International Association of Machinists Motor City Pension Fund

EIN/Plan #: 38-6237143/001

Checklist Item #9 – 4.01 Demonstration that Limitations on Individual Suspensions Satisfied

Does the application include a demonstration that the limitations on individual suspensions are 

satisfied, including calculations regarding: 

• the guarantee-based limitation;

• the disability-based limitation; and

• the age-based limitation?

See section 4.01.

Document 9.1 provides demonstrations that the proposed suspension satisfies the statutory 

limitations described in § 432(e)(9)(D)(i), (ii), and (iii).
International Association of Machinists Motor City Pension Fund

EIN/Plan #: 38-6237143/001

Checklist Item #9 – 4.01 Demonstration that Limitations on Individual Suspensions Satisfied

Document 9.1

Demonstrations that the Limitations on

Individual Suspensions Are Satisfied

The following calculations illustrate how the proposed suspension satisfies the 110% of PBGC 

guarantee limitation, the age-based limitation, and the disability-based limitation, as established 

under Code §432(e)(9)(D)(i), (ii), and (iii), respectively. In particular, the proposed suspension 

does not reduce or change the benefit of any participant or beneficiary whose benefit amount is 

less than 110% of the PBGC guarantee. In addition, the proposed suspension does not affect any 

participant or beneficiary who will be age 80 or older as of January 31, 2018 (the end of the month 

in which the January 1, 2018 effective date of the proposed suspension occurs). Lastly, the 

proposed suspension does not affect any participant that was awarded a disability benefit under 

the Plan.

The proposed suspension does not affect any participant that was awarded a Disability Pension. 

The Plan’s definition of what qualifies as a permanent and total disability, which is required to 

receive a Disability Pension, is explained in Section 1.20 of the plan document. Section 1.20 can 

be found on Checklist Item #36, page 36.10. The service and age requirements for the Plan’s 

Disability Pension is explained in Section 3.04 of the plan document, which can be found on 

Checklist Item #36, page 36.19. Section 3.04 also notes that the Disability Benefit is not payable 

unless the participant was eligible before January 1, 2009. The amount of the Disability Pension 

is explained in Section 4.05 of the plan document, which can be found on Checklist Item #36, 

page 36.22. When the Disability Pension would be payable to a participant is explained in Section 

5.02 of the plan document, which can be found on Checklist Item #36, page 36.32. This Disability 

Pension, which was available through January 1, 2009, had been in place at least back to 1978.

Application of the limitation provisions is based on the total benefit payable to the participant or 

beneficiary. However, if a participant’s benefit is split with an alternate payee under the terms 

of a qualified domestic relations order (QDRO), then the determination of the guaranteed level 

for both parties is based on the terms of the QDRO. Generally, if the QDRO provides the alternate 

payee a shared interest with the participant, then the participant’s total benefit is used for 

purposes of determining the guaranteed amount for both parties. If the QDRO provides a 

separate interest for the alternate payee, then the alternate payee’s separate benefit level is 

used to determine the guaranteed amount. If there are multiple QDROs with multiple alternate 

payees, this determination is made separately with each applicable QDRO.

Similarly, in the event that the age-based limitation applies to a participant that has a QDRO, then 

the type of QDRO will determine whether the Pension Plan uses the participant’s or alternate 

payee’s age. If the QDRO provides the alternate payee a shared interest with the participant, 

then the participant’s age is used for purposes of determining the age as of the proposed 

suspension’s effective date. Alternatively, if the QDRO provides a separate interest for the 

9.1
International Association of Machinists Motor City Pension Fund

EIN/Plan #: 38-6237143/001

Checklist Item #9 – 4.01 Demonstration that Limitations on Individual Suspensions Satisfied

alternate payee, then the alternate payee’s age is used to determine the application of the agebased limitation. If there are multiple QDROs with multiple alternate payees, the determination 

of whose age to use is determined separately with each applicable QDRO.

The application of the age-based limitation for a participant who elected a joint and survivor 

benefit also is based on the age of the participant as of the effective date of the proposed 

suspension, unless he or she is deceased, in which case the surviving spouse’s age is used to 

determine the application of the age-based limitation.

See the following pages for illustrations demonstrating that proposed suspension satisfies the 

above-mentioned statutory limitations. No sample has been provided for a participant who is 

disabled and over age 75 because there are no participants that meet both of these conditions. 

9.2
International Association of Machinists Motor City Pension Fund 

EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #1

Participant Category: QDRO in Payment Age 75-80

Date of birth

Spouse date of birth

Date of retirement

Age at retirement date 66 years 7 months

Age at suspension date 77 years 2 months

Spouse age at suspension date 56 years 8 months

Current monthly benefit

Pop-up benefit if spouse dies first

Spouse benefit if participant dies first

Late factor applied to current monthly benefit

Current monthly benefit, without regard to late factor (LRF)

Pop-up benefit if spouse dies first, w/o regard to LRF

Spouse benefit if participant dies first, w/o regard to LRF

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Pop-up Benefit Survivor Benefit

Monthly benefit/ Benefit Credits 99.86 59.91

PBGC guaranteed accrual rate 35.75 35.75

PBGC guaranteed benefit, current benefit 768.63 768.63

110% of PBGC guaranteed benefit, current benefit 845.49 845.49

Suspension benefit prior to age based limitation 845.49 845.49

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos) 34 34

Benefits after age-based limitation 1582.48 1141.13

Final Monthly Benefit under Proposed Suspension 1582.48 1141.13

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit?

Notes: Service and benefit amounts shown are after adjustment for QDRO

1527.74

11/29/1940

5/29/1961

7/1/2007

2036.99

2546.24

845.49

1.1860

1717.53

2146.91

1288.15

21.50

joint & 75% w pop-up

Current Benefit

79.89

35.75

768.63

Yes

845.49

34

1361.81

1361.81

No

Yes

9.3
International Association of Machinists Motor City Pension Fund 

EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #2

Participant Category: Retiree Over Age 80

Date of birth

Spouse date of birth

Date of retirement

Age at retirement date 62 years 6 months

Age at suspension date 82 years 10 months

Spouse age at suspension date 77 years 8 months

Current monthly benefit

Spouse benefit if participant dies first

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Survivor Benefit

Monthly benefit/ Benefit Credits 58.68

PBGC guaranteed accrual rate 35.75

PBGC guaranteed benefit, current benefit 1063.56

110% of PBGC guaranteed benefit, current benefit 1169.92

Suspension benefit prior to age based limitation 1169.92

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos) 0

Benefits after age-based limitation 1745.75

Final Monthly Benefit under Proposed Suspension 1745.75

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit?

No

No

Yes

1063.56

1169.92

1169.92

0

2327.67

2327.67

35.75

3/17/1935

5/8/1940

10/1/1997

2327.67

1745.75

29.75

joint & 75% no pop-up

Current Benefit

78.24

9.4
International Association of Machinists Motor City Pension Fund 

EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #3

Participant Category: Retiree Age 75-80

Date of birth

Spouse date of birth

Date of retirement

Age at retirement date 60 years 3 months

Age at suspension date 76 years 10 months

Spouse age at suspension date 74 years 11 months

Current monthly benefit

Pop-up benefit if spouse dies first

Spouse benefit if participant dies first

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Pop-up Benefit Survivor Benefit

Monthly benefit/ Benefit Credits 100.95 67.76

PBGC guaranteed accrual rate 35.75 35.75

PBGC guaranteed benefit, current benefit 1206.56 1206.56

110% of PBGC guaranteed benefit, current benefit 1327.22 1327.22

Suspension benefit prior to age based limitation 1327.22 1327.22

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos) 38 38

Benefits after age-based limitation 2089.80 1679.12

Final Monthly Benefit under Proposed Suspension 2089.80 1679.12

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit?

2/6/1943

1206.56

1327.22

38

3/21/1941

7/1/2001

Yes

Yes

1327.22

90.35

35.75

1958.63

1958.63

No

3049.25

3406.98

33.75

joint & 75% w pop-up

2286.94

Current Benefit

9.5
International Association of Machinists Motor City Pension Fund 

EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #4

Participant Category: Retiree Age 75-80, Late Retirement

Date of birth

Spouse date of birth

Date of retirement

Age at retirement date 65 years 1 months

Age at suspension date 78 years 0 months

Spouse age at suspension date 77 years 10 months

Current monthly benefit

Pop-up benefit if spouse dies first

Spouse benefit if participant dies first

Late factor applied to current monthly benefit

Current monthly benefit, without regard to late factor (LRF)

Pop-up benefit if spouse dies first, w/o regard to LRF

Spouse benefit if participant dies first, w/o regard to LRF

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Pop-up Benefit Survivor Benefit

Monthly benefit/ Benefit Credits 215.49 146.78

PBGC guaranteed accrual rate 35.75 35.75

PBGC guaranteed benefit, current benefit 643.50 643.50

110% of PBGC guaranteed benefit, current benefit 707.85 707.85

Suspension benefit prior to age based limitation 707.85 707.85

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos) 24 24

Benefits after age-based limitation 2632.08 1883.05

Final Monthly Benefit under Proposed Suspension 2632.08 1883.05

195.70

35.75

1/27/1940

3/28/1940

3/1/2005

3555.36

3914.90

2666.52

1.0093

3522.60

3878.83

2641.95

643.50

707.85

707.85

24

2416.36

2416.36

18.00

joint & 75% w pop-up

Current Benefit

9.6
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #5

Participant Category: Disability

Date of birth

Date of disability retirement

Age at retirement date 48 years 5 months

Age at suspension date 57 years 5 months

Current monthly benefit

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Suspension benefit prior to age based limitation

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos)

Benefits after age-based limitation

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit? No

life annuity

48.45

35.75

1036.75

1140.43

1140.43

60

1140.43

1405.02

Yes

No

29.00

International Association of Machinists Motor City Pension Fund 

8/6/1960

2/1/2009

1405.02

9.7
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #6

Participant Category: Retiree Age 75-80 with Benefit Less Than 110% of PBGC Guarantee

Date of birth

Date of retirement

Age at retirement date 65 years 0 months

Age at suspension date 75 years 8 months

Current monthly benefit

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Suspension benefit prior to age based limitation

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos)

Benefits after age-based limitation

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit? Yes

life annuity

8.00

8.00

96.00

105.60

96.00

52

96.00

96.00

No

Yes

12.00

International Association of Machinists Motor City Pension Fund 

6/1/1942

7/1/2007

96.00

9.8
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #7

Participant Category: Alternate Payee Under Age 75 

Date of birth

Date of retirement

Age at retirement date 54 years 5 months

Age at suspension date 67 years 0 months

Current monthly benefit

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Suspension benefit prior to age based limitation

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos)

Benefits after age-based limitation

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit?

60

International Association of Machinists Motor City Pension Fund 

104.94

104.94

Yes

No

1/20/1951

5.00

19.08

95.40

108.87

21.77

No

104.94

7/1/2005

life annuity

104.94

9.9
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #8

Participant Category: QDRO Under Age 75 

Date of birth

Date of retirement

Age at retirement date 56 years 5 months

Age at suspension date 69 years 0 months

Current monthly benefit

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Suspension benefit prior to age based limitation

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos)

Benefits after age-based limitation

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit?

112.97

International Association of Machinists Motor City Pension Fund 

108.33

108.33

No

1/1/1949

7/1/2005

Yes

life annuity

98.48

108.33

5.00

22.59

19.70

No

60

108.33

9.10
International Association of Machinists Motor City Pension Fund 

EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #9

Participant Category: Retiree Under Age 75

Date of birth

Spouse date of birth

Date of retirement

Age at retirement date 64 years 4 months

Age at suspension date 65 years 4 months

Spouse age at suspension date 63 years 11 months

Current monthly benefit

Pop-up benefit if spouse dies first

Spouse benefit if participant dies first

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Pop-up Benefit Survivor Benefit

Monthly benefit/ Benefit Credits 36.06 22.13

PBGC guaranteed accrual rate 29.80 19.35

PBGC guaranteed benefit, current benefit 1296.19 841.51

110% of PBGC guaranteed benefit, current benefit 1425.81 925.66

Suspension benefit prior to age based limitation 1425.81 925.66

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos) 60 60

Benefits after age-based limitation 1425.81 925.66

Final Monthly Benefit under Proposed Suspension 1425.81 925.66

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit?

No

Yes

No

1082.14

1190.35

1190.35

60

1190.35

1190.35

24.88

9/19/1952

2/8/1954

2/1/2017

1283.35

1568.75

962.51

43.50

joint & 75% w pop-up

Current Benefit

29.50

9.11
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #10

Participant Category: Beneficiary Age 75-80

Date of birth

Date of retirement (member)

Age at retirement date 56 years 1 months

Age at suspension date 75 years 9 months

Current monthly benefit

Total Benefit Credits

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

Suspension benefit prior to age based limitation

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos)

Benefits after age-based limitation

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit? Yes

joint & 75%

65.77

35.75

875.88

963.46

963.46

51

1060.65

1060.65

No

Yes

24.50

International Association of Machinists Motor City Pension Fund 

4/4/1942

6/1/1998

1611.38

9.12
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #11

Participant Category: Beneficiary Under Age 75

Date of birth

Date of retirement (member)

Age at retirement date 52 years 9 months

Age at suspension date 61 years 10 months

Current monthly benefit

Total Benefit Credits

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

Suspension benefit prior to age based limitation

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos)

Benefits after age-based limitation

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit? No

joint & 75%

37.28

30.71

913.54

1004.89

1004.89

60

1004.89

1004.89

No

Yes

29.75

International Association of Machinists Motor City Pension Fund 

3/20/1956

1/1/2009

1108.97

9.13
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #12

Participant Category: Retiree Under Age 75

Date of birth

Date of retirement

Age at retirement date 50 years 9 months

Age at suspension date 66 years 0 months

Current monthly benefit

Total Benefit Credits

Form of pension

Calculation of 110% of PBGC Guarantee

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Suspension benefit prior to age based limitation

Age Based Limitation

Months from age 80 (at suspension date, max 60 mos)

Benefits after age-based limitation

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

Disability limit?

110% of PBGC guaranteed limit?

Age-based limit? No

life annuity

119.19

35.75

875.88

963.46

963.46

60

963.46

963.46

No

Yes

24.50

International Association of Machinists Motor City Pension Fund 

1/2/1952

11/1/2002

2920.05

9.14
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #13

Participant Category: Active, Not Vested

Date of birth

Age at suspension date 25 years 11 months

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 PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage.

International Association of Machinists Motor City Pension Fund 

Yes

91.81

91.81

83.47

2/22/1992

97.54

3.75

26.01

22.26

9.15
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #14

Participant Category: Active, Vested

Date of birth

Age at suspension date 40 years 6 months

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 PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

679.25

747.18

747.18

Yes

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage.

35.75

International Association of Machinists Motor City Pension Fund 

7/29/1977

2384.63

19.00

125.51

9.16
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #15

Participant Category: Active, Vested, QDRO

Date of birth

Age at suspension date 59 years 2 months

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 PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

820.91

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage. Service and benefit amounts shown are after adjustment for QDRO.

International Association of Machinists Motor City Pension Fund 

746.28

11/5/1958

1224.04

20.88

58.62

35.75

820.91

Yes

9.17
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #16

Participant Category: Inactive, Non-vested

Date of birth

Age at suspension date 36 years 6 months

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 PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

30.51

33.56

33.56

Yes

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage.

20.34

International Association of Machinists Motor City Pension Fund 

7/30/1981

35.18

1.50

23.45

9.18
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #17

Participant Category: Inactive, Vested

Date of birth

Age at suspension date 61 years 11 months

Total accrued benefit payable at normal retirement age

Total accrued benefit payable at assumed age 65

Total Benefit Credits

Calculation of 110% of PBGC Guarantee at Assumed Retirement Age of 61

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage.

643.50

707.85

707.85

Yes

888.69

35.75

International Association of Machinists Motor City Pension Fund 

2/7/1956

888.69

18.00

49.37

9.19
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #18

Participant Category: Inactive, Vested with Benefit Less Than 110% of PBGC Guarantee

Date of birth

Age at suspension date 60 years 7 months

Total accrued benefit payable at normal retirement age

Total accrued benefit payable at assumed age 65

Total Benefit Credits

Calculation of 110% of PBGC Guarantee at Assumed Retirement Age of 60

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

94.25

International Association of Machinists Motor City Pension Fund 

7/1/1957

94.25

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage.

No

9.75

9.67

9.67

94.25

103.68

94.25

9.20
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #19

Participant Category: Inactive, Vested

Date of birth

Age at suspension date 49 years 4 months

Total accrued benefit payable at normal retirement age

Total accrued benefit payable at assumed age 65

Total Benefit Credits

Calculation of 110% of PBGC Guarantee at Assumed Retirement Age of 61

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

1326.57

International Association of Machinists Motor City Pension Fund 

9/24/1968

1326.57

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage.

Yes

20.00

66.33

35.75

715.00

786.50

786.50

9.21
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #20

Participant Category: Inactive, Vested, Late Retirement

Date of birth

Age at suspension date 67 years 0 months

Total accrued benefit payable at normal retirement age

Late retirement factor for assumed age 65 11/12 late retirement

Total accrued benefit payable at assumed age 65 11/12 late

Total accrued benefit payable at assumed age 65 11/12 no LRF

Total Benefit Credits

Calculation of 110% of PBGC Guarantee at Assumed Retirement Age of 61

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage.

965.01

International Association of Machinists Motor City Pension Fund 

1/9/1951

872.94

1.10547

Yes

872.94

13.75

63.49

35.75

491.56

540.72

540.72

9.22
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #21

Participant Category: Deferred Beneficiary

Date of birth

Participant Date of Birth

Age at suspension date 51 years 2 months

Total accrued benefit payable at participant's normal retirement age

Joint and 75% factor at participant's normal retirement age

Reduction for cost of pre-ret. death coverage

Total benefit payable at assumed participant would have been 65

Total Benefit Credits

Calculation of 110% of PBGC Guarantee at Assumed Retirement Age of 61

Current monthly benefit/ Benefit Credits

PBGC guaranteed accrual rate

PBGC guaranteed benefit

110% of PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

International Association of Machinists Motor City Pension Fund 

11/15/1966

1101.71

0.00072

665.24

Yes

12/8/1963

0.80568

16.25

40.94

33.45

543.62

597.98

597.98

9.23
EIN/Plan #: 38-6237143/001

Checklist Item #9 - 4.01 Demonstration that Limitations on Individual Suspensions are Satisfied

Illustration #22

Participant Category: Alternate Payee not in Payment

Date of birth

Age at suspension date 59 years 4 months

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 PBGC guaranteed benefit

Final Monthly Benefit under Proposed Suspension

Summary of Applicable Federal Limitations

110% of PBGC guaranteed limit?

International Association of Machinists Motor City Pension Fund 

247.36

This calculation excludes any reductions in the participant's accrued benefit for pre-retirement

death benefit coverage. Service and benefit amounts shown are after adjustment for QDRO.

224.87

9/18/1958

457.15

6.29

72.68

35.75

247.36

Yes

9.24