Notice of Critical Status

This document is about informing the members of the Local 295-IBT Employer Group Pension Trust Fund that the plan is in critical status, as certified by the plan actuary. It explains the implications of this status, including the adoption of a rehabilitation plan, the possibility of benefit reductions, and the surcharges that employers may face if they do not comply with the rehabilitation plan. The document provides details on the specific adjustable benefits that may be reduced or eliminated, and instructions on where to obtain more information.