83_FR_35458 83 FR 35315 - Multiemployer Pension Plan Application To Reduce Benefits

83 FR 35315 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 143 (July 25, 2018)

Page Range35315-35315
FR Document2018-15889

The Board of Trustees of the Southwest Ohio Regional Council of Carpenters 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 Southwest Ohio Regional Council of Carpenters 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 Southwest Ohio Regional Council of Carpenters Pension Plan.

Federal Register, Volume 83 Issue 143 (Wednesday, July 25, 2018) 
[Federal Register Volume 83, Number 143 (Wednesday, July 25, 2018)]
[Notices]
[Page 35315]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15889]


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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, 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 Southwest Ohio Regional Council of Carpenters 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 Southwest 
Ohio Regional Council of Carpenters Pension Plan.

DATES: Comments must be received by September 10, 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. 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: Danielle Norris. Comments sent via facsimile or 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 Southwest Ohio Regional Council of Carpenters 
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 June 29, 2018, the Board of Trustees of the Southwest Ohio 
Regional Council of Carpenters 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 Southwest Ohio Regional Council of Carpenters Pension 
Plan application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Southwest Ohio Regional Council of 
Carpenters Pension Plan. Consideration will be given to any comments 
that are timely received by Treasury.

    Dated: July 18, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018-15889 Filed 7-24-18; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 83, No. 143 / Wednesday, July 25, 2018 / Notices 35315 permit a multiemployer plan that is organizations, and contributing Register, in consultation with PBGC and projected to have insufficient funds to employers of the Southwest Ohio the Department of Labor, to solicit reduce pension benefits payable to Regional Council of Carpenters Pension public comments on all aspects of the participants and beneficiaries if certain Plan. Southwest Ohio Regional Council of conditions are satisfied. In order to DATES: Comments must be received by Carpenters Pension Plan application. reduce benefits, the plan sponsor is September 10, 2018. Comments are requested from required to submit an application to the ADDRESSES: You may submit comments interested parties, including Secretary of the Treasury, which must electronically through the Federal participants and beneficiaries, employee be approved or denied in consultation eRulemaking Portal at http:// organizations, and contributing with the Pension Benefit Guaranty www.regulations.gov, in accordance employers of the Southwest Ohio Corporation (PBGC) and the Department with the instructions on that site. Regional Council of Carpenters Pension of Labor. Electronic submissions through Plan. Consideration will be given to any On June 25, 2018, the Board of www.regulations.gov are encouraged. comments that are timely received by Trustees of the Toledo Roofers Local No. Comments may also be mailed to the Treasury. 134 Pension Plan submitted an Department of the Treasury, MPRA Dated: July 18, 2018. application for approval to reduce Office, 1500 Pennsylvania Avenue NW, David Kautter, benefits under the plan. As required by Room 1224, Washington, DC 20220, MPRA, that application has been Assistant Secretary for Tax Policy. Attn: Danielle Norris. Comments sent published on Treasury’s website at [FR Doc. 2018–15889 Filed 7–24–18; 8:45 am] via facsimile or email will not be https://www.treasury.gov/services/ accepted. BILLING CODE 4810–25–P Pages/Plan-Applications.aspx. Treasury Additional Instructions. All is publishing this notice in the Federal comments received, including Register, in consultation with PBGC and attachments and other supporting DEPARTMENT OF THE TREASURY the Department of Labor, to solicit materials, will be made available to the Multiemployer Pension Plan public comments on all aspects of the public. Do not include any personally Application To Reduce Benefits Toledo Roofers Local No. 134 Pension identifiable information (such as your Plan application. Social Security number, name, address, AGENCY: Department of the Treasury. Comments are requested from or other contact information) or any ACTION:Notice of availability; request interested parties, including other information in your comment or for comments. participants and beneficiaries, employee supporting materials that you do not organizations, and contributing want publicly disclosed. Treasury will SUMMARY: The Board of Trustees of the employers of the Toledo Roofers Local make comments available for public Local 807 Labor-Management Pension No. 134 Pension Plan. Consideration inspection and copying on Plan, a multiemployer pension plan, has will be given to any comments that are www.regulations.gov or upon request. submitted an application to reduce timely received by Treasury. Comments posted on the internet can be benefits under the plan in accordance Dated: July 18, 2018. retrieved by most internet search with the Multiemployer Pension Reform David Kautter, engines. Act of 2014 (MPRA). The purpose of Assistant Secretary for Tax Policy. FOR FURTHER INFORMATION CONTACT: For this notice is to announce that the [FR Doc. 2018–15881 Filed 7–24–18; 8:45 am] information regarding the application application submitted by the Board of from the Southwest Ohio Regional Trustees of the Local 807 Labor- BILLING CODE 4810–25–P Council of Carpenters Pension Plan, Management Pension Plan has been please contact Treasury at (202) 622– published on the website of the DEPARTMENT OF THE TREASURY 1534 (not a toll-free number). Department of the Treasury (Treasury), and to request public comments on the SUPPLEMENTARY INFORMATION: MPRA Multiemployer Pension Plan application from interested parties, amended the Internal Revenue Code to Application To Reduce Benefits including participants and beneficiaries, permit a multiemployer plan that is employee organizations, and AGENCY: Department of the Treasury. projected to have insufficient funds to contributing employers of the Local 807 ACTION:Notice of availability; request reduce pension benefits payable to Labor-Management Pension Plan. for comments. participants and beneficiaries if certain conditions are satisfied. In order to DATES: Comments must be received by SUMMARY: The Board of Trustees of the reduce benefits, the plan sponsor is September 10, 2018. Southwest Ohio Regional Council of required to submit an application to the ADDRESSES: You may submit comments Carpenters Pension Plan, a Secretary of the Treasury, which must electronically through the Federal multiemployer pension plan, has be approved or denied in consultation eRulemaking Portal at http:// submitted an application to reduce with the Pension Benefit Guaranty www.regulations.gov, in accordance benefits under the plan in accordance Corporation (PBGC) and the Department with the instructions on that site. with the Multiemployer Pension Reform of Labor. Electronic submissions through Act of 2014 (MPRA). The purpose of On June 29, 2018, the Board of www.regulations.gov are encouraged. this notice is to announce that the Trustees of the Southwest Ohio Comments may also be mailed to the application submitted by the Board of Regional Council of Carpenters Pension Department of the Treasury, MPRA Trustees of the Southwest Ohio Plan submitted an application for Office, 1500 Pennsylvania Avenue NW, daltland on DSKBBV9HB2PROD with NOTICES Regional Council of Carpenters Pension approval to reduce benefits under the Room 1224, Washington, DC 20220, Plan has been published on the website plan. As required by MPRA, that Attn: Danielle Norris. Comments sent of the Department of the Treasury application has been published on via facsimile or email will not be (Treasury), and to request public Treasury’s website at https:// accepted. comments on the application from www.treasury.gov/services/Pages/Plan- Additional Instructions. All interested parties, including Applications.aspx. Treasury is comments received, including participants and beneficiaries, employee publishing this notice in the Federal attachments and other supporting VerDate Sep<11>2014 18:50 Jul 24, 2018 Jkt 244001 PO 00000 Frm 00114 Fmt 4703 Sfmt 4703 E:\FR\FM\25JYN1.SGM 25JYN1


Document Created: 2018-07-25 00:44:12
Document Modified: 2018-07-25 00:44:12
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 September 10, 2018.
ContactFor information regarding the application from the Southwest Ohio Regional Council of Carpenters Pension Plan, please contact Treasury at (202) 622-1534 (not a toll- free number).
FR Citation83 FR 35315 
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