82_FR_19874 82 FR 19793 - Multiemployer Pension Plan Application To Reduce Benefits

82 FR 19793 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 81 (April 28, 2017)

Page Range19793-19793
FR Document2017-08715

The Board of Trustees of the International Association of Machinists Motor City Pension Fund (IAM Motor City Pension Fund), a multiemployer pension plan, has submitted an application 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 IAM Motor City Pension Fund has been published on the Treasury Web site, and to request public comments on the application from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the IAM Motor City Pension Fund.

Federal Register, Volume 82 Issue 81 (Friday, April 28, 2017) 
[Federal Register Volume 82, Number 81 (Friday, April 28, 2017)]
[Notices]
[Page 19793]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08715]


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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 International Association of 
Machinists Motor City Pension Fund (IAM Motor City Pension Fund), a 
multiemployer pension plan, has submitted an application 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 IAM Motor City 
Pension Fund has been published on the Treasury Web site, and to 
request public comments on the application from interested parties, 
including participants and beneficiaries, employee organizations, and 
contributing employers of the IAM Motor City Pension Fund.

DATES: Comments must be received by June 12, 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 IAM Motor City 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 29, 2017, the Board of Trustees of the IAM Motor City 
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 IAM Motor City 
Pension Fund application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the IAM Motor City Pension Fund. 
Consideration will be given to any comments that are timely received by 
Treasury.

    Dated: April 25, 2017.
Robert J. Neis,
Benefits Tax Counsel, Office of Tax Policy.
[FR Doc. 2017-08715 Filed 4-27-17; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 82, No. 81 / Friday, April 28, 2017 / Notices 19793 public comments on all aspects of the Security number, name, address, or DEPARTMENT OF VETERANS Alaska Ironworkers Pension Trust other contact information) or any other AFFAIRS application. information in your comment or Comments are requested from supporting materials that you do not Notice of Meeting of the Cooperative interested parties, including want publicly disclosed. Treasury will Studies Scientific Evaluation participants and beneficiaries, employee make comments available for public Committee organizations, and contributing inspection and copying on employers of the Alaska Ironworkers www.regulations.gov or upon request. The Department of Veterans Affairs Pension Trust. Consideration will be Comments posted on the Internet can be gives notice under the Federal Advisory given to any comments that are timely retrieved by most Internet search Committee Act, 5 U.S.C. App. 2, that the received by Treasury. engines. Cooperative Studies Scientific Dated: April 25, 2017. Evaluation Committee will hold a Robert J. Neis, FOR FURTHER INFORMATION CONTACT: For meeting on June 29, 2017, at the information regarding the application American Association of Airport Benefits Tax Counsel, Office of Tax Policy. from the IAM Motor City Pension Fund, Executives, 601 Madison Street, [FR Doc. 2017–08714 Filed 4–27–17; 8:45 am] please contact Treasury at (202) 622– Alexandria, VA. The meeting will begin BILLING CODE 4810–25–P 1534 (not a toll-free number). at 8:30 a.m. and end at 12:30 p.m. The Committee advises the Chief SUPPLEMENTARY INFORMATION: The DEPARTMENT OF THE TREASURY Research and Development Officer on Multiemployer Pension Reform Act of the relevance and feasibility of proposed Multiemployer Pension Plan 2014 (MPRA) amended the Internal projects and the scientific validity and Application To Reduce Benefits Revenue Code to permit a propriety of technical details, including multiemployer plan that is projected to protection of human subjects. AGENCY: Department of the Treasury. have insufficient funds to reduce pension benefits payable to participants The session will be open to the public ACTION:Notice of availability; request and beneficiaries if certain conditions for approximately 30 minutes at the for comments. start of the meeting for the discussion of are satisfied. In order to reduce benefits, SUMMARY: The Board of Trustees of the administrative matters and the general the plan sponsor is required to submit International Association of Machinists status of the program. The remaining an application to the Secretary of the portion of the meeting will be closed to Motor City Pension Fund (IAM Motor Treasury, which Treasury, in City Pension Fund), a multiemployer the public for the Committee’s review, consultation with the Pension Benefit discussion, and evaluation of research pension plan, has submitted an Guaranty Corporation (PBGC) and the and development applications. application to reduce benefits under the Department of Labor, is required to plan in accordance with the During the closed portion of the Multiemployer Pension Reform Act of approve or deny. meeting, discussions and 2014. The purpose of this notice is to On March 29, 2017, the Board of recommendations will deal with announce that the application submitted Trustees of the IAM Motor City Pension qualifications of personnel conducting by the Board of Trustees of the IAM Fund submitted an application for the studies, staff and consultant Motor City Pension Fund has been approval to reduce benefits under the critiques of research proposals and published on the Treasury Web site, and plan. As required by MPRA, that similar documents, and the medical to request public comments on the application has been published on records of patients who are study application from interested parties, Treasury’s Web site at https:// subjects, the disclosure of which would including participants and beneficiaries, auth.treasury.gov/services/Pages/Plan- constitute a clearly unwarranted employee organizations, and Applications.aspx. Treasury is invasion of personal privacy. As contributing employers of the IAM publishing this notice in the Federal provided by section 10(d) of Public Law Motor City Pension Fund. Register, in consultation with the PBGC 92–463, as amended, closing portions of DATES: Comments must be received by and the Department of Labor, to solicit this meeting is in accordance with 5 June 12, 2017. public comments on all aspects of the U.S.C. 552b(c)(6) and (c)(9)(B). ADDRESSES: You may submit comments IAM Motor City Pension Fund The Committee will not accept oral electronically through the Federal application. comments from the public for the open eRulemaking Portal at http:// Comments are requested from portion of the meeting. Those who plan www.regulations.gov, in accordance to attend or wish additional information interested parties, including with the instructions on that site. should contact Dr. Grant Huang, Acting participants and beneficiaries, employee Electronic submissions through Director, Cooperative Studies Program organizations, and contributing www.regulations.gov are encouraged. (10P9CS), Department of Veterans Comments may also be mailed to the employers of the IAM Motor City Affairs, 810 Vermont Avenue NW., Department of the Treasury, MPRA Pension Fund. Consideration will be Washington, DC 20420, at (202) 443– Office, 1500 Pennsylvania Avenue NW., given to any comments that are timely 5700 or by email at grant.huang@va.gov. Room 1224, Washington, DC 20220. received by Treasury. Those wishing to submit written Attn: Eric Berger. Comments sent via comments may send them to Dr. Huang asabaliauskas on DSK3SPTVN1PROD with NOTICES Dated: April 25, 2017. facsimile and email will not be Robert J. Neis, at the same address and email. accepted. Benefits Tax Counsel, Office of Tax Policy. Dated: April 25, 2017. Additional Instructions. All [FR Doc. 2017–08715 Filed 4–27–17; 8:45 am] LaTonya L. Small, Ed.D., comments received, including attachments and other supporting BILLING CODE 4810–25–P Federal Advisory Committee Management materials, will be made available to the Officer. public. Do not include any personally [FR Doc. 2017–08653 Filed 4–27–17; 8:45 am] identifiable information (such as Social BILLING CODE 8320–01–P VerDate Sep<11>2014 17:38 Apr 27, 2017 Jkt 241001 PO 00000 Frm 00142 Fmt 4703 Sfmt 9990 E:\FR\FM\28APN1.SGM 28APN1


Document Created: 2017-04-28 03:02:02
Document Modified: 2017-04-28 03:02:02
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 June 12, 2017.
ContactFor information regarding the application from the IAM Motor City Pension Fund, please contact Treasury at (202) 622-1534 (not a toll-free number).
FR Citation82 FR 19793 
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