This document is about a notice issued by the PACE Industry Union-Management Pension Fund informing participants that the fund has been certified as being in critical and declining status for the 2022 plan year. It explains the implications of this status, including the adoption of a rehabilitation plan, potential reductions in adjustable benefits, and restrictions on lump-sum payments.
Explore the new beta.dol.gov website! Enjoy streamlined navigation and modern design. Your feedback will shape our future improvements.