Notice of Critical Status Pension Plan

This document is about the Oregon Retail Employees Pension Plan being in critical status, which means the plan has funding problems. The plan's actuary has determined that the plan is projected to have an accumulated funding deficiency, and the plan must adopt a rehabilitation plan to restore its financial health. The document outlines the potential benefit reductions that may be made as part of the rehabilitation plan, such as reducing or eliminating post-retirement death benefits, disability benefits, and early retirement benefits. The document also discusses the employer surcharge that will be required while the plan is in critical status.