Notice of Critical Status For Local 305 CIO's Pension Fund

This document is about the Local 305 CIO's Pension Fund being in critical and declining status, which requires the adoption of a rehabilitation plan that may lead to the reduction of certain adjustable benefits. It also informs about the employer surcharge that contributing employers must pay to help correct the plan's financial situation. The document outlines the critical status, the possibility of benefit reductions, the adjustable benefits that may be affected, and where to get more information.