Notice of Seriously Endangered Status for Laborers Local #1358 Pension Plan

This document is about informing participants that the Laborers Local #1358 Defined Benefit Pension Fund is in seriously endangered status because its funded percentage is less than 80% and it is projected to have an accumulated funding deficiency within seven years. It explains that the fund must adopt a funding improvement plan to address this, which may include contribution increases and benefit reductions.