Notice of Critical Status

This document is about the Oregon Retail Employees Pension Trust notifying all participants, beneficiaries, unions, and contributing employers that the plan has been certified as being in critical status for the plan year beginning January 1, 2009. It explains the implications of this critical status, including the requirement to adopt a rehabilitation plan to restore the plan's financial health, the potential reduction of adjustable benefits, and the employer surcharges that will be imposed to help correct the plan's financial situation.