SECTION 6. OTHER REQUIRED

INFORMATION.

The application must also include the following information:

.01 Ballot . A proposed ballot intended to satisfy the requirements of § 432(e)(9)(H)(iii) (without the statement in opposition to the proposed benefit suspension described in § 432(e)(9)(H)(iii)(II) or the individualized estimate that was provided as part of the notice described in § 432(e)(9)(F)). .02 Partition . Whether the plan sponsor is requesting approval from the PBGC of a proposed partition under section 4233 of ERISA. If the plan sponsor is requesting approval of a proposed partition, then the application for the proposed benefit suspension must include the proposed effective date of the partition and a year-by-year projection of the amount of the reduction in benefit payments (that is, the guaranteed amounts covered by financial assistance under the successor plan for each year) attributable to the partition. .03 Ten-year experience for certain critical assumptions . With respect to each of the 10 plan years immediately preceding the plan year in which the application is submitted, a disclosure that separately identifies:

(1) Total contributions. (2) Total contribution base units. (3) Average contribution rates. (4) Withdrawal liability payments. (5) Rate of return on plan assets.

.04 Demonstration of sensitivity of pro- jections . The application must include deterministic projections of the sensitivity of the plan’s solvency ratio throughout the extended period to certain key assumptions. For this purpose, the application must include the following separate projections calculated using the same assumptions as those used under section 4.02(1) of this revenue procedure, except that:

(1) The assumed rate of return is

reduced by 1 percentage point. (2) The assumed rate of return is

reduced by 2 percentage points. (3) Future contribution base units

increase or decrease at a rate equal to the average annual rate of increase or decrease that the plan experienced over the period of years described in section 6.03 of this revenue procedure. (4) Future contribution base units

increase or decrease at a rate equal to the rate described in section 6.04(3) of this revenue procedure reduced by 1 percentage point. .05 Projection of funded percentage . The plan sponsor must include an illustration, prepared on a deterministic basis, of the projected value of plan assets, the accrued liability of the plan (calculated using the unit credit funding method) and the funded percentage for each year in the extended period. .06 Plan sponsor certifications relating to plan amendments . The plan sponsor must certify that if it receives final authorization to implement the suspension as described in § 432(e)(9)(H)(vi) and chooses to implement the authorized suspension, then, in addition to the plan amendment implementing the suspension, the following plan amendments will be timely adopted and not modified at any time thereafter before the suspension of benefits expires:

(1) A plan amendment providing

that in accordance with § 432(e) (9)(C)(ii) the benefit suspension will cease as of the first day of the first plan year following the plan year in which the plan sponsor fails to determine that both:

July 6, 2015 8 Bulletin No. 2015–27

(a) All reasonable measures to

avoid insolvency continue to be taken during the period of the benefit suspension. (b) The plan is projected to be come insolvent unless benefits continue to be suspended. (2) A plan amendment providing

that any future benefit improvements must satisfy the requirements of § 432(e)(9)(E). .07 Whether a plan is described in § 432(e)(9)(D)(vii)(III) . Whether the plan is a plan described in § 432(e)(9) (D)(vii)(III) and, if so, how that fact is reflected in the proposed benefit suspension. .08 Optional additional information . The plan sponsor may include other information about the plan, such as a narrative statement of the reasons the plan is in critical and declining status.