Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

Checklist Item # 14 

Does the application include a copy of the actua.l notices (excluding personally identi fiable 

information) that meet the requixements under § 432(e)(9)(F)? See section 4.05(1 ). 

Document 14. 1 provides copies of acntal notices (excluding personally identifiable information) 

that have been or will be given to participants, beneficiaries, employers that have an ohligation to 

contribute LO the pensio11 Plan under ERISA § 4212(a), and the employee orgruJ.ization 

representing pruiicipants under the Pension Plan. 

14. 1 
4.05(1) Actual Notices 

l)ocument 14.1 

Actual Notices Distributed to Participants, Beneficiaries, 

Contributing Employers, and the Members' Employee Organization 

Sec the following pages. 

14.2 
NOTICE OF A PROPOSED REDUCTlON OF YOUR PENSION BENEFITS 

On Jw1e 28, 2016, the Doard of Trustees of the Bricklayers & Allied Craftsmen Local No. 7 

Pension Plan ("Plan") submitted an application to the U.S. Treasury Department for approval to 

reduce benefits under the Plan. This type of benefit reduction is allowed hy the Federal law 

called the Multiemployer Pension Reform Act of 201 4. 

You are getting this notice bccatL~e you have a pension benetit under the Plan. Attached to this 

notice is a notice entitled "How Your Monthly Payments Will Be Affected." That notice is 

a description of the proposed reduction of your monthly payments.1 

Additional information is also available at www.bricklayers7rescue.com. 

Tllis notice will also answer the following questions for you1. Why is the Board ofTruslees proposing to reduce benefits? 

2. What will happen if the Plan runs out of money? 

3. How did the Board of Trustees decide whose benefits to reduce and by how much? 

4. What are the proposed reductions in benefits? 

5. What comes next? 

1. Why is the Board of Trustees proposing to reduce benefits? 

The Plan's actuary estimated that, unless benefits are reduced, the Plan will not have enough 

money to pay benefits in the year 2025. This estimate is based on how much money the actuary 

expects the Plan to receive and to pay out each year. The Plan's actuary estimated that, vvith the 

reduction of benefits that the Board of Trustees has proposed, the plan should not run out of 

money. 

2. What will happen if the Plan runs out of money? 

If the Plan does not have enough money to pay benefits, then only the amount guaranteed by the 

Pension Benefit Guaranty Corporation ("PHGC") will be paid. You can lind the a.tuotmt of your 

benefit that is guaranteed by PHGC on the attached notice entitled "How Your Monthly 

Payments Will Be Affected." 

3. How did the Board of Trustees decide whose benefits to reduce and by how much'! 

Under Federal law, the Board or Trustees must apply the following mles to the proposed 

reduction-

• The total reduction in everybody's benefits must be estimated to be large enough 

to keep the plan from running out of money but not larger than needed to do that. 

1 A version of this notice that docs not include the estimate of the etlect on your benefit is being sent to unions that 

represent Plan participants and to all contributing employers. 

1 

14.3 

·' 
• Your monthly benefit and the benefit ofyom beneficiary cannot be reduced below 

110% of the amount guaranteed by PBGC. 

• Disability benefits (as defined under the Plan) callllot be reduced. 

• The benefits of people who are at least 80 years old on May 31, 2017 and the ir 

beneficiaries cannot be reduced. 

• The bendits of people who me at least 75 years old on May 3 1, 2017 and their 

beneficiaries are partially protected, and the closer the person is to age 80 the less 

the benefits can be reduced. 

• ·The reduction of benefits must be spread fairly among the people who have a 

pension benefit under the plan. 

In deciding whether the proposed reduction is spread fairly, the Board of Trustees took into 

account the following: 

• Amow1t of benefit. 

• Type ofbcnctit: survivor, normal retirement, emly retirement. 

• History of benefit increases and reductions. 

• Any discrepancies between active and retiree benefits. 

• Extent to which active participants arc reasonably likely to withdraw support for 

the plan, accelerating employer withdrawals from the plan and increasing the risk 

of additional benefit reductions for participants in and out of pay stams. 

4. What are the proposed reductions in benefits'! 

The Board of Trustees proposes the follov,ting reduction of benefits: 

The reduction will change benefits to 1.30% of all non-forfeited contributions rnade on the 

individual's behalf. Tllis reduction will apply to all individuals regardless of the percentage of 

contributions formula in effect at the time the individual accrued his or her benefit. The 

reduction will apply uniformly to all participants, beneficiaries, and Alternate Payees w1der a 

Qualified Domestic Relations Order that are not otherwise exempt due to their age or disability 

status as described above. Early retirement reductions and form of benelit adjustments will 

apply as well. No person will have his/her benefit reduced below 110% of the PBGC guaranteed 

level. No person will have his/her benefit increase due to the new benefit calculation. The 

proposed suspension is pem1anent. 

5. What comes next'! 

Approval or denial of the application by the Treasury Department 

The Treasury Department will review the application to see whether it meets all of the 

legal requirements under Federal law. If the application meets all of those requirements, 

2 

14.4 
the Treasury Department is required to approve the application. If the application does 

not meet ll1e legal requirements, the Treasury Department will deny the application. The 

Treasury Department will have until February l!, 2017 to make a decision. 

You can get infnrrnation from the Treasury Department 

More information about the proposed benefit reductions and a copy of the application is 

available at www.treasurv.gov/mpra. 

The application will be available on that website within 30 days afler the Treasury 

Department receives it. The application includes more information about the proposed 

reduction, including details about: 1) the Plan actuary's certification that the Plan will run 

out or money (that is, that the plan is in "critical and declining status"); 2) how the 

proposed reduction would satisfy the requirement that it be large enough so that the Plan 

is estimated not to run out of money, while not being larger than needed; and 3) the 

sensitivity of these estimates to the assumptions used. 

The application describes the steps the Board of Trustees has already taken to keep the 

Plan from nmning out of money and why the Board or Tm~tees believes that a benefit 

reduction is the only remaining option to keep the plan from running out of money. In 

addition, the application explains why ilie Board of Trustees believes that the proposed 

reduction is spread fhlrly among the people who have a pension benefit under the plan. 

The Treasury Department website will also provide updated information on the 

application, such as whether the application has been updated or withdrawn. 

For further intom1ation and assistance you can also write to the Treasury Department at 

the following address: 

Department or the Treasury 

Attn: MPRA Office, Room 1001 

1500 Pennsylvania Avenue, NW 

Washington, DC 20220 

You can comment on the application to reduce benetits 

You can submit a comment on the application by going to www.treasury.gov/mpra. 

Comments may also be mailed to the Department of ilie Treasury, at the address listed 

above. All interested parties can make conuuents, and the comments will be publicly 

available. 

Retiree Representative 

If a plan has 10,000 or more participants, the Board of Tmstees must select a retiree 

representative to advocate for the interests of retirees, beneficiaries, and deferred vested 

3 

t4.5 
participants as part of this process. A plan is required to pay the reasonable expenses of 

the retiree representative. 

The Hoard of Trustees is not required to select a retiree representative. because the Plan 

has fewer than I 0,000 participants. The 13oard of Trustees has not chosen to select a 

retiree representative. 

V otc on the proposed benefit reduction 

If the application for the proposed reduction of benefits is approved by the Treasury 

Department, then you will have the opportunity to vote on the proposed reduction. Please 

note that according to Fedt:r<JI Regulations. if you are an Alternate Payee receiving 

payment (or owed payment) pursuant to a Qualified Domestic Relations Order, you arc 

not entitled to vote. Unless a majority of all participants and beneficiaries of the Plan 

vote to reject the reduction, the Treasury Department must allow the reduction of benelits 

to take effect. This means that not voting count.'> the same as a vote to approve the 

reduction. 

You may contact PHGC's Participant and Plan Sponsor Advocate by mail at Pension 

Ucnefit Guaranty Corporation, Attn: Participant and Plan Sponsor Advocate, 1200 K St., 

NW, Washington DC 20005; by telephone at (202) 326-4448; or by e-mail at 

advocate(a),PBGC.gov. 

Your right to sec Plan doewncnts 

You may want to review Plan documents to help you understand your rights and the 

proposed reduction to your benefits. The Plan administrator must respond to your request 

for the following documents within 30 days: 

• The Plan document (including any amendments adopted to rellect an authorized 

reduction of benefits), trust agreement, and other documents governing the Plan 

(such as collective bargaining agreements). 

• The Plan's most recent summary plan description (SPD or plan hrochurc) and any 

summary of material modifications. 

• The Plan's Form 5500 annua l reports. including audittld financial statements. filed 

with the U.S. Department of Labor during the last six years. 

• The annual funding notices furnished by the Plan during the last six years. 

• Actuarial reports, including reports prepared in anticipation or the benefit 

reduction, furnished to the Plan within the last six years. 

• The Plan's current rehabilitation plan, including contribution schedules and 

annual plan-sponsor determinations that all reasonable measures to avoid running 

out of money continue to be taken and that the Plan would run out of money if 

there were no benefit reductions. 

• Any quarterly, semi-annual or annual financial reports prepared for the Plan by an 

investment manager, fiduciary or other advisor and furnished to the Plan within 

the last six years. 

4 

14.6 
The Plan administrator may charge you the cost per page to the Plan for the cheapest way 

of copying documents, but cmmot charge more than 25 cents per page. The Plan's Form 

5500 Annual Return/Report of Employee Benellt Plan is also available free of charge at 

WV.'>v.dol.gov/ehsa/5500main.hhnl. Some of the documents also may be available for 

examination, without charge, at the Plan administrator's office, your worksite or union 

ball. 

Your right to challenge incorrect calculations 

If you think the Plan miscalculated the reduction to your benefits, then you have the right 

to submit a claim to the Plan to have the calculation corrected. The Plan's summary plan 

description ("SPO") tells you how to submit a claim. The SPD also describes your right 

to have a court review the Plan's fmal decision on your claim. 

If you believe the information used to calculate your estimate at the end of this notice is 

wrong, please contact the Plan ol11ce at: 

Bricklayers & Allied Craftsmen Local No. 7 Pension Plan 

33 Fitch lllvd. 

Austintown, Ohio 44515 

(330) 270-0453 

The Bricklayers 7 Pension Plan is governed by the Internal Revenue Code and the Employee 

Retirement lneome Security Act of 1974 ("ERISA"). If you need further assistm1ce 

understanding your rights under ERISA, you can contact the U.S. Department of I ,abor at either 

of the following addresses: 

U.S. Department of Labor 

Employee Benefits Security Administration 

1730 K Street, Suite 556 

Washington, OC 20006 

Telephone: (202) 254-7013 

5 

14.7 

lJ .S. J)eparhnent of Labor 

Employee Benefits Security Administration 

1885 Dixie Highway, Suite 2 1 0 

Ft. Wright, Kentucky4101 1-2664 

Telephone: ( 606) 571!-4680 
Or you may contact the Division ofTcclmical Assistance & lnquiries at: 

Division of Technical Assistance & Inquiries 

Employee Renelits Security Adminislralion 

U.S. Dt:parlment of Labor 

200 Conslitution Ave. NW 

Washington, DC 20210 

Tltis notice is intended to provide lhe required notice of a significant reduction in bene fits 

necessary under l:iRJSA Sections 204(h) und 305(e)(8) and Internal Revenut: Code Sections 

432(c)(R) and 4980F. 

6 

14.8 
Retiree Rcforc 5/1/1996; lo'ormula Less T hnn ~.~•;., 

14.9 
BRICKLAYERS & AI.I.IEO CRAFTSMEN 

LOCAl. NO.7 Pl!:~ N PLAN 

33 FITCH BOLJ I 1-.VARD 

AliS'II'\JTOWN. OHIO 44515 

Phone: 330'270-U-153 I (til frc.): 800i435-B~R 

HOW YOLI{ MO~THL\ PA \'1\lEIIi I'S WILL BE AFFECTED 

l'u rticipa nt Category: Retiree Age 80 anti Ovc.·t· 

Ho" the propos ed reduction in bcnclits \\Oitltl uffcct yo11 

L:ndcr the I<"'. Jx-.:a11sc you arc age 80 or older, yc.•ur munthly henefil ofSS7'J.30 will not chunge 

IInder the proptt,cd n:ducl ion. You will conti 11ne receiving S57\UO 111 monl hly pension 

paymctus. 

PBGC (;uurunt ccd llcncfits 

The Plan·~ actuary htt~ culclllatcd that if the proposed n:ductim" nrc uot implemented. rhctt the 

Plan ts pn~~ct~d to he tnsolvent nnd un;ohlc tn pay benefits "'hen d11c in 2025. If lhc l'lan 

become:. i!bOhcnt, )<'II will nut be automatically protected hecause of your ngc. Your bcnclil 

would be n:<lm:et.l tn the monrhly POGC-guunmtccd level. Your c:.timtttcd momhl)' PBOCguammc:cd lc-.:1 is S46·1.7S. 

Cun-:111 lkn¢li!. S$79.3:::0 __ _ 

Bcndil Umkr Pro os~d Rc:duction: :)579.30 

1\ mmtnL ( ouuruntcccl hy I'B<lC if Prup(N;tl Reduction is Rcj ~-cte '" ..:::S4:::6::: ' ~7=.5 ___ _ 

ll1is estimate tS b.t~cd onth,; li>llowing intbunativn from Plan r.:cords: 

You ha'.: IJ }c:ars of ct'\:ditcd ~en occ under lhe l' lan as ol Mot) I. ,01 fl. 

Yuu \\Ill he X5 und 5 lliOtllhbl ""of May 1 1.2017. 

14. 10 
RctiJ·cc ,\II Years At 3.3% Formuh1 

14. 1 I 
HRICh1. .A \ J11{S ,!(, ALLII1D r\ FTSi\ 1 F. I\ 

LOCAl, NO.7 PF.NSIOI'\ PLAN 

D FITC'II IIOULliV t\RD 

AUS 1'1 '-ITOWI\, OHIO 445 15 

Phone: 330.'~70-0~5.1 r,,u t'rc.:: SOO.·I:\ 5·23~1< 

HO\\ VO t:R 1\101\THLY P.\YI\IEN IS \\ ILL ~ \FFF<TEO 

Purticip:mt :~ c)( U' : Retiree Age 75-80 nlth Q OJ{O 

This l''lima le t' th~ ul'fcct o l" the pr<>pose<l rcduction ufbcnctits has hccll prepared (i.)r: 

lion the proposed r·ccluctio n in benefits wuuiLI afTcct ~on 

I he Pl:'n cnnsidcred the tcnns uf yuur Oualilicd I >umesttc Rcl.ni on~ Order ("()ORO") and your 

years n f se <:~ as of ,\1ay I, :2016. 

Your current monthly benefit is 6.0~. L:mlu1 the po npnsed roxl11-:lot>n yNir monthly hcnclit 

will be reduced Ill $571.0() beginning on M11 y 1, 2017. 

Current Bc:nt:lit: 

Acnclit l·mlct l'ropiiM:d Reductil>n. 

Amount C.uaranh .. 'Col hy f'fKiC ofl'rup<•~cd Reduction is Rcjcct.>d1 

S!\96.04 

$571.~ 

S~91.W 

--

l'k:"e '"'-'the ~eel ion hc1nw entitled "Acldltionnl l ufonuation ust·d in ur Culculntion" f(lr ~ 

t'urthcr cxplanmion or how the l' lan nrrivcd at ynur new btme lit amount. 

The proposed n:dtt<.:llon i' pcnnuoh.:nl. 

This i~ an estimate of the ctrcct ofth;: prupo,cd rcclu.:tion on your bendit umkr the PIJn. It b "": 

a linal b.:nclit ~<~lculation This was don<! a-,suming thnt the propmcd hcnclit reduction ,tart, nn 

Mny I, ::!017. If tho: hc:nelit reduction stnrts later, the efi't~cl ollh<! P~'~~l"'·'•·d rccluction ,, yolll 

benefit migh t be dilli.:rcnl. 

'I his ~s ti lll alc IS bn,cd 011 the fhllowing i11fo nnntion from Plan rccol'lb: 

) 'oll lmvc 16. 1 J y~a s ol ..:rethtcd sen· tee under I he Plan as n l' May I. 2016. 

l'kasc 11111~ th;ol thi' lllllllbt·r ha' h,'\:11 n:du~:cd be~uuw n l the l.:rnrs ol' your 

<)OR< l 

t4.12 
Under lhc lentb nl )illlf QDRO. ynur t:~ SJl<lll$t: 1~ c:nlltlctl tl• 'ill',, of wha1 1-; 

calla! the .. MJritall'nrtit•n" nlthc }Olll <tt:o.:nu.xl benefit. ro figure out the i\ larital 

l'omon. t.1k.: the: numb..:r t•f nH'Ilths of your participatinn 111 the l'l:m during I he 

marriage ( Ma) I I. 19llS h• Fo.:hnury R, 11J95) ami tli\ldt: 11 hy tht! IOtnl number t•f 

months that )<>U parlic.:lp:~lctl 111 1h.: l'lan :~s of the day you bcg111 rc.:ci\·mg your 

benefit (or. if en rlier, the da} your ..:x-spou~c slal'l reed' 111g h..:rs). Multiply the 

diiSIVCr I i Ill e, you1 ucc.:rucd ht:Jh.:li I. Y nur ex -spous..: is Clll il kd to ~ ()'lo~, o I' 1h:1 t 

nun1ber. You ar~ e111 it led I o 1 h<~ balance or your :1ccrucd hen eli t. 

Ynu will h..: 77 Y curs and <) \tft•lllhs of age us of l'vlny 3 I. 2017. 

i\dclitionnl Information u5ccl in ~·our Calculation (bnsc<l on Phm records) 

The form ••fbcnctll you ore rccci\lng 1' a L1h:lmlc ,\nnuil), \\lu.:h causc:tl your hcnclit at 

lhe time lube rt:duct:d b) o• •. 

Your age ar retirement was 60, which ~mN:tl your beneliL ut thc lim..: lo he dccrca;.cd by 

12.00~ ... 

Th~ amounl ofy<lill' red11Ccd hcncf'i l is the grcM0r M: 

• 1 .. \ 'V.• nl'th o.: 11011-l ill' l'o.: i teo I • 'Oillrihul ion' made on your bcl1al t'; ''"'' 

llO% of 1h..: amou111 gunr.mlcccl by lhc P0nsion Bcnc lit tluarulll) C'orpor.llinn 

(I'BGC). Plcnsc note that tltc amnunt Ill' nun-ti•rli.:it~d .:omtrihution~ l"cd in 

cakularing your new hc11clil 111.1}' he: I e.'' 1han )OUr actu<JI <lllll'UIII ••fnon-liJri.:Hccl 

conlribulions b~t:au'.: 11f lhc tc:mn of your Ql>RO. 

Non-forfeited conlributio)l~'> In l!tc Plan on yo•ur hdtall. r<-•lun,t per 1hc tcnns of wur 

t)DRO, total S 19.5-t\.01. 

I.J"o of the non-forfeited contnblttion>, a, r..:dtlccd by y(•ur QDRO. C\luals :1>2~3.57. 

110% oi'tlw PRCiC gu:ll'illliW i' j,5-l0.5~. 

The grc.11.:r of .3~•• of 1111 11 -for ci l.~l conlrihulions. a .< rcoluwol hy I he Ql HZU, and I I 0'~ 0 11flhe Jlf\(j(" guarantee i' $."~0 5.1 . 

l 'mlcr the terms of lhc In''. bo..-..:au'c Y"'' •11\: hclm.:cn age' 75 and lW. I he .lllllluntuf yo>ur 

bcnclil r~•lut: inn j, lcs' th.m it WJ•ulol be II' you were bcluw 7'i l'hc- closer vnu .1rc to an.: - • a 

:.II, lhc smalh:r ytnJr n:du.:tit•n will be. 

• llccau.;.: of IlK! QDRO. vour new hcndit anwunl undcr 1hc propose,! rcdlil'liun W<luld be 

S571.(J(o 

14. 13 
l'HG<.' Guaranteed 13cncfits 

The Plan·~ actuary h.l' .:akulatcd th.n if tl1c Jlf\l)lll~<.:d rcducll,,n, '"'' not llllplcmc•11cd. then lh<! 

Plan ~ J)rt•jr:<.:tcd to h~ imoh·cnl nnd tmahle ln puy (l,·ndils when due in 2015. II' the Plu n docs 

IWl hnvc enough money ltl pay h<.:uc lit.,, your benefit ll'tluld h-: reduced In tht! •nn111hly PBGC"-

guarautccct level. Yt• ur c~limatcd lllt1nlhly PBGC"-gu•u·11ntt:.xl le\'el i> $491.39. 

Your hcncfit "ill he higher thnn the PBGC-~ual'tllllccd ~wl if the pruposcd benefit 

r ccluctinu i~ apprond hy lhc Trcu.~ ry )cparlm~nt and h~ tile ut in~: process dc•cribed in 

the 1\otiec uf Prupu~cd Reduction of Your Pct,.inn Rcncfits lhrtt was incltulcrl "ilh I hi~ 

c."intut·c. 

14.14 
RIUCKLA YERS & ALL I ED RAFTS~ ! f:l'i 

LOCAL NO. 7 PENSIOl'i PLAN 

J:l Fll'<'ll BOULEVARD 

AUSTIN IOWN. 01110 445 15 

!'hone: >J0i27Q.0453 Toll J'r~~: Rtl0!435-23lR> 

BOW \OUR :\·IOi\'Titi.Y l'i\ Y-'1£:-;TS \\'lLL BE AH t:n 1.1> 

l'nrtkit>nnt Cnlc)(tll'): Hc1 il·cc In Puy Stat ~ A:,:r 75-80 

This cstimal.: of' h~ ct'J'ccl ot' li1c ro >OS ~tl r-=du.:tionof' bendits has been t•rcpnr.:d lor: 

How the proposed o·cductiun in hcncflt~ would afl'ert )Oil 

Your <:t.o rrcnl lllunlh ly hcuclil is $327. 17. Und~r th~ proposed rcducliun your momh I y hcnclit wi II 

h.: <'du~ed to S279.7 1 h.:ginni ng on May I. 20 17. 

\urr.:nt llenctit: $327.17 :-:---- llcnclit l;ndcr Proposed R.:Juction $279.71 

.\onounl Gu.u~onl.:~"<l by PBGC' ifl'mpo,cd Reduction j, R.:jccl.:d~ 't211.92 

l'lease sec th<' ~cctio n below cutitlcd "Additional lnfunnntion u~ccl in you r Calrulatiun" lor., 

liuthcrcxplnmHion <'I' how thi.' Plan aniwd nt your new bcnclil anwunl. 

The propo>,.;;tl rcch o~li n os pcnnanenl. 

Thi~ '' mt <:stoo11u ~ u l' oh..: cili:~t ufth.: proposed rc<luc1ion on )<lUI' hen<: Iii unolcr 1he l'l:on hi~ not 

a linal hendit ca!.:ul~tton. I his was <k>nc :o~>1nnong lhal the proposed bend it n,:du.rinn stao1s 011 

'vl.o) I. 21)11 If the hcnctit rcdt.:tion st.,ns later. the dl'cct uf th.: prnp<'<L'fl recluctton un yNJr 

beneiit mig,ht be di lli:t'l:lll. 

Tllis esrimntc is l>a~.;tlun the !oiiO\dllg mlh11naoion from f'lnn rcx:onls: 

You flijd 12 yc:oo·s <t f' ·cd ll!d s~ vi.;,: untlcr the Plan <ts t> f 1\ lny I 2016 

\ ou ''oil be 77 :utcl ,<; montlti <..J us <>I Ma) J I. 20 I 7. 

Additioonl lnforou:lliun uso•d iu) our Cnlrulution (ha~cd on Plan rccunh) 

14. 15 
Th..: li>llll o I' ~ndi t r nu are rccci vi ng ts u j ni nt & SV% >tt r' 'II ut, winch .:nu,cd yt>ttr ben.: Iii 

ul the tim.: to l>c r..:duccd by I 5.00" • 

• YoUt ugc ut r..:ttrem~m wu.~ 64 nml II muttlhh). "hich cnus..-xl your hetl<:fit n1 the 1im~ tQ 

he incren<cd l•) 15.63~ •. 

The anwunl uf th.: t\:du~cd hendi1 is the ~:remer uf. 

1 . ."\'' • "r I he non-forfeited contrihu I imh mndc on your el'~:~ If udju,lt:rl fi•r retiretnclll 

ugc und limn t>l' hcnelit: mul 

l l0°o of th.: a multnl gu:tntt llc.:d h) lhe Pension Benefit ( iuunmty Cuq><>l11tion 

(PBGCl. 

1'\on-torli:itc<l cuntributiun.< to the Plan on yuur hehnlf 1o1nf ~!).)9'1 77 

1.3% 1>1' the nun-li>rfeiled contri l•utiLlll!> <:quais S 12 ~.HI). 

• 110% of'1hc 1'11GC' guaruntee is S2J5.31 . 

Tile 1;1\:alct' o l 1 .. 1% uf non-forfeited cOtllti butiPns and I I 0% of the I'BCiC guarantee is 

$235.J I. 

Under 1hc tcnn• of the l:m. bu:uuse ynu .uc bclwccn ag.:' 75 anti Xll. the amount ot your 

ben.: Iii r,·du~tiun " Jc,.,, 1l~m i1 would be 11' )'Uu w.:re helow 75. lh.: du,.:r you nrc wage 

SO. the smaller your reduction" 111 h.:. -

So. hera usc of your nf:!C, your n-:w ho:nc lit ntnOtttH tutdcr the ll'l> ln~ccl reduct ion woul<l b,· 

S27<J.71. 

I'OGC Gunnmtccd tl ncfil ~ 

I h.: l'lan's actuar) lm' calculal.:d that if I h.: l""'"""d r<!ductions ~rc not tntplcm.:ntcd. then the 

Plan is pmjc.:tcd Ill he ithnlvcnl an<l unahk I<> pay l>.:n~lik> \\'hen due 111 2ms. lflhc Plan doc, n<1t 

h;~vc enough muncy lu pay h.:ndit•. ro111 h.:nel11 \\oultl be rooucc-d w 1hc mPnlhly I'H<iC-

)(U~rameerl cH·I. Your cslinmt.:d monthly I'HGC-gu,or.mlccd levd ;, ~, IJ '12. 

\'our benelil will l>c highco· thau the PHI.C'-)!IIaranteed level il' the IH'nposed hcudit 

r cducl'ion is nJliH'OVCd hy I he Treasury llt lllll'tmcnl und hy the vothlf,! process dt~SL rihed ;11 

the 1\nticc ur l'rllJIIIM'cl Hcrluctiou or Yotll' l'cnslon 13euclil> illltl Wll< in('ltJ!ICd nith llti\ 

L'<rimate. 

14.16 
11RICKLAYERS & Al .t.I F.O RAFTSi\ E~ 

LOCA l. ;\10. 7 PE:"!S ION I'LA:-1 

~3 fiTCH BO!ILic\'ARD 

i\IJ~n 1\TOWI\, 01110-14515 

l'hon.:· 330'2i0-0-15.l 1 oil rre.:. 800 -135-238M 

HO\\ \'OUR i\101\TII LY PA Yl\rEN1 S \\·ILl. nt: AFFI:.(."I EO 

Participant Catc~;ury: Hrtirec Under A).tc 75 

This estimate ol' th ~ \:~t nft.he proposed rcduclinnof henefits lws [l ~,·n 'Ci liii'O.:d fnr: 

How I be pnlpuscd l'cduclion in benefits nould urrccl yuu 

'I he Plan con~id •:.l )'l•Ur years of service as ~, r May I. 20 I o. 

You r cui'I'Cllt lliOnlhl y benefit is 496.6 . Undc1 lite p ropos,;d r~duct in11 ynt11 monlhly benclit 

will bo.: reduced ln $45K. I2 beginning on Muy I. 20 17 

Cum:nt Bcndit: 

Benditl.ndcr I'•'~'~I'O~cd Rcdu,tion 

Amount Gunrnntccd by PBGC i I' 1'"'1""'~1 Reduction is Rcjcctcd 1 

Th~ proposed redu't inn is permanent 

S-196.~63,___ 

~-15'1.12 

S416.47 

This is an st m;~ e nfthe dl:.::o.:t nf thc proposed reduction nn yn111· bcno.:tit undc1 th,; l'lan. It is not 

u fi nn I bcuclit c" lculntion. This W<l~ tlt>nc nssuminfl th~ t the prupo;;~tl bcn~lit recluction swns o 11 

1\.lay I, 2017 If che benefit reduction Sl,trl> Iuter. the dfc..:l flf th.; proiJ"'.:\1 r~-..luctinn on your 

hcnetit mi~;ht b.: di flciCIIt. 

Jhis CStUIIUtC I~ b,1,.;t.ltlll the Ji>Jim\111); iniMIIl.llit>ll fi~ull Plan re-:tllds 

You htii'C I (l Y-'"rs of " ''edited wrvicc under the Plan as nf Jl,lny l, 2016. 

Adtlitioual Jul'ormnllou IIH'tl in yuur Calculutlou (hasl'<l ou Piau rccurtlsl 

I he IPIII nl heuctit Y"" ~tl' r.--=ci' in:• ".1 lifelllliC al\llllil}. whh:h c;~u~cd your benefit at 

the lim< It> he rcduct!<ll>y O.Oll'lo. 

14. 17 
Your ag~ atr<:11rcmen1 was 64 until mlln h(~)w ich cnuscd you r ~nc lil ul ~ time w be 

r~duwd hy 0.0()",, 

1.:1• ., uf !he non-forli:ilc<i cnntrihutu,ns made on your bl:hall' a<ljuslcd for 

rcti ~mcnl ag~ and form ofbl:ncftl: .md 

ll ll"o of 1hc amoum guuranl~cd hy th.: l'cnsion lh:ndil (Judranly Corporatitln 

(PR('j(") 

Nnn-fill'l-.:i!cd cnntri hul io ~ lo 1 ~ Pl an on yuur he half total S I.\2<J0.2J. 

1.1% of !he o1nn fnrti:itcd conuibutinns aflcr ncljustmcm for 1\:lir.:oncnt ag.: and limn of 

bcnclit.:quals SJ9S.77. 

II 0% of !he 1'1:!< rC !,'Uaramec 1~ S-158 12. 

Th.: greater nf llll)se twn amou nts is $458.12. 

Please nnt.: that ynu :ore nnt pennino!(l Ill chang.: tht: li1m1 of bendil that y•'u have already 

choscu. ~o. if Y•'u on: curl\:nlly rcc<:l\' lllg u C)uJii ti ecl .lnint & 50% Sltrvi'w Annuity, you will 

cllntinue to nx'""" u Qualified .J nml & 50% Survt\ur Annuity. 

In 1he c' cnl that th.: Jln>J)("OO suspension ;, .1ppn••ctl. th~ -.-.:tual .:ff.:ct of the su,p-:nsinn on you 

may be different tlmo !he amoum~ in th1s nntict: tlu~ In n change in yl•ur circumstance~. Fnr 

exampk. ~ltlditinnal work history, change> Ullll:tritul status, approva l ,,fa new QDRO ur changes 

to an existing QDI((), d.::. 

The Plan's actuary lm~ cal.:ular.:d thai il' lh<! proposed cdu~ ion~ tu·~ nt>l impkmcnted, then the 

l'l.ul is pnticdctl In he ioN>h t:nt and uonhk w pay l><:nclits when rluc in 2025. If th~ l'bn do-:~ 

not ha'c enough money 10 pa} b-~ndits. your hcncfil 1\llulcl b.: 1\.'duc~tl 1<1 the mnouhly PB('j( '. 

t-tu;tmn!ccd lc1 cl Ynur estimated month!) PBGC ·KUJrdllleed level is ~-H 6.-17 

\'our hcnct'll wl11 llt• hit.:hcr thnn the i'B(;C'.;tuao·anteed level if' the JII'IIJlCISNI bt·nclit 

rcductinn is uppmvccl hy the Treasury Dcpnrloucnt and hy !he votln~o: JII'Ot'CSS described in 

the 1\cHkc C)f Pt'CJJIOSl'll Rcclul'liun uf Yn ur l't· ~i on 13enclits that wa s included with this 

·~ tim a tc. 

14. 18 
HIUCKLA YERS & ALLIED CRAFTSME1' 

LOCAL NO.7 P£NS10:"11'LAI'\ 

33 I' l l ('II LIOULEVAIW 

.\l:STr.-1TOWN. 0 1110 4-15 15 

l'hone: 330/270-WS.\1 oil ftcc 811(1!4}5-ZJ~X 

1-1 0\\ \ 'OLIR \IONTIILY P.\\'\IEKTS \\ILLIIL\FFI::t"I'[O 

Partkil><lnl CatCJ~Or : Re tiree In l'ay tal~t s A~c 75-!!0 

I'll is estimate of I he ct'l'cct of rhc propnscd du~t ion 11f bc ndits h:" hcc11 prepared for: 

All dollar amounls s~xl in this nou.:e are es!UllaJC> onb.- Th<.: actu.tl :unnunt yc>u receive will 

dcpcml 011 thi1tgs like huw ILing you woo!L·d. wlwn you begin receiving pli.)'I11 L'Il l~, changes in 

~r tal st811tS. cac. l lowcvcr, lhe Plan ha~ attempl ccl to calculate <~II doll1u· l1 1llUI1 ~ us accurately 

tL' possib I c. 

II ow the ·o po~c<lt·cd li on in ueucfi ls wnul•l nl'fcl't yo u 

T he Phm cons1d.:rcd )Our year; of scn·kc us ol' M.J) I, 2016. 

Ynur currcnl monthly he11dir is $4-12.57. Uudco the propo<ed reduction your munthl) bcndit 

wll I he o-cdu~e<l II' S4J0.79 beginni ng o n Ma)' I. 2017. 

('m rcnl I kndit: 

llenclit L,n,kr opos~d Reduct1nn: 

Amount Uu:mmtccd by l'llG(" if Pr<>pus~d Reduction is Rcjcctccl 1

' 

$442.57 

'!;410.79--

$362. 1 f\ 

Pk<l5Cs.:c the >t:.:til>n llcluw ~ntitk'<l". \lhlitlnnnl nformatiou u>cd in ruo r ('alcuhtlion" for" 

funher e.xpl<m3tinn of how the Piau ,lrri,~-d at your nc\\ hcnclit :unuunt. 

l11c 111·oposed reduction r5 I>Crmancnt. 

This is an ~s ima ~ of th ~ cl ~ct o i' I h.:: propnscd ICiiuc tiou o 11 your hc1tclit under the Plan. It os uot 

11 li nal h~nc il cukul.tlion I h is wns ~ llS~ ll lllllg thul the prOilOSCd b.:uc lit r·cduction Shirts o n 

\1,\y I. 201 7. lf the bvndil rcductinn st:tn~ ut~r. li te cl'kct o l' the prnpllscrl rcduc lio n on )l>Ur 

hcndit might be dillcrcnt 

14.19 
You lwei II Y~' ' ul'c ·~tl tcd s<.: t~C un<lcnhc Plnn as ol'Muy I. 20111 . 

Yuu will ~ 7R :mtl S mnnthl~) ns o f M.1y 31. 2017. 

\tltlitiunal lnfnt·nutlion n\eu in your Cuknhlliun (bu•cd on Piau records) 

The lim11 t1f hcnclit you m~ rc'Cridn~ i, .1 joint & 511'\o survivor, \1 hkh eau<ed your 

bcnclit althc time It> he reclm:erl by 1~ 13 ).,, 

Your ag~ at retirement wns 62 and 0 ntolllh(s), 11 hkh caused your hcnc llt :tt the titn.; ht 

h.: duct·cus ~d hy O.OO'X •. 

The utnmmt of the rccluc.:d b.:nclil i> the grc•ncr of: 

1.1"• of th.: non-lorlcitcd ct>ntrihuticm< macle on your b.:hnll adjusted for 

t'<!lin:mcnl age and fom1 ofhenclit. nnd 

I 10" .. <>f' the mm•unl gunrantc.:d by lite Pcn,ioll Bcllclil <lu:mmty Ce>rpot·atinn 

( 1' 11(0<') 

Non-fnt felled COIItril>ulionsto the Pl un t>n your h.:halftntnl SI5526JS. 

1.3% of the 11011· tb ti'cit~d cOtllribut il>lls c'<lll,tls S 17 -~ .. ).1. 

II 0° o uf the I'll( iC guarnnt~-c •~ S.\%.-10 

Tho:: gn:tll.:t· of 1 .. V!o (lf non-lot fcit.:d Cllnlt ihUiions :md 110% of the PBGC g.ttat'11 nlec i:. 

~39S.40. 

Under the tea ti tS of the htw, bc s~ yt'll ili'C between ages 75 und XO, the umnuut of yllul' 

bene lit r~du.:t inn t~ less that! it would lx: 11' }t>ll w~r<l below 7:-. 'l'hc doscr you at'<: lo age 

110. th.: smaller )~>Ur reduct inn will h~. 

Su. b<.-cuu'~ ''' )<>Ur :t)!c. )'tmr ne\\ benefit amount untkr the pn>pn'~'lt<~luct •'ll \\ould he 

'S4 1 ( ).7<). 

PBGC Gt~arant~cd Ot•ndils 

The Plan's actum-y hns cnlcuhn..:d that it' the proposed rcrluctinns ;n\' 11111 impk:m..:nl.erl, then tit<: 

Plan is fll'lljcctcd 111 he n~• •l vclll and unuhlc tv pay b..:nelits when d11c 111 ~0~5 . If Lite Plan docs 

11ot Jta,c enough IIIUIIC) to pay b~th:lils, your hcn..:fit 11 l>Uid be t-.:tluccd to th..: mnut hly PRG< '. 

t:.uramccd k1cl Yc>111 C'linMt-:tlllh>nthl) f'BGC-gu .• rameed le>cl i-; $362 I\ 

Your hl·uclil "ill he hil(hcr tha11 the I'BGC:-gn:1t·auteed 1,., d ir I h•· pmposfd hen cOl 

rccl ucrioll i~ aptH'O\rd by the TrNtSur~ ll cl>llrlmrnt nnd h)' thr volin~: tlrOl'hS de•cribfd in 

14.20 
th e Notice or f'I'UfW'Cd l~cducfinn of\ 0111' p,,nsiou lknelits that \\liS included with this 

"~tllllll t. 

14.21 
IIIOCKL\ \ t:ns ,'I.e \1 .1.11':1> CRAFTS~ IE:"! 

LOCAL ~0. 7 l'ENSIOl'l I'I.A!'; 

~3 1' 1 I'CII BOlJI.F.VAR [} 

Al STII'/TOWN, Oll!O 44515 

l'hc)ne. 3J(), 270-0-l.'n l'c>ll frc~: R00'435<!38S 

110\\ 'OL R 1\ IO~T III. Y VA Yl\1 £'1(TS WILL B£ ,\Jo'FL:<..TEO 

l'articipant ategor~: etire~ Uoukr A~:c 75 Receh ing Disahility 

This estiomue ut' th.: cl'fi:cl ol'the prupo;cd rc•dud iun 1>f'bencfits has been prcp,1red thr: 

llow tbe proposed rcdurtion in benefits 11 ould nfl'ect you 

111C Plan cootsidcrcd yuu r yc<~ s ul'sen•icc us of\lny I. 2016. 

FIH:ctive August I, 20 16. your disabil ily hen.:lil pnymcnt will convert In an F.arly Rctircn1 cn1 

benefit assuming you submit the pmpcr application materials. A lcllcr dc~crib ng this process 

wns sent 10 you un Juo11.: 23, 2016. As~um in g you begin receiving u lilctimc annuity eftccti'" 

Augu.-;l I, 20 IIi, your nlUnlhly bcnclil 11ill be <; 1,2S5.')5. Under the pi'OIJOSCd reduction your 

monthly henetit will b.: reduced to $1.273Jl2 h..:gonnong on .Yin)' I. 2017 1 • 

llcncfit Bcs;innong /\ugu~l I, 2016: 

Benefit Under Propos~d Rt:dudiun: 

i\mollltl Uu~mnr..:cd by PBGC' il' Pr('ros~-d Reduction is R~jcckd' 

rh..: proposcJ re uction·~ pcnnancnt. 

s 1,2!\5.95 

$ 1.273.02 

~ $7Z.OO 

Thi'< io; an estimate of the cftcct of the pmp<~sctl r~duction on your benefit under the l'lnn. II i' not 

,, tlnJI bcnclit C.1l.:ulntocltl. This was dune ,l)MIIlllns thai I he prnpuwcl hcndit reduction stnn,; u11 

\ ·1ay I, 2017. If tht: bcnefi1 r"duction st.ln~ l:u.:r, lh.: dlcct of the proposed rc'<luchun on \!lUI' 

hcnclit mighl he cliflcrcm. · 

This c~ti 111:11..: is ""'c·d on llw fbllt>wi ng in fonnat iuu lhnn I' I an n.:cords: 

Yllll htll<.: li1 year~ of' credikd sen icc undcr the Pl;on as of l'v1i!y I. 20 16. 

Ill...·~ .;m:o:mh wt11 ht· ... , 1t you uk~ ~vur l'<n.:lil Ill d ,lall~·r m ft'mt ~r it th~:t" is 1 t.t~tJhlk.,t pr ... ·rctll\:r.h.·nt 

tU \ol\ttr :mnui1~ I , •• l'\,uup •I >·''"eft"\"' II~ hti·mnnlh 11.uarJmc·.: f\"' n ofll('lll'fll dl'l'tll\ l' \ut!u"l 1. 2U lb., .. ,,,, 

1"1011'h' y bt":Ct"tir ,lfh•l "-\J'I"\:11-.tl'll \\Ill l'<: 5.1.170 (J I l'k·\.-ot l<t-~p in IHIJttl th._~t I hi.' II.' an.· nlll\.•f l·"lnh 11 f hcn~~ih 

.w;ul.!hl!! unrl(~ r 1h1' J,l.1n .h \\l'll Cum'l::' l b~ Pl.u1 r Jl)i...-..· fM b nhr'l inli.H IU.Ilhtll 

''-: ~,. • '\:'-''t") til lJJt< f\tJitl\.' c•f' 1\ 't •'J~hcJ J{nhtl'lt 111 ,,r~ ·IHr Pt'lhll'll Uc1tdil:-. \\hh.:h 1, 111dU1h •I \\lilt hi~ .:slim,"\h:. 

14.22 
• rhe 11011il1ll of your ~m: lh: ll i' hascd on disability is $1,27:l.02. 

Additinnal lnformntlon used in your Cukulutlon (h~sed on Plan rcrurds) 

Your age un Au!lu't I. 2016 will he 57 )Cars and I I months. "hich 1\ 111 ~.tusc your nondi,ahility-ha,ctl hcn.:lit at the time h> he reduced by ~K57•. 

ll1c nmw1111 nf your reduced bcnciit is thii !:,'Teater of. 

t.J% ,,f the non-forfeited CCinlrihutilll" made on Ylllll' behalf adjusted li,· 

retirement age and form ot hcnclit: ,md 

II o•., of' the amount guaranteed hy the PcnsiC1n llcncfit (iu;~ranty l'orpumtion 

(l'l\(j(.') 

:'-lon-fnrt\.:1 h:d cunl ri hut ium lo the Plan on your behal t' total S ~I) 5:>0. (>() 

1.3% of the non-forfeited on rih ut 1on~ <ttlcr adj ustment lin· rctin:mcnl age and form ol 

benefit cquttls S55~.00 

1 1 n% .. r the l'noc gu;1ramcc is $629.:!0 

• The gre<llct· of tho~c hH> amuunts is '&629.20 

Hnwcvcr, tutc!cl tho: law. your benefit cannot be reduced k•wcr tlmn the amount thai " 

based on dbabili!y. I he a1uoun1 ha>cd on dtsability is $1.27.~.02. 'I hen:li• ~. your 

bcndit :11llnunt nflcr the r·cduo.:t ion will be $1.273.112. 

In tl tc event thai tho: prnposetl suspension is uppn•n:d, the actual effect Ill the ,u,pcnsion on you 

may he d i A'ercnt tlw n the nmou nts i 11 thi' lll>t icc d uc to A chang.: i" ynttl' cn·cumstanct:>. I' or 

c.~amplc. ndditional Wo•rl.. history. changes in morttal5latus. appmul of .t t\l'W QORO or changes 

h> an .:~isting QDRO. etc. 

ruc;c Guaranfccol Rcndit~ 

The Plan's actuary ho~ s cakulntcd thnt if' I he proi>Os,•d rcducti<•ns arc not irnpktncntcd. then the 

I' Inn is projected to he insolvent uno! 1111ahk 1(1 f':lY l>cnclits when du..: in :?.025. If' the Plan docs 

nol l have cnuugli money to p:1y bendits. your l>cnc li l wo uld be rC<h1Ccc1 il' the monthly J>R(i('-

gunr:mtecd le\.cl. Yt>lll estimated lllOillhly PH< i( '·guarJntc..::d level is S572 00. 

\ntH hcncfit will hr ltij!hrr than I h~ I'B( ;(. -~: arautced lc' cl if the prnt>o,cd beuefit 

reduction is :lfiiJI'UHtl h,\ the T t·ca,ury UepartntL'nl and h) the HJfin~: Jlrocrss dc~crihetl in 

the 1'\oticc uf Proptl\ctl Hcduc1ion of Your r'cnsinn Kcnefits that 1\liS included 1\ith l'ltis 

C'fint:tll'. 

2 

t4.23 
Retiree All Y curs At 4.1"/., Formula 

14.24 
BIHCKI.A nm.S & ALULW CRAFTS!\ lEN 

LOCAL NO.7 PENSIO:"/ PI .A~ 

.13 I'ITCIIlJOULE\'ARD 

ACSTNTOW tl.. I lllll l 44'> IS 

I' hone: 330/270-().153 Toll lh:~: 800'-135-2.\SS 

HO\\' \ OLI( ,\ 101\ 1'1 II. Y 1' \\ 1\1 1-:'\TS \\lLL BE AFFl<."I'I:.L> 

Partici 11ant C::llcgnr~ : l(rtircc Lucier Af.!f 75 

'I' hi ~ estimate <lf the effect of th..: propn<cd I'C(IuctiOII Of bcncli IS hao been I >I'Cillii'Cil I lor· 

How the pn1po~cd I'Cil nttiun in hen cOt• won1c1 affect you 

Th..: Phtn co<b<Jcrcd your ycms elf' sc•·vi<Oc '"of M:.<y I. 2!11 6. 

Your current montltly hcndit b :1>1.584.68 t:ntkr th.; pmposerl reductintt ypu1 mnotbly bcndit 

w iII he l'cduccd to $94 3.80 l><:gi nning on VI ny I , 2U I 7. 

Curn:nl Rcndit· 

Benefit l..nder l'roposed Redueuon. 

Amount Ciuarnnlccrt by PDGC il' Pn.•po,,'tl R ... 'tluctiun is R~J~t ... 'tl 

The Jli'Opnsed reduction is p<!nnanent 

s 1.584~.6:..:8:___ 

$9-13 8() 

~RSll.OO 

This is un estimulc nftltc ~n<.:ct or the propo~ccl reduction ou your b(:nclit umlct' the Plan. IL is out 

tt Jiu;tl bene tit c<t lculariot\. Tltis was don~ •t:.suntit1g th,,t the proposed l>t:ndilt'<:tluction swrts on 

1\.lny I . 2017. It' 1 It~ bcudit r<tlu<.:tion starts I nrcr. the dTcct or the J'fUJll"ctl ~lucl ion nn your 

h~nclit ruig hl he thll\:rcm. 

lltis ,_-,titnatC j, bn,cd (IU the lollowing inlnnn,tltnn fr111n l'lan ra:onk 

Yt•u h;~w 24 y.:ursnfcrt:dHed wrl'icc under the Plan a~ nfMny I. 20 io. 

You wi ll h.: 71 <tnd I mnnth(s) 11' nf'l\lny 11.2017 

.-\ddition:1l I nf'ormntion ns~d in -o ur Cakulatiun (ha ,t•d "" Plun r ccurth) 

The fprm of hcnciir Y''" are re.:ci\'111~ ,, " Jlliut & sn•. "'" iH>r. wlndt c:mscd )Our 

hcndil :nth.: um.: In h~ rcdu-:cd hv II .IHI"o 

14.25 
Yuur ag..: all'Clir..:mcnl "as 5S :mJ 5 month(~)\\ hid• cau,.:J )Our hcndil .tllhc 1imc 1<> he 

t e<htCet! by l·U 9% 

"J he :\lnounl of }c'u' rcdu.:c<l hcnclil i~ the grc~1cr or· 

l.J% of the non·l'vrl citc!l cu11tributiuns malic L>n your bchalC 1uij cd for 

retirement ag..: a11d t~'nn ol' bcncfit: :111d 

I I 0% o f tlu.: <lllloulll \;ll :ll~tn cct.l by the PcttMtlll l'lcm,:lil G<t.u11lllY ( o rpomtion 

(I'll< il'). 

:'\un-lorfcitc-d contribulit>n~ ll> 1hc Pla11 un yL•ur behalf total 569.589.~3 

I.J0to of the non-lorkitct.l Ct<nlllhutioll> .tfi..:r adjustment f<>r r..:tircmcnt a~.: "'"' fonn uf 

bcncti1 equals $690 1)0 

110% of1lte PBGC f:\Uara111cc is ~1)4J :$0. 

The g•cnlcr oi'lllosc two mno nt~ is $94J.SO. 

l'lcU.il" note lhm you ll t\: not permitted to change the l"onu Of benefit that yt>tl luwc alrc;uly 

o~c . So, i I' y11u an: cun..:ntl y rt·cch i11g u QuJiili cd .foim & 50% Survi\1>1" Annuity, )"<>u will 

cnntinuc to •·cc.:ivc n Qunlith:cl .l ninl & 50" o Survivor A1\11uity. 

In the C\Clll lhntthc projl<'<t.'d ~uspcn~ion i~ Rj)lll'l.WC<I. lhC a..:lllnl.:m."l:t of the SliSjl\:ll'>ion on you 

nmy he t.lilli:rcnt thdn the aml.lunls "' tho' nuticc du.: In a chang.: in your .:•rcum~luncc~. For 

c\ulllplc, 11tldi1ional work hi,tnry. change> in marital stan••· appl\wnl or u lie\\ QORO or chan!Lt:l' 

10 on existing QDRO, <.:1~. 

PllG<" <:unmntccd Benefits 

The l'l:o n\ :t-:tu ary has ~: kula lcd that if th..: prul)"'"d 1ctludiun' arc nnl im lcmcl11i.~ . lltcn the 

l'km 1s projected to be insol\'cnt nml unnhlc 10 pay l>cnd irs 'dt.on Ju..: in 2025. II" I he Plan docs ll"' have cnough mom:y lu pay 1>-:n.:lib. yow h.:nclil '"'''"" be rcdu.;ed to th~ mo nthly Pl3GCguaruntcc<l level. Yourcstimntcd 11\UIIthly P110C'-gnamntc..:d kvd is $M5S.OO. 

Yonr hencfit will be hil(hcr thuu the PllCC-guu ra ntccd level if the JH'II ~cd benefit 

rcllnction is apt> rond by ~ Treas ury Oep:u·tmcnt and b) the \Olin!! procc>> dc~crih ll in 

the "'ntire ur l'l"l>j)U\Cil n cductiun .. r Ynur cn~inn lk nclit• lha t \Ill\ im·lllclrcl with thh 

r~tir utt•. 

14.26 
~IHCKLA YJ::RS & AI.I.IFJ) CRAfTSMEN 

LOCAL :'110. 7 t>ENSIOI'\ !'LAN 

3J FITCI! IJO\. LIWI\ 1{1) 

ALISTII\TO\\'N. OHIO -14515 

l'hnn~: 33(J 270-0-1~1 lnll li·~~: ~00 -135-DSS 

!10\\' \'OUR MO~THL Y 1'.\ Vl\l t:N'I SWI LL U~ ,wn:cTED 

f'nrticipant Cnlcgory: Retiree In Pa~ Sltotus A)!C 75-HU 

This ..:~ ti m<tle of'l ho: l.lfli.:c t of the propc>sed rcJuction ol b..:ndil• ha, hccu prCJntretl J'nr: 

All dollar amoun1~ u~cd in !his notice arc csrimalc' tmly. rhc :t..:tual umn11n1 y('lu rcc.:iv.: "ill 

tkpcntl on thing' like ht>\\ long ynu wnl'kcd. when you begin rc.;ci' ing puymcnls, change' in 

marital talus, etc. llnwcver, I he Plan ha~ allciUJllcd to cakula tc :til dn ll ur amounts as accur:udy 

iiS pussiblc. 

lluw the pt'UJ>oscd t•cduclinn in bwcllts would ufl'ccl you 

The Plan wnsidcrcd your yc:u~ ors~rvkc as c>f \1a) I, 21116 

Your curl'cnl monthly bcndit ;, Sl.9ll>.97 l.ndt·t·thc 1''"'1'0$<-'d rcduclion your tllonthly bcn.:lit 

will I><! t•educcd uo SI,K11.25 hcginning c>n :V1,ty I. 20 17 

C'u 1'1 c111 I k ndit. 

Hend il l. ndcr l'mposcd Rcductitln: 

Atlllllllll Guul'uHI.:cd by I'BG(' i J' Pmposccl Rctlu.:tion is lkjCClcd" 

.1> 1,9 I 1\.97 

$ 1XU.2::::. 5 _ _ 

.'li 965.2 "-5'----

l'l~a.·><: sec th~ 'c~ti~>ul~el,m ..:ntitk.~l "i-\tlflilional lnfornutlion u<cd in ynur <'nlcnlation" for~ 

limh.:r nplan,tllnn nfhuw !he Plan arrivcrl a! Y•'UI llC\\ l>cnclil amt>nnl. 

1 h~ Pl'<liX>.<cd rc:du.:ltnn is pl!rmanent. 

I hi.> is an estimalc nflhc cft'i::ct of the propvscd rcdtt ~l iu 11 ' "' Ylllll' hc11t:lil untl.:r the Pla11. II i< nnl 

" fi11al bcuclit calcululiun This ''us dune assumtng thai rhc propos..:d bl!ttchl r~ducli nn start:, on 

M ny I . 20 I 7. I r the ben eli 1 rcdttcriou >I<IIIS Inlet, il ~ .., l'l'cc! "r !he pn•pnsed rcdu-:titHl Ul1 Y••Ur 

hen.:! it might 1>-: tli 11~ 1 Clll 

I ht< ~slino.oh:" h.o;c,J nnthc li•llnwm~ inf,>nn.11 tllll ln'ln Plan rccmtls· 

t4.27 
You will be 7') and(> 1110 11 1h(~) a~ fl\t 11. ~0 7 

Atltlitionnl lnfonuationnscd in )lllll' ('ulculation (l~:"cd on l'lun records) 

) he form ,,, llcn~ lil you ate ,-,ceiving is a Jll1111 & so•. <lll"\11'01', which c.m<ed ~L'lll 

h~neiit at the time to he educ~d hy 13.03•o 

Your age at rctiremcm Wl» 64 und I lnl'>lth(<). which cau<etl )'(lUJ' henclit at the tim.: to 

k tl~-.:r~•"~"l hy n oo•· •. 

1 he amllu>ll ,,f the reduced hund it is the grcntcr ul: 

I.YXo t>l ~: IIOII·I'urfcited conrributiu11s made 011 your bchulf :ulin<tcd {(ll 

r.:tircmcnt age and till llll•f b-:nclit, untl 

II 0°-~ of the amount gu:mmtcnl hy the l'cnsion Ocnclit Ciuar.tnty Coq>nration 

IPOGCJ. 

Non· forl\:iiCll cuntributinus to the I 'Inn on your h..:hal f' lnt.al '1>51,3 I 0. 71 . 

I V''o ot th..: "''"·lor \:it~xl wntnhutions equals S602.i I. 

II 0% or the 1'1 \(.j(.' guuranl ct: IS SI.O(ol 7K. 

l'he (!I'C tcr or 1.3% of tlt'll furll:ned contr ibu io n~ anti 11 0% of the POGC guarant.:c is 

51.061.78 

Und<:r the I~J1t h of h~ Ia". because you tu-.: h.:twecn a g.:' 71 .11 1d 80. th.: amount ul' ynur 

henefi1 rc..h1o;1 ion i:, lc:.s tlun 11 11 <>LJ id be if yvu II' cr.: bdow 75. 'I he c los.::r you are 10 age 

SO. 1 he smaller your du.:li(1 n will be. 

Su. hccau~c 111 )'I'll' ag~. )our new b.:nclit amnum un<kr th.: 1"''1""'~-..1 redu.:t1on wuLJid he 

$1.~33.25 

PllGC Guimml ccd Hcncfits 

·1 he Plan'• actuary h.h cakulatcd thm if th.: pwpu.<ctl rcductt;Hl~ ar.: 1\1>1 nupkmcnt cd, th.:n the 

l'lun i.< 1>roject~'XI t;• b..: in~lvcnt and unable to pa~· b.:ndit' \\hen due in 202-i. If the l'bn do,:,. 

Ill>! h . .-.: .:nuugh muncy tu Jl~Y hcndils, ~l>Hr hcndit \lou!d be JCdu.:ctltu the mnnthl) PBG< · 

ttliUI".olliCCd kvd. \'o>UI ..:stintal.:d nlnmhly 1'1\GC-guur:u\l"cd Ievei i' ~') ,-; 2.1 . 

\'our hcncfil will he highr 1· than the f'B< :< ·f.lllll1'11nlrt·d lcHI if the proposed hcnct11 

J't•tluctlon i~ :l(llll'll'cd ~ the I t'l''"""~ Dcp~rlmcntnntl hr the voting proc<''' llt•<c•·ibed in 

14.28 
rhe Not ire of Proposed Reduction of' Your l'cnsion 3cn~fi s th:lt wa s included "ilh this 

('stimatc. 

14.29 
BHICKLA Yli:RS & ALLII::O CIUVI'Si\'1 Ei'i 

LOCAL NO.7 I'EI\SION PLAT\ 

J3 FITCI I BOULEY i\RD 

AUSTl:--JTO\\'\', 01110-1-1515 

r•hnm: 1"10 270-0-153 Tt>lllr.:c: 800'-135-2.1:!\ 

HOW YOUR ~TO.'ofl ~11.\ 1',\\';m :i'\TS WILL BE AFFECTIW 

Pnrlicipanl Otlc).:ory: llr!irec In l'ny Stnhll AI:C 75-SO 

'litis ~$lilllale of' I he ct'f'ecl of' I he fl i'OJ)O~Ctl l'~tlu~linll o!'hcnclits has b~<lll)li' l<l l'cd fur: 

All dollar ,1moun1s liS..'<I in !his notice •trc cslnnatcs o!ili:. The ncl1tJI nmouul you t'O!Ceiv.: will 

depend on lhin)!s like how long ynu worked. 11h~n yuu begin rect:ivin)! (lrtymems, chang'" itt 

narit~ l status. ~l c. llowcvct, tltc Plnn hus aucmplcd lo cu ~tc all doiiM ntttOunts us nccuraldy 

ItS llllSSihftl 

llnw rhe[U'<liJoscd rctlucrio tt in beuefits ~>ouhlurt'cct ynu 

rhc Plan cuu~ttlcr~xl ~nm >""" nf ser.·ice a; of Vl:t} I. 2016. 

\\•ur ~un-..:ttt mnnthl)' hcndil ;, 1i3,905.4'\. Undc1 1h.: proposed rcductum )<>tu· monthly bendi1 

will he rerluced In'!. 1,2S2.7X beginning on Ma) I, 20 17. 

Current lleuc lk 

Llcnctit llmkr l' 'O l<>~c d Reduction 

Amuunt <ium111llCCd oy PBGC if l'rtl(l,IS.'d Rcdu.:tion is R<:JCC!cd!" 

$3. \105"".4::;5:----- $J.2l:!2. 7il 

$l. l OS.25 

l'lca'c sec lhc sc.:lion hclow emitted "Addilion:ol 1ururon111ion nsL•d in ~onr Calrulalion" li.lr ,1 

lim her explanaunn of how !Itt: l'bn :to,-i, ,'tl .11 yuur nell lk:ndit amnunl. 

l'he propos.:d t·eductic•n i., p~rman<:m. 

l'his is an csl i mate of 1hc clli:~l ollloc ~'"'l "' ~~d t'cd uc 1 ion n n your bcuc li 1 til tdct the !'Jan. I 1 is JIUI 

" limtl hcnclil c:~k ulalilln Thi' w:ts done tJ 'lll tt ing lhftl the pruposcd hcucfil ·cdu fi(\ t ''"rls nn 

'vl.t) l. 2017. If lite h~ndil teduclit>n 'tm1s later. the effect ot' the f>l'l'l'"'"'''""uclinn on yo111 

~ndit mi)!hl he d i I !\:rent 

14.30 
·o u hJtl .l l year~ of cr~th -.:<1 ' "'~" tllttkr th\! Plan as nf 'v1ny I. 2(11 6. 

~ ou '"II h~ 7~ nntl 10 lltullth(>l '" ot'M:ay 11.21117 

Addilionnl lnforma tiuu "'"''in~"'"' ('nlrnlnliou (basrd ou Plan recurd') 

Th.: h;nn of lx:nctit you nrc h ..:eiving .. t' n it'int & 5()0,. survi\(>r. whoch cnu•cd your 

benefit at the time to be rcd c~.'tl by 1~.4 S•o 

Your 3gc nt rctircm.:nt was 62 and Omomh(s). wltt.:h causctl Y"'"' hcndit at the m~ to 

be dccrcnscd hy O.Oo'Y., 

Tho: llllll'Uill t>l" the t.:<luccJ hcndit i· the {!rO:atcr or 

I.J"• ul lh.: nun-t<•rt';:itccl contrihutoom nmoc on your hehalf adjush:d for 

n:tirement ng.e and form ofb~n..:lit. and 

I I '~• ,,f the nmoum uManl~ctl hy the l'ottsiou lkndit Gu,II Hilly Corporation 

(PI:K1C). 

:--loll-looli;it..:<l <.:tlllltihution' '" th<= l'l.ut un yiJtll l>chalr tow! S II I .254.4R. 

1.3% of lh..: llllll·lnl'l\;ttcd -o<>ntrihuti<1il' Ctlua ~ S I .236.85. 

II O'!.olth-: PBGC guarantc...- is '>t.! I •J.U~ . 

The grcut..:r or I .3% of non-forfdtt:d ~<•ttt ibt ll ions nml II 0~ .. or the I'B(i(' gusrantt:~ " 

'1> 1.2.H>.R5 

l!ntlcr the ~ ot'thtJ lmv. L:>:ntt~ ..: you urc h.:tween ages 75 unci II . the liiiHHmt of your 

bcm:lit ~xlu ,; io 11 is kss than iL would b" it'ynu "'-'''~ bdo" 75. The ..:loser you arc to a~-te 

XO. th" smullor } IIl ii rcductiQn 11 ill b-: 

Sn. I"-"•"''<: 11f ynur al.lc. )'''" new bi.1tclio ;unnunt unrler the prOI>l'S<!<I •~•lu~liun \\'OUid b.: 

$3.282 ~ 

J'BCC Gunrnntct:d llc ctir~ 

The Plan's actuary lu' ealculatetlthm if tltl! po 11po,cd rcdut:tions '""' ""' itnpkntcntc<l. then th~ 

Pla11 ;, J'rt>jcct<.:d to he i"'"'"""' und uuabl.: It> pny b..:ndits "hen due in 202'> II' lite Phm dnes 

not h:ove ennugh III<Hl<:y w pay bcn..:lit>. )'IIlii h..:ndil '"mid be t.:du.:cd to tit(· lllc\nthly 1'1\GC'-

J.:Uar.nuc,~l k1 cl Yc nor "'' i m.tted monthly I' llG(. ~uantntc.:d lc\d t~ :'II. I UX . .!:i 

Your· hrncfit nill ht• hi~her than the l'H(;( -::uoll·ant!'cd lr\·rl il tht• Jli'UJ.IU'rd beudil 

rctlucliun is UJlJlrHHcl h~ the Trc:o~uo·y llt'l>:ll·toueut :111cl h~ lhr nllint.t jli'O('C~~ <lbl'o'ih"f1 in 

14.3 1 
lhc Nu1icc of l'c·npc"l' cl HNiucllou 111' \'uu r l'cu,lnu lll'ucllt< th:H 1\:l ~ inducted with thh 

csrimalf. 

14.32 
BRICKLA YF:R~ & ALLIIW CRAFTS \I F.~ 

1.0(',\1. 1\0 . 7 PF:KSIO"' I'L,\ ;\ 

33 FITC'H ROl LL V ARD 

,\I JSTJ\II'OWN. OHIO 4-l515 

Plwne: JJ<Y2i0-0~5J Toll li·cc: S00/435-2.:\~~ 

11 0\V YOUR l\101\"TII LY PAV\IF:NTS \\'ILL Ul!: FI~CTED 

l'articip~nt Category: Alterualc Payee In l'n~ Statu.s Under 75 

nus c,;timatc of the effect of the pr<lp<>~~~lr~J~Iucuon of bcnct1t;; lm~ hccn pr.:p .. r~.:~l tor: 

IJ()n the proposed reduction in benefits \\Oultl affect you 

J'hc l' lnn c.:on<idercd the terms of yom Quah tied Domestic Relations Order ('"QDRO''l and th..: 

l'urt ici pant's years or scrv ice us of :VI ay I , 20 I (1. 

Your currc:nl monthly bene f'i 1 i ~ j,(>l;(0.5 3. L: ndcr th\l 1"'" 1'""~1 reductil'll your IJ11)11tl d y h<~ncti t 

will he reduced In $507 .2!J beginning.'"' Mny l, 20 17. 

( \11 J'CIII fkndi I: 

llcnclit Under Propo~cd Ro.:ductiun. 

Amoum Guarantco.:d b) PBGC' i I l'rulli'S~'<I Reduction i;; Rejected 

S6RO.SJ 

so;07.2yS-161 ~~--

Pk-;ts(' scc the "C'C'li<'fl hclnw cntitkd "\d(lillnnnt Information U\cd in ~nur ("atcul~tion" l(>r a 

lur1ho.·r c~pl.onminn 1>fhtm the l'lan arri,·~'<l ~~your new heuelit mnounl. 

I lK' proposed reduction i' ~rmnn~nt. 

'I his is 1111 .:stir11 at<: ul'thc cfl'cct u t' lhc I'"''Pf>'cd rcoluctinn on your bcnditund~r ~ Plan. It is not 

n fi nn! bcnclit calculation. This was done ~sumin!l that the propn.<cd cnc li trcdu~t on slo1ts on 

Muy 1. 2017. lr tho.: h~nd t rcoluclio11 ,1,1rt' later, the crt'oct or the prol"''"" rcdu,·tiou on your 

hcnc:fit might he different. 

Thi-; c-.tuuak i' ha.<cd nn the li•llnwing mlonnntion lrom Phon rc.:onk 

Your share of the particip;tnl'' )<!Ill> ol ... r ... 'thlcd >en occ uruh:r lho.: Plan il> nt' 1\ lay 

I. :!01 (\ is I! 'J y~.u-s ut l'rt'thtcd sen ICC. lln' amounl has ho.:ct• pw-ratctl to 

:to.:cnunt 1\lr the terms ol' y,utr ()ORO. 

14.33 
llnd.:r tlr <' tcnn' o I' y.,ur QDRO, you urc .:rHitk:tlw 5!1"" of thr p<1rl11:rpnnt"s total 

vc~ cd l><:ncli I u~l.!d (lll coni rihul i 11 1~ I· hill the PI an I'C\:Civcd 1111 ht, lwhnl f he I wc:cn 

July ~. 197J nnd April 13, I N~. 

Y l'U will he 68 Yems and 4 M,mlhs uf ngc as of I\ lay ) I. 2017 . 

.-\tltlilional fn fornmtlon used in your Cnkulution (hnsNI on Piau rccunh) 

• The fonn of hen.: lit you arr rece11 ing is n 60 nllmlh gu:rmntec. whtch cnuscd your h.:m:lil 

:.lithe tnnc to be rcdu.:cd hy 2"1, 

Bused on ytrur agt: :r ntl lhc arlic pttnl '~ 111-\C when he retired, your hcnclit ~ adjusted by 

7~·0. 

The amuunl of the p,lrticip.1ul'~ •·cdu~c•l hcndit is lhc grcnlcr nf: 

l. v~. of th~ uon-1\rrleited contributim~> math: on tho: p.ullctp<lllt's behalf; and 

()" ~ ,,f the nmount guaranteed by the PcnstOrl Bcnclit Cinar:mly Corpora ti 1

, 11 

(PBUC). 

Your share ur ntm-l'brfeited contnbut Hms lu the Plan on the pnrticipnnt', hehalt; p.:1· the 

tcm" uf lhc QI>IHJ,totnl $2U,52S 75. 

1.3•·· of )our 'hare ui' the nun-fillfcitL-d contrihutions equals 'S21 ~.4!l. 

limo of the I'IIGC guarantee is S507 29. 

The c~tcr of I ·~· o f your ~h. ··· n l' th•• 11(>11 l<•rl~iterl wnrrihu nn~ •mel 11 0°', of th ~ 

PBCiC glllu'>lllh.:u is S~ 7.19. 

Licea us..: ,,r the ()ORO. ynt11· ucw hencfit mnClunt Linder tl11: Jl"'P'"cd 1 c:lductiun Wl•uld be 

$507 .:!<.l 

PIJUC Guarnnlc~1l kn~fil\ 

Th~ Plan\ m;ht.n'y has calctd:lled that if tltc pmpmed reductions :1r!' not i111p lcmented. tlu:n I he 

l'lan is project~xl ILl be insolvent nml u11ahlc ' '' pay l>cndits when due in 2025. If thl.l Plan doc' 

nc:>l hnvc .:: ou~-:11 11 11111<')' to pay hen~li s. your b~ ..: il would h..: r'()ducL·<I 10 the monthly I'BCIC· 

guaranteed level. Your csll milled month I y P RCIC-gu;mmleed Je,·d is :S-16 I. Ill. 

Your benefit 1\ ill he higher than th e PI"!(;(' l(UIII'UIIIced len! if I he pmpo~c• l hcnd1t 

I'Ninction h :tllJlltncd h~ lh~ Tr·easu r~ Ocparlmcut :tnd h~ thL· 1uti11)( prnec~s d~<cl'ihrd in 

thr 1\oticc of Prupn•ctl Rcducliuu nf 'our Pcu,inn enefit~ that 1\:l) inrhukcl with thi, 

('\t j lllOII C. 

14.34 
Rctirt-'(' Multiple Rates 

14.35 
BRIC I(LA YF.RS & ALLIED CI{A FTSMf:N 

LOCAL 1'00. 7 PE ON PLA:-.1 

33 FITCIIUOL'LI::VARD 

.'\lJST I" 1'0\Vl\:, OlliO ~4515 

Phone: 3J0:270·045J TCIII free: SOO ·135-n~;::; 

110\\ \'OlJ il \IONTIILY PA\"i\IE:'IITS WJLI.IH . AFI•I•:n ·t:o 

Participant Cutc)!ory: Hcncfkiar)' In Pny Sta tus Under 75 

This estimate of the d 'J'cct of the prupuscd n:duction of bcncllts has b..:..:n prq,arctl lhr: 

All dollar am.>unh used 111 this notice arc J;Stimat cs \!.nlv. 1 he actual nmoum you I'L-ceivc will 

~1 d 011 hi g~ 11 1-c ho'" long the: pillti.:ip:ull WHI s. when you hc:gin 1ccciving payment~. 

change.< in marilal <talus, etc. However, tlte Plun lw, attempted lo calculntc all dollar umnunts '" 

(lCCI.II'a!Cly OS pOSSib k:. 

II ow the propo)Cd l't•tl nc tiun in bcnctlt< woulll aiTtct you 

I he l'!an considered lhc Participanrs years uf,ervicc a~ of Ma) I. 2016. 

\ l)UI'currem montltly bcltCfit is $258.71. Under the JUI'lJ){ISeti reduction your momhly benefit will 

ht: rc ~ed In 'i>Hl 69 hcginni ng nn Moy I. 2017 

Current llcncllt: 

Bene lit lJ nt!cr l'mpmed Reduction: 

Amoum ~t.'<lily PBGC' if l'rppt>sed Reduction is Rcjcclc'<ll 

_s_·2_58_. 7::-1 _ _ 

:)243 .6:::9:--

S22 1.5J 

l'lc.1'e see the secti<>n b..:l•)" entitkd ''Atltlitiuuul lufnrmution used in your Cal~u atio1f ' Jnr ;1 

furth~r explanation nl how th.: Plan an·i\·ecl at your nc\\ benefit amount. 

T he propt>setl c~luc ti cm is penmment. 

'I his is an estimate nf thc effect o f the pro)>tJst:d n:ductinn on your henelil under the Plan It ;,. not 

n Ji n.ll bcnclil cult:ul:llit•n. Thi' was don.: ll~s rn in r. tha t the 1m•p0sc:tl hen.: lit redu.:tion ~ 11n 

Muv I. 20 17 1 r the n..:fi l r.:ductiun ~w s lalcr, tho: c:l'tec1 ,,r the II Jl •~c<l c<lu~ io n on vour - - h..:nclitmighl he tli l'l'cl\:nl. 

This .,,tintah: is h:1-.cd un the lhllmnng inli>nuatwn rrum f'lan recunl' 

14.36 
l' h~ l'ani.;ipnm had 10 ycur,(>fc rcditcd scrvkc under lhe l'lnn '"of May I, 20 16. 

You will be 70 and 4 mt>nlh(,ln' l>f Mn} J I , ~0 I 7 

Addlrionnl luformutiun used in your Cnlculnliun (hn•ccl on Plan record~) 

Tho.: lunn or hcnclit chosen by the p:uti\!lpJnt 11 as a joint & 50"" \llr\ h 11r which caused 

the benefit nt the time to be n:duct:d hy 10.87%. 

The p.ll'l icipunl' s "!!" at retirement """ 60 tmd .l momh(s) wh iclt Clm<cJ t h~ (>ru·tk ip:111r :. 

hcnt!lit utth..: lime lobe decreased hy 7.00'\o, 

I he amount of Y•'llf reduced heuclit IS the g1.:alcr o f 

l..l0 u ullh" nnn-lilrfeil~d conlnhutil>l" made nnthc r~u1idp.u11·, behalf: and 

110°;, nf the amounl gu,n'tml<.'\XI h) the l'ensi'"' [kndil Gunmmy Corporalion 

ll'l1(oC"l 

• i\nn· t'hrl'cilcd "'"'lribuliom to th~ I' Inn 011 the panicirunt's behalf totnl $ 16, I Sl ~ I. 

• l.l"o <>f'th.: non l'uili:itcd contribut on~ equals $87.20. 

• I Hl'!·o oil he I'BGC guanmlc<: is $241 (,1) 

I hc grc~lCI' 111 I. '"·• of nun-f<,·fcil<'<l C(lllltthutions ant! !IO~o of lhc PBGC guarantee " 

S2-U.69. 

PllGC Guaruntccll tlcncfit~ 

The au·~ a~tumy h," ~:akula ed thai il" I h.: pll>p<>sed reclu:tions nrc not im(llcmctllcd, th~n the 

l'bn ~ po·nJe.;hxl t,, b.: iusolv-:ut und uru ~ wpny b-:udits when du~ in 2025 If the Plan due' noo 

hove enough mon.:v to pay henetil<, your bcndit would b..: n.xlu~:cJ 111 th" nHmlhly f>HGCgu.Jmmeecl lcl'cl Y vur c~hmat.:d nwnlhl) l'llGC ·gunnunc.:d lel'el i< 'i221.SJ. 

\our beuelit ~>ill he highco· than I he PI3GC'·)t1n1rantccd !cHI if the proposed bcnrlll 

reduction i~ OJl111"0' e<l h) lht• Tr~nsn y UqJnrt onrnl and by I he voting proccs• dcsrl'ibcd in 

the Nulirc ur l'rupo NI ncllurtion ur Vnill' l'r n.•ion Bcnetils thai W:IS indud ed with thicsthnatc. 

14.37 
BIH CKI.A YE:I{S & 1\ L Llli)) CRAI' I'S.\1 E~ 

LOCAL. .:-10. 7 'F~S IO I'i PLAI'i 

J:ll 1'1'('11 llOULt:VARD 

.-\USTINTOWl'\. OHIO 445 15 

l'l111ne: 130.'270-().15.1 full It'\:.:: R00.'415-21RS 

HOW YOn~ MOK'IIII.Y I' \YI\IENTS \\'LLL llE AFI- ECHO 

Partidpnnt ('ukJ.tUI'~ : Retiree In l'ny St:llu~ \~c 75-~0 

i\11 dull,tr autl!unt~ usc..l in this notice arc estimate>. onlv. The actual umou nt Y<'~• n:cdve '"II 

dCJ nd on thing< like hnll' long you wo ~c,l, "hen Y<'ll begin rccci' ing payments, h~ngcs in 

nutritu l hllll ~. etc. I ll>Wcvcr. the Phm hus allcmptccl to calculate nil doll HI' HII10tllll< us accuratel y 

possib . 

Jtow tbe 1>roposcd rc1luction in benefi ts ~>u ullla rrvc t you 

I he Plan con~ider~..t your years of service as ol ;\In~ I, 2016. 

\'our current monthly l~nelit is $1 ,696.92. Undct the prop'''"'t) rclluctiun Ytlur monthly bend it 

"til be reduced to 1.9 l l.9·1 beginning 11 1 \ lay I. 2017. 

Current Ll ~nc ll : 

Bcuclit Under Proposctl Rctlucti unAmuunt <•u"rmlt.:..:d hy I'H<iC if l'r<1JlQScd Reduction i:-. ~j~-ctc 1 

,j, I (t'J6.'12 

'!;91 2. 94~-­

$750.75 

Please s..:c the s.:~uon bdow cmitk'll "Athlitiuunl lnronnution n<cd in you r CnlcuhHiuu" for a 

nmh~r cxplanntion o>f how the l'lan arril .xl at )<>Ur m:w bcndit amount 

The proposed reduction " p~nnancnt. 

This is atl cstinnll..: l>f thc -:;ni.:ct of the prupo><XIn:tluctinn tm ymu· bcn..:lit unclcr th~ Plan. It ts n~>t 

a final bene lit cakul uttun. lhis W>l' ch1nc <l >~lllll i ng thnt the propu~ctl bcndit ctlucti t~n slnl'\' on 

May i . 2() 17. II' t ile' bcndit ctlu~Jio u st;uts .t ~r. the etl'e..:t nf tlw I"''Jl" ' "d rc..luction 1111 y .. tu 

hcnclit might h.: tli t'fcrcnL 

14.38 
Ynu had 21 ~ca..,. ,,r cre<htcd :.CJ'\ 1<:c und~r th,· Plan as nf vlnr 1. 2U I C>. 

You wi II he 75 and (•IIIVlllhls),,. ~· I' !>lay .1 1. 20 I "i. 

,\dclilional fufonnntiou ust•d iu yuur Culculation (based on Pla n n•conls) 

The filrm of bcudit you arc receiving is a joint & 50°1, 'i' · .vhid1 cnuscd your 

bene lit al Lhc Lime LO he edn~cd by 14 00%. 

Your ogc at retirement wa, 62 mkl 0 llt<llllh(<). which caused your b<: ~lit at 1hc ti111c "' 

he de.:rca,e<f hy (l.(MI"o. 

I he nmount of the r•·duc,-u lx:ndit i> the greater of 

I .3% of the ntm fiu·f~ncd cnmrihutions made on your hdl.llf' :tdjustetl ""' 

rctiremenl age and form or b~uclit; uml 

II 0% of I he amou1tl gu.ll'dllleed hy the Pen> inn Benel'it Ciunr:mry Coq1nnnion 

<PBGCJ. 

Nou-lorl\:itcd contrihutiuus In the l'ltm on )'11111' hclla1f towl SSO, 194\14 

1.3% of tl1c nuLJ-lod \,ilcd contri but iM' equ:1ls S56 1.17. 

110'!,, of th.: PBGC' guarantee 1.< \q21.X1. 

The grcm.:r of .J~ .. of nunll•rl~tt,-.1 cMmhutiolt~ and 110% or the PBGC )(U ~rnm-....- is 

SS25.R3. 

IInder tl1c l<:llllS oft h.: law, he.:ausc )'Oll an.: b,,l\\ een .1~es 75 and RO. the: amount nJ' your 

bcnclit n:ductiOn l> k" than it llnlil ll hd if you we1·c bclo11 75. h~: clm.c• )'llll ore ro ag>l 

RO. the mull ~r your reduction will he. 

So, hcrause or your age. y(>ll l' new ~: li t !111\1111111 lllllicl' the proposed ICIInction would be 

$9 12.94. 

I'BC;C (;uumnt~cd llcncfit, 

J'hc f'lan·~ a..: tu a~y hH cakulatcd thm 1f tlw pn•po>..:d r<.:tluctiun' m.: nnlnnpkmc·Hctl, then the 

Pl:n ;, pruj..:.:l~:d 10 b.: insulh·nt ,md unahlc tn pa~ hcndits "hcu dm: 111 ,02S If the Plnu du~"' 

not h:l\c enough lllOil<!}' tn p:l\' 11\:ll<!lit', )'<'Ill bcndil would be reduced In the llll\tllh1) I'B(i(" 

gu.tr:mh:.:d k'd Your •'Nimdkd mnnthl) I'll( i(' ·bu.1!antc-.'tl k\d ;, 1. 7'10. 75 

You r h cn c lit will he higher than tht• I'DGC-:,:uun lllfcco l lcnl if the fH'O Jim~tl benefit 

rt•Liucliuu h appro,cd h) lh <· Tn·u"n·~· llcpat·flncnt nnd by the \'olin:,: Jll'occ'~ tlc\crihed in 

14.39 
the \lolicc uf l'o'llf!USCd Hctluclicon ur \'our Pension Benefits thut W:IS included with this 

cstimat~. 

14.40 
IIIHCKLA \'EI~S ~"- ,\I,I.IEO CRAFTSi\I F.:\ 

LOCAL ~0. 7 PF .. 'lSIOi\! I'LA 'l 

J3 FITC'II IIOU LEV ARD 

ALSTII'\'l OW\. OHIO .J.J515 

Phone: JJU/270-0451 Toll fret:: 800'•135·23~!; 

110\\' \OUR ~10:-I'I'IIL \ I'\ Y\IENTS WilL Ut; AFFECTED 

l'nrticil>ant C~te::or~: Retiree l:mlc1· Age 7S with Q DRO 

l'his estimate of the .;lfc.:l ufthL' pm us~~ l n,;duction o f benefits has hc.:n pn;parcd lt•r: 

How the pmpo~l.-d reduction in benefits woultluffcct p111 

l'he Plan e<msidcred the tenus ofvour QuulrlictiDom~'ti c Relations Order ("'QDRO") :rnd vour 

}Crus of servi ce as of Moy I. 20 I o: ' 

Your cull'L H monthly hcndit ~ %68.ll4. Under lli c proposed rcductivn )lllll' muntlrly benefit 

wi II he reduced lu $25').00 beginning on Mny I, 20 17. 

C11rrcnt Bcnclit: 

Benefit L ndcr Prnp.rsctl Rl.'tlud inn 

Amount GunrnntC<)(I hy PBGC' if' Pruposcd Reduction is RcjL'Ctcd1 

$61\ll.84~­

$259.00~-­

$230.23 

Please sec the section hclow entitled "AdditirHI:rl lnrormalion used in ~our Cnlcnlation'' li•r a 

f'urlh..;r cxplan:rti<111 111' lhl\\ tht! Plan arri wd (II your lt<.:w h~1 11 i1 mnnunl. 

'I he proposed reduction i~ permanent. 

'I ht' 1s 1111 c.'tllnnlc ulthc cf'l\:ct nfthc proposed n:<ludiun nn your benclit umlcr the Plan. It is not 

a tinnllx:nelit calculation. This was done a\Stmting that the proposed bcnclil reduction start!. 1111 

\lay I. 2017. If the hcudit rc~hlclit•n -tarls 1.1\CI'. the cll'u::t or the JliiiJIIIScd r.:tluction 011 )OUr 

hcndit might ht: thlkrcnl. 

This estimate is based un the li1llnwing i11 ltll'tlliltiotl li't'lll Plan r~conls: 

You hti\'C 6.4-1 ycarii of crcdilctl sen icc under the Plan tb o l' \1ny I . .!0 I(>. l'ka,c 

11 111~ th.tt I hi' m11 t1hcr h.rs het:n reduced bc..:au.;~ uf the 1\Jml' 111 )OUr QDRO 

llmh:l the lc1'n" 0~ yn.lr QORO, ynur ex-spouse ·~ cntllkd tt> so• .• of 1\'h,tt i' 

.:.rlt..:d the "\larital Porti.m" nl your m·,ructl hcnclit. T,, li):!Uft: out the Mariwl 

14.41 
l'urti tu1, take ~ number 0f months ,,r your panic1pation in the Plan dul'ing the 

m mTiH!;:t: (from Aug11st I. i'JX2 l!l 1\ ll'~h I <J. 2002 ), .tml d1vidc i1 by th~ total 

IHIIllht•r ,,r lll<lll!lts that you p.ll'ticipmcd in the PIHn as ot the dny ynu hc{!iu 

rcc.:i ving your h~1wli1 ( lll'. if earlier. th.: d:t) your ex .,pt•u sc $1~ ItS rcc~ iving lt..,r, ). 

1\lul1iply the nnswcr times ytJur accn1cd benefit. Your C.\-'P""'e 1s cntitkd to 

50'J:, ofthat m1mhcr. Ynu .u·.: cntillcd It) lht.: h:tlanc, ni' }<>ur accrued henetlt. 

• You wtll be 70 Y cars ami 2 Mtunhs of.1gc as of Ma) .\I. 2017 

A1lclitional lnfonnatiou used in your C':tlculnlion (has(•cl on Plan ccni'CI ~) 

The ll>nu t>f bt:nclit yuu un: receiving i' a joinl & I OO'Y.. survivor. whi ch caused yulll' 

benetit lll thc time to be reduced hy 30~. 

Your ugt.: 111 ICIIrcmcnl was 62 )Cars and (I months. which caused ynur hcndit at the 111nc 

to be reduced by o•;, 

The amount vf\'Olll' . reduced benclit is the !:l'<:atcr of: ~ 

I . :;•1, o f ~ 110 11 - fi>rlci led contribul it)llS made on your bclwl f; and 

I I 0% 111' the amount guarantc~d hy the Pension Bene tit Ullurrutty Corporation 

(I'BUC). Please ll<>lt: thai lht.: IIIIH>unt o f no -for .:it~tl cnntrihutions used in 

cnlcul~tlll!! )'Our 11cw benefit may be less til au your actual <~llloun l of uon· forfeited 

coutrihutions hecaus~ of the t.:nns uf your Qf>RO 

• 1\nn-fhrfeited contributions 10 the Plan on your bchal r. l'CdUCL'tl per th.: tcnn;; of }OUr 

QDIW, toto I S.!l!.4<>1.07. 

I..V~ ., t> fth-: notl-li•rtcitcd contril>uti••n,, '" rc.luced by your QDL{O. ual~ S259.0lJ 

110'/r, of the PBGC guarantc<: is ~253.25. 

The gre;ucr of I V~o of non-forh:ll.:li .:onh ill\ohlHI'i. as r.:(luccJ hy the QDRO. aud II 0% 

of the l'll<.it' gu.11~111tcc I!> S2S<>.OO. 

Rccau.,.: ol the ()1>1{0. )'lltlr new hcnclit .mwunl under tile 1•mpos~d n:duction would be 

S25<.J.OO. 

14.42 
I'BGC Guanllltccd Hcncfih 

f'hc: Plan's a.:tu.uy h.lo ~a .:u at (;d thut it' the pn•po>ctl .:d uct on~ ar.: not impklllcuted, then t11e 

Plan is pr{lj ectcd tn be insolvent anJ unaol.: w pay benefit, when clue- in 2025. I I' the Plnu doo:s 

1u>t hmc clh)ll!;!h numcy h• pny n.:ti1 ~. yCiur hcncfit would be reduced w the mnnthly l'l\(j('. 

gu nmte~llc,·el. Y t>ur csumated monthly I'B(i(' ·guarauh:cd level " ";:!10.23 

\"nur b enefit will be hiJ,:ber than the PRC:C-::uunmlccd lc,·cl if th~ proposed hcncfit 

reduction is appru~ed h~ the Trcu<ury Ur]>nrtmcnl and by the 'oling prHccss dcscdhed In 

the Notice of l'rOJ>OSecl Reduction of \ ou•· l'cn:.ion Rcncllts that wa< included with thi< 

cslimnt~. 

14.43 
RIHCKLA YE:RS & AI. LI ED CRAFTS.\'I I::N 

LOCAL NO.7 PENSION I' LAN 

33 FITCH BOlfLI'VARD 

.\l!STI\TO\\'~. 0 1110 4-t5 l5 

l'honc: 330 170-0-tS.I '"" tree· Sll0 ~>5-:!.1~8 

HOW YOllH '.IOi\TIIl, \ I' A Y'.IE...,T!-. \\ lf.l . Bt: \Fn;CTED 

r•uJ"ticipant Cat egory: Retirct' Under A)(c 75 

This estimate of th ~ e~t or the proposed ~uu~t on of bcncli ts hns ~~~~ pr.;parcd Jhr: 

I! ow the JU'OJ>UScd reduction in benefits 11 on hi nfl'rct) '"' 

The Plnn considcr.;d your ycm·, of >-:rvi.:e u" nl' l\l,oy I. 201 6. 

Youo· current monthly bcnclil is S I, 749.86. l Jndcr 1 ~ [ll'l'I)O:>cd n.:ducti1111 )'•Ill I' onnuthly hcneti 1 

ll'ill bncduccd LO $K2.5.l\3 h~gm nl! on Mny I. 20 17 

Curn:lll l:knclit· 

lkncfit l ndcr l'ropo<ed Reduction· 

Amount Guamntccd by I'OGC it Pt'<>J'll>~~'(l Rectucltonts Rcj~..:tcd 1 

The proposed r~du~ l ion is permanent. 

::,t,749.M 

$825.83 

$750.75 

This is an ~st d nl' the dTcct or the pt"OpO>CII "·"'"~ ion on your hendit undcr tlw f'hm. It is not 

:1 fin~ l hcnclil c,1lculntiLlll Thi> 11as tlon~ as;uming th:n the proposed n~ lil reduction starts"" 

May I. 2017 If th~ h~ndit roductinn stan, lat(;r. th.: cll'~cl of the pr''I'<•>Cd reduct inn <'Il your 

bene lit might I~ \h l'l~•~tll 

!'Ius C>tunatc " b:osco.l "" th~ li•lluwin.,! mli>rmat•on r'rom Piau r-.'\·ord,. 

You h:ow 11 Y'-'•'" of ~redited SCI'\ o~c uull~ r tho Pbu as of M.l) I, 21116. 

You will he 6') '"'" II month(>) H> ol' .\by 31. 20 17. 

\tlrlilion:ol nft>t'mnt on ll ~t·cl in your Cuk11lntinn (hn~cd ou Plnu 1'\'\'0J'tl.\) 

I he I(,, Ill nf hcndi1 \\"lU nr.c t\.:Ct.:l't mg I!\ a J,um cl\:. :)0' .. ~on 1\ nr. \'t hi~h cau~~tl )Ua.r 

ho:m:lit m lh< t11no It> 1>.: rc.lu.;cd ~ II flfl'' ,, 

14.44 
Your <lg~ :u r~tir~m~nl wa.' h I and S 1\lt>llllits)\\ liich ..:a us~u ynur benefit mthc time to b" 

reduc~d h) .11'~• 

The amount of )'<)IJI' rcdu.:cd b~ndit ;, the grc:ucr of 

I .3°n or the non-f1>rfe1ted conu ibullun' m;uk nn your hehalf adju,ted lot 

r~urcmcnt ngc anti form ufhendit; ;md 

I I ~ .. c> t the tunmmt guarant cetl by the Pcnsitln ~nc lit ( iu:tmlll )' CorporMion 

( l' ~(i( ') 

!\on-forfeited contribution.s to the l'lan nn your bd1alf total $64.26R.2 7. 

1.3% l'f the nou-furl\:itcd <-~)utrihullon' nl't.·r ul!Ju'tmcnt li>r r.:tirement age and fnrm of 

hcnclit cqunb ~ 73 1.6tl. 

IIO'!·ot>fthc f'llGC guamntcc <s SR25Xl. 

The grea ter vl' tho,c two nntvtml> is $825.10. 

!'lease note th:ll you arc not pcnuitu.:<l to dum~:c the form of bcnclit that ynu have already 

c lto>CII. So. j(' ynu <II\! Cllll'CIIlly receiving a C.)ualilicd Joint & so•. Survivor Annuity. Ylltl \1 ill 

cnntinue to r~cci1e n Qu~l itkd Joint & 50~. Sm·vimr Annuit). 

In the e\'ent th~t th e t>ropoS<..'d su>pctt>ion h Uflpn>wd, the actual cll<.-.;t olthc 'lL'I1Cil,ion on vou 

moy be tli lfcr~nt than the unH>unls in thi< notice du~ to a ~hangc in your dr'Cumstanc~. 'r:or 

example. additional u·ork Ius tory. changes in muri t:d "tattts. appi'Oval of a nc11· QDRO or changes 

to nn cxbting QDRO. etc 

J•HGC Guat'lllttrl'lf llcncfits 

The Plan'> uctumy h.<:. ~:a k:ul,tt ~tlthat if the ptoposctl reduction" arc not nnplcmcntcd. then h~: 

Plan is projo:tcd to lx: insolvent ami un.thlc to pn) hcneftts wll<:n due in 1025. II' the Phm tine$ 

nut have enough mtmcy In p.>y h:mefot<. yom bcndit \\ould be tctlw.:ctl h• th.: monthly I'UGC 

1\Uarantecd ICICI. Your cstimat.:d olllhl~ l'll(i(. uu.1mntc.xl IC\'cl is 5750.75. 

\'out· benefit will he hi):hcr lh:tn the~ '(l(;('.~:unrHnlerd level if rhc lll'Oj)Oscd hcnefit 

r·c:rtuctlon i~ nplli'OW<I hy the Tn••lSury l>cpurtmcnt and h) the 1nlinJ.( fH'nccss descrihctl in 

the Notice nf l'ntpw.cd Hcd udinn of Your 'c iuu Benefit.~ t·hnt n~ Included wilh lhi> 

rs tl m~ tc . 

l 

t4.45 
BIHCKI.A YERS & AI.LII.;I) CRAfTS.\1E~ 

LOCAL NO.7 PENSION I'LAI\ 

D I'ITCII BOCLI: VARD 

AUSTNTOWN. 01110 4'1515 

I' hone: 330<:!70-0-153 Tnll Ire.::: t!00/-135-23~11 

110\\ \ Ot:ll t\'tmn Ill,\' 1',\ YIIIENTS WILl. Ill•: \l'n:<: n:o 

Pnt·t idp:trtl Cnlq,tot'): ~cth·cc Under A~:c 75 

Thi~ ~s nuutc of Lite clli:ct or the proposed r~d in11 ofh~ndits h;1.~ bcCII IH'l:llHI'cd lin : 

II ow the pr0110Std red tiCiion in hen en ts would :1 fl'tcl yuu 

The l'bn .:ousidCI'Ctl Yl)l)\' years of scrdce us ~ lay I. 2016. 

You1· current mont hly bcnctll is $2,3-H\. 74. l!nilcr the proposco.lrctluctitlll yuur mnnthly benefit 

"ill ~ reduced tll $9-16.6 1 bt:ginning on May I. 20 17 

Cun\:nt flcnclit: 

Bendit l:m.lcr Proposed Reduction· 

Amount ( iuamm«<l h)' PI3GC ill'rupu"~tl Rechtclion is Rcj,'\:tctl 

~2J-18 :..:,·.:..._7 -1'-----

!.9-16.6 I 

\607 75 

This ~ lUI estill lilt ~ o r the c l'l'cct of' the propo,cd rcdnction on ynm· bcncl·it Utldcr th.: Plan. h is nut 

:1 tinnl benefit cakulation This Wll> done ussumi11g rhM rh.: proposed b~ dit ..:du.: ti on .Slilrt' nn 

Muy I, 20 J i I r th ~ hcndit t•cducrion >hilt'> Iuter, the T~ct of th~ I"'I.'I'O..Cd reduction 011 yow 

h<!netit might h.: ch ff~r.:111 

Thi5 estimate ts ha,.:cl onrh.: following infimnaliCln ft\'111 Plan rc~••rds : 

Y Clll I"'' c I 7 r..:urs of cr~h ted ~crvicc under the PI an ''-' nf \ l:1y I . 20 1 1> 

YL•u will he (l4 ;mcl 6 mn nt hts) 05 or May 31,2017 

:\ddirional l nfot· n•ntion used in your Cakulaliun (hascd on Plan n ·cunls) 

The limn <•I' h~ndit Y•'U M<! rcc.::i>ing ts • lif'cume :tnnun~. \\ludt "·'""·:ll yuur hem: lit at 

the tlntc tu l1..· 1\:tluce<l hy !UK I" •· 

14.46 
Your ag~ at r~ titc ul~lll was 57 and () llli>lllh(s)" hid1 <~u sed your b.:nc lit at tbe time to b.: 

reduced by 20.00'l'(, 

The amou11t of your reduced bcnetlt is the grcm.:r ,,r: 

I .3'Yo of th.: non for fc ~d cuntribution' made on y"ur hdwlr adjusted lor 

retirement age and ihnn (>!' bc1tclit; nd 

I 10% or the lllllOUIH u;~ rwn~cd hy h~ Pen$iOn Bcndit Guaranty Cnrporatiou 

ti'H(i(). 

:--I on· forli:itcd contributio ns to the Plan C>o your be hull' total $91 .01 9.73. 

1.3% of tb~ uon-[(>rlcitcd comributions alh:r utlju,tment fill' rl'tirclll cnt ugc and form of 

b.:ncfil equ ~ .'i>•J4(>.(< I. 

110% or the I' I Kit.' guarantc'<! ~ $66~.5:1 . 

The greater or lhos..: two !l111C>IIIIIS is S946.6 l. 

Pleas" note 1hat you ure llC>I permitlcd to change 1hc fonn or bcnc tit 1hnt you havc already 

c hosen. So, if you arc currently receiving. a Qualilied .Joint & 50% Surl'ivtll' Annuity, you will 

continue to receive a Qunlil'iccl.l0int & 50% !)urvivor Annuity. 

In the event lh<ll the 1wnposecl suspens1on ~ npvro vcd , the aciUnl effect of 1he suspen;;ion c>n ynu 

may he di ll-.:1\ml tlwn I h..; mn0un1s in this nolicc due to a chang-.· in your t.:ir'0\Unswnces. For 

example, additional wnrk hi.;tn1y , changes in nHII'ilnl stntus. appnw:ll of a new QDRO or changes 

ttl an cxistiug QDRO, etc. 

J'llG(' c;uul'llntcctl Benefit's 

'!'he !'tun's actuury l1as calculated tlwt ir th..: proposed reductio ns m<.: not implo.:Hicmcd, then the 

Pl<m is projected to he inwlventand unable to pay l>cnclits when due in 2025. If the Plan oc~ 

Jl\lt haw c l1<lugh nwn~y tu pay b..:ndits, your bendit would he ~duced l<l the lllunthly PBGCguaranlccd level. Your estimated monthly PBGC-guanmtucd level is S607.75. 

Your benefit will IJ(, higher thiuJ the PBG C-~uu no ntccd lc'·cl if t.hl• proposed b~ndit 

,·cdudion i s liJlpi'O\'Cd l>y the Tn•amry Department a nd b) the voting lH'OI'Css dcsuihccl in 

the Notice uf Prup uscd ncductiun uf \'our l'cnsl uu lkuct'its lhnt was inclu!lccl with thi' 

cstinllltc. 

14.47 
Retiree All Yens At 4.05% formula 

14.48 
BIUCKLA' ERS & ALLIED CRAFT E~ 

LOCA L 0. 7 rF.I'iSlON PLAl\ 

13 FITCll IJ OULI V i\ IW 

AUSTI:\TO\VK 01110 4-1515 

Pl1<1m: .1 ll'l 270 -0-153 Toll J'rcc: SU0;435 '}liS 

ILOW \'OUR I\ION1 111.' PAYMENTS WILl. Ill>: AFFI!:CTED 

Pnrlicipant Category: Retiree In l'ny Statu' Av,e 75-80 

This cstimat~ ulthc .:fleet ol the I'"'P''~cd rctludicm nf hcndit::. h:t> b'"'" prcrar~d for: 

All c.Jull~r amount~ u~d in thi> <ll>hcc urc estimates onl.):. The actual amount you r~-.:eov.: will 

cleiJcnd un thing' like huw lung you WMkcd, "hen }Oll l>egin 1\.'CCiving paymclll,, clo.mges in 

m:u·itnl status. etc. llnwever, the I'I.Ht lu" allempt..:d to cakul:th.: ull dollar am()unt.s as accumtcly 

as pClSJ.ib lc::. 

ll0\1 the propuscclo·cductinnln benefits would uffect ~on 

Your current monthl y Lwnclit is S2 .. l42.li'J. Under the l'""l""ed reduction your muntltl y benefit 

wtllb,·octlucccl to $1,92R CXi beginning 011 M:ty I, 20 17. 

Cummt Benefit: S.2.1-U.li9 

Benefit Lmle1 l'ro CI~cd cclu~ ion: $ 1 .n~.%--

1\mount <.i uurnmccd by PB(iC i'l'mpos~.:d Reduction is f(e.iecrcd11 .$ 1. 01 ~--

Pleas.: sec the se~tinn helnw emitlc.l "Addilionul lnfurmatiou m~c.J in \'ouo· C':olcni:Hiun" lor 11 

fuothcr C\plamotiun ofhtm the Plan .uri\~'(1 m your new henelit nnh>llnt. 

'J'h~ pn•pt•scd n.:ductinn is pe n~11 . 

Tlti ~ ~ an cstimat,; ofth" effect ol rh..: pn•pL•...:d reclu.:lion u11 yc•ur hc11c lit under the Pla11. IIi> nc•l 

a final l>.!nctit cul..:lll.ni<•n. This w:" done C%11111111;.! th.ot the propo...:cll-:nclit nallll:tllln st.ut' nn 

~lay I. 1017. If the hcnctir 1\.'<lll.:tiun st:orts later, the dl\:~t of th..: p111posed red11ctoun '"' your 

benefit ight!>~ dill tcnt . 

14.49 
Y<<ll lmd 2R y~ -,;n \:n: tcd ~~rv ccundcrt e l'hin as nl'tvluy I, 201 (J. 

Y "" wil l he 7~ and --l lllQ IIh~s) as ••lll.lay 3 I. 2017. 

\ddirional lnronuation uwd in )our Culculntion ba ~d on Plan recunh) 

The 101'111 ,,r bcnclir you ar..: l'l'<:eivmtt is n joint &. so•., >Ill'\""'· \1 hidl cauS<.'d )UUI' 

beneti1 arrhe rime rn he reduccJ by 12.·H0 , 

Your age ar I'Ctircmcnr was 59 and 1 mnnth(.<), which caused your bcnd it ut rhc time w 

he tlcCI'c:"cd hy I <I.Oil%, 

The ,unountufrhc I educed b..:nd it is rhe grcalcr or: 

I.J~ .. ,,f rloc ncm-li>rfcirecl conrriburions made on yum hdmlf adjust..:d for 

retin:mcm ag.: and form ol'bcnclil, nn<i 

I I 0~. of the amount u,mm ~'<:d hy the l'ension Bendit (.iuarnllly CoqH,mtion 

(PBCiC). 

1'\on-lorl'cit•xl coml'ibutiuns to the l'lan on )Our behalf total S7J,051 II> 

1.3% or thc IIVII· ILH t:.:.t~d cuntrihutinn' equals S715.26 

IO~o(•l'thc POGC gu.nantcc "1.1,101 Ill 

lltc gr..:ar..:r (li' I.J% ol n"n-llufcitccl comrihUiions aud 1 I 0% of tile PBCiC uaranL e is 

.~ IOI HJ 

d.:rt t~ 11,, nf'rhc law, because you 11 ~ b~llv~~~~ age• 75 nncl XO. 1l1c i\11\0unl nf yu111· 

bene lit r~Juction is less than it would >~ 1f )'I'll WCI\: b<.:low 75. Tile \:Jm,cr ynu ..: lo age 

RO, theMnu lkr your r~cl uct on will be. 

So. he.:am~ c>f yo•ur age. your n.:'' b~ndit ;~muunt unclcr the JI"'IX><etl r.:ductillfl wnuld h,· 

SI.92S.96. 

PllGC Gu unmtccd Benefits 

Th~ J;m'~ adua ry hu, calcul ated that if tltc prupus,·u nxluction' art: nc>l impl.:lllCnkd. then rhc 

l'lt111 ;, ojL·ct~d " ' '"' in~ il vcnt and unahlc lt> 1•ay h..:ndits wllcn due in 2025. If I he Piau clocs 

not av~ ~no·J;: h money 10 pay benctirs, yuu1 hct"lit wnuld be redu.:c<l 11> th~ tm>nth ly I' IJGl'· 

;;unnml~cJ Jc,~l. Yco111 ,:,timah:d mc•nthl~ I'Jl(i( ·gll~rtllll ~c,l '"'"' i> Sl.ltO I flO 

\ 11111· hcnc lit \\ ill Ill' hi j!hCI' I han tit ~ 1'8( ,( ·:tii:II'UIIII'Cd lrwl if lh t• Jli'OfllhCd h~nc lit 

nclucliun is lljlJII'U\Cd h~· the r .. l,l\111'\ Drpartmrnt and by !he nllill)t j)I'Ucr« descrihccl in 

14.50 
tht• :'1/otin· uf I'I'IIJH!\Cd ltcdurtiou or Yuur l'cnsion n~ (•fib llmt \IUS indurlcd wirh thh 

estimate. 

14.51 
Retiree AU Yeurs At3.!!5'V., Formula 

14.52 
BHICKLA\'E ~S & i\LLIIW CRAFTSI\IE~ 

LOCAL NO.7 I' I•: NS ION PLA.'l 

33 f'l I'CIIIIOII I ,EV ARD 

AUSTINT()W\J. 01110 44515 

l'hune: 330 270-1~151 Toll li\:e: 800 4.\5-23S~ 

II OW YOUR MO:"'THLY 1',\ ' 'I .\ I'S \\ILL. BE \FH.(•I 1-:1> 

l'urticipnnt Cntcgor)·: Llrneficiolry In l'uy Stull!' Aj.\11 75-RO 

All dollar amounts us.xt in thi> notice ar~ cstimm.:s <'Ill)'. Til<: a<tual tlln<ltllll you rCC<:I\ c will 

dcpcll<1 0 11 tili ng> like htnv long the pmticipnnt " llrh, wh~n you hcgi11 r·.:cciving paymc11t,, 

hang~,; in marital ~la s, etc. Howcvcr,the I'J;m has nucmpl;;d ''' calculate all dollar amuunts ns 

ll\1CU1111Cly A> ~ossill c. 

1-Jow the pr·o(Jo>ctlr·cductio n in bcn~tlls 1\ Utrhlnrfcct you 

l'he l'lnn C•1nsidwcd I he Participant's ye:~r~ ,,f ~en ic.: a> of' I\ lay I. 20 I(,, 

Your current moruhly bcndit is $1 ,-167.2·1 I .11dcr the pmp<•s"d r.xluclion your monthly henclit 

wi II bcrcJut:~tl In $1 , I 2 ~ (ol hcgitUlin;; on C\ 1;~y I, 2017. 

C'u n cul ll.:uclil S 1,467.2-l 

Hcndil lJnclcr l'ropos.::d Rc'<.luclhHI: $ 1 ,.125.62 

Amutll ll <.ium\llllced hy PBOC if l'n:>l•oscd R.:duclion is Rc(c'Clcd 1 J l ,Ol6:.: .7..:5c__ 

l'kasc: ~~the ~e.:llnn hdnw .:nlitkJ "Adtlillunut lnformalion used in )tJIII' Cnlculnrion·· fnr u 

lurlhcr .:,\phon,rlinu ufhuw I he Plan 31Ti,·cd al yt>ur lie\\ heneli1 amount. 

T he prupn-;cd rcduclinn 1~ J>ennnncm. 

'I his is an es1i111ak or I he cffc.:1 o r lhc r mposcd cducti<~ n ''" yo111 ben.: lit und.:r cho l'lan. Ii~ nol 

H linnl b~nclil cakuhuinn. 'I hi~ was done assumi ug thai the propo.<cll hendil n;du.;linn ~hll't> ''" 

May I, 211 17 II' the bene Iii reductinn st:rrls l.tlt'l', the cl1t-.:l of' lhc pn>pose.l l'erlucli "n nu vour 

bene lit rnrgh! h..: dr!Tcrcul 

I hi' .:~lima!<: i, ha'<:tl c•n llt<! follon'ing inli..>rnutinn from l'bn rc-:onb 

14.53 
V ou \\Ill be 77 and 10 lllt>nth(SI ,I> oD lay 31, 20 17 

Acldlllonnl lnl'ornu11'ion usl'!l in yuuo· Cnlcnlntinn (hascd on Plan I'Cclll'tls) 

l'h-: fo rm nf h"nctit d11>scn hy the llanic ipant was a joim & ~o~ .. M il'' ivor whkh caused 

the b"neli t at the time to be rcduwd by 14.13%. 

t'hc p:trticipant· ~ age at rdirc1ncm "'"' 62 und 0 monlh{s) "hich cau,,d the fl.llltcip:llll', 

hc11dit at the ""'" 111 he dc..:rcnscJ by 0. 

I he amouou nf th.: rctfucctf hcndit ;, th.: gr.::1ter of: 

1.3'l• (If the nnn-f,rf<:itt!d contrihut nn~ made on the participant'' l"ochatf: ~nd 

I I O'l• o l· th..: nmnunt )!unrnnteen by the I' ens ion Heneli1 Guarotnty Ccnpcmuiun 

(I'HOC). 

1\tlll· li>rfi.'itcd contri utiou~ to the ll hut un thc l)lll'ticir am's bdwlf' tol<tl $60.085 ill. 

II o•" oJ' the f'B(iC )!uantlllcc I>$ 1.140.43 

'I he greater uf 1.3°;, uf tK•n-lorti:itc'\l contribullulb und II Q•;, ,,r the PO()(' gum .mtce ;, 

~1.1411.43. 

I tn<lcr the terms oc 1h.: l.tw, hc~athc you .tre helween ag~ 75 ant! SO. th.: .unoun1 ,,f yuu1 

henclit i'<XIuction 1s lc" limn 11 woultl b.: 11 you were hchtw 75 Tile clo<cr )OU ar~ 10 age 

80. the m~ller your reduc t inn will he. 

So. b"~nu<c of your age. your new hcndi I 11111nun1 uncier the proposed rcuuct ion "I)U ld be 

$1,3:25.62. 

I' IH:C' c:uarllnlcctl ncli ls 

l'h-: f'h11t'·· ncluary has cakuh1tcd thai i I the lliOpt>s\!<1 reductions 111 e 1101 implcmclltt:d. then th~ 

Plan 1~ l"ojcctcd to be iuSf>l\l.:nl n111lunahle to pay hene li t, when due on 2025. If the I' ian tine> nut 

hn\ c cnnu~:h mum:y tu pay b"uclils. yo111 b.;n~ lit would b.: rctluc .. '() tt> the momhly ['fi(i(' 

guaranteed k•cl. You1 cstnnotcd mumhlr I'll< i( • -gunran c~'{l lc\d is S I .OJh 75 

\our henclit will be hi!(hct· th:111 lhc PllCC-gmu·~tulcctl lc\l·l if tht• tlrOpo,cd llt'nclit 

t·ctlut·tion ~ al>t>roHd by the lrcn~lu·y nrpnl'lmrnt nml by thc \Ill in)! pmcr" tlc~rribetl in 

lhr :\oticc nf l'mpn<cd Ht•tludiun of \' tlllr l'cn\iun llcnclits thai ":t~ inflntl cd with this 

1'\lilllllh'. 

14.54 
Aclive All At 1•;., Formula 

14.55 
13RICKLA \'!!:ItS & AI.LIEO CRAFTS:\IF.N 

LOCAL NO.7 PENSIOI'i I'LAN 

33 FITCil SOl,'! FVA RD 

AUSTINTOWN, 01 110 4-15 15 

Phone: 330!270·0451 'I 1111 free: Xfl0-'-135·!381> 

11(.)\\ \(Hilt \IONTliL Y I' A \'1\Jf.NTS \\TI.L 8 1': .U H ;(' l't.ll 

1'artid1>ant calcgor~: Active Nou-\'estetl Nu Change 

This cstimateol' thc effect ol' thc J)l'ol.>oscd reduction (l l'b ~ndits has hccni>I'CIXli'Ni l'ol': 

i\11 <lullar amuunb us~~~ in this nntice nrc eMjm~tc< only. The a~tual tunuunt yuu receive will 

rlcpend on thing5 like how h' ~ you wurk, when )'"" hcgin ec~ iv ing 1>n) mcms. ch;mges in 

11 mrital slat us. ~. However. the Plan h~' :utcrnptcd to calculate all dollar umuUIH> as accurately 

liS IIOSSible. 

llow tbe JH'OI>Osctlrrdurrlon iulJ~u lit s 11ould uffcct you 

lne Plan cc.msicler.:d your years of service ns of May I. 2016. l'lc;JSc nn ~ thnt you will nut be 

cligibt..: lor any heudituntil you are ,·estcd. You nr.: \Csted :tft.:r you hnv~ 5 )"·"~or service and 

have not forfeitecl ~e1vice 

Considering ynur sel";ice us or \tny l. 201 6 nml the requirement' ,,r the law. if you become 

VC>I~Ll ami ~WI I I"""" ing your bmdit wh~n )I Ill IC:Jdl nsc 6! in the Conn o r " I i l'cti me 31U1Uil )'I 

your 111onl hi y bene fit ~a I culnted ns of vtu y I , 20 I<> ()(' $65.78 w iII 1u1 l dmng.; under the prupused 

rctluclion. You will c<Hllinuc to oc entitled to $(>5 7X in monthly pcnsic'n p.lymcnl< 1 A likti1 >1 c 

:uundt) >~h:a < that )Oll will receive IXIual. pctiL•Liic payments which will c1111ti nue for tlk· rest of 

~our life. \Vi1h thi' 1\>nn ufhendil. no hcndits" 111 he paid to a bcndici<ll) upnu )uurcleath. 

;\' y••u coni inue '"'rkmg, ) nu1 henefit lllll(IUI11 may changc. 

Current Hcnclit: 

lieu eli t ( .n1kr l'ro1>oscrl Reduc t i<lu: 

AlllliUIIL CimunulcL:d hy PBGC if l'ropo>t:d Hcd11.:tir111 is Hejcct.:d' 

j,(>5.7X 

%S. 7lJ 

j;S 7 .5...:9 __ 

1 I ,,!;;-:!' :u~•f:', ·Jr" \\til ht• d fkr,·n tf Y'~' ~~~r ~·~)u r l~1:di ~ ••· J :l't-.:!~t~t :jlffil or it" ctk::rc h !l q 1.1i1fit..~l Pfc·rctin:•• 'Ill 

"-"'I\ llr .t lfll_l:l) r ur l"\:i'l;t)k. . Yll•l bC\.·~lffi..' h-.,;1\"i.t .1nrl ~k"'\:f rlh• ftU-Tualh $hMr ll''l."t' it~ Ill u· cll\:'~1 ;lfltl tda;-;: ~~~ 

a~~ fl:!. ~\~II rnnr'1ly h·~t lil :'l'"'tl ''"':'tll'h•ll \\Ill b~ V•l ~~~ l•k.!.'i\" kc\!'p ;n rhtl \ 1.11 lht ·· i\r•• vih~o-r l•n'n' tif 

lh'1ll'lih "'"., aiJ.t~k Jlh.l .. ·c 1..: 1'1.-,, ..~ .. '.\(II (',, 11...:1 1h: Pl.m Oith:(- '111 ~tuth;>t mr,•rHM1i••• 

\,•t: •1~..· , _ 111 11 • N•llltt ttl \ !,ff'ljW'~·I H.-du•·th\1 t•l \HI " Pl.'n,i,,:-1 13-..'t'll.:tih wh:..:h .. !-..:lutlt•d \\ illl :,,.., ~:'1 l"l:JI\.' 

14.56 
lhis I> an e:.tun.ltc of the c!l'cctofth,· propthed r..:ducuon on yoUI h~nctit und~.~·thc Plan. 111~ not 

a Jin.1l hendit cnkulation. Th" wn.' done assuming th.u the pmpo • ...xl h~ndit •·cthu:tiw• ,tarL-; on 

\by I. 2017. If the bcnclit ,,,Jucti<Hl '"" '' ),,lcr. the effect <>f 1hc propo-cd r~.'(lu..:tilln n11 )our 

hcnelil might be eli flerent. 

!'his es1 immc is b•1scd on the lolluwing in format inn f'mm l' lan records: 

Yuu h'"" 3 year~ nf <:l't.'(litcd service under th~ I' I an tiS ,,r May I. 201 (, 

Ynu will he 45 and(> mont his)"' uf \lay 3 1. 20 17. 

You arc 0"., vcst~d bJ.~cu un scrvic ... lhmugh I\ lay I. 2UI6. )\1u "ill not be 

c:lllitl.:d to a bcn.:lit u11cler 1h..: Planunlcs:, yt•u cam additional :;.:n 1ce. I u bcmme 

\csl..:d }OU mu>l hdvt: 5 years of service and have no forli:iturc. 

Pk"c l..ccp m mind that the Plan·~ early rcrircmcm adJU>tmcnl la..:wr will c<•ntinuc to upply. 

u~t a5 11 is 1111Cler the cu•·•·cnt term> l>l lltc l'hm. 11' you rt:lir~ hef<>re you rench 31;!1! 62. ~'"" henclit 

will be n:dl ~~d hy 7% f(Jr each year lhllt you nrc under 62. 

I'll( ;(' (; unrnn tccrl Bcncl1t< 

Tile Plu ~ uctuury has culculalcd thm if the 1\I'Oposcd r~'<luc ions me nut imrlcm.,lllccl. 1ho.:n th" 

l'lnn ~ projc.:tcd to be iu>Cl l\·ent Dlld uunbl.,; 111 Jill)' hcndits when due in 2025. If the l'lun cl0cs 

nul ln"c .:mmgh mtHh.:y 111 Jl••Y h~ndit, your bcnclit would b..: rcum.:cd 111 the momhly PBGCsu~ nnteecl level. Your estimateclmomhly PBCiC -gu;u an Iced level ~~ S57 .59 

Your benefit will be higber than the I'H<:C-::ua•·•uttcccl lc,·rl if tbc propo>cd hcnrfit 

rcductinn ;, upproH-d h) the II'CII\111')' Oc)Jnrlmrul and by the votin~ 1n·ncc>' described in 

thr l'otice of Proposed Re<htt•tiou of \'our l'cnsiun llcncfih thnt wn~ included "ith thh 

cstimutr. 

14.57 
Active Vlultiplc RMft•s 

14.58 
BRICKLt\ \' ERS & A LUED CRAFTSJ\IF.I\ 

LOCAl. 1\0. 7 I'Ei'iSI0.\1 PLAI\ 

JJ FITCII OOL.I.[!VAIW 

At:STI~TOWN. OH 10 445 15 

Phon<:: 330!270-0453 Toll l'rc ~· 800'435-238~ 

II OW YOUR i\'IONTIII.Y I'AYMENTS WILL HE AFFECTED 

Part·icipant Catc~nry: Art in Vestecllltu ~t· Agr 62 

l11is estimate t> l' the c llcct t't' I he proposed reduc tion of benefits has h<:)en ~parcu J(Jr: 

All tiL''IIIar (lmnunts 11scd in I his nol it.:t.: an; slimu .:~ onl y. The w.;tu;:!l amoun1 you c~.:c c wi ll 

depend on things like how long you W(H'k, when you hcgin r<!ceiving payments. changes in 

ma l ~la tu . etc. l lowever, the I' I an hus utlemplcd lo .;alculah; all dollar amounts as accuraldy 

us posstbl..:. 

!low l'hc p1·oposcd rfducliou in brnefits would at'fect you 

The l'lan <.:o nsidcrcd youryeors ofsefl;iceas of May I. 2011>. 

If you stm1 receiving youo· bene tit 011 your 62"1 hi11hday in th.: i(mn ol' a lifetime .mnuity, your 

monthly bcndiL Without the prnpuscJ 1\JJu imt wuuiJ be S2,104.62. A li tim~ annuiry Ul e<m~ 

thai you will receive equal. periodi c paymen ~ which will continue l(lr th0 rest of your lilc. With 

thi' l<m ll of hen eli t. "" h~uc 1'11 ' w l II l~ ~tn d lu u l>"ndic iury upon younlenl h 

Under lhe proposetl reduc tion. i r you ' '"''I rccdving )'UIII' ~: lil t)ll your 1>2"'1 hi 11hd~y in I h-.: 

form of a lilctimc ~ltnu ity. your benefir would be reduced lo l> I ,413.07. 1 

As you continue working. your benefit :unounl may change. 

CmTcnl B..:;n..:;{i t: 

lcnditlJnd~:r P1oposctl Rctlut:Liun. 

Amount Ciuarameed hy I' H(; (' i r l'ropos"d Reducti un is Rcj-.:ctcd·' 

S2.1 04.6') 

s 1.41 :un 

S786.50 

-=---- l' u~c sec the section helow enlitlt:d "Atl tlilional lufonttalion used in your Calcula ti on" lin· a 

furlh'" c.x I' I anal io11 L' I' hLHI' tk Plan ani vcd at your new bcncfi t amnu nl. 

I h.:"(' \lllHII ltl\ wl:l be Jr.,-. If }'till 'a~..; y. II lh·!l~ Iii i li a -:I i f1:.:1c:11 ~(lll!l 1'1 i !' llh.'h: ' "' i l qu~th lil't! f.l"\!~ r.!tii\~ •Il' 

•.ur\iVVI o~u ·n1 !} . For '\."..:am1>k·. ir \\'U d..:c:. lho,;· 6(H!tOI:th ~uar.-t t..: ;',;n u "-'!' b~tt t•fil :wd r..:.1i \~ w uc,t fl2, )'PUr 

llh)nJhl)· h.:m:l'i. .Ilk! '\\1"1\('!11\tfu! \\Ill h\· $1. \:\!'1 'lr'l Pic:. ..... · kl'C'P in l'tmd th,\t thl..! :""~' ,m.: ~h;,·t l'imn' ol !t.-: ""~'in 

;n,tihtb!,: utuk r the P!ar ~~s w .. :l.. C<..lnti.IL'I tit .. • Plan O! lio.::~ Jur furtht·r illloJCmali"-Ht 

: St:'e N\v:..: 2 111 tit.: N~' l\'\" of,:\ Pr•• ')~(·· I (~flto\~til'l" C'lf ynt;r f'.:nsi•"ll Rcn..: l' •.1.hich j, Jrt.:ludt't' with lhi' .:stimok, 

14.59 
I h<:: fll'llpnsed r~ductin n i, pc:m1uncnl. 

This i;; :u1 ~st mate of I he effecttlfthe propo<ecl redu"tinn on your h.:nclil unil~r lh" Plan. I! j, not 

ll li nal benefit calcuJ,,Iion. This 11\tS on~ assuming that the pm <b~u bcnclit dut~ti on slml·s on 

Muy I. 20 17 If th¢ b¢ncJ·iJI·cduction Stoi1S la1cr. the ciTc.;tol' lhc i>'"I'ClSCd reduction un ynur 

benelil might 1>.:: tli(Terenl. 

This C5timate is based nn the following information from Pla1t records: 

You uavc 22 yc;~rs c>fcrcditcd cr vic~ under tlH.: Plan as of May l. 2016. 

You will b~ 56 and 0 Jtlnnth[s) as ofMay . 2017. 

Additional Information used in your Calwlatiou (based ou Plan r ec.ords) 

You are I ()o% vested b:t,ed on service through May I. 20 I(>. 

The amount of your reduced henelit is the greatea· nf: 

1.3% n f I he tLIITenll y non-th rfeitcn conlrilmtions macle on your he ha lf: 

II 0' '~ or th~ amount guaranteed by the I' ens inn Benefi t ( iuanully Corponllit>n 

(PBGC'). 

f\on-lorfc ilcd comribuhons 10 the Piau on your bdml!'total SI08,6'l7.91. 

1.3% of th ~ non-li.>rlcitcd contributi<>m. qu b S I .4 13.07. 

I I 0% of the PBGC' guar<uHcc is $865. 15. 

The greater or 1.3% uf llOll·lortcitcd COJ\lri butiL'Il> anu I I (J% Llr the 1'13Gl' gu:tl'illllt!e is 

:\1,41 1.07. 

Pka:<c keep in mi nd lhat lhc l'lan·, early retirement <~cijus lment f<tctnr will cuntinue to npply . 

.l ust as it is under th~ cuJTcnL H.:nus ul'thc Plan. if you retire be I'm~ you reach age 62. ymar henc fit 

will he reduced by 7% fnr o11ch yc:•r that you arc un der f>1. This reduction will he in addition lo 

the bene lil rcdu.;tion described abow. 

2 

14.60 
~: Plan's acmJI Y hns e.1 1~ulm..:d th.11 if tbc: pro t~,.:<l r.:dnc li<''" ~ not implemcnh:d. 1hon the 

l'h111 i> J\1\>j\:ct.:d h• IJ<• in~ ('l vcnt untlunable w pa) b.:ne li1s when due in 2015. II I h.: l'lan docs 

ntll have cnougl1 lllc>ncy to ~y ~ncli b, '""' bcnclil w••uld be rcduc.:d 10 1hc munthl) PBGCgunranlwu ~vd Yuu1 c'tinwt.:tl m<>nthly PBGC-guamnteed !ewl1> S7~6.50 

Ynur· u~fil "ill lw higher lhnn thr l'll G<:-:: ~rn tcctl level If rhe pl' UJICliNI hcncf11 

reduction is npprovcd hy lht• T r·cnSIII') 0<'r>u rtmcll1 nnd hy the voting process dc•rribetl in 

the Notice of l'nrpnscd Rcdncliun nf Your Pcn iun Benefits th nt was indullctl 1\ilh this 

cstinmtc. 

14.61 
BRIC KL.\ \" f:RS ,'i,: ,\I,Lil.;J) C llAFfS)IF.'I 

LOCAL ~0. 7 PE!';SION f' I. A~ 

33 FIT( 111-!0UI.t'VAIW 

Al!SH~ r<)WN. 0 11 10 44515 

l'honc: 330:270·0-153 Toll Jrcc: S00/43~·2.1~K 

llO\\' \ UUR )IO.'f rtll \'I' A Y\IF.'ITS WILL HI. t\FF <:I" EO 

P:orliri panl CatC)\Ur~: t\clhc \'cstcd Under \~e f12 wilh QORO 

,\II dollar amounh u•ctl in rhis notice arc !t!J.!Il1al.:s only. 111~ actuul ummml yuu rcccivt! wrll 

depend on thing' like: how lnng you work. when )OU begin recci\ ing payments. changes in 

murir al st;nus. ~tc. l lowcvcr. rhe !'I an hos ottcmptc!l In ukulnl ~ all doll ar ;unounts as accuratL·l y 

ns possi ble. 

I! nil' l'hc proposed •·cc luctlou in IJcncl'ils wonlllniTect yuu 

The l' lan con~iJctcd }ullr yc<~rs of service us uf \1111} I, 201 (> ;md the terms of yuur Quahlicd 

l)omcstic Rclatious OrJcr ("QDRO"). 

II' yuu start receinng y(Htr hdnefit on your 62"'1 birthday in the li>ml of a hlclunc annuity, >nur 

11\lltlthly benefit wirbom the proposed rcducllon woul,l be ) 1,315. 79. 1\ lif~: ti mc annuity means 

that you will rccch·c c·quol. periodic rayrncnr, whi..:h will continue for lh<: r.;,l of Y••ur !if.:. With 

th b l(wm ot hcnclit, no hcJld its will he paid Ill II bcncliciory upun your d eath. 

L· nder h~ proposed rcd <~tio n. if you start rcccivmg your bene tit Lm your 6.:!"'1 hirtl1<kty iu the 

fnrm Clfa lifetime :uuwtly, }nur hcndit w11ul•l he r..:duccd to 'Sl.05U.22. 1 

A.s }''" conlmu~ workrng. )Our benefit nmnuntmay change. 

Curren! lknclil: 

Benefit Under f'rppnsed Reduct ir•n· 

/\nwunl Ci lt llr:llltcccl hy Pfl(i(' i l' l'rVjlt>scd Reduct inn is Re ected~ 

SU15.79 

s 1.050.22 

$tl82.63 

rlll''i,. :llltf'llll·s \• :t l~ ~~ .. , II Y·~U t:\1...~ yot:r bc:~dll '" :t thlh:r.:IU h•n•• ,,, II lht• '" ·' \).Mhli~J rre-r~-t:l\.'11h:nt 

~uv:\\)f (!;JU .wy. I r "":(_t hJ'It" tf ~~'il <:lt:t·1 !he "o u""'ml~ !!U~lr:uut!e f•rm of lll!ndll .. ull.:i rdir,: 31 :l;.!t:" fl~. ,-,lur 

lllt'lltl•h· l.J:.-.tdtl Jtf'.. .. r ·''l'I:U."h'lt \\ill be ~IJ:_\O.h~ l'ka~.· ln•(•ll 1n llllild tlatl lb.·h." ar\• a h.:r k~<ntb ,,r hcJtr.."hH. 

•~ aJ ; th.~ m:;.h:J till·l'l.tu :.' \\,:ll. l' ~nt .: l h~ Plan CJ~li\·a.• h"~r lunhtr mlbJata1iull 

"i~.. c- No\1\,' 2 i:e IIH•I\,,Iit t' ul' ,, jJrnp lht .. l Rt.othu. lio vt (\l \'(11\1 r(n..,ina u~.· di.h \dndt ~ lllt: hukt! Wt l!llhis L'Sl~llla'• 

14.62 
l'lc • .-.: ~cc the ..cction below entitled "Atltlitiun:ollufurmatiou used itt ~Utll' { nlcul:ttiun' tor a 

till'thcr c\pl:onatitlll t>r!h1W the l'lau armed .11 your new bcnctit amotml. 

!'he Jli'Oposcd reduction is pcrnmncnl. 

i~ i~ an est imatc oi'th~ e iTccl oi'th..: proposed rcductionun your hen.:litunder the l'liul. It is llLll 

u liu:il bcndit cakulmion. This II'<IS done "" '"ning thulthc pruj.)osed betic lit rcdttction starts ,,n 

Vl uy I, 20 17. If the hcne lit reduction ' tarts Inter, the effect of tllC P•"P"'ctl rcductk•n on yuur 

btmdit miwu be different. 

I'll is estimate is based on the lo lowing.mt~1nnmiun f'm111 Plan rcconk 

• You han: l.t5 yea~ t>l' cro.:t.lucd scn·tcc tnulcr the I' Inn t" of \ 1ay I. 2016. Th" 

amount has been pm-rotcd to accmml li1r the term~ of y1.>11r QDRO. 

• As or May I. 2016, ~''Ill tot:~l accntcd benefit was $2.504.21 

l:ndcr the ICI'Ill' nf your Ql)f{Q. yt•ur ex-spouse is entitled to so•. or what is 

call ed the "Marital l'orttl>n" of your accrue-d bcnclit. Tu li gc11 ~ out the Marital 

Portion. t: dcc the number ot' 11 0111h~ of your participation in the Plnn tltning 1he 

marri age (from 1\'ovclllbl·r 22. 1991 In December 6, 2005). und dividc it hy the 

total number of month' ol' your part icipati<>n in the Planas of the date ,,f' div,,rcc. 

\llultiply the answer times }l'lll' nccfl.lcd benefit. Your C>.·spuu'c I< entitled t.J 

50% of thatnumher. You 111 c cntitlo:tl lll 11 1.: baluncc uf ynur accrued bene lit 

!'he QDRO also I'CI)llirc' th.tl )tlu prmitlt: li1r a Qualitlcd l'rc-rcurcm..:nl Sun·ivn• 

Annui•>· Thb cau'"' your h.:ncfitto be reduced by 2.6lJ"n. 

Additiunal lnfonnntiun u~ctl in )nne· t'al culntion (bas~d on Plan rcwrtl') 

You :trc IUIJ'!~. vested b;tsctl on ~CI'IIC.:Ihn•u~:l l iVlay I, 201o. 

Tl1c .tmtlulll t>f your rctlucctl ~ne!it ~ the grcntL11' of: 

I.J 'lf,, of the currcntl y 1111n·li >rlce lt.)tl contrihuttn11s lllttdc on your bchal f; 

I 10% of the anwutll gunr.mtcc:d hy the PcnsHm Hcncli1 Guanuuy Cmv .. r.tllon 

(PBGC). Please nt>tc th.tt tlu: amount of non-forlctlcd contribullun~ used i11 

calculating your new hcnclitnl.ly be lcs~ than y0ur .tcluJI illtl<>\1111 uf non-tilrfdtctl 

contributions h<'c;n.,;c l>f the tenus ul ~1111r QDRO. 

• i\nn-filrfi;:itt:tl conlrih<ttinn~ 1>1 1hc l'lan <)II your behalf. rcdu.:ctl per the c•rm~ ,,f ynur 

l)lli{U tu1al S~}.U 17.6ll 

) 

14.63 
II 0°o of the PBGC gu,u·,1111cc 1> $5:10.S9. 

I he gn:atcr of 1.3°u l'l non-t<>rfeitcd CCI 1Hribut on~. a> n:duccd hy h~ QDRO. and II 0" " 

oi' thc PRGC gua rantct! i> :!> 1.050.22 

Accm ~t· ol' thc QDRO, )'\11 11' new l>cn01it llllH>unl under I he prnpo~cd N duct1<>11 wnuld b~ 

SI.050.22. 

Plca'c l.. ccp in mimi that the l'lan's C,lrl) rdir.:mcnt mlju<lment facto1 will C111ltinuc to apply. 

Ju,t ~ it i~ llllllcr the current h:nn" ol the l'l.m. ityou retire before )ou read1 age 1\2, )OU1 benefit 

will he rctluced by 7~. li>r ~.11:h year that you art· under 62 Thi~ reducti\>11 Will he in addition to 

tht.: benefit reduction d.:scnl>cd abo\'c. 

I'll(;(' Gnnraulced Benefits 

I he l'l<lll\ actuary has calculated that 11' the prOJ>OScd reductions arc not implcmcmcd, then tile 

Pl:11 1 i:; projected to he in ~olvlJn l nnd unobk to I'"Y llcndil> when due i" 21115. If the I' ian doc~ 

not havu cr10ugh money It> tMY l>cnctits. your henelit would be reducc<l to til.- nwnthly PI3GCgl1:11'illltCcd level. Y~1 r cstimntcdmo1llhly J>r!(i('-gullrant..:<:d level Is $4~./.. lJ . 

Yuuo· hcnctH will he higher thnn the I'UGC-guaranl.ccd level if the )li'OJlrosctl hcncl'it 

rcduclion is approved by the TrenSIII') Ocpartmcnt and by the volin~ prncc~s tlcscrih cd in 

the ~otice or l'rOflOSed Redudiun uf Your l'cnslou Oene11ts that 1\ll~ inclucltcl with this 

(')lifHUle. 

14.64 
lnnctive All Al :tJ'X• Fonnulu 

14.65 
llRIC KLt\ nms & .\ I.I.IF.O CRAFTSMEN 

LOCAl. 1\0. 7 !•li:NSIOI'i I'LA"l 

11 FITC'H BOl l i.EVARD 

A liS I'I'IT0\\' :-.1, OHJO 44515 

PhLH>~ JJ0'270 0•-15.! l'nll free; ~00.' 435 2388 

110\\ YOL H MONT!ll.Y PAYMF.\'TS Wll .L HE i\Fl'F.C'I'I'.I> 

J>nrtid(lllllt C:liCJ.!Ory: l nnc live v~stccl t:n<lcr I\ J.!C62 

Thi' cs1imnte of the ellecl oflbc f>I'O(I"'"''I~<Iu.:tion o fhenefits ha> hecn pn:pnrcd fur. 

All dolln1· 3moun1s used in thi< no1kc or~ ..:•timal<!s nnl v. 'I he acmal nmoun1 Y•'U I'Cccive will 

dci)Cilll un things i~o how long )'(lll wcll'k, when yuu b.:~in n:ccivinl,! payments. c:hnngcs in 

mnrit~l ' latus, etc. 1-lowe,·er. I be I' Inn has flttcmptcd h> cukulule all rtoll ar :unot111ts '" L'ura y 

~ pt,ssihk 

IIIli> the pn>pnscd reduction in hcncflts would al'l'c·•·t ynu 

The Phm cvn,id <:l'ud )our ycurs ul's.:r\ iL:c "' nf May I , 20 16. 

J r Y''" , tart 1\:cciving your bene lit t>n you1 C•2"" hi11hday in th.: fonn of u lil'.:tim.: unnuity. your 

monthly benefit without the prnpo.<cd reduction \\uuiJ b .... 5876.05. A lifetime annuity me"'" that 

)'"' willtc.:ci\.: IXJUal. pcriodi" pJ)llWlh "hi.:h \\ ill.:ontinuc fot tit.: 1..:•t uf)''"' life. \\'ith thb 

fi111n of henelit, no hen <!fits wi II 1>~: pnirl to a bc:ndi~iary upon your death. 

l mrlcr the jli'Oilosed r~du~tinn, if ytlu stnn rccci' ing your hendlt on ynur C•2""1 h111 hd.1y in 1hc 

ll•rm of' 11 liiUmlc annuity. your b..:nulit wuulcl he 1cclu~cd to S345.1l. 1 

t\~ )'lH1 ct1ntiuuc Wl)rk iug. your hcnd it wnnunl mny ..;hnugc. 

Cun.:m Hendit: 

Ilene lit l!nder l'rnpooed Rcducti,,n; 

,\ moulll Ciunuull..:.:d by POCo(' il'l'll•poscd Rc,luctlon ;, l{ cJCCh.'\1' 

.\X /(>.U5 

.)'115.11 

S~ 450 

t I h·" ... t·f'o't.Uh \\ill lk ~ tl )t'41 l.l' yanf ht·n~·lll Ill .t Jtll.:r.:nt :t,r•n ~··· 11 tllt.'h' 1-\ .l C')l;i lfh"l 1•r.: r,·· fl'"fli.~n1 

WI 1\Uf .U! ~ui~y I or 1."\..'.!r.pJ..-. Jf )"t' U \·kcl lit;.· ,,o.mcvnh ~ lllf311("¢ l-)1111 ur Jl.'n.·h: o.UI\.1 H.'~!rl: t1 a .,-.h.!. \Hlr 

mn••'lv h~ ...:tl 1 ;tlkr '-'"1"-""'"'111 \\dl :1.• "''"''~' I'll';• .. ~· l-..:1.4:l n n1rK: tl· . .;l' rh.:-n· n~ f"·•l ~· • ~11 111 '''""''\.'fl..; 

,rv.u .1hk ' udt·l II c l' <~n .t') \H:'IJ <.. t..t lt'itll th: 111.m t >lfi.:t: 1:u l1.11 ln ulll•tll•:ll lt..ll' 

".:·· \ 1t\'.;" 2 Ill 11L: Nol icc nr t\ Prnr>n ... n l {nh .~· ll l .... >\)1,11 l'c: u~.llfi B<.'lit:li i'i ·.v1kh i ... hdn.IHI 1.\;' I h l)ll"i .... • .. u l' .l'i' 

14.66 
Pl~as..: ~c til ~ ion bdow ,·ntitl..xl "Additi onal lnformntion mccl In your Cnlculntinn .. l'or n 

further explanation of how the Plan :trri,·cd at your new h~ dit <lllllllnlt. 

The proposed reduction i$ p~l'tll ~m. 

This is an cstimat..: oftl1c d k ct <>I' the: propt>sed reduction o n your benefit under tile Pl:tn. It is not 

~ li na l henclit calculation. This was done ussuming thai th~ proposed hcndil rcdu on starts on 

May I. 2017. Jr the benefit r.: u~ in n statts later, ihc cllcct of lhc pmposcc.l reduction on Y<> ur 

bene li 1111 i gh 1 be d i fl~rcm. 

This ,·slintulo.> 1' bused on the lhllnwiug inllH'llll!tion from l'l~n r<.\><>l'<.k 

You lmw 6 y.:m·s of -::rccliicd scrvk.: untl<.:r the Plan us oi'M:ty I. 20 I(>. 

You wi II ~ 56 ami 4 momh(s) a> nl' May :11. 20 I 7. 

Addit"ionnl lnforntalion used in your Culculutinn (ba~rd on l'lnu n:cords) 

You rwc l 00% vcsL<:li b~sccl 0 11 scrvi-:c thr,>ugh IVIay I, 201 (>. 

The amou nt of your r<:dnccd bcndil is ~ great~r o f: 

I.J'Yo of the currcmly nuu-lorfcitcc.l comributions made on your behnll'; 

II 0% of the amoum guanmlectl by the ~nsinn Hendit (ium·anty C'orporauo n 

IPBGC). 

1\on-[(>rr.:ilcd c<Jnlrihutiw" 10 th" Plan <ln yow· behnlfL<mll $26546.76. 

1.3% or tlw nun-l(>rfeitctl ">ntributions cqunls $:145.11. 

II (1% t>r th<.> PBGC gu:ll'antc-: is $2:15. ')5 . 

The grc:tler <>f 1.1'l-o ol' non-lhrl'dted comnbutiolls t1lltl I I 0% or Lite PBGC uamut~<.> is 

$345.1 1. 

Plc:l:>c kc..:p in mind !hat the Piau's c:1rly r~ irem~ t adj usiJnetH fncror wi ll continue w apply . 

. lust as it is undttr th" cur ~nl .: ' nfthc l'lnu. i r }<Ill l'l;tirc be lim: yo u rcw; h age 62, your bcndil 

will bo.> reduced by 7% l'L>r cuch ycm that you;1re under 62. This reduction will be in addition to 

a·he hend1 t reducti<lll dcscrihcrl :lht>VI: 

2 

14.67 
I'BGC (;unrnii!CCrl Ot•mofits 

Th.: Plan·, tllnl' )' h. ~ c.llculatcd th:n i 1' 1hc propuscd ~·~ ... u-:1 in 11 ~ lire mil lk llt cd. th\!11 h~ 

Plan is projected Ill be insolvent nud unahlc Ill pn) bcndits whe n tlu.: in 2025. I i' the l'lnn dnt:s 

m11 hu' c o.:nm1gh ntvncy to pay henetits. )l'lll hcndit ll'<>ulcl be r"•du;;.:d t<• I he momhly I'BGC' 

g:t.arantccd level Your estimated month I) I'IIGC·gu:trantc.:d le\'d h ~21 4 50. 

\ ou1· fi t \\ill he higher thn u lhc PBGC-gua rantffd le'cl if the lli'OI>Oscd benefit 

n•duclion is npprov1•d h) the T1·casut·y l>CJ>nrlmcul und hy lht• vo lin ~: JH'uccss descl'ihctl In 

the ~otice of Prupns<·d Reduction of Vou r Pension Bencfil·s That wns includcrl with thi~ 

cs li mute. 

14.68 
BIH CI\:1 .A YER.S ,11; 1\1.1.1 ED RAFTS~II N 

LOCAL NO.7 PENSIOI\ I'LAI\ 

33 I'ITCII IlOLI.I·.VAim 

.\UST£NTOW N. 01110 4.:1515 

l'hone: 330·'270-o.tSJ Tull free ~OlF435 23S'\ 

110\\" \'OUR J\IONTII I.\ 1',\ \'1\JE:'IITS \\'11.1. HI•: \I' FIT TED 

Pnrtil'illlllll C'ulc)(lll') : lnudivc Vested lind co A~o~c 62 

This t~ uf tloc fl'cc l nl' lh-: prnpns..:d oo iu oool'he di ~ ~ hccn prep;o rcd li>r: 

All dollar nmuunls used in this notice are £W,vwtcs onlv. The :octual aonoum yllu o<O<:ch·c will 

ckpcnd on hi g~ l ike loo" long you Wllrk. whcoo yt>n begin r~-.;c ivin g pnymems. changes in 

nwntal stalus. ci~. l lr)\\'cvcr, I he l'lan ha< ottCilll)lctl to ..:akulate all dollnr nm(lunts as nccumtcly 

us pussihlc. 

II ow rhc proposed n•1horlion in bcncfih 11nnlcl nffcct ) Oil 

The Plan ..:onsiclcrcol }••ur ) ears of sen kc U> <>I' 1\l,o} I, 2016. 

1r )OU "aot r,_.,,.,i,·in!l ynur bcnelit on yooor 62'"' hinhclay inth.: l'onn oJ'n lilcltmc annuity. your 

monthly bene lit wilhc•tn th.; propnscd r.:duction would h.: $161.98. A li l'~timc annuity mean< 11 1111 

you will rt:cciv.: '" u~l. pcl'l<'dic payment> which will cunllltuc lc>r thl,) rest of yuur I f~. With this 

l'orm o f bendil. no l,)u~t ~ will b~ p<rid to a hcnclicoary upon your cl<!alh. 

l.ndet• the J'I'OJlO>O:ol ~\IUcli<lll . i l' you star! l'<."':civing }'<Hir h,;nelil un Y<lUr f>2' 1 birthday in the 

limn ,,r a I i ~t m.: :mnuoty. your benet it "oulu he ro:du..:ed toJ 'S 151. 7b. 1 

As )Oll o:nnlonue woo-t.ong, )OUr b.:n.:Lit anwunt may chan;!~-

('uorent lknclit: '1>11>1.96 --- flcnclil Umko Prop<.» ~ll ~tlu dio : '1>1 51.78 

Amount ( ilru lillll<!cd hy I'Jl(i(' it' l'r<.•l>u•;cd Reduct ion is R cj<.'Cto:d' '!d 37.99 

I h:·,:: ;Wil•lllth \\,!I be _ .... ~ i )llU t.t;..: )''llr l'l.:t·,~ft Ill u Utli'.:rt·nt tom· \Y" it ll.~r.• j , n <111.1 r.l•--.. ,, .. .:.r-.;li r(;J;(';l~ 

"l<r\i;,\f .u-nt.; .. )' Fur C\;ll'lflk il )\lll c>l\"\.1 I tf 'i) •r :nl· t• J:tr.ti\1C'i" IOn! d h~tt: !':l d:ttl n.1.u.: :u :l~ f\1. v.•u 

ru•l ly t,..·•~~·l ;' .t:t:• '"'tJCt.•i•.l \\i.l .h." ~l~'~'lh f' ,,,,. Lt"\.' 1 11t'"111"•llh' • 1:n .t ,,., •• , ~'11'"1~('1 :-htlc:lit' 

''"d.IJ.bl.: iil!d .. ·r 1h: Pla:l •~' \\c·l (\)nt:'l,...., i 1h; PI a <H II,-.: ti-r tu:ll'e-1 ni•un·t 1111 

• '~:' N t)l?. I in I' '"''" ,'\~)',.Ct I• ' A 111\ \j\ .. l'o\."t! R ... ·du. llt11\ il' "'' H II 1\ ,, .. l,\11 u .. : ndih whid i-. 11\l I '.!nl t\ II h thb ..:~ ll'MI.' 

14.69 

. ' 
!'lens.; se~ the st:-.:tion below "ntitkd '"Additinnnl lnl'na·mllt'inn us ed in your Cnk ulaHon .. lo r a 

further c,•q1 lan:~tit>ll ,,f how tltc Plan ;u-ri, cd '" yc,ur new ~n~ t cntwunt. 

The prnpm;ed rcdudiun is p~ wHt~n . 

This is on estimate of the en;;:ct oi' the proposed du~t ion on ynur bene lit under the Plan. It is not 

a lina l bcndit c<tkul ation. Tltis was dottt assuming th:ll th<: pmpost•d b.:nclit reduction starts on 

May I, 2017 If the benefit redu ti nn stans later. tile c!Tcct of !he propnsed rerluction on your 

benefit might· he di :r~ ll!. 

This estimate .~ ba~cd on the lhllnwing iuf(ll'mntiun li'<ltll I' Inn rccorns 

Yvu hnvc 6 years ofcrcclitccl scn•i.:c under the Pl ~ of Mny I, 20 16. 

Y t>\1 will b..: 60 and () nhHll h(s) as o r lVIay 31. 20 17. 

Additiunnl I nfonnution used in your Catculutlnn (hnscd on I' hut t'rcnnls) 

• You"'" 60% \C>tcd ba":tl <HI service ruu~h :VIuy I. 20 I 6. 

• Tho mn<ttmt ttl your reduced bcndit ;,, the grcut~r or· 

1.3% or the currently uort-lud'citcll c<.mtdbution' mudc on your bdao l I'; 

I 10% o!' the amount gu nnmtccd by h~ Pc·nsion Bcnclit Guurnnty Corporation 

(l'll(i("). 

\1o n· torfei ted contribution.> to the I' I an nn your he half total $8. I 80.07. 

1.3% ofth<:: nnn-tnrli:ited ccmtnbuttons •quais $f>l.1l() 

II 0% nr the I'B(i(' );Uaru ntet: is$ I 51. 7H 

The g•·cater r>f I .:\'X. of non-fh rfcired wml'ihutinns Jnci 1 HI% of the l' ~( (' guanmtcc ,~ 

$15 1.7S. 

ea~e kec:p in mind that the PI an's l'arl y rcti rcmcnt adjustment l:tctor w iII continue tn nprly. 

~t u~ it is under the cun·em term< ol'lltc I' Inn, if you retire INfore you reach age <>2, your benefi t 

will be ·cdu~cd hy 7%, fi>r each year that you urt· under 62. This redtH.:tion will he in nndition to 

the lx:ndit rcducti11n clo~c ri h.:d alxtVe. 

2 

14.70 
I'BGC Gmtnllllrcd lknclirs 

'l'h.: Plan's a..:l ll:\1') hus cukulaterl rhat if rh..: prvpuscd ed ~tion• are not mp -:m ~n d, then th~ 

['Jan is proj .:.; ~< l w ll<: rn,ohcnt anti unabh: W I'"Y ..: clit~ 11 hen due in ~IllS . If til..: Plan due, 

not have cnuugh muncy In pay bendit.. yuur hcnc lir would b..: l'l:duccd I<• the mnmhl} PB(i< ·-

)3l1Jr.uuccd k'd 'I <'lll' '-"'lnnatcd monthly J'IJ(j(.' l:lltltulllt:.:<l lcvd i-; \117 •>'1. 

Yuur hrnclit "ill he hi~:b~r than the I'HCC ~: rnnr~ d lenl ;r I he Jlmposffi bcnet11 

rcductiou is :lJ>IH'OVcd h~· the l'rcasnr) Departnmu nnd by the \Oting JH'Orcss dcsrriheu in 

lhr 1'\otkc of 1'1'0Jl0$fd Rt•tluctiun ur Yuur ····usion llcncnr. thul "II~ ludnclcd witb thi• 

estimate. 

14.71 
Inactive All AI l'X, Furmula 

14.72 
BIUCKLA YEns & ALLI liD CRAFTS~ I EN 

LOCAL l\0. 7 I'I•: NSION PLAN 

JJ I'ITCIIIIOULEVi\RD 

A I.,STL\'TOW\J. 0 1111 l 4~5 15 

Phone: 3 30 2 70-0-15~ 

BO\\' \OUR i\IOl'iTHLY 1'.\ \' \IEI'iTS \\ILL BE AFFI~( I El> 

l'articip:111t att•~:ory: lnaclhc 1\un-Vc<tctl No C h a nge 

All doll~r amounb used 111 thi< notice arc c,tundtcs nnlv. The actual umount yc•u rccc" c "til 

depend on thi ng.' like how long you '"lll, when you begin ..-~t!ivin)l il·') ment~. changes Ill 

nwrital stallls. e tc. Hnwcwr. the Plan has altcmptcd tel cnlculmc all <loll.rr amt>Ltnl' as nccunrtd} 

:t:\ po . .;siblt!. 

I low the Jll'Oposctl n •clurtion in hcncfits Wl>u ld afl'c,ct yo u 

Th.: Plan considered your years of service as nf \lay I, 2016. Plcusc nnlc tlml ynu will not be 

eligible for nny lx:nclitunlil you arc ,-c<ecd. Ynn arc vc<ted afier you hn,-c 5 years of scf\·icc and 

have not forfeited ...:rvice. 

Considering ynur s~ ·vrc<! as of May l. 20 16 und the requirements oi' lhc law. if }Ou b~corne 

vc~ crl and "t n·l r~ dving Y''ur hencfi1 wh~·'' yl>tl 1'\.';wh uge 6::! in 1-hr t{u m of a lif'~..: time anuuit), 

your nllmthl y bcndit culcululcd as ur May I, 2tl I (l m' S.\4.13 will Dol du111gc u1ldc:r·1hc tm•posed 

r\xhrclion Ynu will CltJtlinm: lo he cnlil k<lto ~3, .13 inmnnthly en, (lllii~Y ltcll s. 1 A lit;.;timc 

;rnnuily means lhal you will r'Cc.:iv.;: equal. p<:rwdic pn)tnCttlS 1\ hich will cnntilluc lot· the rt!l't .-.f 

)'<'Ill' li fc. W 11 h 1111 ~ l'nnn of benefit. '"' hcndit> will he p<nd Ill o hcndk iury upon your death. 

:h )Q\1 contintrc \\\ltidn~. ynur hcndil amunnt IIIII) dmn~o:e. 

C't 11 n:nt Bcno.:fil: 

Bcnd itl,ntlcr· l'roposcd Re<ludiun 

Amonnl ( n~ l'lllllt•cd by p IKiC I r l'l'tljlto,Cd Rl·d ll\:1 inn is lh:j ~ctc ' 

s_,4 11 

S.\4. 13 

S11. 1 0 

I h.:-...· ~W\ \.I . \~II ~· ,1 l1.-.. ,., .. lf).\.l>J loll.\! )'•~.u ~·•t~fl 11111 rlit"f,·h"H furn \T il1l-..'f~ •• a qtta 1tiu;l p-r-.:-r.:lJh:n-. 111 

'\llf\·h;or :l!WIIt:l"), h,>t ("\d:-1:;>:.,· 11" )"•U bCCO!lll" ''-"'''"•I ,• ~o! dnt lllt:' O:i-ntlO! l ~u:u Ill "\'t" ru11 1uf h:t..:ti: a·\d. :;: ... n.• .tt 

t•s 6~. );U\.o.f •wnlhh ~·t•f li• :t1k t ' ''J't>·t .. un \'111 h.· "i' \ \!1_ Plea~ J..ecp .r. nn;u.l t·~;~t t11.:r~ a~l! \.'d ... ·t 1, fO' ... ~1 

llo..'!l1" 1 "':l\ .il;t 1k unn· tiM.· PJ.m "" ~\dl. ( f\1 '-'' •h·l' u11 ll .:t.• li•r fvth.·: r-~111111. ,,,, 

Si.."..: l\<.1:;:-: m th~ :\\1··~.: r+' \ '1~~HH~d lt~d.tt:tH•.'l ,,1\ •u 1\: 1-:ion lkt•c.fi::t \\lm:h 1 ... :IK.I•.ttL-rl \dtl h.~, c-.th;,L• 

14.73 
I his i' an c~t int ut,· uf tlw i.:~t oft h.: pt'<' "''~d t'l'dllctintl on Y•'ur b,·ndil und~r h~ Plan. h is ntit 

" final bo;:nd it lnl ion. Thi, wa, done :lSMnning lhnt the proposed hcnclil rcdu~u n starts on 

Muy I. 20 I 7. I J' h~ bene lit reduction $tuns Iuter. the effect ol' the pwpn,-:d reduction nn your 

he ~ lit might he drllcrcnt 

I his estinHII~ is b""'d unth.: following iu..lonmtlinn from l'lnnt'-"''nb: 

Y nu have 2 years or credited ""'tee ltntkr the Plan"' ul II 1.1) I ~OIIi 

Yt'U will be 3S and I() mo ll l(~ l OS t•I'M:ty .ll. !0 17 

Y uu ur..: ll% vested based on serv i<:c th mugh ivlny I. 2UI (• You 11 iII nm b.: 

enlitkd In a hc11elit untkr ~ l'lan unless you eam mlditional ~crv cc. To b.:cume 

V.:'tccl Y•IU must h~vc 5 y~un. ur '<!!'Vice and IH\1 c nll lurl\:iture 

Pka;,c """II 111 mind thnl the Piau·~ curly reln~mclll adjustnK'fll la~tur wrll conlmuc to appl) 

.lu<t a< i1 is undct' lhc \'1111\0nt tcnns <•fth~ l'lnn. if vuu retire herore yoo n:ach :tg.: 62. your b.:ndit 

"til be r~uu..:,-d hy 7% lhr each ar I hal)~'" arc nd , 62. 

1' 13GC Guurunlt~cd IJ~urfits 

The Pl an's actuary hns calculalcd thai if lh.: propoSC<1 rcductiuns urc not imp lcltlCillcu, lhcu the 

r•lun is projected In b..: in ~v cnl ;md unohlc tn p;ty hcndil< when rluc in 2025. lr the Plan dcl<.!s 

not ha' c enough money to pay bct'K!lib. your hencli1 would b.: r.:uuc .. :d to 1he llll'lllhl} l'llGC _ 

~uar. teed le\'cl )\lur cslituuted nuu11hly l'l!(o( ~uar.mh:~d level i< S11 I (I 

'1111r hcnr 111 will he hil(hcr than th ~ PBCC ~:unrnntcccl level if the prupo~ed hcnclil 

reduction is nppt·ovcd by the Tr~asury Ucpnrtmcut nud b) the tin~,t III'OCC•S described in 

the 1\'oti<·r of Propo;cd ltcdudiuu of Your Pcnsinn Bcuctits that was iucludcd \\ith thl~ 

estiniate. 

, 

14.74 
BRICKLAYERS & ALLIJ::O CRAFTSME:'>l 

LOCAL NO.7 PF:i\SIO"' PLAN 

33 FITCH BOU L.EV/\RO 

AU!:>TINTOWN. OHIO -H5 15 

hon~: .B ll!2 0~53 Toll flw· 80()i4.1~ -23&~ 

llOW YOU It i\IONTHL Y PA YYH:NTS WILl. I~ I' AFFECTED 

l'articii>Unt ClliC)tOI'y: lnacli\'c \'csiC<.I Umlcr Age <i! ~o hnn ~c 

Thi' imatc of the e ffect oi'1h" prnplls.:d rcductiou o f benefits has been prcp;1r0u !l>r: 

i\11 dollar ann>unls used iu this nolicc nrc eslinmtes onl'(. The HCI\IOI nmoun l you rccciv..: will 

d"pend on things like how long you work, when you begin rece ivi ng paymcnls. changes in 

marita l status, ~. How..:v..:r. lh..: l'l:i n hns llllempled 1u c alculat.: nil do llar amoums s a.xuratdy 

us poss l~. 

I low the proposed reduction in hcncl1ts would affect you 

The Piau c onsidered your ye;1rs of service as of May I, 2ll I(>. 

Considering yot~~· vice as u!' 1vlay l. 20 1(> and the requirements ol' the law, 11' yuu stm1 

l'cceiving your benclit when you reach age 62 in the funu uf n l ifctim<: }tn nuity. }'Dur trlOnthly 

bc:ncfit ca lculated as of May I. 20 16 of $ I L1. 2~ w iII not change undc:r the proposed rctlucl ion. 

y Oil wi II ~on inuc to b~ entitled If) s I l3 ~3 in ll1l.l!lll!l y t>cn;iuu p~ )'lllCill s. I " li ret ime Mlllll it)' 

means !hat you will receive ~qual. periodic pa ymenl'; wh ich will wnlinuc lor the r0sl or your 

life Wi1h this li um ol'bcnclil, no hend ils will h0 pa id to a ll<:ndicinry ur•on ynur dent h. 

As you c •lnlinue worki ng. yo111· benel'it amount may change. 

Ctll'renl. l:lenciil: $113.23 

Bene fi t l 'nder Pro >O'-~ d Red uctio n: 

Amount <..i uaranleed by PBGC iJ' PropO>cd R0duc1iOil is Re.iected1 

Sl 13 23 _ _ _ 

$98.67 

'lh.;-.;: nunH will tv.· <hft'.:nm: it' yott lc~!-..c y .. wr )l·~t~.'fll in :'1 il'll~ u hrn~ m il ll\i:I'L' ,., ~ ~~m:1 icd pr.:-n.:tir;;m;::m 

::.m'\t\l)f tnnuity. F(;:- ::x· ,unpk. ,,. y~) l ck..-::1 t" ~ 61) month guaran ~"t' Cvnn {\r h\'·nefit am! rcti r~ a1 ::~g( 62, )'<'til' 

lllllll1il!y l'CIIt:lil :lnl't "'' ''1'-'n'\iiU! \';ill be '!>) 11. 1'), flkil.S, .. \ l'(:p in n11n1f tJml lht.•n: IIIC tlll;t.•:- l':nn ... (~j' hcr.d it:. 

avdilahk under lh~ Pttu· a:- \\t'll. ( nnfitcl tt· ... ~ Pla:'l O !ii'..:t.' for li.trt~ lt'l' infonu:ll i(la. 

• S~:c Nult' 2 111 ' ht" N(ll'i..::\! llf t\ Pn •pll:->..:d Rt..:dufli• HII)f vonr ..! .; i~) 1 B-cndit.; \\ hich 1~ indmkd w:tlt thb \,·..;:1mut.:, 

14.75 
nu, "·'" ,.,hm.llc nfthc \!fT,"\:t t>lth.: Jll~>l>~""'l rcJuctitm nn )OUr hen~titundct the Pl;m It "not 

n linnl bcndit ~ .. lt:ulatiun. This""' ll<•nc th<Umlllg that the pmp<!scJ h~ndit n:tluctton >t.ort' on 

M.t) I, 2017. lfth.: bcndit retlucrion >tar" l.ll cr, the dli!ct •>fthc I"OJ'tl>C<I ••~luchun on )Our 

bc11dit might!>.:: di lien:nt. 

Thi> ..:s im~tc is haseci on the I(•! lowing inrt>nnnti••n lh•m Plan recnrcis· 

Yott have 5 year~ nf r~tli t.:d service under the Plan as of M<ty I. 2016. 

Ymt will be 33 and II mnnt (~) as of May .11. 20 17. 

Yt>u art: I 00°~ '~sled ha«.-<1 on sen i"c through May I, 2016. 

l'lc.l.'<: keep in mine! that the l'lnn'> early r.:~in:mcm adju.<tmenl factor 11 all contmuc II> npply 

Ju~t ns it '' und.:r the current t.:nn> of the l'l.m, i I )Ott r.:hrc l..:llwc )"" '""d' "!:'' (>~ . your b.:nelit 

will he rccluccd by 7% for each year thai Y••u arc under 62. 

l'riGC C uitr;ntlecd Benelils 

l'h-: l'l:tn's Actuary hns cnlculatc(l tl~; tt if tit~ prnpnscd re<lucrions arc not iHq>lcntcnlecl, then aht: 

Pl1111 i' prt~j 't! d to be insol v..:nl and ll tuhl~ t<• p<ty b<>ndils when due in 202.5. II' I he Plun does 

11<\l ;~ve enough money lo poy b..:ucfils. your bcnelil' woulct he rcrluccd In tl1c motnthly POGC'-

t:u.ll tlm..:cd lc\..:1. Your <l>tiuwlco.l muntltl) 1'1\(;(.'.gunrant..:..:d level is S9X.I>7. 

Your hcndia "ill he hiJ;:her thnn the PllCC-J;:uamntccd lc\cl if the proposed benefit 

rcd ucrion is approv~d by the Treu~ury Ucptll'tmcnt nnd by the 'otin~t 11rocc" cl c~rr bctl in 

the Notice of l'roposcd Rctlucticm of 'our Pension Benefits that wus iucludccl "ith this 

cHimatc. 

14.76 
Inactive All At 4.1% Formula 

14.77 
BRJ I~LA YF:RS & ALLIED C RAFTSI\1 El\ 

LOCAL NO. 7 I'ENSIOi'i PJ A 'I 

1J ITI CII no t :LEVJ\RD 

.-\CSTINTO\\'N. OH l< > 445 15 

l'hnnc: 110<!7(l.fl45J Toll li·cc: 800'.J35-21SX 

II OW YOUR 0:\T LY I'A \ 1\ E~TS WlLL llE: AFFECllO 

Pa rticipant nl c~m ): ln:oclh " V<•<tcd l ltHIH Ajle 62 

Tit is cstinutlc ttl' the c l'fcct of tht.: proposed r-:rl u\.!1 ion of bcuclits has been Jll'cparcd l(>r: 

:\ II dollar amounts used in thi, notice arc t:'timnh;s onlx. The ;octuul Ull totlnt ynu receive will 

clcpcud on lt ill t~~ like lt ow long you work. when ynu begin recetvi11g pnymcllls. chunges iu 

marital status. d e. llvwvvcr. the Plan hus Hl.lcmptcd to cnlculatc ull dolhu· tllllLIIInt' as accumtdy 

as pn.,sihlc. 

lion the 1H'0 1)0Sl'<l rrduclion in b!'ucfit, would nff'cct you 

'I he Plan .:onsidcrcd >•'"" ycnrs or' s..>t,·i.:c '" nf I\. lay I. 2016. 

If you J<tart receiving }'<>UI benefit on )OUt 62'"' birthday in the fnnn of a lifetime annuity, your 

mnuthl) lwuclit witliOtt t thc proposed reductinn wnulcl be $~7~.79. ll.l ilc il n~ ;~n nu y means thut 

ynu will 1·ecd"e ...:quul. perirldie pflym..:nt< wl1il'i• will Cllntinue f(,r the reo;t c,fyuur life With this 

(onn ,, b~:tt it . ll\1 b~ Ji r, will be paid '" a hcn ll ~trt ry upon your rt..:nth 

Und;.:r tl"· prvr tN.:d rcdu.:tion. if you >tart receiving yout l>..:n..:tit o n yotll (>2'"1 birthday Ill tltc 

torm of a lifetime annuity, your bc ~li t ••l•uld b~ t\'tlu~cd tn '&27~ M. 1 

A~ yon ;:ontinue \\Orkin::,. }'l'ur bcu;:lit anwtmt ma) chanl!e. 

Cun-.:m 13.:ncli1 

B<:11clit \ 1mkl Pntp<'>-:<1 Reduction. 

A m nunt ( ruumntccd hy l'll( j( ' it "l "~"d R, du itll l is R-; cd~ ~ 

$~7~.7'1 C:..,....-- $278.64 

$ 178.75 

lh~s.· mn"un:._, \\Ill tJc t~.·~ .. tl yLu tak~ ~~Jur l,c •.:tit •• 1\ Ctlf'"'h"lll ··t•r:~· • tf dati\:" '' 1.1 lpu'.i.t..'l.lt' ~-n·· lr'ttu:nl 

"11"\i\·-'V ;u·ndl}' I.•• '-"'~'~l'l.--, it you dt::t lhr hl•-mvt:th ~J.!:.uU ... "\.· Mnr. n h.:n;h u~l~ n:cirl' ~ d:!e n~ )'\ 1 

mul!!l".h b..·r:~r . alk "'''th'l ,,,..,.\\.:I h: $27' 1(, rk:J~' .. :cp it 'lir,lll~u 11..:-:~ dll" ,.d.ot.•: h).,'l\ .. (\f ~tc-rdit .. 

1.;:ai!:-.h'.: • rtlcr lh.'l'"1n fh •.\C I. (('lit?.<': •-.e Pl.i Ot'li.,•·l't.n 111 ..._., m;t1r:r .,,., 

'-.,•,· N·.ll':! 11 111~- Ntolt\·•· '' A 1'1 1"\""T R..:Jurtk 1tll ~ •;u· P.:t·d01l J\~PI.!'Iib \\hidt '' udt.J~d \' :lh llu, csri a.l\<: 

t4.78 
l'l<!ase s.!e tho! s.:c tinn bd0w emitkd ··,\clclitional Information used in yont· <:alrula tiun·· for a 

1\Jrlhcr ~X pJanal ion oi" h0\1 lh\0 f'lt111 arrived nt .YCIU I' new hCIICfil :11 llLIUill 

T he prupPs..:d n:dth.:tion 1:-. pcnn;mcul. 

This ~ nn estimate of the eflccl of the' JlrOI>oscd ,·eduction on yout· n~11t undcr the Plan. II is nL>I 

:\ tina! bcnclit cakulation. This was d<1ne assuming that the ropos~xl bend it reduction st:nts on 

May I , 2017. If the benefit ,·educt inn starts later, the effect of the prOJl<'SCd reduction on yom 

bcnclil mighL be di l'lercnt. 

T his c;::.tionate i> bused on the tbllowing in((Hmali<>n from J'lan records: 

You have 5 years of cre<lited service under the Plan as ofM:oy I. 201 (>, 

You will be 55 and<) month(s) as of May 31 ,201 7. 

Adrlil'i<1nnl lnfol'lnntion nscd iu your Cnltululiun (l><lscd <1n Plan r ecords) 

You are 100% ,·ested based on service through May I. 20 16. 

Th~ amount of your reducer! benefi t is the gr~11 cr ol': 

1.3'% ••!'the currently non-fi.>rfcitcd contribution> made nn your behalf: 

I I 0% of the amount guarantc.xl by the Pension Benelil (iuaranly C'orpmtnion 

(PilGCJ. 

Non f<.w(·c tt ~rl contribution> tL> tllc Phm <tn ynur hd 1<tlfrotn l $21.433.86. 

II O'Jio <•f the PllGC' t~uarun c" is $ 191i.fi1 

The ~;rent er ut' 1.3% or nou-JlJrtcitc<l cnntributit>ns :u1d I I 0" ~• of the I'BGC' ).IUarontcc is 

S27il.64 

!'lease keep in mind that the Plan's carl) retirement atljustment factor will cominu<' to apply. 

u~t ~ it is "'"k;r the currcnt tcm1s of the l'lau. if you retire b¢1.(•rc yuu teach ag0 6~. )'<>Ill' hcnclit 

wi II he reduced by 7% for each year tlwt yuu ar~ under 62. ~ reduction will be in adrlirion to 

the hcm;lit rcxluctivn dc><:rihcu ubnvc 

2 

14.79 
l'BGC Gu:~ ant,·rtlllrnr111< 

The l'lan's acnwry hu> ~:akulat ed tltat Cth~.> 11mpnsed rcducti t>ns ~ IH'I mpkm~nt~ . then the 

Plan is prnjec1ccl ''' h.: 11 h~:nt an<l unubl.,; tu p:~y hcnelits wh<.:n ou" in 2025. If the Plan """s 

t\0 1 have C1lllllgh 111llllC)' ,,, p;ty bcm.:lil>. your hcnclit \\OUid '"' renth:Cd 10 till' 111Clnthly PBO< ·• 

guaranteed lc\\:1. Y••ur .:stimatccf mom hi} I'B(iC-guamntce-llc' d isS I 7K 75. 

You1· benefit \llll hr hi::hcr than thr I'UGC-~tt:u·antccd level if the proposed hcnclit 

n·dnction i> :tJifll'o\l-d h~· the Treasur~· DcJ>U1'tmcnt and by the \'otin:: process dr<cribed in 

t he ~oticc of Proposed Rctlurtiou of' \'our l'cu,iun llcuel'il; tltltl \\·liS incluclctl with thb 

t•slima tc. 

\ 

14.80 
lnMdivc Multir1lc Rates 

14.81 
BRICKLAYERS & Al.l.IIW CRAFTS.VH::'I 

LOCAL 0. 7 PENSION PLAN 

33 fiTCII IJOlJI.I,V.'\IW 

AlSTL'.JTOW~. OHIO 445 15 

!'hone: 3.>0!270-0·~53 'l'ull Ike: ~00 435-2 388 

II OW YOUR ~10!\THL Y I' A YMEXI'S Wll.l . Ill-: J\1-'FI•:C n :o 

l'u rlidpant· Cntcgury: luutth·e Vested lJ nrh:r 1\gc (,2 

This ..:stimnlc oi' I he ctl ccl l> l'lhc propoS<·d >'eduction <lf' hcnctits hns been prepared fur~ 

All dollar amounts usctl iJ1 this nmicc arc estimates onlv. The actua l umount you receive will 

d~pcnd on lhings liko.! how long you work, wh..:n you b.:gin receiving payments, chnngcs in 

marilal slalus. de. However, I be Plan has atlempletll(l calculate all doll ar amounts as a.:curatdy 

as posstblc. 

1-Jow thi' JH'O(Ic>Scd rcd urtion ill benefits 1\uultlaffed you 

'The Plnn consic1ererl your years (lf service as of :Vlay I. 20 16. 

If yon stan r..,.;civing your henelit on your 62"'

1 bi11hday in ihc furm ui' a l[l'ctimc ar111uity, you r 

monthly bcm:lit wit hvut the proposed r\!duction would be Sl,:l53.79 A lifetime annuily means 

that you will o•eceive equal. pt,rindic payn1eni.S which will cominuc lor lhc r,·,t of' your life With 

this lunn ol' bcndil. no bcndit> will b.: IJUid In a ocn.:lic•ary upon Y•'urtk:llh 

Un.Jcr the prOI>O$Cd reduction, il you slarl receiving your l1 1 nn ynlll 62"'1 hitiltday in lhe 

[(H'Ill or n I i lcti me annuity, your bene tit would be redtlccd to S462 .29. 1 

i\S you ..:on1imu; w<•tkin~. your bene: lit nrnount nmy t.: han:4L;. 

Current Bcnciit: 

B~n..:li l U ndcr I' l'(li)Osc<l Reduction: 

Amounl (iuarank.:tl byPB(i(' it'l'roposefl R0duc1 ion is Ro.!jcctcd1 

j,(.353.7<) 

$4o2.2'! 

$250.2::..:5 __ _ 

' Th~"t' amn.mts w•ll lK· k;)~ il' ou 1<1!-.t· J'tHI: bcm:Jil tn <! dif:-'cr~t:t rnml nr if rhcrc l' a qc~hlkd pr.;.··n.:>U\'Illt.:m 

');,11'\'1\,):' nnnuiry For c-.:ampl.:. if }'f'IU clccl IIi..: (!ll.;a:cH:Ih g•::Hill:'c:..- ~n • u f t'~· n~,. · lJnt' ;eln: ~'i a::~ r.2. Yi.'UI 

:nonlhly h\.·urli t ;tlh:'T ,u .. p~ ,lut ' \\il l 11:: ~5}.1) . Ph.•a:..~.· !o.t:.:p in l'liluJ lhm lh\ ·r~.: i.1H.' (llht:J t'twm' vi' b~;.·n..; lit:-. 

;~\·a ibll k under 11:..:: l'l:ut a.'\ \;.:.,:1.. tW l:l~l the p;:m Office ff•l' ft e"'7llt;l lnl'un uattuu. 

' s~~ Nutt.: 2 i 11 II•...: Nt1tit ,. \.1 f :'\ I'IHI',''h:·d H.: .. li .~Ull l '·r )'t-lt:r 1\:ll-:i\1:1 li\,·n.:fu ... Vh ~:h i•; ino:fnd.:d \\ i:1l I hi .. t"··li ln..th.:. 

14.82 
1'1.:."" ~ ...,the se.:tnm hdm• entitl.•d ··,\cltlitiunullnformntion usrd in )Ottr Cnkul.ttinn lnr a 

lunhcr ~\p .nt.ttwn <~I ht>\\ h~ I'IJn Jn 11 <.XI al )onr 11<:1\ bcndit amuum 

TIH: pn\pc• .... ...:ll re.tu..:ttlm i-s t: 11l tl !ll l 

T hb is till cs1ima1c nr the cfl'<-..:t nr the 1)1\lpt>>cd cl ll u on your l>cndit tllltkt h~ I' Inn. 11 ;, nnt 

u liual b-:ndi1 calculation. This \\liS th1nc l.~S ing th"l th ~ po~ed .: ~fit rcductk>n nr ~ ' ' II 

1\llny I, 20 17. It' the b~ tit reduction Ma ~ laiC!', the .:ITcct or I he l" '"l'" sc!l reduc tion on ynur 

li l mighl he eli n·.,ro::nl. 

I 'his estimate is based on lite fo llowing infur111 ation from Plan rc.:onls: 

You have 7 y~a~ nl' credi1ed :;<:tv icc under the Pl•m as ur II lay I. 2016 

You will b.: 59 and 1U month(Sl a~ ufMay 31. 2017. 

\ rlrlitionnl Information usccl in your Culculntinn (ha sed on Plnn r~conh) 

You m·e 100% vestt'd based nn ~c ~i..:c through May I, 201(>. 

The amount of your redu..:ed hcnclil is h~ grcat<Jr of: 

I J% or b~ ~nll y nnu-li.>ri'c i 1 ctl ri ions made on )'our bchn I J; 

110%. uf ~ amount uM nt ~cd hy the P.:nsion Hem:fi1 (iuaranly Curpomuon 

(PBGCl. 

~,,n fvrfcited ron nbutio ~ II> the l'lan •>n )t1Ur l>~hnlftotal $35.560.8.3. 

I J(l"o ol'thc l' llGC gu.111111lc..: is \17~ 2X 

Th..: g1catcr o f I.J% of nt>l1·1i>rrcu.:d c<1 nlriburio11S nn,l II ~;, c>i' lhc l'IK i(' f,Utll\ llllcc i;. 

$462.29. 

l'lcase keep in mind that 1he ·~ cnily rclircmcnl us ~nl l'acl<>l' 11111 cocninuc to apply . 

. lusl ll< il tS ~r the urrcnt tclllll> uf ~ l'lan. if you r.o ir~ before yc>u reach age 1>2. }0\11 bene lit 

will be •·educed by 7% for each yctu that yt> \1 aru under (>2. This rc ~ti n "ill lw in ndditiun to 

the bend it• c~ uc >n tl.:,.;r ~u ahu•·c 

14.83 
I'BGC Guarautrccll3ruclits 

The Pl.tn'>- actunry h.l ~ cnkulutcd thar if th~ pn•pusc.! ~cluc ions urc nt•l implcn>cntcxl. then the 

l'hn is proj..:..:lctl '' ' 1..: ' "'"lvcntand unable t•• p;ly IJ,.,w it~ wh.:n due in 202S If tl\c: Plan do..:s 

nul haw enough money hJ pay henelib. vour l>cn.:lit would l"' reduced ''' th..: munthly PJ3(j('_ 

gunram.;c,llc'el Y<'lll c~tiauut..:d momhly 1'3UC-guarant<!ed le,·ct is S250 25. 

Your bcnelil 1•ill hr higher tbau the l'liGC-l!,ttllmntccd level if tht t>roposed bcncllt 

n•ductiun i~ :ti>I>rovrd b~· the 1 rcasnr) Department :mrl by the •utillll (>rorcss described in 

thr .'lot'icc uf 'rupn~rrl ~rt ludion of Your r,•miun Bcnclits that "'"' included with this 

rstimntc. 

J 

14.84 
BIHCK I..AYI::RS & ALI.I EI) R.AFT L~ 

LOCA L NO. 7 !>ENS ION PLAN 

.>3 FITCH BOll Lb. V,-'\ RD 

i\L:STIN I"OWI\. 01 110 4~515 

l'h,,uc: 3Jll'270-045.l I "II l'r,-,:: OtJ -B5-23SS 

110\\' \ OJ.:ll ~ 101\TII t \ I' A YM£~ 1 S \\'11.1 . KJ:: AFFE(. fED 

Participanl \ ul cl(nry: l oolll'livc \'es d Lloollcr ~c 1>2 

All dollar amount' UM.:<I in 1his ooolice arc ..:"tim:u~, onlv. The ncmnl urnuunl you receive will 

dc1>end (Ill 1 hing, like h,m 1Lu ~ Y''" wnrk. whcoo you be;; in R..:eiv111g J>aymcnts, change, iu 

marital stalu~. etc. uw~v~ . the l'lan htlS llltcmptctlln c11kulate all d<>ll;u• lll llutJools us accurately 

u' pos, ihle 

I low tlH• p ro pose(] n •du rti on in hcn cfit.~ would niTect you 

The l'l;m cnoo~i olcn.~l >"'"' yean. of s-:rvicc as nf VI;)) I. 20 16. 

If' you ''"11 tccci\lllg your b.!nclil o>n }UUr 62"'1 hinhday in the (onn of a lifetime ntmuity, your 

monthly bcnclil "ithoutlhc pn•pos<!(l o\:ducti(lll would h~ SR·<l .lll A II I clune unnuily means that 

vou willi'eceivu cqunl, JlCI'iodtc pnymcnls which will continue lor Lh ~ r~sl nfvouo· life Wtth 1hi' 

l'c>l'lll of clit , Jlu b..:u.:lils " ill ~ paid to 11 1.: li.:imy upon ynuo· ~.:ntl o. 

Under the propus,'() ~duc ion, i(' ynu stnrl rc..:ci' inu your b.:ndic 0 11 yuur o2''' binhclny in the 

llmn u r" I i li!luHc unnu it)', yllur b~ndit would he r.:duecd 10 5>550.5 5. 1 

A .. ynu "mllinuc \\'Clt\...ing. your b\..ih.:fil UllltlUI\1 m .• y chang\! 

C'tii'I'CIIl ~ndil : 

Llco1dit UnJcr Pn•po.;\Xl (~rlu.: l ion: 

,\111011111 ( iu ll l\1\l~ccl hy l'llGC i!' Pn•po$col R<!duccion is Rcj c..:t..:d: 

I II ~')t·. •l.ut ,It, \\II be h,;,, ,, you :ak.: )l"•d b'-"· ~r .• iu •• c.ltiT .. :r .. ·sr . • ~ ...... n· (V if tl ~·;.• ,,. I lll . .s'i11cJ rte-tctlh.'n·.~··· 

-.ttf\ .H•r ~,,. .Jit} ft'lt ,~\:tlllll~ 1f )\."M_I d«t th: i'!lf ·m··ul• • 1.;1 1f't't" f.• m ull••:tt..·lil ,,.,1 h:tm· ~~ .t:;(C ii". )•llf 

1\hlt •I} ·:.:-c."li ... , .. h,•,·n ... q wtll I~ $"0-t!J •. \1 Pk. ... .- lc-\."1) it: ~·ird tl':\' r' .,.., .... ~..: "'~ ft'r IOrrr' .._\f l\.."!ll.•fl, 

tva ... k ..Ckk r ~: I'I.W• :t .. \\t l\'lltk<=ll llt: 1 .. 1.111 01'·, ... '-. h ,.·,,~f 111fvaJ;ou:on 

- ')t't ,\\1(' ' f1 lit .. 'i't;(.." ur r\ r·l'ljll'"""'' J(~"<~llfli••ttt•f tl\11 f' I •dttll lk"._•hlo.. \\hldll• .!'.~ ~~ cd '-' lit I "I· t".,I Jli"J.I.." 

14.85 
f'l~~s<:: see the ~<:Ctl\>11 L>..-l,•w .:ntitkd ·'Adclitinnnl Information used in ycwr C'nkulation'' i"ur d 

litrthcr .:x .n~;tliP n or how ~ l'lan an·i, cd al )<lurne\1' bcnclit antount. 

Th.: rml'l><<:d rcduetiun i< permanent. 

This is m1 e'tim~tc olthc cll\:ct of the prnpcHcll c-.:du~ti<llllln )<>Ur hcnctit under the l'l~n. It ;,. nm 

" tinal b.:ndit calculation. I his was done <L,suming that the propo""d 11\!m.:lit reduction sian~ on 

~lay I. 2017. If the l..:th.:fit reduction ~I nth I a let, the ..:IT~t of the pt'OtW><'d r~~fuctinn on your 

henditmight b.: ditTcrcnl. 

'I his estimate is bu~cc.l on lhu lbllt>wing ini'onn;uion li11111 l'lnn records: 

Yllu have 14 years nf cre.:litcc.l rvk~ under lhe Plan "'or May I, ~0 16. 

Y11u will be (tl :md I munlh(s) a.s of May 31.2017 

\clditional Information used in ynur ('nlrulalion (lHtscd on l'lan rcrords) 

You nrc IOU% \C$100 bas..xl on ~~rvicc through :'vfay I. 2016 

The amount 01' your rcducoo bcndit ~ 1hc great er uf: 

1 .. 1'•:, of the cun"Cnll) non-li>rl'dtcd comributiuns mucic e111 ynlll' llch:dl'; 

• IIO"o ,;f the nmounl gu:mtnlcecl h)' the Pcn>i<~n Benefit (iuur.mty Corp<>ration 

( I'BGt'l 

:--Jon lorli.:it~c.l contributi<>ns to the l'lan on ymtr beh3lftot al $:!2.7-1 1.85. 

I I O"i.ctl tltc I'I:J( I( ' guarantee i' $550.55 

Th.: ~"'"' nf 1.3°u of non-torfcitcc.l wntrihurions and 110• .. t>ltlh: f'fl(iC uar.1nte~" 

S5~1l5:i. 

l'lea.'e keep 111 lllllltl that th..: Pl.m'~ ,·,rly tclin:nl\!111 ,,Jju,uncnt fact<11 \\ill continue Ill ,tpply 

.lu ~t •" 11 is tmtkr the current term< of1h.;: PJ.m, iryou retire before yt>u ca~b :If"! (o2. yourhenclit 

will be n:duccd by 7% fh r each y..:ur that youurc umkr 62. I Ius rcducti un will be 111 ,,tid ilion 111 

1 lie: h-:ncli I rcd ~t inn ,(e~,; l ibed IIbov,; 

2 

14.86 
Th<! l' lan's tu y h;ls c"kulnk,llh:u il lh~ 1ro o~cd rcduuions ;ore "" ' mplclllcnt~d. th.:n 1hc 

Phln is rn~ .x cl Ill tll: in>Oivcm and unable It> pay hcnefils wh"" tlu~ ill 2025. I r lh\! I' Inn do.:' 

1101 have enough 1111111\!)' I<> pny bcudils. )(lUI hcndil \\oultl he rech1cc'tl I<> 1hc nwnlhly PflGC-

!,'1.1anmte~'tllcvcl. \\><n' c~llmalcd monthly PB(iC-gmramec'd k'd b $501J.5U. 

Your hcuclil will h~ hlghH lh;ln flw PJJGC-guuruntccd len•l if lhc proposed h~uelil 

r·cduction is apJ>ro-etl hy the Trt>nSIII') Department and h)' the \Oil Ill! process rlc_~crihcd iu 

the ~ulicc of l'I'OJIOSNI l{cdnclinu or Your I'CI1Sion IJencfih that \Ill~ Included with lhh 

l'~tl nw 1 e. 

\ 

14.87 
BIHCKI.AYERS ... '< t\I. LI ED CRAFl'S,\ I E:'II 

LOCAL NO.7 PENSI0:-1 PLAI\ 

13 FITCH BOll I.EVARD 

\{.;STI'- 1'0\V\1. OHIO 44515 

l'hone: 3.10 270-045 ~ l'oll fl ee 800 -lJ5-nR~ 

110\\ \'OlR 1\10:-I'IIIIJ\ I'A \'.\IE"' I'S \\'ILl. til:: AFFECn:n 

l'artlcipnut ru lc ~ur): lnacti\'c Vested O'er ~c (,2 

This ~sti atc <•I' ~ .:l' c:~t oi' the proposc<ll\:dudion ot' henetits lms b~~n ~nrod for: 

/\II dnll.u· amount~ u~cd in tlu~ notic.: ur.: e'tllllal>!s onlv. I h~ actunl amuunt you r.:cchc will 

depend on thing< hk<.: how long you \\·orl., "hen you hegin rccch ing. p:1yments. changes 111 

m:uital stmu <, ct". IIOWC\'.:r, the Plan ha.< mtcmptctl to calculate all <h1 ll nr illl\onntl> a< nccur;ttely 

a5 possible. 

How tile flropusul •·cd lu·tinn in btnclils woulll nf'frct you 

The Plan con:,id~r<.:<l ) ""' y.:~1rs uf scrvic.: O• ur \1:1y I. 20 1 6 

If )'OU slart 1'\.'1:~~' ing ~vur bcndit ''"I\ lay I, 2017 Ill the fhm1 of a lif~tim<.: ;mmnl}. your h.:nelit 

with.,utthe pmpo<<!CI reduction woold b.: $690.63 A lifctimc mmmty mean~ th~t you will r~"""., 

equal, periodic t'aymcnh "Inch wtll .;ontilltlc l(u the ""t of you• hfc. \\ ith tin• lhnn of benelit. 

110 h.:m:lits will I><: p<ud to a bcncticiary uron your de3th. 

Untlcr the prt1posecl I'Cclucti<'ll. if you ta rt r~ec ving yolll ocncfit on 'vlay I, 20 17 in the fonn of a 

litc timc nnnuity, ~ll ll ' nuu11hly benefit "'''uld b~ r~.Juc~d 111 :li.1 51.'J3 1 

As you conlimu.: \H'I~iug, yuur benefit 311ll'Uill nta) \!hangc:. 

Current ncud'n $M0.63 

Benelit Lnd~r l'roposcd Ro::Judwn: $35J 93 

A II HI\1111 ( iuunuttwd by I'B< i(' fi'IOI>O~cd Rctluotlllll is lh:jtXIcJ' !i>H I. 75 

l'lc:\SC sec it ~ sccti<•n bdo\\ ..:ntitled '·Additionallnfurmulion u~ cd in your Culc11lation" for n 

flu·ther e..x pI :1 1111 1 ;,,., '' f hc•w the Plan lll'ri v .. , l at Y" " I' new b01w li l anlllulll. 

1 t he...t amuunh .. ,Ill~ ~ol l.:rl.!.ll E H\U taJ..~ Hit:! a,,. --.:th n J. dtikr~n· r'orrn ••l tf lh,'t\' •' a l;u.tti~- ~r nrc·n:ti r~ntot:ni 

''.Jnhllf" ann;.ti~)' h't ,.,.tnpl.·. I ~~~~· ('~C\ ''""' 611 r:lHI'tl w•:u, tl-."t' ~\.;(U l~f b..."tlt..'fl .: tr1 h'll;; lltl \lJy I ~!) ; ~cn.r 

• h•n: •1: b.::a:..·rn .1tk· "'U'fll'.huw wi~l h.: "S \.J .... tt-•1 l•lcJ'-4..' , . .-.:p .n n:t'(l ful tltcrt" .. m: . 1t"""-r htT~ .. ,r 1" ,~r'" 

..t\Ji.a)'c und ... · t :11l' 1'1. , :t' ~\t.·l ( 1llt:Wt tl \" Pl.t"\ nrr,,- ,~ .. ~.U" ..... i .• ~•· rm:t ll•' 1 

\,'!e ' '!t.' .., ill ·..: '.1 , ~o.• ••l . \ l'rott:~ t" ... "' Hnhl:-1 ••r l•l ~ u1~1 l) ·r· ... iul'l R.:-ri:liF. •\ I t'lt ' t·h.lu..S.:ll \\ i: 'J 1 · u· '-''It .1~:.· '"· 

14.88 
Th~..· prtlll("Ctl I'C'dtk:tiunl' JX"Iuttm.:nl, 

This is an estimntc ur thc ~l'ti:ct of the pwt><><c<l o:(l iuu on y(lur bene lit under the l'lan. II;, nut 

:1 linal lx:nclil ~lcul<tll on. 'I hi> \\'J> tlon.: ns~umin!,! th.tt th.: pn•p1""" bcndil rctlu..:uun s~;~n, on 

:VIay I. 21H 7. II the hcn.:lit rcdu~tmn <\11'1 ' latct·. th,• dT~t l'lf thc (lrllJ'K'SCd n.:duction 1111 ~"'" 

h<:nctitmight he dillcn:nl. 

Th i < est imat.: ;, as d ''" tl tc lioltoll'i ug inti •nnati ou l'l om l'bn 1\>:unls · 

You " til h.: 1 and 7 " ""'tht>l us ,,f M,ty J 1. 2017. 

Adtliliunnl l nfonnution u~NI in ~ou · Calculation (l>m~1l on l'lnn rl!cnrdsj 

'ou 11 1.: 100'}o\'O:stcd hasedon 'Ci'\i<:c tlwough May I, 2016. 

'the ;unount of)''Oll l' reduced bcndit is the gr.:atcr ot. 

I .. \% of the curr<!nt.l} nun-lhrfeited cunt 11hut ions m.ul" '"' )'Our hch.lll': 

110% or the nlll(lUIII !-\ll:ll'nlllCcd hy the Pension llcndil ( iuarnmy Corpor"llllll 

tl'l:lCIC) 

1\on-forlcited contnbutiuns to the Plan on }<'tlr behalf tlllal $1 IdOl .43. 

• I ,J•;, ~.~r the 1\(l ll ~l \: itl!il contribution.s t>lus u I are Ctir~rncnt ndjusumm or 10 (19•1> 

ct(Uals S276. \15. 

ll O",.ufthcPOGC gutll'anh.'\: "'lo'\S1.93. 

1l1c J.II'CIIICI' of 1.3'),, o r 1\0n· tl>rlcilt.:d Cl>ltll'ihudnn• plus the l:1l t' 'C ircm ll l :1djuslntCill and 

110°~, ••I' the PllGC guarunt<!e ;, $35.1.91. 

I'BGC' Guaruntcctl ll~ncfil~ 

'l'hc f' lan's <t<: tuary ha<: ~uku utt!d that it' th" proposed rcrluction> arc not >l~mcnlcd, th.:n 1h.: 

Plun b pm;cct~d to b.: lltM>Ivent .mu uual>l ~ to ll:i} h.:ndits " hen <lu~ in 202~ II' the Plan " ''""' 

n<>t ha,·c ..:m•u~h mr>ncy h• pay henclits. your lx:nclit W<)Uld lx: reduced to the 1\lllnthly l'[l(i('. 

)!Ulll1111h!cd h;l'cl Your t!Stirnatcd nttlnthly l'BOC-gutll.ult<'e•l lcwlt< 5.~21.7:\. 

Yunt· hcncfit \\ill he higher th:m lhc PBGC·J.!IIllrantccd le•el if the Jli'OJ>n~ d hcnclit 

rNiuction h :tiiJII'O\~d h) the 'I n•aMII' l)cp:u·tmr nl null h~ I he \nliuj! pm<·c~~ tk-sc•·illcd In 

the 'loticr ol' Propo'l'll RNiudion of \'our· Pcn\ion Bcnrtlls thut wa ~ indudccl with thi< 

t:S I jIll il l t~ 

) 

14.89 
BRIC h:I.AVF'RS S: ,\I.LIIW CRA.FTS:\IE:-1 

LOCAl NO.7 PENSIOl\ I'I.Al\ 

33 fiTCH ROIIl.FV ARD 

ACSTIN fOWl\, 011 10 445 15 

Pl ume: 3.101270·0-153 T,,ll fm:: R00/43~-23RX 

II OW YOlm .:\IOi\'1'111 .Y f'A \'1\lf.NTS WILL UE AFF!!:CT I.W 

Participant Catcj!ory: Alternate Payct· Nut in f'ny Status Under Age 62 

l'his ..:slimatc oftl1e effect of the propnscd rclluctit•n of benefits has been prepared lor: 

All dollar :~moun s u~cd in this nuti~c arc <'stitn;ucs only. The actual amount yt>u receive \\ill 

tlcp~ t.l on things like how long the p;n·ticipant works. when )UU begin cccivi ~ payments, 

chant~~., ill marital , latus. ch;. I h lWC\'CJ. Lhc Plan has ullempted to calculate oil dollar amount, as 

accurately as possible. 

II ow H•c ·CJ post~d reduction in llcncllts would affect you 

1 he Plan Clll1Sidered the terms {>f your Quulilied Domestic 1\elntions Order ("QDRO") and the 

Purticipont's y..:m-s ofserviecas oi'May I, 2016. 

If yuu begin ~ceiving your benefit on the l'artictpant's 62'..l birthday in the form nl' a lifetime 

annuity. your nwmhly b.:ncfit without tho.: prupn,cd reduction would be $287.58 A lifctimc 

annuiry means that you will receive Cllual, p~nodic paymcms which wrll continue ll.tr the rc.~t of 

)l>ur II 1\:. Wuh tins fnnn nfl•cnclit, 111• hen~ tits\\ til be paid w a bcndi~1ar) upon your d.::Jth. 

Under tht· propohcrl rcduc·tiom, if' yo11 ~tan receiving your b~:nd t on the Participant's 62"1 

birthday in the 1\mn ot· ali ~tim t: mu1u ity, your bene lit \\mdd he re<ILJ<;ed to S2U6.U6 1 

\~ the p11rticip;mt continues working, }'tllll' bcnclil anllJJmt muy change. 

Current lk nelit; 

llcnclit Under f'rojloscd Red ucti•• II' 

Amount Guaranteed by 1'13GC 1f Propos~..~ I Reduction is Rcjc<:Lcd' 

S2!;7,)R 

S206.06 

ill7.~.\ 

Plea~~ sec the :-.cction bciO\\ cntilkti"Adclitional Information used in ~uur· Calculation" for a 

further c\plunallnn nflum tho.: l'l:lll 111 1 i\'~XI at ynur new hcnclit amount 

1 ll'l\• .. 1 .tmn,mh \\Ill ,,.,. lt!'s il ynu 1.\J.,· >t.HH l)\·n,:fu 111 n •l:ll:·r,·nr f(\nn or if dt~J~ i~ ., 4u.tlili~..·d prt·J't"tlrcn~m 

''II\ h ·-1 :11U;"it~ [ 01 e:.\~HlT·It?, ti Y\.'ll do.xlllk: N:)-Jnnnth runr.:lt)fi!<! tOtnl N beu;:f:l wi)I.."U Ilk: pJ.rtU.!IJ' lUI tt":• ..-~' a~t'"' 

'' '. \t1UI 11\t,nlltl) hcudil 1tflcl 'li')'C ~SIPII \\ Ill h1· $'"'()' t1..l PJl·as~ k«p iotnuh.l lh.tl llu.:n.· ai\.' t>llh:r I'Omh ol hcndtr, 

lt\,ti lablc un.k.-a tlll' Pbn as \\o'ell. (.\!lllm.'11h..: 1

1 1,111 om .. ,• lbt hlllhCI mi()I'JU;Uiutl. 

!\..:c 1\t•l\.' :? 111 lite Nuli::l· \•f A Jwp\)~cd 1{\!dul.li\ \II nf) nur n"> ,):t UL·udit ... whidt '" included '' 11h lht' ~ .. llll'.th'. 

14.90 
1 he P"'l""o.:tl rctluctiun is Jl<!nlhlll<!llt. 

Thi~ ts an.:>.tim.llc of the drcct of the prop11s<.11 rclludion on )t>lld>cn..:lit under the l'lan. II is not 

a final hem::fit calculation. This wa> dt>nc as~uming that the proposed bcncl1t rcducttnn starts on 

Muy I, 2017. If the benefit reduction Slr111S lmcr. tlw ..:ITccl ,,f the pruJwscd n::ductit>n on your 

bcnctil might be different. 

Thi, ostimate is hast:d onlhe hJIIt>wing inHmnntion tl·om Plan records: 

Your share of the parhcip<mt's years of credit ~XI service umkr the Pllu1 ns of May 

I. 2016 is 5.24 year' of crcdit<.'tl scrvk c. This amount has been prn-rated to 

:tccount tor the terms of your QDRO. 

1\s of:>.·lay I. 2016,thc partidpant'< total accrued benefit was $672.51. 

Under the lemlS of yt>llr QDRO. you arc entitled Ill so•. or\\ hal i~ culled the 

''Marital Pot1ion" of the llllrllcipant 's ucct·ucd benefit. lo figure t>ut the Ylarital 

Portion. take the uumhur of munths of the partkipant's p;u1icipotion in lhc Plan 

duri ng the man·iage (lrum Novcmbct: I, 1994 to April 21), 2004), 1111d divid" it by 

tilt! 1c>tnl numh~r of months of the participant's pnt1icipatinn a~ ol' the dntc of 

divorce. Multi ply I he tiiiSWCr times the pnrtic1pant 's ac:crucd hcn<.Jiit. You nrc 

entitled to 50% 11f thnt mttnhcr. 

The QDRO also equire~ thut the p;lrttctpant provide tor a Qualili<!tl Preretirement Surviw>r Annuit}. This causes your hcnclit to he rctluucd h) i.O"o. 

The participant "ill bc 45 Year' ami S Month$ of age a$ of \!lay.' I. 2017. 

Adclitionnl Information used in~ our talcul:uion (hasl'd on Plan record\) 

The participant is 100% vested l>ns.xl 011 service through May I. 2016. 

The: amoutlt o l' your cduc~Jd henclit i., the grc<t tcr of: 

1.3 'Yo of' the c:tll'l\:lltl y 111 111-furf .::i led <,;t uttrihul ion"< made un l ht! part il:i pant's hchal f: 

110• .. of the amuunt guunullcc-<1 by the Pension Ucnc ti t (juaranty C'oqlllration 

(PBGC). Plt:ase note thnt the amount of non-forf'cllcd conttihutions us..:d in 

calculating your new benefit lliU\ h~: lcs' thun your u~:tual amuuntuf non-t(Jrfcitcd 

comribulions b<..-causc ol the tcnm uf your QDRO. 

• 'lun-tlJrf'eitl'll t:l>ntrilmllon~ to lhc l'lnn on the partiCipant's hchaiC prc>-ratctlpcr the tenns 

of the QORO, total $S.543.4!;. 

• I J" ., ol' the non-li>dl:ttcd lXIIl trihuttuns. I)CI' the QDRO. equals SlJ4.Y<J. 

t4.91 
II 0° ,, of the PBGC' h'uaranlet: 1~ $206.06. 

l"he g:remer of 1.3% of non-lilriCIIc'tl ~unt li hut uns, per the Ql>R(), and II 00" uf the 

l'lJ<.iC g.unrnntcc 1s $206.06. 

Ht:cml'e 1>f the QDRO. your new benefit ammmt under tho.: prnpus~d 1.~ lu ti on would bt: 

$206.06. 

Pl ease kt:cp in mind that the l'lan's early n:tirclll<.:lll ndj ustrncnt liwtor will cunlinuc to npply . 

.f t o~ it is under 1l1e current ter ~ o fth.: Pla11, il'ynu de<:t to h<=gin recehing )t>nr benefit bclim: 

the participant reaches age 6~. your ocnclil 1\ ill he reduced by 7"'n fot· each year th;u 1hc 

purt1<.:1pnnl 1s umlcr 62. This rcductiCln will be in addition to the hcnclit reduction described 

abov..:. 

PRC:C C:uarantccd Rcncfits 

l'hc Plan's nctllilry has calculated that if the propo~cd rududions arc nut 1111plcmcntcd. th.:n the 

I' Inn 1s 1>1'0jecwd to be insolvent and unnhlc In pay hcndit~ when due in 2025. lf the Plan 1lnes 

not hove enous h money tc> pay hcnclits. y1>ur hcnclit would be t\:duccd to the monthly I'IK iC· 

guumnll:cd level. Your est.imat<XImonthly I'IKiC-gunrantt.•cd level isS I 87.33. 

Your brnellt will be highc•· thuu the I'RC:C-j.\unmntccd level if the proposed hcncfit 

l'ctluclion is nppruvctl by the Trcusury l)cl):u1mcnt and by lilt' volin~ process described lu 

the Nuticc uf Proposed Reduction ol' Your Pension Benefits thut wus included wl!h this 

c~t nuttc. 

t4.92