Bricldayers & Allied Craftsmen Local No. 7 Pension Plan 

Checklist Item #28 

Does the plan include deterministic projections for each year in the extended period of: 

• the value of plan assets; 

• the plan's accrued liability; and 

• the plan's funded percentage? 

See section 6.05. 

Document 28.1 describes the dctemtinistic projection ft.1r each year in the extended period of the 

value of the Pension Plan's asst:ts, its accrued liability, and its funded percentage. 

2&.1 
6.05 Projection of Funded PerccntnAc 

Document 28.1 

Pension Plan's Projection of 

Assets, Liabilities, nnd Funded Percentage 

F.xhibit I projects the Pension Plan ·s 1\.mded percentage using the value of plun ussets and 

accrued liabilities during the exte d~d period of 2015 through 2050. The projt:ction includes the 

impact of bcncfiL suspensions and is made on the same basis as Exhibits rv unci V ll of Checklist 

Item 117. 

Sec the following pages. 

28.2 
"' 00 

i.> 

E:\hibit 1- Projection of Funded Pen:enlage 

Bricklayers & AJJied Craftsmen Local 1'\o. 7 Pension Plan 

The J>r·ojcctcc1 ,\ larket Value of Assets and Funded Percentage for the Plan Years e~t inning May I, 2016 through 2050 

As or May 1, 

2016 2017 I 20111 2019 2020 

I. Value of Plan n.~~c s 14,626 26 1 12,792.803 ~ 12.427 810 12.086,715 I 1.746,462 

2. Unit crcdil 3ccrued liability 36,R04 06 1 21, 193,583 i 20,876.066 20,576,896 I 20.265.190 

c]. Funded percentage ( 1 )fl'l 39.7% 60.4% I 59.5% 58.7% 58.0% 

As of May I, 

2021 2022 2023 I 2024 2025 

1. Value of Plan s.~ets 11.415826 11,096.838 10.752J21 l 10,348,888 9.934.533 - -- ---

'· Unit credit accrued liabiliry 1 19,954,898 19,648,843 19,314.555 18,910,427 I 18.491,201 

~. Funded percentage (I) I (7) I 57.2''o 56.5% 55.7'• 54.7% I 53.7% 

I . - As of )lav 1. I 

2026 2027 2028 2029 2030 l 

I. Value of J>l3n assets 9.528.425 9, 186,701 8,866 530 8,552,844 8,244,926 

2.unir credit accrued liabilitY I 1 S.076.991 17,63 1,251 17.201,433 16,765,667 16,323,180 ,_ -· . 3. Fumlt:d perct;IJI;tge(U I (2) l 52.7% 52.1% 51.5% 51.0% 50.5% 

As ofMav 1, 

2031 2032 I 2033 2034 2035 

I. Value of Plan assets 7,927 4()7 7.609,176 I 7,323.993 7,039,234 6.746.41.:1 

2. L:nit credit accrued 1iubility 15 858.Hl6 15.379,628 I 14,924,708 14.453. iOl . 13.960,450 I 

3. Funded pcrcent~ge (I) ' (2) 50.00• - 49.5% ~9.1% 48.7%-r 48.3°o 
.... 

::e 

:.. 

Exhibit I (eunt.)-Projection of Funded Percentage 

Bricklayers 8.. Allied Cr3ftsmcn Local No.7 Pension Plan 

2036 ~ 2037 I 

I. Value ofPlnn n<sets 6,'WB,544 6,?5?,900 I 

2. linit crt"tlit accrued liabilitv ~.~?5.399 JJ,014,017 I 

3. Funded percentage ( I) / (21 48.1% 48.0% 1 

r2041 2042 

I. Valu~.: of Plan assets 5,585 483 5,'!_8 1,534 

1. Unit credit nccrucd liabilirv I 1.?06 150 10,753.779 

3. Funded percentage (I l I (2) 49.&··· 51.0% 

2046 2047 

I. Valu~: of Plan U$.~cts I 5.556.454 5,707,245 

~it credit nc:rucd liability I 9,153.353 . s,so3, t24 I 

nded percentage (I) I (2) J 60.7% I 64.8% I 

As of;\f av l. 

20JR 2039 2040 

6,060.623 SJ\7?.&59 5 711 576 

12 568.447 I 12, 1 o?,o 14 I I 1,65 1 428 

48.2% I 48.5% 4<).0% 

As of May 1, 

2043 I 2044 I 2045 

5,422.967 5,415,029 5.459,433 

10.320.596 9,910,007 9.521.963 

52.5~. , .6~o_ L_ 57.3'!-o 

As of .\lav 1 - - -- -

2048 2049 2050 

5.916,768 6,187,145 6.521.375 

8,473,616 8,163,514 7.873.284 

69.8% 75.8% 82.8•;.,