Bricklayers and Masons Local No. 22 Pension Plan 2020 Notice of Critical Status

This document is about the 2020 Notice of Critical Status for the Bricklayers and Masons Local No. 22 Pension Plan. It outlines that the plan is in critical status due to funding or liquidity problems, and provides details on the rehabilitation plan that the Board of Trustees has adopted, which includes scheduled increases in the hourly contribution rate and changes to certain benefits such as disability, early retirement, and death benefits. The document also explains that the plan is not allowed to pay certain "restricted benefits" while in critical status.