Notice of Critical Status For Cement Masons' Union Local 592 Pension Plan

This document is about a notice informing participants of the Cement Masons' Union Local 592 Pension Plan that the plan has been certified as being in critical status for the plan year beginning May 1, 2020. It details the required actions and potential changes to the plan, including the reduction or elimination of adjustable benefits and the implementation of an employer surcharge, as part of a rehabilitation plan to restore the plan's financial health.