Finanse publiczne · 31.03.2016

Multiemployer Pension Plan Application To Reduce Benefits

The Board of Trustees of the Road Carriers--Local 707 Pension Fund, a multiemployer pension plan, has submitted an application to Treasury 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 Road Carriers--Local 707 Pension Fund has been published on the Web site of the Department of the Treasury (Treasury), and to request public comments on the application from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Road Carriers--Local 707 Pension Fund to reduce benefits under the plan. Road Carriers--Local 707 Pension Fund also submitted to PBGC an application to partition the plan. For further information about partition, see PBGC's Web site at http://www.pbgc.gov/prac/multiemployer/multiemployer-pension-reform- act-of-2014.html.