Notice of Critical Status for NECA-IBEW Local Union No. 527 Pension Plan

This document is about a notice of critical status for the NECA-IBEW Local Union No. 527 Pension Plan. The plan is considered to be in critical status due to funding or liquidity problems, and federal law requires the plan sponsor to notify all participants, beneficiaries, unions, and contributing employers of this certification. The document outlines the rehabilitation plan adopted by the Board of Trustees and the changes made to the plan, including the elimination of certain subsidies and benefits, in order to restore the financial health of the plan.