82 FR 44492 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 82, Issue 183 (September 22, 2017)

Page Range		44492-44492
FR Document		2017-20259

The Board of Trustees of the Western States Office and Professional Employees Pension Fund (WSOPE 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 WSOPE 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 WSOPE Pension Fund.

Federal Register, Volume 82 Issue 183 (Friday, September 22, 2017)

[Federal Register Volume 82, Number 183 (Friday, September 22, 2017)]
[Notices]
[Page 44492]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2017-20259]

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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 Western States Office and
Professional Employees Pension Fund (WSOPE 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 WSOPE 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 WSOPE Pension Fund.

DATES: Comments must be received by November 6, 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 WSOPE 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 August 24, 2017, the Board of Trustees of the WSOPE 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 WSOPE Pension Fund
application.
Comments are requested from interested parties, including
participants and beneficiaries, employee organizations, and
contributing employers of the WSOPE Pension Fund. Consideration will be
given to any comments that are timely received by Treasury.

Dated: September 18, 2017.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2017-20259 Filed 9-21-17; 8:45 am]
BILLING CODE 4810-25-P

$44492 Federal Register / Vol. 82, No. 183 / Friday, September 22, 2017 / Notices accordance with the Paperwork Authority: 44 U.S.C. 3501 et seq. information in your comment or Reduction Act of 1995, on or after the Dated: September 18, 2017. supporting materials that you do not date of publication of this notice. The Spencer W. Clark, want publicly disclosed. Treasury will public is invited to submit comments on Treasury PRA Clearance Officer. make comments available for public these requests. [FR Doc. 2017–20185 Filed 9–21–17; 8:45 am] inspection and copying on DATES: Comments should be received on www.regulations.gov or upon request. BILLING CODE 4810–AS–P or before October 23, 2017 to be assured Comments posted on the Internet can be of consideration. retrieved by most Internet search ADDRESSES: Send comments regarding DEPARTMENT OF THE TREASURY engines. the burden estimate, or any other aspect FOR FURTHER INFORMATION CONTACT: For of the information collection, including Multiemployer Pension Plan information regarding the application suggestions for reducing the burden, to Application To Reduce Benefits from the WSOPE Pension Fund, please (1) Office of Information and Regulatory AGENCY: Department of the Treasury. contact Treasury at (202) 622–1534 (not Affairs, Office of Management and a toll-free number). ACTION:Notice of availability; Request Budget, Attention: Desk Officer for for comments. SUPPLEMENTARY INFORMATION: The Treasury, New Executive Office Building, Room 10235, Washington, DC SUMMARY: The Board of Trustees of the Multiemployer Pension Reform Act of 20503, or email at OIRA_Submission@ Western States Office and Professional 2014 (MPRA) amended the Internal OMB.EOP.gov and (2) Treasury PRA Employees Pension Fund (WSOPE Revenue Code to permit a Clearance Officer, 1750 Pennsylvania Pension Fund), a multiemployer multiemployer plan that is projected to Ave. NW., Suite 8142, Washington, DC pension plan, has submitted an have insufficient funds to reduce 20220, or email at PRA@treasury.gov. application to reduce benefits under the pension benefits payable to participants FOR FURTHER INFORMATION CONTACT: plan in accordance with the and beneficiaries if certain conditions Copies of the submissions may be Multiemployer Pension Reform Act of are satisfied. In order to reduce benefits, obtained from Jennifer Leonard by 2014. The purpose of this notice is to the plan sponsor is required to submit emailing PRA@treasury.gov, calling announce that the application submitted an application to the Secretary of the (202) 622–0489, or viewing the entire by the Board of Trustees of the WSOPE Treasury, which Treasury, in information collection request at Pension Fund has been published on consultation with the Pension Benefit www.reginfo.gov. the Treasury Web site, and to request Guaranty Corporation (PBGC) and the public comments on the application Department of Labor, is required to SUPPLEMENTARY INFORMATION: approve or deny. from interested parties, including Bureau of the Fiscal Service (FS) participants and beneficiaries, employee On August 24, 2017, the Board of Title: U.S. Treasury Auctions organizations, and contributing Trustees of the WSOPE Pension Fund Submitter Agreement. employers of the WSOPE Pension Fund. submitted an application for approval to OMB Control Number: 1530–0056. DATES: Comments must be received by reduce benefits under the plan. As Type of Review: Extension without November 6, 2017. required by MPRA, that application has change of a currently approved ADDRESSES: You may submit comments been published on Treasury’s Web site collection. electronically through the Federal at https://auth.treasury.gov/services/ Abstract: Chapter 31 of Title 31 of the eRulemaking Portal at http:// Pages/Plan-Applications.aspx. Treasury United States code authorizes the www.regulations.gov, in accordance is publishing this notice in the Federal Secretary of the Treasury to issue with the instructions on that site. Register, in consultation with the PBGC United States obligations and to offer Electronic submissions through and the Department of Labor, to solicit them for sale under such terms and www.regulations.gov are encouraged. public comments on all aspects of the conditions as the Secretary may Comments may also be mailed to the WSOPE Pension Fund application. prescribe. Submitters in U.S. Treasury Department of the Treasury, MPRA Comments are requested from auctions are required by Federal Office, 1500 Pennsylvania Avenue NW., interested parties, including Regulation 31 CFR part 356.16(a) to Room 1224, Washington, DC 20220. participants and beneficiaries, employee have an agreement on file prior to Attn: Eric Berger. Comments sent via organizations, and contributing submitting a computer tender in facsimile and email will not be employers of the WSOPE Pension Fund. Treasury auctions. This information is accepted. Consideration will be given to any only required of organizations that Additional Instructions. All comments that are timely received by voluntarily choose to submit tenders comments received, including Treasury. directly in Treasury auctions. attachments and other supporting materials, will be made available to the Dated: September 18, 2017. Form: FS Form 5441. Affected Public: Businesses or other public. Do not include any personally David Kautter, for-profits. identifiable information (such as Social Assistant Secretary for Tax Policy. Estimated Total Annual Burden Security number, name, address, or [FR Doc. 2017–20259 Filed 9–21–17; 8:45 am] Hours: 80. other contact information) or any other BILLING CODE 4810–25–P VerDate Sep<11>2014 18:11 Sep 21, 2017 Jkt 241001 PO 00000 Frm 00117 Fmt 4703 Sfmt 9990 E:\FR\FM\22SEN1.SGM 22SEN1$

Document Created: 2017-09-22 01:52:26
Document Modified: 2017-09-22 01:52:26

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 November 6, 2017.
Contact		For information regarding the application from the WSOPE Pension Fund, please contact Treasury at (202) 622-1534 (not a toll-free number).
FR Citation		82 FR 44492