2021 Notice of Critical & Declining Status For Bricklayers Union Local 1 Pension Fund of Virginia

This document is about the critical and declining status of the Bricklayers Union Local 1 Pension Fund of Virginia. It explains that the plan is considered to be in critical and declining status due to funding problems, and that federal law requires the plan to adopt a rehabilitation plan to restore its financial health. The document outlines the adjustable benefits that may be reduced or eliminated as part of the rehabilitation plan, and also mentions the possibility of benefit suspension under the MPRA. It provides information on where to get more details about the situation and the plan.