83_FR_18210 83 FR 18130 - Multiemployer Pension Plan Application To Reduce Benefits

83 FR 18130 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 80 (April 25, 2018)

Page Range18130-18131
FR Document2018-08698

The Board of Trustees of the Sheet Metal Workers Local 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 (MPRA). The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Sheet Metal Workers Local Pension Plan has been published on the website 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 Sheet Metal Workers Local Pension Plan.

Federal Register, Volume 83 Issue 80 (Wednesday, April 25, 2018) 
[Federal Register Volume 83, Number 80 (Wednesday, April 25, 2018)]
[Notices]
[Pages 18130-18131]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-08698]


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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 Sheet Metal Workers Local 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 (MPRA). The purpose of this notice is to 
announce that the application submitted by the Board of Trustees of the 
Sheet Metal Workers Local Pension Plan has been published on the 
website 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 Sheet Metal Workers Local Pension Plan.

DATES: Comments must be received by June 11, 2018.

ADDRESSES: You may submit comments electronically through the Federal 
eRulemaking Portal at http://www.regulations.gov, in accordance with 
the instructions on that site.

[[Page 18131]]

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 your 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 Sheet Metal Workers Local Pension Plan, please 
contact Treasury at (202) 622-1534 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 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 must be approved or denied in 
consultation with the Pension Benefit Guaranty Corporation (PBGC) and 
the Department of Labor.
    On March 30, 2018, the Board of Trustees of the Sheet Metal Workers 
Local 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 website at https://www.treasury.gov/services/Pages/Plan-Applications.aspx. Treasury is publishing this notice in the 
Federal Register, in consultation with PBGC and the Department of 
Labor, to solicit public comments on all aspects of the Sheet Metal 
Workers Local Pension Plan application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Sheet Metal Workers Local Pension Plan. 
Consideration will be given to any comments that are timely received by 
Treasury.

    Dated: April 19, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018-08698 Filed 4-24-18; 8:45 am]
 BILLING CODE 4810-25-P

18130 Federal Register / Vol. 83, No. 80 / Wednesday, April 25, 2018 / Notices other information in your comment or SUMMARY: The Board of Trustees of the with the Pension Benefit Guaranty supporting materials that you do not Plasterers Local 82 Pension Fund, a Corporation (PBGC) and the Department want publicly disclosed. Treasury will multiemployer pension plan, has of Labor. make comments available for public submitted an application to reduce On March 28, 2018, the Board of inspection and copying on benefits under the plan in accordance Trustees of the Plasterers Local 82 www.regulations.gov or upon request. with the Multiemployer Pension Reform Pension Fund submitted an application Comments posted on the internet can be Act of 2014 (MPRA). The purpose of for approval to reduce benefits under retrieved by most internet search this notice is to announce that the the plan. As required by MPRA, that engines. application submitted by the Board of application has been published on Trustees of the Plasterers Local 82 Treasury’s website at https:// FOR FURTHER INFORMATION CONTACT: For Pension Fund has been published on www.treasury.gov/services/Pages/Plan- information regarding the application the website of the Department of the Applications.aspx. Treasury is from the Sheet Metal Workers Local Treasury (Treasury), and to request publishing this notice in the Federal Pension Plan, please contact Treasury at public comments on the application Register, in consultation with PBGC and (202) 622–1534 (not a toll-free number). from interested parties, including the Department of Labor, to solicit SUPPLEMENTARY INFORMATION: MPRA participants and beneficiaries, employee public comments on all aspects of the amended the Internal Revenue Code to organizations, and contributing Plasterers Local 82 Pension Fund permit a multiemployer plan that is employers of the Plasterers Local 82 application. projected to have insufficient funds to Pension Fund. Comments are requested from reduce pension benefits payable to DATES: Comments must be received by interested parties, including participants and beneficiaries if certain June 11, 2018. participants and beneficiaries, employee conditions are satisfied. In order to ADDRESSES: You may submit comments organizations, and contributing reduce benefits, the plan sponsor is electronically through the Federal employers of the Plasterers Local 82 required to submit an application to the eRulemaking Portal at http:// Pension Fund. Consideration will be Secretary of the Treasury, which must www.regulations.gov, in accordance given to any comments that are timely be approved or denied in consultation with the instructions on that site. received by Treasury. with the Pension Benefit Guaranty Electronic submissions through Dated: April 19, 2018. Corporation (PBGC) and the Department www.regulations.gov are encouraged. David Kautter, of Labor. Comments may also be mailed to the Assistant Secretary for Tax Policy. On March 30, 2018, the Board of Department of the Treasury, MPRA Office, 1500 Pennsylvania Avenue NW, [FR Doc. 2018–08652 Filed 4–24–18; 8:45 am] Trustees of the Sheet Metal Workers Local Pension Plan submitted an Room 1224, Washington, DC 20220, BILLING CODE 4810–25–P application for approval to reduce Attn: Eric Berger. Comments sent via benefits under the plan. As required by facsimile and email will not be accepted. DEPARTMENT OF THE TREASURY MPRA, that application has been published on Treasury’s website at Additional Instructions. All comments received, including Multiemployer Pension Plan https://www.treasury.gov/services/ Application To Reduce Benefits Pages/Plan-Applications.aspx. Treasury attachments and other supporting is publishing this notice in the Federal materials, will be made available to the AGENCY: Department of the Treasury. Register, in consultation with PBGC and public. Do not include any personally ACTION:Notice of availability; Request the Department of Labor, to solicit identifiable information (such as your for comments. public comments on all aspects of the Social Security number, name, address, Sheet Metal Workers Local Pension Plan or other contact information) or any SUMMARY: The Board of Trustees of the application. other information in your comment or Sheet Metal Workers Local Pension supporting materials that you do not Plan, a multiemployer pension plan, has Comments are requested from want publicly disclosed. Treasury will submitted an application to reduce interested parties, including make comments available for public benefits under the plan in accordance participants and beneficiaries, employee inspection and copying on with the Multiemployer Pension Reform organizations, and contributing www.regulations.gov or upon request. Act of 2014 (MPRA). The purpose of employers of the Sheet Metal Workers Comments posted on the internet can be this notice is to announce that the Local Pension Plan. Consideration will retrieved by most internet search application submitted by the Board of be given to any comments that are engines. Trustees of the Sheet Metal Workers timely received by Treasury. FOR FURTHER INFORMATION CONTACT: For Local Pension Plan has been published Dated: April 19, 2018. on the website of the Department of the information regarding the application David Kautter, Treasury (Treasury), and to request from the Plasterers Local 82 Pension Assistant Secretary for Tax Policy. Fund, please contact Treasury at (202) public comments on the application [FR Doc. 2018–08699 Filed 4–24–18; 8:45 am] 622–1534 (not a toll-free number). from interested parties, including BILLING CODE 4810–25–P SUPPLEMENTARY INFORMATION: MPRA participants and beneficiaries, employee amended the Internal Revenue Code to organizations, and contributing permit a multiemployer plan that is employers of the Sheet Metal Workers DEPARTMENT OF THE TREASURY projected to have insufficient funds to Local Pension Plan. sradovich on DSK3GMQ082PROD with NOTICES reduce pension benefits payable to DATES: Comments must be received by Multiemployer Pension Plan June 11, 2018. Application To Reduce Benefits participants and beneficiaries if certain conditions are satisfied. In order to ADDRESSES: You may submit comments AGENCY: Department of the Treasury. reduce benefits, the plan sponsor is electronically through the Federal required to submit an application to the eRulemaking Portal at http:// ACTION:Notice of availability; Request Secretary of the Treasury, which must www.regulations.gov, in accordance for comments. be approved or denied in consultation with the instructions on that site. VerDate Sep<11>2014 19:12 Apr 24, 2018 Jkt 244001 PO 00000 Frm 00138 Fmt 4703 Sfmt 4703 E:\FR\FM\25APN1.SGM 25APN1

Federal Register / Vol. 83, No. 80 / Wednesday, April 25, 2018 / Notices 18131 Electronic submissions through Dated: April 19, 2018. functions, including whether the www.regulations.gov are encouraged. David Kautter, information will have practical utility; Comments may also be mailed to the Assistant Secretary for Tax Policy. (2) the accuracy of VBA’s estimate of the Department of the Treasury, MPRA [FR Doc. 2018–08698 Filed 4–24–18; 8:45 am] burden of the proposed collection of Office, 1500 Pennsylvania Avenue NW, BILLING CODE 4810–25–P information; (3) ways to enhance the Room 1224, Washington, DC 20220, quality, utility, and clarity of the Attn: Eric Berger. Comments sent via information to be collected; and (4) facsimile and email will not be ways to minimize the burden of the DEPARTMENT OF VETERANS accepted. collection of information on Additional Instructions. All AFFAIRS respondents, including through the use comments received, including [OMB Control No. 2900–0113] of automated collection techniques or attachments and other supporting materials, will be made available to the Agency Information Collection the use of other forms of information public. Do not include any personally Activity: Application for Fee or Roster technology. identifiable information (such as your Personnel Designation Authority: 38 CFR 36.4301; Public Law Social Security number, name, address, AGENCY: Veterans Benefits 104–13; 44 U.S.C. 3501–21. or other contact information) or any Administration, Department of Veterans other information in your comment or Title: Application for Fee or Roster Affairs. Personnel Designation. supporting materials that you do not ACTION: Notice. want publicly disclosed. Treasury will OMB Control Number: 2900–0113. make comments available for public SUMMARY: Veterans Benefits Type of Review: Extension of a inspection and copying on Administration, Department of Veterans currently approved collection. www.regulations.gov or upon request. Affairs (VA), is announcing an Comments posted on the internet can be Abstract: VA uses fee basis appraisers opportunity for public comment on the to appraise residential real estate and retrieved by most internet search proposed collection of certain engines. recommend value for loan purposes. A information by the agency. Under the fee appraiser is a qualified person FOR FURTHER INFORMATION CONTACT: For Paperwork Reduction Act (PRA) of information regarding the application 1995, Federal agencies are required to requested by the Secretary to render an from the Sheet Metal Workers Local publish notice in the Federal Register estimate of the reasonable value of a Pension Plan, please contact Treasury at concerning each proposed collection of property, or of a specified type of (202) 622–1534 (not a toll-free number). information, including each proposed property, within a stated area for the SUPPLEMENTARY INFORMATION: MPRA extension of a currently approved purpose of justifying the extension of amended the Internal Revenue Code to collection, and allow 60 days for public credit to an eligible veteran (38 CFR permit a multiemployer plan that is comment in response to the notice. 36.4301). The fee appraiser’s estimate of projected to have insufficient funds to DATES: Written comments and value is reviewed by a VA staff reduce pension benefits payable to recommendations on the proposed appraiser or lender’s staff appraisal participants and beneficiaries if certain collection of information should be reviewer who uses the data to establish conditions are satisfied. In order to received on or before June 25, 2018. the VA reasonable value (38 U.S.C. reduce benefits, the plan sponsor is ADDRESSES: Submit written comments 3710(b)(4), (5), (6) and 3731(f)(1)), required to submit an application to the on the collection of information through which becomes the maximum loan Secretary of the Treasury, which must Federal Docket Management System guaranty amount an eligible veteran can be approved or denied in consultation (FDMS) at www.Regulations.gov or to obtain. with the Pension Benefit Guaranty Nancy J. Kessinger, Veterans Benefits Affected Public: Private Sector. Corporation (PBGC) and the Department Administration (20M33), Department of of Labor. Estimated Annual Burden: 1,000 Veterans Affairs, 810 Vermont Avenue hours. On March 30, 2018, the Board of NW, Washington, DC 20420 or email to Trustees of the Sheet Metal Workers nancy.kessinger@va.gov. Please refer to Estimated Average Burden per Local Pension Plan submitted an ‘‘OMB Control No. 2900–0113’’ in any Respondent: 30 minutes. application for approval to reduce correspondence. During the comment Frequency of Response: One time. benefits under the plan. As required by period, comments may be viewed online MPRA, that application has been Estimated Number of Respondents: through the FDMS. published on Treasury’s website at 2,000 per year. FOR FURTHER INFORMATION CONTACT: https://www.treasury.gov/services/ By direction of the Secretary. Cynthia D. Harvey-Pryor at (202) 461– Pages/Plan-Applications.aspx. Treasury Cynthia D. Harvey-Pryor, 5870. is publishing this notice in the Federal Department Clearance Officer, Office of Register, in consultation with PBGC and SUPPLEMENTARY INFORMATION: Under the Quality, Privacy and Risk, Department of the Department of Labor, to solicit PRA of 1995, Federal agencies must Veterans Affairs. public comments on all aspects of the obtain approval from the Office of [FR Doc. 2018–08606 Filed 4–24–18; 8:45 am] Sheet Metal Workers Local Pension Plan Management and Budget (OMB) for each collection of information they conduct BILLING CODE 8320–01–P application. Comments are requested from or sponsor. This request for comment is sradovich on DSK3GMQ082PROD with NOTICES interested parties, including being made pursuant to Section participants and beneficiaries, employee 3506(c)(2)(A) of the PRA. organizations, and contributing With respect to the following employers of the Sheet Metal Workers collection of information, VBA invites Local Pension Plan. Consideration will comments on: (1) Whether the proposed be given to any comments that are collection of information is necessary timely received by Treasury. for the proper performance of VBA’s VerDate Sep<11>2014 19:12 Apr 24, 2018 Jkt 244001 PO 00000 Frm 00139 Fmt 4703 Sfmt 9990 E:\FR\FM\25APN1.SGM 25APN1


Document Created: 2018-11-02 08:17:50
Document Modified: 2018-11-02 08:17:50
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 11, 2018.
ContactFor information regarding the application from the Sheet Metal Workers Local Pension Plan, please contact Treasury at (202) 622-1534 (not a toll-free number).
FR Citation83 FR 18130 
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