.,. .. _, ,/ 1 lJ.~,·-.,, -..•·, 5~ ~h ANNIVERSARY

PLUMBERS & PIPEFITTERS NATIONA·L ;P,E1N ISLON1 F.UND

103 Oronoco Street, Alexand.ria, Vir-ginia 22314-2047 7111a. OCT V ht-~t .. ~}~. \~Jv~p~npr6~g: 44 .. u , J2 I r I I

[703) 739-9020 · [800) 638-7442 · Fax (703) 739-9017 ' ,, b INtStRATVR: TONI C. INSCOE

Notice of Status Under the Pension Protection Act For the .Plum.hers & Pipefitters National Pension Fund'

To: All Participants and Beneficiaries, Participating Local Unions, and Contributing Employers

From: Board of Trustees

Date: October22, 2018

RE: Plan Year July 1, 2018-June 30, 2019 .

The Pension Protection Act of 2006 (PPA) requires actuaries for multiempioyer plans, such as the Plumbers and Pipefitters National Pension Fund ("Plan") , to det ·, ,';'!;l.0certify the plans' funding status annually. If a plan's status is certified as being end ~,gereo. a1'' 5lr the'i P.B,A, (meaning generally that the funded percentage is less than 80%) for a pJi ,i;), the trustees of the plaef< A ' - notify the plan's participants and beneficiaries and the bargaining -

'!-• >=;,::·;i ;:.::~: i~M."".(,:-:~,:~;<.\,,.J-,,;,::,, 1

This memo is the required n at tli.e -Pla.n{ actuary has ce; ti'fie~that t' in the PPA for the 2018-2~'3i\t\f n ::~ar~fcj ur ~.its estimated fundecl''J};~:cent

Plans in endangered status "a're r~guired :I:>Y~.tl,w :[>:PA to a t a funding i~~r ~vem action plan designed to increase a.p¢~$~on platl'.s funding ntage, impro\ .e the and avoid an accumula1peg:.JundiJ1g Q,Ei.fiqie11cy. /: · · \f .... ·

·~~:r!i'.t,,'~ · ::::::::.:.:r::::,_\?r ·_,: .,: ,· ::--'-ii ··l:· ;

is "endangered" as defined ,74.93%.

Ian (FIP). The FIP is an :9 of assets to liabilities,

. .l ed L\' .' t i}.pril)M.t o. The}, uded the chpice be en contribution rate

eprned J:i:Jtlie parti~s Jlective ba;•~aimn' eements. The hourly is cl:io' . almos " . cipating')group;''.'.'1h;,::,1

. ' /J '·, ' 11:~J;;y Because of the Plan's Trustees will not accep a contribution holiday,

~ ternVs,,_6f t ·· an and the FIP, the · · ·re1µ pe·s co - ution rates, provides

pai'ticip~t iPit· ·. '. : f(~--1-~~~:Y

The Trustees remain co w~ll posit')' ""~a to continue providing participants and beneficia • · st ·committed to taking all

appropriate actions to impro ,,, . ,,., ::;-:I,(:(. . _ }' The Funding Improvement Plan , , is No , . . ,, ., , . : ed Status ar,~, av ilable on the Fund's website at www.ppnpf.org. From the Home Pa lipk ,9!}.,the Plan' ocuments · .rmation link. For further information, you may call the Fund Office or submit you1:'l\i.ni[u;iry,.;yia .Q\ll' tW!3' ontactus, n f.or · or mail your inquiry to; '\,r lt i!'''.::'.jRitil\fH"·'!li \~ Toni C. Inscoe Fund Administrator Plumbers and Pipefitters National Pension Fund

rn ::;c, ~ . ~ >rn o co 0, "t) 0. c::> :l:,-4 _..,

103 Oronoco Street, Alexandria, VA 22314--2047 . ; (J)(.f) _.

;;o m ("')

00mm N rTI For identification purposes, the official Plan number is 001 and the Plan sponsor's e~ID~~idek'B.ficati:tm" number or "EIN' is #52-6152779. ~~O~ ~ <

cocor-:;p. rn cc: Department of Labor

PBGC ~.~ ·~ :: CJ o ·....., > ,....,,

_. V'I

TRUSTEES: MARK McMANUS, PATRICK H. KELLETT, MICHAELA. PLEASANT, SMITTY G. BELCHER, MICHAEL W. GOSSMAN, JAMES J. MURPHY, JR.

®~3