Appendix B: Page 1 of 19

WESTERN STATES OFFICE AND 

PROFESSIONAL EMPLOYEES PENSION FUND

SECOND SUSPENSION APPLICATION

Appendix B
Western States Office and Professional Employees Pension Fund

Appendix B: Page 2 of 19

Notice of Application for Approval of a Proposed Reduction of 

Benefits under the Western States Office and Professional Employees 

Pension Fund

NOTICE OF A PROPOSED REDUCTION OF YOUR PENSION BENEFITS

On August 24, 2017, the Board of Trustees of the Western States Office and Professional 

Employees Pension Fund (“Plan”) submitted an application to the U.S. Treasury Department for

approval to reduce benefits under the Plan. This type of benefit reduction is allowed by the

Federal law called the Multiemployer Pension Reform Act of 2014 (MPRA).

You are getting this notice because you have a pension benefit under the Plan. The end of this

notice describes the proposed reduction of your monthly payments.1 This notice will also

answer the following questions for you:

1. Why is the Board of Trustees proposing to reduce benefits?

2. What will happen if the Plan runs out of money?

3. How did the Board of Trustees decide whose benefits to reduce and by how much?

4. What are the proposed reductions in benefits?

5. What comes next?

1. Why is the Board of Trustees proposing to reduce benefits?

The Plan’s actuary estimated that, unless benefits are reduced, the Plan will not have

enough money to pay benefits in the year 2034, based on the Plan’s 2017 Pension 

Protection Act certification. This estimate is based on how much money the actuary

expects the Plan to receive and to pay out each year. The Plan’s actuary estimated that,

with the reduction of benefits that the Board of Trustees has proposed, the Plan should

not run out of money.

2. What will happen if the Plan runs out of money?

If the Plan does not have enough money to pay benefits, then only the amount

guaranteed by the Pension Benefit Guaranty Corporation (“PBGC”) will be paid. You

can find the amount of your benefit that is guaranteed by the PBGC at the end of this 

notice.

 

1

A version of this notice that does not include the estimate of the effect on your benefit is being sent to unions that

represent Plan participants and to all contributing employers.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 3 of 19

3. How did the Board of Trustees decide whose benefits to reduce and by how 

much?

Under Federal law, the Board of Trustees must apply the following rules to the proposed

reduction:

 The total reduction in everybody’s benefits must be estimated to be large enough 

to keep the Plan from running out of money but not larger than needed to do that.

 Your monthly benefit and the benefit of your beneficiary cannot be reduced below

110% of the amount guaranteed by the PBGC.

 Disability benefits (as defined under the Plan) cannot be reduced.

 The benefits of people who are at least 80 years old on June 30, 2018 and their 

beneficiaries cannot be reduced.

 The benefits of people who are at least 75 years old on June 30, 2018 and their 

beneficiaries are partially protected, and the closer the person is to age 80 the

less the benefits can be reduced.

 The reduction of benefits must be spread fairly among the people who have a

pension benefit under the Plan.

In deciding whether the proposed reduction is spread fairly, the Board of Trustees

considered the following factors:

 Age and life expectancy of Plan participants.

 Status in the Plan (active, terminated vested, retired).

 Amount of benefits provided by the Plan.

 Extent to which benefits provided contain subsidies.

 History of benefit increases and reductions.

 Discrepancies between benefits provided to active and retired participants.

 Withdrawn employers and the extent to which each is paying their withdrawal 

liability.

 Likelihood of active participants to withdraw support for the Plan, which may

cause employer withdrawals and increase the risk of additional benefit reductions 

for all participants and beneficiaries.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 4 of 19

4. What are the proposed reductions in benefits?

The Board of Trustees has considered all options to arrive at a fair and equitable reduction 

plan that will enable the Plan to continue paying benefits to all of its participants and 

beneficiaries. This proposed plan is called the Pension Benefit Reduction and Recovery 

Plan.

The Board of Trustees proposes the following reduction of benefits:

 A 30% decrease for all participants and beneficiaries, but no reduction below 

110% of the PBGC guaranteed benefit for each affected participant. 

 No category or group will be treated differently for the purpose of the benefit 

reduction, except as provided below.

 Disability pensions are not reduced.

 Participants who are age 80 or older on June 30, 2018, have no 

reduction.

 Participants between ages 75 and 80 on June 30, 2018 have the following 

reduction:

Age on 

June 30, 2018 Benefit Reduction Allowed Under MPRA

75 Up to 100% of the reduction amount

76 Up to 80% of the reduction amount

77 Up to 60% of the reduction amount

78 Up to 40% of the reduction amount

79 Up to 20% of the reduction amount

80 No benefit reduction

 The proposed reduction in benefits will remain in effect indefinitely. 

The Plan is not expected to run out of money with the proposed reduction in benefits.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 5 of 19

5. What comes next?

Approval or denial of the application by the Treasury Department

The Treasury Department will review the application to see whether it meets all of the

legal requirements under Federal law. If the application meets all of those requirements,

the Treasury Department is required to approve the application. If the application does

not meet the legal requirements, the Treasury Department will deny the application. The

Treasury Department will have until April 6, 2018 to make a decision. 

You can get information from the Treasury Department

More information about the proposed benefit reductions and a copy of the application is

available at www.treasury.gov/mpra.

The application will be available on that website within 30 days after the Treasury

Department receives it. The application includes more information about the proposed

reduction, including details about: 1) the Plan actuary’s certification that the Plan will run

out of money (that is, that the Plan is in “critical and declining status”); 2) how the

proposed reduction would satisfy the requirement that it be large enough so that the Plan 

is estimated not to run out of money, while not being larger than needed; and 3) the

sensitivity of these estimates to the assumptions used.

The application describes the steps the Board of Trustees has already taken to keep the

Plan from running out of money and why the Board of Trustees believes that a benefit

reduction is the only remaining option to keep the Plan from running out of money. In

addition, the application explains why the Board of Trustees believes that the proposed

reduction is spread fairly among the people who have a pension benefit under the Plan.

The Treasury Department website will also provide updated information on the

application, such as whether the application has been updated or withdrawn.

For further information and assistance you can also write to the Treasury Department at

the following address:

Department of the Treasury

Attn: MPRA Office, Room 1001

1500 Pennsylvania Avenue, NW

Washington, DC 20220

You can comment on the application to reduce benefits

You can submit a comment on the application by going to www.treasury.gov/mpra.

Comments may also be mailed to the Department of the Treasury, at the address listed 

above. All interested parties can make comments, and the comments will be publicly

available.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 6 of 19

Retiree Representative

If a plan has 10,000 or more participants, the Board of Trustees must select a retiree

representative to advocate for the interests of retirees, beneficiaries, and deferred vested 

participants as part of this process. A plan is required to pay the reasonable expenses

of the retiree representative.

The Board of Trustees is not required to select a retiree representative, because the

Plan has fewer than 10,000 participants. The Board of Trustees has not chosen to

select a retiree representative.

Vote on the proposed benefit reduction

If the application for the proposed reduction of benefits is approved by the Treasury

Department, then you will have the opportunity to vote on the proposed reduction.

Unless a majority of all participants and beneficiaries of the Plan vote to reject the

reduction, the Treasury Department must allow the reduction of benefits to take effect.

This means that not voting counts the same as a vote to approve the reduction.

Your right to see Plan documents

You may want to review Plan documents to help you understand your rights and the

proposed reduction to your benefits. The Plan administrator must respond to your

request for the following documents within 30 days:

 The Plan document (including any amendments adopted to reflect an authorized

reduction of benefits), trust agreement, and other documents governing the Plan

(such as collective bargaining agreements).

 The Plan’s most recent summary plan description (SPD or Plan brochure) and

any summary of material modifications.

 The Plan’s Form 5500 annual reports, including audited financial statements,

filed with the U.S. Department of Labor during the last six years.

 The annual funding notices furnished by the Plan during the last six years.

 Actuarial reports, including reports prepared in anticipation of the benefit

reduction, furnished to the Plan within the last six years.

 The Plan’s current rehabilitation plan, including contribution schedules and

annual Plan-sponsor determinations that all reasonable measures to avoid

running out of money continue to be taken and that the Plan would run out of

money if there were no benefit reductions.

 Any quarterly, semi-annual or annual financial reports prepared for the Plan by

an investment manager, fiduciary or other advisor and furnished to the Plan

within the last six years.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 7 of 19

The Plan administrator may charge you the cost per page to the Plan for the cheapest

way of copying documents, but cannot charge more than 25 cents per page. The Plan’s

Form 5500 Annual Return/Report of Employee Benefit Plan is also available free of

charge at www.dol.gov/ebsa/5500main.html. Some of the documents also may be 

available for examination, without charge, at the Plan administrator’s office, your worksite

or union hall. You may also find most of the documents on the Plan’s website at 

www.wsp.aibpa.com.

For questions or concerns about the Pension Benefit Reduction and Recovery Plan

A special call center has been created to answer all other questions regarding the 

Pension Benefit Reduction and Recovery Plan. The call center will be open from 9:00 

a.m. to 5:00 p.m. Pacific Time, Monday through Friday. You can reach the call center at 

(888) 999-4089.

Your right to challenge incorrect calculations

If you think the Plan miscalculated the reduction to your benefits, then you have the right

to submit a claim to the Plan to have the calculation corrected. The Plan’s summary

plan description (“SPD”) tells you how to submit a claim. The SPD also describes your 

right to have a court review the Plan’s final decision on your claim.

If you believe the information used to calculate your estimate at the end of this notice is

wrong, please contact the Trust Office at (503) 222-7694 or (800) 413-4928, or by mail at 

BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222, or 

by e-mail at wsope@aibpa.com.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 8 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual who is in pay status, is age 75 and younger, and has a proposed suspension]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $917.00 This is your current monthly benefit.

Pension Benefit Reduction and 

Recovery Plan

$641.90 This is your estimated monthly benefit under the Pension Benefit 

Reduction and Recovery Plan, beginning on June 1, 2018. 

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

The proposed reduction is permanent.

Pension Benefit Guaranty 

Corporation (PBGC)

$536.25 This is your estimated benefit guaranteed by the PBGC.

Note: Without the proposed benefit reduction, you will receive 

$917.00 until the Plan runs out of money. Then you will receive 

the estimated PBGC guaranteed benefit of $536.25 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 15.0 years of credited service under the Plan

Your Age at June 30, 2018 65 years and 2 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 9 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual who is in pay status, is older than 75 but younger than 80, and who has a proposed suspension]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $2,500.29 This is your current monthly benefit.

Pension Benefit Reduction and 

Recovery Plan

$2,312.77 This is your estimated monthly benefit under the Pension Benefit 

Reduction and Recovery Plan, beginning on June 1, 2018. 

Because you will be 15 months younger than age 80 on June 30, 

2018, your benefit is partially protected under MPRA. Only 25%

(15/60 months) of the 30% proposed reduction can be applied to 

your current monthly benefit. The total proposed reduction to your 

benefit is 7.5%.

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

The proposed reduction is permanent.

Pension Benefit Guaranty 

Corporation (PBGC)

$1,072.50 This is your estimated benefit guaranteed by the PBGC.

Note: Without the proposed benefit reduction, you will receive 

$2,500.29 until the Plan runs out of money. Then you will receive 

the estimated PBGC guaranteed benefit of $1,072.50 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 30.0 years of credited service under the Plan

Your Age at June 30, 2018 78 years and 9 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 10 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual who has a proposed suspension, is not yet in pay status, and is below normal retirement age]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $1,677.23 This is your estimated monthly benefit if you start receiving it on 

February 1, 2023 (your normal retirement date), in the form of a 

Single Life Annuity.*

Pension Benefit Reduction and 

Recovery Plan

$1,174.06 This is your estimated monthly benefit in the same form under 

the Pension Benefit Reduction and Recovery Plan, beginning on 

February 1, 2023 (your normal retirement date).*

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

The proposed reduction is permanent.

Pension Benefit Guaranty 

Corporation (PBGC)

$643.50 This is your estimated benefit guaranteed by the PBGC.*

Note: Without the proposed benefit reduction, you will receive 

$1,677.23 in the form of a Single Life Annuity until the Plan runs 

out of money. Then you will receive the estimated PBGC 

guaranteed benefit of $643.50 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

* These numbers are just estimates based on your accrued benefit as of January 1, 2017. Your actual accrued benefit as of June 1, 

2018 will be subject to the proposed reduction. The actual amount you receive will depend on things like how long you work and 

when you begin receiving payments. For more information, please refer to “Retirement Benefits” in your Summary Plan Description 

Booklet.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 18.0 years of credited service under the Plan

Your Age at June 30, 2018 59 years and 11 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 11 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual who has a proposed suspension, is not yet in pay status, and is above normal retirement age]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $1,590.04 This is your estimated monthly benefit as of June 1, 2018, in the 

form of a Single Life Annuity.*

Pension Benefit Reduction and 

Recovery Plan

$1,113.03 This is your estimated monthly benefit in the same form under 

the Pension Benefit Reduction and Recovery Plan as of June 1, 

2018.*

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

The proposed reduction is permanent.

Pension Benefit Guaranty 

Corporation (PBGC)

$715.00 This is your estimated benefit guaranteed by the PBGC.*

Note: Without the proposed benefit reduction, you will receive 

$1,590.04 in the form of a Single Life Annuity until the Plan runs 

out of money. Then you will receive the estimated PBGC 

guaranteed benefit of $715.00 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

* These numbers are just estimates based on your accrued benefit as of January 1, 2017. Your actual accrued benefit as of June 1, 

2018 will be subject to the proposed reduction. These amounts will be different if you take your benefit in a different form. 

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 20.0 years of credited service under the Plan

Your Age at June 30, 2018 65 years and 5 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 12 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual who has a proposed suspension that is LOWER than 110% of the PGBC guarantee, is in pay status]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $350.44 This is your current monthly benefit.

Pension Benefit Reduction and 

Recovery Plan

$313.31 This is your estimated monthly benefit under the Pension Benefit 

Reduction and Recovery Plan, beginning on June 1, 2018.

Note: Without the protections provided through MPRA, your 

benefit under the Pension Benefit Reduction and Recovery Plan 

is calculated at $245.31. However, under MPRA your reduced 

benefit cannot be lower than 110% of the PBGC guaranteed 

benefit (noted below); thus, your reduction is limited to $313.31.

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

The proposed reduction is permanent.

Pension Benefit Guaranty 

Corporation (PBGC)

$284.83 This is your estimated benefit guaranteed by the PBGC.

Note: Without the proposed benefit reduction, you will receive 

$350.44 until the Plan runs out of money. Then you will receive 

the estimated PBGC guaranteed benefit of $284.83 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 8.0 years of credited service under the Plan

Your Age at June 30, 2018 73 years and 2 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 13 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual who has a proposed suspension that is LOWER than 110% of the PGBC guarantee, is not yet in pay 

status, and is below normal retirement age]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $340.30 This is your estimated monthly benefit if you start receiving it on 

July 1, 2038 (your normal retirement date), in the form of a Single 

Life Annuity.*

Pension Benefit Reduction and 

Recovery Plan

$304.95 This is your estimated monthly benefit in the same form under 

the Pension Benefit Reduction and Recovery Plan, beginning on 

July 1, 2038 (your normal retirement date).* 

Note: Without the protections provided through MPRA, your 

benefit under the Pension Benefit Reduction and Recovery Plan 

is calculated at $238.21. However, under MPRA your reduced 

benefit cannot be lower than 110% of the PBGC guaranteed 

benefit (noted below); thus, your reduction is limited to $304.95.

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

The proposed reduction is permanent.

Pension Benefit Guaranty 

Corporation (PBGC)

$277.23 This is your estimated benefit guaranteed by the PBGC.*

Note: Without the proposed benefit reduction, you will receive 

$340.30 in the form of a Single Life Annuity until the Plan runs out 

of money. Then you will receive the estimated PBGC guaranteed 

benefit of $277.23 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

* These numbers are just estimates based on your accrued benefit as of January 1, 2017. Your actual accrued benefit as of June 1, 

2018 will be subject to the proposed reduction. The actual amount you receive will depend on things like how long you work and 

when you begin receiving payments. For more information, please refer to “Retirement Benefits” in your Summary Plan Description 

Booklet.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 8.0 years of credited service under the Plan

Your Age at June 30, 2018 44 years and 6 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 9:00 a.m. to 

5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 14 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual who has a proposed suspension that is LOWER than 110% of the PGBC guarantee, is not yet in pay 

status, and is above normal retirement age]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $264.00 This is your estimated monthly benefit as of June 1, 2018, in the 

form of a Single Life Annuity.*

Pension Benefit Reduction and 

Recovery Plan

$196.63 This is your estimated monthly benefit in the same form under 

the Pension Benefit Reduction and Recovery Plan as of June 1, 

2018.* 

Note: Without the protections provided through MPRA, your 

benefit under the Pension Benefit Reduction and Recovery Plan 

is calculated at $184.80. However, under MPRA your reduced 

benefit cannot be lower than 110% of the PBGC guaranteed 

benefit (noted below); thus, your reduction is limited to $196.63.

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

The proposed reduction is permanent.

Pension Benefit Guaranty 

Corporation (PBGC)

$178.75 This is your estimated benefit guaranteed by the PBGC.*

Note: Without the proposed benefit reduction, you will receive 

$264.00 in the form of a Single Life Annuity until the Plan runs out 

of money. Then you will receive the estimated PBGC guaranteed 

benefit of $178.75 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

* These numbers are just estimates based on your accrued benefit as of January 1, 2017. Your actual accrued benefit as of June 1, 

2018 will be subject to the proposed reduction. These amounts will be different if you take your benefit in a different form. 

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 5.0 years of credited service under the Plan

Your Age at June 30, 2018 65 years and 5 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 15 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual in pay status whose benefits are not proposed to be suspended due to reduction falling below 110%

of the PGBC guarantee]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $120.50 This is your current monthly benefit.

Pension Benefit Reduction and 

Recovery Plan

$120.50 If reduced under the Pension Benefit Reduction and Recovery 

Plan, your benefit would fall below 110% of your PBGC 

guaranteed benefit (noted below). This is not allowed under 

MPRA; thus, your current benefit would not change. 

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

Pension Benefit Guaranty 

Corporation (PBGC)

$112.38 This is your estimated benefit guaranteed by the PBGC.

Note: Without the proposed benefit reduction, you will receive 

$120.50 until the Plan runs out of money. Then you will receive 

the estimated PBGC guaranteed benefit of $112.38 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 8.0 years of credited service under the Plan

Your Age at June 30, 2018 62 years and 2 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 16 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual not yet in pay status, and below normal retirement age, whose benefits are not proposed to be 

suspended due to reduction falling below 110% of the PGBC guarantee]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $100.20 This is your estimated monthly benefit if you start receiving it on 

February 1, 2046 (your normal retirement date), in the form of a 

Single Life Annuity.*

Pension Benefit Reduction and 

Recovery Plan

$100.20 If reduced under the Pension Benefit Reduction and Recovery 

Plan, your estimated benefit in the same form, beginning on

February 1, 2046 (your normal retirement date), would fall below 

110% of your PBGC guaranteed benefit (noted below). This is not 

allowed under MPRA; thus, your current estimated benefit would 

not change.*

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

Pension Benefit Guaranty 

Corporation (PBGC)

$94.40 This is your estimated benefit guaranteed by the PBGC.*

Note: Without the proposed benefit reduction, you will receive 

$100.20 in the form of a Single Life Annuity until the Plan runs out 

of money. Then you will receive the estimated PBGC guaranteed 

benefit of $94.40 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

* These numbers are just estimates based on your accrued benefit as of January 1, 2017. Your actual accrued benefit as of June 1, 

2018 will be subject to the proposed reduction. The actual amount you receive will depend on things like how long you work and 

when you begin receiving payments. For more information, please refer to “Retirement Benefits” in your Summary Plan Description 

Booklet.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 7.0 years of credited service under the Plan

Your Age at June 30, 2018 36 years and 11 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 9:00 a.m. to 

5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 17 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual not yet in pay status, and above normal retirement age, whose benefits are not proposed to be 

suspended due to reduction falling below 110% of the PGBC guarantee]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $164.71 This is your estimated monthly benefit as of June 1, 2018, in the 

form of a Single Life Annuity.*

Pension Benefit Reduction and 

Recovery Plan

$164.71 If reduced under the Pension Benefit Reduction and Recovery 

Plan, your estimated benefit in the same form as of June 1, 2018

would fall below 110% of your PBGC guaranteed benefit (noted 

below). This is not allowed under MPRA; thus, your current 

estimated benefit would not change.*

Note: This is not a final benefit calculation. This is an estimate of

the effect of the proposed reduction on your Plan benefit. The 

estimate assumes the proposed benefit reduction is effective on

June 1, 2018. If the benefit reduction starts later, the effect of the

proposed reduction on your benefit might be different.

Pension Benefit Guaranty 

Corporation (PBGC)

$156.53 This is your estimated benefit guaranteed by the PBGC.*

Note: Without the proposed benefit reduction, you will receive 

$164.71 in the form of a Single Life Annuity until the Plan runs out 

of money. Then you will receive the estimated PBGC guaranteed 

benefit of $156.53 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

* These numbers are just estimates based on your accrued benefit as of January 1, 2017. Your actual accrued benefit as of June 1, 

2018 will be subject to the proposed reduction. These amounts will be different if you take your benefit in a different form. 

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 12.0 years of credited service under the Plan

Your Age at June 30, 2018 65 years and 8 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 18 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual in pay status whose benefits are not proposed to be suspended due to disability]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $608.19 This is your current monthly benefit.

Pension Benefit Reduction and 

Recovery Plan

$608.19 Because you are receiving a disability pension, your monthly 

benefit would not change under the Pension Benefit Reduction 

and Recovery Plan. 

Pension Benefit Guaranty 

Corporation (PBGC)

$393.25 This is your estimated benefit guaranteed by the PBGC.

Note: Without the proposed benefit reduction, you will receive 

$608.19 until the Plan runs out of money. Then you will receive 

the estimated PBGC guaranteed benefit of $393.25 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 11.0 years of credited service under the Plan

Your Age at June 30, 2018 60 years and 4 months

Disability Benefit $608.19 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 19 of 19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

[For an affected individual in pay status whose benefits are not proposed to be suspended due to age]

This estimate of the effect of the proposed Pension Benefit Reduction and Recovery Plan has been prepared 

for:

[Affected Individual’s Name]

[Address]

[Town, State, Zip]

Benefit

Estimated 

Amount Description

Current Plan $833.20 This is your current monthly benefit.

Pension Benefit Reduction and 

Recovery Plan

$833.20 Because you will be at least age 80 on June 30, 2018, your 

monthly benefit would not change under the Pension Benefit 

Reduction and Recovery Plan. 

Pension Benefit Guaranty 

Corporation (PBGC)

$607.75 This is your estimated benefit guaranteed by the PBGC.

Note: Without the proposed benefit reduction, you will receive 

$833.20 until the Plan runs out of money. Then you will receive 

the estimated PBGC guaranteed benefit of $607.75 thereafter.

The PBGC benefit applies if the Plan does not have enough 

money to pay benefits. However, your PBGC guaranteed benefit 

may be significantly less if the PBGC runs out of money itself.

The above estimates are based on the following information from Plan records:

Factor Description

Service Credit You have 17.0 years of credited service under the Plan

Your Age at June 30, 2018 82 years and 11 months

Disability Benefit $0 – This is the portion of your benefit that is based on disability.

Contact the Trust Office if you have a question about the factors used to determine your Plan benefit. 

Phone: (503) 222-7694 or (800) 413-4928

Mail: BeneSys, Inc., 1220 S.W. Morrison Street, Suite 300, Portland, Oregon, 97205-2222

Email: wsope@aibpa.com

For all other questions, contact the dedicated call center at (888) 999-4089. The call center is available from 

9:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday.