2021 Notice of Critical and Declining Status Local 966 Pension Plan

This document is about a notice from the Board of Trustees of the Local 966 Pension Plan informing all plan participants, beneficiaries, and contributing employers that the plan has been certified as being in critical and declining status for the 2021 plan year. The plan is projected to become insolvent in 2023, and the notice outlines the rehabilitation plan adopted by the Trustees, including reductions in adjustable benefits and employer surcharges, in an effort to improve the plan's financial health. The document provides information on where to obtain more details about the plan's status and the rehabilitation plan.