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###### Department of the Treasury

# AGENCY:

Department of the Treasury.

# ACTION:

Notice of availability; request for comments.

# SUMMARY:

The Board of Trustees of the Roofers Local No. 88 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 Roofers Local No. 88 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 Roofers Local No. 88 Pension Fund.

# DATES:

Comments must be received by February 26, 2021.

# ADDRESSES:

                        You may submit comments electronically through the Federal eRulemaking Portal at                         *http://www.regulations.gov,*                         in accordance with the instructions on that site. Commenters are strongly encouraged to submit public comments electronically. Treasury expects to have limited personnel available to process public comments that are submitted on paper through mail. Until further notice, any comments submitted on paper will be considered to the extent practicable.                    

Comments may 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, telephone, 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 Roofers Local No. 88 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 December 15, 2020, the Roofers Local No. 88 Pension Fund's Board of Trustees 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://home.treasury.gov/​services/​the-multiemployer-pension-reform-act-of-2014/​applications-for-benefit-suspension.*                     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 Roofers Local No. 88 Pension Fund's application.                

Comments are requested from interested parties, including participants and beneficiaries, employee organizations, and contributing employers of the Roofers Local No. 88 Pension Fund. Consideration will be given to any comments that are timely received by Treasury.

David Kautter,

Assistant Secretary for Tax Policy.

[FR Doc. 2021-00392 Filed 1-11-21; 8:45 am]

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