The Sheet Metal Workers National Pension Fund (NPF) has issued its Annual Funding Notice for 2019. The Funding Notice is required by the Pension Protection Act. It provides information regarding the funding status of the NPF as well as benefits guaranteed by the Pension Benefit Guarantee Corporation and is based on the NPF’s year ending December 31, 2019.
The NPF has also issued its 2020 Notice of Endangered Status, which is also required by the Pension Protection Act. The Notice of Endangered Status provides information on the NPF’s Funding Improvement Plan and adjustable benefits as of January 1, 2020.
Copies of the Annual Funding Notice and Notice of Endangered Status are available on SMACNA’s website. The information contained in these notices is based on historical data and does not reflect the impact of investment returns or hours reported in 2020. The NPF will next be required to certify its zone status in March 2021 based on plan data as of January 1, 2021.