83_FR_35459 83 FR 35316 - Multiemployer Pension Plan Application To Reduce Benefits

83 FR 35316 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

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

Page Range35316-35316
FR Document2018-15888

The Board of Trustees of the Mid-Jersey Trucking Industry and Local No. 701 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 (MPRA). The purpose of this notice is to announce that the application submitted by the Board of Trustees of the Mid-Jersey Trucking Industry and Local No. 701 Pension Fund 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 Mid-Jersey Trucking Industry and Local No. 701 Pension Fund.

Federal Register, Volume 83 Issue 143 (Wednesday, July 25, 2018) 
[Federal Register Volume 83, Number 143 (Wednesday, July 25, 2018)]
[Notices]
[Page 35316]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15888]


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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 Mid-Jersey Trucking Industry and 
Local No. 701 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 (MPRA). The purpose of this 
notice is to announce that the application submitted by the Board of 
Trustees of the Mid-Jersey Trucking Industry and Local No. 701 Pension 
Fund 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 Mid-Jersey 
Trucking Industry and Local No. 701 Pension Fund.

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 Mid-Jersey Trucking Industry and Local No. 701 
Pension Fund, 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 27, 2018, the Board of Trustees of the Mid-Jersey Trucking 
Industry and Local No. 701 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 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 Mid-Jersey Trucking Industry and Local No. 701 Pension 
Fund application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Mid-Jersey Trucking Industry and Local 
No. 701 Pension Fund. 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. 2018-15888 Filed 7-24-18; 8:45 am]
 BILLING CODE 4810-25-P

35316 Federal Register / Vol. 83, No. 143 / Wednesday, July 25, 2018 / Notices materials, will be made available to the Dated: July 18, 2018. other information in your comment or public. Do not include any personally David Kautter, supporting materials that you do not identifiable information (such as your Assistant Secretary for Tax Policy. want publicly disclosed. Treasury will Social Security number, name, address, [FR Doc. 2018–15886 Filed 7–24–18; 8:45 am] make comments available for public or other contact information) or any BILLING CODE 4810–25–P inspection and copying on other information in your comment or www.regulations.gov or upon request. supporting materials that you do not Comments posted on the internet can be want publicly disclosed. Treasury will DEPARTMENT OF THE TREASURY retrieved by most internet search make comments available for public engines. Multiemployer Pension Plan inspection and copying on FOR FURTHER INFORMATION CONTACT: For Application To Reduce Benefits www.regulations.gov or upon request. information regarding the application Comments posted on the internet can be AGENCY: Department of the Treasury. from the Mid-Jersey Trucking Industry retrieved by most internet search ACTION:Notice of availability; request and Local No. 701 Pension Fund, please engines. for comments. contact Treasury at (202) 622–1534 (not a toll-free number). FOR FURTHER INFORMATION CONTACT: For SUMMARY: The Board of Trustees of the information regarding the application Mid-Jersey Trucking Industry and Local SUPPLEMENTARY INFORMATION: MPRA from the Local 807 Labor-Management No. 701 Pension Fund, a multiemployer amended the Internal Revenue Code to Pension Plan, please contact Treasury at pension plan, has submitted an permit a multiemployer plan that is (202) 622–1534 (not a toll-free number). application to reduce benefits under the projected to have insufficient funds to plan in accordance with the reduce pension benefits payable to SUPPLEMENTARY INFORMATION: MPRA Multiemployer Pension Reform Act of participants and beneficiaries if certain amended the Internal Revenue Code to 2014 (MPRA). The purpose of this conditions are satisfied. In order to permit a multiemployer plan that is notice is to announce that the reduce benefits, the plan sponsor is projected to have insufficient funds to application submitted by the Board of required to submit an application to the reduce pension benefits payable to Trustees of the Mid-Jersey Trucking Secretary of the Treasury, which must participants and beneficiaries if certain Industry and Local No. 701 Pension be approved or denied in consultation conditions are satisfied. In order to Fund has been published on the website with the Pension Benefit Guaranty reduce benefits, the plan sponsor is of the Department of the Treasury Corporation (PBGC) and the Department required to submit an application to the (Treasury), and to request public of Labor. Secretary of the Treasury, which must comments on the application from On June 27, 2018, the Board of be approved or denied in consultation interested parties, including Trustees of the Mid-Jersey Trucking participants and beneficiaries, employee Industry and Local No. 701 Pension with the Pension Benefit Guaranty organizations, and contributing Fund submitted an application for Corporation (PBGC) and the Department employers of the Mid-Jersey Trucking approval to reduce benefits under the of Labor. Industry and Local No. 701 Pension plan. As required by MPRA, that On June 29, 2018, the Board of Fund. application has been published on Trustees of the Local 807 Labor- DATES: Comments must be received by Treasury’s website at https:// Management Pension Plan submitted an September 10, 2018. www.treasury.gov/services/Pages/Plan- application for approval to reduce ADDRESSES: You may submit comments Applications.aspx. Treasury is benefits under the plan. As required by electronically through the Federal publishing this notice in the Federal MPRA, that application has been eRulemaking Portal at http:// Register, in consultation with PBGC and published on Treasury’s website at www.regulations.gov, in accordance the Department of Labor, to solicit https://www.treasury.gov/services/ with the instructions on that site. public comments on all aspects of the Pages/Plan-Applications.aspx. Treasury Electronic submissions through Mid-Jersey Trucking Industry and Local is publishing this notice in the Federal www.regulations.gov are encouraged. No. 701 Pension Fund application. Register, in consultation with PBGC and Comments may also be mailed to the Comments are requested from the Department of Labor, to solicit Department of the Treasury, MPRA interested parties, including public comments on all aspects of the Office, 1500 Pennsylvania Avenue NW, participants and beneficiaries, employee Local 807 Labor-Management Pension Room 1224, Washington, DC 20220, organizations, and contributing Plan application. Attn: Danielle Norris. Comments sent employers of the Mid-Jersey Trucking Comments are requested from via facsimile or email will not be Industry and Local No. 701 Pension accepted. Fund. Consideration will be given to interested parties, including Additional Instructions. All participants and beneficiaries, employee any comments that are timely received comments received, including by Treasury. organizations, and contributing attachments and other supporting employers of the Local 807 Labor- materials, will be made available to the Dated: July 18, 2018. Management Pension Plan. public. Do not include any personally David Kautter, Consideration will be given to any identifiable information (such as your Assistant Secretary for Tax Policy. comments that are timely received by Social Security number, name, address, [FR Doc. 2018–15888 Filed 7–24–18; 8:45 am] Treasury. or other contact information) or any BILLING CODE 4810–25–P daltland on DSKBBV9HB2PROD with NOTICES VerDate Sep<11>2014 18:50 Jul 24, 2018 Jkt 244001 PO 00000 Frm 00115 Fmt 4703 Sfmt 9990 E:\FR\FM\25JYN1.SGM 25JYN1


Document Created: 2018-07-25 00:44:34
Document Modified: 2018-07-25 00:44:34
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 Mid-Jersey Trucking Industry and Local No. 701 Pension Fund, please contact Treasury at (202) 622-1534 (not a toll- free number).
FR Citation83 FR 35316 
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