Local 338 Retirement Plan

This document is about informing members of the Local 338 Retirement Plan that the plan has been certified to be in critical status for the plan year beginning January 1, 2021. It explains that the plan is required to adopt a rehabilitation plan to restore the financial health of the plan, which may involve the reduction or elimination of certain "adjustable benefits." The document also provides information about an employer surcharge and where to get more details about the plan and its status.