2019 Notice of Critical Status for Steamfitters Local Union No. 420 Pension Plan

This document is about a notice sent by the Steamfitters Local Union No. 420 of Philadelphia to the U.S. Department of Labor's Employees Benefits Security Administration regarding the critical status of their pension plan. The notice outlines the funding issues facing the plan, the requirement to adopt a rehabilitation plan, and the possibility of reducing certain adjustable benefits as part of the plan to restore the financial health of the pension fund.