Notice of Critical Status for U.A. Local Union No. 85 Plumbers and Pipefitters Pension Plan

This document is about a notice of critical status for the U.A. Local Union No. 85 Plumbers and Pipefitters Pension Plan. It explains that the plan is projected to be in critical status within 5 years due to a low funded percentage and a projected accumulated funding deficiency. It outlines the rehabilitation plan that may involve reductions to future benefit accruals and increases to contribution rates. The document also mentions the employer surcharge that will be required to help correct the plan's financial situation until a rehabilitation plan is approved by the bargaining parties.