Pension Plans Letter - Pbgc Form (Page 3 of 3) in pdf

Pension Plans Letter - Pbgc Form Page 3

3. The most recent Adjusted Funding Target Attainment Percentage (“AFTAP”) and Actuarial

Valuation Report (“AVR”).

4. For the period since the most recent AVR or AFTAP certification, a summary of plan

amendments, significant changes in plan population, changes in plan assumptions, and total

lump sums by month.

5. If the Plan contains a cash balance formula for some or all participants, please provide the

following information:

− A current age and service distribution chart that includes counts, average compensation,

and average cash balance account (for each cell in the chart) for all of the participants

eligible for the cash balance plan. This is the same information that is required for the

Schedule SB attachment of the Form 5500. We request that you also provide this

information for those cells that have fewer than 20 employees.

− Vested active and non-vested active funding targets separately for cash balance

participants and non-cash balance participants.

− Target normal costs (excluding expenses) separately for cash balance participants and

non-cash balance participants.

− Terminated Vested funding targets separately for cash balance participants and non-cash

balance participants.

6. Minimum Funding projections for each plan for the next 5 plan years if available. For each

of these years, please detail all actuarial assumptions, target normal cost, funding target,

benefit payout, market value of assets, actuarial value of assets, funding shortfall, shortfall

amortization, amounts of prefunding and carryover balances applied to reduce the required

contribution, amounts of prefunding and carryover balances released, whether the plan is at

risk, and at-risk calculations if the plan is at risk.

7. Permission to contact the Plan’s actuary if there are any questions about the information

provided. If permission is granted, please provide contact information.

If you have any questions, please contact me at the telephone number indicated below.

Sincerely,

[Name]

[Title]

Corporate Finance and Restructuring Department

[Telephone number]

Pension Plans Letter - Pbgc Form Page 3