Notice of Critical Status for the 1199SEIU Greater New York Pension Plan

This document is about a notice of critical status for the 1199SEIU Greater New York Pension Plan. It informs the plan participants that the plan is in critical status due to funding problems, and that a rehabilitation plan has been adopted to restore the financial health of the plan. The notice outlines the adjustable benefits that may be reduced or eliminated as part of the rehabilitation plan, as well as the employer surcharge that will be applied to help correct the plan's financial situation.