Notice of Critical Status For Laborers Local 130 Pension Fund

This document is about a notice from the Laborers Local 130 Pension Fund informing plan participants that the fund has been certified to be in critical status for the plan year beginning May 1, 2019. It outlines the implications of the critical status, including the adoption of a rehabilitation plan, the possibility of benefit reductions, and the requirement for contributing employers to either comply with contribution increase schedules or pay a surcharge. The notice provides details on the plan's adjustable benefits that may be reduced or eliminated as part of the rehabilitation plan.