Notice of Critical and Declining Status for the Carpenters Industrial Council of Eastern PA Pension Fund

This document is about a notice from the Carpenters Industrial Council of Eastern PA Pension Fund informing that the fund is in critical and declining status as of June 1, 2020. It explains that the fund has funding and liquidity problems, and has been required to adopt a rehabilitation plan to restore the financial health of the plan. The notice also states that the fund became insolvent in 2017 and has been receiving financial assistance from the Pension Benefit Guaranty Corporation (PBGC), resulting in reduced benefits for retirees.