Notice of Critical Status for Local 966 Pension Plan

This document is about a notice sent to all plan participants, beneficiaries, and employers regarding the Local 966 Pension Plan being in critical and declining status under the Pension Protection Act of 2006. It provides details on the plan's funding and liquidity issues, the rehabilitation plan adopted by the trustees, and the adjustable benefits and employer surcharges impacted by the plan's status. The notice also informs recipients about the trustees' application for special financial assistance from the PBGC to help the plan remain solvent through 2051.