Ol'icklayers & Allied ·ufl~ n Local 1'\o. 7 Pension Plan 

Chccldist Hem #09 

Does the application include n dcmonstrmion that the limitations 011 individual suspensions are 

su i~ fi d, including calcul ations regarding: 

• the guarantee-bused limitmion; 

• the disnhi ity ba e< ll imit uti n; and 

• the age-based limitation'/ 

Sec section 4.0 I. 

Documents 9.1 and 9.2 provide illustrations thnt the proposed suspension sotiSfiC$ the st:nutory 

limitations described in§ 432(c)(9)(D)(i), (ii), anrl {iii). 

9. 1 
4.fl I Ocmoostrutioo that Limitations on Individual Suspensions Arc Sntlsficcl 

Oocu mcnt 9, I 

Demonstral'lons that the Limitutions un 

Individual Suspensions Arc Satisfied 

The l:bllowing c:tfcuhttions illustn\lt: how the proposed suspension sat is li e~ ~ 1 r 0% of 

r>BGC guarantee limitation, the age-bused limitation, and the disability-bused limitntion, as 

eswhlishcd under ~ 432(e)(9)(Dl(i), (ii), nnd (iii}, rCS(ll!ctivdy. In arti, ul~ r. the propvscd 

Splln n does not reduce or cftangc the hcncl1 l ol' any patticipaut or bcncl'icimy whose benefit 

nmount is less than I I 0% of the PBGC guurdntec. In addition, the pt·oposccl Mtspcnsion docs not 

ancct any panicipant or beoeticiary who will be ogc KO or older us or May I, 20 17. the proposed 

clli:ctive date. Lnstly, the proposed suspension does not affect any participant or bcncficinry that 

wns nwnrdcd a disability benefit under the Pension Plan. 

Applicution of the limihllion provisions is based on the total benefit payable to the 

pm1icipnnt or beneficinry. llo,vcvcr. if the benefit is allocated under the terms of o qualified 

dt1mestic relations order (QDRO), then the dctcnnination whether the gunrnntccd level is based on 

the toltll benefit payable prit>r to ullocution ur Ill tlw individual benefit pnyahlo t<1 the participant 

as soptu·utl! from his nr her Hll.cmutu pn ~U will depend on tile m~(>(' the QDRO. Ucncrnlly, it' 

the QDRO prov e~ the ulternute puycc n shared interest with the participant. then the participant's 

total bentfit is used for purposes of determining the uarante~d amount <IS of Mny I, 20 17, the 

et'l'cctiveclatcofthe proposed suspension. II' the QDRO provides R scpnratc interest for the nlternate 

pnycc, then the ohcmatc payee's scpuralu hcnlllit level is used to dctcnninc the guaranteed amount 

as of the effective date. 

Similorly, in the event that the agc-bnsocl limitation applies to a participnnt or hcnelkiary 

thur hns n QDRO, then the type of QDRO will tletennine whether the Pension Plan uses tho 

participant's or alternate p:lyct!s asc. If the QDRO provides the alternate payee a shnr~-d intcre~t 

with the participant, then tlte participant's age is used for purposes ol' cletcnnining the age as of the 

proposed suspension's etrective date. Alt crnotively, i f the QDRO pruvidcs u scpnrntc ntc e~t lor 

the ullcnllltc payee, t11cn the altcmatc payee's ugu is s~d to determine the opplicntion ol' the agebased limitation. 

The application of the ngc-bnscd litniunion fo1· to parti<.:ipunt who elected n joint and 

survivor benefit nlso is based on the age of the participant as of the efl'ective dntc of the proposed 

suspension, unless he or she is ~-ccase , in whi ch CllSC the surviving >o sc·~ age is used to 

determine the application of the g~- a.scd limitation. 

See the following pages for illustrations demnnstmting that proposed suspcn~inn sutislkos 

the nbovc-mcmioned statutory lin1Uotinns. 

Q.2 
Sec Lite lt>II\Jw ing J>nges. 

llucu m\mt 9.2 

Illustrations 
Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item #09 

Illustration ffl 

Participant Category: QDRO In Payment Age 75-80 

Accrual Category: All years at 3.3" 

Oate of birth 

Oa te of retirement 

Age at retirement date 

Age at suspension date 

Current monthly benefit 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC gutuantood nccrual ra te 

PBGC guaranlced ben~fit 

110% of PBGC guaranteed benefit 

Calculation of M onthly llenefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Early retirement reduction factor 

Joint and survivor reduction factor 

Benefit prior to age-based limitation 

Age-Based Limitation 

Greater of 110% of PSGC or proposed suspension 

Months from age 80 (at suspension date) 

Benefits after age·based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Appli ca ble Federal Limitations 

Disability limit? 

110% of PBGC guaranteed limit? 

Age-based limit? 

Notes: Service and contributions shown are after adjustment for QDRO 

9.4 

8/24/1939 

9/l/1999 

60 years 0 months 

77 years 9 months 

$596.04 

5677.32 

16.13 

lifetime annuity 

$36.95 

30 .46 

$491.39 

$540.53 

$19,543.02 

$254.06 

88.00% 

100.00% 

$223.57 

$540.53 

27 

$571.06 

$S71.06 

No 

Yes 

Yes 
Bricklayers & Allied Craftsmen Local No.7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Are Satisfied 

Checklist Item #09 

Illustration "2 

Participant Category: Retiree Over Age 80 

Accrual C<1tegory: Retired before S/l/1996 

Date of birth 

D•tu of retirement 

Age at retirement date 

Age at suspension date 

Current monthly ~ne it 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of p~nsio n 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PllGC auManteed ccr l ra te 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total nccruild contribution 

1.3% of total accrued contribution 

Early retirement reduction factor 

Joint and survivo•· reduction factor 

Oenefit prior to age-based iimit<Hion 

AgC·Based Limitation 

Greater of 110% or PBGC or proposed suspension 

Months from age 80 (at suspension date) 

Benefits after age-based limitation 

Final M onthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

Disability limit? 

110% of PBGC guaranteed limit? 

Auc based lirnit? 

9.5 

12/31/1931 

1/1/1994 

62 years 0 months 

85 years S months 

$579.30 

$579.30 

13.00 

joint & 50& survivor 

$44.5G 

35.75 

$464.75 

$511.23 

$17,989.82 

$233.87 

10000% 

100.00% 

$233.87 

$511.23 

0 

$579.30 

$579.30 

No 

No 

Yes 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item no9 

Illustration U3 

Participant Category: Retiree Under Age 

Accrual Category: All years at 3.3% 

Date of birth 

Date of retirement 

Age at retltement date 

Age at 1e si nn date 

Current monthly benefit 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credit s 

PBGC guar~nteed accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Ca lculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

(arly retirement reduction factor 

Joint and survivor reduction factor 

Benefit prior to age-based limitation 

Age·B3scd Limitation 

Greater of 110% of PBGC or proposed suspension 

Months from age BO (at suspension date) 

Benefits after age·based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

2/l0/1948 

4/1/2012 

64 years 1 months 

69 years 3 months 

$496.63 

$496.63 

16.00 

lifetime annuity 

$31.04 

26.03 

$416.47 

$458.12. 

$15,290.23 

$198.77 

100.00% 

100.00% 

$198.77 

$458.12 

129 

$~58.12 

$458.12 

Olsability limit? No 

110% of PBGC guaranteed limit? Yes 

Age-based limit' No 

9.6 
Bricklayers & Allied Ctartsrncn local No.7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Are Satisfied 

Checklist Item 1109 

Illustration #4 

Participant Category: Retiree Age 75·80 

Accrual Category: All years at 3.3% 

Date of b~rth 

Date ol' retirement 

Age at retirement date 

Age at suspension date 

Current monthly benefit 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pens, on 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guarant ~d dccrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Tota accrued contribution 

1.3% of total accrued contribution 

Early retirement reduction factor 

Joint and survivor reduction factor 

l:lenefit prior to asf!·based limita tion 

Age· Based Limitation 

Greater of 110% of PBGC or proposed suspens1on 

Months from age 80 (at suspension date) 

Benefits alter age·based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Appllcabln Federal Limitations 

9/3/1938 

10/1/2000 

62 years 0 months 

78 years 8 months 

$442.57 

$515.37 

11.00 

joint & 50% survivor 

$40.23 

32.93 

$362.18 

$398.'10 

$15,526.38 

$201 8~ 

100.00% 

85.87% 

$173.33 

$398.40 

16 

$430.79 

$430.79 

Disability limit? No 

110% of PBGC guaranteed limit? Yes 

Age-based limit? Yes 

9.7 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Are Satisfied 

Checklist Item #09 

Illustration 115 

Participant Category: Disability 

Accrual Category: All years at 3.3% 

Date of birth 

Date of retirement 

Age at retirement date (early retirement conversion date) 

Age at suspension dale 

Current monthly benefit 

Total accrued benefot pdyable at normal retirement age 

Oisabilily based benefit 

Total b(!nefit credits 

Type of pension 

Form of pension 

C~lcu at ion of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

UO% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Early retirement reduction factor 

Joint and survivor rllduction factor 

Beneht prior to age-based limitation 

Age-Based limitation 

Greater of 110% of PBGC or proposed suspension 

Month~ from age 80 (at suspension date) 

Benefits after age-based limitation 

Final M onthly Benefit under Proposed Suspension 

Summ•ry of Applicable Federal limitations 

sn/I95s 

12/1/2009 

57 years 11 months 

58 yeors 9 months 

$1,285.95 

$!,818 .60 

$1,273.02 

16.00 

Disability 

lifetime annuity 

$80.37 

35.75 

$572.00 

$629.20 

$59,550.60 

$77 16 

71.4 3% 

100.00% 

$553.00 

$629.20 

255 

$629.20 

$1,273.02 

Disabihty limit? Yes 

l10o/o of POGC guaranteed lirn it7 No 

Age-based limit? No 

9.8 
Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Aro Satisfied 

Checklist Item #09 

Illustration 116 

Participant category: Retiree Under Age 75 

Accrual Category: All years at 4.1% 

Date of birth 

Oat e of retirement 

Age at retirement date 

Age at suspension date 

Current monthly beneflt 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

i>BGC f!\lltranteecl accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Early retirement reduction factor 

Joint and survivor rcciuction factor 

Benefit prior to age·based limitation 

Age-Based Umitatlon 

Greatar of 110% of P6GC or proposed suspenston 

Months from ~ge 80 (at suspension date) 

Benefits after age·basecllirnltallon 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

Disability limit? 

110% of PBGC guaranteed limit? 

Age· based limit? 

9.9 

4/8/1946 

10/1/2004 

58 vears 5 momhs 

71 years 1 months 

$1,584.&8 

$2,074.98 

24.00 

joint & 50% ~urv vor 

$66.03 

35.75 

$858.00 

$943.80 

$69,589.83 

$904.67 

85.81% 

89.00% 

$690.90 

$943.80 

107 

$943.80 

$9H.80 

No 

Yes 

No 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Arr Satisfied 

Checklist Item U09 

Illustration 117 

Participant Category: Retiree Age 75·80 Receiving life Annuity 

Accru,l l Category: All years at 4.1% 

oat~ of birth 

Date of retirement 

Age at retlreme11t date 

ge ~~ suspension date 

Current monthly benefit 

Total accrued benerit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/ benefit credits 

PBGC guaranteed accrual rate 

P6GC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrut'd contribution 

Early retirement reduction factor 

Joint and survivor reduction factor 

Benefit prior to age·bascd limitation 

Age·Bascd limitation 

Greater of 110% of I)BGC or proposed suspension 

M ont hs fro111 age 80 (at suspension date) 

Benefits after age-based limitation 

Final M onthly Benefit under Proposed Suspension 

Summary ol Applicable Federal limitations 

11/9/1937 

1/1/2002 

64 years l. months 

79 years 6 months 

$1,918 97 

$2,206.57 

27.00 

joint & 50% survivor 

$71.07 

35.75 

$965.25 

$1,06l.78 

553,310.71 

$693.04 

100.00% 

86.97% 

$602.71 

$1,061.78 

6 

$1,833.25 

$1,833.25 

Disability limit? No 

110% of PBGC guaranteed limit? Y~\ 

Age· based limit? Yes 

9. 10 
Bricklayers & Allied Craftsmen Local No.7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Aro Satisfied 

Checklist Item #09 

Illustration US 

Participant Category: Retiree Age 7S-80 

Accrual Category: All years at 4.1% 

Date of btrth 

Date of retirement 

Age at retirement date 

Age at suspension dote 

Current monthly benefit 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly bencfit/bcnefll cmdits 

POGC guaranteed accrual rate 

PDGC guaranteed benefit 

110% of P8GC guaranteed benelot 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.396 of total accrued contribution 

Early retirement reduction factor 

Joint and survivor reduction factor 

Benefit prior to age· based limitation 

Age-Ba.sed limitation 

Greuter of 110% of PBGC or proposed suspensio11 

Months from age 80 (at suspension elate) 

Benefits after age-based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

7/2/1938 

8/1/2000 

62 years 0 months 

78 years 10 months 

$3,905.45 

$4,566.82 

31.00 

joint & SO% survivor 

$125.98 

35.75 

$1,108.25 

$1,219.08 

$111,254.48 

$1,446.31 

100.00% 

85.52% 

$1,236.85 

$1,236.85 

14 

$3,278.63 

$3,278.63 

Disability limit? No 

UO% of PBGC guaranteed limit? No 

Age·basecl limot? Yes 

9. 11 
Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item #09 

Illustration 119 

Participant Category: Ahernate Payee Under Age 75 

Accrual Category: All years at 4.1% 

Date of birth 

Date of rc toremell\ 

Age at retirement date 

Age at suspension date 

Current monthly benefit 

Total accrued ~nefit payable at normal retirement age 

Total benefit credit5 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefi t credits 

PBGC guarante1:d ~cc ua l rate 

PBGC uor~ ced benefit 

110% of PSGC guaranteed benefit 

Calculation of M onthly Benefit u nder Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Early retirement reduction factor (pallitipal1t age) 

Additional early retlrernc•)t adJustmcn1 AP age 

Optional reduction factor 

Benefit prio r to age·based limitation 

Ace-Based Limitation 

Greater olllO% of PBGC or proposed suspension 

Months from age 80 (at suspension date) 

Benefots after aQc·bJSCd limitatio n 

Final Monthly Benefit under Proposed Suspension 

1/17/1949 

5/1/2010 

Gl years 3 months 

68 years 4 months 

$680.53 

$ 772.74 

12.90 

60 month guarantee 

$52.75 

35.75 

$461.18 

$507. 29 

$20,528.75 

$266.87 

89.59% 

92.95% 

98.30% 

$218.46 

$507.29 

140 

$507 29 

$507.29 

Summary of Applicable Federal limitations 

oi,ability limit? No 

110% of PBGC guaranteed limit? Yes 

Age-based hmit7 No 

Notes: Service and contributions shown are after adjustment for QDRO 

9. 12 
Bricklayers & Allied Craftsmen l ocal No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Arc Satisfied 

Checklist Item 1109 

Illustration #10 

Participant Category: Retiree Age 75-80 

Accrual Category: Multiple rates 

Date of birth 

Date of retirement 

Age at retirement dnte 

Age a t SIJspension date 

Current monthly benefit 

Total accrued benef1t payable at normal retirement age 

Total bt•nHfit credits 

Form o f pension 

Calculation of 110% of PBGC Guarant ee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed beneFi t 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% o f to tal accrued contribution 

Earty retirement red uction factor 

Joint and survivor reduction factor 

Benefit prior to age-based limitation 

Age-Based Limitation 

Greater of 110% o l PBGC or proposed suspension 

Months from age 80 (JI suspension date) 

lll s after age· based limrtation 

Final Monthly Benefit under Proposed Suspension 

Summary ol Applica ble Federal limitations 

11/10/1941 

12/1/2003 

62 yea rs 0 momhs 

75 years 6 mo11ths 

$1,696.92 

$1,973.16 

21.00 

join! & 50% survivo r 

$80.81 

35.75 

$750 75 

$825.83 

~~ 50,1. 04 

$652.52 

l!Xl.OO% 

86.00% 

$5ft1 .1.7 

$825.83 

54 

$912.93 

$912.93 

Disability limit? No 

11006 of PBGC guaranteed limit? Yes 

Agc·based limit? Yes 

9. 13 
Bricklayers & Allied Craftsmen LocJI No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Arc Satisfied 

Checklist Item #09 

Illustration #11 

Participant Category: QDRO Under Age 75 

Accrual Category: Multiple rates 

Date of birth 

Date of retirement 

Age at retirement date 

Age at suspension date 

Current monthly benefit 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110" of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

POGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Moruhly Benefit under Proposed Suspension 

Totul a'cru~d contribu tion 

1.3% of total accrued contribution 

Early retirement reduction factor 

Joint and survivor reduction factor 

Benefit prior to ogc ba sed limitation 

Age-Based limitation 

Greater of 110% ol PBGC or proposl!d suspension 

Months from age 80 ~t suspension date) 

Benefits after age-based limitation 

Final M onthly Benefit under Proposed Suspension 

Summary of /\pplicablc Federal Limitations 

3/13/1947 

4/1/2009 

62 years 0 months 

70 years 2 months 

$668 84 

S9SS 49 

6.44 

joint & 100% survivor 

$ 103.85 

35.75 

$230.23 

$25325 

$28,396.46 

$369.15 

100.00% 

70.00% 

$258.41 

$258 41 

118 

$258.41 

$258.41 

Disability I mil? No 

110% of PBGC guarante!>d Inn II? No 

llge-based limit? No 

Note~: s~rv ce ~nd contributions shown are after adjustment for QORO 

9. 14 
Bricklayers & All ied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Arc Satisfied 

Checklist Item U09 

Illustration 1112 

Participant Category: Retiree Under Age 75 

Accrual Category: Multiple rates 

Date of birth 

Date of retirement 

Age at re tirement elate 

Ag" a l suspension date 

Current monthly benefit 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

calculation of 110% of PBGC Guarantee 

current monthly benefit/benefit credits 

P6GC g~ rante d accrual rate 

P6GC guaranteed benefit 

110% of PUGC guarantl'ed benefit 

Calculation of M onthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Early retirement reduction factor 

Joint and survivor reduction factor 

Benefit prior ro age-based limitation 

Age-Boscd Limitation 

Greater of 110% of PBGC or proposed suspension 

Months from age 80 (al suspension date} 

Benefits after age-baled limitation 

Final M onthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

6/6/1947 

3/1/2009 

Gl years 8 months 

69 years 11 months 

$1,749.86 

$1,992.64 

21.00 

joint & 50% survivor 

$83.33 

35.75 

$750.75 

$825.83 

$60,808.75 

$790.51 

98.67% 

89.00% 

S69UO 

$825.83 

121 

$825.83 

$825.83 

Disability limit? No 

110% of P6GC suaranteed limit? Yes 

Age-l>ase<l lunit? No 

9.15 
Bricklayers & Allied Craftsmen local No.7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item #09 

Illustration #13 

Participant Category: Retiree Under Age 75 

Accrual Category: Multiple rates 

Date of birth 

Date of re tirement 

Age at retiren1ent date 

Age at suspension date 

Current monthly benefit 

Total accrued benefit payable at noo·mal oetlrement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current moo1thly benefit/benefit it~ 

PBGC c(oaranteed accrual ra te 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Early retirement reduction f•ctor 

Joint and ~urv vor reduction factor 

Benefit prior to age-based limitation 

Age -Based limitation 

Greater of UO% of PBGC or proposed suspension 

Months from age 80 (at suspension date) 

Benefits alter age-based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal limitations 

Disability limit? 

UO'Y. of POGC guaranteed limit? 

Age-based limit? 

9. 16 

11/15/1952 

12/ 1/2009 

57 years 0 months 

64 years 6 months 

$2,348.74 

52,935.93 

17.00 

lifetime annuity 

$138.16 

35.75 

$607.75 

$668.53 

$91,019.73 

$1,183.26 

80.00% 

100.00% 

$946.61 

$946.61 

186 

$946.61 

$946.61 

No 

No 

No 
Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item 1109 

Illustration N14 

Participant Category: BeneflciMy Age 75-80 

Accrual Cat egory: All years at 3.85% 

Date of birth 

Date of retirement 

Age at retirement date 

Age at suspension date 

Current monthly benefit 

Total accrued benefit payable dt normal retirement age (member) 

Total benefit credits 

Form of pen51on (original) 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guar~ntoed accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation or Monthly Benefit under Proposed Su<pension 

Total accrued contribution 

l .. 3% of total accrued contribution 

Early retirement reductJon factor 

Joint and survivor rpduction factor 

Survivor continuation percentage 

BenE!fit prior to age-based lirnit;Hion 

Age-Based Llmitntion 

Greater or 110% of PBGC or proposed suspensoon 

Months from age 80 (at suspension date) 

Benefits after ~ge based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Feder31limitations 

Disability limit? 

110% of P 13GC guaranteed llrnl t? 

Age-based limit? 

9. 17 

7/24/ !')39 

6/1/2015 

62 years 0 months 

77 years 10 months 

51,467.24 

$3,417.19 

29.00 

joint & 50% survivor 

$50.59 

35.75 

$1,036.75 

$1.140.43 

$80,085.78 

$1,041.12 

1()().00% 

85.87% 

SO.OO% 

$447.02 

$1,140.43 

26 

$1,325.62 

$1,325.62 

No 

Yes 

Yes 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Susp1msion 

Demonstration that limitations on Individual Suspensions Are Satisfi ed 

Checklist Item U09 

Illustration IllS 

Part icipant C<ttegory: Retiree Age 75·80 Receiving 

Accrual Category: All years at 4.05% 

Date of birth 

Da te of retirement 

Age at retirement date 

Age at suspension date 

Current monthly benefi t 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly benefrt/benefit credits 

PBGC guaranteed accrudl rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calcu lation of Monthly Bono fit under Proposed Suspension 

Total accrued contribution 

1.3% of totalaccwed contributi on 

E~ y retirement redl!ctior1 factor 

Joint and survivor reduction factor 

Benefit prior lo age-based limitation 

Ace-Based Limitation 

Greater of 110% of PBGC or proposed suspension 

Months from age 80 (at suspension date) 

Benefits fl ~r ~ge-b sed limrtation 

Final M onthly Benefit under Proposed Suspension 

Summary o f Applicable Feder al limitations 

n lsability limit? 

110% of I'BGC guaranteed lrmit7 

Age·bast>d limit? 

9. 18 

1/17/1939 

9/1/1998 

59 years 7 months 

78 years 4 months 

$2,342 .89 

$3,ll0.70 

28.00 

joint & 50% survivor 

$83.&7 

35.75 

$1,00'1 .00 

$1,101.10 

$73.051.16 

$949.67 

8G.OO% 

87.58% 

$715.26 

$1,101.10 

20 

$1,928.96 

$1,928.96 

No 

Yes 

Yes 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Arc SMisficd 

Checklist Item "09 

Illustration "16 

Participant Category: Beneficiary Under Age 75 

Accrual Category: Retiree multiple rates 

Oate of birth 

Date of retirement 

Age at retirement date 

1\ge ill suspension date 

Current monthly benefit 

Total accrued benefit pdy~ble at normal retirement age (membN) 

Total benefit rredits 

Form of pension (original) 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued con tribution 

1.3% of total accrued contribution 

l:.a r'ly retirement reduction factor 

Joint and survivor reduction factor 

Survivor continuation percentage 

Benefit prior to dge-bascd limitation 

Age-Based Limitation 

Greater of 110% of PBGC or proposed suspension 

Months from age 80 (at suspension date) 

H~rr efi s after· age-based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

1/28/1 9<17 

7/1/2005 

60 years 3 months 

70 years 4 months 

$258.71 

$624.20 

1000 

joint & SO% survivor· 

$25.87 

22.15 

$221.53 

$243.69 

$16,183.81 

$210.39 

93.00% 

89.13% 

50.00% 

$87.20 

$243.69 

116 

$243.69 

243.69 

Disability limit? No 

110% of PBGC guaranteed limit? Yes 

Age-based limit? Yes 

9.19 
Bricklayers & Allied Crafumen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limit:1tions on Individual Suspensions Ate Satisfied 

Checklist Item U09 

Illustration U17 

Participant Catcnory: Retiree Under Age 75 

Accrual C<!tegory: All years at 3.3% 

Da te of birth 

Date of retirement 

Age at retirement date 

Age at suspension date 

Current monthly benefit 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Form of pension 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit without late retirement 

Current monthly beneftt/lJeneflt credits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation or Monthly Benefit under Proposed Suspension 

Total acetued contribution 

1.3% of total accrued contribution 

l.ate retirement increase factor 

Joint and survivor reduction factor 

Benefit prior to ~ge·b sed limitation 

Age-Based limitation 

Greater or 110% of PBGC or proposed suspension 

Months from age 80 (at suspension date) 

Benefits after age-based limitation 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

Oi•ability limit? 

110% ol PBGC guaranteed !unit? 

Age-based limit? 

9.20 

12/17/ 1939 

12/1/ 2004 

64 years 11 months 

77 years 5 months 

$327.17 

$283.79 

12.00 

joint & SO% survivor 

$241.23 

$20. 10 

"17.83 

$213.92 

$ 235.31 

$8,599.77 

$111.80 

135.63% 

85.00% 

$128.88 

$235.31 

31 

$279.71 

$279.71 

No 

Yes 

Yes 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item "09 

Illustration #18 

Participant Category: Active, Not Vested 

Accrual Category: All years at 1% 

Date of birth 

Age at suspension date 

Total acCI'ued b~ nQ fi t p~y ble at norma l retirement age 

Total benefit credits 

Calculation of 110% o f PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

110% of PBGC Buaranteed benefit 

Calculation of M onthly Benefit under Proposed Susptlnsion 

Total accrued contribution 

1.3% of tot al accrued contribution 

Greater of 110% of PBGC or Proposed Suspension 

QPSA Reduction Factor 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal limitations 

110% of P8GC guaranteed limit? 

Age·based limit? 

Notes: Service and controbut1ons shown are after adjustment for QDRO 

9.21 

11/13/1971 

45 years 6 months 

$65.78 

3.00 

$21.93 

19.20 

$57.59 

$63.34 

$19,452.73 

$252.89 

$252.89 

1.00 

$65.78 

No 

N/A 
Brlcklaye~ & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item U09 

Illustration 1119 

Participant Category: Active, Vested 

Accrual Category: Multiple rates 

Date ol birth 

Ag" at suspension date 

Total accrued benefit payable at normal retirement age 

Total benefit credits 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

110% of PllGC guaranteed benefit 

C~lc ~tlo n of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Great er of 110% of PBGC or Proposed Suspension 

QPSA Reduction Factor 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal limitiltlons 

110% of PflGC guaranteed limit? 

Age·based limit? 

9.22 

5/22/1960 

56 years 0 months 

$2,104.62 

22.00 

$95.66 

JS 75 

$786.50 

$865.15 

$108,697.91 

$1,413.07 

$1,413.07 

1.00 

$1,413.07 

No 

N/A 
Bricklayers & lli~ d Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Are Satisfied 

Checklist Item i109 

Illustration ff20 

Parti cipant Category: Active, QDRO 

Accrual Category: Multi pin rates 

Date or bi nh 

Age at suspc•n ion date 

Tota l accrued benefit payable at normal re tirement age 

Total benefit cred1ts 

Calculation of 110% of PBGC Guarantee 

Current monthly benefi t/ benefit credits 

PBGC guara•Heed accrua l rate 

PBGC guarantet>d benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benollt under Proposed Suspension 

Total accrued contribution 

QPSA Reduction Factor 

1.3% of total accrued contribution 

Greater of 110% of PBGC or Proposed Suspension 

final Monthly Benefit under Proposed Suspension 

Summary of Appllcablo Fedoral l.imita tions 

110% of PSGC guaranteed limit? 

Age·based limit? 

Notes: Service and contributions shown are after adjustment for QDRO 

9.23 

7/3/1961 

55 yea rs 10 months 

$1.315.79 

13.50 

$97.47 

35 75 

)482.63 

$530.89 

$83.017.69 

0.97 

$1,050.21 

$1,050.22 

$1,050.22 

No 

N/A 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application fo r Benefit Suspension 

Demonstration that l imitations on Individual Suspensions Are Satisfied 

Checklist Item #09 

Illustration #Ill 

Participant Category : Inactive, Not Vested 

Accrual Category: All years at 1% 

Date of birth 

Age at suspension date 

To tal accrued bene fit payable at normal re tirement ag~ 

Total benefit credits 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

110% o f PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Greater of 110% of PBGC or Proposed Suspension 

QPSA Reduction Factor 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Feder al Limitations 

110% of Pl!GC guaran teed limit? 

Age-based limit? 

9.24 

7/27/1978 

38 years 10 months 

$34.13 

2.00 

$17.07 

15.55 

$31.10 

$34.21 

$9,576.10 

$124.49 

$124.49 

1.00 

$34 .13 

No 

N/A 
Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Su>pcnslons fire Satisfied 

ChflCklist Item U09 

Illustration 1122 

Part icipant category: Inactive Vested 

Accrual category: All years at 1% 

Date of birth 

Age at suspension ela te 

Total accrued benefit payable at normal 'C ire nt age 

Total benent credits 

Calculation of 110% of PBGC Guarantee 

Current monthly b<!nefit/benelit credits 

PBGC guaranteed accrual rate 

PSGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Cal ul~ti n of M onthly Benefit under Proposed Suspension 

Total accrued corW ibution 

1.3% of total accrued contribution 

Greater of 110% of PBGC or Proposed Suspension 

QPSA Reduction Factor 

Final M onthly Benefit under Proposed Suspension 

Summary of' Applicable Federal Ll mit~tion s 

6/25/1983 

33 e~ s 1.1 months 

$113.23 

5.00 

$22.65 

19.73 

$98.67 

$108.54 

$32,039.04 

$416.51 

$416.51 

1.00 

$ll3.2.3 

110% of PBGC guaranteed limit? No 

Age-based limit? N/ A 

\1.25 
Bricklayers & Allied Craftsmen Local No.7 Pension l~n 

Application for Benefit Suspension 

Demonstration that llmit~tions on Individual Suspensions Are Sa tisfied 

Checkl ist Item #09 

Illustration #23 

Participant Catecory: Inactive, Vested 

Accrual Category: All years at 3.3% 

Date of birth 

Age at SUSI>ension date 

To tal accru~d b1•n~fit payable at normal retirement age 

Total benefit credits 

calculation o f 110% of PBGC Guarantee 

Current monthly benefit/benefit c.redits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Beneflt under rroposod Suspension 

Total accrued conlrluution 

1.3% of ot~ I accrued con tribution 

Greater of 110% of PBGC or Proposed Suspension 

QPSA Reducllon Factor 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal Llmitatiot'ls 

110% of PBGC guaranteed limit? 

Age-based limit? 

9.26 

1/31/1961 

56 years 4 months 

$876.05 

6.00 

$146.01 

35.75 

S214.SO 

$235.95 

26546.76 

$345.11 

$345.11 

1.00 

$~45.11 

No 

N/A 
Bricklayers & Allied Craftsmen local No.7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Umltatlons on Individual Suspensions Are Satisfied 

Checklist Item n09 

Illustration #24 

PJrticipant Category: Inactive, Vested 

Accrual Category: All years at 3.3" 

Date of birth 

Age at suspe11sioll date 

Total accrued benefit payable at normal rellrcment age 

TotJI benefit credits 

Calculation of 110% o f PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed berefit 

110% of POGC Buaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accruad <Ontribution 

1.3% of total accrued contribution 

Greater of 110% of PDGC or Proposed Suspension 

QPSA Reduction Factor 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicublc Federal limitations 

5/31/1956 

60 years 0 months 

$161.98 

600 

$27.00 

n.oo 

$137.99 

$151.78 

$8,180.07 

$106.34 

$151 78 

1.00 

$151.78 

110')(, or P6GC guaranteed limit? Yes 

Age-based llmil? N/A 

~.27 
Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that Limitations on Individual Suspensions Are Satisfied 

Checklist Item U09 

Illustration 1125 

Participant Category: Inactive, Vested 

Accru~l Category: Inactive all at 4.1% 

Date of birth 

Age at suspension date 

Total accrued bene lit payable at normal retirement age 

Total benefit credits 

calculation of 110% or PBGC Guarantee 

Curren! monthly benefit/benefit credits 

PBGC guaranteed aC(;rual rate 

PBGC guaranteed benefit 

110% ol PBGC guaranteed benefit 

Calcui:Jtion of Monthly Benefit under Proposed Suspension 

Total accrued contribulion 

1.3% or total accrued contribution 

Greater ol 110% of PBGC or Proposed Suspension 

QPSA Reduction Factor 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal Limitations 

llO% of PBGC guaranteed limit? 

Age-based limit? 

9.28 

8/23/1961 

55 years 9 months 

$878.79 

s.oo 

$175.76 

35.75 

$178.75 

$196.63 

$21,433.86 

$278.64 

$278.M 

100 

$278.64 

No 

N/A 
Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Application for Benefit Suspansion 

Demonstration that limitations on Individual SuspensiOn$ Arc Satisfied 

Checklist Item 1109 

Illustration U26 

Participant Category: Inactive, Vested 

Accrual Category: Multiple rate$ 

Date of birth 

Age at suspension dale 

Total accrued benefit payable at normal re tirement age 

Total benefit cred1ts 

Calculation of 110% of PBGC Guarantee 

Current monthly benefit/benefit credits 

PBGC guaranteed accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total accrued contribution 

Greater olllO% of PBGC or Proposed Suspension 

QPSA Reduction Factor 

Final Monthly Benefit under Proposed Suspension 

Summary of Applicable Fed.,ral limitations 

7/31/1957 

59 years l.O months 

$1,353.79 

7.00 

5193.40 

35.75 

$250 25 

$275.28 

$35,560 83 

$462.29 

$462.29 

1.00 

$462.29 

110% of P!lGC ~:u aranteed limit? No 

Age-based limit? N/ A 

9.29 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Ind ividual Suspensions Are Satisfied 

Checklist Item 1109 

lllu•tration U27 

Participant Catego ry: Inactive, Vested 

Accrual category: Multiple rates 

Da te of birth 

Age at suspensio n date 

Total accrued benefit payable at normal retirement age 

Tolal benefit credits 

Calculation of 110% of PBGC Guarantee 

Current monlhly benefit/benefit credits 

r BGC guaranteed accrua l rate 

PBGC gua ranteed benefit 

110% of PBGC guaranteed benefit 

Calculation of Monthly Benefit under Proposed Suspension 

Total accrued contribution 

1.3% of total acaued contribution 

Gre ater of 110% of PBGC o r Proposud Suspension 

QPSA Reductio n Factor 

Fina l Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal limitations 

110% of PBGC cuaranteed limrt? 

Age·based limit? 

9.30 

4/17/1956 

61 years 1 months 

$841.81 

14.00 

$60.13 

35.75 

$500.50 

$550.55 

$22,741.85 

$295.64 

$550.55 

1.00 

ssso.ss 

Yes 

N/A 
Bricklayers & Allied Craftsmen l ocal No.7 Pension Plan 

Application for Benefit Suspension 

Demonstration that limitations on Individual Suspensions Arc Satisfied 

Checklist Item U09 

Illustration U28 

Participant Category: Alternate Payee not in Payment 

Accruol Category: Multiple rates 

Date of birth 

Age at suspension date 

Total accrued benefit payable at normal retiremen t age 

Total belle fit credits 

Calculation of 110% of PBGC Guarantee 

Current mont hly benefit/benefit credits 

PBGC !J ~rn nteed accrual rate 

PBGC guaranteed benefit 

110% of PBGC guaranteed benefit 

Cn ul~tion of M onthly Benefit under Proposed Suspension 

T ota I accrued contribution 

Additional early retirement adjustment AP age 

QPSA Reduction Factor 

1.3% of total accrued contribution 

Greater of 110% of PBGC or Proposed Suspension 

Final Monthly Bene lit <mder Proposed Suspensloll 

Summary of Applicable Federal Limitations 

110% of PBGC guaranteed l11nit? 

A{le·ba•ed limit? 

Notes· Service and contributions shown are after adjustment for QDRO 

9.3 1 

4/25/1972 

45 years 1 months 

$287.58 

5.2~ 

$54.88 

35.75 

$187.33 

$206.06 

$8,543.58 

88.17% 

0.97 

$94.99 

$206.06 

$206.06 

Yes 

N/A 
Bricklayers & Allied Craftsmen local No. 7 Pension Plan 

Application for Benefit Suspension 

Demonstration t hat limitations on Individual Suspensions Are Satisfied 

Checklist Item U09 

Illustration 1129 

Participant Category: Inactive, Ves1ed 

Accrual Category: M ultiple rates 

Date of birth 

Age at suspension date 

Total occrued benefit payable at May 1, 20'17 

Total benefit credits 

Calculation olllO% of PBGC Guarantee 

Current monthly benefit without late retirement 

Current monthly beneOt/benent credits 

PBGC guaranteed accru~ l rate 

PBGC guaranteed benefit 

110% of PBGC guara nteed benefit 

Calculation of M onlhly Benefit under Proposed Suspension 

Total accrued contribution 

Late retirement adjustment 

1.3% of total accrued contribution 

Greater of 110% of PBGC or Proposed Suspension 

QPSA Reduction Factor 

f inal Monthly Benefit under Proposed Suspension 

Summary of Applicable Federal limitations 

110% of PBGC guaranteed llm1t? 

Age-based limit? 

9.32 

10/2/1952 

M years 7 months 

$690.63 

9.00 

$528.~6 

$58.72 

35.75 

$321.75 

$353.93 

$16,301.43 

131% 

$276.95 

$353.93 

100 

$353.93 

Yes 

N/A