HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #11 -- REDUCED (SINGLE)
STATUS: RETIRED PARTICIPANT

Your current monthly benefit is $578.28. Under the proposed reduction your monthly benefit
will be reduced to $551.63 beginning September 1, 2017.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $578.28.
e You have 19.1667 years of credited service under the Plan as of February 1, 2017.

e You will be age 77 as of September 30, 2017 (the last day of the month in-which the
benefit reduction starts), There is no reduction for participants or beneficiaries over age
80 and reductions are limited for participants or beneficiaries between ages 75 and 80.

e You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

Tf the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $486.42.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


AGREEMENT tnade as of May 1, 2006, by and between the AMALGAMATED
INDUSTRIAL UNION LOCAL 76B AND ITS DIVISIONS (Local 76B Division), of
the IUE-CWA, AFL-CIO, located at 150-47 Hillside Avenue, Jamaica, New York,
hereinafter referred to as the “UNION” and BIELICKY BROS,, INC,, located at 50-22
72nd Strest, Woodside, New York, hereinafter referred to as the “EMPLOYER”,

T TH:

‘The parties hereto in consideration of mutual promises, covenants, and other good
and valuable considerations agree as follows:
business. ' .

FIRST: UNION SECURITY

(8) The Employer recognizes the Union as the sole and exclusive bargaining
agent for all ils production employees, excluding supervisors, office employees and
drivers,

(>) All present employees who are members of the Union shall maintain their
membership in good standing in the Union as a condition of continued employment
during the term of this Agreement,

(©) All present employees who are not members of the Union shall become
members of the Union ninety (90) days after the effective date of this Agreement or after
the execution of this Agreement, whichever is later, and shall thereafter maintain their
merabership in good standing in the Union as a condition of continued employment
during the retasinder of the term of this Agreement.

(@) All new employees hereafter hired shall become members of the Union
ninety (90) days after the beginning of such employment and shall thereafter maintain
their membership in good standing in the Union as a condition of continued employment
during the remainder of the term of this Agreement.

() The Employer may hire new employees from any source whatsoever, it
being understood, however, that the Employer will not in any instance discriminate
against Union members in respect to hiring of filling of vacancies.

( Part-time workers (twenty (20) hours or less) are not required to carol! in
the Union.

SECOND: TRIAL PERIOD
The Employer is entitled to a trial period of ninety (90) days,
HIRD: SHOP CHAIRMAN,

‘There shell et all times be in the shop a shop chairman and shop committes

elected by the employees at # regular meeting of the workers of the shop in the preseace

ofa Union representative, The shop chairmen and the shop committee shall not be
2


AGREEMENT TO CONTRIBUTE

Local 1010, FWD/IUE, AFL-CIO agrees to contribute 2% of
gross wages on a monthly basis for its employees to the United
Furnitere Workers Pension Fund A, ’

Local 1010 agrees that all payments will be made on the 10th
day, of the month following the month in which contributions are

being made.

Aw Local 9406

Eee Redacted by the U.S. Department of

UNITED FURNITURE WORKERS
PENSION F A

pchiagm | reasury
Jose Villarreal

Titles President Title: Chairman

4
Date: Sef. BP, af Dates September 6, 1994

(Jose Villarreal - effective February 12, 1994)
(Griselda Luevano - effective July 1, 1994)



wir men FULeUUEE CUTE TETUmUd 6 Teed UeUeUe Te aie 2

are feo (I Hos Pros.

; H+ Tea

MEMO! FA

Tha undaraigned parties do hereby agree as follows:

Existing contract between the underaigned parties which expired
Auguat 31, 1993,shall be renewed and modified as follows and except aa
herein otherwise modified shall continue in foram:

1, Thig Agreement shall continue for a three (3) year perio
commsnaing September 1, 1993 up to and inoluding August 31, 1996,

a For the contract year commencing September 1, 1993, and
terminating August 31, 1994, there shall be no wage inaraase for the
employeas.

Bifectiva September 1, 1994, all enplcyoss shall receive
waga inoreas@ of two (2%) percent of their then oxiating rate of pay.

Effective September 1, 1995, a11 employees shall receive
wage increase of two (2%) percent of their then existing rate of pay.
: n REfective September 1, 1993, the contribution to the
Amalgamated Industrial Union Local 76B Health And Welfare Fund, or to ar
other or diffarent Fund designated by tha Union (Amalgamated Industrial
Union Local 76B And Ita Divisidna) shall be Two Hundred and Seventy Thre
Dollars and Ninaty One Cents ($273.91) per member por month.
. Bffactive September 1, 1994, tha contribution to the
Amalgamated Industrial Union Local 76B Health And Welfare fund, or to ar
other or different Fund designated by the Union, shall be increased ta
Three Hundred and Twanty Piva Dollars and Eighteen Cents ($325.18) per
member par month.

Bffective Saptember 1, 1995, the contribution to the
Amalgamated Industrial Union Local 768 Health And Welfara Fund, or to ar
‘other or different Pund designated by the Union, shall be increased to
Three Hundred ‘and Seventy Ning Dollars and Ninety Eight Cents ($379.98)
per member per month. ,

4 Rffeotive Septanber 1, 1993, the contribution to the Unit

Furniture Workera Pansion Plan A shall ba two (2%) percent of the gross
payroll, ,

alu


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN. THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #5 -- NOT REDUCED
STATUS: ALTERNATE PAYEE RECEIVING A PORTION OF YOUR
FORMER SPOUSE'S BENEFIT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $76.88.

e Your former spouse had 28.1667 years of credited service under the Plan as of February
1, 2017.

e Your former spouse will be age 70 and 2 months as of September 30, 2017 (the last day
of the month in which the benefit reduction starts).

e You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits
If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger

than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $70.05.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by the duly authorized agents as of the date first above written.

PENNSYLVANIA BEDDING, INC,

Redacted by the U.S. Department of the

c Treasul
Date_ 7.03. 2B id

1.U.E.-CWA, LOCAL 123

Redacted by the U.S. Department of the

Date_J, :

Date yf 7 [! g
Date. Y-Ja- J is

2i


Paragraph TWENTY-EIGHT and TWENTY-NINE hereof for tise purpose of securing an
increase in the Employer contribution therein provided. In the event of an inability to
agree upon changes in said paragraph, the disagreement between the pasties shall be
submitted to arbitration in the manner set forth in Paragraph TWENTY-SEVEN hereof.
ARTICLE THIRTY-TWO: SEVERABILITY

‘This Agreement is severable, snd should any of the provisions of this Agreement
be held or adjudged illegal or in violation of any present or future laws, such adjudication
shall not invalidate any other portion or provision of the contract, nor relicve either of the
parties hereto from its liabilities and obligations thereunder, or limit the rights of either
party hereto of any other provisions of the Agreentent, but the same shall continue in full
force and effect.

ARTICLE THIRTY-THREE; TERM
‘This Agreement shall become effective on the date first above written and shel!
vemuin in full force and effect for a period of three years, ending April 30, 2011,

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands and
seals the day and year first above written.

AMALGAMATED INDUSTRIAL UNION
LOCAL 76B AND ITS DIVISIONS
TUE-CWA, AFL-CIO

Redacted by the U.S. Department
lof the Treasury

Redacted by the U.S. Department of
the Treasury



AGREEMENT made and entered into this Ist day of May, 2008, by and between
AMALGAMATED INDUSTRIAL UNION LOCAL 76B AND ITS DIVISIONS (Local
140 Div. of the Intemational Union of Electronic, Electrical, Salaried, Machine and
Furniture Workers, AFL-CIO, located at 150-47 Hillside Avene, Jamaia, New York
11432, hereinafter referred to as the “Union,” for and on behalf of itself and its members
now employed or hereafter to be employed by the Bmployer and collectively designated
as “Employees,” and MATOS REFRIGERATION, INC., located at 2016 7th Avenue,
‘New York City, New York, hereinafter referred to as the “Employer”.

: WITNESSETH: -

WHEREAS, the parties hereto desire to coopenate in establishing conditions in
‘the industry which will secure to the workers a living wage and improve the standards of
labor and to provide methods of fair and peaceful adjustment of all disputes that may
arise between the parties; and

NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter coutained, it is agreed by and between the Union and the Emplayer as
follows: .

ARTICLE ONE; UNION RECOGNITION

‘The Employer hereby recognizes the Union as the sole and exchisive bargaining
agency for all of its employees, excepting office help, chauffeurs, nonworking foremen
and salesmen. .

ARTICLE TWO: UNION MEMBERSHIP

(@) —_All_present employees within the bargaining unit shall, thirty (30) days
from the effective date of this Agreement, hecome and remain members of the Union in
good standing 2s a coudition of continuing in the employ of the Employer. All uew
employees within the bargaining unit shal, thisty (30) days after the date of hiring,
become end remain members of the Union in good standing.

(b-1) Upon request made by the Employer to the Union for new help, the Union
agrees to refer to the said Employer applicants for employment. Inthe event that the
‘Union is unable to supply such help, the Employer shall be free to obtain new help from.
any other available source,

(62) The selection of spplicants for referal to Employers shall be on a nom
discsiminstory basis and shall riot be based on, or in any way affected by, Union
membership, bylaws, rules, regulations, constitutional provisions of any other espect or
obligation of Union membership, policies or requirements.

3


AGREEMENT made and catered into as of the 1st day of September, 2007, by and
between the AMALGAMATED INDUSTRIAL UNON LOCAL 76B AND ITS.
DIVISIONS (Local 76B Division) of the IUE-CWA, AFL-CIO, located at 150-47 Hillside
Avenue, Jamaica, New York, (hereinafter referred to as the “UNION”) and VITOBOB
FURNITURE, INC., located at 38-79 13th Street, Long Island City, New York, hereinafter
referred to as the “EMPLOYER”.

WITNESSETH:

WHEREAS, the Employer is engaged in the manufacture of parlor frames and
other articles, and ,

WHEREAS, the parties hereto desire to cooperate in establishing conditions in the
parlor frame and woodworking industry which will tend to secure the employees a living
wage and eliminate unfuir conditions of labor, and provide methods for a fair and peaceful
adjustment of all disputes that may arise,

NOW, THEREFORE, in consideration of the mutual promises, and covenants
herein contained of the Union and the Employer, it is agreed as follows:

(@) This Agreement shall be bieding upon the Union and the Employer, their
successors and assizas,

(6) In the event that the Eraployer is a corporation or a partnership, the
‘Employer warrants that cach und every officer and stockholder of said corporation and
each and every partner of the partnership is responsible for the carrying out of each and
every term of this Agreement as if said individuals hnd affixed their signatures physically
hereto.

SECOND: IN INITI

‘The Employer hereby recognizes the Union as the sole and exclusive representative
and bargaining agent of all the employees of said Employer engaged in any and all work
that may be necessary in the manufacture of parlor frames, tables, and any other furniture
inal its branches, and in any other work whatsoever in connection therewith in the plant,
excepting office clerical employees and sales personnel, unless such employees were
previously members of the Union, in respect to hours, wages, rates of pay and any other
conditions of employment.

THIRD: UNION.SECURITY

(8) All present employees who are members of the Union shall matatain their
. 3



MEMORANDUM OF AGREEMENT

The.undersigned parties do hereby agree as follows:

Existing contract between the undersigned parties which expired on
O_shall be renewed nad modified as follows except as herein
otherwise notified shall continue in force:

Effective 11/01/2007 the Company will start making contributions to
the UFW Pension Fund for its employees in the amount of 54% of
the grosa wages per each month,

IN WITNESS WHEREOF, the parties hereto have act their hands
and causes these present to be signed as of the day and year first
above written,

AMALGAMATED INDUSTRIAL
UNION, LOCAL 768 of the TUE-
Weai Side Wood

Redacted by the U.S.
his '#4§ Department of the

Treasury

Cp Dk) UE Ah), GAA


Single © Single +1 Family

Effective 5/1/14

Currently Enrolled 87 $7 s7
New Enrollees $7 $12 . $16
Effective 5/1/16

Enrolled Prior to 5/1/14 $9 9 $9
Enrollees Since 5/1/14 $9 $14 $18

d) Employees who do not receive a paycheck (e.g,, on a personal or medical leave of .
absence) but who have medical insurance coverage must make arrangements for the payment of
their share of the premium.

€) The Employer ‘shall make payments directly to the State Fund in accordance with
‘New Jersey State regulations pertaining to sickness and accident benefits,

Those employees who qualify for sickness and accident benefits from the State and/or
private insurance plan and who do not receive payment for the first week from the State and/or
private insurance plan, shall be paid by the Employer a matching weekly disability benefit
amount for this week.

ARTICLE 20. PENSION

The parties hereto recognize the necessity of providing for the financial security of the
employees covered by this Agreement upon their retirement from industry because of old age.
For that purpose it is agreed as follows:

a) The Employer agrees to pay monthly on or before the tenth day of each month, a
sum equal to four percent (4%) of the previous month’s gross payroll of his employees covered

by this Agreement, who have completed their probationary period to Plan A Pension Fund to be

15


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #15 -- BEFORE NORMAL RETIREMENT AGE,
. REDUCED
STATUS: TERMINATED VESTED PARTICIPANT

If you start receiving your benefit on September 1,.2035 in the form of a Single Life Annuity,
your monthly benefit without the proposed reduction would be $491.93. Under the proposed
reduction your monthly benefit in the same form would be reduced to $370.31. These numbers
are just estimates. The actual amount you receive will depend on how long you work and when
you begin receiving payments. For more information, see the Plan’s summary plan description.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your accrued monthly benefit as of February 1, 2017 payable at age 65 is $491.93.
© You have 9.4167 years of credited service under the Plan as of February 1, 2017.

e° You will be age 47 and 1 month as of September 30, 2017 (the last day of the month in

which the benefit reduction starts), There is no reduction for participants or beneficiaries

over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e Your benefit is not based on disability.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

Tf the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $336.65.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.



Ie
i
|
|

monthly on or before the 10th daysstieath month to the United Furniture Workers,
Peasion Plan A, (hereinafter“‘Peinsion Fund”) or to any other or diferent Fund designated
by the Union (Antalgamated Industrial Union Local 76B And Its Divisions), intros, a
sum equal to four (4%) percent of its previous months gross payroll for those eligible and
qualified employees (before deductions for texes) including vecation, holiday,
bereavement, overtime, sick pay, call in pay, and jury duty pay of all of the employees
covered by this Agreement and remit together with such payment a monthly payroll
report showing the weekly eamings as well as the vacation, holiday, bereavement ,
overtime, sick pay, call-in pay and jury duty pay to which such employees were entitled
during such period on forms to be supplied to the Employer by the Pension Fund, The
aforementioned contributions will be utilized by the Pension Fund for the purpose of

* providing pension benefits for employees.

B. _It is understood and agreed that the assets of the Pension Fund will be held
and managed by the Trustees thereof under the terms and provisions of an Agreement and
Declaration of Trust and that the Employer will have no obligation with respect to the
application of the money paid to the Trustees pursuant to the tenins of sub-division “A”
hereof,

C. ‘The Employer agrees to make available to the Union and/or the Trustees
of the Pension Fuod upon written notice, any and all books and records of the Employer
relating to the names, classifications, and Social Security numbers of employees covered
by the terms of this Agreement, the amounts of wages, vacation, holiday, bereavement,
overtime, sick pay, call-in pay and jury duty pay paid to all of the employees covered by
the terms of this Agreement and whatever books or recards the Union and/or the Trustees
of the Pension Fund may require in connection with the sound and efficient operation of
the Pension Fund.

D. Title to all monies paid into the Pension Fund wil! be vested and remain
exclusively in the Trustees of the Pension Fund and the parties hereto agree that either the
Union or the Trustees of the Pension Fund, or both, shalt have the right in thelr sole
discretion to take any action necessary to collect any contributions or monies due and
owing to the Pension Fund and to secure delinquent reports including but not limited to

submitting the matter to arbitration provisions of this Agreement or instituting legal
action in the courts,

EB. The Employer hereby consents to all of the provisions of the Agreement
9


(

and, if applicable, his/her spouse and other eligible dependents, and dental insurance,
fife insurance and short-term disability for himself/herself only) for the full Calendar Year
(January through December), will receive an Opt-Out Payment (OOP) of One Thousand
Dollars ($1000) for that Calendar Year, payable to him/her by the Company by January
15 of the following Calendar Year.

a) In order to be eligible to opt out of the Company's Health and Welfare
Plan the employee must first, prior to the beginning of that Calendar Year but by no
later than before the Company's first health insurance coverage payment in January of
each year has been paid, provide to the Company written proof that he/she has health
insurance coverage for himself/herself through another source.

K. The OOP shall not be pro-rated for any reason excepting for a new hire
who, in any Calendar Year, satisfactorily completes probation and thus becomes
eligible to be covered by the Company's Health and Welfare Plan during that Calendar
Year. If so, and if that employee opts out of health insurance coverage for the full
remaining part of that Calendar Year in which he/she would otherwise have been
eligible for coverage, he/she shall receive one-twelfth (1/12) of One Thousand Dollars
($1000) for each full calendar month in which he/she was actually eligible for, but was
opted. out of, such coverage. This pro-rated OOP shall apply only during the first
Calendar Year in which that employee has become eligible for health insurance
coverage; there shall be no partial payments for partial months of eligibility.

lf an employee who begins a Calendar Year in the OOP Program subsequently
enrolls in the Company's Health and Welfare Plan during that Calendar Year, in any
coverage category (above), he/she shall not be eligible to receive the Opto Out Payment
for that Calendar Year.

ARTICLE Xill
PENSION

Effective beginning the first full Fund (Plan) "month" after ratification, the Employer
will contribute to the United Furniture Workers Pension Fund 1 1/2% of the gross straight-
time monthly payroll paid by it during the preceding "month" fo its regular full-time
employees for all straight-time hours actually worked in a month by regular full-time
employees who have completed their probationary periods; it is specifically provided,
however, that if the Employer pays any employee above the rate applicable to him/her
under this Agreement (whether as base wage rate, plece rate, mileage rate, down time
rate, or any other applicable rate), then no contribution shall be made to the Fund by the
Employer for that portion of the employee's wages which is above the applicable contract

rate,

ARTICLE XIV
DISCRIMINATION

Neither the Employer nor the Union will discriminate against any employee or
applicant for employment as an employee in any matter relating to employment because
of race, color, age, creed, sex, national origin, marital status, union activity or political

13


each individual participant’s status, monthly benefit, service, and age. The percentage
reduction ranges from 0% to 62.0%. Of the Fund’s 9,896 total participants, 7,078 have no
reduction. For the 2,818 that will have a reduction, the reduction is on average’ 12.7%. An
estimate of the effect the suspension will have on your benefit is attached to this notice. The
Plan’s actuary estimates, based upon its assumptions, that the proposed suspension and
partition will prevent the Plan from becoming insolvent.

What comes next?

Approval or denial of the suspension application by the Treasury Department

The Treasury Department will review the suspension application to see whether it
meets all of the legal requirements under Federal law. If the suspension application
meets all of those requirements, the Treasury Department is required to approve the
suspension application contingent on PBGC’s approval of the partition application. If
the suspension application does not meet thé legal requirements, the Treasury
Department will deny the suspension application. It is anticipated that the Treasury
Department will make a decision on the suspension application in or about June 2017.

You can get information from the Treasury Department

More information about the proposed benefit reductions and a copy of the suspension
application is available at www.treasury.gov/mpra.

The suspension application will be ‘available on that website within 30 days after the
Treasury Department receives it. The suspension application includes more information
about the proposed reduction, including details about: 1) the Plan actuary’s certification
that the Plan will run out of 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 suspension application describes the steps the Board of Trustees has already taken
to keep the Plan from running out of money and why the Board of Trustees believes
that a benefit reduction is the only remaining option to keep the plan from running out
of money. In addition, the suspension application explains why the Board of Trustees
believes that the proposed reduction is spread fairly among the people who have a
pension benefit under the plan.

The Treasury Department website will also provide updated information on the
suspension application, such as whether the application has been updated or withdrawn.

For further information and assistance you can also write to the Treasury Department at
the following address: Department of the Treasury Attn: MPRA Office, Room 1001
1500 Pennsylvania Avenue, NW Washington, DC 20220.


ARTICLE 9
INSURANCE & PENSION

Section 9-1. Members of the union will assist in paying the cost of health
insurance coverage, as detailed in Section 9-3.

(See attached letter of understanding #1)
Section 9-1.1 The Company will begin the insurance coverage for new
employees on the first of the month following the month in which the employee
reaches 60 calendar days, Payment by the Company for insurance coverage will

terminate at the end of the month in which employment is ended due to discharge
not reversed through the grievance procedure, lay~off, or retirement.

Section 9-1.2 Employees on personal leave of absence will be
required to pay a prorated share of the insurance cost (1/170 of the monthly
cost, per hour), for the period of time off.

Section 9-1.3 Employees on’ medical leave of absence will have insurance
coverage extended for an additional thirty (30) days from the first day of
absence at Company expense. Medical leave of absence over sixty (60) days
{outside of FMLA leave) will have health insurance paid retroactive to the first
day returned after such employee has completed forty (40) hours of work within 30
calendar days following employee's return.

Section 9-1.4 Insurance coverage will continue to a maximum of six months
at Company expense in the case of compensable injury.

Section 9-2. The Company will institute the UFW Pension Plan A, effective
June 1, 1973, subject to the following provisions:

a) Effective May 1, 2006, the total contribution will be ninety-five (95)

cents per hour.

b) Contributions by the Company (effective date of. participation by
employee) will commence on the first anniversary of date of hire for
full-time continuous service for all employees hired after June 1,
1971.

Contributions will be made prior to end of month following month in
which covered service is performed.

In order to provide twelve monthly contributions in period mentioned in
subsection "a" (from anniversary date of participation ‘to next
anniversary date), the Company will pay on a maximum of 175 hours per
month. Hours earned but on which no contribution is made within that
period will be credited as required in those months in which less than
a full time schedule is worked.

c.

d

The above shall be contributed for each employee covered in the bargaining
unit (and any other group of employees that the Company may choose to include on
an all-inclusive basis),

The contributions shall be paid for the purpose of providing to the
employees a pension and/or other benefits as outlined in the xules and provisions
of the United Furniture Workers Pension Plan A.

The employer Agrees to make available to the Union and/or the United
Furniture Workers Pensien Plan A, upon written notice, and all books and records
of the employer relating to whatever the Union and/or the United Furniture
Workers Pension Plan A may reasonably require in connection with the sound and
efficient operation of Pension Plan A and the administration of its benefits.

25


KLISE MANUFACTURING COMPANY.
EABOR AGREEMENT

THIS AGREEMENT, made this. 30th day of April, 2014, by and between KLISE
MANUFACTURING COMPANY, its successors and assigns, here after called the
"Company", and the International Union of Electronic, Electrical, Salaried,
Machine and Furniture Workers - Communications Workers of America affiliated with
the AFL-CIO and CLC, hereafter called the "Union".

WITNESSETH:

The parties hereto entered into a collective bargaining agreement dated the 24th
day of April, 1953, this mentioned Agreement and all supplements thereto, shall
continue in full force and effect.


‘ LETTER OF UNDERSTANDING
nee Between
_ COMMUNICATION WORKERS OF AMERICAANTERNATIONAL UNION OF
yes'” BLECTRICAL SALARIED, MACHINE AND FURNITURE WORKERS, FURNITURE
: WORKERS DIVISION.LOCAL 262, AFL-CIO
And -
Sealy Mattress Company of Northern California,

“ft -i3 understood and = agreed = between. ~=COMMUNICATION. WORKERS OF

AMERICA/ANTERNATIONAL UNION OF ELECTRICAL SALARIED, MACHINE AND

*- FURNITURE WORKERS, FURNITURE WORKERS DIVISION.LOCAL.262, AFL-CIO and Sealy

"5 Mattress Company of Northern California that effective: inimediately the. Agreement now in effect
expiring April 30, 2014 shall be amended as follows:

Article 3
Work Hours and Holidays

Secion 3.16 Inventory Work

‘+ ‘The company will usk for volunteers to do the Inventory work. Ifhowever there are not enough
qualified voluntecrs, the company reserves the right to assign the work using skill and qualifications as
thé primary factory. Ajl employees will be paid the current MDW rate for thelr classification and skill
level, on

Article 9
Vacations

” ‘Section 9.05 Employees with (3) or more years service who ear additional yacation in their
- fifth, eighth, seventeenth and twenty fifth years (25 yeurs paly only) will be entitled to take the
* additional vacation on January 1 of the year following the employee's anniversary date,

ARTICLE 14
Sick Benefit Allowances

** Section 14.02 itis agreed that there shall be five (5) days or forty (40) hours sick leave granted
‘per year. Any unused portion can bs added to the following year; however, the maximum smount of
** sick leave to be teken in any one year is limited to‘eighteon (18) days or ong hundred forty-four (144)
hours, For purposes of this payment, a day's sick leave consists of eight (8),hours. -

Appendix A {t
Job » Claisifeatlons Measured Day Work Rates

pec 3 L202



AGREEMENT TO CONTRIBUTE

The undersigned employer hereby agrees to make contributions effective
July 23, 1981, on behaif of its employees to the UFW PENSION FUND A at the
following rate:

5% of gross monthly payroll.

This Agreement mey be changed by the employer only by giving written no-

tice to the Trustees of the Fund.

¢ Redacted by the U.S. Department of the!
Treasury
DATED: gh L. SL =

COCAL 7648-92476, UEMA, AFL CIO
Division Local 76

Agreed to: bre? ¢

Title

Redacted by the U.S. Department of the Treasury

sep ws!


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #12 -- REDUCED (MARRIED)
STATUS: RETIRED PARTICIPANT

Your current monthly benefit is $1,068.10 (with a $534.05 monthly survivor annuity for your
spouse). Under the proposed reduction your monthly benefit will be reduced to $976.97 (with a
$534.05 monthly survivor annuity for your spouse) beginning September 1, 2017.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $1,068.10 (with a $534.05
monthly survivor annuity for your spouse).

e You have 31.6667 years of credited service under the Plan as of February 1, 2017.

© You will be age 74 and 6 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts). There is no reduction for participants or beneficiaries
over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

Tf the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $888.16.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


Second Application of the United :
Furniture Workers Pension Fund A for :
Approval Of Suspension of Benefits

APPENDIX B

EIN: 13-5511877/PN:001

@ Pension Fund’s Designation of Power of Attorney.

1934740.


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #14 -- NOT REDUCED (MARRIED)
STATUS: RETIRED PARTICIPANT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $574.83 (with a $287.42 monthly
survivor annuity for your spouse).

e You have 23.9167 years of credited service under the Plan as of February 1, 2017.

e You will be age 83 and 7 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts). There is no reduction for participants or beneficiaries
over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

© You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $496.89.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


AGREEMENT TO CONTRIBUTE

oN
wf!
Vaal ey
The undersigned employer hereby agrees to make contributions effective Fel
f Sts

48, 4980 on behalf of its employees to the UFW PENSION FUND A at the following

rate? wy

Bh of gtose monthly payroll

This Agreement may be changed by the employer only by giving written notice

to the Trustees of the Fund,

Redacted by the U.S. Department of the
Treasury

DATED: al\2 t3

aA es
LBCAL 262, UFWA, AFL-CLO

Agreed tot, Title {

UFW PENSION FUND A TRUSTHE


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #9 -- NOT REDUCED (SINGLE)
STATUS: DISABLED PARTICIPANT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $92.00.
e You have 19.0833 years of credited service under the Plan as of February 1, 2017.

e@ You will be age 96 and 10 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts), There is no reduction for participants or beneficiaries
over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e You retired under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status

as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $92.00.

Plan Office Contact Information

If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


ARTICLE 12
DURATION-RENEWAL OF AGREEMENT

Section 12-1. This Agreement shall remain in full force and effect mitt,
April 30, 2017. It shall be automatically renewed thereafter from year ta year
unless sixty (60) days prior to the expiration’ date or subsequent anniversary
thereof, notice in writing shall be given by either party to the other of desired
modification of said agreement ox termination thereof.

IN WITNESS HEREOF, the parties hereto have hereunder set their hands this
Ger day of _ Novewmby + 2014.

INTERNATIONAL UNION OF ELECTRONIC,
ELECTRICAL, SALARIED, MACHINE &
FURNITURE WORKERS, LOCAL 415AFL-CIO KLISE MANUFACTURING COMPANY

Redacted by the U.S. Department of the
Treasury

International Representative President

fa Redacted by the U.S. Department of
ithe Treasury

Redacted by the U.S. Department of the
Treasury

award Schuce
Union Steward

Alta Veen,
Vice President

39

CL* DU, SE) fe


B. Tt is understood and agreed that the assets of the Pension Fund will be held
and managed by the Trustecs thereof under the terms and provisions of an Agresment and
Declaration of Trust and that the Employer will have no obligation with respect to the
application of the money paid to the Trustees pursuant to the terms of subdivision “A”
hereof :

C. The Employer agrees to make available to the Union and/or the Trustees of
the Pension Fund upon written notice, any and all books and records of the Employer
relating to the names; classifications, and Social Security numbers of employees covered
by the terms of this Agreement, the amounts of wages, vacation, holiday, bereavement,
overtime, sick pay, call-in pay and jury duty pay paid to all of the employees covered by
the terms of this Agreement and whatever books or records the Union and/or the Trustees
of the Pension Fund may require in connection with the sound and efficient operation of
the Pension Fund.

D. Title to all monies paid into the Pension Fund will be vested and remain
exclusively in the Trustees of the Pension Fund and the parties hereto agree that either the
‘Union or the Trustees of the Pension Fund or both shall have the right in their sole
discretion to take any action necessary to collect any contributions or monies due and
owing to the Pension Fund and to secure delinquent reports including but not limited to
submitting the matter to arbitration provisions of this Agreement or instituting legal action
in the courts.

E. The Employer hereby consents to all of the provisions of the Agreement
and Declaration of Trust establishing the Pension Fund as amended to date and as such
provisions may be amended from time to time hereafter.

F. _ For the first two (2) years of the contmot the contribution ts the Pension
Fund will be increased by one-quarter (14%).

THIRTY-SECOND: CHECK-OFF *

“The Employer agrees to deduct from the wages of employees who have sulhorized
such deduction in writing Union dues including initiation fees, if any, and to forward the
mensy so deducted to the Union et its Union offices. :

Itis understood and agreed that the Union shall furish each Employer with a full
list aed the amounts due from cach employee at least five (5) days before the last weekly
payroll of each month,

itis understood and egreed that the Union shall furnish each Employer with a full
16


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #1 -- BEFORE NORMAL RETIREMENT AGE,
REDUCED
STATUS: ACTIVE PARTICIPANT

If you start receiving your benefit on June 1, 2040 in the form of a Single Life Annuity, your
monthly benefit without the proposed reduction would be $760.88. Under the proposed reduction
your monthly benefit in the same form would be reduced to $688.23. These numbers are just
estimates. The actual amount you receive will depend on how long you work and when you
begin receiving payments. For more information, see the Plan’s summary plan description.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your accrued monthly benefit as of February 1, 2017 payable at age 65 is $760.88.
e You have 20.0000 years of credited service under the Plan as of February 1, 2017.

© You will be age 42 and 4 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts). There is no reduction for participants or beneficiaries
over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e Your benefit is not based on disability.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $625.66.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


provided. Upon completion of the employee’s probationary period,
contributions to the Insurance Fund will begin. The monthly
Insurance contribution rates for all employees will be:
Single Employesti Family
Effective June 1, 2013 $1,128.00 $1,783.00 $2,269.00

Effective June 1, 2014 $1,180.00 $1,894.00 $2,425.00
Effective June 1, 2015 $1,248.00 $2,020.00 $2,595.00

Effective June 1, 2013, the employees eligible for insurance
coverage will continue to contribute the following amounts on a
weekly basis, in accordance with their type of coverage, to be
deducted from their payroll check. ,

Single: $10 per week Employee+]: $20 per week Family: $30 per week

The employer will make the following contributions to the UFW
Pension Fund A and UFW Employees Pension Fund on behalf of employees
upon completion of their probationary period.

UFW Pension Fund A 3% of gross wages
UFW Employees Pension Fund 10% of gross wages

Section 2.- The Funds will require an employee to begin paying their
insurance contributions after they are out on an approved disability

leave for eight weeks.

ARTICLE XIII - WAGES
Section 1 - In lieu of a wage increase, all employees will receive a
one~time bonus of $500 on the pay period immediately following June

1, 2013.


AGREEMENT

between

EASTERN WOOD PRODUCTS
2020 Mill Lane
Williamsport, PA 17701

and

LOCAL 628
IUE - CWA ~ AFL - CIO

January 1, 2015 —- December 31, 2017 .

JUNO8 2bts


Company Proposal(wages & health insurance only)
12/16/14 to 1/1/18

Eastern Wood Products pays no health insurance for any employee.

Eastern Wood Product pays no deductable or any out of pocket expense for any employee.
Hourly raise: (first year is only for employees hired before 11/10/14).

1/1/15 to 12/31/15 — 1.00

1/1/16 to 12/30/16 - .25
1/1/17 to 12/30/17 -.25

Wage schedule for employees hired after November 1, 2014

- Head Maintenance/mechanic 12.26
~  Maintenance/mechanic 14.10
-  Retail/Glue Rack 9.62
- MolderA 10.25
- MolderB 8.04
= Lift Truck-yard 7.95
-  Mill/Lumber Handlers 7.73
- Boiler Room 7.73
- Gang Rip operator 7.93

$100 cash bonus

Redacted by the U.S. Department

lof the Treasury a
Union Rep. g Date, HLL] 6) Lowell Long, Jr.

F

Department of the Treasury —_—
Union 9 Date. Wf Sf 150 Katula

Redacted by the U.S.

Department of the Treasury
Compan Date. Sdhs , James M. Furey, ill


AGREEMENT BETWEEN

PENNSYLVANIA BEDDING, INC.

-and -

LU.E.-CWA, LOCAL 123

EFFECTIVE JANUARY 15, 2015
: THROUGH
MIDNIGHT, JANUARY 23, 2020

NOV? 2015


Second Application of the United
Furniture Workers Pension Fund A for
Approval Of Suspension of Benefits

APPENDIX C

EIN: 13-5511877/PN:001

e Excerpts of Collective Bargaining Agreements and Side
Agreements.

1934740.1


disposition of contributions of the Employer and the continuance of insurance
coverage. Any insurance plan effected shall conform to all applicable State and

Federal laws.

C. Ifan associate is off work for an industrial injury for a period in excess of one (1)
month and no contribution is owed because of a lack of earned hours, the
Company will nevertheless make one (1) monthly contribution in their behalf
based on their last working month's earnings.

D. If an associate is out on layoff over thirty one (31) days, the Company will make
one (1) payment to the U.F.W.A. Insurance Program on their behalf based on the

associate's previous month's earings.

E. The Union agrees to have the Fund representative provide current census and
experience data to the Company and to meet and confer with the Company
regarding the plan design of the insurance program each year at least ninety (90)
days prior to establishing new premiums subject to any applicable federal, state or

local laws or regulations.

F. The Company reserves the right to evaluate other insurance programs, which may -
have a lower cost and implement this new plan provided the coverage in the new

plan is comparable to the existing plan.

G. The Company and the Union agree that on or before March 31, 2016, the parties
will re-open, solely and exclusively Article XII, INSURANCE PROGRAM, for
the exclusive purpose for evaluating UFW insurance rates for 2016 and

alternative insurance plans with comparable coverage.

ARTICLE XO PENSION

13.01 A. Effective April 1, 2008 the Company shall contribute to the United Fumiture
Workers Pension Plan A, six percent (6%) of the gross earnings excluding the
Zero Waste Bonus of associates covered by this Agreement for this contract
period for the purpose of pension benefits. The parties agree, however, that the

38 DEC 32 2012


2. What are the rules for partition?

Federal law permits, but does not require, PBGC to approve an application for partition. It is
anticipated that PBGC will make a decision on the application for partition in or about June
2017. A plan is eligible for partition if certain requirements are met, including:

a. The pension plan is in critical and declining status. A plan is in critical and declining
status if it is in critical status (which generally means the plan’s funded percentage is
less than 65%) and is projected to run out of money within 15 years (or 20 years if
there are at least twice as many inactive as active participants, or if the plan’s funded
percentage is less than 80%).

b. PBGC determines, after consulting with the PBGC Participant and Plan Sponsor
Advocate, that the Board of Trustees has taken (or is taking) all reasonable measures
to avoid insolvency, including reducing benefits to the maximum allowed under the
law.

c. PBGC determines that: (1) providing financial assistance in a partition will be
significantly less than providing financial assistance in the event the plan becomes
insolvent: and (2) partition is necessary for the plan to remain solvent.

d. PBGC certifies to Congress that its ability to meet existing financial assistance
obligations to other multiemployer plans (including plans that are insolvent or
" projected to become insolvent within 10 years) will not be impaired by the partition.

e. The cost of the partition is paid exclusively from PBGCs multiemployer insurance
fund.

3. | Why are partition and benefit reductions needed?

The Plan is in critical and declining status, is 30.6% funded as of March 1, 2016, and is
projected to become insolvent by July 2021. The Board of Trustees has taken reasonable
measures to avoid insolvency, but has determined that these measures are insufficient and
that the proposed partition and reduction of benefits combined are necessary for the Plan to
avoid insolvency.

The Board of Trustees proposes to partition 100% of the liability-associated with the
terminated vested participants and 56% of the liability associated with those in payment
status (retired, beneficiary, and disabled participants). This is the minimum amount
necessary to transfer for the Plan to remain solvent. If instead the Plan is allowed to become
insolvent, the benefits of all participants and beneficiaries whose benefits exceed the PBGC-
guaranteed amount would be reduced to the PBGC-guaranteed amount.

If your benefit is fully or partially partitioned to the successor plan, then’ the original plan
will pay the difference, if any. Therefore, after taking into account any benefit reduction
under the suspension provisions, partition will not affect the total amount payable to any
participant or beneficiary.


I.

You can comment on the application to reduce benefits

You can submit a comment on the suspension application by going to
www.treasury.gov/mpra. Comments may also be mailed to the Department of the
Treasury, at the address listed above. All interested parties can make comments, and the
comments will be publicly available.

Retiree Representative

If a plan has 10,000 or more participants, the Board of Trustees must select a retiree
representative to advocate for the interests of retirees, beneficiaries, and deferred vested

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

The Board of Trustees is not required to select a retiree representative, because the Plan
has fewer than 10,000 participants. The Board of Trustees has not chosen to select a

retiree representative.

Vote on the proposed benefit reduction

If the application for the proposed reduction of benefits is approved by the Treasury
Department and the application for partition is approved by the PBGC, then you will
have the opportunity to vote on the proposed reduction. Unless a majority of all
participants and beneficiaries of the Plan vote to reject the reduction, the Treasury
Department must allow the reduction of benefits to take effect. This means that not
voting counts the same as a vote to approve the reduction.

B. PARTITION

What is partition?

A multiemployer plan that is in critical and declining status may apply to PBGC for an order
that separates (i.e., partitions) and transfers the PBGC-guaranteed portion of certain
participants’ and beneficiaries’ benefits to a newly-created successor plan. The total amount
transferred from the original plan to the successor plan is the minimum amount needed to
keep the original plan solvent. While the Board of Trustees will administer the successor
plan, PBGC will provide financial assistance to the successor plan to pay the transferred
benefits.

PBGC guarantees benefits up to a legal limit. However, if the PBGC-guaranteed amount

payable by the successor plan is less than the benefit payable under the original plan after
taking into account benefit reductions or any plan amendments after the effective date of the

- partition, Federal law requires the original plan to pay the difference. Therefore, partition

will not further change the total amount payable to any participant or beneficiary.


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #10 -- NOT REDUCED (MARRIED)
STATUS: DISABLED PARTICIPANT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction ¢ on
your benefit might be different.

This estimate is‘ based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $95.27 (with a $47.64 monthly
survivor annuity for your spouse).

© You have 9.7500 years of credited service under the Plan as of February 1, 2017.

e You will be age 74 and 9 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts).

e You retired under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $95.27.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


e Actuarial reports (including reports submitted in support of the application for partition)
furnished to the Plan within the last six years;

e The Plan’s current Rehabilitation Plan, including contribution schedules; and

e 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.

If your benefits are transferred to the successor plan, you will be furnished a successor plan SPD ;
within 120 days of the partition; and the plan document, trust agreement, and other documents
governing the successor plan will be available for review following partition.

The plan administrator must respond to your request for these documents within 30 days, and
may charge you the cost per page for the least expensive means of reproducing documents, but
cannot charge more than 25 cents per page. The Plan’s Form 5500 annual reports are also
available free of charge at http://www.dol.gov/ebsa/5500main.html. Some of the documents also
may be available for examination,- without charge, at the plan administrator’s office, your
worksite, or union hall. .

YOUR RIGHT TO CHALLENGE INCORRECT
CALCULATIONS

Please review the enclosed individualized statement that describes the proposed reduction of
your monthly payments. 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
SPD tells you how to submit a claim. The SPD also describes your right to have a court review
the Plan’s final decision on your claim.

Tf you believe the information used to calculate your estimate at the end of this notice is wrong,
please contact the Plan office using the contact information below.

CONTACT INFORMATION

Plan Contact Information

For more information-about this Notice, you may contact:

UFW Pension Fund A, 1910 Air Lane Drive, Nashville, TN 37210,
Email: ufw.pfa@ufwip.com, Phone: 615-889-8860.

PBGC Contact Information

Multiemployer Program Division, PBGC, 1200 K Street, NW, Washington, DC 20005-4026,
Email: Multiemployerprogram@pbgc.gov

Phone: 202-326-4000, Ext. 6535

PBGC Participant and Plan Sponsor Advocate Contact Information
Constance Donovan, PGBC, 1200 K Street, NW, Washington, DC 20005-4026
Email: Advocate@pbgc.gov

Phone: 202-326-4488


COLLECTIVE BARGAINING AGREEMENT

BETWEEN

ARCHITECTURAL PLY WOOD, INCORPORATED

COMMUNICATIONS WORKERS OF AMERICA

AFL-CIO

NOVEMBER I, 2007 TO OCTOBER 31, 2010,

“1
API-CWA 2007 « 2010

acts 0 20l4


; OCT 13 2014
AGREEMENT

Between

SEALY MATTRESS COMPANY OF SOUTH GATE

and

COMMUNICATIONS WORKERS OF AMERICA, AFL-CIO, CLC

2013-2016

C01 Oh, UF, flu ol


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #16 -- OVER NORMAL RETIREMENT AGE, REDUCED
STATUS: | TERMINATED VESTED PARTICIPANT

Your benefit without the proposed reduction as of February 1, 2017 in the form of a Single Life
Annuity is $283.89. Under the proposed reduction your monthly benefit in the same form will
be reduced to $283.62. These amounts will be different if you elect a Joint & Survivor form of
payment, but the impact depends on your spouse's age.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your accrued monthly benefit as of February 1, 2017 is $283.89.
© You have 16.3333 years of credited service under the Plan as of February 1, 2017.

e You will be age 67 as of September 30, 2017 (the last day of the month in which the
benefit reduction starts). There is no reduction for participants or beneficiaries over age
80 and reductions are limited for participants or beneficiaries between ages 75 and 80.

e Your benefit is not based on disability.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

Tf the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $257.83.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


Second Application of the United :
Furniture Workers Pension Fund A for :
Approval Of Suspension of Benefits

APPENDIX A

EIN: 13-5511877/PN:001

e Individual Notices that will be provided to Pension
Fund Participants and Beneficiaries.

1934740.1


Eligible employees are defined as all regular employees and all new regular employees who have
already completed ninety (90) days or more work on or before the first of each month. For example, a
regular employee who is first employed on January 15, will become an "eligible employee" on April 1.

Anew "eligible employee" shall become eligible for all benefits of the Program, except the Dental
benefits or pre-existing conditions, after the Fund has received two (2) months of contributions on the
eligible employee's behalf, For Dental benefits, the Fund will receive six (6) months of contributions on
the eligible employee's behalf. For pre-existing conditions, the eligible employee will become eligible
for benefits after Fund has received twelve (12) months of contributions on the eligible employee's
behalf.

The Company agrees to continue payment of contributions for al! employees covered by this Agreement
who are absent from. work because of layoff due to lack of work or because of illness. Payment shall be
made for the current month when the absence occurs plus one (1) additional month thereafter, provided,
however, that no contribution shall be made for such employee's replacement during this period of time;
and no contribution shall be made if the employee is employed in another shop covered by the United -
Fumiture Workers Insurance Fund and the Union shall certify that the employee is not working if
payments are to be made.

It is agreed that all members of the CWA, TUE United Furniture Workers of America, Local 9400, who
are covered by the United Furniture Workers Insurance Fund who transfer to another shop also covered
by the said Fund shal! be continuously protected by said insurance in accordance with the provisions set
forth in Section B of this Article; provided, however, that there shall be no carry-over liability for
contributions to the shop from which employee transfers; but rather the liability shall rest with the shop
to which the employee transfers; and provided further that it shall be the responsibility of the Union to
notify both shops involved in such transfer; and the Union shall certify to the shops that the transferring
employee is eligible to receive insurance coverage.

In the event it can be arranged, consistent with applicable law, employee co-payments will be made ona
pre-tax basis.

ARTICLE XI
Pensions

The Company agrees for the duration of this Agreement to contribute monthly, on or before the 10th day
of each month beginning with the month of October, 2004, to the United Fumiture Workers Pension
Fund, located at 1910 Air Lane Drive, Nashville, Tennessee, hereinafter referred to as the "Pension
Fund," a sum equal to one dollar ($1.00) per hour through September 201 1, beginning October 2011
the contribution rate shall increase to one-dollar and five cent ($1.05) per hour through September 2012,
beginning October 2012 the contribution rate shall be increased to one-dollar and ten cents ($1.1 0)for
each hour worked by each employee within the bargaining unit, as defined in the Agreement, who has
completéd thirty (30) days of employment, Such contributions are to be used by the "Trustees" of the
said “Pension Fund" for the purpose of providing pensions pursuant to the terms of the Declaration of
trust made on the 2nd day of January, 1953, by which the said "Pension Fund" was constituted and as
the same shall be amended from time to time thereafter. Failure to make the contributions provided
herein shall be a breach of this Agreement.

17


AGREEMENT made as of the 25th day of June, 2011, by and between the
AMALGAMATED INDUSTRIAL UNION LOCAL 76B AND ITS DIVISIONS,
(LOCAL 76B DIVISION) of the International Union of Electronic, Electrical, Salaried,
Machine and Furniture Workers, AFL-CIO, located at 150-47 Hillside Avenue, Jamaica,
‘New York, 11432, hereinafter referred to as the “UNION” and VIZIFLEX SEELS, INC,
(formerly known as Multiflex Seals), located at 221Grace Place, Hackensack, NJ 07610,
hereinafter referred to as the “EMPLOYER”.

WITNESSETH:

NOW, THEREFORE, it is mutually agreed as follows;

ARTICLE I, RECOGNITION

The Employer recognizes and acknowledges the Union as the sole and exclusive
barpaining agent for all of its full time production and maintenance employees with
respect to wages, hours and conditions of employment, excluding executives,
supervisors, office and clerical employees, tool and die makers, professional and
technical employees, watchmen and guards, and all other supervisory employces as
defined in the Labor-Management Relations Act, as amended.

ARTICLE Hl; UNION SECURITY

(a) All present employees and those hired in the firture except those
employees excluded in ARTICLE | hereof employed by the Employer, shall on the 30th
day following the beginuing of their employment, or the signing of this Agreement,
whichever is Inter, be and remain members of the Union in good standing as a condition
of employment. .

(db) Newemployees, if hired, shall be on a trial basis fora period of sixty (60)
days, The Employer may request an additional trial pericd of thirty (30) days in writing.
‘Thereafter, they shall be deemed regular employees and shall be required to become
members of the Union as a condition of continuing their employment.

(c) Nothing contained in this Agreement shall be construed to prevent a
supervisory employee from performing any work within that covered by the bargaining
unit employees, It being understood and agreed, however, that the Employer will not
have supervisory employees do bargaining unit work for the purpose of terminating the

2


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #3 -- NOT REDUCED
STATUS: ACTIVE PARTICIPANT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your accrued monthly benefit as of February 1, 2017 payable at age 65 is $28.97.
e You have 1.7500 years of credited service under the Plan as of F ebruary 1, 2017.

e You will be age 37 and 10 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts).

e Your benefit is not based on disability.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $26.54.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN.37210, (615) 889-8860.


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #2 -- OVER NORMAL RETIREMENT AGE, REDUCED
STATUS: ACTIVE PARTICIPANT

Your benefit without the proposed reduction as of February 1, 2017 in the form of a Single Life
Annuity is $1,127.46. Under the proposed reduction your monthly benefit in the same form will
be reduced to $1,013.34. These amounts will be different if you elect a Joint & Survivor form of
payment, but the impact depends on your spouse's age.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your accrued monthly benefit as of February 1, 2017 is $1,127.46.
© You have 27.5000 years of credited service under the Plan as of February 1, 2017.

e You will be age 69 and 9 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts). There is no reduction for participants or beneficiaries
over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e Your benefit is not based on disability.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $921.22.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


The contributions calculated, as above described, shall be paid to said Fund at the
address indicated, no later than the 10th day of the month for which the premium is due and
for each succeeding month for the duration of this contract. The contribution rates, as
indicated above, will remain the same for the length of this contract, but in no event longer
then three years.

‘The Employer agrees to make available to the Union and/or the United Fumiture
Workers/UE Insurance Fund upon written notice, any and all books and records of the
employer relating to whatever the Union and/or the United Furniture Workersv/IUE
Insurance Fund may require in connection with the sound and efficient operation of the
Insurance Fund and the adnsinistration of its benefits.

Title to alf monies paid into the Insurance Fund will be vested and remain
exclusively with the “Trustees” of the Insurance Fund and the parties hercto agree that
either the Union or the Insurance Fund ot both shall have the right and full discretion to
take any action necessary to collect any contributions or monies due and owing to the
Insurance Fund and to secure delinquent reports with such action, including but not limited
to submitting the matter to arbitration pursuant to the arbitration provisions of this
Agreement or instituting legal action in the courts. In the event of any such arbitration or
Jegal action instituted by the Union or the Insurance Fund against the employer to collect
delinquent contributions or to secure delinquent reports, it is hereby agreed that the
Employer shall be liable to the extent set forth by the Trustees of the Fund, or as provided
by law.

o Ti: FURNITURE Wé PENSION P|

A. The Employer agrees for the duration of this Agreement to contribute
monthly on or before the 1 0th day of each month to the United Furniture Workers Pension
Plan A, (hereinafter “Pension Fund”) or any other or different Fund designated by the
Union, in trust, a sum equal to four percent (4%) of its previous months gross payroll
(before deduction for taxes) including vacation, holiday, bereavement, overtime, sick pay,
call in pay, and jury duty pay of all of the emplayees covered by this Agreement and remit
together with such payment a monthly payroll report showing the weekly camings as well
as the vecation, holiday, bereavement , overtime, sick pay, call-in pay and jury duty pay to
which such employees were entitled during such period on forms to be supplied to the
Eaployer by the Pension Fund. The aforementioned contributions will be utilized by the
Pension Fund for the purpoee of providing Renton benefits for employees.


94/19/281} 14:37 17182628812 LOCAL 76B

OFFICE FURNITURE SERVICE, INC/LOCAL 768
‘MEMORANDUM OF AGREEMENT

It is hereby agreed this _day of December, 2010, by and between Office
Furniture Service, Ine: (hereinafter the “Employec”) md Amalgaraated Industrial Union
Local 76B and its Divisions (hereinafter the “Union”) that terms of the existing collective
bargaining agreement are extended up to and inchiding December 31, 2013 with the
following modification:

1, Effective December ___, 2010, the Employer hereby adopts the Preferred
Schedule as set forth in the Pension Fund’s First Amended ‘Rehobilitetion Plan, a9
specified below:

A. Effective Jamary 1, 2011, the Employer will increase its conteibution to the
United Fumituce Peosion Fund “A” (the “Pension Fund”) by an amount equal
t0 5.5% of (i) the contributions thet would have bees required wnder its prior
collective bargaining agreement and (ii) the amoutit of any surcharge required
pursuant ta BRISA Section 305(€){7)..

B, Bffective March 1, 2011 the Employer will inereass its contribution to the
Pension Fund by an amount equal to 5.5% of the amount that would have
‘bean required parsuant to paragraph 1(A),

C. Bfisctive Match 1, 2612 the Employer will increase its contribution to the
Pension Fund by an emovot equal to 5,59) of the mnount that would have
‘bepn reqnived pursuant parapraph 1(B).

D, Bffeotive March 1, 2013 the Borployer will increase its contribution to the
Pension Fund by an amount equal to 5.5% ofthe amount that would have
been sequired pursuant paragraph 1(C), which rate shall continne until the
termination of this Agreement,

‘Notwithstanding anything herein, any declaration of trast, the Prefered Schedule
‘a set forth in fhe Pension Pund’s First Amended Rehabilitation Plan, eny amendments
thereto, or any other document, the contribution rates shall not be increased beyond the
amounts set forth herein. In the event the Pension Fund or epplication of law purport to
require an increase beyond the amounts set forth herein or beyond the time periods set
forth herein, the Union and the Bnployer agree to meet and discuss such possibility es
well as potenti! reductions in Isbor costs to offset such increases. In no event ehall
Pension Foad’s Defiult Schedule be imposed without first giving the Employer notices
and a reasonable opportunity to cure any claimed defect set forth in the schedule sbove.

2 Secon “SEVENTEENTH: CALL-IN PAY” of the collective bargaining
agreement, dated September 1, 1997, chall be modified to limit any abligation for call in

0D, 50, OW, pe?

PAGE 82/04



The contributions calculated, as above described, shall be paid to said Fund, at the
address indicated, no fater than the 10th day of the month for which the premium is due and for each
succeeding month for the duration of this contract. The contribution rate, as indicated above, will remain
the same for the length of this contract.

‘The employer agrees to make available to the Union and/or the United Fumiture Workers
Insorance Fund, upon written notice, any and all books and records of the employer relating to whatever
the Union and/or the United Furniture Workers Insurance Fund may require in connection with the sound
and efficient operation of the Insurance Fund and the administration of its benefits.

Title to all monies paid into the Insurance Fund will be vested and remain exclusively in
the "Trustees" of the Insurance Fund and the parties hereto agree that cither the Union or the Insurance
Fund or both shall have the right, and full discretion, to take any action necessary to collect any
contributions or monies due and owing to the Insurance Fund and to secure delinquent reports with such
action, including but not limited to submitting the’ matter to arbitration pursuant to the arbitration
provisions of this Agreement or instituting legal action in the courts, In the event of any such arbitration
or Jegal action, instituted by the Union or the Insurance Fund against the employer to collect delinquent
contributions or to secure delinquent reports, it is hereby agreed that the employer shall be liable to the
extent set forth by the Trustees of the Fund, or as provided by law.

12.5 ‘The Company reserves the right to look for a comparable Health & Welfare Plan, and
agrees to re-open negotiations at least 30 days prior to the end of the first year of the contract,

12.6 + Both parties agree that cach has the right to exercise their options to either strike on
behalf of the Union or a Iockout on behalf of the Company, if no agreement is made on a comparable
‘Hospital and Medical coverage for the employees in the Bargaining unit.

ARTICLE XIII PENSION

13.7 Effective November 1, 1978, the Company will commence contributions to a Pension Plan
administered by the United Fumiture Workers Pension Fund for all bargsining unit employees at the rate
of five ($.05) cents per hour Effective December 1, 1999, the Company will increase the pension
contribution to ten ($.10) cents per hour,

ARTICLE XIV SHIFT DIFFERENTIAL

141 Employees working on the second and third shift will receive a shift differential of fifteen
(8.15) cents per hour above: their normal rate of pay. Employees working on the third shift will receive
eight (8) hours pay for six and one-half (6 1/2) hours of work.

ARTICLE XV. REPORT PAY
15.1 An employee who reports to work on his/her assigned shift during the normal work week

without previous notification not to so report will receive not less than four (4) hours of work or four (4)
hours of pay at his/her regular straight time base rate.

15.2. This provision shall not apply if the cause for lack of work is beyond the contro! of the
Company or in cases of fire, flood, earthquake, electrical failure, general power failure or acts of God.

153 Employees shall be decmed called to work untess told or instructed otherwise. The
employees scheduled or notified to report to work may be assigned to other work for which they may be

10
API-CWA 2007 - 2010


anniversary date. Once vacation time has been carried over, the
employee forfeits the right to cash out on “banked” vacation days.
If an active employee dies prior to using any or all of their
vacation entitlement for that year, the cash value of their unused
entitlement will be paid to their listed beneficiary, if any, or to
their estate.

Section 5 - Employees who quit or tender resignation without proper
two (2) weeks’ notice shall forfeit accrued vacation pay.

Section 6 ~- When an employee is reimbursed accrued paid vacation
time, this. shall be “bonus in lieu of wages” and shall not be
considered in calculating fringe benefits, such as _ pension,

insurance, etc.

ARTICLE XI - ‘PERFECT ATTENDANCE

Section 1 - An employee who has two consecutive calendar months of
perfect attendance with no time docked, except for approved unpaid
union leave as per Article VII, Section 1, and no time charged,
except for vacation of no less than five (5) consecutive vacation
days, shall receive one and one-half (1%) full day’s pay, provided
they have completed their probationary period. The one and one-half
(14s) day’s pay should be paid within the following two (2) pay
periods.

ARTICLE RIT — INSURANCE AND PENSION

Section 1 - All employees shall receive the United Furniture Workers
Insurance Fund, United Furniture Workers Pension Fund A and United
Furniture Workers Employees Pension Fund programs presently

15


3) There shall be no Union activity on Company time, except as otherwise
herein provided.
(4) The applicable procedures of this Agreement will be followed for the

settlement of all grievances,
(5) There shall be no interference with the rights of employees to become or
continue to be members of the Union,
(6) There shal be no discrimination, restraint or coercion against any
employee because of membership in the Union.

ARTICLE XX: GRIEVANCE PROCEDURE

(a) Ifany complaint, dispute, grievance or ather questions conceming the
meaning, application, interpretation or alleged violation of this Agreement arises
between the parties hereto, an earnest effort shall be inade to adjust and settle such
complaint, dispute and grievance or other matter by negotiations between the parties
within forty-eight (48) hours after notice thereof is given in writing by the party
aggrieved to the ather.

(b) Such notice shall be sent no later than five (5) days after the problem
arises and in the event such notice is not given, the matter shall be deemed withdrawn,

(c) _ Inthe event that notice has been given and the parties have been unable to
settle the same to their tautual satisfaction, either party may refer the matter or matters in
any dispute to the New Jersey State Board of Mediation focated at 50 Park Place,
Newark, New Jersey, The Award made by the arbitrator designated by the New Jersey
State Board of Mediation shall be final and binding upon both parties, The cost of
arbitration, if any, shall be bome equally by the Employer and the Union.

ARTICLE XXM;_ SUCCESSORS AND ASSIGNS
‘This Agreement shall be binding upon and inure to the benefits of the respective

parties and their legal representatives, successors and assigns.
ARTICLE XXM@: UNITED FURNITURE WORKERS PENSION PLAN A.

Effective January 1, 2008, the Employer agrees for the curation of this Agreement.
to contribute monthly on or before the 10th day of each month to the United Furnitise
Workers Pension Plan A (hereinafter “Pension Fund”), in trust, the sum of five cents
(8.05) per hour for each hour worked by the covered employees, including vacation,
holiday, bereavement, overtime, sick pay, call in pay, and jury duty pay of all the

i


AGREEMENT

between

UNITED FURNITURE WORKERS INSURANCE FUND

UNITED FURNITURE WORKERS PENSION FUND A

and

INTERNATIONAL ASSOCIATION OF MACHINISTS AND AEROSPACE WORKERS,
AFL-CIO, DISRICT 711
And its affiliated Local Lodge Number 1640


IN WITNESS THEREOF, the parties hereto have caused these presents to be signed by thelr
fespective duly authorized officers as of the day and year first above written.

STEINWAY, INC.

By:
President
Local 81102 RW.
LU.E- CWA, AFL-CIO
ey.
a.

3 2
Stoff Representative, .U.E-C.!

23



4. What is PBGC’s multiemployer plan guarantee?

Federal law sets the maximum that PBGC may guarantee. For multiemployer plan benefits,
PBGC guarantees a monthly benefit payment equal to 100 percent of the first $11 of the
Plan’s monthly benefit accrual rate, plus 75% of the next $33 of the accrual rate, times each
year of credited service. PBGC’s maximum guarantee, therefore, is $35.75 per month times
a participant’s years of credited service.

PBGC guarantees vested pension benefits payable at normal retirement age, early retirement
benefits, and: certain survivor benefits, if the participant met the eligibility requirements for
a benefit before plan termination or insolvency. A benefit or benefit increase that has been
in effect for less than 60 months is not eligible for PBGC’s guarantee. PBGC also does not
guarantee benefits above the normal retirement benefit, disability benefits not in pay status,
or non-pension benefits, such as health insurance, life insurance, death benefits, vacation
pay, or severance pay.

5. How will I know when PBGC has made a decision on the application for partition?

If PBGC approves the Board of Trustees’ application for partition, PBGC will issue a notice
to affected participants and beneficiaries whose benefits will be transferred to the successor
plan no later than 14 days after it issues the order of partition. You may also visit
www.pbge.gov/MPRA for a list of applications for partition received by PBGC and the
status of those applications.

6. How do I obtain information on the application for approval to reduce benefits?

The application for approval of the proposed reduction of benefits will be publicly available
within 30 days after the Treasury Department receives the application. See
www.treasury.gov for a copy of the application, instructions on how to send comments on
the application, and how to contact the Treasury Department for further information and
assistance.

YOUR RIGHTS TO RECEIVE INFORMATION ABOUT YOUR
PLAN AND ITS BENEFITS

Your Plan’s Summary Plan Description (“SPD”) will include information on the procedures for
claiming benefits, which will apply to both the original and successor plans until the Plan
provides you anew SPD. You also have the legal right to request documents from the original
plan to help you understand the proposed reduction to your benefits and partition and your rights
such as:

e The plan document, trust agreement, and other documents governing the Plan;

e The latest SPD and summaries of material modification;

e The Plan’s Form 5500 annual reports, including audited financial statements, filed with
the U.S. Department of Labor during the last six years;

e The Plan’s annual funding notices for the last six years;


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #13 -- NOT REDUCED (SINGLE)
STATUS: RETIRED PARTICIPANT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $59.19.
e You have 10.9167 years of credited service under the Plan as of February 1, 2017.

© You will be age 84 and 4 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts). There is no reduction for participants or beneficiaries

over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

o You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $59.19.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.



Ms. Vicki Di Paolo
November |, 2010
Page 3

6. Except as expressly set forth in this Side Leiter Agreement, the terms and
conditions contained in the 2007-2010 collective bargaining agreement
between API and CWA Local 9400 shall remain in full force and effect.

To avoid unnecessary drafting and expense, the parties agreed to use a side lerter
format rather than prepare'a new CBA. Therefore, if the bargaining unit accepts the
terms sel forth in this Side Letter Agreement, please sign below where indicated
signifying CWA Local 9400's agreement to these terms.,

ARCHITECTURAL PLYWOOD, INC.

Redacted by the U.S
$3y28-d Department of the

‘Yies oat

Position: |

Date: \M/ivl fie

feat Redacted by the U.S. Department of

CWA LOCAL 9400 Y
Redacted by the U.S. Department
fryof the Treasury By fthe Treasury

Posigtan, “DIEcte2
‘Dae Nov, 3, ealo

Position: { Veer d

Date: a eid bs



AMALGAMATED INDUSTRIAL UNION
LOCAL 76B AND ITS DIVISIONS, of the

TUE-CWA, AFL-CIO
Redacted by the U.S.
Department of the Treasury

BY:

PREMIER RESTORATION

TECHNOLOGIES
Redacted by the U.S.
Department of the Treasury



20.02 In the event SIMMONS MANUFACTURING CO., L.L.C, closes the plant and the
Company cannot recognize the I,U.E/C,W.A/F.W., Local #89262 as the
bargaining agent in the new location, the Company will be willing to sit with the
Union to negotiate over the effects of the closure, including but not limited to

severance compensation.

SIGNED THIS DAY OF 20 5

FOR-The Simmons Manufacturing Co., LLC,, FOR THE INTERNATIONAL UNION
OF ELECTRONIC, ELECTRICAL,
SALARIED, MACHINE &
FURNITURE WORKERS AND
COMMUNICATION WORKERS OF
AMERICA, AFL-CIO, LOCAL 89262

Redacted by the U.S. Department of the FW
Treasury

Redacted by the U.S. Department of the Treasu!

Craig Nath Ulises Vergara
Operations Manager A

Hapa Reseurres trleseeel Chief Steward

Redacted by the U.S. Department of the Redacted by the U.S.

Treasury Department of the Treasury
Dana Carstensen Ou pugsear:y

Bargaining Committee
Redacted by the U.S. é
Department of the Treasury

Puman R es ety
Redacted by the U.S. Department of the
{Treasury

Dave Puttock
VP of Human Resources

Director, IUE-CWA



ARTICLE XVIL

Entire Agreement

This constitutes the entire Agreement between the parties and all agreements heretofore made between
the Company and the employees, or between the Company and this Union, are hereby canceled, this
Agreement taking the place thereof; and the Company agrees that all agreements in the future shall be
made between the Company and the Union with respect to conditions of employment and that the
Company will not attempt to make any agreement with any employee contrary to the terms hereof. The
Company may make such arrangements for compensation in excess of the minimum rates herein set
forth as may be desired by mutual agreement. It is further understood and agreed that the normal
practices for the comfort and well being of all employees that were previously in force shall remain.

ARTICLE XVIII

Termination, Modification, and Renewal

This Agreement shall remain in full force and effect through October 15, 2016, and thereafter annually;
provided, however, that either party may terminate this Agreement or give notice of desire to modify

any portion thereof on said date, or at the end of any subsequent yearly period, by notifying the other
party in writing to the effect not less than sixty (60) days prior to the end of any subsequent yearly
anniversary.

in the event any articles, sections or portions of this Agreement shall be found and declared by a court of
last resort and competent jurisdiction to be invalid, it shall not affect the remainder of this Agreement.

Such remaining articles, sections and portions shall remain in full force and effect. Upon expiration of
the invalidating legislation, those portions invalidated shall again come into full force and effect.

Any waiver of any provision of this Agreement shall not be deemed to be a permanent waiver and such
provisions shall continue in full force and effect except for the duration of the waived period which
waiver to be effective shall be in writing only.

IN WITNESS WHEREOF, the parties have hereunto set their hands and seals by their respective
<bplimben , 2073

officers or representatives thereunto duly authorized on the day of

piiRedacted by COMMUNICATIONS WORKERS OF AMERICA,

OF AFL-CIO
the Tresairy Redacted by the U.S. Department
By of the Treasury

Vicki Di Paolo

oWillarce
Redacted by the U.S.
Department of the Treasury



AGREEMENT made as of January 1, 2016 between Stelnway, Inc, d.b.a, Stelnway & Sons, (the
“Company“} and Local 81102, FW,,|.U.E-C.W.A, AFL-CIO, (the “Union”)

WITNESSETH:

WHEREAS, It is the Intent and desire of both the Company and the Union to cooperate with
each other In the administration of the provisions of thls Agreement In order to achieve more
stable and desirable conditions of employment for the Employees covered hereby and more
harmanious and profitable operations for the Company;

NOW, THEREFORE, In consideration of these premises, the parties hereto do hereby cove-
nant, promise and agree as follows:

ARTICLE 1.
EMPLOYEES COVERED BY THIS
AGREEMENT

The term “Employees” whenever used herein shalt apply to all present and future Employees
of the Company employed In New York City, except the following who are expressly excluded:
Executives, Supervisory Employees (Including all Foremen, and Assistant Foremen), clerical,
administrative and Retall Sales Department personnel, This Agreement covers all Employees,

The Company and Union will not discriminate agalnst any Emplayee or applicant for em-
ployment because of race, creed, color, national origin, sex, age, disability, marital status, sex-
val orlentation or citizenship status in all employment decisions, Including but not limited to
recrultment, hirlng, compensation, training and apprenticeship, promotion, transfers, lay-off
and termination, and all other terms and conditions of employment,

ARTICLE 2.
UNION SECURITY

A, Present Employees who are members of the Union shall remain members In good stand-
Ing for the duration of this Agreement as a condition of employment,

8. Present Emplayees wha are not members of the Unton and new Employees shall become
members of the Unlon thirty (30) days after the date of hiring, and remain members In
good standing for the duration of this Agreement as a condition of employment.

€. Subject to any applicable State or Federal law, the Company agrees that upon the written
request of the Union, tt will not continue In Its employ any Employee who Is not amember
of the Union In good standing.

1D. AnEmployee shall be deemed in good standing hereunder as long as such Employee pays
his/her Initiation fee and monthly Union dues as they came due.

€, The Company shail have the right to obtain new Employees from any possible source
whatsoever, However, the Company shall notify the Union of any vacancy or vacancies
and glve the Union en opportunity to send Its members to become applicants for such
vacancies. The Company agrees that it will nat discriminate against any applicant sent
by the Union,

F The Union agrees to accept all new Ernployees as members without limitations, provided
such Employees remaln in good standing.

a



A The Employer agrees for the duration of this Agreement to contribute
monthly on or before the 10th day of each month to the United Furniture Workers
Pension Plan A, (hereinafter “Pension Fund”) in trust, a sum equal to six and one-half
(6-1/2%) percent of its previous months gross payroll (before deduction for taxes)
including vacation, holiday, bereavement, overtime, sick pay, call in pay, and jury duty
pay of all of the employees covered by this Agreement and remit together with such
payment a monthly payroll report showing the weekly earnings as well as the vacation,
holiday, bereavement , overtime, sick pay, call-in pay and jury duty pay to which such
employees were entitled during such period on forms to be supplied tothe Employer by
the Pension Fund for the purpose of providing pension benefits for employees.

B. It is understood and agreed that the assets of the Pension Fund will be held
and managed by the Trustees thereof under the terms and provisions of an Agreement
and Declaration of Trust and that the Employer will have no obligation with respect to
the application of the money paid to the Trustees pursuant to the terms of subdivision
“A” hereof.

Cc The Employer agrees to make available to the Union and/or the Trustees
of the Pension Fund upon writtew notice, any and all books and records of the Employer
relating to the names, classifications, and Social Security numbers of employces covered
by the terms of this Agreement, the amounts of wages, vacation, holiday, bereavement,
overtime, sick pay, call-in pay and jury duty pay paid to all of the employees covered by
the terms of this Agreement and whatever books or records the Union and/or the Trustees
of the Pension Fund may require in connection with the sound and efficient operation of
the Pension Fund.

D. Title to all monies paid into the Pension Fund will be vested and remain
exclusively in the Trustees of the Pension Fond and the parties hereto agree that either
the Union or the Trustees of the Pension Fund or both shalt have the right in their sole
discretion to take any action necessary to collect any contributions or monies due and
owing to the Pension Fund and to secure delinquent reports including but not limited to
submitting the matter to arbitration provisions of this Agreement or instituting legal

action in the courts,

E. The Employer hereby consents to all of the provisions of the Agreement
and Declaration of Trust establishing the Pension Fund as amended to date and as such

provisions may be amended from time to time hereafter.

4


ARTICLE 10

Insurance Program

10.01. The Company agrees to the establishment of an Insurance Program for the benefit
of its employees covered by this Agreement, such insurance to include group life insurance,
group accidental death and dismemberment, diagnostic and X-ray benefits, surgical benefits and
hospitalization benefits. Such insurance will be purchased through and administered by the
United Furniture Workers Insurance Fund as established by an Agreement and Declaration of
Trust in the State of New York and dated May 28, 1944, Dental benefits will be included in this

plan.

10.02 Effective May 1, 2008, the Company will remit premiums due to the insurance
fund for each seniority employee (excludes probationary employees) actively employed in the
bargaining unit for any duration during the immediate preceding month. Effective May 1, 2008,
the Company contribution will be $610.00, Effective May 1, 2009 the Company contribution
will be $635.00. Effective May 1, 2010 the company contribution shall be $660.00, The
employee contribution shall equal the difference between the amount billed by the insurance
fund less monthly employer contribution and shall be deducted from employee’s pay on a

weekly basis.

10.03 It is further agreed that premium payments by the Company will be for the
purchase and administration of insurance for the Sealy Mattress Company employees who are
members of the CWA/IUE Furniture Workers ‘Division, Local 262, AFL-CIO, and in the event
that contributions are not used for the benefit of said employees, the Company shall withhold any
further payments into the designated Insurance Fund and shall immediately negotiate with the
accredited representatives of Local 262 as to the disposition of contributions of the Company and
the continuance of insurance coverage. Any insurance plan affected shall conform to all

applicable State and Federal laws,
ARTICLE 11

Pension

11.01 Effective May 1, 2008 the Company agrees to pay monthly to the United
Furniture Workers Pension Fund, located at 1910 Air Lane Drive, Nashville, Tennessee 37210, a
sum equal to six and three quarters percent (6.75%) of its previous month's gross payroll of the
employees within the bargaining unit defined in this Agreement for the purpose of providing
pension or retirement benefits to said employees under and pursuant to a certain pension plan
adopted by the Trustees of the United Furniture Workers Pension Fund

ua DEC 8 4 2012


Since the above hae been mutually agreed to,
enclosed is a memorandum of agreement in duplicate for
your signature. Kindly sign one and return to me as

500n as possible.

If you have any questions or comments regarding
the above, please do not hesitate to contact me at. the

Union office.

Sincerel

Redacted by the epartment of the
Treasury
Isabel Pietri
President

ip/mdc
opeiu: 153
cc: Peter Patrenicola


grievance or controversy is not reached as a result of Step (2), the same may be submitted
by either party to an arbitrator designated by the New York State Board of Mediation for
arbitmtion. The decision of the arbitrator shall be final and binding upon the Parties,

(©) any party to this Agreement shall fail, neglect or refuse to appear in any
arbitration proceeding, then and in that event, it is agreed that such arbitration may,
nevertheless, proceed to final determinstion upon the evidence present thereat,
Notwithstanding any other provision of this contract, if an Employer shall fail, neglect or
refuse to appear at any arbitration proceeding after service upon.of a ten day notice, as
required by the law of the State of New York, the Union may stop work in the
Employer's shop and the Employer shall be responsible for all time lost by his workers,
In the event any party to this Agreement should urge that for any reason any dispute
submitted to artrtration by another party is not arbitrable under the laws of the State of
New York, the arbitrator shall have the sole and exclusive authority to determine the
arbiteability of such dispute, ,

(@) Inthe event that an epplication for discharge by the Emplayer is made to
the New York Mediation Board, the arbitrator shall hear and determine said case within
said seven (7) day period, the Board will promptly so uotify the parties and at the same
time submit 2 panel, said submission to be by telephone. If the parties do not agree upon
a member of said panel within 48 hours of receipt of same, the Board shall designate an
arbitrator who will proceed on an expedited basis. Either the Union or the Employer may
requost that the same procedure apply to any other grievance hereunder.

ARTICLE TWENTY-EIGHT; PENSION PLAN

‘The Company will pay to the United Furniture Workers Pension Plan A, 1910 Air
Lane Drive, Nashville Tennessee 37210, ot to any other or different Fund designated by
the Union (Amalgamated Industrial Union Local 76B And Its Divisions) a sum equal to
four and thres-fourths (4 3/4%) percent of the gross payroll for cach employee cavered in
the bargaining unit. ‘The contributions shall be paid for the purpose of providing to the
employees a pension and/or other benefits as outlined in the rules and provisions of the
United Fumitare Workers Pension Plan A, or any other or different Fund designated by
the Union.

The contributions calculated, as above described, shell be paid to sald Fund, st the
address indicated, no leter than the 10th day of the moath following the month for which
the ooateibution is due amd for each succeeding month for the duration of this contract.

‘The Employer agrecs to make available to the Union and/or the United Fumiture

12


POWER OF ATTORNEY AND
DECLARATION OF REPRESENTATIVES BEFORE
THE DEPARTMENT OF THE TREASURY

Applicant Information
Board of Trustees

United Furniture Workers Pension Fund A
1910 Air Lane Drive

Nashville, TN 37210

EIN: 13-5511877/PN: 001

Contact Person: Dee Anne Walker, Director
Phone: (800) 800-8860

Fax: (615) 391-0865

Ufw.pfa@ufwp.com

The Board of Trustees of the United Furniture Workers Pension Fund A, the plan sponsor of the
Pension Fund and the Applicant of this Second Application for Approval of Suspension of Benefits,
by and through its Chairman of the Board, an authorized representative of the plan sponsor, hereby
appoints the following representatives as attorneys-in-fact to represent the Applicant before the
Department of the Treasury and perform acts related to attached Application dated March 15, 2017
for suspension of benefits under §432(e)(9) of the Internal Revenue Code of 1986, as amended.

Representative Information

Kyle Flaherty

Bryan Cave LLP

1290 Avenue of the meticas
New York, NY 10104
Phone: (212) 541-2134

Fax: (212) 541-1358
kpflaherty@bryancave.com

Christian Benjaminson

Cheiron

1000 Atrium Way, Suite 403
Mount Laurel, NJ 0805

Phone: (703) 893-1456 ext. 1002
Fax: (609) 257-0093

cbenjaminson@cheiton.us

Send copies of notices and communications to representative? YES

1935166


legitimate reasons and to exercise all other rights of management which have not beet
specifically limited by this Agreement.
(6) Smoking in unauthorized areas at unauthorized times shall constitute
ground for immediate dismissal.
, TICLE.
In the event the Employer fails to furnish any report requited to be fumished by
Article XV {c) and Article XXI herein, and if such failure shall continue fora period of

ELIN' ‘LAUSE

two (2) weeks or more after the Employer receives a warning notice in writing from the
‘Trustees of any Fund or Funds covered by this Agreement, and if the Union or said
‘Trustees thereafter send an auditor to the Employer's premises to obtain said report, the
Employer shall, in that event, be obligated to pay to the Fund or Funds covered by this
Agreement, the sum of Twenty-Five Dollars ($25,00) for each day that said auditor is
required to appear at the premises of the Employer for said purpose, provided however,
thae the obligation-of the Employer herein shall not exceed the total sum of Fifty Dollars
($50.00),

In the event the Employer shail fail to make any contributions to any Fund or
Funds covered by this Agreement, on the date set for such contribution and if such failure
shall continue for a period of two (2) weeks after the Employer has received a warning,
notice in writing from the Trustees of said Fund or Funds, and should the Union
thereafter proceed to arbitration or court action respecting such failure, the arbitrator or
court, in adilition to awarding whatever sum or stms may be owing to the saidl Fund or
Funds, may add or include an additional sum of twenty (20%) percent of the total due to
each Fund 2s liquidated damages to cover the cost of arbitration or court action, provided
however, in no event shall such sum exceed a total of Two Hundred Dollars ($200.00).

ARTICLE XXE: UNITED FURNITURE WORKERS PENSION PLAN A

Effective October 1, 2007, the Employer agrees for the duration of this Agreement

to contribute monthly on or before the 10th day of each month to the United Furniture
Workers Pension Plan A (hereinafter “Pension Fund”) in trust, the sum of five (5%)
percent of the previous month’s gross payroll of its employees, to be used by said Pension
Plan A for the purpose of providing said employces with retirement or pension benefits as


pany and of other companies which similarly contribute to sald Fund, for the purchase, or pro-
vision by self Insurance, of group Life Insurance, Group Accident, Death and Dismemberment
Insurance, Group Accident and Health Insurance, Hospitalization Insurance and Group Surgical
insurance as the Fund’s Trustees determine to provide.

To the extent that In the manner above mentioned, the Company Joins with other compa-
niles in the Furniture, Bedding and Piano Industries, who have made or may make contracts
containing provisions similar to those set forth In this section, In maintaining the sald Fund, it
being understood, however, that the Fund will be held and managed by Trustees thereof under
the terms and provisions of a Declaration of Trust or Trust Agreement to which the Trustees of
the Fund are parties. (t 1s further understood and agreed that the Company shall be under no
obligation to see to the application of monies pald to the Trustees pursuant to this paragraph
for the purposes and use above-mentioned,

The Company agrees to furnish to the Union and to the Fund above named, records of Em-
ployees hired, classifications af Emplayees, names, social security numbers and wages pald.

‘The Union represents that sald trust fund Is exempt from the restrictions contained in Sec-
tion 302(c) of the Labor Management Retations Act of 1947 and that sald fund shall at all times
continue to be a Fund conforming with and entitling the Company to exemption under the New
York Disability Benefits Law.

ARTICLE 26.
PENSIONS

Subject to the provisions below, the Company shall contribute to the United Furniture Work
ets’ Penslon Fund Aa sum equal to but not exceading the following percentages of Its previous
month's payroll for such Employees cavered herein as may be covered under such fund:

Effective January 1, 2016 8.40% *
Effective January 1, 2017~8.86%
Effective January 1, 2018 - 9.35%

* This Increase on the contribution rate shall be paid retroactively to January 1, 2016, to the
extent that Company has not already pald the Increase, .

Sald Fund shall continue to be subject to the following conditions:

“A. Sald Fund shall be a plan entitling the employer to a tax deduction as an ordinary expense
under the tax laws for any contributions made by it to sald Fund certified by the Commis-
stoner of Internal Revenue as tex deductible under Section 162 of the Internat Revenue
Code.

B. During any period that piano work Is frozen by Government order or authority, the Com-
Ppany’s contribution to sald Fund shall be made only as to Employees who had praviously
been engaged In piano wark and who continue to wark far the Company during the perl-
ad of such freeze, and shall not be required to be made as to any other Employees,

C. During the period a new Foreman retalns his/her full sentority status as described In Artl-

cle 13(D), pension contributions for him/her will be held In reserve. If after such period,
the Foreman continues in such capacity, he/she may apply for the “Withdrawal Benefit”

7



1.

2

A. BENEFIT REDUCTIONS (“SUSPENSION”)

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 2021. 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, with the reduction of benefits that the Board of Trustees has proposed combined with
partition, the plan should not run out of money.

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 PBGC will be paid. You can find the amount of your benefit that is guaranteed by PBGC
attached to this notice.

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

Under Federal law, the Board of Trustees must apply the following rules to the proposed
reduction:

e 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 necessary.

e Your monthly benefit and the benefit of your beneficiary cannot be reduced below
110% of the amount guaranteed by PBGC.

e Disability benefits (as defined under the Plan) cannot be reduced.

e The benefits of people who are at least 80 years old on September 30, 2017 and their
beneficiaries cannot be reduced.

e The benefits of people who are at least 75 years old on September 30, 2017 and their
beneficiaries are partially protected, and the closer the person is to age 80 the less the
benefits can be reduced.

What are the proposed reductions in benefits?

The Board of Trustees proposes a reduction of benefits for pensioners and future pensioners
(except for disabled pensioners or pensioners over 80 years of age as of September 30,
2017) to 110% of the PBGC guarantee. (As indicated above, pensioners who are at least age
75 as of September 30, 2017 but not yet age 80 as of that date will have a partially protected
pension benefit). This is the maximum allowable suspension permitted by law, which

» combined with partition, is necessary for the Fund to remain solvent. Therefore, all

participants (except for the disability or age-based exceptions described above) are subject
to the proposed benefit suspension.

The proposed suspension will remain in effect indefinitely and will not expire by its own
terms. The effect of the proposed benefit suspension varies by participant and depends on


+t XEROX Telecopler 7017}12-20-89 ; 14r90 | 71626266124 Wit F

Redacted by the U.S. Department of the Treasury

Iu

percent ofthe gross payroll,
3. Effective September 1, 1993, the employses shall be
entitled to two (2) less holidsya aach year of this Agreement, said cwi
(2) days to be be mutually agreed upon between the Employer and the
employes. P
6, fo be eligible for holiday pay, employees myst work tha
scheduled work day before and tha schaduled work day-after the paid
holiday unlegs the employes 1a absent by reauon of dljness, layoft or
 othex Legitimave reason acceptable to the Union end the Employer,
Ve Employees to be paid for overtime only after the comple
af forty (40) hours per week.
8, the Ewployer may elect, at its option, te ewitch to the
Hational Health Instance Program, when it bacomas available, es long
sald program offers the sam# benefits provided by the Amalgamated
Industrial UnLon Local 768 Health And Welfare Fund, or any other or
@Lfgerent Pund designated by che Unions

AMALGAMATED INDUSTRIAL UNTON
(LOGAL 76 D{VISZON) LOCAL 76B AND ITS DIVISIONS,
-of the Internatjonal Union of
Bleatronic, Electrical,
Salaried, Machine and Furnicure

Workera, AFL=C¢160
Redacted by the U.S. Department
of the Treasury

B

Redacted by the U.S.
Department of the Treasury



44/19/2811 14:37 17182628812 LOCAL 768

E. Employees who were employed as full-time regular employees prior to
August 1, 2007 shall be permitted to opt out of coverage, in which case the
Employer shall not be required to make any contribution on behalf of said
employes and the Bmployer shell pay the employee 75% of the single
contribution rate fur anty month the Employer would have otherwise been
required to make contributions on bebalf ofthe employes,

F, No Fund contributions shall be mode on behalf of amployess hired on or after
‘August 1, 2007."

6. —_AUl other terns and provisions of the prlor Collective Bargaining Agreement
(including the MOA’s dated November 12, 2003 and July 23, 2008) not conflicting with
the provisions set forth herein shall continue unohinged,

AMALGAMATED INDUSTRIAL OFFICE FURNITURE SERVICE,
UNION LOCAL 76B AND ITS DIVISIONS, SERVICE, INC,
ABL-CLO

Redacted by the U.S. Department

Redacted by the U.S.

Department of the Treasury

ifomo Bimbaum, President

ORTOOMOADRAFT.DRL LO jandeaLO1OAT

PAGE &4/a4



ARTICLE XX

INSURANCE

Section 20.01 Effective July 1, 2002, the Company will provide
health insurance.

Section 20.02 Effective January 1, 2015 Employees are
responsible for their own Heath Care Insurance and Cost

ARTICLE XXI

PENSION

Section 21.01 Beginning July 1, 2002, the Company shall begin
contributing twenty five (25) cents per hour to the UFW Pension
Fund for retirement coverage of all TUE members employed by
the Company. The pension contributions shall include vacation
and holiday time, plus overtime work.

32


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #6 -- NOT REDUCED
STATUS: BENEFICIARY ENTITLED TO A SURVIVORSHIP BENEFIT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $19.57.

e The participant had 13.8333 years of credited service under the Plan as of February 1,
2017.

© Your spouse would have been age 56 and 1 month as of September 30, 2017 (the last day
of the month in which the benefit reduction starts).

© You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $19.57.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


ARTICLE
ANNUITY

DELINQUENT CLAUSE
DISCHARGE

DUES AND INITIATION Fees
DURATION OF CONTRACT
GRIEVANCE PROCEDURE
HOLIDAYS

HOURS OF WORK - REST PERIODS
MANAGEMENT RIGHTS
MISCELLANEOUS

NO STRIKE-LOCKOUTS
OVERTIME

PLANT VISITATION

REPORTING TIME

SENIORITY

SHOP CHAIRMAN AND SHOP COMMITTEE

‘TRIAL PERIOD

UNION RECOGNITION

UNION SECURITY

UNITED FURNITURE WORKERS
INSURANCE FUND

UNITED FURNITURE WORKERS
PENSION PLAN A.

VACATION

WAGES-INCREASES:

ARTICLE NO,

SER ER EZR S* Bees

aR"

8

10
9

2

7)

j Ve mi

PAGE NO.

MAY 8 8 2009

ev


IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the
date first above written,

AMALGAMATED INDUSTRIAL UNION
LOCAL 76B AND ITS DIVISIONS
(Local 768 Division) of the IUE-CWA,

VITOBOB FURNITURE, INC.
Redacted by the U.S.
[Department of the Treasury

20



HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #8 -- NOT REDUCED
STATUS: BENEFICIARY RECEIVING SURVIVORSHIP BENEFITS

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $84.63.

e The participant had 27.2500 years of credited service under the Plan as of February 1,
2017.

© You will be age 75 and 2 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts). There is no reduction for participants or beneficiaries
over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $84.63.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


NOTICE OF A PROPOSED REDUCTION
OF YOUR PENSION BENEFITS
AND APPLICATION FOR PARTITION FOR THE
UNITED FURNITURE WORKERS PENSION FUND A

March 15, 2017

This notice is to inform you that, on’ February 28, 2017, the Board of Trustees of the United
Furniture Workers Pension Fund A (“Board of Trustees”) filed a complete application with the
Pension Benefit Guaranty Corporation (“PBGC”) requesting approval for a partition of the
United Furniture Workers Pension Fund A, 13-5511877, Plan 001 (“the Plan”). On March 15,
2017, the Board of Trustees submitted an application to the U.S. Treasury Department for
approval to reduce benefits under the Plan. This type of benefit reduction is allowed by the
Federal law called the Multiemployer Pension Reform Act of 2014, The reduction is to be
effective September 1, 2017 or such other date as may be established by the U.S. Treasury
Department. To request a copy of the applications please contact the Fund Office by-telephone 1-
615-889-8860 or by letter at 1910 Air Lane Drive; Nashville, TN 37210.

You are getting this notice because you have a pension benefit under, the Plan. Attached to this
notice is an individualized statement that describes the proposed reduction, if any, of your
monthly payments. This notice will also answer the following questions for you:

A. Benefit Reductions (“Suspension”):

Why is the Board of Trustees proposing to reduce benefits?

What will happen if the Plan runs out of money?

How did the Board of Trustées decide whose. benefits to reduce and by how much?
What are the proposed reductions in benefits?

What comes next?

YPeno

B. Partition

What is partition?

‘What are the rules for partition?

Why are partition and benefit reductions needed?

What is PBGC’s multiemployer plan guarantee?

How will I know when PBGC has made a decision on the application for partition?
_ How do I obtain information on the application for approval to reduce benefits?

AYPYNS


“AGREEMENT made os of the Ist day of Sentember, 1997, by and between the
AMALGAMATED INDUSTRIAL UNION LOCAL 76B AND ITS DIVISIONS (LOCAL

‘76B Division) of the International Union of Electronic, Electrical, Salaried, Machine and
Fumiture Workers, AFL-CIO, located at 150-47 Hillside Avenue, Jamaica, New York,
hereinafter referred to as the “UNION” and BAUERSCHMIDT & SONS, INC., located
at 119-20 Merrick Boulevard, Jamaica, New York hereinafter referred to as the
“EMPLOYER”.

WLITNESSETH:

‘The parties hereto in consideration of mutual promises, covenants and other good
valuable consideration, agree as follows;

HIRST: EMPLOYERS PARTICIPATION.

(e) This Agreement shall be binding upon the Union and the Employer and
each and every partner, if it is a partnership, and/or each officer and stockholder of a
corporation if it is @ corporation.

(b) The Employer obligates itself and each and every partner if it is a
partnership or each and every officer and stockholder of a corporation ifit is a
corporation that each will live up to in good faith the terms and provisions of this
Agreement and the Union obligates itself that it will live up to the terms and provisions
in this Agreement.

(©) The word ,“Employer”, whenever used in this Agreement is intended to
apply to cach Employer and the individuals connected therewith as stated in (a) and (b)
herein as same has been signatory to this Agreement.

SECOND: UNION RECOGNITION

‘The Eruployer hereby recognizes the Union as the sole and exclusive
representative and bargaining agent of all the employees of the said Employer engaged in
any and all work that may be necessary in the manufacture and assembly of furniture in
all of its branches and all other production work in its plant, excluding clerical help,
designers, artists, executives and supervisory employees. .

THIRD: UNION SECURITY.

(2) All present employees who are members of the Union shall maintain their
membership in good standing in the Union as a condition of continued employment
during the term of this Agreement,

(b) All present employees who are not members of the Union shall become
members of the Union thirty (30) days after the effective date of this Agreement or after

the execution of this Agreement, whichever is later, and stiall thereafter maintain their


below. Employees with less than 1200 clock hours worked are not eligible for the
attendance bonus. The following absences will not be charged as absences for the bonus

program:

Witness or Jury Duty
Funeral Leave (3 days)
Vacation / Holidays
Military Duty

Family Medical Leave

PRO op

Absences also include tardiness, The definition of tardiness is any part of an hour or hours
missed after your scheduled start time. Three days tardy, count as one day absent.

Times Clock Hours Worked Payment
Absences (1600 Hours Maximum) at Maximum
0 $ 0.125 $200
lto2 $ 0.0625 $100
5to4 $0.03 $ 50
5 $0.015 $ 25

4. Best Pravtice (hours per Piece) Ranking Bonus

The Company agrees to pay a $350.00 bonus to each hourly plant employee, for achieving
and sustaining the top two (2) (North American Bedding Plants) best practice rankings for a
period of six consecutive months (6). Should the plant achieve or sustain the rankings between
three (3) and five (5), (North American Bedding Plants) best practice rankings for a period of six
(6) consecutive months, the company shall pay a bonus of $100.00 to each hourly plant
employee. This payment shall be included in the first possible payroll; with the first payment(if
applicable) being made on October 1, 2008 and thereafter in the months of October and May for
the life of the contract.

FOR THE UNION FOR THE EMPLOYEER:

COMMUNICATION WORKERS OF SEALY MATTRESS COMPANY OF:
AMERICA/INTERNATIONAL UNION OF
ELECTRONIC, ELECTRICAL SALARIED

Redacted by the U.S. Department of the
Treasury

pA
Redacted by the U.S. Department of the
Treasury

DEC 84 201



HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #17 -- NOT REDUCED
STATUS: TERMINATED VESTED PARTICIPANT

Your monthly benefit would not change under the proposed reduction.
The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation: This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your accrued monthly benefit as of February 1, 2017 is $121.26.
e You have 12.3333 years of credited service under the Plan as of February 1, 2017.

e You will be age 67 as of September 30, 2017 (the last day of the month in which the
benefit reduction starts).

e Your benefit is not based on disability.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $121.26.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


UNITED FURNITURE WORKERS @ension Fund A

P.O. BOX 100037 TEL: 615-889-8860 1910 AIR LANE DRIVE DANA CARSTENSEN
HARRY BOOT NASHVILLE, TN 37224 — FAX: 615-391-0865 NASHVILLE, TN 37210 ELMO DE SILVA

chairman

DAVE MELAGRANO.
DIANA STRICKLAND

DEE ANNE WALKER ULISES VERGARA
Director

WEBSITE —
\wew.ufwip.com

March 15, 2017
Dear Pension Fund Participants, Pensioners Receiving Benefits and Terminated-Vested Participants:

As you may be aware from prior communications, the United Furniture Workers Pension Fund A has
experienced a significant decline in its funding status. The Pension Fund is now projected to become insolvent
by 2021, which means that at that time there will likely be insufficient funds available to pay monthly pension
benefits. The Board of Trustees of the Pension Fund has been working hard to improve the Plan’s funding
status and to avoid or delay this from occurring. If the Pension Fund were to become insolvent, your pension
benefit would be adjusted to the pension rate guaranteed by the Pension Benefit Guaranty Corporation
(“PBGC”), which could result in a reduction in your monthly pension benefit from the Plan.

By letter dated August 11, 2016, you were notified that after very careful consideration, the Board of Trustees
intended to file applications with the U.S. Department of Treasury and the PBGC for a joint Suspension of
Benefits and a Partition. The Board of Trustees has now determined that it is in the best interests of the
Pension Fund’s participants and beneficiaries _to withdraw those applications _and_submit_new
applications for a joint Suspension of Benefits and_a Partition, effective as of September 1, 2017. This
request is authorized by a recent federal law known as the Multiemployer Pension Reform Act of 2014. If
these applications are approved, then participants (including retirees) may experience a reduction in their
monthly pension benefit from the Plan. However, participants who are on a disability pension or who will
have attained the age of 80 as of September 30, 2017 (the “Protected Group”) will not have their pension
benefit reduced. Participants who will be between age 75 and_79 as of September 30, 2017 may be
subject to a partial reduction of their pension benefit.

The attached Notice gives you additional information about the Benefits Suspension and Partition process.
The Notice also contains an estimate of how your pension benefit is likely to be affected if there is a Benefits
Suspension and a Partition. Please read the attached Notice very carefully.

As described more fully in the attached Notice, if the Benefits Suspension is approved by the Treasury
Department and the Partition is approved by the PBGC, you will then have an opportunity to vote on the
matter. If that occurs, the Board will provide you with a full explanation as to why a Benefits Suspension and
a Partition of the Plan would be in the best interests of the participants and beneficiaries as a whole. If you
have any questions about this Notice please contact the Fund office by telephone at 1-615-889-8860, by letter
to the Fund office at 1910 Air Lane Drive, Nashville, TN 37210, or by email at ufw.pfa@ufwip.com.

USTED PUEDE RECIBIR UNA COPIA DE ESTE AVISO EN ESPANOL. SI ESA ES SU
PREFERENCIA, PUEDE HACERLO LLAMANDO A LA OFICINA DE EL FONDO DE PENSIONES
AL 1-615-889-8860 O SOLICITANDO UNA COPIA DE ESTE AVISO POR CORREO
ELECTRONICO A ufw.pfa@ufwip.com.

Fraternally and Sincerely yours,
Harry Boot, Chairman
UFW Pension Fund A Board of Trustees
Dana Carstensen Elmo DeSilva
Dave Melagrano — Diana Strickland
Ulises Vergara

CC: All Participating Employers (without benefit estimate)
All Participating Local Unions (without benefit estimate)


pre Cae

‘This Agreement shall become effective as of June 25, 2014, and shail expire on
June 24,2011. It shall be automatically renewed from year to year thereafler unless
modified or terminated by either party giving (o other not less than sixty (60) days written
notice, by registered mail, prior to the next termirintion date of its desine to modify or
terminate this Agreement. Should said sixty (60) days notice be given, joint conference
between the parties shall commence et least thirty (30) days before the termination date,

for negotiation purposes.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
signed by their proper officers.
AMALGAMATED INDUSTRIAL UNION
LOCAL 768 AND ITS DIVISIONS:
(LOCAL 768 Division) of the International
Union of Electronic, Electrical, Salaried,

Machine and Furniture Workers, AFL-CIO
Redacted by the U.S. Department
lof the Treasury

VIZIFLEX SEELS, INC,
Redacted by the U.S. Department
lof the Treasury

B



terms of this Agreement shall continue if effective thereafter until

either party gives to the other written notice of termination.

LOCAL LODGE NO. 1640 OF THE
INTERNATIONAL ASSOCIATION OF
AEROSPACE
DISTRICT

MACHINISTS AND
WORKERS, AFL-CIO,
711

Business Representative
Redacted by the U.S. Department of the
Treasury

Julia Stidhem
Ldcal Lodge Chief Steward

UNITED FURNITURE WORKERS

INSURANCE FUND AND UNITED
FURNITURE
FUND A

Redacted by the U.S. Department of the Treasury

WORKERS PENSION

Harry Boo oa
Chairman

rae

Secretary-Treasurer/Director


R@dacted by the U.S. De,

artment
iy



With the exception of the acts described below, I authorize my representatives to receive and inspect
my confidential information and to perform acts that 1 can perform with respect to the attached
Second Application for Approval of § 2017 submitted in
accordance with §432(e)(9) of the Code. For example, these representatives shall have the authority

to sign any agreements, consents or similar documents related to the Second Benefits Suspensic
Application Redacted by the U.S. Department of the Treasury

uspension of Benefits dated March 15

Harty Boot, Chattman
United Furniture Workers Pension Fund A
Board of Trustees

March __, 2017

Declaration of Representative:

e that:

Under penalties of perjury, by my signature below, I decls
¢ 1am not currently suspended or barred from practice before the Internal Revenue Service;

¢ | am authorized to represent the Applicant for the matters specified in this Power of
\ttorney and Decla

ation of Representative; and

® Tam an attorney and member in good stan

Department

Redacted by ‘the U.
lof the Treasury

Kyle Flaherty, Esq,
Bryan Cave LLP
March 7, 2017

Declaration of Representative:

Under penalties of perjury, by my signature below, | declare that

¢ [am not currently suspended or barred from practice before the Internal Revenue Service;

* 1am authorized to tepresent the Applicant for the matters

pecified in this Power of
Attorney and Declaration of Representative; and

¢ {am (a) an enrolled actuary — enrolled as an actuary by the Joint Board for the Enrollment of

Actuaries under 29 U.S.C, 1242 (the authority to practice before the Internal Revenue
Service is limited by section 10.3(d) of ERE by the U.S. Department of the Treasury

Chris

an Benjaminson
Cheiron
h 2, 2017



HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #4 -- REDUCED
STATUS: ALTERNATE PAYEE RECEIVING A PORTION OF YOUR
FORMER SPOUSE'S BENEFIT

Your current monthly benefit is $244.96. Under the proposed reduction your monthly benefit
will be reduced to $228.15 beginning September 1, 2017.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $244.96,

e Your former spouse had 22.7500 years of credited service under the Plan as of February
1; 2017.

e You will be age 62 and 11 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts), There is no reduction for participants or beneficiaries

over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $207.41.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.


MAY 0.4 Jota

Agreement
STEINWAY & SONS
WITH

LOCAL 81102, FW.
1.U.E.-C.W.A, A.BL., C.1.0.

Pe

JANUARY 1, 2016



AGREEMENT
BETWEEN
THE SIMMONS MANUFACTURING COMPANY, LLC
AND

INTERNATIONAL UNION OF ELECTRONIC, ELECTRICAL,
SALARIED, MACHINE & FURNITURE WORKERS AND
COMMUNICATIONS WORKERS OF AMERICA, AFL-CIO

LOCAL 89262 FW
APRIL 1, 2011
TO

MARCH 31, 2016

JAN
Sa,

i.

DEC 84 2012

As bid UF Pe


AGREEMENT
BETWEEN

SEALY MATTRESS COMPANY OF NEW JERSEY,

cand -

" AMALGAMATED INDUSTRIAL UNION
LOCAL 76B AND ITS DIVISIONS

INTERNATIONAL UNION OF ELECTRICAL WORKERS, AFL-CIO

May 1, 2014- April 30, 2018

kok ee

INDEX
DESCRIPTION . ARTICLE NO. PAGE
DURATION 25 21
EMPLOYER WORKING 13 8
ESTABLISHMENT OF NEW CLASSIFICATIONS 22 18
GRIEVANCE AND ARBITRATION 14 9
HOLIDAYS. 8 5
INCENTIVE STANDARDS 21 17
INSURANCE 19 14
JOB POSTINGS 23 19
LEAVES OF ABSENCE 18 13
MANAGEMENT PREROGATIVES 1 1
METHOD OF PAYMENT 4 4
MILITARY SERVICE 15 10
MISCELLANEOUS 24 19
NO STRIKES OR LOCKOUT 10 7
OVERTIME-REST PERIOD 5 4
PENSION 20 15
REPORTING PAY 6 5
SENIORITY i7 12
SHOP CHAIRMAN - SHOP COMMITTEE 1 8
TRIAL PERIOD AND DISCHARGE 9 6
UNION LABEL ‘ 15 10
UNION RECOGNITION, UNION SECURITY & CHECKOFF 2 7 2
VACATION , 16 11
VISITATION RIGHTS 12 8
WAGES 7 5
WORK WEEK. 3 3

APPENDIX A WAGE INCREASES
APPENDIX B WAGE RATES


ARTICLE 25. DURATION

This Agreement shall become operative on the first day of May 2014, and shall continue
in full force and effect up to and including the 30th day of April, 2018 and shall automatically
renew itself for an additional period of one (1) year unless either party gives to the other sixty
(60) days notice in writing prior to the expiration date of the Agreement, of its intention to
terminate the same on the expiration date.

In the event such notice of termination is given by either party herein, it is understood and
agreed that i committee of the Union and the Employer shal] meet no later than ten (10) days
following receipt of such notice of termination to discuss and mutually endeavor to agree as 10

the terms and conditions of an Agreement to be made for the ensuing years by the parties,

IN WITNESS WHEREOF, the parties have set their hands and seals and cause these

presents to be executed by their duly authorized officers this_[ 3h day of Jywe , 2014,

SEALY MATTRESS COMPANY OF AMALGAMATED INDUSTRIAL UNION

NEW JERSEY, INC. LOCAL 76B, AFL-CIO ‘and its Division,
Redacted by the U.S. Department of the

Treasury

Redacted by the U.S. Department of the
Treasury

ai


HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED
IN THE UNITED FURNITURE WORKERS PENSION FUND A

This estimate of the effect of the proposed reduction of benefits has been prepared for:

NAME: SAMPLE #7 -- REDUCED
STATUS: BENEFICIARY RECEIVING SURVIVORSHIP BENEFITS

Your current monthly benefit is $328.43. Under the proposed reduction your monthly benefit
will be reduced to $324.08 beginning September 1, 2017.

The proposed reduction is permanent.

This is an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not
a final benefit calculation. This was done assuming that the proposed benefit reduction starts on
September 1, 2017. If the benefit reduction starts later, the effect of the proposed reduction on
your benefit might be different.

This estimate is based on the following information from Plan records:

e Your current monthly benefit as of February 1, 2017 is $328.43.

e The participant had 17.0833 years of credited service under the Plan as of February 1,
2017.

e You will be age 76 and 3 months as of September 30, 2017 (the last day of the month in
which the benefit reduction starts). There is no reduction for participants or beneficiaries
over age 80 and reductions are limited for participants or beneficiaries between ages 75
and 80.

e You did not retire under a Disability Award Pension.

In the event that the proposed suspension is approved, the actual effect of the suspension on you
may be different than the amounts in this notice due to additional work history, changes in status
as an active, terminated or retired participant, changes in marital status, and approval of a new
QDRO or changes to an existing QDRO.

PBGC Guaranteed Benefits

If the Plan does not have enough money to pay benefits, your monthly benefit would be no larger
than the amount guaranteed by PBGC. The amount of your monthly benefit guaranteed by
PBGC is estimated to be $293.30.

Plan Office Contact Information
If you believe the information used to calculate your estimate is wrong, please contact the Plan
office at 1910 Air Lane Drive, Nashville, TN 37210, (615) 889-8860.