This document is about the Boilermaker-Blacksmith National Pension Trust notifying its participants, beneficiaries, unions, and contributing employers that the plan is in critical status under the Pension Protection Act, and the steps the trustees are taking through a rehabilitation plan to improve the plan's funded position over time. It outlines the plan's current funding level, the requirements and implications of being in critical status, and the adjustable benefits that may be affected as part of the rehabilitation plan.