Notice of Critical and Declining Status for Teamsters Local 102 Pension Fund

This document is about a notice from the Teamsters Local 102 Pension Fund informing that the plan is in critical and declining status due to funding and liquidity problems, and is expected to become insolvent by 2028. It outlines the required rehabilitation plan, including a preferred schedule that maintains current benefits and a default schedule that reduces benefit accrual rates and eliminates some adjustable benefits. The document also provides details on employer contribution rate increases, benefit reductions, and where to get more information.