82 FR 18536 - Multiemployer Pension Plan Application To Reduce Benefits
DEPARTMENT OF THE TREASURY Federal Register Volume 82, Issue 74 (April 19, 2017)
Federal Register Volume 82, Issue 74 (April 19, 2017)
| Page Range | 18536-18536 | |
| FR Document | 2017-07941 |
[Federal Register Volume 82, Number 74 (Wednesday, April 19, 2017)] [Notices] [Page 18536] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-07941] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Multiemployer Pension Plan Application To Reduce Benefits AGENCY: Department of the Treasury. ACTION: Notice of availability; Request for comments. ----------------------------------------------------------------------- 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 June 5, 2017. 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 March 15, 2017, 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: April 14, 2017. Tom West, Tax Legislative Counsel, Office of Tax Policy. [FR Doc. 2017-07941 Filed 4-14-17; 4:15 pm] BILLING CODE 4810-25-P
![18536 Federal Register / Vol. 82, No. 74 / Wednesday, April 19, 2017 / Notices
of the information collection, including accordance with the Multiemployer On March 15, 2017, the Board of
suggestions for reducing the burden, to Pension Reform Act of 2014 (MPRA). Trustees of the UFW Pension Fund
(1) Office of Information and Regulatory The purpose of this notice is to submitted an application for approval to
Affairs, Office of Management and announce that the application submitted reduce benefits under the plan. As
Budget, Attention: Desk Officer for by the Board of Trustees of the UFW required by MPRA, that application has
Treasury, New Executive Office Pension Fund has been published on been published on Treasury’s Web site
Building, Room 10235, Washington, DC the Web site of the Department of the at https://auth.treasury.gov/services/
20503, or email at OIRA_Submission@ Treasury (Treasury), and to request Pages/Plan-Applications.aspx. Treasury
OMB.EOP.gov and (2) Treasury PRA public comments on the application is publishing this notice in the Federal
Clearance Officer, 1750 Pennsylvania from interested parties, including Register, in consultation with the PBGC
Ave. NW., Suite 8142, Washington, DC participants and beneficiaries, employee and the Department of Labor, to solicit
20220, or email at PRA@treasury.gov. organizations, and contributing public comments on all aspects of the
FOR FURTHER INFORMATION CONTACT: employers of the UFW Pension Fund. UFW Pension Fund application.
Copies of the submissions may be DATES: Comments must be received by Comments are requested from
obtained by emailing PRA@treasury.gov, June 5, 2017. interested parties, including
calling (202) 622–0489, or viewing the participants and beneficiaries, employee
ADDRESSES: You may submit comments
entire information collection request at organizations, and contributing
electronically through the Federal
www.reginfo.gov. employers of the UFW Pension Fund.
eRulemaking Portal at http://
SUPPLEMENTARY INFORMATION: Consideration will be given to any
www.regulations.gov, in accordance
comments that are timely received by
Departmental Offices (DO) with the instructions on that site.
Treasury.
Electronic submissions through
Title: Survey of Foreign-Residents’ www.regulations.gov are encouraged. Dated: April 14, 2017.
Holdings of U.S. Securities. Comments may also be mailed to the Tom West,
OMB Control Number: 1505–0123. Department of the Treasury, MPRA Tax Legislative Counsel, Office of Tax Policy.
Type of Review: Revision of a Office, 1500 Pennsylvania Avenue NW., [FR Doc. 2017–07941 Filed 4–14–17; 4:15 pm]
currently approved collection. Room 1224, Washington, DC 20220. BILLING CODE 4810–25–P
Abstract: The survey collects Attn: Eric Berger. Comments sent via
information on foreign resident’s facsimile and email will not be
holdings of U.S. securities, including accepted.
selected money market instruments. The DEPARTMENT OF VETERANS
Additional Instructions. All AFFAIRS
data is used in the computation of the comments received, including
U.S. balance of payments accounts and attachments and other supporting [OMB Control No. 2900–0613]
U.S. international investment position, materials, will be made available to the
in the formulation of U.S. financial and public. Do not include any personally Agency Information Collection Activity
monetary policies, to satisfy 22 U.S.C. identifiable information (such as Social Under OMB Review: Record Keeping at
3101, and for information on foreign Security number, name, address, or Flight Schools
portfolio investment patterns. other contact information) or any other
Respondents are primarily the largest AGENCY: Veterans Benefits
information in your comment or Administration, Department of Veterans
banks, securities dealers, and issuers of supporting materials that you do not
U.S. securities. Affairs.
want publicly disclosed. Treasury will
Form: SHL(A) Schedules 1 & 2. ACTION: Notice.
make comments available for public
Affected Public: Businesses or other inspection and copying on
for-profits. SUMMARY: In compliance with the
www.regulations.gov or upon request. Paperwork Reduction Act (PRA) of
Estimated Total Annual Burden Comments posted on the Internet can be
Hours: 40,793. 1995, this notice announces that the
retrieved by most Internet search Veterans Benefits Administration
Authority: 44 U.S.C. 3501 et seq. engines. (VBA), Department of Veterans Affairs,
Dated: April 13, 2017. FOR FURTHER INFORMATION CONTACT: For will submit the collection of
Spencer W. Clark, information regarding the application information abstracted below to the
Treasury PRA Clearance Officer. from the UFW Pension Fund, please Office of Management and Budget
[FR Doc. 2017–07843 Filed 4–18–17; 8:45 am] contact Treasury at (202) 622–1534 (not (OMB) for review and comment. The
BILLING CODE 4810–25–P a toll-free number). PRA submission describes the nature of
SUPPLEMENTARY INFORMATION: The
the information collection and its
Multiemployer Pension Reform Act of expected cost and burden; it includes
DEPARTMENT OF THE TREASURY 2014 (MPRA) amended the Internal the actual data collection instrument.
Revenue Code to permit a DATES: Comments must be submitted on
Multiemployer Pension Plan or before May 19, 2017.
multiemployer plan that is projected to
Application To Reduce Benefits
have insufficient funds to reduce ADDRESSES: Submit written comments
AGENCY: Department of the Treasury. pension benefits payable to participants on the collection of information through
ACTION:Notice of availability; Request and beneficiaries if certain conditions www.Regulations.gov, or to Office of
are satisfied. In order to reduce benefits, Information and Regulatory Affairs,
jstallworth on DSK7TPTVN1PROD with NOTICES
for comments.
the plan sponsor is required to submit Office of Management and Budget, Attn:
SUMMARY: The Board of Trustees of the an application to the Secretary of the VA Desk Officer; 725 17th St. NW.,
United Furniture Workers Pension Fund Treasury, which Treasury, in Washington, DC 20503 or sent through
A (UFW Pension Fund), a consultation with the Pension Benefit electronic mail to oira_submission@
multiemployer pension plan, has Guaranty Corporation (PBGC) and the omb.eop.gov. Please refer to ‘‘OMB
submitted an application to Treasury to Department of Labor, is required to Control No. 2900–0613’’ in any
reduce benefits under the plan in approve or deny. correspondence.
VerDate Sep<11>2014 15:06 Apr 18, 2017 Jkt 241001 PO 00000 Frm 00121 Fmt 4703 Sfmt 4703 E:\FR\FM\19APN1.SGM 19APN1](https://thefederalregister.org/doc/82_FR_18610/page/1.svg)
Document Created: 2018-11-14 09:44:16
Document Modified: 2018-11-14 09:44:16
| 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 June 5, 2017. | |
| 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 | 82 FR 18536 |
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