Notice of Critical Status (Red Zone) for Local 348 Pension Fund

This document is about a notice informing participants of the Local 348 Pension Fund's critical status (red zone) and the fund's obligation to adopt a rehabilitation plan. It outlines the fund's funding deficiency and the possibility of benefit reductions, including adjustable benefits such as disability benefits and early retirement subsidies. The notice also mentions the required employer surcharge to help correct the fund's financial situation.