Notice of Critical Status

This document is about a notice of critical status for the Bricklayers and Allied Craftworkers Local No. 5 of New Jersey Pension Fund. The plan is considered to be in critical status due to funding and liquidity problems, and federal law requires the plan to adopt a rehabilitation plan to restore its financial health. The notice outlines potential reductions to adjustable benefits, such as subsidized early retirement and 120-month guaranteed benefits, and informs participants of an employer surcharge that will be implemented to help correct the plan's financial situation. The document provides instructions on how to obtain more information about the rehabilitation plan from the plan administrator.