Notice of Critical Status

This document is about the Notice of Critical Status for the Local 734 Pension Plan. It informs the plan participants that the plan has been certified to be in critical status for the plan year beginning May 1, 2010, and that the plan is required to adopt a rehabilitation plan to restore the financial health of the plan. The notice outlines the reasons for the critical status, the possibility of reduction in adjustable benefits, the employer surcharge, and provides information on where to get more details about the plan's status and the rehabilitation plan.