Notice of Critical and Declining Status

This document is about a notice from the Board of Trustees of the Marine Carpenters Pension Plan informing participants, beneficiaries, contributing employers, and local unions that the plan has been certified as being in critical status and critical and declining status for the 2021-2022 plan year. The notice outlines the reasons for this status, the required actions under the Rehabilitation Plan, and the potential for benefit suspensions and partition under the Multiemployer Pension Reform Act of 2014. It also informs about the American Rescue Plan Act of 2021 and provides contact information for more information.