Notice of Critical and Declining Status

This document is about the notice of critical and declining status of the Local 807 Labor Management Pension Fund. It explains that the plan is in critical status due to funding and liquidity problems, and is projected to become insolvent in 11 years. The document outlines the Rehabilitation Plan adopted by the Trustees, which includes the reduction or elimination of adjustable benefits. It also discusses the employer surcharge and the potential for benefit suspension and partition under the Multiemployer Pension Reform Act of 2014. The document emphasizes the Trustees' commitment to preserving the financial viability of the Pension Fund and the need for both contribution increases and benefit reductions to address the serious financial condition.