skip to page content
Secretary of Labor Thomas E. Perez
     DOL Home > Federal Register > Notices > EBSA
EBSA Notices

United States Steel and Carnegie Pension Fund (the Applicant), Located in New York, NY   [11/16/2009]
[PDF]
FR Doc E9-27403
[Federal Register: November 16, 2009 (Volume 74, Number 219)]
[Notices]               
[Page 59001]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr16no09-80]                         


[[Page 59001]]

-----------------------------------------------------------------------

 DEPARTMENT OF LABOR

Employee Benefits Security Administration

[Prohibited Transaction Exemption (PTE) 2009-24; Exemption Application 
No. D-11465]

 
United States Steel and Carnegie Pension Fund (the Applicant), 
Located in New York, NY

AGENCY: Employee Benefits Security Administration, U.S. Department of 
Labor (the Department).

ACTION: Notice of technical correction.

-----------------------------------------------------------------------

    On September 1, 2009, the Department published PTE 2009-24 in the 
Federal Register at 74 FR 45294. PTE 2009-24 permits transactions 
between parties in interest with respect to the Former U.S. Steel 
Related Plans, as defined in PTE 2009-24, and an investment fund in 
which such plans have an interest, provided that the Applicant or its 
successor has discretionary authority or control with respect to the 
plan assets involved in the transaction, and various enumerated 
conditions are satisfied.
    Due to a technical error appearing in the final exemption, the 
Department is hereby making a revision to the document. On page 45298 
of the grant notice, the first paragraph under the heading Temporary 
Nature of Exemption is revised to read as follows:

Temporary Nature of Exemption

    The Department has determined that the relief provided by this 
exemption is temporary in nature. The exemption is effective February 
15, 2003, and will expire on the day which is five (5) years from the 
first day of the first fiscal year of UCF after the date of the 
publication of the final exemption in the Federal Register (i.e., 
September 1, 2009). Accordingly, the relief provided by this exemption 
will not be available upon the expiration of such five-year period for 
any new or additional transactions, as described herein, after such 
date, but would continue to apply beyond the expiration of such five-
year period for continuing transactions entered into before the 
expiration of the five-year period. Should the Applicant wish to 
extend, beyond the expiration of such five-year period, the relief 
provided by this exemption to new or additional transactions, the 
Applicant may submit another application for exemption.

FOR FURTHER INFORMATION CONTACT: Mr. Gary H. Lefkowitz of the 
Department at (202) 693-8546. (This is not a toll-free number.)

    Signed at Washington, DC, this 10th day of November 2009.
Ivan L. Strasfeld,
Director of Exemption Determinations, Employee Benefits Security 
Administration, U.S. Department of Labor.
[FR Doc. E9-27403 Filed 11-13-09; 8:45 am]