Notice of Critical and Declining Status

This document is about the critical and declining status of the Bakery and Confectionery Union and Industry International Pension Fund. It provides notice to plan participants and beneficiaries about the plan's financial situation, including a projected accumulated funding deficiency and the potential for insolvency within 20 years. The document outlines the rehabilitation plan and the types of adjustable benefits that may be reduced or eliminated as part of the plan, as well as the employer surcharge required to help correct the plan's financial situation. The plan sponsor has the ability to apply for benefit suspensions or a partition under the Multiemployer Pension Reform Act, but has not done so at this time.