ILA Local 1478-2 Pension Plan: Endangered Status and Funding Improvement Plan Overview

The ILA Local 1478-2 Pension Plan has been classified as in "Endangered Status" for the 2020 Plan Year due to a funded percentage below 80%. To address this, a Funding Improvement Plan was adopted, aimed at enhancing the financial stability of the plan without reducing future benefits or increasing contributions. The Plan�s status and funding improvement efforts will be reviewed and updated annually to ensure ongoing progress. Participants will be notified if any benefit reductions become necessary. For more details, contact the Board of Trustees or the Plan Administrator.