Notice of Critical Status for Sheet Metal Workers Local Pension Fund

This document is about a notice informing the members of the Sheet Metal Workers Local Pension Fund that the plan has been certified as being in critical status. It explains the reasons for the critical status, the requirements for a rehabilitation plan, the possibility of benefit reductions, and the surcharges that contributing employers must pay to help correct the plan's financial situation. The document provides details on the plan's funded percentage, projected accumulated funding deficiency, and the adjustable benefits that may be reduced or eliminated as part of the rehabilitation plan.