82 FR 20534 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 83 (May 2, 2017)

Page Range		20534-20535
FR Document		2017-08922

The Board of Trustees of the Southwest Ohio Regional Council of Carpenters Pension Plan (SWORCC Pension Plan), 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 SWORCC Pension Plan 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 SWORCC Pension Plan.

Federal Register, Volume 82 Issue 83 (Tuesday, May 2, 2017)

[Federal Register Volume 82, Number 83 (Tuesday, May 2, 2017)]
[Notices]
[Pages 20534-20535]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2017-08922]

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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 Southwest Ohio Regional Council
of Carpenters Pension Plan (SWORCC Pension Plan), 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 SWORCC Pension Plan 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 SWORCC Pension Plan.

DATES: Comments must be received by June 16, 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

[[Page 20535]]

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 SWORCC 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 March 30, 2017, the Board of Trustees of the SWORCC 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 SWORCC Pension Plan
application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the SWORCC Pension Plan. Consideration will
be given to any comments that are timely received by Treasury.

Dated: April 26, 2017.
Robert J. Neis,
Benefits Tax Counsel, Office of Tax Policy.
[FR Doc. 2017-08922 Filed 4-28-17; 11:15 am]
BILLING CODE 4810-25-P

20534 Federal Register / Vol. 82, No. 83 / Tuesday, May 2, 2017 / Notices

Books or records relating to a collection ADDRESSES: Direct all written comments be summarized and/or included in the
of information must be retained as long to Laurie E. Brimmer, Internal Revenue request for OMB approval. All
as their contents may become material Service, Room 6526, 1111 Constitution comments will become a matter of
in the administration of any internal Avenue NW., Washington, DC 20224. public record. Comments are invited on:
revenue law. Generally, tax returns and Requests for additional information or (a) Whether the collection of
tax return information are confidential, copies of the form and instructions information is necessary for the proper
as required by 26 U.S.C. 6103. should be directed to Martha R. Brinson, performance of the functions of the
Request for Comments: Comments Internal Revenue Service, Room 6526, agency, including whether the
submitted in response to this notice will 1111 Constitution Avenue NW., information shall have practical utility;
be summarized and/or included in the Washington, DC 20224, or through the (b) the accuracy of the agency’s estimate
request for OMB approval. All Internet at Martha.R.Brinson@irs.gov. of the burden of the collection of
comments will become a matter of SUPPLEMENTARY INFORMATION: information; (c) ways to enhance the
public record. Comments are invited on: Title: Generic Clearance for the quality, utility, and clarity of the
(a) Whether the collection of Collection of Qualitative Feedback on information to be collected; (d) ways to
information is necessary for the proper Agency Service Delivery. minimize the burden of the collection of
performance of the functions of the OMB Number: 1545–2208. information on respondents, including
agency, including whether the Abstract: Executive Order 12862 through the use of automated collection
information shall have practical utility; directs Federal agencies to provide techniques or other forms of information
(b) the accuracy of the agency’s estimate service to the public that matches or technology; and (e) estimates of capital
of the burden of the collection of exceeds the best service available in the or start-up costs and costs of operation,
information; (c) ways to enhance the private sector. In order to work maintenance, and purchase of services
quality, utility, and clarity of the continuously to ensure that our to provide information.
information to be collected; (d) ways to programs are effective and meet our Approved: April 26, 2017.
minimize the burden of the collection of customers’ needs, The Internal Revenue
Laurie E. Brimmer,
information on respondents, including Service (hereafter ‘‘the Agency’’) seeks
through the use of automated collection to obtain OMB approval of a generic Senior Tax Analyst.
techniques or other forms of information clearance to collect qualitative feedback [FR Doc. 2017–08839 Filed 5–1–17; 8:45 am]
technology; and (e) estimates of capital on our service delivery. By qualitative BILLING CODE 4830–01–P
or start-up costs and costs of operation, feedback we mean information that
maintenance, and purchase of services provides useful insights on perceptions
to provide information. and opinions, but are not statistical DEPARTMENT OF THE TREASURY
Approved: April 26, 2017. surveys that yield quantitative results
Multiemployer Pension Plan
Laurie Brimmer, that can be generalized to the
Application To Reduce Benefits
Senior Tax Analyst. population of study.
Current Actions: We will be AGENCY: Department of the Treasury.
[FR Doc. 2017–08838 Filed 5–1–17; 8:45 am]
conducting different opinion surveys, ACTION:Notice of availability; request
BILLING CODE 4830–01–P
focus group sessions, think-aloud for comments.
interviews, and usability studies
regarding cognitive research SUMMARY: The Board of Trustees of the
DEPARTMENT OF THE TREASURY
surrounding forms submission or IRS Southwest Ohio Regional Council of
Internal Revenue Service system/product development. Carpenters Pension Plan (SWORCC
Type of Review: Extension of a Pension Plan), a multiemployer pension
Proposed Collection; Comment currently approved collection. plan, has submitted an application to
Request for Generic Clearance for the Affected Public: Individuals and reduce benefits under the plan in
Collection of Qualitative Feedback on businesses or other for-profit accordance with the Multiemployer
Agency Service Delivery organizations. Pension Reform Act of 2014. The
Estimated Number of Respondents: purpose of this notice is to announce
AGENCY: Internal Revenue Service (IRS), 150,000. that the application submitted by the
Treasury. Estimated Time per Respondent: 1 Board of Trustees of the SWORCC
ACTION: Notice and request for hour. Pension Plan has been published on the
comments. Estimated Total Annual Burden Treasury Web site, and to request public
Hours: 150,000. comments on the application from
SUMMARY: The Department of the The following paragraph applies to all
Treasury, as part of its continuing effort interested parties, including
of the collections of information covered participants and beneficiaries, employee
to reduce paperwork and respondent by this notice:
burden, invites the general public and organizations, and contributing
An agency may not conduct or
other Federal agencies to take this employers of the SWORCC Pension
sponsor, and a person is not required to
opportunity to comment on proposed Plan.
respond to, a collection of information
and/or continuing information unless the collection of information DATES: Comments must be received by
collections, as required by the displays a valid OMB control number. June 16, 2017.
Paperwork Reduction Act of 1995. Books or records relating to a collection ADDRESSES: You may submit comments
Currently, the IRS is soliciting
sradovich on DSK3GMQ082PROD with NOTICES

of information must be retained as long electronically through the Federal
comments concerning Generic as their contents may become material eRulemaking Portal at http://
Clearance for the Collection of in the administration of any internal www.regulations.gov, in accordance
Qualitative Feedback on Agency Service revenue law. Generally, tax returns and with the instructions on that site.
Delivery. tax return information are confidential, Electronic submissions through
DATES: Written comments should be as required by 26 U.S.C. 6103. www.regulations.gov are encouraged.
received on or before July 3, 2017 to be Request for Comments: Comments Comments may also be mailed to the
assured of consideration. submitted in response to this notice will Department of the Treasury, MPRA

VerDate Sep<11>2014 16:36 May 01, 2017 Jkt 241001 PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 E:\FR\FM\02MYN1.SGM 02MYN1

Document Created: 2017-05-02 00:04:49
Document Modified: 2017-05-02 00:04:49

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 16, 2017.
Contact		For information regarding the application from the SWORCC Pension Plan, please contact Treasury at (202) 622-1534 (not a toll-free number).
FR Citation		82 FR 20534