Notice of Endangered Status for I.B.E.W. Local 1249 Pension Plan

This document is about a notice informing the members of the I.B.E.W. Local 1249 Pension Plan that the plan has been certified as being in Endangered Status for the plan year beginning January 1, 2017. The plan's assets are less than 80% of its projected liabilities, triggering the need to adopt a Funding Improvement Plan aimed at restoring the financial health of the plan over a 10-year period. The document outlines the plan's current status, the requirements for a Funding Improvement Plan, and provides contact information for further information.