Long Description for Technical Update 02-2

IMAGE DESCRIPTION
Plan Year 2002 Participant Notice Worksheet

Flowchart provides plan administrators with the necessary process to determine whether a participant notice is required.

1. Is one of the following statements true? (a) The PBGC Variable Rate Premium is payable for the 2002 plan year. (b) The PBGC Variable Rate Premium would be payable for the 2002 plan year using 85% of the yield on 30-year Treasury securities to calculate vested benefits.
if No then Participant Notice NOT Required
if Yes then next

2. Is the plan's Funded Current Liability Percentage* at least 90% for either the 2002 plan year OR the 2001 plan year
if Yes then Participant Notice NOT Required
if No then next

3. Is the plan's Funded Current Liability Percentage* at least 80% for the 2002 plan year AND (i) at least 90% for BOTH 2000 and 2001 or (ii) at least 90% for BOTH 1999 and 2000?
if Yes then Participant Notice NOT Required
if No then next

4. Is the plan's Funded Current Liability Percentage* at least 80% for the 2001 plan year AND (i) at least 90% for BOTH 1999 and 2000 or (ii) at least 90% for BOTH 1998 and 1999?
if Yes then Participant Notice NOT Required
if No then Participant Notice REQUIRED

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