Notice of Funding Zone Status for 2017

This document is about the Laborers National Pension Fund's notice of its 2017 funding zone status, which has been certified as the "Early Critical (Red) Zone". It explains that the Fund has elected this status voluntarily in order to access tools to restore the Fund's financial health. The document outlines the Rehabilitation Plan the Board of Trustees must develop, possible changes to "adjustable benefits", and a temporary contribution surcharge that will be required under the Pension Protection Act of 2006. The notice also states that the Fund is prohibited from accepting reductions in contribution rates or suspensions of contributions under the law.