Notice to Travelers Regarding Defined Benefit Plan Contributions

The Pension Protection Act of 2006, as amended by the Worker, Retiree and Employer Recovery Act of 2008 (WRERA), required the Trustees of a multiemployer pension plan, that has been certified by the plan's actuary as being in "endangered" status (Yellow Zone), to develop a Funding Improvement Plan ("FIP"). On September 28, 2012, the Southern California IBEW-NECA Pension Trust Fund's Co-Actuaries certified the Defined Benefit (DB) Plan as being in endangered status. On May 21, 2013, the Board of Trustees adopted an FIP consisting of a Default Schedule, Alternative Schedules 1(a) through 1(d); the FIP was amended twice to adopt two additional Alternative Schedules 1(e) and 1(f).

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