Navistar International Transportation Corporation (Navistar); Located in Chicago, IL and the Supplemental Program Committee of the Navistar International Transportation Corporation Retiree Health Benefit and Life Insurance Plan (Supplemental Program Committee) Located in Euclid, OH

Короткий зміст

This document contains a notice of pendency before the Department of Labor (the Department) of proposed amendments to PTE 93- 69 [58 FR 51105, September 30, 1993]. PTE 93-69 provides an exemption from certain prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 for: (1) the acquisition and holding by the Navistar International Transportation Corporation Retiree Health Benefit and Life Insurance Plan (New Plan) of shares of Class B Common Stock and Series A Preference Stock of Navistar International Corporation (NIC); (2) the holding by the New Plan of shares of NIC Common Stock resulting from the conversion of NIC Class B Common Stock into such shares; (3) the extension of credit between Navistar and the New Plan, which may occur in conjunction with Navistar's annual obligation to advance funds to the Supplementary Benefit Program Trust; and (4) the sale of shares of NIC Class B Common Stock by the New Plan to Navistar. The proposed amendments, if granted, would affect participants and beneficiaries of, and fiduciaries with respect to the New Plan.