Notice of Endangered Status for the Bay Area Painters and Tapers Pension Trust Fund

This document is about a notice sent to participants, beneficiaries, unions, and contributing employers of the Bay Area Painters and Tapers Pension Trust Fund regarding the fund's "endangered" status under the Pension Protection Act of 2006. The notice explains that the fund is currently less than 80% funded, requiring the development of a Funding Improvement Plan to restore the fund to financial health. The document outlines the reasons for the endangered status, the required actions, and assures participants that the fund will continue to provide secure retirement benefits with the appropriate adjustments.