Notice of Endangered Plan Status

This document is about a notice informing the members of the Painters Union Pension Plan that the plan is currently in endangered status under the Pension Protection Act. It explains that the plan's funded percentage is below 80%, triggering the requirement to adopt a funding improvement plan to restore the plan's financial health. The notice outlines the key details of the funding improvement plan, which may involve funding increases, decreases in future benefit accruals, or other actions. It also provides information on where to get more details about the plan and the funding improvement plan once it is adopted.