Notice of Critical Status

This document is about a notice from the Southern Illinois Bricklayers Pension Plan informing participants that the plan has been certified as being in critical status for the plan year beginning July 1, 2020. It explains the implications of the critical status, including the requirement to adopt a rehabilitation plan that may reduce certain benefits, and the employer surcharge that will be imposed to help correct the plan's financial situation. The document outlines the adjustable benefits that may be reduced or eliminated as part of the rehabilitation plan.