Department of Treasury Reopens Comment Period On Pensions Cuts

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Department of Treasury Reopens Comment Period On Pensions Cuts

RichardDorrough
This post was updated on .


DEPARTMENT OF THE TREASURY

[Docket ID: TREAS–DO–2015–0009]

Multiemployer Pension Plan

Application To Reduce Benefits;

Reopening of Comment Period

AGENCY: Department of the Treasury.

ACTION: Notice of availability;

Reopening of comment period.


SUMMARY: On October 23, 2015, the Department published a notice of availability and request for comments regarding an application to Treasury to reduce benefits under the Central States,

Southeast and Southwest Areas Pension Plan in accordance with the Multiemployer Pension Reform Act of

2014 (MPRA). The purpose of this notice is to reopen the comment period and provide more time for interested parties to provide comments.


DATES: Comments must be received on

or before February 1, 2016.

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: Deva Kyle.


Comments sent via facsimile and 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 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 Board of Trustees of the Central States, Southeast and Southwest

Areas Pension Plan, please contact

Treasury at (202) 622–1534 (not a tollfree

number).


SUPPLEMENTARY INFORMATION: The

Multiemployer Pension Reform Act of 2014 (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 the Department of the Treasury (Treasury), in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Secretary of Labor, is required to approve or deny. On September 25, 2015, the Board of

Trustees of the Central States, Southeast and Southwest Areas Pension Plan Central States Pension Plan) submitted an application for approval to reduce benefits under the Central States

Pension Plan. As required by the MPRA, that application has been published on Treasury’s Web site at http://www.treasury.gov/services/Pages/ central-states-application.aspx.

On October 23, 2015, Treasury published a notice in the Federal Register (80 FR

64508), in consultation with PBGC and the Department of Labor, to solicit public comments on all aspects of the Central States Pension Plan application. The notice provided that comments must be received by December 7, 2015. This notice announces the reopening the comment period in order to give

additional time for interested parties to provide comments. Comments are requested from interested parties,

including contributing employers, employee organizations, and participants and beneficiaries of the Central States Pension Plan. Consideration will be given to any comments that are timely received by

Treasury on or before February 1, 2016.

Dated: December 7, 2015.

David R. Pearl,

Executive Secretary, Department of the

Treasury.

[FR Doc. 2015–31163 Filed 12–9–15; 8:45 am]

BILLING CODE 4810–25–P




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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
Richard  are we exchanging Christmas presents this year  ?
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

hammer
In reply to this post by RichardDorrough
RICH DORROUGH'S LISP SOUNDS EXACTLY LIKE SYLVESTER POOTYTAT, AND HE SOLD OUT HIS FELLOW CARPENTERS TO THE PAINTERS.
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

RichardDorrough
In reply to this post by Ethics
What really is not surprising is that some UBC scum thinks stealing from the pension checks of almost half a million retirees if amusing and something to joke about.

In the recent article on Labor Notes "Teamster Retirees Demand Trustees 'Stop the Rush' to Slash Pensions in Half" they mention

http://www.labornotes.org/2015/12/teamster-retirees-demand-trustees-stop-rush-slash-pensions-half


As you make your stupid jokes remember this
" Organizers for Teamsters for a Democratic Union report anger and activity among retirees on an unprecedented scale".Go ask you question to one of them . It would be funny to watch some 80 year old retiree slap the sheet out of you

Also Remember Dirty Doug did not write that letter and give the NCCMP rank and file money for nothing.

"Won’t Be the Last’

Scheidt warns of the writing on the wall for other workers. “If they get by with doing this to us, look out,” he said. Central States is the first pension fund to use the MPRA. “We may be the first but we won’t be the last.”

“We are the largest multiemployer fund that is in trouble,” Wyatt said. “We’re going to be the template for all funds to follow.”

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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
HahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
In reply to this post by RichardDorrough
There is an asshole who likes to post on the local157 blog, using my moniker= "Ethics" . It's purpose is to imitate me, and it's not very effective at being my impostor/imitator.
Sorry Richard, and anyone else who posts news and information on this site, and the UBC-Chatbox who has been spammed by my impostor/imitator.


It's not me-

Excellent work, by the way!
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
Hahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
In reply to this post by RichardDorrough
qui tam pro domino rege quam pro se ipso in hac parte sequitur ???
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
Hahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
In reply to this post by Ethics
Holding Individuals Accountable    

On Sept. 9, Deputy Attorney General Sally Quillian Yates issued a memorandum on individual accountability for corporate wrongdoing.  This memorandum reinforced the department’s commitment to use the False Claims Act and other civil enforcement tools to deter and redress fraud by individuals as well as corporations.

In addition to those suits involving individuals described above, the department settled or filed suit against individuals in an array of cases.  For example, Two Florida couples agreed to pay the United States $1.137 million collectively, to resolve allegations that they accepted kickbacks in exchange for home health care referrals to A Plus Home Health Care Inc.  The United States previously settled with A Plus, its owner Tracy Nemerofsky, and five other couples that allegedly accepted payments from A Plus.  Dr. Charles Denham, of Laguna Beach, California, paid the United States $1 million to settle allegations that he solicited and accepted kickbacks from CareFusion in return for promoting a CareFusion product and influencing recommendations by the National Quality Forum.  Denham was a patient safety consultant who co-chaired a National Quality Forum Committee. After settling with two cardiovascular testing laboratories for $48.5 million - Health Diagnostics Laboratory Inc. (HDL) and Singulex Inc., the department intervened in three qui tam suits against another laboratory, Berkeley HeartLab Inc., a marketing company, BlueWave Healthcare Consultants Inc. and three individuals – BlueWave’s owners, Floyd Calhoun Dent III and Robert Bradley Johnson and HDL’s co-founder and former chief executive officer, LaTonya Mallory.  The department also intervened in two qui tam suits against Florida cardiologist Dr. Asad Qamar and his practice, the Institute for Cardiovascular Excellence PLLC, alleging that Qamar and his practice billed Medicare for medically unnecessary peripheral artery procedures and interventions and paid kickbacks to patients by waiving Medicare copayments irrespective of financial hardship.  The department also filed a complaint against H. Ted Cain, Julie Cain, Corporate Management Inc. and Stone County Hospital Inc. for false claims for Medicare reimbursement.  The government alleged that Ted and Julie Cain, the hospital and hospital management company owned and controlled by Ted Cain, claimed reimbursement for the hospital’s costs at inflated rates and for ineligible expenses.  These matters are ongoing.  




http://www.justice.gov/opa/pr/justice-department-recovers-over-35-billion-false-claims-act-cases-fiscal-year-2015
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
Qui Tam Whistleblowers Are Heroes.

First and foremost, know that you are doing the right thing. It takes independence and moral courage to be the one person in a company to ask, “Is what we are doing right?”  But often, it is that one person—the whistleblower—that saves his or her fellow American taxpayers millions of dollars, and ultimately makes the company a more ethical place to work.  And the government appreciates what you do.  According to official U.S. Department of Justice statistics, since 1987 the federal government has recovered $39 billion in cases brought under the primary qui tam statute the False Claims Act.  In addition, the federal government has paid more than $4.2 billion in awards to whistleblowers under that statute, including approximately $3.6 billion since 2001.

- See more at: http://www.natlawreview.com/article/top-10-tips-qui-tam-whistleblowers#sthash.590GBwCD.dpuf
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Re: Department of Treasury Reopens Comment Period On Pensions Cuts

Ethics
HahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha