Notice of Critical Status For Local 734 Pension Plan

This document is about a notice regarding the critical and declining status of the Local 734 Pension Plan. It explains that the plan has funding and liquidity problems, and that a rehabilitation plan is required to restore the financial health of the plan. The notice outlines potential adjustments to benefits, such as reducing or eliminating certain adjustable benefits, and the employer surcharge that will be imposed to help correct the plan's financial situation. The document also discusses the possibility of benefit suspension and plan partition under the Multiemployer Pension Reform Act (MPRA) if the plan cannot avoid insolvency.