1

MICHIGAN REGIONAL COUNCIL OF CARPENTERS 

FRINGE BENEFIT FUNDS

P.O. Box 4540  Troy, MI. 48099-4540

Telephone: (248) 641-4950 800-572-2525

NOTICE OF SECOND APPLICATION BY THE CARPENTERS PENSION TRUST FUND –

DETROIT & VICINITY FOR APPROVAL OF A PROPOSED REDUCTION OF BENEFITS

NOTICE OF A PROPOSED REDUCTION OF YOUR CARPENTERS PENSION TRUST FUND

BENEFITS

On September 30, 2020, the Board of Trustees of the Carpenters Pension Trust Fund, Detroit & Vicinity (“the 

Pension Fund” or “Fund”) will submit an application to the U.S. Treasury Department for approval to reduce 

benefits under the Pension Fund’s pension plan. A prior application, submitted last year, was subsequently 

withdrawn by the Trustees. 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. A separate statement enclosed 

with 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 Pension Fund runs out of money?

3. How did the Board of Trustees decide to reduce benefits 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 Fund’s actuary estimates that, unless benefits are reduced, the Fund will not have enough money to pay 

benefits in about 15 years. This estimate is based on how much money the actuary expects the Fund to receive 

and pay out each year. The Fund’s actuary has estimated that, with the reduction of benefits that the Board of 

Trustees has proposed, the Fund should not run out of money.

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

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

represents Pension Fund participants and to all of the employers who make contributions to the Pension Fund.

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If the Fund does not have enough money to pay benefits, then only the amount guaranteed by the Pension 

Benefit Guaranty Corporation (“PBGC”) will be paid. A separate statement enclosed with this notice 

describes the amount of your individual benefit that is guaranteed by PBGC. 

3. How did the Board of Trustees decide which 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 Fund from 

running out of money but not larger than what is needed to do that.

• Your monthly benefit and the benefit of your beneficiary cannot be reduced below 110% of the amount 

guaranteed by PBGC (this is also called “the MPRA guaranteed amount”).

• Disability benefits (as defined under the Fund’s plan document) cannot be reduced.

• The benefits of people who are at least 80 years old on July 1, 2021 and their beneficiaries cannot be 

reduced.

• The benefits of people who are at least 75 years old on July 1, 2021 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 

Fund. 

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

following:

• The length of time that participants benefits have been in pay status.

• The amount of benefits that have been accrued.

• The extent to which participants have received benefits that were subsidized by the plan.

• The extent to which participants have received post-retirement benefit increases.

• The Fund’s history of benefit increases and reductions for participants and beneficiaries.

• The extent to which active participants may reasonably be expected to withdraw support for the plan, 

and the likelihood that as a result there may be an acceleration in employer withdrawals.

• Any differences between non-retiree and retiree benefits. Note, the phrase “non-retired” or “non-retiree” 

as used here and in the re-submission application means participants who are (1) active and (2) 

participants who are deferred vested (not actively performing covered work, but entitled to a benefit 

under the plan when they reach retirement age).

After considering the above factors, the Trustees ultimately decided on the following plan of benefit reductions.

4. What are the proposed reductions in benefits?

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The Board of Trustees proposes the following reduction of benefits:

• Any portion of any participant’s benefit that accrued after plan year 2007 (which was the year that the 

Fund’s accrual rate was reduced to 1%) will be unaffected (no reduction).

• For non-retired participants (and their beneficiaries and alternate payees), that portion of their benefit 

that accrued prior to plan year 2007 will be reduced by 32%.

• For retired participants (and their beneficiaries and alternate payees), that portion of their benefit that 

accrued prior to plan year 2007 will be reduced by 32%.

In determining to reduce benefits as described above, the Board of Trustees took into consideration the history 

of the Fund’s formula for benefit accruals (percentage of credited contributions). That history is summarized as 

follows:

For current active participants the historical benefit accrual rates are:

Time Period Multiplier

Before 5/1/2004 4.3%

5/1/2004 – 4/30/2007 3.0%

5/1/2007 - 1.0%

For deferred vested participants who left the Fund, the historical accrual rates are:

Last Plan Year of 

Service (Beginning 5/1):

Original Formula

Before 1976 2.75% of contributions, but not less than $35 per month or 

more that $650 per month*

1977 – 1978 2.75% of contributions, but not less than $35 per month or 

more than $800 per month*

1979

2.75% of the first $15,000 of contributions plus 3% of 

contributions in excess of $15,000, but not less than $35 

per month or more than $900 per month*

1980 – 1983 2.6% of contributions *

1984 2.9% of contributions *

1985 3.2% of contributions *

1986 3.4% (3.2% for plan years before 1985) of contributions

1987 – 1988 3.6% (3.4% for plan years before 1985) of contributions

1989 3.7% (3.4% for plan years before 1985) of contributions

1990 – 1991 3.85% of contributions

1992 – 1996 3.9% of contributions

1997 – 2003 4.3% of contributions

2004+

4.3% of contributions prior to 5/1/2004, plus

3.0% of contributions 5/1/2004-4/30/2007, plus

1.0% of credited contributions thereafter

* Not less than 3.5% of the first $4,300 of total contributions plus 1.5% of the remaining contributions if participant on 4/30/1969.

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In order to fairly apply the reductions described here, the Board of Trustees have proposed dividing the Fund’s 

participants into the following “groups” and “subgroups”:

The main groups will be:

Group Description

A Non-retired

B

Retiree who entered pay status between 9/1/2008 –

8/1/2013 and had a benefit reduction on 8/1/2013

C

Current or prior disability retiree who benefited under the 

2016 class action settlement

D Retiree or disabled retiree not included in groups B or C

Note: In the table above, “retiree” includes beneficiaries and alternate payees.

The subgroups will be:

Sub Group Description

1 Pre – 5/1/2007 accruals only

2 Post – 5/1/2007 accruals only

3 Both Pre – and Post – 2007 accruals

Enclosed with this notice is an individualized statement that describes the impact of proposed reduction 

on YOUR monthly payments. That statement will identify you as being within a group and subgroup. 

For example, you may be a non-retired participant who accrued a benefit by performing covered work 

both before and after May 1, 2007, which means that you are in group A3, and that portion of your 

benefit that was accrued prior to May 1, 2007 is subject to a 34% reduction, and the portion accrued 

after May 1, 2007 will not be reduced at all.

The proposed reduction will remain in effect indefinitely. The benefit reduction is expected to stabilize the Fund

and keep it solvent. This expectation is based on a number of assumptions – such as projected future work 

hours, contribution rates, and investment returns. Even with these and other assumptions carefully considered, it 

is possible that the reduction may not work as intended. 

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 the legal 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 May 13, 2021 to make a decision. If the 

application is granted, approved and adopted, the proposed suspension will take effect July 1, 2021.

You can get more 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, within thirty (30) days after the Treasury Department receives it. The application 

includes more information about the proposed reduction, including details about (1) the Fund actuary’s 

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certification that the Fund will run out of money (that is, that the Fund is in a “critical and declining status”); (2) 

how the proposed reduction would satisfy the requirement that it be large enough so that the Fund is estimated 

to not 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 Fund from running out 

of money and why the Board of Trustees believes that a benefit reduction is the only remaining option to keep 

the Fund from running out of money. In addition, the application explains why the Board of Trustees believes 

that the proposed reduction is spread fairly among those people who have a pension benefit under the Fund. 

The Treasury Department website will also provide updated information on the application, such as whether the 

application has been 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 1204

1500 Pennsylvania Avenue, NW

Washington, DC 20220

You can comment on the application to reduce benefits

You will be able to submit a comment on the application by going to www.treasury.gov/mpra. Comments may 

also be mailed to the Treasury Department, at the address listed above. All interested parties can make 

comments, and the comments will be publicly available. 

Retiree Representative

Because the Fund has more than 10,000 participants the Board of Trustees is required to select a retiree 

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

this process. The Fund is required to pay the reasonable expenses of the retiree representative.

On September 10, 2020, the Board of Trustees selected Charles Tindall to be the retiree representative. He is a 

retiree currently receiving benefits from the Fund and is not a member or former member of the Board of 

Trustees. Participants and beneficiaries may contact him as follows:

c/o Mr. Charles Tindall, Retiree Representative

Carpenters Pension Trust Fund – Detroit & Vicinity

700 Tower Drive, Ste. 300

Troy, MI 48098

Phone: (313) 570-1447

Email: Retiree.Rep@gmail.com

Vote on the proposed benefit reduction 

If the application for the proposed reduction of benefits is approved by the Treasury Department, you will then 

have the opportunity to vote on the proposed reduction. Unless a majority of all participants and beneficiaries 

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of the Fund 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 voting to approve the reduction.

Even if a majority of participants votes to reject the proposed reduction of benefits, Federal law gives the 

Treasury Department discretion to allow the proposed benefit reduction (or a modified version) to take effect if 

the projected cost to the PBGC to provide guaranteed benefits is particularly large. This rule applies if the value 

of payments from the PBGC if the Fund runs out of money is expected to be more than $1,097,000.00. Before 

the Treasury Department permits a reduction in this circumstance, the PBGC’s Participant and Plan Sponsor 

Advocate may recommend possible modifications to the proposed reduction.

You may contact the PBGC’s Participant and Plan Sponsor Advocate regarding such a modification by mail at 

Pension Benefit Guarantee Corporation, Attn: Participant and Plan Sponsor Advocate, 1200 K St., NW, 

Washington DC 20005; by telephone at (202) 229-4448; or by email at advocate@PBGC.gov.

Your right to see plan documents of the Fund

You may want to review certain plan documents of the Pension Fund to help you understand your rights and the 

proposed reduction to your benefits. The Fund Administrator must respond to your request for the following 

documents, within thirty (30) days: 

• The plan document of the Pension Fund (including any amendments adopted to reflect an authorized 

reduction of benefits), trust agreement, and other documents governing the Fund (such as collective 

bargaining agreements);

• The Fund’s most recent Summary Plan Description (SPD or plan brochure) and any Summary of 

Material Modifications (SMM);

• The Fund’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 Fund during the last six years;

• Actuarial reports, including reports prepared in anticipation of the benefit reduction, furnished to the 

Fund within the last six years;

• The Fund’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 Fund would run out of money if there were no 

benefit reductions; and

• Any quarterly, semi-annual, or annual financial reports prepared for the Fund by an investment manager, 

fiduciary, or other advisor and furnished to the Fund within the last six years.

The Fund administrator may charge you the cost per page to the Fund for the cheapest way of copying 

documents, but cannot charge more than 25 cents per page. The Fund’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 may also be available for examination, without charge, at the Fund administrator’s office, your 

worksite, or union hall. 

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Your right to challenge incorrect calculations

If you think the Fund miscalculated the reduction to your benefits, you have the right to submit a claim to the 

Fund to have the calculation corrected. The Fund’s Summary Plan Description (“SPD”) tells you how to submit 

a claim. The SPD also describes your right to have a court review the Fund’s final decision on your claim. If 

you believe the information used to calculate your estimated reduction is incorrect, please contact the Fund at:

Carpenters Pension Trust Fund, Detroit & Vicinity

Phone: (877) 631-MPRA

(877) 631-6772

Mail:

c/o BeneSys

700 Tower Drive, Ste. 300

Troy, MI 48098

(877) 631-6772

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

Plan records as of April 30, 2020 indicate that you are not yet a Plan participant. 

If you become a participant on or before May 1, 2021, you will be permitted to vote on the implementation of the proposed reduction. 

However, your monthly benefit would NOT change under the proposed reduction (since any benefits you earn will be earned after 

May 1, 2007).

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit would be $[MPRAFinal].1

 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below:

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2021

C You are in Group A2 (post 5/1/2007 accruals only)2

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

Late Retirement Factor

O If this box is marked with an “X”, the preceding estimates include an adjustment for late retirement assuming you 

have had no post-age 65 benefit accruals. If your final calculation shows that you had post-age 65 accruals, your 

benefit might be different.

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1 2

Plan records indicate that you are in Group A33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a XX% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than XX%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• The portion of your monthly benefit earned prior to May 1, 2007 is $[Pre07].

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the actuarial value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

Deleted: 2020

Deleted: 2019

Deleted: 2020

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

If you had started receiving your benefit without the proposed reduction on May 1, 2020 in the form of a life annuity, your monthly 

payment would have been $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced 

to $[MPRAFinal] starting July 1, 2021.

1 2

Plan records indicate that you are in Group A33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a 32% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 32%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• The portion of your monthly benefit earned prior to May 1, 2007 is $[Pre07].

Late Retirement Factor

O If this box is marked with an “X”, the preceding estimates include an adjustment for late retirement assuming you 

have had no post-age 65 benefit accruals. 

P If this box is marked with an “X”, the preceding estimates assume that your post-age 65 benefit accruals will 

completely offset the effect of any actuarial adjustment for late retirement and/or that your normal retirement 

benefit has been suspended. 

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the actuarial value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1]

[Address2]

[City, State Zip] 

Your benefit without the proposed reduction as of your federally-mandated “required beginning date” ([RBD]) in the form of a life 

annuity is $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form will be reduced to $[MPRAFinal] 

starting July 1, 2021.

1 2

Plan records indicate that you are in Group A33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a 32% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 32%. Additionally, the following federal limitations on individual reductions marked with an 

“X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

B You will be 80 years of age or older as of July 31, 2021 (if this box is checked, your 

monthly benefit would NOT change under the proposed reduction)

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of July 1, 2021. The preceding estimates assume 

that you have had no post-age 65 benefit accruals and that your entire benefit is eligible for actuarial adjustment for late retirement 

If your final calculation shows that you had post-age 65 accruals, your benefit might be different. 

When you apply for retirement, benefits will be paid retroactively to your federally-mandated “required beginning date” of [RBD].

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the actuarial value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name] 

[Address1]

[Address2]

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1 2

Plan records indicate that you are in Group A13

 and therefore your entire monthly benefit was earned prior to May 1, 2007 and is 

subject to a 32% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the 

amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the actuarial value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name] 

[Address1]

[Address2]

[City, State Zip] 

If you had started receiving your benefit without the proposed reduction on May 1, 2020 in the form of a life annuity, your monthly 

payment would have been $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced 

to $[MPRAFinal] starting July 1, 2021.

1 2

Plan records indicate that you are in Group A13 and therefore your entire monthly benefit was earned prior to May 1, 2007 and is 

subject to a 32% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the 

amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 21. 

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of July 1, 2021. The preceding estimates assume 

that you have had no post-age 65 benefit accruals and that your entire benefit is eligible for actuarial adjustment for late retirement 

If your final calculation shows that you had post-age 65 accruals, your benefit might be different. 

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the actuarial value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000161 CPTF - 
T07 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name] 

[Address1]

[Address2]

[City, State Zip] 

Your benefit without the proposed reduction as of your federally-mandated “required beginning date” ([RBD]) in the form of a life 

annuity is $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form will be reduced to $[MPRAFinal] 

starting July 1, 2021.

1 2

Plan records indicate that you are in Group A13 and therefore your entire monthly benefit was earned prior to May 1, 2007 and is 

subject to a 32% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the 

amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

B You will be 80 years of age or older as of July 31, 2021 (if this box is checked, your 

monthly benefit would NOT change under the proposed reduction)

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of July 1, 2021. The preceding estimates assume 

that you have had no post-age 65 benefit accruals and that your entire benefit is eligible for actuarial adjustment for late retirement 

If your final calculation shows that you had post-age 65 accruals, your benefit might be different. 

When you apply for retirement, benefits will be paid retroactively to your federally-mandated “required beginning date” of [RBD].

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the actuarial value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000162 CPTF - 
T08

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal].1

 The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Your monthly benefit would NOT change under the proposed reduction. 

Your monthly benefit will NOT be reduced for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

C You are in Group A2 or D2 (post 5/1/2007 accruals only)2

G Your benefit is deemed entirely attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like when you begin receiving payments and the form of payment you elect. 

For more information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000163 CPTF - 
T09

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal].1

 The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Plan records indicate that you are in Group A3 or D32

. Therefore, the portion of the monthly benefit assigned to you that was earned 

prior to May 1, 2007 is subject to a 32% reduction. Since you have been assigned benefits that were earned on and after May 1, 2007 

that are not subject to reduction, your overall reduction percentage will be less than 32%. Additionally, the following federal 

limitations on individual reductions marked with an “X” (if any), further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

G Part of your benefit is deemed attributable to disability

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• The portion of your assigned monthly benefit earned prior to May 1, 2007 is $[Pre07MAB].

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like when you begin receiving payments and the form of payment you elect. 

For more information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000164 CPTF - 
T10

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal].1

 The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Plan records indicate that you are in Group A1 or D12

. Therefore, the entire monthly benefit assigned to you was earned prior to May 

1, 2007 and is subject to a 32% reduction. However, the following federal limitations on individual reductions marked with an “X” (if 

any), limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

G Part of your benefit is deemed attributable to disability

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like when you begin receiving payments and the form of payment you elect. 

For more information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000165 CPTF - 
T11

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit would be $[MPRAFinal].1

 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

C You are in Group A2 (post 5/1/2007 accruals only)2

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like when you begin receiving payments and the form of payment you elect. 

For more information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000166 CPTF - 
T12

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1

 Note 

that if you commence benefits after the deceased Participant’s earliest retirement date, benefits will be paid retroactive to such date.

Plan records indicate that you are in Group A12

. Therefore, your entire monthly benefit was earned prior to May 1, 2007 and is subject 

to a 32% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the amount 

of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like when you begin receiving payments and the form of payment you elect. 

For more information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000167 CPTF - 
T13

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1

 Note 

that if you commence benefits after the deceased Participant’s earliest retirement date, benefits will be paid retroactive to such date.

Plan records indicate that you are in Group A32

. Therefore, the portion of your monthly benefit earned prior to May 1, 2007 is subject 

to a 32% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall reduction 

percentage will be less than 32%. Additionally, the following federal limitations on individual reductions marked with an “X” (if any), 

further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These numbers are just estimates. The actual amount you receive will depend on things like when you begin receiving payments and the form of payment you elect. 

For more information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000168 CPTF - 
T14

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are a Beneficiary of a deceased Participant who is entitled to a lump sum death benefit. If the amount of 

your lump sum is less than or equal to $5,000, you should contact the Fund Office to make arrangements to receive payment. If the 

amount of your lump sum is greater than $5,000, the Plan is legally prohibited from making payment to you because it has been 

classified in “critical” or “critical and declining” status ever since your benefit was payable. At such time as the Plan emerges from 

“critical” status, your lump sum benefit will be paid (although this is projected to take decades to occur).

The amount of the lump sum death benefit you are owed is $[LSDB]. 

The amount of your benefit would NOT change under the proposed reduction. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your benefit could be reduced or forfeited because it is not eligible for PBGC 

protection.

CPTF000169 CPTF - 
T15

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm]. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2021

C You are in Group B2, C2 or D2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000170 CPTF - 
T16

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm].

Your monthly benefit would NOT change under the proposed reduction. However, if your benefit is deemed entirely attributable to 

disability and you predecease your spouse, your surviving spouse’s benefit may be reduced. See Table of Benefits below.

Your monthly benefit will NOT be reduced for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2021

C You are in Group B2, C2 or D2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefit and your surviving spouse’s benefit under the Plan. It is not 

a final benefit calculation. The surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the 

event that you die first. This estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit 

reduction starts later, the effect of the proposed reduction on your benefit might be different.

Your Benefit Surviving Spouse Benefit

• Benefit currently in pay status $[PreSuspBen] /mo. $[PreSuspBenSS] /mo.

• Benefit after proposed reduction (starting 7/1/2021) $[MPRAFinal] /mo. $[MPRAFinalSS] /mo.

• Benefit guaranteed by the PBGC $[PBGCBen] /mo. $[PBGCBenSS] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit and your surviving spouse’s benefit would be no larger 

than the amount guaranteed by PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table 

above. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefits could be significantly 

less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000171 CPTF - 
T17

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm]. Under the proposed reduction your 

monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2021. 

Plan records indicate that you are in Group B1, C1, or D11 and therefore your entire monthly benefit was earned prior to May 1, 2007 

and is subject to a 32% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit. 

CPTF000172 CPTF - 
T18

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm].

Plan records indicate that you are in Group B1, C1, or D11 and therefore your entire monthly benefit was earned prior to May 1, 2007 

and is subject to a 32% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

Note that, if you should predecease your spouse, your surviving spouse’s benefit may be reduced by a different percentage than your 

benefit. See Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefit and your surviving spouse’s benefit under the Plan. It is not 

a final benefit calculation. The surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the 

event that you die first. This estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit 

reduction starts later, the effect of the proposed reduction on your benefit might be different.

Your Benefit Surviving Spouse Benefit

• Benefit currently in pay status $[PreSuspBen] /mo. $[PreSuspBenSS] /mo.

• Benefit after proposed reduction (starting 7/1/2021) $[MPRAFinal] /mo. $[MPRAFinalSS] /mo.

• Benefit guaranteed by the PBGC $[PBGCBen] /mo. $[PBGCBenSS] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit and your surviving spouse’s benefit would be no larger 

than the amount guaranteed by PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table 

above. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefits could be significantly 

less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF000173 CPTF - 
T19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm]. Under the proposed reduction your 

monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2021. 

Plan records indicate that you are in Group B3, C3, or D31 and therefore the portion of your monthly benefit earned prior to May 1, 

2007 is subject to a 32% reduction2

. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your 

overall reduction percentage will be less than 32%. Additionally, the following federal limitations on individual reductions marked 

with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF000174 CPTF - 
T20

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm].

Plan records indicate that you are in Group B3, C3, or D31 and therefore the portion of your monthly benefit earned prior to May 1, 

2007 is subject to a 32% reduction2

. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your 

overall reduction percentage will be less than 32%. Additionally, the following federal limitations on individual reductions marked 

with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

Note that, if you should predecease your spouse, your surviving spouse’s benefit may be reduced by a different percentage than your 

benefit. See Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefit and your surviving spouse’s benefit under the Plan. It is not 

a final benefit calculation. The surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the 

event that you die first. This estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit 

reduction starts later, the effect of the proposed reduction on your benefit might be different.

Your Benefit Surviving Spouse Benefit

• Benefit currently in pay status $[PreSuspBen] /mo. $[PreSuspBenSS] /mo.

• Benefit after proposed reduction (starting 7/1/2021) $[MPRAFinal] /mo. $[MPRAFinalSS] /mo.

• Benefit guaranteed by the PBGC $[PBGCBen] /mo. $[PBGCBenSS] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit and your surviving spouse’s benefit would be no larger 

than the amount guaranteed by PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table 

above. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefits could be significantly 

less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF000175 CPTF - 
T21

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant and that you are currently receiving a monthly benefit in the 

amount of $[PreSuspBen].

Your monthly benefit would NOT change under the proposed reduction. 

Your monthly benefit will NOT be reduced for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2021

C You are in Group B2, C2 or D2 (post 5/1/2007 accruals only)1

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000176 CPTF - 
T22

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant and that you are currently receiving a monthly benefit in the 

amount of $[PreSuspBen]. Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 

2021. 

Plan records indicate that you are in Group B1, C1, or D11 and therefore your entire monthly benefit was earned prior to May 1, 2007 

and is subject to a 32% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 2 If your benefit (or the deceased Participant’s benefit) was reduced by 5% (or less) on August 1, 2013, the reduction will apply to the original benefit.

CPTF000177 CPTF - 
T23

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant and that you are currently receiving a monthly benefit in the 

amount of $[PreSuspBen]. Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 

2021. 

Plan records indicate that you are in Group B3, C3, or D31 and therefore the portion of your monthly benefit earned prior to May 1, 

2007 is subject to a 32% reduction2

. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your 

overall reduction percentage will be less than 32%. Additionally, the following federal limitation on individual reductions marked with 

an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 2 If your benefit (or the deceased Participant’s benefit) was reduced by 5% (or less) on August 1, 2013, the reduction will apply to the original benefit.

CPTF000178 CPTF - 
T24

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly disability benefit in the amount of $[PreSuspBen].

Disability benefits are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at age 62), the post-conversion benefit could be subject to reduction (but cannot be less than the smaller 

of the pre-conversion disability benefit or the unreduced post-conversion benefit). Assuming conversion on [DORED], your estimated 

monthly post-conversion benefit in the form of a life annuity is currently $[BenConv].1

 

Your monthly post-conversion benefit would NOT change under the proposed reduction for the following reason(s) marked with an 

“X” below: 

A Your monthly post-conversion benefit is less than the MPRA guaranteed amount

C You are in Group C2 or D2 (post 5/1/2007 accruals only)2

H Your estimated post-conversion benefit is less than your disability benefit

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinalConv]. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000179 CPTF - 
T25

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED] (hereinafter referred to as your “post-conversion benefit”). 

Your monthly pre- and post-conversion benefits would NOT change under the proposed reduction for the following reason(s) marked 

with an “X” below:

A Your monthly post-conversion benefit is less than the MPRA guaranteed amount

C You are in Group C2 (post 5/1/2007 accruals only)1

I Your reduced monthly pre- and post-conversion benefits cannot be less than 95% of your pre-August 1, 2013 

disability benefit

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000180 CPTF - 
T26

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED]. 

Plan records indicate that you are in Group C11 and therefore your entire benefit was earned prior to May 1, 2007 and is subject to a 

32% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the amount of 

your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

I Your reduced monthly post-conversion benefit cannot be less than 95% of your pre-August 1, 2013 disability benefit

Under the proposed reduction your monthly benefits would be reduced as shown in the Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefits under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefit Without 

Suspension

Your Benefit After Proposed 

Suspension (starting 

7/1/2021)

• Benefit payable prior to [DORED] $[PreSuspBen] /mo. $[MPRAFinal] /mo.

• Benefit starting [DORED] $[BenConv] /mo. $[MPRAFinalConv] /mo.

• Post-[DORED] benefit guaranteed by the PBGC $[PBGCConv] /mo. $[PBGCConv] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000181 CPTF - 
T27

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 1 of 2 

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DOC]. 

Plan records indicate that you are in Group C11 and therefore your entire post-conversion benefit was earned prior to May 1, 2007 

and is subject to a 32% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

M Your reduced monthly post-conversion benefit cannot be less than your pre-conversion benefit

Note that, if you should predecease your spouse, your surviving spouse’s post-conversion benefit may be reduced by a different 

percentage than your benefit. See Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefits under the Plan. It is not a final benefit calculation. The 

surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the event that you die first. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefits Surviving Spouse Benefits

Without Suspension

After Proposed 

Suspension 

(starting 

7/1/2021)

Without Suspension

After Proposed 

Suspension 

(starting 

7/1/2021)

• Benefit payable prior to 

[DORED]

$[PreSuspBen] /mo. $[MPRAFina

l]

/mo. $[PreSuspBenSS] /mo. $[MPRAFin

alSS]

/mo.

• Benefit starting [DORED] $[BenConv] /mo. $[MPRAFina

lConv]

/mo. $[BenConvSS] /mo. $[MPRAFin

alConvSS]

/mo.

• Post-[DORED] benefit 

guaranteed by the PBGC

$[PBGCConv] /mo. $[PBGCConv

]

/mo. $[PBGCConvSS] /mo. $[PBGCCo

nvSS]

/mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000182 CPTF - 
T27

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 2 of 2 

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

CPTF000183 CPTF - 
T28

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED]. 

Plan records indicate that you are in Group C31 and therefore the portion of your post-conversion benefit earned prior to May 1, 2007 

is subject to a 32% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 32%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

M Your reduced monthly post-conversion benefit cannot be less than your pre-conversion benefit

Under the proposed reduction your monthly benefits would be reduced as shown in the Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefits under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefit Without 

Suspension

Your Benefit After Proposed 

Suspension (starting 

7/1/2021)

• Benefit payable prior to [DORED] $[PreSuspBen] /mo. $[MPRAFinal] /mo.

• Benefit starting [DORED] $[BenConv] /mo. $[MPRAFinalConv] /mo.

• Post-[DORED] benefit guaranteed by the PBGC $[PBGCConv] /mo. $[PBGCConv] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000184 CPTF - 
T29

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 1 of 2 

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED]. 

Plan records indicate that you are in Group C31 and therefore the portion of your post-conversion benefit earned prior to May 1, 2007 

is subject to a 32% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 32%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

M Your reduced monthly post-conversion benefit cannot be less than your pre-conversion benefit

Note that, if you should predecease your spouse, your surviving spouse’s post-conversion benefit may be reduced by a different 

percentage than your benefit. See Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefits under the Plan. It is not a final benefit calculation. The 

surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the event that you die first. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefits Surviving Spouse Benefits

Without 

Suspension

After Proposed 

Suspension (starting 

7/1/2021)

Without Suspension

After Proposed Suspension 

(starting 7/1/2021) 

• Benefit payable prior to 

[DORED]

$[PreSuspBen] /mo. $[MPRAFinal] /mo. $[PreSuspBenSS] /mo. $[MPRAFinalSS] /mo.

• Benefit starting 

[DORED]

$[BenConv] /mo. $[MPRAFinalConv] /mo. $[BenConvSS] /mo. $[MPRAFinalConvSS] /mo.

• Post-[DORED] benefit 

guaranteed by the PBGC

$[PBGCConv] /mo. $[PBGCConv] /mo. $[PBGCConvSS] /mo. $[PBGCConvSS] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000185 CPTF - 
T29

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 2 of 2 

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

CPTF000186 CPTF - 
T30

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly disability benefit in the amount of $[PreSuspBen]. 

Disability benefits are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at age 62), the post-conversion benefit could be subject to reduction (but cannot be lessthan the smaller 

of the pre-conversion disability benefit or the unreduced post-conversion benefit). Assuming conversion on [DORED], your estimated 

monthly post-conversion benefit in the form of a life annuity is currently $[BenConv]. Under the proposed reduction your monthly

post-conversion benefit in the same form would be reduced to $[MPRAFinalConv] starting July 1, 2021 (or upon actual conversion if 

later).

1

Plan records indicate that you are in Group C1 or D12 and therefore your entire monthly post-conversion benefit was earned prior to 

May 1, 2007 and will be subject to a 32% reduction. However, the following federal limitations on individual reductions marked with 

an “X” (if any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

N Your reduced monthly post-conversion benefit cannot be less than your disability benefit

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGConv]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinalConv]. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000187 CPTF - 
T31

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly disability benefit in the amount of $[PreSuspBen]. 

Disability benefits are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at age 62), the post-conversion benefit could be subject to reduction (but cannot be lessthan the smaller 

of the pre-conversion disability benefit or the unreduced post-conversion benefit). Assuming conversion on [DORED], your estimated 

monthly post-conversion benefit in the form of a life annuity is currently $[BenConv]. Under the proposed reduction your monthly

post-conversion benefit in the same form would be reduced to $[MPRAFinalConv] starting July 1, 2021 (or upon actual conversion if 

later).

1

Plan records indicate that you are in Group C3 or D32 and therefore the portion of your monthly post-conversion benefit earned prior 

to May 1, 2007 will be subject to a 32% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to 

reduction, your overall reduction percentage will be less than 32%. However, the following federal limitations on individual reductions 

marked with an “X” (if any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

N Your reduced monthly post-conversion benefit cannot be less than your disability benefit

The proposed reduction is permanent. 

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinalConv]. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000188 CPTF - 
T32

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a separate 

interest Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2021

C You are in Group B2, C2 or D2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000189 CPTF - 
T33

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a separate 

interest Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2021. 

Plan records indicate that you are in Group B1, C1, or D11 and therefore your entire assigned monthly benefit was earned prior to May 

1, 2007 and is subject to a 32% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if 

any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit. 

CPTF000190 CPTF - 
T34

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a separate 

interest Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2021. 

Plan records indicate that you are in Group B3, C3, or D31 and therefore the portion of your assigned monthly benefit that was earned 

prior to May 1, 2007 is subject to a 32% reduction2

. Since part of your assigned benefit was earned on and after May 1, 2007 and is 

therefore not subject to reduction, your overall reduction percentage will be less than 32%. Additionally, the following federal 

limitations on individual reductions marked with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF000191 CPTF - 
T35

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a shared 

payment Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A The MPRA guaranteed amount limits the amount of reduction

B Your ex-spouse will be 80 years of age or older as of July 31, 2021

C You are in Group B2, C2 or D2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• Your ex-spouse will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF000192 CPTF - 
T36

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a shared 

payment Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit while your exspouse is alive. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2021. Note that, if you are 

receiving a joint and survivor annuity with your ex-spouse, the amount you receive following your ex-spouse’s death will also be 

affected.

Plan records indicate that you are in Group B1, C1, or D11 and therefore your entire assigned monthly benefit was earned prior to May 

1, 2007 and is subject to a 32% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if 

any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E Your ex-spouse will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• Your ex-spouse will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by 

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit. 

CPTF000193 CPTF - 
T37

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

This estimate of the effect of the proposed reduction of benefits has been prepared for: 

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a shared 

payment Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit while your exspouse is alive. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2021. Note that, if you are 

receiving a joint and survivor annuity with your ex-spouse, the amount you receive following your ex-spouse’s death will also be 

affected.

Plan records indicate that you are in Group B3, C3, or D31 and therefore the portion of your assigned monthly benefit that was earned 

prior to May 1, 2007 is subject to a 32% reduction2

. Since part of your assigned benefit was earned on and after May 1, 2007 and is 

therefore not subject to reduction, your overall reduction percentage will be less than 32%. Additionally, the following federal 

limitations on individual reductions marked with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E Your ex-spouse will be between the ages of 75 and 79 as of July 31, 2021

G Part of your benefit is deemed attributable to disability

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit calculation. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2021. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2020: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• Your ex-spouse will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2021. 

• Monthly benefit deemed attributable to disability: $[DisPay]. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger than the amount guaranteed by

PBGC. The amount of your monthly benefit guaranteed by PBGC is estimated to be $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF000194 CPTF - 
CONTR CONTRACTOR NAME ADDRESS 1

000156 A & E CONTRACTING, INC. P.O. BOX 676

000345 ANM CONSTRUCTION CO., INC. 55331 LYON INDUSTRIAL DR.

000400 A.P.I., INC. 1100 OLD HWY 8 NW

000524 ACOUSTECH CEILING INC. 6000 E. EXECUTIVE DR.

00080A AP COM POWER, INC C/O ALSTOM POWER

00113G AIRCO INDUSTRIAL CONTRACTORS 4919 OLD LOUISVILLE RD

002406 ALBERICI CONSTRUCTION CO. J.S. 8800 PAGE AVE

003968 ALPINE CONTRACTORS, INC.

004400 AMALIO CORPORATION 6655 COTTER

004955 AMERICAN FURNITURE GROUP 824 FOREST AVE

00535A ADAMO

006653 ANDRUS ACOUSTICAL, INC. 17060 11 MILE RD.

006655 ANLAAN CORPORATION 16750 LINCOLN STREET

006800 ARBOR CONSTRUCTION PERSONNEL 3500 E. ELLSWORTH RD.

008081 ARCHITECTURAL INTERIOR INSTALL 127 S. MAIN STREET #9

008360 ARISTEO CONSTRUCTION CO. 12811 FARMINGTON ROAD

00851E ADVANTAGE INDUSTRIAL SYS LLC 9320 CORSAIR ROAD

009786 ATHLETICA INC 554 PARKSIDE DRIVE

01060A ALBERICI CONSTRUCTORS 8800 PAGE AVENUE

010800 AUCH COMPANY, GEORGE W. 735 S. PADDOCK

011250 AUTHORITY GROUP CONCRETE, INC. 3129 OLD FARM LANE

011450 B & B CONCRETE PLACEMENT, INC. 6685 BRANDT

012050 THE ALBERT M. HIGLEY CO, LLC 3636 EUCLID AVENUE

012150 BMI REFRACTORY SERVICES 27 NOBLESTOWN ROAD

012240 B.R.D. INC. 8000 PARK PLACE

015900 BARTON MALOW COMPANY 26500 AMERICAN DRIVE

016100 BASELINE CONSTRUCTORS INC. 20096 BROWN DRIVE

019126 BENESYS, H&W PENSION ANNUITY 700 TOWER DRIVE

019657 BERG DRYWALL 118 PEAVEY CIRCLE

02190B ARISTEO INSTALLATION 12811 FARMINGTON ROAD

023750 BLACKETT BUILDER. LARRY 714 HAWTHORN AVE.

025525 A.A. BOOS & SONS, INC. 2015 PICKLE RD.

02630A ATLANTIC PLANT MAINT., INC. 3225 PASADENA BLVD.

02680A ATLAS INDUSTRIAL HOLDINGS, LLC 5275 SINCLAIR ROAD

027350 BRAND SAFWAY INDUSTRIES 525 28TH STREET

027355 PATENT, LLC 12701 BEECH DALY

02810A MORTENSON, M A

02830A AUTOMATIC SYSTEMS, INC. 924 CENTENNIAL WAY

028500 BRENCAL CONTRACTORS, INC. 26079 SCHOENHERR RD

028914 BRINKER TEAM CONSTRUCTION CO. 3633 MICHIGAN AVE STE 250

028915 BRIX CORPORATION 30591 SCHOOLCRAFT

029150 BROCK INDUSTRIAL SERVICES 2210 OAK LEAF STREET

1400 ACTIVE PENSION CONTRACTORS

Criteria: Contractors reporting after work date 7/31/18 where sum on CAF3AMT > 0

CPTF000195 CPTF-DV000154 CPTF - 
029400 D.Z. CONSTRUCTION COMPANY, INC P.O. BOX 857

029500 A.Z. SHMINA, INC. 11711 GRAND RIVER RD.

03040A SHOULDICE BROTHERS INC.

031075 BRUNSWICK BOWLING & BILLARDS FIELD PAYROLL DEPARTMENT

031300 BRUNT ASSOCIATES, INC. 47689 AVANTE DR

033400 CMF GROUP, INC. 1701 E. LINCOLN AVE.

033460 BUSSOLA & RALPH USA 200 ROUTE 17

036300 THE CADEIRA GROUP PO BOX 6159

03649D GEM INDUSTRIAL, INC

038100 MICHIGAN REGIONAL COUNCIL OF CARPENTERS

038400 CARPENTERS FRINGE BENEFIT FUNDS JOINT DELINQUENCY

03910A BARTON MALOW CO 26500 AMERICAN DRIVE

039654 CASEWORK CONSTRUCTION SERVICES 221 SOUTH SAINT CLAIR ST.

039655 CASE FOUNDATION COMPANY P.O. BOX 40

040532 CENTRAL CEILING & PARTITION 1502 W MAPLE

043240 CHRISTEN DETROIT 12830 MANSFIELD

043400 CHRISTMAN CONSTRUCTORS, INC. 324 E SOUTH STREET

043950 CITY RENOVATION & TRIM, INC. 2685 PALDAN

044750 CLAFTON & KEATING INC 24780 HATHAWAY

044775 CLARK CONSTRUCTION COMPANY 3535 MOORES RIVER DRIVE

046101 TCF CENTER 1 WASHINGTON BLVD

047000 COLASANTI CORPORATION 24500 WOOD COURT

048720 COMMERCIAL CONTRACTING CORP 4260 N. ATLANTIC BLVD

048725 COMMERCIAL CONTRACTORS, INC. 16745 COMSTOCK ST

048810 COMMERCIAL DIVING & MARINE SRV 1020 WADHAMS RD.

049132 CONQUEST CONST. COMPANY, INC. 33174 CAPITOL ST

049146 CONSTRUCTION LABOR SERVICES,IN 8709 NORTH 32ND STREET

049250 CONTRACTORS TRENCHING SERV.INC 995 LADD ROAD

050225 CONVENTION & SHOW SERVICES,INC 1250 JOHN A. PAPALAS DR.

05090A BOLDT COMPANY P.O. BOX 419

052650 COWHY-HAYES CONST., INC. 412 SUNSET DRIVE

053450 CRAWFORD PILE DRIVING 2226 HUNT CLUB DRIVE

053575 CREATIVE SOLUTIONS GROUP,INC. 1250 CROOKS ROAD

053955 CSI WORLDWIDE, LLC 40 REGENCY PLAZA

053965 CULVER DEVELOPMENT 5123 TURO DRIVE

055721 CZARNOWSKI DISPLAY SERV. INC. 2287 S. BLUE ISLAND AVE.

055756 DH CONSTRUCTION COMPANY P.O. BOX 703388

057950 DAMICO CONTRACTING, INC. 3966 11 MILE ROAD

058270 DANNA CARPENTER CONTRACTOR INC 38020 L'ANSE CREUSE

058300 DAN'S EXCAVATING, INC. 12955 23 MILE ROAD

058946 DDI, INC. 8986 DEXTER PINCKNEY RD.

058969 DAY & ZIMMERMANN, NPS 1827 FREEDOM RD, STE 101

060403 DEARBORN MID-WEST CONVEYOR 20334 SUPERIOR ROAD

061550 CLIMATE PROS INC. 55 NORTH BRANDON DRIVE

062085 DELTA CONTRACTING SERVICES INC 42838 MOUND RD.

062200 DELUCA COMPANY, INC.,OLIVER C. 700 E MAPLE RD FL 2ND

062353 DELVENTHAL CO., THE 3796 ROCKLAND CIRCLE

CPTF000196 CPTF-DV000155 CPTF - 
062500 DEMARIA BUILDING CO. INC. 45500 GRAND RIVER

062600 DENK & ROCHE BUILDERS 400 COUNTRY CLUB DR

062700 DENN-CO. CONSTRUCTION, INC. 6465 FRENCH ROAD

064110 DETROIT CARPENTRY JOINT APPR. & TRAIN COMMITTEE

064115 DETROIT DOOR & HARDWARE CO. 111 E. 12 MILE RD.

064120 DETROIT CORNICE & SLATE CO INC 1315 ACADEMY

064190 DETROIT COMMERCIAL CARPENTRY 52635 FLOWER CT

064910 DEXTERITY CONSTRUCTION CO. INC 10051 E. HIGHLAND RD.

064942 DEVON INDUSTRIAL GROUP 777 WOODWARD AVE STE 300

06676A C M F GROUP 1701 E. LINCOLN AVE

068775 DIVERSIFIED CONSTRUCTION SPECIALISTS, INC.

068840 DOBIE CONSTRUCTION

068849 DNS CONTRACTING, INC. 5834 PINCKNEY ROAD

06964A CARDINAL CONTRACTING CORP. 2300 S. TIBBS AVE

073175 DYNAMIC COMMER. CARPENTRY, INC 11910 FARMINGTON RD

073230 E.L.S. CONSTRUCTION, INC. 1520 S. LAPEER RD.

073233 E G & J, INC. 17073 182ND AVE N

073425 EAGLE EXCAVATION, INC. 4295 HOLIDAY DRIVE

074741 ELKHORN CONSTRUCTION CO. 6072 NORTH BIRCH HILL

075810 ELSNER & SONS INC 11370 GOLD ARBOR

07592F CENTRAL CONVEYOR ALSO SHOP 52800 PONTIAC TRAIL

07592H CENTRAL CONVEYOR ADMIN HEALTH ONLY

076875 ERICKSON & LINDSTROM CONSTR. 3040 AIRPARK DRIVE SOUTH

077545 ESSENTIAL INSTALLATION, INC. 39178 HAYES

077855 EEI GLOBAL 1400 S. LIVERNOIS RD.

077860 EWI WORLDWIDE 27777 INKSTER ROAD

078400 F & M POURED WALLS 2201 HAMLIN ROAD

079350 FARNELL CONTRACTING, INC 3355 LAHRING RD

079850 FASTDECKS, INC. P.O. BOX 577

081420 FESSLER & BOWMAN, INC. 4099 EAGLE'S NEST CT.

081550 FERRARO PILE & SHORING INC. 13590 GENESEE STREET

084100 SOLID PLATFORMS INC 6610 MELTON ROAD

084930 FOSTER FINISH CARPENTRY, INC. 19600 SHERWOOD ST.

086200 FREEMAN EXPOSITIONS, LLC PO BOX 660613

086811 FURNITURE ASSEMBLY, INC. PO BOX 422

086815 FURNITURE MANAGEMENT SERVICES 751 GRISWOLD STREET

087960 GANDOL, INC. 27455 GODDARD ROAD

09040A COMMERCIAL CONTRACTING CORP 4260 N ATLANTIC BLVD

092340 CONCRETE MOISTURE CONTROL INC 13101 ECKLES RD

093290 GI MILLWORKS, INC. 14970 CLEET STREET

093560 GLASROCK OAK MOUNTAIN IND. 14770 FIVE M CENTRE DR

094075 GOEBEL FIXTURE CO

095200 GRAND RIVER CONSTRUCTION, INC.

095300 GRANGER CONSTRUCTION COMPANY 6267 AURELIUS ROAD

096300 GRATTON CONSTRUCTION CO. INC. 1128 W. FRONT ST.

096309 GREAT LAKES CEILING & CARP. 3405 W. LIBERTY RD.

097344 GREAT LAKES EXHIBIT MGMT INC 42327 CARRIAGE COVE DRIVE

CPTF000197 CPTF-DV000156 CPTF - 
104500 HARDMAN CONSTRUCTION, INC. 242 S. BRYE

106740 HEIN CONST. INC., LEO J. 7648 SPARLING RD.

106770 HENKELS & MCCOY, INC. 985 JOLLY ROAD

106800 D S I ACOUSTICAL COMPANY 1301 E MILLER RD

111200 HOLLY CONSTRUCTION COMPANY 19000 MEGINNITY AVENUE

11137F DAY & ZIMMERMANN NPS 1827 FREEDOM RD STE 101

11171A DEARBORN MID-WEST CONVEYOR CO. 20334 SUPERIOR RD

113275 HUDSON INTERIORS INC 53363 VAN DYKE AVE.

114250 C.A. HULL CO. INC 8177 GOLDIE RD.

114650 HURON ACOUSTIC TILE CO, INC. 43590 ELIZABETH

114890 HUSSMANN CORPORATION 3123 WILSON DRIVE

116770 IDEAL CONTRACTING L.L.C. 2525 CLARK ST.

117255 NTH DEGREE, INC. 3237 SATELLITE BOULEVARD

117286 INTEGRITY INTERIORS, INC. 622 E. CESAR E. CHAVEZ AV

117287 INTEGRATED INSTALLATIONS, LLC 21221 HOOVER ROAD

117435 INTERIOR OFFICE INSTALLATIONS 28004 CENTER OAKS CT

117500 INTERIOR INSTALL SERV. LLC PO BOX 10236

117563 ISEC INCORPORATED 6000 GREENWOOD PLAZA BLVD

118200 J.J. BARNEY CONSTRUCTION, INC. 2397 DEVONDALE

118356 RETAIL FINISHES BY SHAWN 3430 S IRISH RD

118430 J.L. ENTERPRISES INC. 2590 NORTH TERRITORIAL RD

119775 JASMAN CONSTRUCTION, INC. 45800 MAST ST

121100 GEORGE P. JOHNSON, CO. 3600 GIDDINGS RD.

121300 CBRE 2100 ROSS AVENUE

12310A DRESSER-RAND 1200 W SAM HOUSTON PKW N

123125 KVM DOOR SYSTEMS INC. 24387 SORRENTO COURT

123250 KALAKAY CONSTRUCTION 9100 MCKINLEY RD

123600 KAPPA & WESTLAKE BLD & CONCRET 9805 CRANBROOK COURT

12389A DUKE & DUKE SERVICES, INC. 25566 PENNSYLVANIA ROAD

12389F DUKE & DUKE SERVICES, INC. SHOP AGREEMENT

12401F DULUTH SERVICES, INC. 7301 PARKWAY DR.

12410A DUNBAR MECHANICAL INC 2806 N REYNOLDS ROAD

124770 KAYWAZEE INSTALLATION, INC. 47689 AVANTE DRIVE

12550A DURR SYSTEMS INC. 26801 NORTHWESTERN HWY

126245 KIEWIT POWER CONSTRUCTORS 12720 I STREET

126750 KIRK ERECTORS INC. 150 CAPITOL DR

128950 BOB KOPPEL, INC. 1530 11TH AVE.

129200 KORNEFFEL COMPANY, E.C. 2691 VETERANS PARKWAY

129350 KOSORSKI & COMPANY, WALLY 33500 KELLY RD.

129359 KNEISEL CONSTRUCTION, TODD

130200 KRULL CONSTRUCTION CO. INC. 859 SOUTH WAGNER RD.

130310 KULBACKI, INC 35480 FORTON CT

131100 KWCC, INC 123 S US HIGHWAY 12 #13

131411 3.L.K CONSTRUCTION LLC 1401 HOWARD ST

13155A ENERFAB 4955 SPRING GROVE AVE

131587 LAKESIDE INTERIOR CONTR. INC. 26970 ECKEL ROAD

131590 LAKESHORE GLOBAL CORP. 7310 WOODWARD AVENUE

CPTF000198 CPTF-DV000157 CPTF - 
131900 LANAVILLE FOUNDATIONS, INC. 2040 INDUSTRIAL DRIVE

131950 LANCASTER MANAGMENT SERVICES 3745 E 150 SOUTH

133071 LANDRY, INC., GEORGE I. 777 CONCRETE DR BLDG C

133275 LASALLE GROUP, INC., THE 30375 NORTHWESTERN HWY

135900 R.E. LEGGETTE, CO. 9335 ST. STEPHENS ST.

13685A FATA AUTOMATION, INC 2333 E WALTON BLVD

138080 LEWIS CONSTRUCTION INC 9307 CAMP PHILLIPS RD

142282 M.C.C.A. PO BOX 1321

142360 M.D.G. ENTERPRISES, INC 5970 RATTLE RUN ROAD

14500A FM SYLVAN INC

147800 FOULKE CONSTRUCTION CO 149 LEWIS ST

150500 MEDINA RESOURCE GROUP, LLC 734 EAST CHURCH STREET

151000 MEGA VISION BOARDS INC 15655 PORTENZA DRIVE

152100 MCT SERVICES L.L.C 7401 W. 129TH ST.

153900 MARTIN CONSTRUCTION CO., F.H. 28740 MOUND RD.

155907 MASTERCRAFT CARPET SERVICE 15001 FOGG ST

155921 MATRIX CONSTRUCTION SERVICES 701 TECHNOLOGY DR.

15997A GLASROCK PRODUCTS INC

162000 GILBERT EXPOSITION MANAGEMENT SERVICES

162300 MCINTOSH, INC., GEORGE 3040 HILTON RD.

162350 MCKINNEY DRILLING COMPANY 7550 TEAGUE ROAD

165386 DONALD E. MCNABB COMPANY 31250 S. MILFORD RD.

17334A HAMILTON CONTRACTING 30375 NORTHWESTERN HWY

176725 MID-AMERICAN GUNITE, INC. 8475 PORT SUNLIGHT RD.

178150 MIDWEST INSTALLATION, INC. 42705 GRAND RIVER AVE.

178185 MIDWEST MEDICAL SERVICE, INC. 641 WEST MAIN STREET

17885A HAYES MECHANICAL 5959 SOUTH HARLEM

18210A HENKELS & MCCOY, INC. 985 JOLLY ROAD

186740 MOMENTUM MANAGEMENT, INC. 12390B ARNOLD MILL RD

187975 MORETTI FOUNDATION CO INC 23933 ALLEN ROAD

190000 MOSSER CONSTRUCTION, INC. 122 SOUTH WILSON AVE.

190675 MOTOR CITY OFFICE INSTALLATION 45302 MANOR DRIVE

190747 MSD CONTRACTORS, LLC C/O ORBIS HOLDINGS GROUP

192800 C. MUSSON CONSTRUCTION INC. 14493 S. TELEGRAPH ROAD

193548 NASHVILLE CONSTRUCTION COMPANY 11205 LAWRENCE HWY

195266 NATIONAL CONVENTION SERVICES 145 WEST 30TH STREET

197000 INSTALLATION SPECIALISTS 1310 HAMILTON PARKWAY

198300 NELSON MILL COMPANY 23690 TELEGRAPH RD.

19990A INTERN'L. IND CONTR CORP. 35900 MOUND ROAD

201669 NORTH CHANNEL CONST. CO. P.O. BOX 28061

201840 NORTHERN INDUSTRIAL CONST. INC 2316 PLEASANT VALLEY RD

202475 NORTHWEST ACOUSTICAL, INC. 12675 ARNOLD

207731 O'NEAL CONSTRUCTION, INC. 525 WEST WILLIAM

209306 OSBORNE CONST. CONTR INC, DAVE 15600 28TH AVENUE NORTH

213120 PCI CONSTRUCTION SERVICES LLC 1674 CHAMPAGNE DR NORTH

213333 PWB CONSTRUCTION, INC. 392 OLIVER DRIVE

214100 PCP-TB, LLC JOINT VENTURE 5075 CARPENTER RD

CPTF000199 CPTF-DV000158 CPTF - 
21747A AECOM ENERGY & CONSTRUCTION

217550 PALMER INSTALLATION SERVICES 24660 DEQUINDRE

22797F LAKESHORE GLOBAL CORPORATION 7310 WOODWARD

234302 PHOENIX CONTRACTORS, INC. 2111 GOLFSIDE

23475A LEE MACHINERY MOVERS 675 CESAR E CHAVEZ AVE

23635A LESCO DESIGN & MFG. COMPANY 1120 FORT PICKENS ROAD

23691F LIBERTY FABRICATORS. INC. 2229 W.HILL-SHOPAGREM.

23790A LINCOLN MANUFACTURING INC

241800 POURED BRICK WALLS INC 8001 PARK PLACE

242360 PRATER COMMERCIAL CARPENTRY 1145 GRISWOLD STREET

242455 PRECISION COOLING TOWERS, INC. 1365 COMMONWELTH DR.

242468 PRECISION FURNISHINGS, LLC 2699 GUOIN ST.

242477 PRECISION INTERIORS, LLC 2175 S BLISSFIELD HWY

243853 PRO TRENCHING, INC. 383 NORTH HUGHES

24440A ETHOSENERGY FIELD SERVICES FKA WOOD GROUP FIELD SVC

245305 PULLMAN SST 6501 EAST COMMERCE AVE

245945 PUSHMAN CONSTRUCTION SERV. LLC 13935 HIBNER RD

247642 RMK CONCRETE FOUNDATIONS 10755 BETTERLY RD.

248248 DS INSTALLATION GROUP 888 BIG BEAVER RD.

248640 RAND ENVIRONMENTAL SERVICES 35555 GENRON CT

252100 RAYNOR OVERHEAD DOOR CORP. 11615 INKSTER RD.

253651 RBE, INC. 4822 JOSLYN ROAD

253655 AECOM ENERGY & CONSTRUCTION ATTN: AECOM EIC PAYROLL

255910 REGIONAL TRADE SERVICES 2158 CEDAR RD

256105 REGIS CONSTRUCTION LLC 2366 BURDEN ROAD

256275 REICHENBACH CEILING & PARTITIO 2855 JOLLY RD

258285 RENAISSANCE MANAGEMENT, INC 2300 WEST PARK PLACE

26662F MICHIGAN REGIONAL CNCL CARPENT 400 RENAISSANCE CENTER

269200 ROHRSCHEIB SONS CAISSONS, INC. 56085 GRAND RIVER

269625 RONCELLI, INC. 6471 METRO PARKWAY

27040A MID-AMERICAN GUNITE, INC. 8475 PORT SUNLIGHT ROAD

273500 ROYAL OAK MILLWORK 226 E. HUDSON AVE.

273520 ROYAL ROOFING COMPANY INC. 2445 BROWN ROAD

273900 RUDOLPH/LIBBE, INC 6494 LATCHA RD.

27395A MIDWEST STEEL, INC 2525 E. GRAND BLVD.

275000 RUSSELL PLASTERING COM 503 LIVERNOIS

27610A MILLWRIGHTS LOCAL UNION 1102 23401 MOUND ROAD

27612F MILLWRIGHTS APPRENTICE SCHOOL 27555 MOUND ROAD

276525 S & N DRYWALL, INC. 10070 PUTTYGUT RD

278800 SAFWAY SERVICES, LLC 22189 E 14 MILE RD

278890 SANCHES CONSTRUCTION CO. 3508 WOOD ST.

281850 SCAFFOLD DESIGN & ERECTION 6860 WALES ROAD

282800 SCAFFOLDING, INC. 135 EAST MCNICHOLS

287350 SCHWEIHOFER CONSTRUCTION, JIM 1293 SOUTH RANGE RD.

289570 SECURE DOOR, LLC 75 LAFAYETTE ST.

292355 NIEMI CORPORATION 2820 E MICHIGAN AVE

292500 SAMAP USA CORP 165 AMBOY RD SUITE

CPTF000200 CPTF-DV000159 CPTF - 
292750 SHAFFER INCORPORATED 1098 COLT DR.

293160 SHEPARD EXPO. SERV. INC 1424 HILLS PLACE N.W.

298000 SIMONE CONTRACTING CORP. 6816 19 1/2 MILE ROAD

298200 ON LOCATION, INC 520 FELLOWSHIP ROAD

298960 SIWEK CONSTRUCTION COMPANY 5020 PILGRAM RD.

30170A OVERHEAD CONVEYOR COMPANY 1330 HILTON ROAD

301810 SMOKE & FIRE PREVENTION SYSTEM 110 NORTH STREET

304245 SOBANIA, INC. 615 GRISWOLD ST STE 1102

305650 SORENSEN GROSS CONSTR. CO. 801 S SAGINAW ST

306600 SPENCE BROTHERS 203 S. WASHINGTON AVE

307075 SPIEKER COMPANY, THE 8350 FREMONT PIKE

309400 SSSI, INC. 2755 A PARK AVE

310700 STARKY'S CONSTRUCTION, INC. PO BOX 127

310905 STATEWIDE INSTALLATIONS, INC. 5265 WHITE PINES DR.

316700 STRUCTURAL IMAGES P.O. BOX 751

317150 STRUT TECH SYSTEMS, LLC 8405 ANDERSONVILLE ROAD

31960F POWER TECHNIQUES, INC 707 RAILROAD STREET

32283A PRO SERVICES, INC. 8132 MERCHANT PLACE

323985 TAYLOR BROTHERS CONSTRUCTION 4555 MIDDLE ROAD

329750 THOMPSON-PHELAN, INC. 9834 DIXIE HWY.

331700 TIMMER CONSTRUCTION CO 30670 W.EIGHT MILE

333050 TOEBE CONSTRUCTION LLC 28990 SOUTH WIXOM ROAD

333065 TOLEDO CAISSON CORPORATION 6275 CONSEAR RD.

333895 TOOLES CONTRACTING GROUP 535 GRISWOLD STREET

334025 TOTAL FOUNDATIONS LLC. P.O. BOX 759

335460 TRAVCO INTERIORS, LLC 65 CADILLAC SQ

335666 TREND CARPENTRY, INC. 1300 PAPALAS DRIVE

336026 TRI-CROSSING INSTALL. SERV. 29988A ANTHONY DRIVE

336100 TRI-K CONSTRUCTION, INC. 8616 LAKE MICHIGAN

341070 TURNER CONSTRUCTION COMPANY 250 WEST COURT ST

342700 TURNER-BROOKS INC 28811 JOHN R

343319 UNION PAYROLL AGENCY, INC. 5430 PARK DRIVE

343350 UBC NATIONAL JOB CORPS 6801 PLACID STREET

345490 URBAN'S PARTITION & REMODEL 19430 GERALD

347350 VANSTON/O'BRIEN, INC. 8150 JACKSON ROAD

350700 GARDINER C. VOSE, INC.

350820 W & G, LLC P.O.BOX 970198

350970 WAGNER COMPANY, E.S. 840 PATCHEN ROAD

351300 WALBRIDGE ALDINGER COMPANY 777 WOODWARD AVE STE 300

351350 WALBRIDGE EQUIP. INSTALLATION 777 WOODWARD AVE STE 300

352125 WALSH CONSTRUCTION OF IL 929 W. ADAMS ST.

352333 WALSH/TOEBE JOINT VENTURE 929 W ADAMS ST

353500 WAYNE STATE UNIVERSITY 5700 CASS AVE.

354487 WEISS CONSTRUCTION COMPANY 400 RENAISSANCE CENTER

354700 WENGER CORPORATION 555 PARK DRIVE

355384 WEST METRO DOOR & WINDOW, INC. 25739 VAN BORN RD.

355450 RAM CONSTRUCTION SERVICES 13800 ECKLES ROAD

CPTF000201 CPTF-DV000160 CPTF - 
358970 WILLSON BUILDERS, INC. 5966 HERITAGE COURT

35898F SHOULDICE BROTHERS INC. 182 ELM STREET

35903F SIEMENS PWR GNRTN SRVC CO UNIVERSITY CORP CNTR ONE

361800 WOODS CONSTRUCTION INC. 6396 PRODUCT DRIVE

364565 Z CONTRACTORS, INC. 50500 DESIGN LANE

36470A W SOULE & COMPANY P.O. BOX 2169

36810B GIFFIN INC

36972B ST. COTTER TURBINE SERVICES 2167 196TH ST. EAST

37252F THE STATE GROUP IND.(USA)LIMIT 13800 NORTH HIGHWAY 57

37391A STEVENS ENG & CONSTRUCTORS 7850 FREEWAY CIRCLE

38065A SYSTEMS ENTERPRISE CORP.(SECO) 204 INDUSTRIAL

40144F UNIVERSAL PLANT SERVICES, INC. 806 SEACO CT

403700 VALLEY INTERIOR SYSTEMS, INC. 2203 FOWLER STREET

40922A WALBRIDGE EQUIPMENT INSTALLATI 777 WOODWARD AVE

40923A WALBRIDGE TOOLING SERVICES 777 WOODWARD AVE

41360A WEBB, JERVIS B. 30100 CABOT DR

41994F WHITE CONSTRUCTION INC PO BOX 249

44444E LOCKBOX ADJUSTMENT

47332J INDUSTRIAL POWER SYSTEMS INC 35900 MOUND RD

550000 T-I CENTENNIAL STATE CARP P.O. BOX 997

550010 T-I SW OHIO CARPENTER H&W, PENS & ANN

550015 T-I CHICAGO DISTRICT COUNCIL OF CARPENTERS PENSION

550016 T-I NEW ENGLAND CARPENTERS H&W, PEN & ANNUITY FUND

550018 T-I ILLINOIS CARPENTERS H&W, PEN AND ANNUITY

550028 T-I KANSAS CITY CARP PENSION

550037 T-I A.F. OF L.-A.G.C. BUILDING TRADES PENSION FUND

550047 T-I ST LOUIS CARPENTERS H&W AND PENSION FUND

550078 T-I LOUISIANA CARP PENSION 10054 I-10 SERVICE RD E

550079 T-I FLORIDA CARPENTERS ANNUITY TRUST FUND

550081 T-I GREATER PENNSYLVANIA 650 RIDGE ROAD

550087 T-I TWIN CITY CARP & JOINERS H&W, PENSION AND ANNUITY

550089 T-I HOUSTON CARP & M/W PEN P.O. BOX 722038

550099 T-I NORTH CENTRAL RET. PLAN 520 CENTRAL PKWY E. #311

550174 T-I WILL COUNTY LU 174 CARPENTERS

550179 T-I FLORIDA MILLWRIGHTS PILEDRIVERS & DRIVERS

550212 T-I SOUTHWEST CARP TRUST ANNUITY FUND

550222 T-I NORTHEAST CARPENTERS

550251 T-I WASHINGTON-IDAHO-MONTANA CARPENTERS PEN AND H&W

550264 T-I PHILADELPHIA CARPENTERS PENSION FUND

550265 T-I PHILADELPHIA CARP SAVINGS PLAN

550321 T-I NORTHERN CAROLINA CARPENTERS PENSION FUND

550626 T-I SOUTHWEST CARPENTERS TRUST 533 SO. FREMONT AVE

551029 T-I INDIANA CARPENTERS PENSION FUND

551118 T-I OH CARP HW/PENS P.O. BOX 1257

551246 T-I OREGON-WASHINGTON CARP H&W AND PENSION FUNDS

551402 T-I MID ATLANTIC PENSION FUND

551431 T-I MICH CARP PEN FUND 6525 CENTURION DR

CPTF000202 CPTF-DV000161 CPTF - 
551512 T-I TRI-STATE CARPENTERS & JOINERS H&W FUND

552205 T-I WESTERN WASHINGTON HEALTH PENSION & INDIVIDUAL DC

552235 T-I WESTERN PA LU 2235 PENSION 650 RIDGE ROAD

552236 T-I NORTHERN CALIFORNIA CARP PENSION FUND

552810 T-I NEW YORK D.C. PEN FUND

559922 T-I PENNSYLVANIA CARPENTERS 495 MANSFIELD AVE

559947 T-I LABOR MGMT CARPENTERS PENSION FUND

559987 T-I NORTH CENTRAL SUPPLEMENTAL RETIREMENT FUND

559999 T-I ILLINOIS CARP PENSION 28 N. FIRST ST. POB 791

58757I ATLANTIC PLANT MAINT., INC.

59186B TURBINE PRO'S, LLC 14510 NORTHDALE BLVD

600010 ALLWOOD BLDG. COMPONENTS 35377 32 MILE RD.

600210 ANDRUS ACOUSTICAL/STERLING MIL

600350 CHRYSLER & KOPPIN COMPANY 7000 INTERVALE

600400 D & D PLANNING DESIGN MILLWORK 8646 E. 9 MILE ROAD

600485 DOVETAILS, INC. 5600 WILLIAMS LAKE RD.

600550 FERRANTE MFG., CO. 6626 GRATIOT AVE.

600620 GI MILLWORKS, INC. 14970 CLEAT ST.

600850 INTERNATIONAL EXTRUSIONS ATTN: LORRAINE KOZLOWSKI

600930 NELSON MILL COMPANY 23690 TELEGRAPH RD.

600950 NORTHERN MILLWORK COMPANY 7201 E. MCNICHOLS RD.

600970 PONCRAFT DOOR COMPANY 2005 PONTIAC RD.

600980 ROYAL OAK MILLWORK CO. 226 E. HUDSON AVE.

600995 TREND MILLWORK INC. 1300 PAPALAS DRIVE

601050 UNITED MILL & CABINET CO. 8842 BUNTON RD.

601070 URBAN'S PARTITION & REMODELING P.O. BOX 5289

601150 WOODS CONSTRUCTION, INC. 6396 PRODUCT DRIVE

700041 DONALD E. MCNABB, CO. 31250 S. MILFORD RD

700071 TURNER-BROOKS, INC 28811 JOHN R

700091 MASTERCRAFT CARPET SERVICES 15001 FOGG

700101 GLENN'S TILE AND CARPET 5361 FENTON ROAD

700127 CONVENTIONAL CARPET INSTALL. 7155 19 MILE RD.

700146 ACTION FLOOR COVERING 13685 OTTERSON COURT

700219 IDEAL FLOOR COVERING, INC. P.O. BOX 81006

700231 FLOORING SERVICES, INC. 12815 WAYNE ROAD

700250 INTEGRITY INTERIORS INC 622 E. CESAR E. CHAVEZ AV

700252 CONTINENTAL INTERIORS, INC. 1210 MAPLE RD.

700275 CITY CARPET & FLOORING 3633 MICHIGAN AVE STE 250

700365 CAPITAL FLOORING 47904 ANNA COURT SUITE A

700406 PRECISION FURNISHINGS LLC 2699 GUOIN ST.

700479 TRI STATE INDUSTRIAL FLOORS 1302 S EXPRESSWAY DR

700520 WOODS CONSTRUCTION INC. 6396 PRODUCT DRIVE

700555 UNION FLOORING SYSTEMS 6285 JANET

700587 LAKESIDE INTERIOR CONTRACTORS 26970 ECKEL ROAD

700680 LEGACY COMMERCIAL FLOORING 3445 MILLENNIUM COURT

700811 CHENANGO SPORTS INC. 29 ARBUTUS ROAD

705343 SHOCK BROTHERS FLOOR COVERING 20320 CORNILLIE DR

CPTF000203 CPTF-DV000162 CPTF - 
800129 MULTI-LAKE ENTERPRISES, INC. P.O. BOX 97

800136 SAN MARINO CEMENT WALL 1955 BELLINGHAM

800140 STARKY'S CONSTRUCTION, INC. PO BOX 127

800146 AUGER BUILT, INC. 4816 JOSLYN ROAD

800153 DAMICO CONTRACTING, INC. 3966 11 MILE ROAD

800180 POURED BRICK WALLS INC KEVIN TOBEL

800184 TITANUS CEMENT WALL CO INC. 41115 JO DRIVE

800188 WICHER GROUP 12730 STARK RD.

800189 F & M POURED WALLS 2201 HAMLIN

800192 CONTRACTORS TRENCHING SERVICES 995 LADD RD.

800199 NOVI WALL, INC. 25250 SEELEY RD.

800204 PRO TRENCHING 383 N. HUGHES ROAD

800241 COWHY-HAYES CONSTRUCTION, INC 412 SUNSET

800244 ROCWALL COMPANY 47800 WEST ROAD

800250 CHARLES L. PUGH CO., INC. 24241 JOHN R.

800403 MANIC COMPANY, INC 22800 HALL ROAD

800518 FOREST DUNES MANAGEMENT C/O TROON GOLF

800525 COMET CONTRACTING C/O UAP P.O. BOX 1768

800700 DANNA CARPENTRY 38020 L'ANSE CREUSE

800913 ELITE POURED WALLS 7084 BIG SKY DRIVE

800928 MORETTI FOUNDATION CO INC. 23933 ALLEN ROAD

887055 G.O. SERVICES, LLC. 10 CHANNEL CENTER ST

93928H COMMERCIAL CONSTRUCTION INC. 7428 KENSINGTON RD

940050 GLOBAL SCAFFOLD CONSTRUCTION 720 WASHINGTON ST

95107G INDIANA/KENTUCKY REGIONAL

95109A OHIO CARPENTERS HEALTH FUND PO BOX 1257

96479G N B PROCESSING, INC.

99182H SOUTHWEST CARPENTERS TRUSTS

99655A INDIANA ST CNCL CARP PENSION PO BOX 969

99830A S.W OHIO R.C. OF CARPENTERS

99900A NO CENTRAL RC OF CARP BENEFITS PO BOX 4002

99931A NO CENTRAL RC OF CARP BENEFITS PO BOX 4002

99960C CARP FUNDS OF ST. LOUIS 1419 HAMPTON AVE

CPTF000204 CPTF-DV000163 CPTF - 
ADDRESS 2 CITY ST ZIP DB AMT

ST. CLAIR SHORES MI 48080-0676 60996.3

NEW HUDSON MI 48165 386350.1

NEW BRIGHTON MN 55112 5221.01

WESTLAND MI 48185 350015.99

200 GREAT POND DR WINDSOR CT 06095 45494.7

GARDEN CITY GA 31408 2443.02

ST. LOUIS MO 63114 34311.91

672

STERLING HEIGHTS MI 48314 851203.32

PLYMOUTH MI 48170 15215.68

13258.47

SUITE A-8 ROSEVILLE MI 48066 582991.95

GRAND HAVEN MI 49417 30081.38

ANN ARBOR MI 48108 2336420.96

PLYMOUTH MI 48170-6205 25493.6

LIVONIA MI 48150 2863593.05

FRANKFORT IL 60423 109607.11

WATERLOO ON N2L 5Z4 230.68

ST. LOUIS MO 63114-6106 145346.86

P.O. BOX 430719 PONTIAC MI 48341-3241 541274.41

WALLED LAKE MI 48390 8615

ROMULUS MI 48174 207984.12

CLEVELAND OH 44115 55662.58

CARNEGIE PA 15106 16356.37

BRIGHTON MI 48116 76233.22

SUITE 800 SOUTHFIELD MI 48034 2789120.97

CHELSEA MI 48118 36259.49

SUITE 300 TROY MI 48098-2808 14629.01

CHASKA MN 55318 68196.01

LIVONIA MI 48150 1006484.89

ROYAL OAK MI 48067 795.43

OREGON OH 43616 12949.42

PASADENA TX 77503 1381803.72

COLUMBUS OH 43229 304989.82

HUNTINGTON WV 25702 5273757.76

TAYLOR MI 48180 654.44

17115.37

SUITE 460 LANSING MI 48917 126364.68

WARREN MI 48089 226800.71

DETROIT MI 48216 2035582.55

LIVONIA MI 48075 194713.32

JOLIET IL 60436 1038624.72

CPTF000205 CPTF-DV000164 CPTF - 
NOVI MI 48376 398895.23

BRIGHTON MI 48116-9000 219032.6

564.29

1 N. FIELD COURT LAKE FOREST IL 60045 17766.47

WIXOM MI 48393 31286.25

MADISON HEIGHTS MI 48071 33034.04

TUXEDO PARK NY 10987 6236.88

GRAND RAPIDS MI 49516 71001.44

282357.95

400 RENAISSANCE CENTER DETROIT MI 48243 788292.49

COMMITTEE 39736

SOUTHFIELD MI 48034 1297179.94

TOLEDO OH 43602 2087.44

ROSELLE IL 60172 25864.36

WALLED LAKE MI 48390 198914.17

DETROIT MI 48227 31370.28

LANSING MI 48910 1159766.86

AUBURN HILLS MI 48326 433023.64

SUITE 200 FARMINGTON HILLS MI 48335 38254.56

LANSING MI 48911 862862.97

DETROIT MI 48226 2876.46

MACOMB TWP. MI 48042 697681.42

AUBURN HILLS MI 48326 3890906.87

GRAND HAVEN MI 49417 55377.52

KIMBALL MI 48074 248338.16

LIVONIA MI 48150 1042900.95

P.O. BOX 460 RICHLAND MI 49083 755.41

WALLED LAKE, MI 48390-3029 2.27374E-13

LINCOLN PARK MI 48146 874899.01

APPLETON WI 54912-0419 86889.9

CLINTON MI 49236 557058.7

BLOOMFIELD HILLS MI 48304 48455.77

CLAWSON MI 48017 960803.26

GLEN HILL PA 19342 13895.01

DRYDEN MI 48428 101328.78

CHICAGO IL 60608 1089077.9

PLYMOUTH MI 48170 614077.69

BERKLEY MI 48072 225448.8

HARRISON TOWNSHIP MI 48045 35470.63

UTICA MI 48315 601382.78

DEXTER MI 48169 31721.2

LANCASTER PA 17601 87362.02

TAYLOR MI 48180 159069.32

GLENDALE HEIGHTS MI 60139 30879.82

STERLING HGTS MI 48314 54643.21

BIRMINGHAM MI 48009-6359 6595

MILLBURY OH 43447 33904.53

CPTF000206 CPTF-DV000165 CPTF - 
NOVI MI 48374 691168.29

BENSENVILLE IL 60106 0.02

DETROIT MI 48213 2226471.88

1401 FARROW FERNDALE MI 48220 332929.65

MADISON HGTS. MI 48071 40907.01

FERNDALE MI 48220 22600.72

SHELBY TWP MI 48316 3460.56

SUITE 29-408 HOWELL MI 48843-6317 253486.68

DETROIT MI 48226 766917.83

MADISON HEIGHTS MI 48071 202538.45

2141 AUSTIN AVENUE ROCHESTER HILLS MI 48309 1360281.34

68929.02

HOWELL MI 48843 67629.37

INDIANAPOLIS IN 46241 43754.17

LIVONIA MI 48150 418924.33

STE. 104 LAKE ORION MI 48360 66921.6

BIG LAKE MN 55309 1947.41

FLINT MI 48507 106781.35

SMITH CREEK MI 48074 286168.96

PLYMOUTH MI 48170 7228.98

WIXOM N MI 48393 1345692.11

52800 PONTIAC TRAIL WIXOM MI 48393 53464.65

FLINT MI 48507 409441.74

CLINTON TOWNSHIP MI 48038 2156.37

ROCHESTER HILLS MI 48307-3362 768665.7

SUITE 200 FARMINGTON HILLS MI 48334 1762416.71

UTICA MI 48317 36307.44

LINDEN MI 48451 31795.82

1113 DECKER ROAD WALLED LAKE MI 48390-0577 263009.09

FLUSHING MI 48433 165654.02

ALDEN NY 14004 298256.35

PORTAGE IN 46368 890421.18

DETROIT MI 48234 1017.89

DALLAS TX 75266-0613 679171.5

SOUTH ROCKWOOD MI 481790422 136824.73

DETROIT MI 48226 599575.32

ROMULUS MI 48174 225906.64

AUBURN HILLS MI 48326 3372614.56

PLYMOUTH MI 48170 3.46945E-18

PLYMOUTH MI 48170 13671.98

ROMULUS MI 48174 37113.27

528 DALE ST SW HUTCHINSON MN 55350 49059.34

P.O. BOX 323 HUDSONVILLE MI 49426 63528.15

LANSING MI 48909 680526.76

MONROE MI 48161 102288.05

ANN ARBOR MI 48103 828192.51

CANTON MI 48187 36261.41

CPTF000207 CPTF-DV000166 CPTF - 
LUDINGTON MI 49431 170427.97

GOODELLS MI 48027 26187

BLUE BELL PA 19422 25196.81

LANSING MI 48911-5316 37635

MELVINDALE MI 48122 113953.99

LANCASTER PA 17601 706.2

TAYLOR MI 48180 1418218.96

SHELBY TWP. MI 48316 150590.66

WALLED LAKE MI 48390 1743693.28

P.O. BOX 46445 MT. CLEMENS MI 48046 556177.17

GRAND RAPIDS MI 49534 134798.83

DETROIT MI 48209 1719666.62

BUILDING 300, SUITE 600 DULUTH GA 30096 65227.66

LANSING MI 48906 88694.68

WARREN MI 48089 91983

STE 205 WIXOM MI 48393 377215.23

GREEN BAY WI 54307 166520.9

SUITE 200 GREENWOOD VILLAGE CO 80111-4818 42507.37

SUITE 101 ROCHESTER HILLS MI 48309 47456.66

DAVISON MI 48423 16710.78

ANN ARBOR MI 48105 28757.36

PLYMOUTH MI 48170 767247.75

AUBURN HILLS MI 48326 2775949.34

16TH FLOOR DALLAS TX 75201 191142.76

HOUSTON TX 77043 536.32

CLINTON TWP. MI 48035 59333.12

MONTROSE MI 48457 2699.67

ROMEO MI 48065 51294.04

TAYLOR MI 48180 1118374.68

25566 PENNSYLVANIA TAYLOR MI 48180 23163.41

HANOVER MD 21076 30208.45

TOLEDO OH 43615 468.86

WIXOM MI 48393 124.67

SOUTHFIELD MI 48033-4297 187055.3

OMAHA NE 68137 685958.68

#260 GOLDEN CO 80401 8948.53

PORT HURON MI 48060 35141.94

TRENTON MI 48183 651111.01

CLINTON TWP. MI 48035 400503.7

989.22

ANN ARBOR MI 48103 67981.94

CLINTON TWP MI 48035 109567.49

FOX LAKE IL 60020 173767.25

DETROIT MI 48216 20523.04

CINCINNATI OH 45232 16555.98

PERRYSBURG OH 43551 54374.97

SUITE 500 DETROIT MI 48202 7538.05

CPTF000208 CPTF-DV000167 CPTF - 
HOWELL MI 48843-2404 332.77

TIPTON IN 46072 87217.93

MILFORD MI 48381 243244.76

FARMINGTON HILLS MI 48334 679356.92

DEARBORN MI 48126 147137.54

AUBURN HILLS MI 48326 23397.87

PO BOX 168 SCHOFIELD WI 54476 10441.56

NOVI MI 48376 9307.37

ST CLAIR MI 48079 679502.95

534743.57

BOX 198 HILLSDALE MI 48242 802.77

WILLIAMSTON MI 48895 14885.99

FONTANA CA 92355 2953.78

P.O. BOX 25948 OVERLAND PARK KS 66213 76096.31

WARREN MI 48092 80823.65

PLYMOUTH MI 48170 48165.54

CANONBURG PA 15317 35239.31

1804.1

1 WASHINGTON BLVD STE1056 DETROIT MI 48226 53452

FERNDALE MI 48220 445496.24

SUITE 300 HANOVER MD 21076 2690.26

MILFORD MI 48143 270043.8

STE 102 FARMINGTON HILLS MI 48334 18904.91

NEWPORT MI 48166 390264.19

STE. 201 NOVI MI 48375-1772 683497.28

BLANCHESTER OH 45107 14350.28

CHICAGO IL 60638 17727.75

BLUE BELL PA 19422 24206.14

ALPHARETTA GA 30004 13017.31

WOODHAVEN MI 48183 930.75

FREMONT OH 43430 509.12

SHELBY TWP. MI 48317 4322.57

201 N RIVERSIDE AVE E-1 ST CLAIR MI 48079 74471.5

MONROE MI 48161 198263.42

NASHVILLE MI 49073 18377.02

NEW YORK NY 10001 214299.71

ITASCA IL 60143 3675.31

SOUTHFIELD MI 48033 552402.13

STERLING HEIGHTS MI 48310-4793 1371101.43

HARSENS ISLAND MI 48028 60808.46

BOYNE CITY MI 49712 1076.18

REDFORD MI 48034 86861.58

ANN ARBOR MI 48103 35836.77

PLYMOUTH MN 55447 21579.11

SAGINAW MI 80998.5

TROY MI 48084 1455.85

YPSILANTI MI 48197 2836.73

CPTF000209 CPTF-DV000168 CPTF - 
81542.32

WARREN MI 48091 48434.68

SUITE 501 DETROIT MI 48202 921747.09

YPSILANTI MI 48197-1145 67.34

PONTIAC MI 48340 213425.67

LAGRANGE KY 40031 138999.48

FLINT MI 48507 37761.19

134090.02

BRIGHTON MI 48116 73097.5

SUITE 306 DETROIT MI 48226 160843.03

HENDERSON KY 42420 7776.79

DETROIT MI 48207 3111.8

BLISSFIELD MI 49228 205163.73

HOWELL MI 48843 29007.08

10455 SLUSHER DRIVE SANTA FE SPRINGS CA 90670-3750 55756.69

PO BOX 33420 KANSAS CITY MO 64120-3420 75283.98

HEARTLAND MI 48353 5412.04

HOWELL MI 48855 17595.89

STE 600 TROY MI 48084 20699.4

ROMULUS MI 48174 71277.34

LIVONIA MI 48150 31731.28

ORION MI 48359 202727.69

6200 S QUEBEC ST GREENWOOD VILLAGE CO 80111 982885.82

HOMEWOOD IL 60430 14741.82

STOCKBRIDGE MI 49285 989798.66

OKEMOS MI 48864 87362.47

SUITE 146 STONE MOUNTAIN GA 30087 43124.34

STE 1010 DETROIT MI 48243 220276.8

P.O. BOX 236 NEW HUDSON MI 48165 174043.75

STERLING HGTS MI 48312 622636.42

NEWPORT MI 48166 48142.54

ROYAL OAK MI 48067-3700 481180.56

ORION MI 48359 13245.39

WALBRIDGE OH 43465 371796.93

DETROIT MI 48211 27562.12

FERNDALE MI 48220 97469.08

WARREN MI 48091 13135.64

WARREN MI 48092 181710.64

CASCO MI 48064 117129.85

CLINTON TWP MI 48035 186233.85

LANSING MI 48906 1610.76

NORTHWOOD OH 43619 161139.6

DETROIT MI 48203 117406.78

ST. CLAIR MI 48079 16359.34

SUITE 200 MT CLEMENS MI 48043-1613 47670.08

YPSILANTI MI 48198-6051 53198.75

SUITE 709 MORGANVILLE NJ 07751 61778.09

CPTF000210 CPTF-DV000169 CPTF - 
SOUTH LYON MI 48178 39648.84

ATLANTA GA 30318 79100.88

STERLING HEIGHTS MI 48314 94345.92

SUITE A112 MT LAUREL NJ 08054 9041.09

FLINT MI 48507 101511.29

FERNDALE MI 48220 2248179.93

PO BOX 1737 CLARKSVILLE VA 23927 3736.37

DETROIT MI 48226 356863.58

FLINT MI 48502 30705.73

STE 360 SAGINAW MI 48607 314430.74

PERRYSBURG OH 43551 120352.94

WASHINGTON PA 15301 443297.66

NEW BALTIMORE MI 48047 196254.81

GRAND BLANC MI 48439 166699.79

WALLED LAKE MI 48390-0751 87102.73

SUITE G CLARKSTON MI 48346 90966.51

P O BOX 166 ALMA IL 62807 34366.99

PORTAGE MI 49002 211706.04

COLUMBUS IN 47203 584.31

P.O. BOX 137 ANCHORVILLE MI 48004 60341.02

FARMINGTON HILLS MI 48336 41786.59

WIXOM MI 48939 669511.22

OTTAWA LAKE MI 49267 30918.28

DETROIT MI 48226-9702 171386.38

TAYLOR MI 48180 285584.24

STE 2705 DETROIT MI 48226-2878 15860.3

LINCOLN PARK MI 48146 382534.38

WIXOM MI 48393 164839.36

ALLENDALE MI 49401 68850.05

CINCINNATI OH 45202 144537.38

P.O. BOX 71425 MADISON HGTS MI 48071 2205051.47

ROCKLIN CA 95765 20144.81

LAS VEGAS NV 89119 155533.7

P.O. BOX 5289 NORTHVILLE MI 48167-5289 491746.18

ANN ARBOR MI 48103 182164.35

832 CRESTVIEW BLOOMFIELD HILLS MI 48302 391672.07

YPSILANTI MI 48197-0804 4591663.24

OREGON OH 43616 9358.13

DETROIT MI 48226-3529 158444.45

DETROIT MI 48226 435893.59

CHICAGO IL 60607-3021 178895.16

CHICAGO IL 60607 434145.83

RM. 3800 DETROIT MI 48202 345503.27

SUITE 2170 DETROIT MI 48243 43647.99

OWATONNA MN 55060 19733.22

TAYLOR MI 48180 24990.72

LIVONIA MI 48150 95240.27

CPTF000211 CPTF-DV000170 CPTF - 
TOLEDO OH 43612 18.57

BATTLE CREEK MI 49037 401.34

3501 QUADRANGLE BLVD 175 ORLANDO FL 32817 9437.18

STERLING HGTS MI 48312 1152115.18

SHELBY TWP MI 48315 447799.68

KALAMAZOO MI 49003-2169 261.44

3646.08

CLEARWATER MN 55320 606.76

EVANSVILLE IN 47725 124845.13

SUITE 100 MIDDLEBURGH HTS OH 11430 16154.16

MAZON IL 60444 531965.81

DEER PARK TX 77536 162486.24

P.O. BOX 68109 CINCINNATI OH 45206 972.75

SUITE 300 DETROIT MI 48226-3529 517797.55

SUITE 300 DETROIT MI 48226 79584.86

NOVI MI 48377 596177.62

CLINTON IN 47842 49190.04

7.99

STERLING HEIGHTS MI 48310 4151.8

ARVADA CO 80001 3834.21

33 FITCH BLVD AUSTINTOWN OH 44515 7325.37

12 EAST ERIE STREET CHICAGO IL 60611 220310.52

350 FORDHAM ROAD SUITE 2 WILMINGTON MA 01887-2161 5728.8

28 N. FIRST STREET GENEVA IL 60134 18192.84

3100 BROADWAY SUITE 805 KANSAS CITY MO 64111 2973.88

P.O. BOX 1492 MOBILE AL 36633 5636.7

1419 HAMPTON AVENUE ST. LOUIS MO 63139 10878

BLDG 1 NEW ORLEANS LA 70127 1521.64

7950 N.W. 53RD ST, #202 MIAMI FL 33166 634.5

SUITE 300 PITTSBURGH PA 15205 30034.48

11276.94

HOUSTON TX 77272-2038 4367.32

P O BOX 860007 PLANO TX 75086 1313

1403 ESSINGTON RD STE 100 JOLIET IL 60435 1319.34

PO BOX 1449 GOODLETTSVILLE TN 37070-1449 24386.47

533 S. FREMONT AVE LOS ANGELES CA 900071 2204.59

10 CORPORATE DR SUITE B HOPEWELL JUNTION NY 12533 50580.17

P.O. BOX 5434 SPOKANE WA 99205-0434 3714.48

1803 SPRING GARDEN ST. PHILADELPHIA PA 19130 32175.9

1811 SPRING GARDEN STREET PHILADELPHIA PA 19130-3916 2448.01

P.O. 13487 ROANOKE VA 24034 3873

LAS ANGELES CA 90071-1706 35223.23

P O BOX 969 TROY MI 48099-0969 109580.31

TROY MI 48099 1365885.93

541 NE 20TH AVE STE 108 PORTLAND OR 97232 29070.27

6009 OSON HILL RD STE 416 OXON HILL MD 20745 7596.98

LANSING MI 48917 3057452.07

CPTF000212 CPTF-DV000171 CPTF - 
P O BOX 1208 HIXSON TN 37343 760.49

PO BOX 1929 SEATTLE WA 98111-1929 15582.45

SUITE 300 PITTSBURGH PA 15205-9503 2273.21

P O BOX 2280 OAKLAND CA 94621 21701.28

25881.98

PITTSBURGH PA 15205-4350 6463.97

1300 S. MERIDAN STE 200 OAKLAHOMA CITY MI 73108 400.75

P.O. BOX 4002 EAU CLAIRE WI 54702 7544

GENEVA IL 60134 7754.25

289690.46

ROGERS MN 55374 10156.76

RICHMOND MI 48062 94551.99

144020.65

DETROIT MI 48238-2498 14374.54

WARREN MI 48089 74767.66

SUITE B WATERFORD MI 48329-3283 400

DETROIT MI 48207-1912 172631.5

PLYMOUTH MI 48170 24909.96

5800 VENOY RD. GARDEN CITY MI 48135 0.33

SOUTHFIELD MI 48033 16113.55

DETROIT MI 48212 34648.2

AUBURN HILLS MI 48326 35142.47

ROYAL OAK MI 48067 32523.34

LINCOLN PARK MI 48146 51382.73

P.O. BOX 339 WILLIS MI 48191 24511.38

NORTHVILLE MI 48167-5289 18852.71

STERLING HEIGHTS MI 48312 2232.8

MILFORD MI 48381 293669.42

PO BOX 71425 MADISON HEIGHTS MI 48071 387454.37

PLYMOUTH MI 48170 1420902.09

FLINT MI 48507 27628.75

STERLING HEIGHTS MI 48314 294483.03

LIVONIA MI 48150 11446.42

ROCHESTER MI 48308 137361.55

LIVONIA MI 48150 372311.31

LANSING MI 48906 5518.84

TROY MI 48083 942956.37

DETROIT MI 48216 491819.15

WIXOM MI 48393 84820.91

DETROIT MI 48207 1500

TOLDEO OH 43608 2106.59

STERLING HGTS MI 48312 196040.3

TAYLOR MI 48180 51043.27

PERRYSBURG OH 43551 7052.75

COULUMBUS OH 43219 114.69

JOHNSON CITY NY 13790 218.55

ROSEVILLE MI 48066 1030513.92

CPTF000213 CPTF-DV000172 CPTF - 
WALLED LAKE MI 48390-0097 43883.57

TROY MI 48083 38805.05

NEW BALTIMORE MI 48047-0127 423166.87

ORION MI 48359 62903.48

BERKLEY MI 48072 480289.21

8001 PARK PLACE BRIGHTON MI 48116 58493.12

SUITE 100 NOVI MI 48375-1920 230080.08

LIVONIA MI 48150 12839.86

UTICA MI 48317 173040.78

WALLED LAKE MI 48390-3029 29806

NOVI MI 48375 41897.44

HOWELL MI 48843 8099.54

CLINTON MI 49236 235983.74

WIXOM MI 48393 136000.6

HAZEL PARK MI 48030 8476.72

SUITE 310 CLINTON TWP MI 48036 356007.61

15044 N SCOTTSDALE #300 SCOTTSDALE AZ 85254 1377.71

TROY MI 48099 18120.45

HARRISON TWP. MI 48045 132333.58

SUITE 4 HOLLY MI 48442 1000

WOODHAVEN MI 48183 4344.91

SUITE 100 BOSTON MA 02210 6325.18

BRIGHTON MI 48116 823423.11

UNIT 5 HANOVER MA 02339 5329.07

2427.2

TROY MI 48099 5392.81

261710.33

645.67

TROY MI 48099 5572.46

799.26

EAU CLAIRE WI 54702-4002 139.59

EAU CLAIRE WI 54702-4002 270.6

ST LOUIS MO 63139-3100 3280.63

CPTF000214 CPTF-DV000173 CPTF - 
CARPENTERS PENSION TRUST FUND – DETROIT & VICINITY

VOTER’S GUIDE

Vote by _______________, 2021

Cast your vote on the proposed benefit reduction by [deadline]:

Phone:

Or

Online:

Call X-XXX-XXXX to vote by phone. 

Go to www.XXXXXXX.com to vote online. 

The proposed benefit reduction will go into effect July 1, 2021, unless a majority of participants reject 

it. Not voting has the same effect as voting yes. This voter's guide provides information to help you make an 

informed decision on the proposed benefit reduction for the Carpenters Pension Trust Fund – Detroit & 

Vicinity:

• About the Proposed Reduction

• Statement For the Reduction

• Statement Against the Reduction

• What's Next

Please read this guide and see the enclosed benefit estimate before you make your decision.

The vote is being run by a company selected by the Treasury Department to ensure the integrity of the 

voting process.

YOUR CHOICE:

Voting YES means: Voting NO means:

On July 31, 2021 monthly benefits for some 

members will be lowered

There will be no reduction on July 31, 2021 but the 

Plan may be on the path to running out of money in 

about 12 years (2032)

Members with disability-based benefits and those 

who are age 80 or older on July 31, 2021 will NOT 

have their monthly benefits lowered at all

When the Plan runs out of money benefits will be 

paid by the PBGC and will be much lower than

benefits will be if the members vote “YES” on the 

proposed reduction

Some members who are between age 75 and 80 on 

July 31, 2021 will have their benefits lowered

When the plan runs out of money benefits will drop 

for most participants. Others will not see a drop 

because their benefit is already lower than the 

PBGC’s guaranteed amount

Review pages x – x for statements for and against 

the reduction

Review pages x – x for statements for and against 

the reduction

CPTF000215 CPTF - 
See the enclosed personalized benefit estimate for how your benefit would change under 

the proposed reduction or if the plan ran out of money and benefits were paid by the 

PBGC.

* All participants’ benefits will be determined based upon the following groups:

How the Proposed Suspension Affects Various Groups of Participants – Main Groups

Below is a listing of the various groups of participants that are treated differently 

under the suspension and a description of how each group is treated differently. The groups 

are designated by the letters A through D.

Group Description How Treated Differently

A Non-Retired

Non-retired participants will be subject to the 32% cut level 

on pre-5/1/2007 accruals. For active participants 

continuing to accrue benefits, the effect of any cut relative 

to the final accrued benefit at retirement will become less as 

time passes

B

Retiree with 

8/1/2013 

Benefit 

Reduction

As described above, the benefits of the retirees in this group 

were reduced to reflect a new set of early retirement factors 

effective 8/1/2013 (though the reduction was limited to 5% 

of the benefit in pay status immediately prior to 8/1/2013). 

This group is subject to the 32% cut level on pre-5/1/2007 

accruals, but the early retirement factor used for 

determining the post-suspension benefit in pay status will 

be the factor that was in effect when they initially retired. 

Thus, the reduction will be slightly less relative to the 

benefit in effect immediately prior to suspension when 

compared to a similarly-situated retiree who did not 

experience the 8/1/2013 benefit adjustment.

C

Beneficiary of 

October 2016 

Disability 

Lawsuit 

Settlement

This group is subject to the 32% cut level on pre-5/1/2007 

accruals. However, as described above, the disability-based 

limitations are applied differently to this group as compared 

to a similarly-situated disabled or retired participant who 

was not a beneficiary of the lawsuit settlement.

D

Pay Status 

Participant Not 

In Groups B or 

C

This group is subject to the 32% cut level on pre-5/1/2007 

accruals, but does not receive the benefit of any of the 

special rules applicable to groups B and C.

How Suspension Affects Various Groups of Participants – Sub-groups

Because the proposed suspension does not affect any benefits accrued on or after 

May 1, 2007 (those that accrued under the 1% multiplier), each of preceding groups must 

be sub-divided into 3 sub-groups: 

CPTF000216 CPTF - 
• Those with all accruals prior to May 1, 2007, 

• Those with all accruals on or after May 1, 2007, and 

• Those with accruals both before and after May 1, 2007. 

For simplicity, the 3 possible sub-groups are labeled 1, 2, and 3. The way in which each 

sub-group is treated differently is described below:

SubGroupDescription How Treated Differently

1

Pre-5/1/2007 

Accruals Only

The 32% reduction will apply to the entire accrued benefit

2

Post-5/1/2007 

Accruals Only

As there are no pre-5/1/2007 accruals, the accrued benefit 

will be unaffected by the suspension

3

Pre- And Post5/1/2007 

Accruals

The 32% reduction will only apply to the portion of the 

benefit accrued prior to 5/1/2007. Therefore, the overall 

reduction will be less than 32%.

Final Groups

Final groupings are referred to by starting with the letter representing the 

participant’s main group and appending the number representing the appropriate subgroup. For example, “A1,” “A2,” etc.

The final groupings are summarized below (note that a few of the final groups do not 

contain any participants):

Group Description

A1 Active, pre-5/1/2007 accruals only

A2 Active, post-5/1/2007 accruals only

A3 Active, pre- and post-5/1/2007 accruals

B1 Retiree with benefit reduction effective 8/1/2013, pre-5/1/2007 accruals only

B2 Retiree with benefit reduction effective 8/1/2013, post-5/1/2007 accruals only

B3 Retiree with benefit reduction effective 8/1/2013, pre- and post-5/1/2007 accruals

C1

Beneficiary of the October 2016 disability lawsuit settlement, pre-5/1/2007 accruals 

only

C2

Beneficiary of the October 2016 disability lawsuit settlement, post-5/1/2007 accruals 

only

C3

Beneficiary of the October 2016 disability lawsuit settlement, pre- and post-5/1/2007 

accruals

D1 Retiree not included in a C or D group, pre-5/1/2007 accruals only

D2 Retiree not included in a C or D group, post-5/1/2007 accruals only

D3 Retiree not included in a C or D group, pre- and post-5/1/2007 accruals

Note: In the table above, “retiree” includes beneficiaries and alternate payees

CPTF000217 CPTF - 
This change is intended to prevent the Pension Fund from running out of money

About the Proposed Reduction

________________________________________________________________________

Unless rejected, effective July 1, 2021, there will be a reduction of certain benefits 

earned through April 30, 2007, for active participants, retirees, beneficiaries, and inactive 

participants with a vested benefit as described in the chart above.

See the enclosed benefit estimate for your actual reduced benefit amount.

No special groups will be treated differently except those required by law:

• Participants with benefits based on disability will have no reduction.

• Participants or beneficiaries who are at least age 80 on July 31, 2021 will have no 

reduction.

• Participants or beneficiaries who are at least age 75 but under age 80 on July 31, 

2021 will have a smaller benefit reduction.

There is no set date when the benefit reductions will end; they will remain in 

effect indefinitely. However, the benefit reductions will be in effect only until the Plan is 

no longer projected to run out of money without the reductions in place. We expect 

reduced benefits to be in place for a long time. For some, that means reduced benefits for 

the rest of their retirement. For others, there is at least a possibility that their benefit 

would come back up to the unreduced amount at some point in the future.

This proposed benefit reduction has been approved by the Secretary of Treasury, 

in consultation with the Pension Benefit Guaranty Corporation (PBGC) and the Secretary 

of Labor.

See the enclosed benefit estimate for information about YOUR benefit and how 

much YOUR benefit will be it will be if the reduction is approved.

What if we do nothing?

________________________________________________________________________

The Plan's actuary estimates that, unless benefits are reduced, the Plan will not 

have enough money to pay benefits in the year 2032. This estimate is based on how much 

money the actuary expects the Plan to receive and to pay out each year. This estimate, 

which is based on several assumptions, will change every year based on actual 

investment returns, plan contributions, and other experience. So, the actual date could be 

sooner or later than 2032.

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 on the enclosed benefit 

CPTF000218 CPTF - 
estimate.

If the PBGC runs out of money, benefits will likely be quite a bit lower than the 

PBGC-guaranteed amount shown.

Effects of the proposed benefit reduction.

________________________________________________________________________

This reduction would take effect on July 1, 2021 and would apply to benefits 

earned through April 30, 2007.

The Plan's actuary has certified that, with the reduction of benefits that the Board 

of Trustees has proposed, the plan should not run out of money. This expectation is based 

on a number of assumptions; if reality differs significantly from these assumptions, the 

reduction might not work as intended. However, we have used realistic assumptions to 

give the Plan the best chance of success.

Statement in Favor of the Reduction:

________________________________________________________________________

We, the Trustees of the Carpenters Pension Trust Fund – Detroit & Vicinity, 

believe the plan can be saved with this reduction. If we thought it was hopeless, we 

wouldn't be going through this process. Our goal is to keep paying as much as we can in 

benefits for many years to come.

Our options were to try to save the plan or let it run out of money. As we looked 

at both options, it became clear that we need to try to save the plan. The chart below 

shows why we want to save the plan, and not let it run out of money.

Try to Save the Plan Let the Plan Run Out of Money

The most prudent course of action is to do 

everything possible to keep the Plan from 

running out of money and to keep paying 

benefits from the Plan – even if that 

means paying them at a lower level.

If we let the Plan run out of money those 

receiving benefits now will continue to get 

their full amount – but only for a number 

of years. Everyone else would get lower 

benefits or, in the worst case, nothing. 

This hurts the active participants the most, 

and they are already earning a lower 

benefit, and paying a higher contribution, 

than members did in the past.

The proposed reduction is designed to be 

fair, to reduce benefits in a manner that 

reflects the history of benefit accruals and 

subsidized benefits.

There is concern about the financial health 

of the Pension Benefit Guaranty 

Corporation (PBGC) – the government 

corporation that insures pension plans. 

The PBGC itself may very well run out of 

money. In that case, it is likely that only a 

fraction of the PBGC’s “guaranteed” 

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benefits would be paid to plans that run 

out of money.

If we keep the Plan going, we have a 

better chance of maintaining a strong 

contribution base – increasing the 

likelihood of being able to pay benefits 

over a longer period of time.

If the Plan runs out of money and goes to 

the PBGC, no one will receive more than 

the PBGC guaranteed amount.

The Plan still has assets at this time. If 

benefits are lowered now we can use those 

assets to earn investment income. 

Investment income pays for benefits and 

will help us to restore the Plan.

Right now the Plan has almost $800

million of assets. If we do nothing, the 

amount of money we have to invest will 

go down, we will get fewer dollars of 

investment earnings, and ultimately, the 

plan will run out of money.

Under this proposal, the reduction applies 

to benefits earned through May 1, 2007.

If the plan runs out of money, perhaps the 

hardest hit group would be current active 

participants, who have already made 

significant sacrifices.

The current level of benefits being earned 

is already very low (and the contributions 

are very high) compared to the benefits 

and contributions of the past. The benefits 

being earned by current actives are 

already reduced. We owe it to them to do 

everything we can to make sure some of 

the money they are paying into the fund is 

left to pay their benefits in the future.

PBGC benefits would be lower than 

benefits under this proposed reduction. 

And if the PBGC runs out of money it is 

likely benefits would be even smaller.

For almost all participants, benefits under 

the proposed reduction are higher than 

what you would receive from the PBGC. 

See the enclosed benefit estimate for a 

comparison.

If the Plan goes to the PBGC, not only 

would benefits be lower than under the 

proposed reduction, but the decrease 

would be permanent.

Under the proposed reduction, the people 

who are least able to recover from a 

reduced retirement income, including 

disabled participants and those more than 

80 years old are protected from any 

reduction.

If the Plan runs out of money, benefits 

will be cut across the board. No 

population of participants will be 

protected from reductions.

Statement Against the Reduction:

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[to be completed]

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What Happens Next:

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[Deadline]: Last day to vote

[7 days after deadline]: Results of the vote announced

The Trustees will mail an update with the results of the 

vote following the announcement

July 1, 2021: Reduction takes effect, unless rejected

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