting date By Order of the Maritime Administrator. is: was August 18, 2016 at 2:00 p.m. Dated: July 19, 2016. Intended Commercial Use of Vessel: Eastern Time. The new meeting date is T. Mitchell Hudson, Jr., ‘‘Yacht Charter Services and Multihull Thursday, August 25, 2016 at 2:00 p.m. Secretary, Maritime Administration. Sailing Instruction’’. DATES: The meeting will be held [FR Doc. 2016–18105 Filed 7–29–16; 8:45 am] Thursday, August 25, 2016. Geographic Region: ‘‘CALIFORNIA’’. BILLING CODE 4910–81–P FOR FURTHER INFORMATION CONTACT: The complete application is given in Antoinette Ross at 1–888–912–1227 or DOT docket MARAD–2016–0076 at (202) 317–4110. http://www.regulations.gov. Interested SUPPLEMENTARY INFORMATION: Notice is DEPARTMENT OF TRANSPORTATION parties may comment on the effect this hereby given pursuant to Section Maritime Administration action may have on U.S. vessel builders 10(a)(2) of the Federal Advisory or businesses in the U.S. that use U.S.- Committee Act, 5 U.S.C. App. (1988) [Docket No. MARAD–2016–0076] flag vessels. If MARAD determines, in that an open meeting of the Taxpayer Requested Administrative Waiver of accordance with 46 U.S.C. 12121 and Advocacy Panel Taxpayer the Coastwise Trade Laws: Vessel MARAD’s regulations at 46 CFR part Communications Project Committee will MERLOT; Invitation for Public 388, that the issuance of the waiver will be held Thursday, August 25, 2016, at Comments have an unduly adverse effect on a U.S.- 2:00 p.m. Eastern Time via vessel builder or a business that uses teleconference. The public is invited to AGENCY: Maritime Administration, U.S.-flag vessels in that business, a make oral comments or submit written Department of Transportation. waiver will not be granted. Comments statements for consideration. Due to ACTION: Notice. should refer to the docket number of limited conference lines, notification of SUMMARY: As authorized by 46 U.S.C. this notice and the vessel name in order intent to participate must be made with 12121, the Secretary of Transportation, for MARAD to properly consider the Antoinette Ross. For more information as represented by the Maritime comments. Comments should also state please contact: Antoinette Ross at 1– Administration (MARAD), is authorized the commenter’s interest in the waiver 888–912–1227 or (202) 317–4110, or to grant waivers of the U.S.-build application, and address the waiver write TAP Office, 1111 Constitution requirement of the coastwise laws under criteria given in § 388.4 of MARAD’s Avenue NW., Room 1509–National certain circumstances. A request for regulations at 46 CFR part 388. Office, Washington, DC 20224, or such a waiver has been received by contact us at the Web site: http:// Privacy Act www.improveirs.org. MARAD. The vessel, and a brief The committee will be discussing description of the proposed service, is Anyone is able to search the various issues related to Taxpayer listed below. electronic form of all comments Communications and public input is DATES: Submit comments on or before received into any of our dockets by the welcome. August 31, 2016. name of the individual submitting the Dated: July 26, 2016. ADDRESSES: Comments should refer to comment (or signing the comment, if docket number MARAD–2016–0076. Otis Simpson, submitted on behalf of an association, Written comments may be submitted by Acting Director, Taxpayer Advocacy Panel. business, labor union, etc.). You may hand or by mail to the Docket Clerk, review DOT’s complete Privacy Act [FR Doc. 2016–18118 Filed 7–29–16; 8:45 am] U.S. Department of Transportation, Statement in the Federal Register BILLING CODE 4830–01–P Docket Operations, M–30, West published on April 11, 2000 (65 FR Building Ground Floor, Room W12–140, 19477). 1200 New Jersey Avenue SE., DEPARTMENT OF THE TREASURY Washington, DC 20590. You may also By Order of the Maritime Administrator. send comments electronically via the Dated: July 26, 2016. Multiemployer Pension Plan Internet at http://www.regulations.gov. Application To Reduce Benefits. sradovich on DSK3GMQ082PROD with NOTICES T. Mitchell Hudson, Jr., All comments will become part of this Secretary, Maritime Administration. AGENCY: Department of the Treasury. docket and will be available for [FR Doc. 2016–18104 Filed 7–29–16; 8:45 am] ACTION:Notice of availability; Request inspection and copying at the above for comments. BILLING CODE 4910–81–P address between 10 a.m. and 5 p.m., E.T., Monday through Friday, except SUMMARY: The Board of Trustees of the federal holidays. An electronic version Bricklayers & Allied Craftsmen Local of this document and all documents No. 7 Pension Plan (Bricklayers Local 7 VerDate Sep<11>2014 20:16 Jul 29, 2016 Jkt 238001 PO 00000 Frm 00140 Fmt 4703 Sfmt 4703 E:\FR\FM\01AUN1.SGM 01AUN1

50600 Federal Register / Vol. 81, No. 147 / Monday, August 1, 2016 / Notices Pension Plan), a multiemployer pension Treasury, which Treasury, in FOR FURTHER INFORMATION CONTACT: plan, has submitted an application to consultation with the Pension Benefit Requests for additional information Treasury to reduce benefits under the Guaranty Corporation (PBGC) and the should be directed to the Department of plan in accordance with the Department of Labor, is required to the Treasury, Office of the Fiscal Multiemployer Pension Reform Act of approve or deny. Assistant Secretary, ATTN: Sustanchia 2014 (MPRA). The purpose of this On June 28, 2016, the Board of Gladden, 1500 Pennsylvania Avenue notice is to announce that the Trustees of the Bricklayers Local 7 NW., Room 1050, Washington, DC application submitted by the Board of Pension Plan submitted an application 20020 or to Sustanchia.Gladden@ Trustees of the Bricklayers Local 7 for approval to reduce benefits under treasury.gov. Pension Plan has been published on the the plan. As required by MPRA, that SUPPLEMENTARY INFORMATION: Web site of the Department of the application has been published on OMB Control Number: 1505–0221. Treasury (Treasury), and to request Treasury’s Web site at https:// Title: Annual Performance Report and public comments on the application auth.treasury.gov/services/Pages/Plan- Certification for Section 1603: Payments from interested parties, including Applications.aspx. Treasury is for Specified Renewable Energy contributing employers, employee publishing this notice in the Federal Property in Lieu of Tax Credits. organizations, and participants and Register, in consultation with PBGC and Abstract: The purpose of the 1603 beneficiaries of the Bricklayers Local 7 the Department of Labor, to solicit payment is to reimburse eligible Pension Plan. public comments on all aspects of the applicants for a portion of the cost of DATE: Comments must be received by Bricklayers Local 7 Pension Plan installing specified energy property September 15, 2016. application. used in a trade or business or for the ADDRESSES: You may submit comments Comments are requested from production of income. A 1603 payment electronically through the Federal interested parties, including is made after the energy property is eRulemaking Portal at http:// contributing employers, employee placed in service. Applicants for Section www.regulations.gov, in accordance organizations, and participants and 1603 payments commit in the terms and with the instructions on that site. beneficiaries of the Bricklayers Local 7 conditions that are part of the Treasury Electronic submissions through Pension Plan. Consideration will be program application to submitting an www.regulations.gov are encouraged. given to any comments that are timely annual report for five years from the Comments may also be mailed to the received by Treasury. date the energy property is placed in Department of the Treasury, MPRA service. Office, 1500 Pennsylvania Avenue NW., Dated: July 22, 2016. Type of Review: Extension of a Room 1224, Washington, DC 20220. David R. Pearl, currently approved collection. Attn: Eric Berger. Comments sent via Executive Secretary, Department of the Affected Public: State, local, or tribal facsimile and email will not be Treasury. governments. accepted. [FR Doc. 2016–18175 Filed 7–28–16; 4:15 pm] Estimated Number of Respondents: Additional Instructions. All BILLING CODE 4810–25–P 150,000. comments received, including Estimated Hours per Response: 0.25. attachments and other supporting Estimated Total Annual Burden materials, will be made available to the DEPARTMENT OF THE TREASURY Hours: 37,500. public. Do not include any personally Request for Comments: Comments identifiable information (such as Social Proposed Collection; Comment submitted in response to this notice will Security number, name, address, or Request be summarized and included in the other contact information) or any other request for Office of Management and AGENCY: Departmental Offices, Treasury. Budget approval. Comments may information in your comment or supporting materials that you do not ACTION: Notice and request for become a matter of public record. The want publicly disclosed. Treasury will comments. public is invited to submit comments make comments available for public concerning: (a) Whether the collection inspection and copying on SUMMARY: The Department of the of information is necessary for the www.regulations.gov or upon request. Treasury, as part of its continuing effort proper performance of the functions of Comments posted on the Internet can be to reduce paperwork and respondent the agency, including whether the retrieved by most Internet search burden, invites the general public and information will have practical utility; engines. other Federal agencies to comment on (b) the accuracy of the agency’s estimate this continuing information collection, of the burden of the collection of FOR FURTHER INFORMATION CONTACT: For as required by the Paperwork Reduction information; (c) ways to enhance the information regarding the application Act of 1995, Public Law 104–13 (44 quality, utility, and clarity of the from the Board of Trustees of the U.S.C. 3506(c)(2)(A)). information to be collected; (d) ways to Bricklayers Local 7 Pension Plan, please DATES: Written comments should be minimize the burden of the collection of contact Treasury at (202) 622–1534 (not received on or before September 30, information on respondents, including a toll-free number). 2016 to be assured of consideration. the use of automated collection SUPPLEMENTARY INFORMATION: The techniques or other forms of information Multiemployer Pension Reform Act of ADDRESSES: Send comments regarding technology; and (e) estimates of capital 2014 (MPRA) amended the Internal the burden estimate, or any other aspect or start-up costs and costs of operation, Revenue Code to permit a of the information collection, including sradovich on DSK3GMQ082PROD with NOTICES maintenance, and purchase of services multiemployer plan that is projected to suggestions for reducing the burden, to to provide information. have insufficient funds to reduce the Department of the Treasury, Office pension benefits payable to participants of the Fiscal Assistant Secretary, ATTN: Dated: July 26, 2016. and beneficiaries if certain conditions Sustanchia Gladden, 1500 Pennsylvania Brenda Simms, are satisfied. In order to reduce benefits, Avenue NW., Room 1050, Washington, Treasury PRA Clearance Officer. the plan sponsor is required to submit DC 20020 or to Sustanchia.Gladden@ [FR Doc. 2016–18049 Filed 7–29–16; 8:45 am] an application to the Secretary of the treasury.gov. BILLING CODE 4810–25–P VerDate Sep<11>2014 20:16 Jul 29, 2016 Jkt 238001 PO 00000 Frm 00141 Fmt 4703 Sfmt 9990 E:\FR\FM\01AUN1.SGM 01AUN1


Document Created: 2016-07-30 06:25:59
Document Modified: 2016-07-30 06:25:59
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; Request for comments.
DatesComments must be received by September 15, 2016.
ContactFor information regarding the application from the Board of Trustees of the Bricklayers Local 7 Pension Plan, please contact Treasury at (202) 622-1534 (not a toll- free number).
FR Citation81 FR 50599 
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