Plans that have filed "critical and declining" status notices with the U.S. Department of Labor
The Multiemployer Pension Reform Act of 2014 gives the trustees of underfunded multiemployer plans that meet the definition of being in “critical and declining” status almost unprecedented authority to cut retiree pension benefits.
Each plan listed below has notified the U.S. Department of Labor that it is in “critical and declining” status and eligible to make certain retiree benefit reductions. Click the name of each plan listed below to see the most recent notice for each plan.
- Read our summary of the retiree cutback provisions in the Multiemployer Pension Reform Act of 2014.
- U.S. Treasury Department page on multiemployer pension plans seeking MPRA benefit cuts.
- Pension Rights Center fact sheet, the Facts about Multiemployer Pension Plan Funding.
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Did You Know?
NAFI Retirement Plans are retirement plans sponsored by government entities known as Non-Appropriated Fund Instrumentalities (NAFIs). NAFIs are part of the federal government but they do not receive funding from Congress. Instead, NAFIs fund themselves with revenue they earn through the services and products that they provide. Because NAFI employees are not eligible to participate in the retirement plans available to most civilian federal government employees, NAFIs sponsor their own plans. Learn more.