2020 Notice of Critical and Declining Status

This document is about a notice from the Carpenters Pension Trust Fund � Detroit and Vicinity Pension Plan informing plan participants that the plan has been certified to be in critical and declining status. It explains the plan's financial situation, including an existing and projected accumulated funding deficiency, and a projected insolvency within the next 20 plan years. The document outlines the rehabilitation plan the plan is required to adopt, including the possibility of reducing "adjustable benefits" such as disability and early retirement benefits. It also mentions the potential for benefit suspensions to avoid insolvency, and that future experience may require additional contribution increases or benefit reductions. The document provides information on where to obtain more details about the plan's status and rehabilitation plan.