Notice of Wyoming Carpenters Pension Fund Honders of Critical Status

The Wyoming Carpenters' Pension Fund is currently in a "critical" financial status, as determined by the Pension Protection Act (PPA). The Fund's actuary has certified this status for several years, requiring the Trustees to adopt a rehabilitation plan aimed at improving the Plan's financial health. Changes under this plan include the reduction or elimination of certain adjustable benefits, such as early retirement pensions and disability pensions. Participating unions and employers have agreed to new collective bargaining terms that align with the rehabilitation plan, eliminating the need for employer surcharges. The Fund's status and rehabilitation efforts are reviewed annually, with updates provided to all participants and stakeholders.