Notice of Critical and Declining Status for The Mid-Jersey Trucking Industry and Teamsters Local 701 Pension Fund

This document is about a notice from the Board of Trustees of the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension Fund, informing that the plan is in "Critical and Declining" status for the plan year beginning June 1, 2018. It outlines the plan's funding issues, the requirement to adopt a rehabilitation plan, and the potential reduction of certain adjustable benefits as part of the plan. The document also mentions the employer surcharge and provides contact information for more information.