Your Plan is in the Green Zone. Funding percentage is not endangered or critical status.
Each year, your Plan’s Trustees work closely with independent investment advisors and actuaries to review different indicators of the Plan's financial strength. Funding levels are one of the best measures of a pension plan's strength.
In 2006, Congress passed a law called the Pension Protection Act that requires all pension plans to measure their funding ratios in new, more stringent ways. One ratio compares the value of Plan assets to the value of all Plan benefits earned to date by all participants.
Based on this Pension Protection Act ratio, pension plans are rated as in either the Red (weakest), Yellow (endangered), or Green (strongest) zones. Using this method, the Plan’s enrolled actuary has calculated that the Plan’s funding percentage is in neither endangered nor critical status—placing it "in the Green Zone for 2022."