Notice of Funding Status

This document is about the Teamsters Local 418 Pension Fund's funding status and notice of potential benefit changes. It informs participants and beneficiaries that the fund has been certified as being in critical status for the 2012 plan year. The letter explains that while some benefits may be reduced or eliminated in the future, the trustees are taking actions to improve the long-term funding status and protect the pension benefits of the participants. It also notes that lump-sum payments are no longer allowed under the plan.