Notice of Funded Status of Pension Plan

This document is about a notice of the funded status of the International Union of Operating Engineers Local No. 98 Pension Fund for the 2009 plan year. The notice explains that the plan was certified to be in endangered ("Yellow Zone") status for the 2008 plan year, but the trustees elected to "freeze" this status for the 2009 plan year under the provisions of the Worker, Retiree and Employer Recovery Act of 2008 (WRERA). The notice also outlines the potential actions the trustees may need to take in the future if the plan is certified to be in endangered or critical status.