APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Excerpts from Government Filings

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Exhibit 7.08 (Checklist Item #39)

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Exhibit 7.08 (Checklist Item #39)

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Exhibit 7.08 (Checklist Item #39)

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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Summarized below are the projected benefit payments (not including administrative expenses) assuming

(1) no additional accruals, (2) experience is in line with demographic assumptions, and (3) no new entrants

are covered by the Plan. The benefit payments reflect the plan of benefits used for the January 1, 2016

valuation.

Plan Year

Expected Annual 

Benefit Payments

2016 $ 11,767,213

2017 $ 11,504,884

2018 $ 11,273,963

2019 $ 11,035,952

2020 $ 10,791,020

2021 $ 10,622,937

2022 $ 10,382,344

2023 $ 10,139,550

2024 $ 9,892,041

2025 $ 9,610,841

2026 $ 9,441,322

Ironworkers Local Union No. 16 Pension Plan

Attachment F to 2016 Schedule MB of Form 5500

Schedule MB, Line 8b(1) - Schedule of Projection of Expected Benefit Payments

EIN: 52-6148924 / Plan Number: 001

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Exhibit 7.08 (Checklist Item #39)

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Exhibit 7.08 (Checklist Item #39)

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IW16-0321






APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

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1 

IRONWORKERS LOCAL UNION NO. 16 PENSION FUND 

2016 REHABILITATION PLAN 

Revised effective January 1, 2016 

Introduction 

The Pension Protection Act of 2006 (“PPA”) requires the Trustees of a multiemployer pension 

plan that has been certified by the plan’s actuary as being in critical status to develop a 

Rehabilitation Plan. 

On March 16, 2012, the Ironworkers Local Union No. 16 Pension Fund (“Fund” or “Plan”) was 

certified by its Actuary to be in Critical Status for the Plan Year beginning January 1, 2012, 

pursuant to Internal Revenue Code (“IRC”) Section 432(b)(3)(A) and ERISA Section 

305(b)(3)(A). On March 29, 2013 and March 28, 2014, the Plan was certified to be in Critical 

Status for the Plan Years beginning January 1, 2013 and January 1, 2014, respectively. On 

March 30, 2015 and March 18, 2016, the Plan was certified to be in Critical and Declining Status 

for the Plan Year beginning January 1, 2015 and January 1, 2016, respectively. Notice of the 

Fund’s status for January 1, 2016 will be provided to the bargaining parties, employers, 

participants and beneficiaries, Pension Benefit Guaranty Corporation and the Secretary of Labor 

on or about April 15, 2016 pursuant to IRC Section 432(b)(3)(D) and ERISA Section 

305(b)(3)(D). 

Rehabilitation Plan 

A Rehabilitation Plan must prescribe actions, including recommended actions to be taken by the 

bargaining parties that are expected to enable a plan to meet stated annual standards and emerge 

from critical status by the end of the Rehabilitation Period, based on reasonably anticipated 

experience and on reasonable actuarial assumptions. 

If it is determined, based on reasonable actuarial assumptions and upon exhaustion of all 

reasonable measures, that the Plan cannot reasonably be expected to emerge from critical status 

by the end of the Rehabilitation Period, the Rehabilitation Plan must contain reasonable 

measures to emerge from critical status at a later time or to forestall possible insolvency. 

In 2012, the Fund, through its plan sponsor – the Board of Trustees - adopted a Rehabilitation 

Plan (“2012 Rehabilitation Plan”) that contained three schedules providing reductions in 

benefits, increases in contributions or both, that were reasonably expected to enable the Plan to 

emerge from critical status at the end of the Rehabilitation Period (10-year period beginning on 

January 1, 2013). The bargaining parties agreed to adopt Schedule 3, the recommended 

alternative schedule. The Rehabilitation Plan was updated effective September 1, 2013, June 1, 

2014, October 1, 2015 and January 1, 2016 to reflect additional reductions in benefits and 

changes in future contribution rates. This document (“2016 Rehabilitation Plan”) represents the 

fourth revision to this Plan. 

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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Rehabilitation Period 

The Rehabilitation Period is the 10-year period beginning January 1, 2013 and ending 

December 31, 2022. 

If the Fund Actuary certifies before the end of this period that the Fund is no longer in critical 

status before the end of the 10-year Rehabilitation Period, the period shall end with the plan year 

preceding the plan year for which the certification is made. The Fund Actuary must certify that 

the Fund is not projected to have an accumulated funding deficiency for the plan year or any of 

the 9 succeeding plan years, without regard to the use of the shortfall method but taking into 

account any extension of amortization periods under IRC Section 431(d). 

Annual Updating of Rehabilitation Plan 

Each year the Fund Actuary will review and certify the status of the Fund under the PPA funding 

rules and whether the Fund is making the scheduled progress toward the requirement of 

emerging from critical status by the end of the Rehabilitation Period. If the Board of Trustees 

determines that it is necessary in light of updated information, they will revise the Rehabilitation 

Plan and the schedules. Notwithstanding subsequent changes in contribution schedules, a 

schedule of contribution rates provided by the Board of Trustees and relied upon by the 

bargaining parties in negotiating a collective bargaining agreement shall remain in effect for the 

duration of that collective bargaining agreement. 

On March 28, 2014, the Fund Actuary certified that the Plan was in Critical Status for the Plan 

Year beginning January 1, 2014. At their March 20, 2014 meeting, the Board of Trustees 

determined that, based on current and anticipated economic conditions and industry outlook, the 

scheduled contribution rates in the 2013 Rehabilitation Plan would no longer be sustainable. 

Accordingly, the Board of Trustees took action to update the 2013 Rehabilitation Plan. The 

2014 Rehabilitation Plan was finalized at the June 12, 2014 Board of Trustees meeting. 

On March 30, 2015, the Fund Actuary certified that the Plan was in Critical and Declining Status 

for the Plan Year beginning January 1, 2015. At their May 5, 2015 meeting, the Trustees 

determined that, based on reasonable actuarial assumptions and upon exhaustion of all 

reasonable measures, it would be unreasonable to conclude that the Fund would emerge from 

Critical Status. The Trustees reached this conclusion after consulting with the Fund’s Actuary, 

and taking into account the economic condition of the building and construction industry covered 

by the Fund. In reaching this conclusion, the Fund’s Trustees considered the near-impossibility 

of emerging from Critical Status at the end of the 10-year rehabilitation period in view of the 

significant investment losses suffered by the Fund over the 2008 plan year and compounded by 

the immense decrease in hours of covered employment. The collapse of the building and 

construction industry in the Baltimore metropolitan and surrounding areas started with the 

collapse of the financial markets in 2008 and the industry continued to worsen after that date. 

The Fund experienced over 60% decline in hours reported to it by its contributing employers 

from 2008 to 2014. In addition, the magnitude of the employer contribution increases needed to 

satisfy the requirements for a 10-year rehabilitation plan would almost certainly result in lower 

negotiated wages for participants and/or decreased employer contributions to other benefit plans 

covering these participants (such as the plan providing their health benefit coverage). If 

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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participants perceive a significant decrease in value in their total overall compensation—

including wages, pension benefits and health benefits—the Fund’s Trustees concluded that they 

would be likely to look for other work with non-contributing employers or encourage their 

employers to withdraw from the Fund. Thus, the Fund’s Trustees concluded that a further 

reduction in benefits would be inconsistent with the goal of presenting a viable plan with 

ongoing value to active participants. Such action could also lead to increased employer 

withdrawals or reductions in contributions, as the collective bargaining parties would see less 

benefit to ongoing participation. Accordingly, the Board of Trustees took action to update the 

2014 Rehabilitation Plan to reflect the objective of delaying any plan insolvency so that potential 

improvements in investment return or other material events, including further applicable 

legislative reforms, can provide an opportunity for the Fund to survive and continue to provide 

its promised benefits to its participants. The 2015 Rehabilitation Plan was finalized and 

approved by the Trustees on September 22, 2015. 

The Board of Trustees agreed on additional reductions in adjustable benefits at their 

November 20, 2015 meeting. The 2016 Rehabilitation Plan was finalized and approved at the 

March 15, 2016 Board of Trustees meeting to reflect these reductions. On March 18, 2016, the 

Fund Actuary certified that the Plan was in Critical and Declining Status for the Plan Year 

beginning January 1, 2016, despite these reductions in adjustable benefits. 

Schedules 

The Rehabilitation Plan must contain schedules of plan changes and/or contribution changes that 

if adopted by the bargaining parties, are projected to enable the Plan to meet certain annual 

standards and enable the Plan to emerge from critical status in accordance with the Rehabilitation 

Plan, by the end of the Rehabilitation Period. Pursuant to the IRC Section 432(e), the 

Rehabilitation Plan must include one or more schedules with revised benefit structures, revised 

contributions or both which, if adopted, may reasonably be expected to enable the Plan to 

emerge from critical status in the period of time permitted by law. 

In the first year of the Rehabilitation Plan, one schedule must be a “default schedule” that 

identifies reductions in benefits necessary to achieve the applicable benchmarks reduced to the 

maximum extent permitted by law, and only includes those contribution increases necessary, 

after these reductions, to permit the Plan to emerge from critical status on a timely basis. This 

schedule was eliminated in the 2013 Rehabilitation Plan, and has not been included in any of the 

subsequent versions of the Rehabilitation Plan, since the bargaining parties adopted Schedule 3 

in 2012. 

The 2012 Rehabilitation Plan also contained an alternative schedule providing increases in 

contributions necessary to achieve the applicable benchmarks, assuming no amendments 

reducing future benefit accruals under the Plan. This schedule was also eliminated in the 2013 

Rehabilitation Plan, and again has not been included in either the 2014 or 2015 Rehabilitation 

Plan, since the bargaining parties adopted Schedule 3 in 2012. 

The 2012 Rehabilitation Plan also included an additional alternative schedule providing for a 

combination of contribution rates and benefit reductions that could have been adopted by the 

bargaining parties to achieve the applicable benchmarks. In September 2013, this Schedule 3 

was modified by the Board of Trustees as part of the 2013 Rehabilitation Plan and was renamed 

the “Rehabilitation Schedule.” The Rehabilitation Schedule included changes in adjustable 

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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4 

benefits and contribution rates. The bargaining parties adopted a contribution schedule and 

terms for the successor to their collective bargaining agreement, which expired on 

March 31, 2013, consistent with the Rehabilitation Schedule. The Board of Trustees modified 

the 2013 Rehabilitation Plan and its Rehabilitation Schedule on March 20, 2014 and 

June 12, 2014, adopting additional changes to adjustable benefits and future contribution rates. 

This Schedule was further modified on September 22, 2015 to eliminate any future increases in 

contribution rates. This revised Rehabilitation Schedule has been provided to the bargaining 

parties who have adopted the contribution rates set forth in the schedule in their most recent 

collective bargaining agreement, which is a three-year agreement expiring on March 31, 2017. 

Additional changes to adjustable benefits were added to the Schedule effective January 1, 2016. 

These changes included elimination of a post-retirement lump sum death benefit and increased 

reductions for early retirement. 

Rules for Operation of the Plan During the Rehabilitation Period

During the Rehabilitation Period, the Plan may not be amended in any way that: (a) is 

inconsistent with the Rehabilitation Plan; or (2) increases benefits, including future benefit 

accruals, unless the Fund Actuary certifies that such increase is paid for out of additional 

contributions not contemplated by the Rehabilitation Plan, and, after taking into account the 

benefit increase, the plan still is reasonably expected to emerge from critical status by the end of 

the rehabilitation period on the schedule contemplated in the Rehabilitation Plan. 

Restrictions on Lump Sum and Similar Benefits 

Once the notice of the Fund Actuary’s certification of critical status is sent, the Plan shall not pay 

any amount in excess of the monthly amount paid under a single life annuity whose annuity 

starting date if after the date such notice is sent, except that small amount lump sum payments 

distributable without the permission of the participant and retroactive annuity starting date 

payments are permitted. 

By motion duly adopted, the Board of Trustees of the Ironworkers Local Union No. 16 Pension 

Fund on the 15th day of March, 2016, hereby adopts this 2016 Rehabilitation Plan, including the 

Rehabilitation Schedule attached hereto. 

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

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 Exhibit 7.08 (Checklist Item #39)

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5 

Ironworkers Local Union No. 16 Pension Fund 

Rehabilitation Plan 

For Plan Year January 1, 2016 

REHABILITATION SCHEDULE 

(Formerly Alternative Schedule 3, 

Revised effective September 1, 2013 

Revised effective April 1, 2014 

Revised effective October 1, 2015 

Revised effective January 1, 2016) 

This Schedule provides for a combination of benefit reductions and contribution increases as 

follows. These adjustments are effective on and for the dates identified below: 

Change the Service Pension for certain Participants Retiring between January 1, 2014 and 

June 30, 2014 as follows: 

o A Participant who, on or before May 31, 2012 and with regard to his Hours Bank 

as of that date, has not earned at least twenty-five (25) years of Service Credit, 

will be eligible for a Service Pension when he or she earns at least thirty (30) 

years of Service Credits and reaches the age of fifty-seven (57) years or older. If 

the Participant is age fifty-five (55) or fifty-six (56) and earned at least thirty (30) 

years of Service Credit on his benefit Effective Date, he shall be entitled to a 

Reduced Service Pension. The Reduced Service Pension will be reduced by onehalf of 1% for each month (6% per year) that retirement precedes age fifty-seven 

(57), as follows: 

Service Pension as Percent of Normal Retirement Pension 

Retirement 

Age 

Retire on or before 

December 31, 2013 

Retire after 

December 31, 2013 but 

before July 1, 2014 

55 100% 88% 

56 100% 94% 

57 100% 100% 

58-65 100% 100% 

Change the Service Pension for certain Participants Retiring on or after July 1, 2014 as 

follows: 

o A Participant who, on or before May 31, 2012 and with regard to his Hours Bank 

as of that date, has not earned at least twenty-five (25) years of Service Credit, 

will be eligible for a Service Pension when he or she earns at least thirty (30) 

years of Service Credits and reaches the age of sixty (60) or older. If the 

Participant is between the ages of fifty-five (55) and sixty (60) and earned at least 

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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thirty (30) years of Service Credit on his benefit Effective Date, he shall be 

entitled to a Reduced Service Pension. The Reduced Service Pension will be 

reduced by one-half of 1% for each month (6% per year) that retirement precedes 

age sixty (60), as follows: 

Service Pension as Percent of Normal Retirement Pension 

Retirement 

Age 

Retire after 

December 31, 2013 but 

before July 1, 2014 

Retire on or 

After July 1, 2014 

55 88% 70% 

56 94% 76% 

57 100% 82% 

58 100% 88% 

59 100% 94% 

60-65 100% 100% 

Change the Service Pension for certain Participants Retiring on or after January 1, 2016 

as follows: 

o A Participant who, on or before May 31, 2012 and with regard to his Hours Bank 

as of that date, has earned at least twenty-five (25) years of Service Credit, will be 

eligible for a Service Pension at any age, provided that his benefit will be reduced 

2% per year that retirement precedes age 60, but no more than 10% in total. 

Participants retiring prior to January 1, 2016 received an unreduced benefit. 

Increase the early retirement reduction for active and terminated Participants not eligible 

for a Service Pension and retiring on or after January 1, 2016 from 6% per year to 6 2/3% 

per year that retirement precedes the normal retirement age; 

Reduce the benefit credit awarded for Service Credits earned prior to January 1, 2006 

from $90.00 to $87.00 for Service Credits up to 25 years, and from $120 to $116 for 

Service Credits in excess of 25 years for all Participants (including pensioners and 

beneficiaries who became such between January 1, 2008 and June 1, 2012); 

Reduce the benefit credit awarded for Service Credit earned between June 1, 2012 and 

December 31, 2014 from $94 to $88.50 for each such year of Service Credit; 

Reduce the benefit credit awarded for all Service Credit earned on or after January 1, 

2015 from $88.50 to $50.00 of each such year of Service Credit; 

For Plan Years beginning January 1, 2015, a Participant must work 1600 hours in Covered 

Employment to earn one year of Service Credit. A Participant working less than 1600 hours 

in a calendar year shall earn Service Credit on the following basis providing the Participant 

works at least 400 hours: 

1200 - 1599 hours ....................... three quarters 

800 - 1199 hours......................... two quarters 

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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7 

400 - 799 hours ........................... one quarter 

Less than 400 hours .................... no quarters 

Reduce the amount of the thirteenth benefit payment payable in January 2013 to the 

lesser of (1) the amount of his or her current monthly benefit payment, or (2) $1,000 for 

any pensioner or beneficiary who first became a pensioner or beneficiary in 2008 or 

2009. Eliminate the thirteenth benefit payment for payment dates after January 2013 for 

any pensioner or beneficiary who first became a pensioner or beneficiary in 2008 or 

2009; 

Change the normal form of payment for unmarried participants from a Single Life 

Pension with a Sixty (60) Month Guarantee to a Single Life Pension (without any 

guaranteed payments). In addition, change the benefits payable under the plan’s optional 

forms of payment to be actuarially equivalent to the Single Life Pension (without any 

guaranteed payments); 

Eliminate the lump sum options with respect to all pension benefits effective for those 

individuals retiring on or after March 23, 2012; 

Eliminate the Disability Pension (Regular and Alternative) for Participants that become 

totally and permanently disabled on or after January 1, 2014. To be entitled to a 

Disability Pension, a Participant must have become totally and permanently disabled 

prior to January 1, 2014, and have met all other eligibility requirements for a Disability 

Pension prior to that date; 

Eliminate the lump sum death benefit of $1,500 for deaths occurring after 

December 31, 2015; and 

Increase the hourly contribution rate to the Fund as follows: 

o From $8.70 per hour to $9.20 per hour effective June 1, 2014, and 

o From $9.20 per hour to $9.70 per hour effective April 1, 2015. 

o No further increases beyond April 1, 2015 are anticipated. 

In light of the Multiemployer Pension Reform Act of 2014 (MPRA), enacted on December 16, 

2014, the Trustees are planning on submitting an application to the U.S. Treasury in late March 

2016 with proposed suspension of benefits for certain participants, as allowed for under MPRA, 

to provide the Fund with the best opportunity, given the current projections, to avoid future 

insolvency. 

242673_1 

APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Exhibit 7.08 (Checklist Item #39)

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

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 Excerpts from Government Filings

IW16-0353
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0354
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0355
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0356
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0357
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0358
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0359
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0360
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0361
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0362
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0363
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0364
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0365
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0366
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0367
APPLICATION FOR APPROVAL OF A PROPOSED SUSPENSION OF BENEFITS UNDER

 IRONWORKERS LOCAL UNION 16 PENSION FUND

 EIN/PN: 52-6148924 / 001

 Exhibit 7.08 (Checklist Item #39)

 Excerpts from Government Filings

IW16-0368