Pension & Benefits News Treasury Department seeks comments on Building Material Drivers Local 436 Pension Fund application to reduce multiemployer plan benefits
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Friday, August 21, 2020

Treasury Department seeks comments on Building Material Drivers Local 436 Pension Fund application to reduce multiemployer plan benefits

By Pension and Benefits Editorial Staff

The Department of the Treasury has released a notice of availability and request for comments on an application by the Board of Trustees of the Building Material Drivers Local 436 Pension Fund to reduce benefits under the plan pursuant to the Multiemployer Pension Reform Act of 2014 (MPRA). The notice announces that the application is available on the Treasury Department’s website and seeks comments on the application from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the Building Material Drivers Local 436 Pension Fund.

Written comments, which should be received by September 11, 2020, may be submitted electronically using the Federal eRulemaking Portal: http://www.regulations.gov. 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. 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.

Source: 85 FR 45470.

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