82 FR 25657 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 105 (June 2, 2017)

Page Range		25657-25658
FR Document		2017-11440

On April 19, 2017, the Department of the Treasury published a notice of availability and request for comments regarding an application to reduce benefits under the United Furniture Workers Pension Fund A (UFW Pension Fund) in accordance with the Multiemployer Pension Reform Act of 2014. The purpose of this notice is to extend the comment period and provide more time for interested parties to provide comments.

Federal Register, Volume 82 Issue 105 (Friday, June 2, 2017)

[Federal Register Volume 82, Number 105 (Friday, June 2, 2017)]
[Notices]
[Pages 25657-25658]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2017-11440]

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DEPARTMENT OF THE TREASURY

Multiemployer Pension Plan Application To Reduce Benefits

AGENCY: Department of the Treasury.

ACTION: Notice of availability; extension of comment period.

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SUMMARY: On April 19, 2017, the Department of the Treasury published a
notice of availability and request for comments regarding an
application to reduce benefits under the United Furniture Workers
Pension Fund A (UFW Pension Fund) in accordance with the Multiemployer
Pension Reform Act of 2014. The purpose of this notice is to extend the
comment period and provide more time for interested parties to provide
comments.

DATES: The comment period for the notice published April 19, 2017 (82
FR 18536), is extended. Comments must be received on or before June 20,
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

[[Page 25658]]

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 the MPRA, that
application has been published on Treasury's Web site at https://www.treasury.gov/services/Pages/Plan-Applications.aspx.
On April 19, 2017, Treasury published a notice in the Federal
Register (82 FR 18536), in consultation with PBGC and the Department of
Labor, to solicit public comments on all aspects of the UFW Pension
Fund application. The notice provided that comments must be received by
June 5, 2017. This notice, which Treasury is publishing in consultation
with the PBGC and the Department of Labor, announces the extension of
the comment period in order to give additional time for interested
parties to provide comments. Comments are requested from interested
parties, including contributing employers, employee organizations, and
participants and beneficiaries of the UFW Pension Fund. Consideration
will be given to any comments that are timely received by Treasury on
or before June 20, 2017.

Dated: May 26, 2017.
Thomas West,
Tax Legislative Counsel, Office of Tax Policy.
[FR Doc. 2017-11440 Filed 6-1-17; 8:45 am]
BILLING CODE 4810-25-P

25658 Federal Register / Vol. 82, No. 105 / Friday, June 2, 2017 / Notices

and beneficiaries if certain conditions DEPARTMENT OF THE TREASURY economics and finance, financial market
are satisfied. In order to reduce benefits, analysis, or financial institutions and
the plan sponsor is required to submit Departmental Offices; Renewal of the markets.
an application to the Secretary of the Treasury Borrowing Advisory The Treasury Department transmitted
Treasury, which Treasury, in Committee of the Securities Industry copies of the Committee’s renewal
consultation with the Pension Benefit and Financial Markets Association charter to the Senate Committee on
Guaranty Corporation (PBGC) and the Finance, the House Committee on Ways
ACTION: Notice of renewal. and Means, the Senate Committee on
Department of Labor, is required to
approve or deny. On March 15, 2017, Banking, Housing and Urban Affairs,
SUMMARY: In accordance with the
the Board of Trustees of the UFW and the House Committee on Financial
Federal Advisory Committee Act, as
Pension Fund submitted an application Services in Congress on or about April
amended, with the concurrence of the
for approval to reduce benefits under 26, 2017.
General Services Administration, the
the plan. As required by the MPRA, that Secretary of the Treasury is renewing Dated: May 18, 2017.
application has been published on the Treasury Borrowing Advisory Fred Pietrangeli,
Treasury’s Web site at https:// Committee of the Securities Industry Director of the Office of Debt Management.
www.treasury.gov/services/Pages/Plan- and Financial Markets Association (the [FR Doc. 2017–10656 Filed 6–1–17; 8:45 am]
Applications.aspx. ‘‘Committee’’). BILLING CODE
FOR FURTHER INFORMATION CONTACT: Fred
On April 19, 2017, Treasury
Pietrangeli, Director, Office of Debt
published a notice in the Federal
Management (202) 622–1876.
Register (82 FR 18536), in consultation DEPARTMENT OF VETERANS
SUPPLEMENTARY INFORMATION: The
with PBGC and the Department of AFFAIRS
purpose of the Committee is to provide
Labor, to solicit public comments on all
informed advice as representatives of Advisory Committee on Prosthetic and
aspects of the UFW Pension Fund the financial community to the
application. The notice provided that Special Disabilities; Notice of Meeting
Secretary of the Treasury and Treasury Cancellation
comments must be received by June 5, staff, upon the Secretary of the
2017. This notice, which Treasury is Treasury’s request, in carrying out Agency: Department of Veterans
publishing in consultation with the Treasury responsibilities for Federal Affairs.
PBGC and the Department of Labor, financing and public debt management. The Department of Veterans Affairs
announces the extension of the The Committee meets to consider and gives notice under the Federal Advisory
comment period in order to give provide advice on special items Committee Act, 5 U.S.C. App. 2, that the
additional time for interested parties to pertaining to immediate Treasury meeting of the Advisory Committee on
provide comments. Comments are funding requirements and longer term Disability Compensation, previously
requested from interested parties, approaches to manage the national debt scheduled to be held at the Department
including contributing employers, in a cost-effective manner. The of Veterans Affairs, 810 Vermont
employee organizations, and Committee usually meets immediately Avenue NW., Washington, DC 20420, on
participants and beneficiaries of the before Treasury announces each quarter May 24–25, 2017, has been cancelled.
UFW Pension Fund. Consideration will funding operation, although special For more information, please contact
be given to any comments that are meetings also may be held. Membership Judy Schafer, Ph.D., Designated Federal
timely received by Treasury on or before consists of up to 20 representative or Officer at (202) 461–7315 or via email at
June 20, 2017. special government employee members Judy.Schafer@va.gov.
who are appointed by Treasury. The
Dated: May 26, 2017. members are senior-level officials who Dated: May 26, 2017.
Thomas West, are employed by primary dealers, LaTonya L. Small,
Tax Legislative Counsel, Office of Tax Policy. institutional investors, and other major Federal Advisory Committee Management
participants in the government Officer.
[FR Doc. 2017–11440 Filed 6–1–17; 8:45 am]
BILLING CODE 4810–25–P
securities and financial markets as well [FR Doc. 2017–11404 Filed 6–1–17; 8:45 am]
as recognized experts in the fields of BILLING CODE P
nlaroche on DSK30NT082PROD with NOTICES

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Document Created: 2017-06-02 00:37:54
Document Modified: 2017-06-02 00:37:54

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; extension of comment period.
Dates		The comment period for the notice published April 19, 2017 (82 FR 18536), is extended. Comments must be received on or before June 20, 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 25657