Notice of Endangered Status for NYSA-ILA Pension Trust Fund

This document is about a notice sent to all participants, beneficiaries, participating unions, and contributing employers of the NYSA-ILA Pension Trust Fund, informing them that the fund has been certified as being in "endangered" status for the 2019 plan year. The document outlines the requirements of the Pension Protection Act of 2006 for multiemployer pension plans, and explains that the fund is currently less than 80% funded. It also provides details on the Funding Improvement Plan that has been developed to address the funding situation, including the contribution amounts and amortization periods. The document assures that the fund is meeting its funding goals and is expected to continue doing so, and mentions that annual notices will be sent as required by law.