Notice of Critical Status for I.B.E.W. Local No. 223 Pension Plan

This document is about a notice from the I.B.E.W. Local No. 223 Pension Plan regarding its critical status and the implementation of a rehabilitation plan. The plan has been classified as being in the "red zone" due to funding problems, and the Board of Trustees is required to adopt a Rehabilitation Plan to restore the financial health of the plan. The notice outlines the plan's current status, the possibility of benefit reductions, the employer surcharge, and the next steps in the process. It also provides information on where to get more details about the plan's situation.