81 FR 64577 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 182 (September 20, 2016)

Page Range		64577-64577
FR Document		2016-22728

The Board of Trustees of the United Furniture Workers Pension Fund A (UFW Pension Fund), 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 UFW Pension Fund 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 participants and beneficiaries, employee organizations, and contributing employers of the UFW Pension Fund.

Federal Register, Volume 81 Issue 182 (Tuesday, September 20, 2016)

[Federal Register Volume 81, Number 182 (Tuesday, September 20, 2016)]
[Notices]
[Page 64577]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2016-22728]

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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 United Furniture Workers Pension
Fund A (UFW Pension Fund), 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 UFW Pension Fund 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 participants and beneficiaries, employee
organizations, and contributing employers of the UFW Pension Fund.

DATES: Comments must be received by November 4, 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 UFW Pension Fund, 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 August 17, 2016, the Board of Trustees of the UFW Pension Fund
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 the PBGC and the Department of Labor, to
solicit public comments on all aspects of the UFW Pension Fund
application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the UFW Pension Fund. Consideration will be
given to any comments that are timely received by Treasury.

Dated: September 15, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-22728 Filed 9-16-16; 4:15 pm]
BILLING CODE 4810-25-P

$Federal Register / Vol. 81, No. 182 / Tuesday, September 20, 2016 / Notices 64577 Walid), Turkey; DOB 20 Feb 1976; alt. participants and beneficiaries, employee 2014 (MPRA) amended the Internal DOB 13 Feb 1975; alt. DOB 07 Jan 1977; organizations, and contributing Revenue Code to permit a alt. DOB 15 Feb 1976; Passport employers of the UFW Pension Fund. multiemployer plan that is projected to N010084435 (Syria); Identification DATES: Comments must be received by have insufficient funds to reduce Number N002595610 (Syria); alt. November 4, 2016. pension benefits payable to participants Identification Number 00407L012704 ADDRESSES: You may submit comments and beneficiaries if certain conditions (Syria); alt. Identification Number electronically through the Federal are satisfied. In order to reduce benefits, N0097000224 (Syria); alt. Identification eRulemaking Portal at http:// the plan sponsor is required to submit Number L07521 (Syria); (individual) www.regulations.gov, in accordance an application to the Secretary of the [SDGT] (Linked To: ISLAMIC STATE with the instructions on that site. Treasury, which Treasury, in OF IRAQ AND THE LEVANT). Electronic submissions through consultation with the Pension Benefit Dated: September 15, 2016. www.regulations.gov are encouraged. Guaranty Corporation (PBGC) and the John E. Smith, Comments may also be mailed to the Department of Labor, is required to Acting Director, Office of Foreign Assets Department of the Treasury, MPRA approve or deny. Control. Office, 1500 Pennsylvania Avenue NW., Room 1224, Washington, DC 20220. On August 17, 2016, the Board of [FR Doc. 2016–22607 Filed 9–19–16; 8:45 am] Trustees of the UFW Pension Fund Attn: Eric Berger. Comments sent via BILLING CODE P facsimile and email will not be submitted an application for approval to accepted. reduce benefits under the plan. As Additional Instructions. All required by MPRA, that application has DEPARTMENT OF THE TREASURY comments received, including been published on Treasury’s Web site Multiemployer Pension Plan attachments and other supporting at https://auth.treasury.gov/services/ Application To Reduce Benefits materials, will be made available to the Pages/Plan-Applications.aspx. Treasury public. Do not include any personally is publishing this notice in the Federal AGENCY: Department of the Treasury. identifiable information (such as Social Register, in consultation with the PBGC ACTION:Notice of availability; request Security number, name, address, or and the Department of Labor, to solicit for comments. other contact information) or any other public comments on all aspects of the SUMMARY: The Board of Trustees of the information in your comment or UFW Pension Fund application. United Furniture Workers Pension Fund supporting materials that you do not Comments are requested from A (UFW Pension Fund), a want publicly disclosed. Treasury will interested parties, including multiemployer pension plan, has make comments available for public participants and beneficiaries, employee submitted an application to Treasury to inspection and copying on organizations, and contributing reduce benefits under the plan in www.regulations.gov or upon request. employers of the UFW Pension Fund. accordance with the Multiemployer Comments posted on the Internet can be Consideration will be given to any Pension Reform Act of 2014 (MPRA). retrieved by most Internet search comments that are timely received by The purpose of this notice is to engines. Treasury. announce that the application submitted FOR FURTHER INFORMATION CONTACT: For Dated: September 15, 2016. by the Board of Trustees of the UFW information regarding the application Pension Fund has been published on from the UFW Pension Fund, please David R. Pearl, the Web site of the Department of the contact Treasury at (202) 622–1534 (not Executive Secretary, Department of the Treasury (Treasury), and to request a toll-free number). Treasury. public comments on the application SUPPLEMENTARY INFORMATION: The [FR Doc. 2016–22728 Filed 9–16–16; 4:15 pm] from interested parties, including Multiemployer Pension Reform Act of BILLING CODE 4810–25–P sradovich on DSK3GMQ082PROD with NOTICES VerDate Sep<11>2014 17:13 Sep 19, 2016 Jkt 238001 PO 00000 Frm 00150 Fmt 4703 Sfmt 9990 E:\FR\FM\20SEN1.SGM 20SEN1$

Document Created: 2018-02-09 13:20:06
Document Modified: 2018-02-09 13:20:06

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 November 4, 2016.
Contact		For information regarding the application from the UFW Pension Fund, please contact Treasury at (202) 622-1534 (not a toll-free number).
FR Citation		81 FR 64577