83_FR_54160 83 FR 53953 - Multiemployer Pension Plan Application To Reduce Benefits

83 FR 53953 - Multiemployer Pension Plan Application To Reduce Benefits

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 207 (October 25, 2018)

Page Range53953-53954
FR Document2018-23433

The Board of Trustees of the Western Pennsylvania Teamsters & Employers 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 Western Pennsylvania Teamsters & Employers 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 Western Pennsylvania Teamsters & Employers Pension Fund.

Federal Register, Volume 83 Issue 207 (Thursday, October 25, 2018) 
[Federal Register Volume 83, Number 207 (Thursday, October 25, 2018)]
[Notices]
[Pages 53953-53954]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-23433]


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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 Pennsylvania Teamsters & 
Employers Pension Fund, a multiemployer pension plan, has

[[Page 53954]]

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 Western Pennsylvania 
Teamsters & Employers 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 Western Pennsylvania Teamsters & 
Employers Pension Fund.

DATES: Comments must be received by December 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 Western Pennsylvania Teamsters & Employers 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 September 24, 2018, the Board of Trustees of the Western 
Pennsylvania Teamsters & Employers 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 Western Pennsylvania Teamsters & 
Employers Pension Fund application.
    Comments are requested from interested parties, including 
participants and beneficiaries, employee organizations, and 
contributing employers of the Western Pennsylvania Teamsters & 
Employers Pension Fund. Consideration will be given to any comments 
that are timely received by Treasury.

    Dated: October 22, 2018.
David Kautter,
Assistant Secretary for Tax Policy.
[FR Doc. 2018-23433 Filed 10-24-18; 8:45 am]
 BILLING CODE 4810-25-P

Federal Register / Vol. 83, No. 207 / Thursday, October 25, 2018 / Notices 53953 of the annual medical certification to percentage of ocean freight revenues/ legislative responsibility to monitor the employer for retention in the tonnage. We are required to publish this Export-Import Bank-financed cargoes driver’s qualification file, or keep a copy notice in the Federal Register by the that are transported on U.S.-flag vessels, of his/her driver’s qualification file if Paperwork Reduction Act of 1995, recipient flag vessels and on third-flag he/she is self-employed. The driver Public Law 104–13. vessels according to the determinations must also have a copy of the exemption DATES: Comments must be submitted on and certifications of vessel non- when driving, for presentation to a duly or before December 24, 2018. availability that have been granted. The authorized Federal, State, or local ADDRESSES: You may submit comments compilation of the statistics from the enforcement official. The exemption identified by Docket No. MARAD– shipping reports forms the basis for will be rescinded if: (1) The person fails 2018–0157 through one of the following determining compliance with PR 17 for to comply with the terms and methods: each loan participant. This information conditions of the exemption; (2) the • Federal eRulemaking Portal: http:// is also provided to the Export-Import exemption has resulted in a lower level www.regulations.gov. Search using the Bank, and is the nucleus for conducting of safety than was maintained before it above DOT docket number and follow annual reviews of the shipping activities was granted; or (3) continuation of the the online instructions for submitting of the Export-Import Bank programs. exemption would not be consistent with comments. MARAD uses the information the goals and objectives of 49 U.S.C. • Fax: 1–202–493–2251. collected as part of the Transparency 31136(e) and 31315. • Mail or Hand Delivery: Docket Initiative to share with the Export- VI. Preemption Management Facility, U.S. Department Import Bank. MARAD also intends to of Transportation, 1200 New Jersey use the information to assist Ex-Im Bank During the period the exemption is in shippers with finding suitable U.S.-flag Avenue SE, West Building, Room W12– effect, no State shall enforce any law or vessels and in support of the 140, Washington, DC 20590, between 9 regulation that conflicts with this determinations MARAD makes with a.m. and 5 p.m., Monday through exemption with respect to a person respect to requests from Export-Import Friday, except on Federal holidays. operating under the exemption. Comments are invited on: (a) Whether Bank shippers for certifications of non- VII. Conclusion the proposed collection of information availability. is necessary for the Department’s Respondents: All Export-Import Bank Based on its evaluation of the three loan and certain loan guarantee exemption applications, FMCSA renews performance; (b) the accuracy of the estimated burden; (c) ways for the recipients and designated the exemptions of the aforementioned representatives charged with the drivers from the epilepsy and seizure Department to enhance the quality, utility and clarity of the information responsibility of monthly and annual disorders prohibition in 49 CFR 391.41 reporting. These can be a contractor, (b)(8). In accordance with 49 U.S.C. collection; and (d) ways that the burden could be minimized without reducing ocean transportation intermediary, 31136(e) and 31315, each exemption supplier, etc. will be valid for two years unless the quality of the collected information. The agency will summarize and/or Affected Public: Business and/or other revoked earlier by FMCSA. for Profit. include your comments in the request Issued on: October 17, 2018. for OMB’s clearance of this information Estimated Number of Respondents: Larry W. Minor, collection. 28. Associate Administrator for Policy. FOR FURTHER INFORMATION CONTACT: Jan Estimated Number of Responses: 364. [FR Doc. 2018–23328 Filed 10–24–18; 8:45 am] Downing, 202–366–0783, Office of Estimated Hours per Response: 1.5. Annual Estimated Total Annual BILLING CODE 4910–EX–P Cargo and Commercial Sealift, Maritime Burden Hours: 196. Administration, U.S. Department of Frequency of Response: Monthly. Transportation, 1200 New Jersey DEPARTMENT OF TRANSPORTATION Avenue SE, Room W23–308, Authority: The Paperwork Reduction Act Washington, DC 20590. of 1995; 44 U.S.C. Chapter 35, as amended; Maritime Administration and 49 CFR 1.93. SUPPLEMENTARY INFORMATION: [Docket No. MARAD–2018–0157] Title: Monthly Report of Ocean * * * * * Shipments Moving Under Export-Import Dated: October 22, 2018. Request for Comments on the Renewal Bank Financing. By Order of the Maritime Administrator. of a Previously Approved Information OMB Control Number: 2133–0013. Collection: Monthly Report of Ocean T. Mitchell Hudson, Jr. Type of Request: Renewal of a Secretary, Maritime Administration. Shipments Moving Under Export- Previously Approved Information Import Bank Financing [FR Doc. 2018–23318 Filed 10–24–18; 8:45 am] Collection. BILLING CODE 4910–81–P AGENCY: Maritime Administration, DOT. Abstract: The information collection ACTION: Notice and request for will be used by MARAD to monitor comments. compliance with the cargo preference laws by parties covered under PR 17 DEPARTMENT OF THE TREASURY SUMMARY: The Maritime Administration and 46 CFR part 381. In addition, (MARAD) invites public comments on Multiemployer Pension Plan MARAD will use the information to our intention to request the Office of Application To Reduce Benefits compile annual information on Export- Management and Budget (OMB) Import Bank-financed shipments, and AGENCY: Department of the Treasury. daltland on DSKBBV9HB2PROD with NOTICES approval to renew an information when applicable, to provide for an ACTION:Notice of availability; Request collection. The collection involves informal grievance procedure, in the for comments. documenting shipments made during event there is a question or complaint the life of certain EXIM Bank financed pertaining to cargo preference matters. SUMMARY: The Board of Trustees of the projects. The information to be collected The monthly shipping reports, with Western Pennsylvania Teamsters & is necessary for MARAD to fulfill its substantiating documents, will provide Employers Pension Fund, a legislative requirement to monitor the the only basis for MARAD to exercise its multiemployer pension plan, has VerDate Sep<11>2014 18:10 Oct 24, 2018 Jkt 247001 PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 E:\FR\FM\25OCN1.SGM 25OCN1

53954 Federal Register / Vol. 83, No. 207 / Thursday, October 25, 2018 / Notices submitted an application to reduce Corporation (PBGC) and the Department OMB.EOP.gov and (2) Treasury PRA benefits under the plan in accordance of Labor. Clearance Officer, 1750 Pennsylvania with the Multiemployer Pension Reform On September 24, 2018, the Board of Ave. NW, Suite 8100, Washington, DC Act of 2014 (MPRA). The purpose of Trustees of the Western Pennsylvania 20220, or email at PRA@treasury.gov. this notice is to announce that the Teamsters & Employers Pension Fund FOR FURTHER INFORMATION CONTACT: application submitted by the Board of submitted an application for approval to Copies of the submissions may be Trustees of the Western Pennsylvania reduce benefits under the plan. As obtained from Jennifer Quintana by Teamsters & Employers Pension Fund required by MPRA, that application has emailing PRA@treasury.gov, calling has been published on the website of been published on Treasury’s website at (202) 622–0489, or viewing the entire the Department of the Treasury https://www.treasury.gov/services/ information collection request at (Treasury), and to request public Pages/Plan-Applications.aspx. Treasury www.reginfo.gov. comments on the application from is publishing this notice in the Federal interested parties, including SUPPLEMENTARY INFORMATION: Register, in consultation with PBGC and participants and beneficiaries, employee the Department of Labor, to solicit Tax and Trade Bureau (TTB) organizations, and contributing public comments on all aspects of the employers of the Western Pennsylvania 1. Title: Brewer’s Report of Operations Western Pennsylvania Teamsters & and Quarterly Brewer’s Report of Teamsters & Employers Pension Fund. Employers Pension Fund application. Operations. DATES: Comments must be received by Comments are requested from OMB Control Number: 1513–0007. December 10, 2018. interested parties, including Type of Review: Extension without ADDRESSES: You may submit comments participants and beneficiaries, employee change of a currently approved electronically through the Federal organizations, and contributing collection. eRulemaking Portal at http:// employers of the Western Pennsylvania Description: The Internal Revenue www.regulations.gov, in accordance Teamsters & Employers Pension Fund. Code (IRC) at 26 U.S.C. 5415 requires with the instructions on that site. Consideration will be given to any that all brewers furnish reports of Electronic submissions through comments that are timely received by operations and transactions in the form, www.regulations.gov are encouraged. Treasury. at the times, and for such periods as the Comments may also be mailed to the Dated: October 22, 2018. Secretary of the Treasury prescribes by Department of the Treasury, MPRA regulation. Under that authority, the David Kautter, Office, 1500 Pennsylvania Avenue NW, TTB regulations require brewers to file Assistant Secretary for Tax Policy. Room 1224, Washington, DC 20220, [FR Doc. 2018–23433 Filed 10–24–18; 8:45 am] monthly operations reports using TTB F Attn: Danielle Norris. Comments sent 5130.9, Brewer’s Report of Operations, if via facsimile or email will not be BILLING CODE 4810–25–P they anticipate an annual Federal excise accepted. Additional Instructions. All tax liability of $50,000 or more for beer comments received, including DEPARTMENT OF THE TREASURY in a given calendar year. For brewers attachments and other supporting that anticipate a liability of less than materials, will be made available to the Agency Information Collection $50,000 for such taxes in a given year public. Do not include any personally Activities; Submission for OMB and that had such liability the previous identifiable information (such as your Review; Comment Request; Multiple year, the TTB regulations require such Social Security number, name, address, Tax and Trade Bureau Information brewers to file quarterly operations or other contact information) or any Collection Requests reports using TTB F 5130.9 or the other information in your comment or simplified TTB F 5130.26, Quarterly AGENCY: Departmental Offices, U.S. supporting materials that you do not Brewer’s Report of Operations. The Department of the Treasury. want publicly disclosed. Treasury will information collected from brewers on ACTION: Notice. their operations reports regarding the make comments available for public inspection and copying on amount of beer they produce, receive, SUMMARY: The Department of the www.regulations.gov or upon request. return, remove, transfer, destroy, or Treasury will submit the following Comments posted on the internet can be otherwise gain or dispose of is necessary information collection requests to the retrieved by most internet search to protect the revenue and ensure Office of Management and Budget engines. compliance with statutory and (OMB) for review and clearance in regulatory requirements. FOR FURTHER INFORMATION CONTACT: For accordance with the Paperwork Form: TTB F 5130.26sm, TTB F information regarding the application Reduction Act of 1995, on or after the 5130.9. from the Western Pennsylvania date of publication of this notice. The Affected Public: Businesses or other Teamsters & Employers Pension Fund, public is invited to submit comments on for-profits. please contact Treasury at (202) 622– these requests. Estimated Number of Respondents: 1534 (not a toll-free number). DATES: Comments should be received on 5,300. SUPPLEMENTARY INFORMATION: MPRA or before November 26, 2018 to be Frequency of Response: Monthly, amended the Internal Revenue Code to assured of consideration. Quarterly. permit a multiemployer plan that is ADDRESSES: Send comments regarding Estimated Total Number of Annual projected to have insufficient funds to the burden estimate, or any other aspect Responses: 25,440. reduce pension benefits payable to of the information collection, including Estimated Time per Response: 45 daltland on DSKBBV9HB2PROD with NOTICES participants and beneficiaries if certain suggestions for reducing the burden, to minutes. conditions are satisfied. In order to (1) Office of Information and Regulatory Estimated Total Annual Burden reduce benefits, the plan sponsor is Affairs, Office of Management and Hours: 19,080. required to submit an application to the Budget, Attention: Desk Officer for 2. Title: Application and Permit to Secretary of the Treasury, which must Treasury, New Executive Office Ship Liquors and Articles of Puerto be approved or denied in consultation Building, Room 10235, Washington, DC Rican Manufacture Taxpaid to the with the Pension Benefit Guaranty 20503, or email at OIRA_Submission@ United States. VerDate Sep<11>2014 18:10 Oct 24, 2018 Jkt 247001 PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 E:\FR\FM\25OCN1.SGM 25OCN1


Document Created: 2018-10-25 01:44:01
Document Modified: 2018-10-25 01:44:01
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 December 10, 2018.
ContactFor information regarding the application from the Western Pennsylvania Teamsters & Employers Pension Fund, please contact Treasury at (202) 622-1534 (not a toll-free number).
FR Citation83 FR 53953 
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