Teamsters Local 277 Pension Fund Notice of Critical Status

This document is about the Teamsters Local 277 Pension Fund notifying contributing employers and participants that the fund has been determined to be in "critical status" as defined under the Pension Protection Act of 2006. It explains the requirement for the fund to adopt a rehabilitation plan, the potential reduction in adjustable benefits, and the mandatory employer surcharge that must be paid to help correct the fund's financial situation.