January 27, 2017 

Board of Trustees 

DEPARTMENT OF THE TREASURY 

WASHINGTON, D.C. 20220 

2350 Euclid Avenue, Room 150 

Cleveland, OH 44115 

Re: Iron Workers Local 17 Pension Fund (Plan) Final Authorization to Suspend Benefits 

Dear Mr. Jordan and Ms. Pofok: 

On December 16, 2016, Treasury informed you that your application (Application) to suspend 

benefits under the Plan, which was filed on July 29, 2016 with the Secretary of the Treasury 

(Treasury), had been approved. This approval was based on Treasury's determination that the 

Plan is eligible to suspend benefits under section 432(e)(9) of the Internal Revenue Code (Code), 

as amended by the Multiemployer Pension Reform Act of 2014 (MPRA), 

1 and that your 

proposal to suspend benefits as set fmth in the Application satisfies the criteria of subparagraphs 

(C), (D), (E), and (F) of Code section 432(e)(9). 

As required by MPRA, Treasury conducted a vote of eligible Plan participants and beneficiaries 

to approve or reject your benefit suspension. This vote concluded at 5:00 p.m. EST on Friday, 

January 20, 2017. Pursuant to Code section 432(e)(9)(H)(ii), your proposed suspension of 

benefits must go into effect following the vote unless a majority of all participants and 

beneficiaries of the Plan vote to reject the suspension. A majority of eligible voters did not vote 

to reject your benefit suspension. Of the 936 votes cast, 616 voted in favor of the benefit 

suspension, and 320 voted against the benefit suspension. Accordingly, this letter serves as final 

authorization to suspend benefits under the Plan as described in the Application, subject to the 

conditions described below. 2 A ce1tification of the election results is attached to this letter. 

This authorization to suspend benefits is conditioned on the Plan's continuing compliance with 

subparagraphs (C) and (E) of Code section 432(e)(9) and the implementing regulations. Under 

Section 432(e)(9)(C) and the implementing regulations, after the suspension goes into effect, the 

Plan sponsor must make an annual determination that all reasonable measures to avoid 

insolvency have been and continue to be taken, and that the Plan is projected to become 

insolvent unless the suspension continues.3 The Plan must maintain a written record of the 

annual dete1minations, and this record must describe the Plan sponsor's consideration of factors 

used to determine whether all reasonable measures have been and continue to be taken to avoid 

1 All citations to MPRA in this letter refer only to the Code. However, Treasury's determinations have been made 

under both the Code.and the parallel MPRA amendments that were made to section 305 of the Employee Retirement 

Income Security Act of 1974. 

2 Note that this letter is not a determination that the Plan or any amendment to the Plan satisfies the requirements of 

Code section 40 I (a). 3 26 C.F.R. § I .432(e)(9)-l(c)(4). 
insolvency. If the Plan fails to satisfy the annual plan sponsor dete1mination requirement for a 

plan year (including maintaining the written record), then the suspension of benefits will cease to 

be in effect beginning as of the first day of the next plan year.4 Code section 432(e)(9)(E) 

includes rules that apply to any benefit improvements that are made to the Plan during the period 

that the benefit suspension remains in effect. 

This letter will be made public by Treasury in order to inform Plan participants and beneficiaries 

of the outcome of the vote and the final authorization of your benefit suspension. 

Please contact Treasury staff if you have any questions regarding the above information. 

Sine~ /.¥5 

Kenneth Feinberg 

Special Master for Implementation of MPRA 

Attachment: Certification of Election Results 

4 26 C.F.R. § I .432(e)(9)-l(c)(5). 
Iron Workers Local 17 Pension Fund 

Certification of Participant Vote Results 

I hereby certify the following results of the vote on the proposed benefit suspension described in the 

application submitted by the Board of Trustees for the Iron Workers Local 17 Pension Fund: 

1. Eligible voters who could be located using reasonable means: 1938 

2. Total ballots cast: 936 

3. Ballots cast in favor of the suspension: 616 

4. Ballots cast against the suspension: 320 

5. Ballots cast against the suspension as a percentage of eligible voters who could be located 

using reasonable means: 16.51% 

DATE: January Z5._, 2017