Notice of Critical Status

This document is about the Notice of Critical Status for the Local 731, I.B. of T. Textile Maintenance and Laundry Craft Pension Fund. It informs that the fund is in critical status and that a rehabilitation plan has been adopted as required by federal law. The notice details the reduction in adjustable benefits, such as the accrual rate and the elimination of unreduced 25-and-out pensions, as part of the rehabilitation plan.