Notice of Critical Status

This document is about a notice from the Sound Retirement Trust informing plan participants that the pension plan has been certified as being in critical status for the plan year beginning October 1, 2020. It outlines the rehabilitation plan adopted by the Board of Trustees, including the reduction or elimination of certain "adjustable benefits", and the requirement for contributing employers to pay surcharges to help correct the plan's financial situation. The notice provides information on where to get more details about the plan's status and rehabilitation efforts.