MICHIGAN REGIONAL COUNCIL OF CARPENTERS' 

FRINGE BENEFIT FUNDS 

P.O. Box 4540 • Troy, MI 48099-4540 

Pension Member Support Line • Telephone: (877) 631-MPRA or (877) 631-6772 

NOTICE OF APPLICATION BY THE CARPENTERS PENSION TRUST FUND -

DETROIT & VICINITY FOR APPROVAL OF A PROPOSED REDUCTION OF BENEFITS 

NOTICE OF A PROPOSED REDUCTION OF YOUR 

CARPENTERS PENSION TRUST FUND BENEFITS 

On or before September 30, 2019, the Board ofTrnstees of the Carpenters Pension Trnst Fund, Detroit & Vicinity 

("the Pension Fund" or "Fund") will submit an application to the U.S. Treasmy Department for approval to reduce 

benefits under the Pension Fund's pension plan. This type of benefit reduction is allowed by the federal law called 

the Multiemployer Pension Ref01m Act of 2014 ("MPRA"). 

You are getting this notice because you have a pension benefit under the plan. A separate statement enclosed 

with this notice describes the proposed reduction of your monthly payments. 1 

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 Pension Fund runs out of money? 

3. How did the Board of Trustees decide to reduce benefits 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 Fund's actuary estimates that, unless benefits are reduced, the Fund will not have enough money to pay 

benefits in about 15 years. This estimate is based on how much money the actuary expects the Fund to receive and 

pay out each year. The Fund's actuaiy has estimated that, with the reduction of benefits that the Board ofTrnstees 

has proposed, the Fund should not rnn out of money. 

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

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

Guaranty Corporation ("PBGC") will be paid. A separate statement enclosed with this notice describes the 

amount of your individual benefit that is guaranteed by PBGC. 

1 A version of this notice that does not include the estimate of the effect on your benefit is being sent to the Local Union that represents 

Pension Fund paiticipants and to all of the employers who make contributions to the Pension Fund. 

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2

3. How did the Board of Trustees decide which 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 Fund from

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

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

guaranteed by PBGC (this is also called “the MPRA guaranteed amount”).

●	 Disability benefits (as defined under the Fund’s plan document) cannot be reduced.

●	 The benefits of peoplewho are atleast 80 years old on July 31, 2020 and their beneficiaries cannot be reduced.

	 ●	 The benefits of people who are at least 75 years old on July 31, 2020 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 Fund.

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

	 ●	 The length of time that participants benefits have been in pay status.

●	 The amount of benefits that have been accrued.

●	 The extent to which participants have received benefits that were subsidized by the plan.

●	 The extent to which participants have received post-retirement benefit increases.

●	 The Fund’s history of benefit increases and reductions for participants and beneficiaries.

●	 The extent to which active participants may reasonably be expected to withdraw support for the plan, and

the likelihood that as a result there may be an acceleration in employer withdrawals.

	 ●	 Any differences between active and retiree benefits.

After considering the above factors, the Trustees ultimately decided on the following plan of benefit reductions.

4. What are the proposed reductions in benefits?

The Board of Trustees proposes the following reduction of benefits:

	 ●	 Any portion of any participant’s benefit that accrued after plan year 2007 (which was the year that the

Fund’s accrual rate was reduced to 1%) will be unaffected (no reduction).

●	 For currently active participants (and their beneficiaries and alternate payees), that portion of their benefit

that accrued prior to plan year 2007 will be reduced by 16%.

●	 For retired participants (and their beneficiaries and alternate payees), that portion of their benefit that

accrued prior to plan year 2007 will be reduced by 16%.

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	 ●	 For deferred vested participants (and their beneficiaries and alternate payees), that portion of their benefit

that accrued prior to plan year 2007 will be reduced by 26%.

In determining to reduce benefits as described above, the Board of Trustees took into consideration the history 

of the Fund’s formula for benefit accruals (percentage of credited contributions). That history is summarized

as follows:

For current active participants the historical benefit accrual rates are:

Time Period Multiplier

Before 5/1/2004 4.3%

5/1/2004 – 4/30/2007 3.0%

5/1/2007 - 1.0%

For deferred vested participants who left the Fund prior to 5/1/2004, the historical accrual rates are:

Plan Year Beginning 5/1: Original Formula

Before 1976 2.75% of contributions, but not less than $35 per month or more that $650 per

month*

1977 – 1978 2.75% of contributions, but not less than $35 per month or more than $800 per

month*

1979 2.75% of the first $15,000 of contributions plus 3% of contributions in excess of

$15,000, but not less than $35 per month or more than $900 per month*

1980 – 1983 2.6%*

1984 2.9%*

1985 3.2%*

1986 3.4% (3.2% for plan years before 1985)

1987 – 1988 3.6% (3.4% for plan years before 1985)

1989 3.7% (3.4% for plan years before 1985)

1990 – 1991 3.85%

1992 – 1996 3.9%

1997 – 2003 4.3%

*

Not less than 3.5% of the first $4,300 of total contributions plus 1.5% of the remaining contributions 

participant on 4/30/1969.

In order to fairly apply the reductions described here, the Board of Trustees have proposed dividing the Fund’s 

participants into the following “groups” and “subgroups”:

The main groups will be:

Group Description

A Active participant

B Deferred vested participant 

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C Retiree (including beneficiaries and alternate payees) who entered pay status 

between 9/1/2008 – 8/1/2013 and had a benefit reduction on 8/1/2013

D Current or prior disability retiree who benefited under the 2016 class action

settlement

E Retiree or disabled retiree not included in groups C or D

The subgroups will be:

Sub Group Description

1 Pre – 5/1/2007 accruals only

2 Post – 5/1/2007 accruals only

3 Both Pre – and Post – 2007 accruals

Enclosed with this notice is an individualized statement that describes the impact of proposed reduction 

on YOUR monthly payments. That statement will identify you as being within a group and subgroup. For 

example, you may be an active participant who accrued a benefit by performing covered work both before 

and after May 1, 2007, which means that you are in group A3, and that portion of your benefit that was 

accrued prior to May 1, 2007 is subject to a 16% reduction, and the portion accrued after May 1, 2007 will 

not be reduced at all.

The proposed reduction will remain in effect indefinitely. The benefit reduction is expected to stabilize the Fund

and keep it solvent. This expectation is based on a number of assumptions – such as projected future work hours, 

contribution rates, and investment returns. Even with these and other assumptions carefully considered, it is 

possible that the reduction may not work as intended.

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 the legal 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 from the date the Pension Fund submits its application 

to complete its review. If the application is granted, approved, and adopted the proposed suspension will take 

effect July 1, 2020.

You can get more 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, within thirty (30) days after the Treasury Department receives it. The application includes 

more information about the proposed reduction, including details about (1) the Fund actuary’s certification that 

the Fund will run out of money (that is, that the Fund is in a “critical and declining status”); (2) how the proposed 

reduction would satisfy the requirement that it be large enough so that the Fund is estimated to not 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 Fund from running out of 

money and why the Board of Trustees believes that a benefit reduction is the only remaining option to keep the 

Fund from running out of money. In addition, the application explains why the Board of Trustees believes that the 

proposed reduction is spread fairly among those people who have a pension benefit under the Fund.

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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

Because the Fund has more than 10,000 participants the Board of Trustees is required to select a retiree representative 

to advocate for the interests of retirees, beneficiaries, and deferred vested participants as part of this process. The 

Fund is required to pay the reasonable expenses of the retiree representative.

On December 11, 2018, the Board of Trustees selected David Morris to be the retiree representative. He is a

retiree currently receiving benefits from the Fund and is not a member of the Board of Trustees. Participants and 

beneficiaries may contact Mr. Morris as follows:

Mr. David Morris 

c/o Carpenters Pension Trust Fund – Detroit & Vicinity 

700 Tower Drive, Ste. 300

Troy, MI 48098

Phone:	 (313) 570-1447

Email: Retiree.Rep@gmail.com

Vote on the proposed benefit reduction

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

have the opportunity to vote on the proposed reduction. Unless a majority of all participants and beneficiaries of 

the Fund 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 voting to approve the reduction.

Even if a majority of participants votes to reject the proposed reduction of benefits, Federal law requires the 

Treasury Department to allow the proposed benefit reduction (or a modified version) to take effect if the cost to 

the PBGC to provide guaranteed benefits is particularly large. This rule applies if the value of payments from the 

PBGC if the Fund runs out of money is expected to be more than $1,097,000.00. Before the Treasury Department

permits a reduction in this circumstance, the PBGC’s Participant and Plan Sponsor Advocate may recommend 

possible modifications to the proposed reduction.

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

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

DC 20005; by telephone at (202) 229-4448; or by email at advocate@PBGC.gov.

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Your right to see plan documents of the Fund

You may want to review certain plan documents of the Pension Fund to help you understand your rights and 

the proposed reduction to your benefits. The Fund Administrator must respond to your request for the following 

documents, within thirty (30) days:

	 ●	 The plan document of the Pension Fund (including any amendments adopted to reflect an authorized

reduction of benefits), trust agreement, and other documents governing the Fund (such as collective 

bargaining agreements);

	 ●	 The Fund’s most recent Summary Plan Description (SPD or plan brochure) and any Summary of Material

Modifications (SMM);

	 ●	 The Fund’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 Fund during the last six years;

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

within the last six years;

	 ●	 The Fund’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 Fund would run out of money if there were no 

benefit reductions; and

	 ●	 Any quarterly, semi-annual, or annual financial reports prepared for the Fund by an investment manager,

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

The Fund administrator may charge you the cost per page to the Fund for the cheapest way of copying documents, 

but cannot charge more than 25 cents per page. The Fund’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 may 

also be available for examination, without charge, at the Fund administrator’s office, your worksite, or union hall.

Your right to challenge incorrect calculations

If you think the Fund miscalculated the reduction to your benefits, you have the right to submit a claim to the Fund 

to have the calculation corrected. The Fund’s Summary Plan Description (“SPD”) tells you how to submit a claim. 

The SPD also describes your right to have a court review the Fund’s final decision on your claim. If you believe 

the information used to calculate your estimated reduction is incorrect, please contact the Fund at:

Carpenters Pension Trust Fund, Detroit & Vicinity

Phone: (877) 631-MPRA

(877) 631-6772

Mail:

c/o Benesys

700 Tower Drive, Ste. 300

Troy, MI 48098

(877) 631-6772

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

Plan records as of April 30, 2019 indicate that you are not yet a Plan participant. 

If you become a participant on or before May 1, 2020, you will be permitted to vote on the implementation of the proposed reduction. 

However, your monthly benefit would NOT change under the proposed reduction (since any benefits you earn will be earned after 

May 1, 2007).

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. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

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T01 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit would be $[MPRAFinal]. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below:

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2020

C You are in Group A2 (post 5/1/2007 accruals only)1

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

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• 

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T02 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1 2

Plan records indicate that you are in Group A33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a 16% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 16%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• The portion of your monthly benefit earned prior to May 1, 2007 is $[Pre07].

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000107

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T03 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1] 

[Address2]

[City, State Zip] 

If you had started receiving your benefit without the proposed reduction on May 1, 2019 in the form of a life annuity, your monthly 

payment would have been $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced 

to $[MPRAFinal] starting July 1, 2020.

1 2

Plan records indicate that you are in Group A33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a 16% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 16%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• The portion of your monthly benefit earned prior to May 1, 2007 is $[Pre07].

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of May 1, 2019. The preceding estimates assume 

that your post-age 65 benefit accruals will completely offset the effect of any actuarial adjustment for late retirement and/or that 

your normal retirement benefit has been suspended. If an actuarial adjustment applies to your final calculation, your benefit and the 

effect of the proposed reduction might be different.

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000108

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• 

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T04 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1] 

[Address 2]

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit would be $[PreSuspBen]. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

C You are in Group B2 (post 5/1/2007 accruals only)1

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

If you were past the Plan’s normal retirement age (age 65) as of May 1, 2019, the preceding estimates include an adjustment for late 

retirement assuming you have had no post-age 65 benefit accruals. If your final calculation shows that you had post-age 65 accruals, 

your benefit might be different.

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

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• 

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T05 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1]

[Address2]

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1 2

Plan records indicate that you are in Group B13 and therefore your entire monthly benefit was earned prior to May 1, 2007 and is 

subject to a 26% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the 

amount of your reduction: 

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000110

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T06 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1]

[Address2]

[City, State Zip] 

If you had started receiving your benefit without the proposed reduction on May 1, 2019 in the form of a life annuity, your monthly 

payment would have been $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced 

to $[MPRAFinal] starting July 1, 2020.

1 2

Plan records indicate that you are in Group B13 and therefore your entire monthly benefit was earned prior to May 1, 2007 and is 

subject to a 26% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the 

amount of your reduction: 

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of July 1, 2020. The preceding estimates assume 

that you have had no post-age 65 benefit accruals and that your entire benefit is eligible for actuarial adjustment for late retirement 

If your final calculation shows that you had post-age 65 accruals, your benefit might be different. 

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less. 

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000111

• 

D 
T07 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1]

[Address2]

[City, State Zip] 

Your benefit without the proposed reduction as of your federally-mandated “required beginning date” ([RBD]) in the form of a life 

annuity is $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form will be reduced to $[MPRAFinal] 

starting July 1, 2020.

1 2

Plan records indicate that you are in Group B13 and therefore your entire monthly benefit was earned prior to May 1, 2007 and is 

subject to a 16% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the 

amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

B You will be 80 years of age or older as of July 31, 2020 (if this box is checked, 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of July 1, 2020. The preceding estimates assume 

that you have had no post-age 65 benefit accruals and that your entire benefit is eligible for actuarial adjustment for late retirement 

If your final calculation shows that you had post-age 65 accruals, your benefit might be different. 

When you apply for retirement, benefits will be paid retroactively to your federally-mandated “required beginning date” of [RBD].

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000112

• 

• 

• 

• 
T08 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name] 

[Address1] 

[Address2] 

[City, State Zip] 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1 2

Plan records indicate that you are in Group B33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a 26% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 26%. Additionally, the following federal limitations on individual reductions marked with an

“X” (if any), further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• The portion of your monthly benefit earned prior to May 1, 2007 is $[Pre07].

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000113

• 

D 
T09 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

If you had started receiving your benefit without the proposed reduction on May 1, 2019 in the form of a life annuity, your monthly 

payment would have been $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced 

to $[MPRAFinal] starting July 1, 2020.

1 2

Plan records indicate that you are in Group A33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a 26% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 26%. Additionally, the following federal limitations on individual reductions marked with an

“X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• The portion of your monthly benefit earned prior to May 1, 2007 is $[Pre07].

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of July 1, 2020. The preceding estimates assume 

that you have had no post-age 65 benefit accruals and that your entire benefit is eligible for actuarial adjustment for late retirement 

If your final calculation shows that you had post-age 65 accruals, your benefit might be different. 

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000114

• 

D 
T10

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Your benefit without the proposed reduction as of your federally-mandated “required beginning date” ([RBD]) in the form of a life 

annuity is $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form will be reduced to $[MPRAFinal] 

starting July 1, 2020.

1 2

Plan records indicate that you are in Group A33 and therefore the portion of your monthly benefit earned prior to May 1, 2007 is 

subject to a 16% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 16%. Additionally, the following federal limitations on individual reductions marked with an 

“X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

B You will be 80 years of age or older as of July 31, 2020 (if this box is checked, 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

Plan records indicate that you are past the Plan’s normal retirement age (age 65) as of July 1, 2020. The preceding estimates assume 

that you have had no post-age 65 benefit accruals and that your entire benefit is eligible for actuarial adjustment for late retirement 

If your final calculation shows that you had post-age 65 accruals, your benefit might be different. 

When you apply for retirement, benefits will be paid retroactively to your federally-mandated “required beginning date” of [RBD].

QDRO Assignment

D If this box is marked with an “X”, Plan records show that a portion of your benefit has been assigned to your exspouse(s) pursuant to a Qualified Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., 

the unassigned portion) of the benefit and years of service. The portion of your monthly accrued benefit assigned 

to your ex-spouse(s) by the QDRO(s) is $[QDRORed].

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinal]. If the value of your benefit is $5,000 or less, you will receive your benefit in a single lump sum payment. 3 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000115

• 

• 

• 

• 
T11

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal]. The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Your monthly benefit would NOT change under the proposed reduction. 

Your monthly benefit will NOT be reduced for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

C You are in Group B2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000116

• 

• 

• 

• 

D 

D 

D 
T12

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal]. The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Plan records indicate that you are in Group B3 or E31 and that your ex-spouse was an active participant as of May 1, 2019. Therefore, 

the portion of the monthly benefit assigned to you that was earned prior to May 1, 2007 is subject to a 16% reduction. Since you have 

been assigned benefits that were earned on and after May 1, 2007 that are not subject to reduction, your overall reduction percentage 

will be less than 16%. Additionally, the following federal limitations on individual reductions marked with an “X” (if any), further limit 

the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• The portion of your assigned monthly benefit earned prior to May 1, 2007 is $[Pre07MAB].

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 $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 

CPTF-DV000117

• 

• 

• 

• 

• 

D 
T13

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal]. The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Plan records indicate that you are in Group B11 and that your ex-spouse was an inactive participant as of May 1, 2019. Therefore, the

entire monthly benefit assigned to you was earned prior to May 1, 2007 and is subject to a 26% reduction. However, the following 

federal limitations on individual reductions marked with an “X” (if any), limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000118

• 

• 

• 

• 

• 

D 
T14

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal]. The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Plan records indicate that you are in Group B31 and that your ex-spouse was an inactive participant as of May 1, 2019. Therefore, the 

portion of the monthly benefit assigned to you that was earned prior to May 1, 2007 is subject to a 26% reduction. Since you have

been assigned benefits that were earned on and after May 1, 2007 that are not subject to reduction, your overall reduction percentage 

will be less than 26%. Additionally, the following federal limitations on individual reductions marked with an “X” (if any), further limit 

the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• The portion of your assigned monthly benefit earned prior to May 1, 2007 is $[Pre07MAB`].

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 $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 

CPTF-DV000119

• 

• 

• 

• 

• 

D 
T15

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit would be $[MPRAFinal]. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

C You are in Group B2 (post 5/1/2007 accruals only)1

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 July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000120

D 

D 
T16

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1

 Note 

that if you commence benefits after the deceased Participant’s earliest retirement date, benefits will be paid retroactive to such date.

Plan records indicate that you are in Group B12 and that the deceased Participant was an active participant at the time of death. 

Therefore, your entire monthly benefit was earned prior to May 1, 2007 and is subject to a 16% reduction. However, the following 

federal limitations on individual reductions marked with an “X” (if any), limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000121

• 
T17

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1

 Note 

that if you commence benefits after the deceased Participant’s earliest retirement date, benefits will be paid retroactive to such date.

Plan records indicate that you are in Group B12 and that the deceased Participant was an inactive participant at the time of death. 

Therefore, your entire monthly benefit was earned prior to May 1, 2007 and is subject to a 26% reduction. However, the following 

federal limitations on individual reductions marked with an “X” (if any), limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [YrsMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000122

• 
T18

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1

 Note 

that if you commence benefits after the deceased Participant’s earliest retirement date, benefits will be paid retroactive to such date.

Plan records indicate that you are in Group B32 and that the deceased Participant was an active participant at the time of death. 

Therefore, the portion of your monthly benefit earned prior to May 1, 2007 is subject to a 16% reduction. Since you have earned 

benefits on and after May 1, 2007 that are not subject to reduction, your overall reduction percentage will be less than 16%. 

Additionally, the following federal limitations on individual reductions marked with an “X” (if any), further limit the amount of your

reduction: 

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000123

• 
T19

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant. 

If you start receiving your benefit on [DOC] in the form of a life annuity, your monthly benefit without the proposed reduction would 

be $[PreSuspBen]. Under the proposed reduction your monthly benefit in the same form would be reduced to $[MPRAFinal].1

 Note 

that if you commence benefits after the deceased Participant’s earliest retirement date, benefits will be paid retroactive to such date.

Plan records indicate that you are in Group B32 and that the deceased Participant was an inactive participant at the time of death. 

Therefore, the portion of your monthly benefit earned prior to May 1, 2007 is subject to a 26% reduction. Since you have earned 

benefits on and after May 1, 2007 that are not subject to reduction, your overall reduction percentage will be less than 26%. 

Additionally, the following federal limitations on individual reductions marked with an “X” (if any), further limit the amount of your 

reduction: 

A The MPRA guaranteed amount limits the amount of 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 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These numbers are just estimates. The actual amount you receive will depend on things like how long you work and when you begin receiving payments. For more 

information, see the Summary Plan Description available at www.hammer9fringe.com. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000124

• 
T20

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are a Beneficiary of a deceased Participant who is entitled to a lump sum death benefit. If the amount of 

your lump sum is less than or equal to $5,000, you should contact the Fund Office to make arrangements to receive payment. If the 

amount of your lump sum is greater than $5,000, the Plan is legally prohibited from making payment to you because it has been 

classified in “critical” or “critical and declining” status ever since your benefit was payable. At such time as the Plan emerges from 

“critical” status, your lump sum benefit will be paid (although this is projected to take decades to occur).

The amount of the lump sum death benefit you are owed is $[LSDB]. 

The amount of your benefit would NOT change under the proposed reduction. 

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 July 1, 2020. 

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your benefit could be reduced or forfeited because it is not eligible for PBGC 

protection.

CPTF-DV000125
T21 

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm]. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2020

C You are in Group C2, D2 or E2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000126

D 

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T22

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm].

Your monthly benefit would NOT change under the proposed reduction. However, if your benefit is deemed entirely attributable to 

disability and you predecease your spouse, your surviving spouse’s benefit may be reduced. See Table of Benefits below.

Your monthly benefit will NOT be reduced for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2020

C You are in Group C2, D2 or E2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefit and your surviving spouse’s benefit under the Plan. It is not 

a final benefit calculation. The surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the 

event that you die first. This estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. If the benefit 

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

Your Benefit Surviving Spouse Benefit

• Benefit currently in pay status $[PreSuspBen] /mo. $[PreSuspBenSS] /mo.

• Benefit after proposed reduction (starting 7/1/2020) $[MPRAFinal] /mo. $[MPRAFinalSS] /mo.

• Benefit guaranteed by the PBGC $[PBGCBen] /mo. $[PBGCBenSS] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit and your surviving spouse’s benefit would be no larger 

than the amount guaranteed by PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table 

above. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefits could be significantly 

less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000127

D 

D 

D 

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T23

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm]. Under the proposed reduction your 

monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2020.

Plan records indicate that you are in Group C1, D1, or E11 and therefore your entire monthly benefit was earned prior to May 1, 2007 

and is subject to a 16% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit. 

CPTF-DV000128

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T24

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm].

Plan records indicate that you are in Group C1, D1, or E11 and therefore your entire monthly benefit was earned prior to May 1, 2007 

and is subject to a 16% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

Note that, if you should predecease your spouse, your surviving spouse’s benefit may be reduced by a different percentage than your 

benefit. See Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefit and your surviving spouse’s benefit under the Plan. It is not 

a final benefit calculation. The surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the 

event that you die first. This estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. If the benefit 

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

Your Benefit Surviving Spouse Benefit

• Benefit currently in pay status $[PreSuspBen] /mo. $[PreSuspBenSS] /mo.

• Benefit after proposed reduction (starting 7/1/2020) $[MPRAFinal] /mo. $[MPRAFinalSS] /mo.

• Benefit guaranteed by the PBGC $[PBGCBen] /mo. $[PBGCBenSS] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit and your surviving spouse’s benefit would be no larger 

than the amount guaranteed by PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table 

above. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefits could be significantly 

less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF-DV000129

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• 

D 
T25

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm]. Under the proposed reduction your 

monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2020.

Plan records indicate that you are in Group C3, D3, or E31 and therefore the portion of your monthly benefit earned prior to May 1, 

2007 is subject to a 16% reduction2

. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your 

overall reduction percentage will be less than 16%. Additionally, the following federal limitations on individual reductions marked 

with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF-DV000130

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T26

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly benefit in the amount of $[PreSuspBen] paid as [BenForm].

Plan records indicate that you are in Group C3, D3, or E31 and therefore the portion of your monthly benefit earned prior to May 1, 

2007 is subject to a 16% reduction2

. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your 

overall reduction percentage will be less than 16%. Additionally, the following federal limitations on individual reductions marked 

with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

Note that, if you should predecease your spouse, your surviving spouse’s benefit may be reduced by a different percentage than your 

benefit. See Table of Benefits below.

Table of Benefits

This is an estimate of the effect of the proposed reduction on your benefit and your surviving spouse’s benefit under the Plan. It is not 

a final benefit calculation. The surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the 

event that you die first. This estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. If the benefit 

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

Your Benefit Surviving Spouse Benefit

• Benefit currently in pay status $[PreSuspBen] /mo. $[PreSuspBenSS] /mo.

• Benefit after proposed reduction (starting 7/1/2020) $[MPRAFinal] /mo. $[MPRAFinalSS] /mo.

• Benefit guaranteed by the PBGC $[PBGCBen] /mo. $[PBGCBenSS] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

PBGC Guaranteed Benefits 

If the Plan does not have enough money to pay benefits, your monthly benefit and your surviving spouse’s benefit would be no larger 

than the amount guaranteed by PBGC. The estimated amount of your monthly benefits guaranteed by PBGC is shown in the table 

above. However, there is concern about the health of the PBGC. If the PBGC becomes insolvent, your benefits could be significantly 

less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF-DV000131

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T27

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant and that you are currently receiving a monthly benefit in the 

amount of $[PreSuspBen].

Your monthly benefit would NOT change under the proposed reduction. 

Your monthly benefit will NOT be reduced for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2020

C You are in Group C2, D2 or E2 (post 5/1/2007 accruals only)1

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 July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000132

• 

• 

• 
T28

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant and that you are currently receiving a monthly benefit in the 

amount of $[PreSuspBen]. Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 

2020.

Plan records indicate that you are in Group C1, D1, or E11 and therefore your entire monthly benefit was earned prior to May 1, 2007 

and is subject to a 16% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

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 July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit (or the deceased Participant’s benefit) was reduced by 5% (or less) on August 1, 2013, the reduction will apply to the original benefit.

CPTF-DV000133

• 

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T29

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are the Beneficiary of a deceased Participant and that you are currently receiving a monthly benefit in the 

amount of $[PreSuspBen]. Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 

2020.

Plan records indicate that you are in Group C3, D3, or E31 and therefore the portion of your monthly benefit earned prior to May 1, 

2007 is subject to a 16% reduction2

. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your 

overall reduction percentage will be less than 16%. Additionally, the following federal limitation on individual reductions marked with 

an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

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 July 1, 2020. 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 April 30, 2019: 

• The deceased Participant had earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit (or the deceased Participant’s benefit) was reduced by 5% (or less) on August 1, 2013, the reduction will apply to the original benefit.

CPTF-DV000134

• 

• 
T30

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly disability benefit in the amount of $[PreSuspBen].

Disability benefits are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at age 62), the post-conversion benefit could be subject to reduction (but cannot be less than the smaller 

of the pre-conversion disability benefit or the unreduced post-conversion benefit). Assuming conversion on [DORED], your estimated 

monthly post-conversion benefit in the form of a life annuity is currently $[BenConv].1

 

Your monthly post-conversion benefit would NOT change under the proposed reduction for the following reason(s) marked with an 

“X” below: 

A Your monthly post-conversion benefit is less than the MPRA guaranteed amount

C You are in Group D2 or E2 (post 5/1/2007 accruals only)2

H Your estimated post-conversion benefit is less than your disability benefit

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinalConv]. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000135

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED] (hereinafter referred to as your “post-conversion benefit”). 

Your monthly pre- and post-conversion benefits would NOT change under the proposed reduction for the following reason(s) marked 

with an “X” below:

A Your monthly post-conversion benefit is less than the MPRA guaranteed amount

C You are in Group D2 (post 5/1/2007 accruals only)1

I Your reduced monthly pre- and post-conversion benefits cannot be less than 95% of your pre-August 1, 2013 

disability benefit

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000136

• 

• 

• 
T32

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED]. 

Plan records indicate that you are in Group D11 and therefore your entire benefit was earned prior to May 1, 2007 and is subject to a 

16% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), limit the amount of 

your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

I Your reduced monthly post-conversion benefit cannot be less than 95% of your pre-August 1, 2013 disability benefit

Under the proposed reduction your monthly benefits would be reduced as shown in the Table of Benefits below.

Table of Benefits

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

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefit Without 

Suspension

Your Benefit After Proposed 

Suspension (starting 

7/1/2020)

• Benefit payable prior to [DORED] $[PreSuspBen] /mo. $[MPRAFinal] /mo.

• Benefit starting [DORED] $[BenConv] /mo. $[MPRAFinalConv] /mo.

• Post-[DORED] benefit guaranteed by the PBGC $[PBGCConv] /mo. $[PBGCConv] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000137

• 

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 1 of 2 

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DOC]. 

Plan records indicate that you are in Group D11 and therefore your entire post-conversion benefit was earned prior to May 1, 2007 

and is subject to a 16% reduction. However, the following federal limitations on individual reductions marked with an “X” (if any), 

limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

M Your reduced monthly post-conversion benefit cannot be less than your pre-conversion benefit

Note that, if you should predecease your spouse, your surviving spouse’s post-conversion benefit may be reduced by a different 

percentage than your benefit. See Table of Benefits below.

Table of Benefits

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

surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the event that you die first. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefits Surviving Spouse Benefits

Without Suspension

After Proposed 

Suspension 

(starting 

7/1/2020)

Without Suspension

After Proposed 

Suspension 

(starting 

7/1/2020)

• Benefit payable prior to 

[DORED]

$[PreSuspBen] /mo. $[MPRAFina

l]

/mo. $[PreSuspBenSS] /mo. $[MPRAFin

alSS]

/mo.

• Benefit starting [DORED] $[BenConv] /mo. $[MPRAFina

lConv]

/mo. $[BenConvSS] /mo. $[MPRAFin

alConvSS]

/mo.

• Post-[DORED] benefit 

guaranteed by the PBGC

$[PBGCConv] /mo. $[PBGCConv

]

/mo. $[PBGCConvSS] /mo. $[PBGCCo

nvSS]

/mo.

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000138

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 2 of 2 

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

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 estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

CPTF-DV000139

----
T34

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED]. 

Plan records indicate that you are in Group D31 and therefore the portion of your post-conversion benefit earned prior to May 1, 2007 

is subject to a 16% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 16%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

M Your reduced monthly post-conversion benefit cannot be less than your pre-conversion benefit

Under the proposed reduction your monthly benefits would be reduced as shown in the Table of Benefits below.

Table of Benefits

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

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefit Without 

Suspension

Your Benefit After Proposed 

Suspension (starting 

7/1/2020)

• Benefit payable prior to [DORED] $[PreSuspBen] /mo. $[MPRAFinal] /mo.

• Benefit starting [DORED] $[BenConv] /mo. $[MPRAFinalConv] /mo.

• Post-[DORED] benefit guaranteed by the PBGC $[PBGCConv] /mo. $[PBGCConv] /mo.

The proposed reduction is permanent. 

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000140

D 

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 1 of 2 

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You were disabled prior to August 1, 2013. Following cuts to disability benefits effective August 1, 2013, you elected early retirement. 

As a result of the settlement of a class action lawsuit that was filed on your behalf, 95% of your pre-August 1, 2013 disability benefit 

will be protected from the proposed suspension.

You are currently receiving a monthly retirement benefit in the amount of $[PreSuspBen] paid as [BenForm]. This is scheduled to 

increase to $[BenConv] on [DORED]. 

Plan records indicate that you are in Group D31 and therefore the portion of your post-conversion benefit earned prior to May 1, 2007 

is subject to a 16% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to reduction, your overall 

reduction percentage will be less than 16%. Additionally, the following federal limitation on individual reductions marked with an “X” 

(if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

M Your reduced monthly post-conversion benefit cannot be less than your pre-conversion benefit

Note that, if you should predecease your spouse, your surviving spouse’s post-conversion benefit may be reduced by a different 

percentage than your benefit. See Table of Benefits below.

Table of Benefits

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

surviving spouse benefit is the amount that would be paid to your spouse for his/her lifetime in the event that you die first. This 

estimate was prepared assuming that the proposed benefit reduction starts on July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. 

Your Benefits Surviving Spouse Benefits

Without 

Suspension

After Proposed 

Suspension (starting 

7/1/2020)

Without Suspension

After Proposed Suspension 

(starting 7/1/2020)

• Benefit payable prior to 

[DORED]

$[PreSuspBen] /mo. $[MPRAFinal] /mo. $[PreSuspBenSS] /mo. $[MPRAFinalSS] /mo.

• Benefit starting 

[DORED]

$[BenConv] /mo. $[MPRAFinalConv] /mo. $[BenConvSS] /mo. $[MPRAFinalConvSS] /mo.

• Post-[DORED] benefit 

guaranteed by the PBGC

$[PBGCConv] /mo. $[PBGCConv] /mo. $[PBGCConvSS] /mo. $[PBGCConvSS] /mo.

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000141

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED – Page 2 of 2 

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts. Furthermore, 

the “Surviving Spouse Benefit” in the table above refers to the spousal benefit that would be paid to your current spouse following 

your death.

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 estimated amount of your monthly benefits guaranteed by PBGC is shown in the table above. However, there is concern 

about the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

CPTF-DV000142

----
T36

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly disability benefit in the amount of $[PreSuspBen]. 

Disability benefits are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at age 62), the post-conversion benefit could be subject to reduction (but cannot be lessthan the smaller 

of the pre-conversion disability benefit or the unreduced post-conversion benefit). Assuming conversion on [DORED], your estimated 

monthly post-conversion benefit in the form of a life annuity is currently $[BenConv]. Under the proposed reduction your monthly

post-conversion benefit in the same form would be reduced to $[MPRAFinalConv] starting July 1, 2020 (or upon actual conversion if 

later).

1

Plan records indicate that you are in Group D1 or E12 and therefore your entire monthly post-conversion benefit was earned prior to 

May 1, 2007 and will be subject to a 16% reduction. However, the following federal limitations on individual reductions marked with 

an “X” (if any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

N Your reduced monthly post-conversion benefit cannot be less than your disability benefit

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 $[PBGConv]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinalConv]. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000143

D 

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T37

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

You are currently receiving a monthly disability benefit in the amount of $[PreSuspBen]. 

Disability benefits are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at age 62), the post-conversion benefit could be subject to reduction (but cannot be lessthan the smaller 

of the pre-conversion disability benefit or the unreduced post-conversion benefit). Assuming conversion on [DORED], your estimated 

monthly post-conversion benefit in the form of a life annuity is currently $[BenConv]. Under the proposed reduction your monthly

post-conversion benefit in the same form would be reduced to $[MPRAFinalConv] starting July 1, 2020 (or upon actual conversion if 

later).

1

Plan records indicate that you are in Group D3 or E32 and therefore the portion of your monthly post-conversion benefit earned prior 

to May 1, 2007 will be subject to a 16% reduction. Since you have earned benefits on and after May 1, 2007 that are not subject to 

reduction, your overall reduction percentage will be less than 16%. However, the following federal limitations on individual reductions 

marked with an “X” (if any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

N Your reduced monthly post-conversion benefit cannot be less than your disability benefit

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 July 1, 2020. 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 April 30, 2019: 

• You have earned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

QDRO Assignment

Note that, if part of your benefit has been assigned to your ex-spouse(s) pursuant to a Qualified Domestic Relations Order (QDRO), 

the preceding monthly benefit and years of service have been adjusted to reflect only your portion of such amounts.

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 $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 These amounts will be different if you take your benefit in a different form. For example, if you elect the Life-10 Year Certain Annuity form of payment, your 

reduced monthly benefit will be $[L10MPRAFinalConv]. 2 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000144

D 

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a separate 

interest Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A Your monthly benefit is less than the MPRA guaranteed amount

B You will be 80 years of age or older as of July 31, 2020

C You are in Group C2, D2 or E2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000145

D 

D 

D 

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T39

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a separate 

interest Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2020.

Plan records indicate that you are in Group C1, D1, or E11 and therefore your entire assigned monthly benefit was earned prior to May 

1, 2007 and is subject to a 16% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if 

any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit. 

CPTF-DV000146

D 

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T40

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a separate 

interest Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2020.

Plan records indicate that you are in Group C3, D3, or E31 and therefore the portion of your assigned monthly benefit that was earned 

prior to May 1, 2007 is subject to a 16% reduction2

. Since part of your assigned benefit was earned on and after May 1, 2007 and is 

therefore not subject to reduction, your overall reduction percentage will be less than 16%. Additionally, the following federal 

limitations on individual reductions marked with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E You will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF-DV000147

D 

• 

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T41

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a shared 

payment Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

Your monthly benefit would NOT change under the proposed reduction for the following reason(s) marked with an “X” below: 

A The MPRA guaranteed amount limits the amount of reduction

B Your ex-spouse will be 80 years of age or older as of July 31, 2020

C You are in Group C2, D2 or E2 (post 5/1/2007 accruals only)1

G Your benefit is deemed entirely attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• Your ex-spouse will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

CPTF-DV000148

D 

D 

D 

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T42

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a shared 

payment Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit while your exspouse is alive. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2020. Note that, if you are 

receiving a joint and survivor annuity with your ex-spouse, the amount you receive following your ex-spouse’s death will also be 

affected.

Plan records indicate that you are in Group C1, D1, or E11 and therefore your entire assigned monthly benefit was earned prior to May 

1, 2007 and is subject to a 16% reduction2

. However, the following federal limitations on individual reductions marked with an “X” (if 

any), limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

E Your ex-spouse will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• Your ex-spouse will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit. 

CPTF-DV000149

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T43

HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1] 

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a shared 

payment Qualified Domestic Relations Order (QDRO) and that you are currently receiving a monthly benefit in the amount of 

$[PreSuspBen] paid as a [BenForm]. This statement reflects only your portion (i.e., the assigned portion) of the benefit while your exspouse is alive. 

Under the proposed reduction your monthly benefit would be reduced to $[MPRAFinal] starting July 1, 2020. Note that, if you are 

receiving a joint and survivor annuity with your ex-spouse, the amount you receive following your ex-spouse’s death will also be 

affected.

Plan records indicate that you are in Group C3, D3, or E31 and therefore the portion of your assigned monthly benefit that was earned 

prior to May 1, 2007 is subject to a 16% reduction2

. Since part of your assigned benefit was earned on and after May 1, 2007 and is 

therefore not subject to reduction, your overall reduction percentage will be less than 16%. Additionally, the following federal 

limitations on individual reductions marked with an “X” (if any), further limit the amount of your reduction:

A The MPRA guaranteed amount limits the amount of reduction

E Your ex-spouse will be between the ages of 75 and 79 as of July 31, 2020

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• Your ex-spouse will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• Monthly benefit deemed attributable to disability: $[DisPay]. 

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 $[PBGCBen]. However, there is concern about the 

health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants.

2 If your benefit was reduced by 5% (or less) on August 1, 2013, the reduction will apply to your original benefit.

CPTF-DV000150

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HOW YOUR MONTHLY PAYMENTS WILL BE AFFECTED

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

[Name]

[Address1]

[Address2]

[City, State Zip] 

Plan records show that you are an Alternate Payee who has been assigned an interest in an ex-spouse’s pension benefit by a Qualified 

Domestic Relations Order (QDRO). This statement reflects only your portion (i.e., the assigned portion) of the benefit. 

F If this box is checked, you are currently receiving a portion of your ex-spouse’s disability benefit. Disability benefits 

are completely protected under the proposed benefit reduction. However, once a disability benefit is converted to 

a retirement benefit (typically at the ex-spouse’s age 62), the post-conversion benefit could be subject to reduction 

(but cannot be less than the smaller of the disability benefit or the unreduced post-conversion benefit). 

The remainder of this statement focuses exclusively on your post-conversion benefit.

If you start receiving your benefit on [DOC], your monthly benefit would be $[MPRAFinal]. The preceding assumes payment in the 

following form:

J Life annuity (paid for your life)

K Joint and 50% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you) 

L Joint and 100% survivor annuity (paid your life with a survivor benefit if your ex-spouse predeceases you)

Plan records indicate that you are in Group B1 or E11 and that your ex-spouse was an active participant as of May 1, 2019. Therefore, 

the portion of the monthly benefit assigned to you that was earned prior to May 1, 2007 is subject to a 16% reduction. Additionally, 

the following federal limitations on individual reductions marked with an “X” (if any), further limit the amount of your reduction: 

A The MPRA guaranteed amount limits the amount of reduction

G Part of your benefit is deemed attributable to disability

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 July 1, 2020. If the benefit reduction starts later, the 

effect of the proposed reduction on your benefit might be different. Note that your benefit could be subject to further future 

adjustments pursuant to the terms of your specific QDRO.

This estimate is based on the following information from Plan records as of April 30, 2019: 

• You have been assigned [CrdSvc] years of service under the Plan. 

• You will be [AgeYrs] years and [AgeMnths] months old as of July 31, 2020.

• The portion of your assigned monthly benefit earned prior to May 1, 2007 is $[Pre07MAB].

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 $[PBGCConv]. However, there is concern about 

the health of the PBGC. If the PBGC becomes insolvent, your benefit could be significantly less.

 

1 See description of the proposed reductions of benefits in the General Notice for an explanation of the categories of participants. 

CPTF-DV000151

• 

• 

• 

• 

• 

D 
Template Status Equitalbe Distr. Grp. Desc Notes

0 G n/a Not yet a participant Has hours or contributions but has not satisfied initial participation

n/a A A1 Active, pre-07 only No participants in this group

1 A A2, A3 Active, no suspension Group A2, or group A3 with full protection

2 A A3 Active, pre- and post-07, under NRA

3 A A3 Active, pre- and post-07, over NRA

10 V A3 Active, pre- and post-07, past RBD One person in this group

4 V B1, B2, B3 IV, no suspension, under RBD (excludes age 80+) Group B2, or group B1/B3 with full protection (other than age)

5 V B1 IV, pre-07 only, under NRA

6 V B1 IV, pre-07 only, over NRA, under RBD

7 V B1 IV, pre-07 only, past RBD (includes no suspension because age 80+) Gets active cut as assumed to be in pay status

8 V B3 IV, pre- and post-07, under NRA

9 V B3 IV, pre- and post-07, over NRA, under RBD

11 Q, B B1-3, E1-3 Def. or dis. AP, no suspension Group B2 or E2, or other group B or E with full protection

12 Q, B B3, E3 Def. or dis. AP, active cut, pre- and post-07

13 Q, B B1 Def. or dis. AP, inactive cut, pre-07 only

14 Q, B B3 Def. or dis. AP, inactive cut, pre- and post-07

44 Q, B B1, E1 Def. or dis. AP, active cut, pre-07 only

15 Y B1, B2, B3 Def. Benef., no suspension Group B2, or group B1/B3 with full protection

16 Y B1 Def. Benef., pre-07 only, active cut

17 Y B1 Def. Benef., pre-07 only, inactive cut

18 Y B3 Def. Benef., pre- and post-07, active cut

19 Y B3 Def. Benef., pre- and post-07, inactive cut

20 Y B1, B2, B3 Def. Benef. Entitled to lump sum

21 R C1-3, D1-3, E1-3 Pay status, no suspension, no J&S Group C2, D2 or E2, or other with full protection

22 R C1-3, D1-3, E1-3 Pay status, no suspension, with J&S add "...but your surviving spouse's benefit may be reduced, see table below."

23 R C1, D1, E1 Pay status, pre-07 only, no J&S Not covered by template 31

24 R C1, D1, E1 Pay status, pre-07 only, with J&S Not covered by template 31

25 R C3, D3, E3 Pay status, pre- and post-07, no J&S Not covered by template 32

26 R C3, D3, E3 Pay status, pre- and post-07, with J&S Not covered by template 32

27 B C1-3, D1-3, E1-3 Beneficiary, no suspension Group C2, D2 or E2, or other with full protection

28 B C1, D1, E1 Beneficiary, pre-07 only

--- NON-PARTICIPANTS ---

--- ACTIVE PARTICIPANTS ---

--- INACTIVE VESTED (IV) PARTICIPANTS ---

--- DEFERRED ALTERNATE PAYEES (APs) ---

--- DEFERRED BENEFICIARIES ---

--- RETIRED PARTICIPANTS ---

--- BENEFICIARIES IN PAY STATUS ---

CPTF-DV000152
Template Status Equitalbe Distr. Grp. Desc Notes

29 B C3, D3, E3 Beneficiary, pre- and post-07

30 I D1-3, E1-3 Disabled, no suspension Group D2 or E2, or other with full protection

31 R D1-3 Retired, treated as disabled per settlement, no suspension Group D2 or other with full protection

32 R D1 Retired, treated as disabled per settlement, pre-07 only, no J&S

33 R D1 Retired, treated as disabled per settlement, pre-07 only, with J&S

34 R D3 Retired, treated as disabled per settlement, pre-and post-07, no J&S

35 R D3 Retired, treated as disabled per settlement, pre-and post-07, with J&S

36 I D1, E1 Disabled, pre-07 only

37 I D3, E3 Disabled pre- and post-07

38 B C1-3, D1-3, E1-3 AP, sep. int., no suspension Group C2, D2 or E2, or other with full protection, exclude on disability

39 B C1, D1, E1 AP, sep. int., pre-07 only Exclude currently on disability

40 B C3, D3, E3 AP, sep. int., pre- and post-07 Exclude currently on disability

41 B C1-3, D1-3, E1-4 AP, shared, no suspension Group C2, D2 or E2, or other with full protection, exclude on disability

42 B C1, D1, E1 AP, shared, pre-07 only Exclude currently on disability

43 B C3, D3, E3 AP, shared, pre- and post-07 Exclude currently on disability

Deferred AP with participant past NRA

Beneficiary who has part of benefit assigned to an ex-spouse via QDRO

IV with some part of benefit attributable to disability

Group

A

B

C

D

E

Subgroup

1

2

3

Pre-5/1/2007 accruals only

Post-5/1/2007 accruals only

Pre- and Post-5/1/2007 accruals

Description

Description

Active

Deferred Vested

Retiree who entered pay status 9/1/2008-8/1/2013 and had a benefit reduction on 8/1/2013

Current or prior disability retiree who benefited under the October 2016 settlement

Retiree or disabled retiree not included in groups C or D

--- ASSUMED NOT TO EXIST ---

--- DISABLED IN PAY STATUS ---

--- ALTERNATE PAYEES (APs) IN PAY STATUS ---

CPTF-DV000153

I I