International Association of Machinists Motor City Pension Fund

EIN/Plan #: 38-6237143/001

Checklist Item #29 – 6.06 Plan Sponsor Certifications Relating to Plan Amendments

Does the application include the plan sponsor's representation that, if it receives the Treasury 

Department's final authorization to suspend and then chooses to implement the suspension, it will also 

amend the plan 

• to indicate that the suspension will cease upon the plan sponsor's failure to determine that both 

all reasonable measures continue to be taken to avoid insolvency and that the plan is projected to 

become insolvent without a suspension, 

• to require that any future benefit improvements must satisfy §432(e)(9)(E), and 

• to specify that the plan sponsor will not modify these amendments, notwithstanding any other 

provision of the plan document. 

See section 6.06.

Document 29.1 is the representation by authorized Trustees that the Plan will be amended to reflect 

the proposed benefit suspension if approved.

Document 29.2 is the amendment to the plan document which would add the proposed benefit 

suspension.


International Association of Machinists Motor City Pension Fund

EIN/Plan #: 38-6237143/001

Checklist Item #29 – 6.06 Plan Sponsor Certifications Relating to Plan Amendments

Document 29.2

SECOND AMENDMENT

TO THE

INTERNATIONAL ASSOCIATION OF MACHINISTS MOTOR CITY

PENSION PLAN

WHEREAS, the International Association of Machinists Motor City Pension Plan (the “Plan”) 

was established effective June 1, 1955 to provide retirement benefits to eligible participants; and

WHEREAS, the Plan has been amended from time to time and was most recently restated in its 

entirety as of July 1, 2014, and

WHEREAS, the Trustees have power to amend the Plan under Section 9.01; and

WHEREAS, the Plan was in “critical and declining” status and applied to the Treasury Department 

for benefit suspensions under the Multiemployer Pension Reform Act (MPRA); and 

WHEREAS, the Treasury approved the Trustee’s application for benefit suspensions under MPRA 

and the Secretary of the Treasury has certified that a majority of participants has voted in favor of the 

benefit suspension under regulation §1.432(e)(9)-1(h)(2)(v);

NOW THEREFORE, the Plan is amended to implement such suspension, effective January 1, 

2018, unless otherwise stated, as follows:

ARTICLE IV - BENEFITS

Article IV shall be amended by adding a new Section 4.16 – Benefits After MPRA Suspension

Section 4.16 – Benefits After MPRA Suspension

In accordance with the application to suspend benefits the Trustees submitted to and approved by the 

Treasury Department under the Multiemployer Pension Reform Act (MPRA). Notwithstanding the 

foregoing Sections of this Article or any other part of the Plan, effective January 1, 2018 benefits shall be 

suspended as follows:

Participants Or Beneficiaries In Pay Status As Of January 1, 2018

The monthly benefit payable to Participants or Beneficiaries in pay status as of January 1, 2018, will be 

reduced as of said date to 110% of the amount of payment the Participant or Beneficiary would receive 

from the PBGC under its multiemployer guarantee program under ERISA 4022A if the Plan went 

insolvent. This reduction shall apply to benefits earned through January 1, 2018 and shall commence with 

the January 2018 payment. The benefit suspension shall not affect the any other facet of a Participant’s or 

Beneficiary’s benefit other than the monthly payment amount.

However, the foregoing benefit reductions shall not apply to any Disability Benefits in pay status as of 

January 1, 2018 or to the benefits of any Participant or Beneficiary who has attained age eighty (80) as of 

January 31, 2018. 

29.3
International Association of Machinists Motor City Pension Fund

EIN/Plan #: 38-6237143/001

Checklist Item #29 – 6.06 Plan Sponsor Certifications Relating to Plan Amendments

Participants whose benefit is less than or equal to 110% of the PBGC multiemployer guarantee benefit 

will not have a benefit reduction. Benefits earned after January 1, 2018 will accrue at five-tenths of a 

percent (0.5%) for credited contributions. 

Participants and Beneficiaries who have attained age seventy-five (75) shall have their monthly benefit 

reduced by the “applicable percentage” under Code Section 432(e)(9)(D)(ii). The “applicable percentage” 

is a percentage equal to the quotient obtained by dividing the number of months during the period 

beginning with the month after the month in which occurs the effective date of the suspension and ending 

with the month during which the Participant or Beneficiary attains the age of eighty (80), by sixty (60) 

months.

Participants Or Beneficiaries Not In Pay Status As Of January 1, 2018

The monthly benefit payable to Participants or Beneficiaries not in pay status as of January 1, 2018, will 

be reduced as of the first monthly payment upon going into pay status to 110% of the amount of payment 

the Participant or Beneficiary would receive from the PBGC under its multiemployer guarantee program 

under ERISA 4022A if the Plan went insolvent. This reduction shall apply to benefits earned through 

January 1, 2018. Benefits earned after January 1, 2018 are not affected and will accrue at five-tenths of a 

percent (0.5%) for credited contributions. The benefit suspension shall not affect the any other facet of a 

Participant’s or Beneficiary’s benefit other than the monthly payment amount.

IN WITNESS WHEREOF, this instrument has been executed this _____________ day of _________, 

2017. 

TRUSTEES

Appointed by Employers Appointed by Union

_____________________________ _____________________________ 

_____________________________ _____________________________ 

29.4