Multiemployer Pension Plan Relief

This document is about the election by the Atlanta Iron Workers Local Union No. 387 Pension Plan to maintain its prior year's funding status under the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA). The plan was previously certified as being in the "green zone" but was later certified as "endangered" or in the "yellow zone" for the 2009 plan year. The plan trustees elected to freeze the plan's PPA funded status at the prior year's "green zone" level for the 2009 plan year, while they work to develop and implement a funding improvement plan to restore the plan's financial health.