Notice of Critical Status Pension Plan

This document is about the Oregon Retail Employees Pension Trust notifying participants, contributing employers, and other relevant parties that the pension plan has been certified to be in critical status for the plan year beginning January 1, 2022. It outlines the plan's funding issues, the requirement to adopt a rehabilitation plan, the possibility of benefit reductions, and the employer surcharge that will be imposed to help correct the plan's financial situation.