Notice of Critical Status For Employers and Local 534 Meat Employees Pension Fund

This document is about a notice from the Employers and Local 534 Meat Employees Pension Fund informing employers and participants that the plan has been certified as being in critical status for the 2010 plan year. The notice explains that the plan has funding problems and is projected to have an accumulated funding deficiency, requiring the adoption of a rehabilitation plan. It outlines the possibility of reductions to "adjustable benefits" as part of the rehabilitation plan, and informs participants that the plan is not permitted to pay lump sum benefits while in critical status. The document also mentions the employer surcharge required to help correct the plan's financial situation.