Ironworkers Local 340 Retirement Income Plan 2021 Notice of Critical and Declining Status

This document is about the 2021 notice of critical and declining status for the Ironworkers Local 340 Retirement Income Plan. It explains that the plan is in critical and declining status due to an accumulated funding deficiency, a funded percentage less than 80%, and projected insolvency within 20 years. The document outlines the benefit adjustments and possible additional benefit suspensions that may be necessary to prevent the plan from becoming insolvent.