Notice of Endangered Status for Painters District Council No. 3 Pension Plan

This document is about the notice of endangered status for the Painters District Council No. 3 Pension Plan. It details that the plan's funded percentage is less than 80% and that it has no projected accumulated funding deficiencies within the current or next 9 plan years, meeting the criteria for endangered status. The document outlines the funding improvement plan adopted by the trustees to restore the plan's financial health, including target funded percentage goals and the possibility of future adjustments to contribution rates or benefit accruals if assumptions are not met. It also provides information on where to obtain more details about the funding improvement plan.