Notice of Critical Status for Local 108 Retirement Plan

This document is about informing members of the Local 108 Retirement Plan that the plan has been certified as being in critical status for the plan year beginning August 1, 2020. It explains the reasons for the critical status, the requirement to adopt a rehabilitation plan, potential reductions in adjustable benefits, employer surcharges, and where to get more information. The document outlines the steps being taken to restore the financial health of the pension plan.