35316 Federal Register / Vol. 83, No. 143 / Wednesday, July 25, 2018 / Notices 

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 Local 807 Labor-Management 

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 Local 807 LaborManagement 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 

Local 807 Labor-Management Pension 

Plan application. 

Comments are requested from 

interested parties, including 

participants and beneficiaries, employee 

organizations, and contributing 

employers of the Local 807 LaborManagement 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. 2018–15886 Filed 7–24–18; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Multiemployer Pension Plan 

Application To Reduce Benefits 

AGENCY: Department of the Treasury. 

ACTION: Notice of availability; request 

for comments. 

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/PlanApplications.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 


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