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To: Pension Plan Recipients
From: Bill Stefka
Date: June 22, 2016
Re:Beneficiary Designation Proposal (DRAFT)

Dear Plan Participants:

Below is a draft proposal regarding beneficiary designations including the principles and issues to be considered in formulating a final policy to be put in place later this year. The pension board discussed this proposal at their meeting on June 21, 2016, approved its content, and wanted to post this complete version of the proposal on our website now to keep everyone informed and have the opportunity to become familiar with the points being discussed.

Please remember this is a draft, and should be considered a work in progress. The pension board will be providing a more concise version of this proposal as an educational tool for the membership in the near future and will be inviting their input at that time as well. The goal is to have a final policy in place by September 1, 2016.

If you have any questions, please contact our office.

Sincerely,
William E. Stefka
Administrator