Today, Treasury and the IRS issued temporary (T.D. 9723) and proposed regulations (REG-102648-15) on the suspension of benefits under multiemployer pension plans that are projected to have insufficient funds at some point in the future.  In conjunction with the temporary and proposed regulations, Treasury and the IRS also issued Revenue Procedure 2015-34, which describes procedures for applying for approval of a proposed suspension of benefits for certain multiemployer pension plans.