Comment on FR Doc # E7-25533

The NCCMP is pleased to submit the accompanying comments which describe why the proposed regulations for implementing Section 401(a)(35) of the IRC are problematic and inappropriate as drafted for the nations' multiemployer plans. Rather, we submit that the public policy problems which the proposed regulations attempt to address as drafted are not present for participants in multiemployer plans due to structural protections built into the system. We welcome the opportunity to submit these comments and are available to expand upon them in person if a hearing is to be conducted.