Annual Funding Notice Supplement

[Andy the Actuary]

A calendar year Plan deferred implementation of MAP-21 for all purposes for 2012. As of 1/1/2013, we have

MAP-21 Pre-Map-21

FT 12,000,000 14,000,000

Assets 15,000,000 15,000,000

PFB 1,525,000 1,525,000

--------------- ---------------

ShortFall ( 1,475,000) 525,000

As it stands, 2013 AFN (in 2014) would have to include supplement because funding shortfall of at least 500,000.

However, if Plan Sponor elects to waive 25,001 of PFB as of 1/1/2013, then shortfall on pre-Map-21 basis becomes 499,999 and 2013 AFN supplement would not be required.

Any disagreement or thoughts?

[Hojo]

I agree....it's stupid, but I agree.