81_FR_75075 81 FR 74867 - Multiemployer Pension Plan Application To Reduce Benefits

81 FR 74867 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 208 (October 27, 2016)

Page Range74867-74868
FR Document2016-25961

The Board of Trustees of the Automotive Industries Pension Plan (Auto Industries 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. The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Auto Industries 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 participants and beneficiaries, employee organizations, and contributing employers of the Auto Industries Pension Plan.

Federal Register, Volume 81 Issue 208 (Thursday, October 27, 2016) 
[Federal Register Volume 81, Number 208 (Thursday, October 27, 2016)]
[Notices]
[Pages 74867-74868]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-25961]


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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 Automotive Industries Pension 
Plan (Auto Industries 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. The 
purpose of this notice is to announce that the application submitted by 
the Board of Trustees of the Auto Industries 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 participants and beneficiaries, employee 
organizations, and contributing employers of the Auto Industries 
Pension Plan.

DATES: Comments must be received by December 12, 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 Auto Industries 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

[[Page 74868]]

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 September 27, 2016, the Board of Trustees of the Auto Industries 
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 the PBGC and the Department of 
Labor, to solicit public comments on all aspects of the Auto Industries 
Pension Plan application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Auto Industries Pension Plan. 
Consideration will be given to any comments that are timely received by 
Treasury.

    Dated: October 20, 2016.
David R. Pearl,
Executive Secretary, Department of the Treasury.
[FR Doc. 2016-25961 Filed 10-26-16; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 81, No. 208 / Thursday, October 27, 2016 / Notices 74867 TTB Form Numbers: F 5100.21 and F SUMMARY: The Internal Revenue Service SUMMARY: The Board of Trustees of the 5110.51. Advisory Council (IRSAC) will hold a Automotive Industries Pension Plan Abstract: In general, under the public meeting on Wednesday, (Auto Industries Pension Plan), a Internal Revenue Code (IRC) at 26 November 16, 2016. multiemployer pension plan, has U.S.C. 7652(a)(1), merchandise FOR FURTHER INFORMATION CONTACT: Ms. submitted an application to Treasury to manufactured in Puerto Rico and Anna Millikan, IRSAC Program reduce benefits under the plan in shipped to the United States for Manager, Office of National Public accordance with the Multiemployer consumption or sale is subject to a tax Liaison, CL:NPL:P, Room 7559, 1111 Pension Reform Act of 2014. The equal to the internal revenue tax Constitution Avenue NW, Washington, purpose of this notice is to announce imposed in the United States upon like DC 20224. Telephone: 202–317–6851 that the application submitted by the articles of merchandise of domestic (not a toll-free number). Email address: Board of Trustees of the Auto Industries manufacture. The IRC at 26 U.S.C. PublicLiaison@irs.gov. Pension Plan has been published on the 7652(a)(2) provides that the Secretary of SUPPLEMENTARY INFORMATION: Notice is Web site of the Department of the the Treasury shall by regulation hereby given pursuant to section 10(a) Treasury (Treasury), and to request prescribe the mode and time for (2) of the Federal Advisory Committee public comments on the application payment and collection of the tax, and Act, 5 U.S.C. App. (1988), a public from interested parties, including 26 U.S.C. 7805(a) provides the Secretary meeting of the IRSAC will be held on participants and beneficiaries, employee of the Treasury the authority to Wednesday, November 16, 2016, from organizations, and contributing prescribe all needful rules and 9:20 a.m. to 1:15 p.m. at the Melrose employers of the Auto Industries regulations for enforcement of the IRC. Georgetown Hotel, 2430 Pennsylvania Pension Plan. Under this authority, in order to protect Avenue NW., Potomac III Ballroom, DATES: Comments must be received by the revenue, the TTB regulations Washington, DC 20037. Issues to be December 12, 2016. require, among other things, the use of discussed include, but are not limited ADDRESSES: You may submit comments TTB F 5100.21 and TTB F 5110.51 by to: IRS Should Evaluate the Effects of electronically through the Federal persons shipping wine, beer, and certain Penalties on Voluntary Compliance; eRulemaking Portal at http:// distilled spirits products produced in Risk Assessment; Promoting www.regulations.gov, in accordance Puerto Rico to the United States for Confidentiality of Treaty-Exchanged with the instructions on that site. domestic consumption or sale. TTB F Information; Fraud Prevention through Electronic submissions through 5100.21 is an application and permit to Individual Taxpayer and Business www.regulations.gov are encouraged. compute the Federal excise tax on, Master File (BMF) Authentication; Comments may also be mailed to the taxpay, and withdraw wine or beer for Enhancement of IRS2Go Mobile Department of the Treasury, MPRA shipment to the United States. TTB F Application and Online Accounts; Field Office, 1500 Pennsylvania Avenue NW., 5110.51 is an application and permit to and Campus Exam Letters and Room 1224, Washington, DC 20220. compute the tax on, taxpay, and Attachments; Statutory Authority of IRS Attn: Eric Berger. Comments sent via withdraw for shipment to the United to Regulate Tax Practice; and Revisions facsimile and email will not be States certain distilled spirits products. and Updates to Circular 230. Last- accepted. Current Actions: We are submitting minute agenda changes may preclude Additional Instructions. All this information collection for extension advanced notice. The meeting room comments received, including purposes only. The information accommodates approximately 70 attachments and other supporting collection, estimated number of people; this number includes IRSAC materials, will be made available to the respondents, and estimated number of members and Internal Revenue Service public. Do not include any personally burden hours remain unchanged. officials. Due to limited seating, please identifiable information (such as Social call Anna Millikan at 202–317–6851 to Security number, name, address, or Type of Review: Extension of a confirm your attendance. Attendees are other contact information) or any other currently approved collection. encouraged to arrive at least 30 minutes information in your comment or Affected Public: Businesses and other supporting materials that you do not before the meeting begins. Should you for-profits. want publicly disclosed. Treasury will wish the IRSAC to consider a written Estimated Number of Respondents: statement, please write to Internal make comments available for public 35. Revenue Service, Office of National inspection and copying on Estimated Total Annual Burden Public Liaison, CL:NPL, Room 7559, www.regulations.gov or upon request. Hours: 35. 1111 Constitution Avenue NW., Comments posted on the Internet can be Dated: October 19, 2016. Washington, DC 20224 or email retrieved by most Internet search Amy R. Greenberg, PublicLiaison@irs.gov. engines. Director, Regulations and Rulings Division. Dated: October 20, 2016. FOR FURTHER INFORMATION CONTACT: For [FR Doc. 2016–25971 Filed 10–26–16; 8:45 am] Candice Cromling, information regarding the application BILLING CODE 4810–31–P Director, National Public Liaison. from the Auto Industries Pension Plan, [FR Doc. 2016–25946 Filed 10–26–16; 8:45 am] please contact Treasury at (202) 622– BILLING CODE 4830–01–P 1534 (not a toll-free number). DEPARTMENT OF THE TREASURY SUPPLEMENTARY INFORMATION: The Multiemployer Pension Reform Act of Internal Revenue Service 2014 (MPRA) amended the Internal sradovich on DSK3GMQ082PROD with NOTICES DEPARTMENT OF THE TREASURY Revenue Code to permit a Advisory Council to the Internal Multiemployer Pension Plan multiemployer plan that is projected to Revenue Service; Meeting Application To Reduce Benefits have insufficient funds to reduce AGENCY: Internal Revenue Service (IRS), AGENCY: Department of the Treasury. pension benefits payable to participants Treasury. and beneficiaries if certain conditions ACTION:Notice of availability; request are satisfied. In order to reduce benefits, ACTION: Notice. for comments. the plan sponsor is required to submit VerDate Sep<11>2014 17:43 Oct 26, 2016 Jkt 241001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 E:\FR\FM\27OCN1.SGM 27OCN1

74868 Federal Register / Vol. 81, No. 208 / Thursday, October 27, 2016 / Notices an application to the Secretary of the 8142, Washington, DC 20220, or email Type of Review: Extension without Treasury, which Treasury, in at PRA@treasury.gov. change of a currently approved consultation with the Pension Benefit FOR FURTHER INFORMATION CONTACT: collection. Guaranty Corporation (PBGC) and the Copies of the submissions may be Title: Request To Reissue United Department of Labor, is required to obtained by emailing PRA@treasury.gov, States Savings Bonds. approve or deny. calling (202) 622–0934, or viewing the Form: FS Form 4000. On September 27, 2016, the Board of entire information collection request at Abstract: The information is Trustees of the Auto Industries Pension www.reginfo.gov. requested to support a request to reissue Plan submitted an application for paper (definitive) Series EE, HH, and I approval to reduce benefits under the Bureau of the Fiscal Service (Fiscal United States Savings Bonds, plan. As required by MPRA, that Service) Retirement Plan Bonds, and Individual application has been published on OMB Control Number: 1530–0006. Retirement Bonds and to indicate the Treasury’s Web site at https:// Type of Review: Extension without new registration required. auth.treasury.gov/services/Pages/Plan- change of a currently approved Affected Public: Individuals or Applications.aspx. Treasury is collection. Households. publishing this notice in the Federal Title: Direct Deposit Sign-Up Form Estimated Total Annual Burden Register, in consultation with the PBGC and Go Direct Sign Up Form. Hours: 57,500. and the Department of Labor, to solicit Forms: SF–1199A, FS Form 1200, FS OMB Control Number: 1530–0039. public comments on all aspects of the Form 1200VADE, FS Form 1201L, FS Type of Review: Extension without Auto Industries Pension Plan Form 1201S. change of a currently approved application. Abstract: The Direct Deposit Sign-Up collection. Form is used by recipients to authorize Title: U.S. Treasury Securities State Comments are requested from the deposit of Federal payments into and Local Government Series Early interested parties, including their accounts at financial institutions. Redemption Request. participants and beneficiaries, employee The information is used to route the Form: FS Form 5377. organizations, and contributing Abstract: The information is used to employers of the Auto Industries Direct Deposit payment to the correct process early redemption requests for Pension Plan. Consideration will be account at the correct financial the owners of State and Local given to any comments that are timely institution. It identifies persons who Government Series Securities. received by Treasury. have executed the form. Affected Public: State, Local, and Dated: October 20, 2016. Affected Public: Individuals or Tribal Governments. Households. David R. Pearl, Estimated Total Annual Burden Estimated Total Annual Burden Hours: 247. Executive Secretary, Department of the Treasury. Hours: 67,786. OMB Control Number: 1530–0011. Bob Faber, [FR Doc. 2016–25961 Filed 10–26–16; 8:45 am] Type of Review: Extension without Acting Treasury PRA Clearance Officer. BILLING CODE 4810–25–P change of a currently approved [FR Doc. 2016–25974 Filed 10–26–16; 8:45 am] collection. BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Title: Assignment Form. Form: FS Form 6314. Submission for OMB Review; Abstract: This form is used when an DEPARTMENT OF THE TREASURY Comment Request award holder wants to assign or transfer all or part of his/her award to another Submission for OMB Review; October 24, 2016. person. When this occurs, the award Comment Request The Department of the Treasury will holder forfeits all future rights to the October 21, 2016. submit the following information portion assigned. The Department of the Treasury will collection requests to the Office of Affected Public: Individuals or submit the following information Management and Budget (OMB) for Households. collection requests to the Office of review and clearance in accordance Estimated Total Annual Burden Management and Budget (OMB) for with the Paperwork Reduction Act of Hours: 75. review and clearance in accordance 1995, Public Law 104–13, on or after the OMB Control Number: 1530–0016. with the Paperwork Reduction Act of date of publication of this notice. Type of Review: Extension without 1995, Public Law 104–13, on or after the DATES: Comments should be received on change of a currently approved date of publication of this notice. or before November 28, 2016 to be collection. DATES: Comments should be received on assured of consideration. Title: 31 CFR part 208—Management or before November 28, 2016 to be ADDRESSES: Send comments regarding of Federal Agency Disbursements. assured of consideration. the burden estimates, or any other Abstract: This regulation requires that ADDRESSES: Send comments regarding aspect of the information collections, most Federal payments be made by the burden estimates, or any other including suggestions for reducing the Electronic Funds Transfer (EFT); sets aspect of the information collections, burden, to (1) Office of Information and forth waiver requirements; and provides including suggestions for reducing the Regulatory Affairs, Office of for a low-cost Treasury-designated burden, to (1) Office of Information and sradovich on DSK3GMQ082PROD with NOTICES Management and Budget, Attention: account to individuals at a financial Regulatory Affairs, Office of Desk Officer for Treasury, New institution that offers such accounts. Management and Budget, Attention: Executive Office Building, Room 10235, Affected Public: Businesses or other Desk Officer for Treasury, New Washington, DC 20503, or email at for-profits. Executive Office Building, Room 10235, OIRA_Submission@OMB.EOP.gov and Estimated Total Annual Burden Washington, DC 20503, or email at (2) Treasury PRA Clearance Officer, Hours: 325. OIRA_Submission@OMB.EOP.gov and 1750 Pennsylvania Ave. NW., Suite OMB Control Number: 1530–0025. (2) Treasury PRA Clearance Officer, VerDate Sep<11>2014 17:43 Oct 26, 2016 Jkt 241001 PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 E:\FR\FM\27OCN1.SGM 27OCN1


Document Created: 2016-10-27 01:52:19
Document Modified: 2016-10-27 01:52:19
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 December 12, 2016.
ContactFor information regarding the application from the Auto Industries Pension Plan, please contact Treasury at (202) 622-1534 (not a toll-free number).
FR Citation81 FR 74867 
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