Notice of Endangered Status for Cement Masons Local Union 526 Pension Plan

This document is about a notice from the Cement Masons' Local 526 Combined Funds, Inc. informing recipients that the Cement Masons Local Union 526 Pension Plan is in endangered status as of June 1, 2018, with a funded percentage of less than 80%. It explains that federal law requires the plan to adopt a funding improvement plan to restore the plan's financial health, which may involve contribution rate increases and/or reductions in the rate at which benefits are earned. The document outlines the plan's commitment to continued improvement and where to find more information.