Notice of Critical Status

This document is about a notice from the Bricklayers and Allied Craftworkers Local No. 3 N.Y. Buffalo Chapter Benefit Funds informing participants, beneficiaries, contributing employers and the union that the Bricklayers and Allied Craftworkers Local No. 3, New York, Niagara Falls-Buffalo Chapter Pension Plan is in critical status as of June 1, 2020. The notice outlines the reasons for the critical status, the required rehabilitation plan, and the possibility of benefit reductions in accordance with the Pension Protection Act. The document also provides contact information for more information about the pension plan's status and future actions.