Critical Status Notice of Ironworkers Local No. 402 Pension Trust Fund

This document is about the critical status notice for the Ironworkers Local No. 402 Pension Trust Fund as of April 1, 2020. It outlines the plan's critical status, the rehabilitation plan adopted to restore the plan's financial health, and information on employer surcharges and where to get more details. The document provides an overview of the key changes made to the plan, including the elimination of certain benefits and the reduction in the benefit accrual rate, as well as the contribution rate increases implemented as part of the rehabilitation plan.