Notice of Critical and Declining Status

This document is about the Western States Office and Professional Employees Pension Fund being in critical and declining status, as certified by the plan's actuary. It outlines the plan's financial issues, including a projected accumulated funding deficiency and insolvency within 20 years. The document also explains the rehabilitation plan, the suspension of certain adjustable benefits, employer surcharges, and the potential application of the Multiemployer Pension Reform Act (MPRA) to suspend benefits and avoid insolvency.