Notice of Critical Status for Teamsters Local 814 Pension Fund

This document is about a notice issued by the Teamsters Local 814 Pension Fund regarding its critical status and the implementation of a rehabilitation plan. The plan is less than 65% funded and projected to have a funding deficiency within five years, requiring the adoption of a rehabilitation plan to improve the funded position over time. The notice outlines the plan's adjustable benefits that may be reduced or eliminated as part of the rehabilitation plan, as well as the employer surcharge that will be imposed to help correct the plan's financial situation.