Notice of Critical Status for the ILA Local Union No. 1922 Pension Fund

This document is about a notice of critical status for the ILA Local Union No. 1922 Pension Fund. The plan is considered to be in critical status due to funding or liquidity problems, and the law requires the plan to adopt a rehabilitation plan to restore its financial health. The notice explains that the plan may need to reduce or eliminate certain "adjustable benefits" as part of the rehabilitation plan, and that the plan is not permitted to pay lump sum benefits while in critical status. The document also mentions that contributing employers will be required to pay a surcharge to help correct the plan's financial situation.