In a letter to Participating Local Unions dated April 21, 2022, the Union Chairman explains that despite the continued volatile effects of COVID-19 on the investment markets, the Plan continues in the Green Zone and has attained new highs in benefits paid, employer contributions, and Plan assets. In addition, the Plan has no unfunded vested benefit liability as of December 31, 2021 – the Plan is effectively fully funded for 2022. He goes on to explain potential challenges to this very positive trend.
Please click here to view the Union Chairman's letter.
