Notice of Endangered Status

This document is about a notice from the Laborers Pension Trust Fund - Detroit and Vicinity informing plan participants that the fund is in endangered status as of May 1, 2020 due to a funded percentage below 80%. The notice outlines the funding improvement plan adopted by the Board of Trustees to restore the financial health of the plan, including the requirement to improve the funded percentage by at least 33% by 2031. The document also explains that future experience may require additional contribution increases or benefit reductions, and encourages plan participants to contact the Board of Trustees for more information.