Special Notice of Election to Maintain Prior Year's Funding Status

This document is about a notice from the Southern Nevada Culinary and Bartenders Pension Plan regarding its election under the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA) to maintain the same funding status for the 2009 plan year as it had in 2008. The plan was previously certified to be in endangered status, but this election allows it to avoid developing a formal Funding Improvement Plan for 2009. The notice explains that the plan's trustees are exploring ways to improve the plan's funding in light of 2008 investment losses, and that further action may be required if the plan is certified to be in endangered or critical status for 2010.