Local 1783 I.B.E.W Pension Fund - Critical Status

This document is about the Local 1783 I.B.E.W Pension Fund informing plan participants that the fund has been certified to be in critical and declining status for the plan year beginning January 1, 2022. It explains the fund's funding and liquidity problems, the requirement to adopt a rehabilitation plan, and the possibility of reducing adjustable benefits as part of the plan. The document also outlines the employer surcharge and provides information on where to get more details.