2020 Notice of Endangered Status

This document is about the 2020 Notice of Endangered Status for the Plumbers & Pipefitters Local Union No. 396 Pension Plan. The plan's actuary has certified that the plan is in endangered status because its funded percentage is less than 80%. Federal law requires the plan to adopt a funding improvement plan to improve the plan's funded percentage, which the Board of Trustees has done by reflecting the benefit changes and contribution rate increases that were adopted under the previous rehabilitation plan when the plan was in critical status. The document provides information on the plan's funding improvement plan and where to get more details about the plan's status and actions.