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Text of Treasury Department Announcement of Multiemployer Plan Application to Reduce Benefits and Partition Plan
U.S. Department of the Treasury
[Official Guidance] Mar. 30, 2016
"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 [MPRA]. The purpose of this notice is to announce that the application ... [will be] published on the website of the Department of the Treasury, and to request public comments on the application from interested parties, including contributing employers, employee organizations, and participants and beneficiaries of the ... Pension Fund to reduce benefits under the plan. Road Carriers -- Local 707 Pension Fund also submitted to PBGC an application to partition the plan. Comments must be received by April 29, 2016."
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