Notice of Critical Status for Plumbers & Pipefitters Local Union No.9 Pension Plan

This document is about a notice of critical status for the Plumbers & Pipefitters Local Union No.9 Pension Plan. The plan is considered to be in critical status because its funded percentage is less than 65% and it is projected to have an accumulated funding deficiency within the next four plan years. The document outlines the required actions, including the adoption of a rehabilitation plan and potential reduction of adjustable benefits, as well as the employer surcharge to help correct the plan's financial situation.