Notice of Critical Status

This document is about the critical status of the Central New York Painters & Allied Trades Defined Benefit Pension Plan, as determined by the plan actuary. It explains that the plan has funding problems and is required to adopt a rehabilitation plan to restore its financial health. The document outlines the reduction or elimination of certain "adjustable benefits" as part of the rehabilitation plan, and the requirement for employers to pay a surcharge to help correct the plan's financial situation. It provides contact information for obtaining more information about the plan and the rehabilitation plan.