national-retirement-savings-summit-report.pdf

This document is about the New Bedford Fishermen's Pension Plan's notice of critical and declining status for the plan year beginning January 1, 2020. The plan is expected to become insolvent in fiscal year 2023 or 2024, and the trustees continue to take measures to forestall the plan's insolvency. The document outlines the plan's critical and declining status, the rehabilitation plan, adjustable benefits, and employer surcharge.