Exhibit 4: Page 1 of 7

WESTERN STATES OFFICE AND 

PROFESSIONAL EMPLOYEES PENSION FUND

SUSPENSION APPLICATION 

Exhibit 4
Western States Office and Professional Employees Pension Fund 

Exhibit 4: Page 2 of 7

Exhibit 4 

Demonstration that Limits on Individual Suspensions Are Satisfied 

Pursuant to IRC Sections 432(e)(9)(D)(i) through (iii) 

Example #1: Proposed benefit cut for pensioners and non-pensioners, no limitations apply 

A. Date of Birth 

B. Date of Retirement 

C. Effective Date of Suspension 

D. Age at Retirement Date 

E. Age at Suspension Date 

F. Total Accrued Benefit 

G. Total Benefit Credits 

H. Participant Status 

Calculation of 110% of PBGC Guarantee 

I. Yearly Accrual Rate for Monthly Benefit ( F / G ) 

J. PBGC Guaranteed Accrual Rate 

(100% x $11) + (75% x $33) 

K. PBGC Guaranteed Benefit ( J x G)

L. 110% of PBGC Guaranteed Benefit 

Calculation of Monthly Benefit under Proposed Suspension 

M. Reduction Percentage 

N. Amount Cut 

O. Proposed Monthly Benefit 

P. Does Age-based limitation Apply? 

(Participant over age 75 at Suspension Date) 

Q. Does disability limitation Apply? 

(Participant in disabled status, no reduction if disabled) 

R. Does 110% PBGC limit apply? 

(Proposed Monthly Benefit less than 110% PBGC Benefit 

O<L) 

S. Final Reduction Percentage 

T. Final Amount Cut 

U. Final Benefit, reflecting proposed suspension and limits 

4/1/1953 

5/1/2015 

12/1/2017 

 62 years 1 month 

64 years 8 months 

$910.00 

14 

Retiree 

$65.00 

$35.75 

$500.50 

$550.55 

29% 

$263.90 

$646.10 

No 

No 

No 

29% 

$263.90 

$646.10 
Western States Office and Professional Employees Pension Fund 

Exhibit 4: Page 3 of 7

Exhibit 4 

Demonstration that Limits on Individual Suspensions Are Satisfied 

Pursuant to IRC Sections 432(e)(9)(D)(i) through (iii) 

Example #2: Proposed benefit cut for pensioners and non-pensioners, 110% PBGC limit applies

A. Date of Birth 

B. Date of Retirement 

C. Effective Date of Suspension 

D. Age at Retirement Date 

E. Age at Suspension Date 

F. Total Accrued Benefit 

G. Total Benefit Credits 

H. Participant Status 

Calculation of 110% of PBGC Guarantee 

I. Yearly Accrual Rate for Monthly Benefit ( F / G ) 

J. PBGC Guaranteed Accrual Rate 

(100% x $11) + (75% x $14) 

K. PBGC Guaranteed Benefit ( J x G)

L. 110% of PBGC Guaranteed Benefit 

Calculation of Monthly Benefit under Proposed Suspension 

M. Reduction Percentage 

N. Amount Cut 

O. Proposed Monthly Benefit 

P. Does Age-based limitation Apply? 

(Participant over age 75 at Suspension Date) 

Q. Does disability limitation Apply? 

(Participant in disabled status, no reduction if disabled) 

R. Does 110% PBGC limit apply? 

(Proposed Monthly Benefit less than 110% PBGC Benefit O<L) 

S. Final Reduction Percentage 

T. Final Amount Cut 

U. Final Benefit, reflecting proposed suspension and limits 

2/1/1945 

12/1/2017 

 

72 years 10 months 

$350.00 

14 

Active 

$25.00 

$21.50 

$301.00 

$331.10 

29% 

$101.50 

$248.50 

No 

No 

Yes 

5% 

$18.90 

$331.10 
Western States Office and Professional Employees Pension Fund 

Exhibit 4: Page 4 of 7

Exhibit 4 

Demonstration that Limits on Individual Suspensions Are Satisfied 

Pursuant to IRC Sections 432(e)(9)(D)(i) through (iii) 

Example #3: Proposed benefit cut for pensioners and non-pensioners, disability limit applies

A. Date of Birth 

B. Date of Retirement 

C. Effective Date of Suspension 

D. Age at Retirement Date 

E. Age at Suspension Date 

F. Total Accrued Benefit 

G. Total Benefit Credits 

H. Participant Status 

Calculation of 110% of PBGC Guarantee 

I. Yearly Accrual Rate for Monthly Benefit ( F / G ) 

J. PBGC Guaranteed Accrual Rate 

(100% x $11) + (75% x $33) 

K. PBGC Guaranteed Benefit ( J x G)

L. 110% of PBGC Guaranteed Benefit 

Calculation of Monthly Benefit under Proposed Suspension 

M. Reduction Percentage 

N. Amount Cut 

O. Proposed Monthly Benefit 

P. Does Age-based limitation apply? 

(Participant over age 75 at Suspension Date) 

Q. Does disability limitation apply? 

(Participant in disabled status, no reduction if disabled) 

R. Does 110% PBGC limit apply? 

(Proposed Monthly Benefit less than 110% PBGC Benefit 

O<L) 

S. Final Reduction Percentage 

T. Final Amount Cut 

U. Final Benefit, reflecting proposed suspension and limits 

7/1/1969 

4/1/2007 

12/1/2017 

37 years 9 months 

48 years 5 months 

$640.00 

8 

Disabled 

$80.00 

$35.75 

$286.00 

$314.60 

29% 

$185.60 

$454.40 

No 

Yes 

No 

0% 

$0.00 

$640.00 
Western States Office and Professional Employees Pension Fund 

Exhibit 4: Page 5 of 7

Exhibit 4 

Demonstration that Limits on Individual Suspensions Are Satisfied 

Pursuant to IRC Sections 432(e)(9)(D)(i) through (iii) 

Example #4: Proposed benefit cut for pensioners and non-pensioners, age-based limitation 

applies

A. Date of Birth 

B. Date of Retirement 

C. Effective Date of Suspension 

D. Age at Retirement Date 

E. Age at Suspension Date 

F. Total Accrued Benefit 

G. Total Benefit Credits 

H. Participant Status 

Calculation of 110% of PBGC Guarantee 

I. Yearly Accrual Rate for Monthly Benefit ( F / G ) 

J. PBGC Guaranteed Accrual Rate 

(100% x $11) + (75% x $33) 

K. PBGC Guaranteed Benefit ( J x G)

L. 110% of PBGC Guaranteed Benefit 

Calculation of Monthly Benefit under Proposed Suspension 

M. Reduction Percentage 

N. Amount Cut 

O. Proposed Monthly Benefit 

P. Does Age-based limitation apply? 

(Participant over age 75 at Suspension Date) 

Q. Does disability limitation apply? 

(Participant in disabled status, no reduction if disabled) 

R. Does 110% PBGC limit apply? 

(Proposed Monthly Benefit less than 110% PBGC Benefit 

O<L) 

S. Months between Suspension Date and Date Participant turns 

80 

T. Applicable percentage of cut 

(prorated by number of months (T / 60)) 

U. Final Reduction Percentage 

(M x T) 

V. Final Amount Cut 

W. Final Benefit, reflecting proposed suspension and limits 

3/1/1940 

9/1/2008 

12/1/2017 

68 years 6 months 

77 years 9 months 

$2,490.00 

36 

Retiree 

$69.17 

$35.75 

$1,287.00 

$1,415.70 

29% 

$722.10 

$1,767.90 

Yes 

No 

No 

27 months 

45.0% 

13.3% 

$324.95 

$2,165.06 

 
Western States Office and Professional Employees Pension Fund 

Exhibit 4: Page 6 of 7

Exhibit 4 

Demonstration that Limits on Individual Suspensions Are Satisfied 

Pursuant to IRC Sections 432(e)(9)(D)(i) through (iii) 

Example #5: Not suspended due to age over 80

A. Date of Birth 

B. Date of Retirement 

C. Effective Date of Suspension 

D. Age at Retirement Date 

E. Age at Suspension Date 

F. Total Accrued Benefit 

G. Total Benefit Credits 

H. Participant Status 

Calculation of 110% of PBGC Guarantee 

I. Yearly Accrual Rate for Monthly Benefit ( F / G ) 

J. PBGC Guaranteed Accrual Rate 

(100% x $11) + (75% x $33) 

K. PBGC Guaranteed Benefit ( J x G)

L. 110% of PBGC Guaranteed Benefit 

Calculation of Monthly Benefit under Proposed Suspension 

M. Reduction Percentage 

N. Amount Cut 

O. Proposed Monthly Benefit 

P. Does Age-based limitation apply? 

(Participant over age 75 at Suspension Date) 

Q. Does disability limitation apply? 

(Participant in disabled status, no reduction if disabled) 

R. Does 110% PBGC limit apply? 

(Proposed Monthly Benefit less than 110% PBGC Benefit 

O<L) 

S. Months between Suspension Date and Date Participant turns 

80 

T. Applicable percentage of cut 

(prorated by number of months (T / 60)) 

U. Final Reduction Percentage 

(M x T) 

V. Final Amount Cut 

W. Final Benefit, reflecting proposed suspension and limits 

1/12/1935 

12/1/2010 

12/1/2017 

75 years 10 months 

82 years 10 months 

$833.00 

17 

Retiree 

$49.00 

$35.75 

$607.75 

$668.53 

29% 

$241.57 

$591.43 

Yes 

No 

No 

0 months 

0% 

0% 

$0.00 

$833.00 

 
Western States Office and Professional Employees Pension Fund 

Exhibit 4: Page 7 of 7

Exhibit 4 

Demonstration that Limits on Individual Suspensions Are Satisfied 

Pursuant to IRC Sections 432(e)(9)(D)(i) through (iii) 

Example #6: Proposed suspension lower than 110% PBGC limit 

A. Date of Birth 

B. Date of Retirement 

C. Effective Date of Suspension 

D. Age at Retirement Date 

E. Age at Suspension Date 

F. Total Accrued Benefit 

G. Total Benefit Credits 

H. Participant Status 

Calculation of 110% of PBGC Guarantee 

I. Yearly Accrual Rate for Monthly Benefit ( F / G ) 

J. PBGC Guaranteed Accrual Rate 

(100% x $11) + (75% x $2.33) 

K. PBGC Guaranteed Benefit ( J x G)

L. 110% of PBGC Guaranteed Benefit 

Calculation of Monthly Benefit under Proposed Suspension 

M. Reduction Percentage 

N. Amount Cut 

O. Proposed Monthly Benefit 

P. Does Age-based limitation apply? 

(Participant over age 75 at Suspension Date) 

Q. Does disability limitation apply? 

(Participant in disabled status, no reduction if disabled) 

R. Does 110% PBGC limit apply? 

(Proposed Monthly Benefit less than 110% PBGC Benefit 

O<L) 

S. Final Reduction Percentage 

T. Final Amount Cut 

U. Final Benefit, reflecting proposed suspension and limits 

9/12/1949 

10/1/2014 

12/1/2017 

65 years 0 months 

68 years 2 months 

$438.00 

11 

Retiree 

$39.82 

$32.61 

$358.71 

$394.58 

29% 

$127.02 

$310.98 

No 

No 

Yes 

9.9% 

$43.42 

$394.58