Notice of Critical and Declining Status for Teamsters Local 469 Pension Plan

This document is about the Notice of Critical and Declining Status for the Teamsters Local 469 Pension Plan. It informs that the plan is in critical and declining status, meaning it has funding and liquidity problems and is projected to become insolvent within the next 19 years. The document outlines the rehabilitation plan, which may include reducing or eliminating adjustable benefits, as well as the potential for suspending accrued and current benefits, subject to certain restrictions and regulatory approvals. It also discusses the employer surcharge and provides contact information for more information.