DEPARTMENT OF THE TREASURY
[Docket ID: TREAS–DO–2015–0009]
Multiemployer Pension Plan
Application To Reduce Benefits;
Reopening of Comment Period
AGENCY: Department of the Treasury.
ACTION: Notice of availability;
Reopening of comment period.
SUMMARY: On October 23, 2015, the Department published a notice of availability and request for comments regarding an application to Treasury to reduce benefits under the Central States,
Southeast and Southwest Areas Pension Plan in accordance with the Multiemployer Pension Reform Act of
2014 (MPRA). The purpose of this notice is to reopen the comment period and provide more time for interested parties to provide comments.
DATES: Comments must be received on
or before February 1, 2016.
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: Deva Kyle.
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 Board of Trustees of the Central States, Southeast and Southwest
Areas Pension Plan, please contact
Treasury at (202) 622–1534 (not a tollfree
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 the Department of the Treasury (Treasury), in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Secretary of Labor, is required to approve or deny. On September 25, 2015, the Board of
Trustees of the Central States, Southeast and Southwest Areas Pension Plan Central States Pension Plan) submitted an application for approval to reduce benefits under the Central States
Pension Plan. As required by the MPRA, that application has been published on Treasury’s Web site at http://www.treasury.gov/services/Pages/ central-states-application.aspx.
On October 23, 2015, Treasury published a notice in the Federal Register (80 FR
64508), in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Central States Pension Plan application. The notice provided that comments must be received by December 7, 2015. This notice announces the reopening the comment period in order to give
additional time for interested parties to provide comments. Comments are requested from interested parties,
including contributing employers, employee organizations, and participants and beneficiaries of the Central States Pension Plan. Consideration will be given to any comments that are timely received by
Treasury on or before February 1, 2016.
Dated: December 7, 2015.
David R. Pearl,
Executive Secretary, Department of the
Treasury.
[FR Doc. 2015–31163 Filed 12–9–15; 8:45 am]
BILLING CODE 4810–25–P
What really is not surprising is that some UBC scum thinks stealing from the pension checks of almost half a million retirees if amusing and something to joke about.
As you make your stupid jokes remember this:
In the recent article on Labor Notes "Teamster Retirees Demand Trustees 'Stop the Rush' to Slash Pensions in Half" http://www.labornotes.org/2015/12/teamster-retirees-demand-trustees-stop-rush-slash-pensions-half
they mention
" Organizers for Teamsters for a Democratic Union report anger and activity among retirees on an unprecedented scale".
Go ask you question to one of them . It would be funny to watch some 80 year old retiree slap the sheet out of you
Also Remember Dirty Doug did not write that letter and give the NCCMP rank and file money for nothing.
"Won’t Be the Last’
Scheidt warns of the writing on the wall for other workers. “If they get by with doing this to us, look out,” he said. Central States is the first pension fund to use the MPRA. “We may be the first but we won’t be the last.”
“We are the largest multiemployer fund that is in trouble,” Wyatt said. “We’re going to be the template for all funds to follow.”
[Docket ID: TREAS–DO–2015–0009]
Multiemployer Pension Plan
Application To Reduce Benefits;
Reopening of Comment Period
AGENCY: Department of the Treasury.
ACTION: Notice of availability;
Reopening of comment period.
SUMMARY: On October 23, 2015, the Department published a notice of availability and request for comments regarding an application to Treasury to reduce benefits under the Central States,
Southeast and Southwest Areas Pension Plan in accordance with the Multiemployer Pension Reform Act of
2014 (MPRA). The purpose of this notice is to reopen the comment period and provide more time for interested parties to provide comments.
DATES: Comments must be received on
or before February 1, 2016.
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: Deva Kyle.
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 Board of Trustees of the Central States, Southeast and Southwest
Areas Pension Plan, please contact
Treasury at (202) 622–1534 (not a tollfree
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 the Department of the Treasury (Treasury), in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Secretary of Labor, is required to approve or deny. On September 25, 2015, the Board of
Trustees of the Central States, Southeast and Southwest Areas Pension Plan Central States Pension Plan) submitted an application for approval to reduce benefits under the Central States
Pension Plan. As required by the MPRA, that application has been published on Treasury’s Web site at http://www.treasury.gov/services/Pages/ central-states-application.aspx.
On October 23, 2015, Treasury published a notice in the Federal Register (80 FR
64508), in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Central States Pension Plan application. The notice provided that comments must be received by December 7, 2015. This notice announces the reopening the comment period in order to give
additional time for interested parties to provide comments. Comments are requested from interested parties,
including contributing employers, employee organizations, and participants and beneficiaries of the Central States Pension Plan. Consideration will be given to any comments that are timely received by
Treasury on or before February 1, 2016.
Dated: December 7, 2015.
David R. Pearl,
Executive Secretary, Department of the
Treasury.
[FR Doc. 2015–31163 Filed 12–9–15; 8:45 am]
BILLING CODE 4810–25–P
What really is not surprising is that some UBC scum thinks stealing from the pension checks of almost half a million retirees if amusing and something to joke about.
As you make your stupid jokes remember this:
In the recent article on Labor Notes "Teamster Retirees Demand Trustees 'Stop the Rush' to Slash Pensions in Half" http://www.labornotes.org/2015/12/teamster-retirees-demand-trustees-stop-rush-slash-pensions-half
they mention
" Organizers for Teamsters for a Democratic Union report anger and activity among retirees on an unprecedented scale".
Go ask you question to one of them . It would be funny to watch some 80 year old retiree slap the sheet out of you
Also Remember Dirty Doug did not write that letter and give the NCCMP rank and file money for nothing.
"Won’t Be the Last’
Scheidt warns of the writing on the wall for other workers. “If they get by with doing this to us, look out,” he said. Central States is the first pension fund to use the MPRA. “We may be the first but we won’t be the last.”
“We are the largest multiemployer fund that is in trouble,” Wyatt said. “We’re going to be the template for all funds to follow.”
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