Notice of Critical Status

This document is about a notice regarding the Employer-Teamsters Local Nos. 175 & 505 Pension Trust Fund being in critical status, which requires the adoption of a rehabilitation plan that may involve reductions in "adjustable benefits" such as post-retirement death benefits, early retirement subsidies, and recent benefit increases. The notice outlines the plan's critical status, the requirements for a rehabilitation plan, the potential reduction in adjustable benefits, and the surcharge requirements for contributing employers.