WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS 

PENSION FUND 

SUSPENSION APPLICATION 

Exhibit 8 

Sample Notices 

File 8 Ex 8, Sample Notices 0001
NOTICE OF A PROPOSED REDUCTION OF YOUR PENSION BENEFITS WITH THE 

WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND

MPRA NOTICE 

On September 24, 2018, the Board of Trustees of the Western Pennsylvania Teamsters and Employers 

Pension Fund (“Plan”) submitted an application to the U.S. Treasury Department for approval to reduce 

benefits under the Plan on a proposed effective date of August 1, 2019. This type of benefit reduction is 

allowed by the Federal law called the Multiemployer Pension Reform Act of 2014 (“MPRA”). This 

Notice explains the timetable and procedures between the filing of the application through the proposed 

effective date of benefit reductions. 

You are getting this notice because you have a pension benefit under the Plan. THE END OF THIS 

NOTICE DESCRIBES THE PROPOSED REDUCTION OF YOUR MONTHLY PAYMENTS. If 

your benefit is not subject to the proposed reduction, that fact will be stated at the end of this Notice. (A 

version of this notice that does not include the estimate of the effect on your benefit is being sent to unions 

that represent Plan participants and to all contributing employers.) 

This Notice will also answer the following questions for you— 

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

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

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

4. What are the proposed reductions in benefits? 

5. What comes next? 

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

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

pay benefits in the year 2029. 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, the plan should not run out of money. 

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

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

Benefit Guaranty Corporation (“PBGC”) will be paid. You can find the amount of your benefit that is 

guaranteed by PBGC at the end of this notice. 

3. 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— 

 The total reduction in everybody’s benefits must be estimated to be large enough to keep the plan 

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

 Your monthly benefit and the benefit of your beneficiary cannot be reduced below 110% of the 

amount guaranteed by PBGC. 

Western Pennsylvania

Teamsters And Employers Pension 

900 Parish Street, Suite 10    Pittsburgh, PA 15

(412) 362-4200 • Toll Free (800) 362-4201 • Fax (412) 362-313

Email: contactus@wpapensionfund.com • Website: http://www.wpapensionfund.co

1 

NOTICE OF A PROPOSED REDUCTION OF YOUR PENSION BENEFITS WITH THE 

WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND

MPRA NOTICE 

On September 24, 2018, the Board of Trustees of the Western Pennsylvania Teamsters and Employers 

Pension Fund (“Plan”) submitted an application to the U.S. Treasury Department for approval to reduce 

benefits under the Plan on a proposed effective date of August 1, 2019. This type of benefit reduction is 

allowed by the Federal law called the Multiemployer Pension Reform Act of 2014 (“MPRA”). This 

Notice explains the timetable and procedures between the filing of the application through the proposed 

effective date of benefit reductions. 

You are getting this notice because you have a pension benefit under the Plan. THE END OF THIS 

NOTICE DESCRIBES THE PROPOSED REDUCTION OF YOUR MONTHLY PAYMENTS. If 

your benefit is not subject to the proposed reduction, that fact will be stated at the end of this Notice. (A 

version of this notice that does not include the estimate of the effect on your benefit is being sent to unions 

that represent Plan participants and to all contributing employers.) 

This Notice will also answer the following questions for you— 

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

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

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

4. What are the proposed reductions in benefits? 

5. What comes next? 

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

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

pay benefits in the year 2029. 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, the plan should not run out of money. 

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

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

Benefit Guaranty Corporation (“PBGC”) will be paid. You can find the amount of your benefit that is 

guaranteed by PBGC at the end of this notice. 

3. 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— 

 The total reduction in everybody’s benefits must be estimated to be large enough to keep the plan 

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

 Your monthly benefit and the benefit of your beneficiary cannot be reduced below 110% of the 

amount guaranteed by PBGC. 

File 8 Ex 8, Sample Notices 0002
2 

 If applicable, the portion of your benefit that was payable as a Disability benefit (as defined under 

the Plan) cannot be reduced. 

 The benefits of people who are at least 80 years old on August 31, 2019 and their beneficiaries 

cannot be reduced.

 The benefits of people who are at least 75 years old on August 31, 2019 and their beneficiaries 

are partially protected, and the closer the person is to age 80 the less the benefits can be reduced. 

 The reduction of benefits must be spread fairly among the people who have a pension benefit 

under the plan.

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

following factors: 

 The type of benefit (for instance all participants earn benefits under a unit multiplier accrued 

benefit or, if applicable, a greater amount determined under a Special Benefit Level);

 Age;

 Length of service combined with amount of benefit; 

 Status of Participant (active at Top Tier contribution level, active, inactive or retired); 

 History of benefit increases and reductions; 

 The extent to which active participants are likely to withdraw support for the Plan, for example; 

o The Plan receives approximately two thirds of its annual contributions from 

approximately one third of the participants whose employers contribute at the Top Tier 

contribution level (as identified for preservation of Special Benefit Level accruals under 

the Funding Improvement Plan by having attained a weekly contribution rate of at least 

$225 as of December 31, 2008, and increased as required under the Rehabilitation Plan); 

o The future solvency of the Plan depends substantially on the continued participation of 

Top Tier contribution level participants and their employers, whose negative reaction to 

benefit reductions would likely result in a withdrawal of support for the Plan and prompt 

future withdrawals; 

o The expressed interest of the Top Tier groups to maintain the $3,500 Monthly 30-AndOut Benefit level without reduction. 

4. What are the proposed reductions in benefits? 

The Board of Trustees proposes the following reduction of benefits: 

 For retirees and beneficiaries in pay status as of January 1, 2018, a 30% reduction of 

benefits; 

2 

 If applicable, the portion of your benefit that was payable as a Disability benefit (as defined under 

the Plan) cannot be reduced. 

 The benefits of people who are at least 80 years old on August 31, 2019 and their beneficiaries 

cannot be reduced.

 The benefits of people who are at least 75 years old on August 31, 2019 and their beneficiaries 

are partially protected, and the closer the person is to age 80 the less the benefits can be reduced. 

 The reduction of benefits must be spread fairly among the people who have a pension benefit 

under the plan.

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

following factors: 

 The type of benefit (for instance all participants earn benefits under a unit multiplier accrued 

benefit or, if applicable, a greater amount determined under a Special Benefit Level);

 Age;

 Length of service combined with amount of benefit; 

 Status of Participant (active at Top Tier contribution level, active, inactive or retired); 

 History of benefit increases and reductions; 

 The extent to which active participants are likely to withdraw support for the Plan, for example; 

o The Plan receives approximately two thirds of its annual contributions from 

approximately one third of the participants whose employers contribute at the Top Tier 

contribution level (as identified for preservation of Special Benefit Level accruals under 

the Funding Improvement Plan by having attained a weekly contribution rate of at least 

$225 as of December 31, 2008, and increased as required under the Rehabilitation Plan); 

o The future solvency of the Plan depends substantially on the continued participation of 

Top Tier contribution level participants and their employers, whose negative reaction to 

benefit reductions would likely result in a withdrawal of support for the Plan and prompt 

future withdrawals; 

o The expressed interest of the Top Tier groups to maintain the $3,500 Monthly 30-AndOut Benefit level without reduction. 

4. What are the proposed reductions in benefits? 

The Board of Trustees proposes the following reduction of benefits: 

 For retirees and beneficiaries in pay status as of January 1, 2018, a 30% reduction of 

benefits; 

1 

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

 The total reduction in everybody’s benefits must be estimated to be large enough to keep the plan 

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

 Your monthly benefit and the benefit of your beneficiary cannot be reduced below 110% of the 

amount guaranteed by PBGC. 

File 8 Ex 8, Sample Notices 0003
3 

 For participants who are not in active covered employment and beneficiaries not yet in 

pay status, a 30% reduction for benefits earned through December 31, 2017; 

 For active participants in covered service as of January 1, 2018; 

o a freezing of the 25 year $1,500/$2,000/$2,500 Monthly and the 30 year 

$2,000/$2,500/$3,000 Monthly Special Benefits at pro rata levels based on 

service as of December 31, 2017; 

o a 30% reduction of the unit multiplier based accrued benefit, and if eligible, the 

25 year $1,500/$2,000/$2,500 Monthly and the 30 year $2,000/$2,500/$3,000 

Monthly based accrued benefits earned through December 31, 2017; 

o benefits under the $3,500 Monthly 30-And-Out Benefit will not be reduced as a 

result of this suspension and will continue in the future for Top Tier participants 

(notwithstanding this limitation, the portion of this benefit earned on and after 

August 1, 2008 will continue to be subject to reduction for early retirement and 

reduction for conversion to another form of annuity). 

The proposed reduction will remain in effect indefinitely and will become effective without a phase-in. 

The proposed reduction would enable the Plan to avoid insolvency which is projected to occur in 2029 

without the proposed reduction. 

5. What comes next? 

Approval or denial of the application by the Treasury Department 

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

under Federal law. If the application meets all of those requirements, the Treasury Department is required 

to approve the application. If the application does not meet the legal requirements, the Treasury 

Department will deny the application. The Treasury Department will have 225 days, until May 7, 2019, 

to make a decision. 

You can get information from the Treasury Department 

More information about the proposed benefit reductions and a copy of the application will be available at 

www.treasury.gov/mpra. 

The application will be available on that website within 30 days after the Treasury Department receives it. 

The application includes more information about the proposed reduction, including details about: (1) the 

Plan actuary’s certification that the Plan will run out 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 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 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. 

File 8 Ex 8, Sample Notices 0004
4 

The Treasury Department website will also provide updated information on the application, such as 

whether the application has been 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 1204 

1500 Pennsylvania Avenue, NW

Washington, DC 20220 

You can comment on the application to reduce benefits 

You will be able to submit a comment on the application by going to www.treasury.gov/mpra. Comments 

may also be mailed to the Treasury Department at the address listed above. All interested parties can 

make comments, and the comments will be publicly available. 

Retiree Representative 

Since the Plan has 10,000 or more participants, the Board of Trustees was required to select a retiree 

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

part of this process. The Plan is required to pay the reasonable expenses of the retiree representative. 

On April 11, 2017, the Board of Trustees selected William Lickert, Jr. to be the retiree representative. He 

is a retiree currently receiving benefits under the Plan and is not a member of the Board of Trustees. Mr. 

Lickert has hired legal counsel and an actuarial consultant who have been assisting him in his role. 

Participants and beneficiaries may contact Mr. Lickert by either email bill@wpatrr.com, phone 724-382-

4956; or fax: 724-382-4966. Mr. Lickert maintains a website at www.wpatrr.com. 

Vote on the proposed benefit reduction 

If the application for the proposed reduction of benefits is approved by the Treasury Department, then you 

will have the opportunity to vote on the proposed reduction. 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. 

The Board of Trustees does not know whether the Plan is a “systemically important plan” as defined by 

MPRA (generally meaning that PBGC would have an obligation of more than $1,000,000,000 if the Plan 

became insolvent). If such a determination is made and in the event a majority of all participants and 

beneficiaries of the Plan vote to reject the reduction, the Treasury Department is nevertheless permitted to 

allow the proposed benefit reduction (or a modified version) to take effect. Before the Treasury 

Department permits a reduction in this circumstance, PBGC’s Participant and Plan Sponsor Advocate 

may recommend possible modifications to the proposed reduction. 

You may contact PBGC’s Participant and Plan Sponsor Advocate regarding such a modification by mail 

at Pension Benefit Guaranty Corporation, Attn: Participant and Plan Sponsor Advocate, 1200 K St., NW, 

Washington DC 20005; by telephone at (202) 326-4448; or by e-mail at advocate@PBGC.gov. 

File 8 Ex 8, Sample Notices 0005
5 

Your right to see Plan documents

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

to your benefits. The Plan administrator must respond to your request for the following documents within 

30 days: 

 The Plan document (including any amendments adopted to reflect an authorized reduction of 

benefits), trust agreement, and other documents governing the Plan (such as collective bargaining 

agreements). 

 The Plan’s most recent summary plan description (SPD or plan brochure) and any summary of 

material modifications. 

 The Plan’s Form 5500 annual reports, including the accountant’s report and audited financial 

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

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

 Actuarial reports, including reports prepared in anticipation of the benefit reduction, furnished to 

the Plan within the last six years. 

 The Plan’s current rehabilitation plan, including contribution schedules, and, if the proposed 

benefit reduction goes into effect, annual plan-sponsor determinations that all reasonable 

measures to avoid running out of money continue to be taken and that the Plan would run out of 

money if there were no benefit reductions. 

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

manager, fiduciary, or other advisor and furnished to the Plan within the last six years. 

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

documents, but cannot charge more than 25 cents per page. The Plan’s Form 5500 Annual Return/Report 

of Employee Benefit Plan is also available free of charge at 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 

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.

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

contact the Plan office at Western Pennsylvania Teamsters and Employers Pension Fund, 900 Parish 

Street, Suite 101, Pittsburgh, PA 15220, 412-362-4200, 800-362-4201 (toll free), fax 412-363-4201 

ContactUs@wpapensionfund.com.

File 8 Ex 8, Sample Notices 0006
WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND

PARTICIPANT IN PAY STATUS WITH BENEFIT REDUCTION

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

• <<NAME>>

• <<ADDRESS>>

• <<CITY, STATE, ZIP>>

Prior to the proposed reduction in benefits, your monthly benefit in pay status on January 1, 2018 according to Plan 

records is $3,370.79. If your status remains unchanged, that amount will continue to be paid to you through the 

month of July 2019. Under the proposed reduction your monthly benefit will be reduced to $2,359.55 beginning on 

August 1, 2019.

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 estimate was prepared assuming that the proposed benefit reduction starts on August 1, 2019. 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 as of January 1, 2018:

• You had earned 29.66 years of service prior to commencing benefits and are assumed to not have earned 

additional service after December 31, 2017.*

• You will be 63 years and 9 month(s) as of August 31, 2019.* *

• The portion of your benefit that is based on disability is $0.00.

* In the event the proposed suspension is approved, the actual effect of the suspension on you may be different from 

the estimate if you earned additional service after December 31, 2017, or there is a new Qualified Domestic Relations

Order (“QDRO”) or changes to an existing QDRO, or if your status changes. If you are receiving this notice as an 

alternate payee under a QDRO, the service shown is that of the participant.

** If you are an alternate payee under a Shared Payment QDRO, the age reflects the participant’s age.

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 $1,060.35.

File 8 Ex 8, Sample Notices 0007
WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND

DISABILITY PAY STATUS WITH STEP-UP AT NORMAL RETIRMENT AGE

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

• <<NAME>>

• <<ADDRESS>>

• <<CITY, STATE, ZIP>>

Prior to the proposed reduction in benefits, your monthly benefit in pay status on January 1, 2018 according to Plan 

records of $221.48 was entirely comprised of the Plan’s disability benefit. If your status remains unchanged, that 

amount will continue to be paid to you and will not be reduced. If you start receiving your benefit on your earliest 

normal retirement date February 1, 2026 in the form of a straight life annuity, your monthly benefit without the 

proposed reduction would be $853.36. The proposed reduction applies to your accrued benefit earned through 

December 31, 2017, minus the amount received under the disability benefit provisions of the Plan. Under the 

proposed reduction your monthly benefit will be reduced to $663.80 beginning on your earliest normal retirement 

date.

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 estimate was prepared assuming that the proposed benefit reduction starts on August 1, 2019. 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 as of January 1, 2018:

• You had earned 10.89 years of service prior to commencing benefits and are assumed to not have earned 

additional service after December 31, 2017.*

• You will be 53 years and 6 month(s)>> as of August 31, 2019.* *

• The portion of your benefit that is based on disability is $221.48.

* In the event the proposed suspension is approved, the actual effect of the suspension on you may be different from 

the estimate if you earned additional service after December 31, 2017, or there is a new Qualified Domestic Relations

Order (“QDRO”) or changes to an existing QDRO, or if your status changes. If you are receiving this notice as an 

alternate payee under a QDRO, the service shown is that of the participant.

** If you are an alternate payee under a Shared Payment QDRO, the age reflects the participant’s age.

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 $389.32.

File 8 Ex 8, Sample Notices 0008
WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND

PARTICIPANT NOT IN PAY STATUS AND BELOW NORMAL RETIREMENT AGE

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

• <<NAME>>

• <<Address>>

• <<Town, State, Zip>>

While the proposed reduction applies to your accrued benefit earned through December 31, 2017, this Notice is 

required to show you the impact of the reduction to your benefits that are earned through July 31, 2019. On that 

basis, if you start receiving your benefit on your earliest normal retirement date February 2, 2021 in the form of a 

straight life annuity, your monthly benefit without the proposed reduction would be $1,055.51. Under the proposed 

reduction your monthly benefit will be reduced to $738.86 beginning on August 1, 2019.

1

 

2

 

The proposed reduction is permanent.

This is just an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit 

calculation. This estimate was prepared assuming that the proposed benefit reduction starts on August 1, 2019. If 

the benefit reduction starts later, the effect of the proposed reduction on your benefit might be different. This 

estimate, shown both before and after reduction, is based on the presumption that if you were in covered service on 

January 1, 2018 you will continue to work for your current employer earning additional benefit accruals through 

July 31, 2019. If your actual work pattern differs from this presumption, your actual benefits as of July 31, 2019 

may be different. Plan records as of January 1, 2018, plus any presumed additional service through July 31, 2019

shows:

• You had earned, or are presumed to have earned, 12.49 years of service as of July 31, 2019.* *

• You will be 58 years and 6 month(s) as of August 31, 2019. * *

• The portion of your benefit that is based on disability is $ 0.00.

* This is just an estimate based on Plan records as of January 1, 2018. In the event the proposed suspension is approved 

the actual effect of the suspension on you may be different. The actual amount you receive will depend on things like 

how long you work and when you begin receiving payments, as well as any new Qualified Domestic Relations Order 

(“QDRO”), changes to an existing QDRO, or if your status changes. If you are receiving this notice as an alternate 

payee under a QDRO, the service shown is that of the participant.

* * If you are an alternate payee under a shared payment QDRO, the age reflects the participant’s age.

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 $446.52.

 

1Your earliest normal retirement date refers to the normal retirement age when you first earned service under the 

Plan (age 60 prior to August 1, 2008, age 62 between August 1, 2008 and February 1, 2011 and age 65 on and after 

February 1, 2011).

2

If you are a participant who is bound by a QDRO which specifies an amount payable to an alternate payee, this 

estimated monthly benefit amount reflects an offset for any amounts being paid to an alternate payee, or estimated to 

be due at some future commencement date. These numbers are just estimates. The actual amount you will receive 

depends on many factors. If you are an alternate payee, an estimate of your projected benefit appears here if it can 

be calculated based on the terms of the QDRO.

File 8 Ex 8, Sample Notices 0009
WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND

PARTICIPANT NOT IN PAY STATUS AND ABOVE NORMAL RETIREMENT AGE

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

• <<NAME>>

• <<Address>>

• <<Town, State, Zip>>

While the proposed reduction applies to your accrued benefit earned through December 31, 2017, this Notice is 

required to show you the impact of the reduction to your benefits that are earned through July 31, 2019. On that 

basis, if you start receiving your benefit in the form of a straight life annuity, your monthly benefit without the 

proposed reduction would be $310.83. Under the proposed reduction your monthly benefit will be reduced to 

$287.68 beginning on August 1, 2019.

1

 

The proposed reduction is permanent.

This is just an estimate of the effect of the proposed reduction on your benefit under the Plan. It is not a final benefit 

calculation. This estimate was prepared assuming that the proposed benefit reduction starts on August 1, 2019. If 

the benefit reduction starts later, the effect of the proposed reduction on your benefit might be different. This 

estimate, shown both before and after reduction, is based on the presumption that if you were in covered service on 

January 1, 2018 you will continue to work for your current employer earning additional benefit accruals through 

July 31, 2019. If your actual work pattern differs from this presumption, your actual benefits as of July 31, 2019 

may be different. Plan records as of January 1, 2018, plus any presumed additional service through July 31, 2019

shows:

• You had earned, or are presumed to have earned, 10.33 years of service as of July 31, 2019.* *

• You will be 70 years and 1 month(s)>> as of August 31, 2019. * *

• The portion of your benefit that is based on disability is $ 0.00.

* This is just an estimate based on Plan records as of January 1, 2018. In the event the proposed suspension is approved 

the actual effect of the suspension on you may be different. The actual amount you receive will depend on things like 

how long you work and when you begin receiving payments, as well as any new Qualified Domestic Relations Order 

(“QDRO”), changes to an existing QDRO, or if your status changes. If you are receiving this notice as an alternate 

payee under a QDRO, the service shown is that of the participant.

* * If you are an alternate payee under a shared payment QDRO, the age reflects the participant’s age.

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 $261.53.

 

1

If you are a participant who is bound by a QDRO which specifies an amount payable to an alternate payee, this 

estimated monthly benefit amount reflects an offset for any amounts being paid to an alternate payee, or estimated to 

be due at some future commencement date. These numbers are just estimates. The actual amount you will receive 

depends on many factors. If you are an alternate payee, an estimate of your projected benefit appears here if it can 

be calculated based on the terms of the QDRO.

File 8 Ex 8, Sample Notices 0010
WESTERN PENNSYLVANIA TEAMSTERS AND EMPLOYERS PENSION FUND

NO BENEFIT REDUCTION

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

• <<NAME>>

• <<Address>>

• <<Town, State, Zip>>

YOUR BENEFIT IS NOT AFFECTED BY THE PROPOSED BENEFIT REDUCTION.

Your current benefit, or the benefit we estimate you will have earned by August 1, 2019, of $147.47 will not change 

under the proposed reduction on August 1, 2019. This is because the law exempts you from the proposed reduction 

if you will be age 80 on or before August 31, 2019, or if your benefit is less than 110% of the PBGC guaranteed 

benefit amount.

1 2

 This estimate is based on the presumption that if you were in covered service on January 1, 2018 

you will continue to work for your current employer earning additional benefit accruals through July 31, 2019. If 

your actual work pattern differs from this presumption, your actual benefit as of July 31, 2019 may be different.

This estimate is based on the following information from Plan records as of January 1, 2018:

• You had earned, or are presumed to have earned, 16.24 years of credited service as of July 31, 2019.* *

• You will be 64 years and 1 month(s)>> as of August 31, 2019.* *

• The portion of your benefit that is based on disability is $0.00.

* In the event the proposed suspension is approved, the actual effect of the suspension on you may be different from 

the estimate due to a new Qualified Domestic Relations Order (“QDRO”), changes to an existing QDRO, or if your 

status changes. If you are receiving this notice as an alternate payee under a QDRO, the service shown is that of the 

participant.

* * If you are an alternate payee under a shared payment QDRO, the age reflects the participant’s age.

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 $147.47.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work, 

the normal retirement age applicable when you worked, when you begin receiving payments, and if you take your 

benefits in a different form, or if your status changes. Your earliest normal retirement date refers to the normal 

retirement age when you first earned service under the plan (age 60 prior to August 1, 2008, age 62 between August 

1, 2008 and February 1, 2011 and age 65 on and after February 1, 2011).

2

If you are a participant who is bound by a QDRO which specifies an amount payable to an alternate payee, this 

estimated monthly benefit amount reflects an offset for any amounts being paid to an alternate payee, or estimated to 

be due at some future commencement date. These numbers are just estimates. The actual amount you will receive 

depends on many factors. If you are an alternate payee, an estimate of your projected benefit appears here if it can 

be calculated based on the terms of the QDRO.

File 8 Ex 8, Sample Notices 0011