Local 298 Pension Fund

This document is about informing the participants of the Local 298 Pension Fund that the plan has been certified to be in critical and declining status for the plan year beginning January 1, 2020. It explains the critical status, the need for a rehabilitation plan, the possibility of reduction in adjustable benefits, the employer surcharge requirement, and where to get more information. The document outlines the actions being taken to restore the financial health of the pension fund.