Pacific Coast Shipyards Pension Fund Notice

This document is about a notice from the Pacific Coast Shipyards Pension Fund regarding the plan's certification as being in "critical status" as defined by the Pension Protection Act of 2006. The notice outlines the actions the Board of Trustees is required to take, including the implementation of a Rehabilitation Plan, which could result in significant reductions or eliminations of certain pension benefits for participants, alternate payees, and beneficiaries who have not yet commenced benefits as of April 1, 2008. The document provides details on the Rehabilitation Plan, the required increased contributions, and the potential for a merger of the plan into a larger plan.