Appendix B: Page 1 of 18

WESTERN STATES OFFICE AND 

PROFESSIONAL EMPLOYEES PENSION FUND

THIRD SUSPENSION APPLICATION

Appendix B
Western States Office and Professional Employees Pension Fund

Appendix B: Page 2 of 18

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 May 15, 2018, 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.1This 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 2036, based on the Plan’s 2018 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 is not expected to 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.

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 accomplish that goal.

 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.

 

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 18

 The benefits of people who are at least 80 years old on October 31, 2018 and their 

beneficiaries cannot be reduced.

 The benefits of people who are at least 75 years old on October 31, 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 earned 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.

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 October 31, 2018, have no reduction.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 4 of 18

 Participants between ages 75 and 80 on October 31, 2018 have the following reduction:

Age on 

October 31, 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.

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. Although Treasury has up to 

225 days to review the application and make a final decision, it is anticipated that the Treasury

Department will make a decision on this application in time for an October 1, 2018 effective date. 

You can get information from the Treasury Department

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

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.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 5 of 18

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 1204

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.

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 the accountant’s report and 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.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 6 of 18

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

proposed benefit reduction goes into effect, 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.

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.wspensionbenefits.org.

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., 

PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239, or by e-mail at 

wsope@benesys.com.
Western States Office and Professional Employees Pension Fund

Appendix B: Page 7 of 18

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 October 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

October 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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 8 of 18

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 October 1, 2018. 

Because you will be 15 months younger than age 80 on October 

31, 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

October 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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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

October 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, 2018. Your actual accrued benefit as of October

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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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 October 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 October

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

October 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, 2018. Your actual accrued benefit as of October

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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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 October 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

October 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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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

October 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, 2018. Your actual accrued benefit as of October

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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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 October 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 October

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

October 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, 2018. Your actual accrued benefit as of October

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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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

October 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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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

October 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, 2018. Your actual accrued benefit as of October

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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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 October 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 October 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

October 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, 2018. Your actual accrued benefit as of October

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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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 18

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 October 31, 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 October 31, 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., PMB 116, 5331 SW Macadam Ave., Suite 258, Portland, Oregon, 97239

Email: wsope@benesys.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.