Special Notice for Plans Electing to Freeze Section 432 Status

This document is about a special notice provided by the I.B.E.W. Local No. 150 Pension Fund regarding their decision to freeze the plan's funded status for the 2009 plan year, as allowed under the Worker, Retiree, and Employer Recovery Act (WRERA). It explains the plan's current critical status, the WRERA election, and the potential implications for the following plan year if the plan remains in critical status.