o. 7 Pension Plan Chccldist Hem #09 Does the application ...

Ol'icklayers & Allied C•·ufl~mtn Local 1'\o. 7 Pension Plan Chccldist Hem #09

Does the application include n dcmonstrmion that the limitations 011 individual suspensions are suti~ficd, including calculations regarding:

• the guarantee-bused limitmion; • the disnhi l ity-ba~e<ll imituti on; and • the age-based limitation'/

Sec section 4.0 I.

Documents 9.1 and 9.2 provide illustrations thnt the proposed suspension sotiSfiC$ the st:nutory limitations described in§ 432(c)(9)(D)(i), (ii), anrl {iii).

9. 1

4.fl I Ocmoostrutioo that Limitations on Individual Suspensions Arc Sntlsficcl

Oocu mcnt 9, I

Demonstral'lons that the Limitutions un Individual Suspensions Arc Satisfied

The l:bllowing c:tfcuhttions ill ustn\lt: how the proposed suspension sat is lie~ t h ~ 1 r 0% of r>BGC guarantee limi tation, the age-bused limitation, and the disability-bused limitntion, as eswhlishcd under ~ 432(e)(9)(Dl(i), (ii), nnd (iii}, rCS(ll!ctivdy. In parti,ul~ r. the propvscd bUSplln~ ion does not reduce or cf tangc the hcncl1 l ol' any patticipaut or bcnc l'icimy whose benefit nmount is less than I I 0% of the PBGC guurdntec. In addition, the pt·oposccl Mtspcnsion docs not ancct any panicipant or beoeticiary who will be ogc KO or older us or May I, 20 17. the proposed clli:ctive date. Lnstly, the proposed suspension does not affect any participant or bcncficinry that wns nwnrdcd a disability benefit under the Pension Plan.

Applicution of the limihllion provisions is based on the total benefit payable to the pm1icipnnt or beneficinry. llo,vcvcr. if the benefit is allocated under the terms of o qualified dt1mestic relations order (QDRO), then the dctcnnination whether the gunrnntccd level is based on the toltl l benefi t payable prit>r to ullocution ur Ill tlw individual benefit pnyahlo t<1 the participant as soptu·utl! from his nr her Hll.cmutu pny\~U will depend on tile term~(>(' the QDRO. Ucncrnlly, it' the QDRO provi de~ the ulternute puycc n shared interest with the participant. then the participant's total bentfit is used for purposes of determining the guarante~d amount <IS of Mny I, 20 17, the et'l'cctiveclatcofthe proposed suspension. II' the QDRO provides R scpnratc interest for the nlternate pnycc, then the ohcmatc payee's scpuralu hcnlllit level is used to dctcnninc the guaranteed amount as of the effective date.

Similorly, in the event that the agc-bnsocl limitation applies to a participnnt or hcnelkiary thur hns n QDRO, then the type of QDRO will tletennine whether the Pension Plan uses tho participant's or al ternate p:lyct!s asc. If the QDRO provides the alternate payee a shnr~-d intcre~t with the participant, then tlte participant's age is used for purposes ol' cletcnnining the age as of the proposed suspension's etrective date. Altcrnotively, i f the QDRO pruvidcs u scpnrntc intcre~t lor the ullcnllltc payee, t11cn the altcmatc payee's ugu is us~d to determine the opplicntion ol' the agebased li mi tation.

The application of the ngc-bnscd litniunion fo1· to parti<.:ipunt who elected n joint and survivor benefit nlso is based on the age of the participant as of the efl'ective dntc of the proposed suspension, unless he or she is d~-ccased, in which CllSC the surviving SJ>ousc·~ age is used to determine the application of the ag~-ba.scd limitation.

See the following pages for illustrations demnnstmting that proposed suspcn~inn sutislkos the nbovc-mcmioned statutory lin1Uotinns.

Q.2

Sec Lite lt>II\Jw ing J>nges.

llucu m\mt 9.2

Illustrations

Bricklayers & Allied Craftsmen Local No. 7 Pension Plan

Application for Benefit Suspension

Demonstration that limitations on Individual Suspensions Are Satisfied Checklist Item #09 Illustration ffl

Participant Category: QDRO In Payment Age 75-80

Accrual Category: All years at 3.3"

Oate of birth

Oa te o f retirement Age at retirement date

Age at suspension date Current monthly benefit

Total accrued benefit payable at normal retirement age Total benefit credits

Form of pension

Calculation of 110% of PBGC Guarantee Current monthly benefit/benefit credits

PBGC gutuantood nccrual ra te PBGC guaran lced ben~fit

110% of PBGC guaranteed benefit

Calculation of M onthly llenefit under Proposed Suspension Total accrued contribution

1.3% of total accrued contribution Early retirement reduction factor Joint and survivor reduction factor

Benefi t prior to age-based limitation

Age-Based Limitation

Greater of 110% of PSGC or proposed suspension Months from age 80 (at suspension date)

Benefits after age·based limitation

Fina l Monthly Benefit under Proposed Suspension

Summary of Appli ca ble Federal Limitations

Disability limi t? 110% of PBGC guaranteed limit?

Age-based limit?

Notes: Service and contributions shown are after adjustment for QDRO

9.4

8/24/1939

9/l/1999 60 years 0 months

77 years 9 months $596.04

5677.32 16.13

lifetime annuity

$36.95

30 .46 $491.39 $540.53

$19,543.02 $254.06

88.00% 100.00% $223.57

$540.53

27

$571.06

$S71.06

No Yes

Yes

Bricklayers & Allied Craftsmen Local No.7 Pension Plan


Demonstration that Limitations on Individual Suspensions Are Satisfied

Checklist Item #09

Illustration "2

Participant Category: Retiree Over Age 80 Accrual C<1tegory: Retired before S/l/1996

Date of birth

D•tu of retirement

Age at retirement date Age at suspension date Current monthly ~nefit

Total accrued benefit payable at normal retirement age

Total benefit credits Form o f p~nsion

Calculation of 110% of PBGC Guarantee Current monthly benefit/benefit credits

PllGC auManteed nccru~ l ra te PBGC guaranteed benefit


Calculation of Monthly Benefit under Proposed Suspension

Total nccruild contribution

1.3% of total accrued contribution Early retirement reduction factor Joint and survivo•· reduction factor

Oenefi t prior to age-based iimit<Hion

AgC·Based Limitation Greater of 110% or PBGC or proposed suspension

Months from age 80 (at suspension date)

Benefits after age-based limitation

Final M onthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit? 110% of PBGC guaranteed limit?

Auc based lirnit?

9.5

12/31/1931 1/1/1994

62 years 0 months

85 years S months

$579.30 $579.30

13.00 joint & 50& survivor

$44.5G 35.75

$464.75

$511.23

$17,989.82

$233.87 10000% 100.00% $233.87

$511.23

0 $579.30

$579.30

No

No

Yes

Bricklayers & Allied Craftsmen local No. 7 Pension Plan

Application for Benefit Suspension Demonstration that limitations on Individual Suspensions Are Satisfied

Checklist Item no9 Illustration U3

Participant Category: Retiree Under Age

Accrual Category: All years at 3.3%

Date of birth

Date of retirement Age at retltement date

Age at sus~1ensinn date Current monthly benefit

Total accrued benefit payable at normal retirement age Total benefit credits

Form of pension

Calculation of 110% of PBGC Guarantee Current monthly benefit/benefit credit s

PBGC guar~nteed accrua l rate PBGC guaranteed benefit 110% of PBGC guaranteed benefit

Ca lculation of Monthly Benefit under Proposed Suspension

Total accrued contribution 1.3% of total accrued contribution

(arly retirement reduction factor Joint and survivor reduction factor

Benefit prior to age-based limitation

Age·B3scd Limitation Greater of 110% of PBGC or proposed suspension

Months from age BO (at suspension date) Benefits after age·based limitation

Final Monthly Benefit under Proposed Suspension


2/l0/1948 4/1/2012

64 years 1 months

69 years 3 months

$496.63 $496.63

16.00 lifetime annuity

$31.04 26.03

$416.47 $458.12.

$15,290.23 $198.77

100.00%

100.00% $198.77

$458.12

129 $~58.12

$458.12

Olsabili ty limit? No

110% of PBGC guaranteed limit? Yes Age-based limit' No

9.6

Bricklayers & Allied Ctartsrncn local No.7 Pension Plan Application for Benefit Suspension

Demonstration that Limitations on Individual Suspensions Are Satisfied

Checklist Item 1109 Illustration #4

Participant Category: Retiree Age 75·80 Accrual Category: All years at 3.3%

Date of b~rth

Date ol' retirement

Age at retirement date Age at suspension date

Current monthly benefit

Total accrued bene fit payable at normal retirement age Total benefit credits Form of pens, on

Calculation of 110% of PBGC Guarantee Current monthly benefit/benefit credits PBGC guarante~d dccrual rate

PBGC guaranteed benefit 110% of PBGC guaranteed benefit

Calculation of Monthly Benefit under Proposed Suspension Tota accrued contribution

1.3% of total accrued contribution Early retirement reduction factor

Joint and survivor reduction factor

l:lenefi t prior to asf!·based limita tion

Age· Based Limitation

Greater of 110% o f PBGC or proposed suspens1on

Months from age 80 (at suspension date) Benefits alter age·based limitation


Summary of Appllcabln Federal Limitations

9/3/1938 10/1/2000

62 years 0 months 78 years 8 months

$442.57 $515.37

11.00 joint & 50% survivor

$40.23 32.93

$362.18 $398.'10

$15,526.38 $201 8~ 100.00% 85.87% $173.33

$398.40 16

$430.79

$430.79

Disability limit? No 110% of PBGC guaran teed limit? Yes

Age-based limit? Yes

9.7


Application for Benefit Suspension Demonstration that Limitations on Individual Suspensions Are Satisfied

Checklist Item #09

Illustration 115

Participant Category: Disability Accrual Category: All years at 3.3%

Date of birth

Date of retirement Age at retirement date (early retirement conversion date)

Age at suspension dale

Current monthly benefit Total accrued benefot pdyable at normal retirement age

Oisabilily based benefit Total b(!ne fit credits

Type of pension Form of pension

C~lculation of 110% of PBGC Guarantee

Current monthly benefit/benefit credits PBGC guaranteed accrual rate

PBGC guaranteed benefit UO% of PBGC guaranteed benefit

Calculation of Monthly Benefit under Proposed Suspension Total accrued contribution

1.3% of total accrued contribution Early reti rement reduction factor

Joint and survivor rllduction factor Beneht prior to age-based limitation

Age-Based limitation

Grea ter o f 110% o f PBGC or proposed suspension Month~ from age 80 (at suspension date)



Summ•ry of Applicable Federal limitations

sn/I95s 12/1/2009

57 years 11 months

58 yeors 9 months $1,285.95 $!,818 .60 $1,273.02

16.00 Disability

lifetime annuity

$80.37

35.75 $572.00 $629.20

$59,550.60 $77~ .16

71.4 3%

100.00%

$553.00

$629.20 255

$629.20

$1,273.02

Disabihty limit? Yes

l10o/o of POGC guaranteed lirn it7 No Age-based limit? No

9.8



Demonstration that limitations on Individual Suspensions Aro Satisfied

Checklist Item #09 Illustration 116

Participant category: Retiree Under Age 75


Date of birth

Oat e of retirement

Age at retirement date

Age at suspension date

Current monthly beneflt


Total benefit credits

Form of pension

Calculation of 110% of PBGC Guarantee

Current monthly benefit/benefit credits

i>BGC f!\lltranteecl accrua l rate

PBGC guaran teed benefit



Total accrued contribution

1.3% of total accrued contribution

Early retirement reduction factor

Joint and survivor rcciuction factor

Benefit prior to age·based limitat ion

Age-Based Umitatlon

Greatar of 110% of P6GC or proposed suspenston

Months from ~ge 80 (at suspension date)

Benefits after age·basecllirnltallon



Disability limit?

110% of PBGC guaranteed limit?

Age· based limit?

9.9

4/8/1946

10/1/2004 58 vears 5 momhs

71 years 1 months

$1,584.&8

$2,074.98 24.00

joint & 50% ~urvivor

$66.03 35.75

$858.00

$943.80

$69,589.83 $904.67 85.81%

89.00%

$690.90

$943.80 107

$943.80

$9H.80

No

Yes

No


Application for Benefit Suspension Demonstration that limitations on Individual Suspensions Arr Satisfied

Checklist Item U09

Illustration 117

Participant Category: Retiree Age 75·80 Receiving life Annuity

Accru,l l Category: All years at 4.1%

oat~ of birth

Date of retirement

Age at retlreme11t date Age ~~ suspension date

Current monthly benefit Total accrued benerit payable at normal retirement age

Total benefit credits Form o f pension


Current monthly benefit/ benefit credits PBGC guaranteed accrua l rate

P6GC guaranteed benefit 110% of PBGC guaranteed benefit

Calculation of Monthly Benefit under Proposed Suspension Tota l accrued contribution

1.3% of total accrut'd contribution Early retirement reduction factor

Joint and survivor reduction factor Bene fi t prior to age·bascd limitation

Age·Bascd limitation

Greater o f 110% of I)BGC or proposed suspension M ont hs fro111 age 80 (at suspension date)

Benefits af te r age-based limitation


Summary ol Applicable Federal limitations

11/9/1937 1/1/2002

64 years l. months

79 years 6 months $1,918 97 $2,206.57


$71.07 35.75

$965.25 $1,06l.78

553,310.71 $693.04 100.00% 86.97%

$602.71

$1,061.78

6 $1,833.25

$1,833.25

Disability limit? No

110% of PBGC guaranteed limit? Y~\

Age· based limit? Yes

9. 10

Bricklayers & Allied Craftsmen Local No.7 Pension Plan

Application for Benefit Suspension Demonstration that Limitations on Individual Suspensions Aro Satisfied

Checklist Item #09 Illustration US

Participant Category: Retiree Age 7S-80


Date of btrth Date of retirement


Age at suspension dote Current monthly benefit Total accrued benefit payable at normal retirement age


Form of pension


Current monthly bencfit/bcnefll cmdits

POGC guaranteed accrual rate PDGC guaranteed benefit 110% of P8GC guaranteed benelot

Calcu lation of Monthly Benefit under Proposed Suspension

Total accrued contribution 1.396 o f total accrued contribution Early retirement reduction factor


Benefi t prior to age· based limita tion

Age-Ba.sed limitation

Greuter of 110% of PBGC or proposed suspensio11 Months from age 80 (at suspension elate)

Benefits after age-based limita tion



7/2/1938

8/1/2000 62 years 0 months

78 years 10 months $3,905.45

$4,566.82

31.00 joint & SO% survivor

$125.98

35.75 $1,108.25 $1,219.08

$111,254.48 $1,446.31

100.00% 85.52%

$1,236.85

$1,236.85

14 $3,278.63

$3,278.63

Disability limit? No UO% of PBGC guaranteed limit? No

Age·basecl limot? Yes

9. 11



Demonstration that limitations on Individual Suspensions Are Satisfied

Checklist Item #09

Illustration 119

Participant Category: Ahernate Payee Under Age 75

Accrual Category : All years at 4.1%

Date of birth

Date of rc toremell\



Current mon thly benefit

Total accrued ~nefit payable at normal retirement age

Total benefit credit5

Form of pension


Current monthly benefit/benefi t credits

PBGC guarante1:d ~ccrua l rate

PBGC guor~ n tced benefit

110% of PSGC guaranteed benefi t

Calculat ion of M onthly Benefit u nder Proposed Suspension



Early retirement reduction factor (pallitipal1t age)

Additional early retlrernc•)t adJustmcn1 AP age

Opt ional reduction factor

Benefit prio r to age·based limi tation

Ace-Based Limitation

Greater olllO% of PBGC or proposed suspension


Benefots after aQc·bJSCd limitatio n


1/17/1949 5/1/2010

Gl years 3 months

68 years 4 months

$680.53 $ 772.74

12.90 60 month guarantee

$52.75 35.75

$461.18

$507. 29

$20,528.75 $266.87 89.59% 92.95% 98.30% $218.46

$507.29 140

$507 29

$507.29

Summary of Applicable Federal limitations

oi,ability limit? No

110% of PBGC guaranteed limit? Yes

Age-based hmit7 No


9. 12

Bricklayers & Allied Craftsmen l ocal No. 7 Pension Plan


Demonstration that Limi tations on Individual Suspensions Arc Satisf ied

Checklist Item 1109

Illustrat ion #10

Participant Category: Retiree Age 75-80

Accrual Category: Multiple rates

Date of birth

Date of ret irement

Age at retirement dnte

Age a t SIJspension date


Total accrued benef1t payable at normal retirement age

Total bt•nHfit credits

Form o f pension

Calculation of 110% of PBGC Guarant ee


PBGC guaranteed accrual rate

PBGC guaranteed beneFi t



Total accrued contribution 1.3% o f to tal accrued contribution

Earty retirement red uction factor


Benefit prior to age-based l imitation


Greater of 110% o l PBGC or proposed suspension

Months from age 80 (JI suspension date)

Be n~ lll s after age· based limrtation


Summary ol Applicable Federal limitations

11/10/1941 12/1/2003

62 yea rs 0 momhs

75 years 6 mo11ths

$1,696.92 $1,973.16

21.00 join ! & 50% survivo r

$80.81 35.75

$750 75

$825.83

-~~50,1.94 .04

$652.52

l!Xl.OO% 86.00%

$5ft1 .1.7

$825.83 54

$912.93

$912.93

Disability l imit? No

11006 of PBGC guaranteed limit? Yes Agc·based limit? Yes

9. 13

Bricklayers & Allied Craftsmen LocJ I No. 7 Pension Plan

Application for Benefit Suspension Demonstration that limitations on Individual Suspensions Arc Satisfied

Checklist Item #09

Illustration #11

Participant Category: QDRO Under Age 75 Accrual Category: Multiple rates

Date of birth Date of retirement

Age at retirement da te

Age at suspension date Current monthly benefit Total accrued benefit payable at normal retirement age

Total benefit credi ts

Form of pension

Calcu lation of 110" of PBGC Guarantee Current monthly benefit/benefit cred its PBGC guaranteed accrual rate

POGC guaranteed benefit 110% of PBGC guaranteed benefit

Calculation of Moruhly Benefit under Proposed Suspension

Totul a'cru~d contribu tion 1.3% of total accrued contribution

Early retirement reduction factor Joint and survivor reduction factor Benefit prior to ogc ba sed limitation


Greater of 110% ol PBGC or proposl!d suspension Months from age 80 {~t suspension date)



Summary of /\pplicablc Federal Limitations

3/13/1947

4/1/2009 62 years 0 months 70 years 2 months

$668 84

S9SS 49 6.44

joint & 100% survivor

$ 103.85 35.75

$230.23 $25325

$28,396.46

$369.15 100.00%

70.00% $258.41

$258 41

118 $258.41

$258.41

Disabili ty I mil? No

110% of PBGC guarante!>d Inn II? No

llge-based limit? No

Note~: s~rvice ~nd contributions shown are after adjustment for QORO

9. 14

Bricklayers & All ied Craftsmen local No. 7 Pension Plan

Application for Benefit Suspension Demonstration that Limitations on Individual Suspensions Arc Satisfied

Checklist Item U09

Illustration 1112

Participant Category: Retiree Under Age 75


Date of birth

Date o f retirement Age at re tirement elate

Ag" a l suspension date Current monthly benefit Total accrued benefit payable at normal retirement age

Tota l benefit cred its

Form of pension

calculation of 110% of PBGC Guarantee

current monthly benefit/benefit credits

P6GC g~1aranteed accrual rate P6GC guaranteed benefit 110% of PUGC guarantl'ed benefit

Calculation of M onthly Benefit under Proposed Suspension

Total accrued contribution 1.3% of total accrued contribution Early retirement reduction factor


Benefit prior ro age-based limitation

Age-Boscd Limitation

Greater of 110% of PBGC or proposed suspension Months from age 80 (a l suspension date}

Benefits after age-baled limitation



6/6/1947 3/1/2009

Gl years 8 months

69 years 11 months $1,749.86

$1,992.64


$83.33 35.75

$750.75

$825.83

$60,808.75

$790.51 98.67%

89.00%

S69UO

$825.83

121 $825.83

$825.83


110% of P6GC suaranteed limit? Yes Age-l>ase<l lun it? No

9.15

Bricklayers & Allied Craftsmen local No.7 Pension Plan

Application for Benefit Suspension Demonstration that limitations on Individual Suspensions Are Satisfied

Checklist Item #09

Illustration #13

Participant Category: Retiree Under Age 75


Date o f birth

Date o f re tirement Age at retiren1ent date


Current monthly benefit Tota l accrued benefit payable at noo·mal oetlrement age

Total benefit credits Form of pension


Current moo1thly benefi t/benefit credit~

PBGC c(oaranteed accrual ra te



1.3% of total accrued contribution Early retirement reduction f•ctor

Joint and ~urvlvor reduction factor Benefi t prior to age-based limitation

Age -Based limita tion

Greater of UO% o f PBGC or proposed suspension Months from age 80 (at suspension date) Benefits alter age-based limitation


Summary o f Applicable Federal limitations

Disability limit? UO'Y. of POGC guaranteed limit?

Age-based limit?

9. 16

11/15/1952

12/ 1/2009 57 years 0 months

64 years 6 months $2,348.74

52,935.93 17.00

lifetime annuity

$138.16 35.75

$607.75

$668.53

$91,019.73 $1,183.26

80.00% 100.00%

$946.61

$946.61

186 $946.61

$946.61

No No

No




Checklist Item 1109

Illustration N14

Participant Category: BeneflciMy Age 75-80

Accrual Cat egory: All years at 3.85%

Date of birth

Date of retirement

Age at retiremen t date



Total accrued benefit payable dt norma l retirement age (member)

To tal benefit credits

Form of pen51on (original)


Current month ly benefit/benefit credits

PBGC guar~ntoed accrual rate

PBGC guaranteed benefit


Calculation or Monthly Benefit under Proposed Su<pension


l .. 3% of total accrued contribution

Early retirement reductJon factor

Joint and survivor rpduction factor

Survivor continuation percentage

BenE!fit prior to age-based lirnit;Hion

Age-Based Llmitntion

Grea ter or 110% of PBGC or proposed suspensoon


Benefits after ~ge·based limitation


Summary of Applicable Feder31limitations

Disability limit?

110% of P 13GC guaran teed llrnl t?

Age-based limit?

9. 17

7/24/ !')39


77 years 10 months

51,467.24 $3,417.19


$50.59 35.75

$1,036.75 $1.140.43

$80,085.78

$1,041.12 1()().00%

85.87% SO.OO% $447.02

$1,140.43

26 $1,325.62

$1,325.62

No

Yes

Yes


Application for Benefit Susp1msion

Demonstration that limi tations on Individual Suspensions Are Satisfi ed

Checklist Item U09 Illustration Il lS

Part icipant C<ttegory: Reti ree Age 75·80 Receiving


Date of birth

Da te of retirement



Curren t monthly benefi t



Form of pension

Calcu lation of 110% of PBGC Guarantee

Current monthly benefrt/benefit credits

PBGC guaranteed accrudl rate



Calcu lation of Monthly Bono fit under Proposed Suspension

Tota l accrued contribution

1.3% of totalaccwed contributi on

E~rly ret irement redl!ctior1 factor


Benefit prior lo age-based limitation

Ace-Based Limi tation

Greater of 110% of PBGC or proposed suspension

Months from age 80 (at suspension date) Benefits afl ~r ~ge-based limrtation

Final M onth ly Benefit under Proposed Suspension

Summary o f Applicable Feder al limitations

n lsability limi t?

110% of I'BGC guaranteed lrmit7

Age·bast>d limit?

9. 18

1/17/1939 9/1/1998

59 years 7 months

78 years 4 months

$2,342 .89

$3,ll0.70 28.00

joint & 50% survivor

$83.&7

35.75 $1,00'1 .00 $1,101.10

$73.051.16 $949.67 8G.OO% 87.58%

$715.26

$1,101.10 20

$1,928.96

$1,928.96

No Yes

Yes


Application for Benefit Suspension Demonstration that Limitations on Individual Suspensions Arc SMisficd

Checklist Item "09

Illustration "16

Participant Category: Beneficiary Under Age 75

Accrual Category: Retiree multiple rates

Oate of birth

Date of retiremen t Age at retirement date

1\ge ill suspension date

Current monthly benefit Total accrued benefit pdy~ble at normal retirement age (membN)

Total benefit rredits Form o f pension (original)


Current monthly benefit/benefit credits PBGC guaranteed accrual rate

PBGC guaranteed bene fit 110% of PBGC guaranteed benefit

Calculation of Monthly Benefi t under Proposed Suspension Tota l accrued con tribution

1.3% of total accrued contribution l:.a r'ly retirement reduction factor

Joint and survivor reduction factor Survivor continuation percentage Benefit prior to dge-bascd limitation


Greater of 110% of PBGC or proposed suspension Months from age 80 (at suspension date)

H~rr efits after· age-based limitation


Summary o f Applicable Federal Limitations

1/28/1 9<17

7/1/2005 60 years 3 months 70 years 4 months

$258.71

$624.20 1000

joint & SO% survivor·

$25.87

22 .15 $221.53 $243.69

$16,183.81 $210.39

93.00% 89.13%

50.00% $87.20

$243.69

116

$243.69

243.69


110% of PBGC guaranteed limit? Yes

Age-based limit? Yes

9.19

Bricklayers & Allied Crafumen local No. 7 Pension Plan Application for Benefit Suspension

Demonstration that Limit:1tions on Individual Suspensions Ate Satisfied

Checklist Item U09 Illustration U17

Participant Catcnory: Retiree Under Age 75

Accrual C<!tegory: All years at 3.3%

Da te of birth

Date of retirement Age at retirement date

Age at suspension date Current monthly benefit

Total accru ed benefit payable at normal retirement age

Total benefit credits Form of pension

Calculation of 110% of PBGC Guarantee Current monthly benefit without late retirement

Current monthly beneftt/lJeneflt credits PBGC guaran teed accrua l rate


Calculation or Monthly Benefit under Proposed Suspens ion Total acetued contribution

1.3% of total accrued contribution l.ate retirement increase factor

Joint and survivor reduction factor Benefit prior to ~ge·based l imitation


Greater or 110% of PBGC or proposed suspension Months from age 80 (at suspension date)

Benefi ts after age-based limitation


Summary of Applicable Federal Limitations Oi •ability limit?

110% ol PBGC guaranteed !unit? Age-based limit?

9.20

12/17/ 1939 12/1/ 2004

64 years 11 months

77 years 5 months $327.17 $283.79

12.00 joint & SO% survivor

$241.23 $20. 10 "17.83

$213.92 $ 235.31

$8,599.77 $111.80 135.63%

85.00% $128.88

$235.31

31 $279.71

$279.71

No

Yes

Yes




Checklist Item "09 Illustration #18

Participant Category: Active, Not Vested

Accrual Category: All years at 1%

Date of birth


Total acCI'ued b~nQ fi t p~yable at norma l reti rement age


Calculation of 110% o f PBGC Guarantee




110% of PBGC Buaranteed benefit

Calculation of M onthly Benefit under Proposed Susptlnsion


1.3% of tot al accrued contribution

Greater of 110% of PBGC or Proposed Suspension

QPSA Reduction Factor



110% of P8GC guaranteed l imit?

Age·based limit?

Notes: Service and controbut1ons shown are after adjustment for QDRO

9.21

11/13/1971 45 years 6 months

$65.78 3.00

$21.93

19.20 $57.59 $63.34

$19,452.73

$252.89

$252.89

1.00

$65.78

No

N/A

Brlcklaye~ & Allied Craftsmen Local No. 7 Pension Plan



Checklist Item U09

Illustration 1119

Participant Category: Active, Vested


Date ol birth

Ag" at suspension date







110% of PllGC guaranteed benefit

C~lc u l~tlon of Monthly Benefit under Proposed Suspension



Great er of 110% of PBGC or Proposed Suspension



Summary of Applicable Federal limitilt lons

110% of PflGC guaranteed limit?

Age·based limit?

9.22


$2,104.62 22.00

$95.66 JS 75

$786.50 $865.15

$108,697.91 $1,413.07

$1,413.07

1.00

$1,413.07

No

N/A

Bricklayers & Alli~d Craftsmen Local No. 7 Pension Plan Application for Benefit Suspension Demonst ration that limitations on Individual Suspensions Are Satisfied Checklist Item i109 Illustration ff20

Parti cipant Category: Active, QDRO Accrual Category: Multi pin rates

Date or bi nh Age at suspc•n ion date Tota l accrued benefit payable at normal re tirement age

Total benefit cred1ts

Calculation of 110% of PBGC Guarantee Current monthly benefi t/ benefi t credits PBGC guara•Heed accrua l rate PBGC guarantet>d benefit 110% of PBGC guaranteed benefit

Calculation of Monthly Benollt under Proposed Suspension Total accrued contribution QPSA Reduction Factor 1.3% of total accrued contribution


final Monthly Benefit under Proposed Suspension

Summary of Appllcablo Fedoral l.imita tions 110% of PSGC guaranteed limit?

Age·based limit?


9.23

7/3/1961 55 yea rs 10 months

$1.315.79 13.50

$97.47 35 75

)482.63 $530.89

$83.017.69 0.97

$1,050.21

$1,050.22

$1,050.22

No N/A


Application fo r Benefit Suspension

Demonstrat ion that l imi tations on Individual Suspensions Are Satisfied

Checklist Item #09

Il lustration #Ill

Participant Category : Inactive, Not Vested

Accrual Category: All years at 1%

Date of birth


To tal accrued bene fit payable at normal re tirement ag~






110% o f PBGC guaranteed benefit







Summary of Applicable Feder al Limitations

110% of Pl!GC guaran teed limit?

Age-based limit?

9.24

7/27/1978 38 years 10 months

$34.13

2.00

$17.07

15.55 $31.10 $34.21

$9,576.10 $124.49

$124.49

1.00

$34 .13

No

N/A

Bricklayers & Allied Craftsmen Local No. 7 Pension Plan Application for Benefit Suspension

Demonstration that Limitations on Individual Su>pcnslons fire Satisfied ChflCklist Item U09

Illustration 1122

Part icipant category: Inactive Vested

Accrual category: All years at 1%

Date of birth

Age at suspension ela te Total accrued benefit payable at normal r'C i irem~nt age To tal benent credits

Calculation of 110% of PBGC Guarantee Current monthly b<!nefit/benelit credits

PBGC guaranteed accrual rate PSGC guaranteed benefit


Calcul~tion of M onthly Benefit under Proposed Suspension Total accrued corW ibution 1.3% of total accrued contribution



Final M onthly Benefi t under Proposed Suspension

Summary of' Applicable Federal Llmit~tion s

6/25/1983 33 ye~rs 1.1 months

$113.23 5.00

$22.65 19.73

$98.67 $108.54

$32,039.04 $416.51

$416.51 1.00

$ll3.2.3

110% of PBGC guaranteed limit? No Age-based limit? N/ A

\1.25

Bricklayers & Allied Craftsmen Local No.7 Pension Pl~n


Demonstration that llmit~tions on Individual Suspensions Are Sa tisf ied

Checkl ist Item #09

Illustration #23

Participant Catecory: Inactive, Vested


Date of birth

Age at SUSI>ension date To tal accru~d b1•n~fit payable at normal retirement age Total benefit credits

calculation o f 110% of PBGC Guarantee

Current monthly benefit/benefit c.redits




Calculation of Monthly Beneflt under rroposod Suspension

Tota l accrued conlrluution

1.3% of tot~ I accrued con tribution


QPSA Reducllon Factor


Summary of Applicable Federal Llmitatiot'ls

110% of PBGC guaranteed l imi t?

Age-based limi t?

9.26


$876.05 6.00

$146.01 35.75

S214.SO $235.95

26546.76

$345.11

$345.11

1.00

$~45.11

No

N/A

Bricklayers & Allied Craftsmen local No.7 Pension Plan


Demonstration that Umltatlons on Individual Suspensions Are Satisfied

Checklist Item n09

Illustration #24

PJrticipant Category: Inactive, Vested

Accrual Category: All years at 3.3"

Date of birth

Age at suspe11sioll da te

Total accrued benefit payable at normal rellrcment age

TotJI benefit credi ts

Calculation of 110% o f PBGC Guarantee



PBGC guaranteed berefit

110% of POGC Buaranteed benefit


Total accruad <Ontribu tion


Greater of 110% of PDGC or Proposed Suspension



Summary of App licublc Federal limitations


$161.98

600

$27.00 n.oo

$137.99 $151.78

$8,180.07

$106.34

$151 78 1.00

$151.78

110')(, or P6GC guaranteed limit? Yes Age-based llmil? N/A

~.27


Application for Benefit Suspension Demonstration that Limitations on Individual Suspensions Are Satisfied

Checklist Item U09 Illustration 1125

Participant Category: Inactive, Vested

Accru~l Category: Inactive all at 4.1%

Date of birth

Age at suspension date Total accrued bene lit payable at normal retirement age Total benefit credits

calculation of 110% or PBGC Guarantee Curren! monthly benefit/benefit credits

PBGC guaranteed aC(;rual rate PBGC guaranteed benefit

110% ol PBGC guaranteed benefit

Calcui:Jtion of Monthly Benefit under Proposed Suspension

Total accrued contribulion 1.3% or total accrued contribution

Greater ol 110% of PBGC or Proposed Suspension




llO% of PBGC guaranteed limit? Age-based limit?

9.28


$878.79 s.oo

$175.76 35.75

$178.75 $196.63

$21,433.86 $278.64

$278.M

100

$278.64

No N/A


Application for Benefit Suspansion

Demonstration that limitations on Individual SuspensiOn$ Arc Satisfied

Checklist Item 1109 Illustration U26

Participant Category: Inactive, Vested

Accrual Category: Multiple rate$

Date of birth

Age at suspension dale Total accrued benefit payable at normal re tirement age Total benefit cred1ts


Current monthly benefit/benefi t credits







Greater olllO% of PBGC or Proposed Suspension



Summary of Applicable Fed.,ral limitations

7/31/1957 59 years l.O months

$1,353.79 7.00

5193.40 35.75

$250 25 $275.28

$35,560 83 $462.29

$462.29

1.00

$462.29

110% of P!lGC ~:uaranteed limit? No

Age-based limit? N/ A

9.29

Bricklayers & Allied Craftsmen local No. 7 Pension Plan Application for Benefit Suspension

Demonstration that limitations on Ind ividual Suspensions Are Satisfied

Checklist Item 1109 lllu•tration U27

Participant Catego ry: Inactive, Vested

Accrual category: Multiple rates

Da te of birth

Age at suspensio n date Total accrued benefit payable at normal retirement age

Tolal benefit credits


Current monlhly benefit/benefit credits r BGC guaranteed accrua l rate

PBGC gua ranteed benefit 110% of PBGC guaranteed benefit


1.3% of total acaued contribution

Greater of 110% of PBGC o r Proposud Suspension QPSA Reductio n Factor

Fina l Monthly Benefit under Proposed Suspension


110% of PBGC cuaranteed limrt? Age·based limit?

9.30


$841.81 14.00

$60.13 35.75

$500.50

$550.55

$22,741.85 $295.64

$550.55 1.00

ssso.ss

Yes

N/A

Bricklayers & Allied Craftsmen l ocal No.7 Pension Plan


Demonstration that limitations on Individual Suspensions Arc Satisfied

Checklist Item U09

Illustration U28

Participant Category: Al ternate Payee not in Payment

Accruol Category: Mul t iple rates

Date of birth


Total accrued benefit payable at normal retiremen t age Total belle fit credits


Current mont hly benefit/benefit credits

PBGC !Ju~rn nteed accrua l rate



Cnlcul~tion of M onthly Benefit under Proposed Suspension

T ota I accrued contribution

Additional early retirement adjustment AP age




Final Monthly Bene lit <mder Proposed Suspensloll


110% of PBGC guaranteed l11nit?

A{le·ba•ed limit?

Notes· Service and contributions shown are after adjustment for QDRO

9.3 1


$287.58

5.2~

$54.88

35.75

$187.33 $206.06

$8,543.58

88.17%

0.97

$94.99

$206.06

$206.06

Yes

N/A


Application for Benefit Suspension Demonst ration t hat limitations on Individual Suspensions Are Satisfied

Checklist Item U09

Illustration 1129

Participant Category: Inactive, Ves1ed

Accrual Category: M ultiple rates

Date of birth

Age at suspension date Total occrued benefit payable at May 1, 20'17 Total benefit credits

Calculation olllO% of PBGC Guarantee

Current monthly benefit without late retirement Current monthly beneOt/benent credits

PBGC guaranteed accru~ l rate PBGC guaranteed benefit

110% of PBGC guara nteed benefit

Calcu lation of M onlhly Benefit under Proposed Suspension


Late retirement adjustment 1.3% of total accrued contribution

Greater of 110% of PBGC or Proposed Suspension QPSA Reduction Factor

f inal Monthly Benefit under Proposed Suspension

Summary of Applicable Federal limitations 110% of PBGC guaranteed llm1t?

Age-based limit?

9.32

10/2/1952 M years 7 months

$690.63 9.00

$528.~6

$58.72 35.75

$321.75 $353.93

$16,301.43 131%

$276.95

$353.93 100

$353.93

Yes

N/A

o. 7 Pension Plan Chccldist Hem #09 Does the application ...

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