Annually, every person covered under the CIRS Pension Plan is mailed an Annual Funding Notice in compliance with federal regulations. This notice includes important information regarding the plan including: the funded status, assets and liabilities, zone certification and investment policy. General information about the benefit payments guaranteed by the Pension Benefit Guaranty Corporation (“PBGC”), a federal insurance agency, is also described in this notice.
All traditional pension plans must provide this notice every year regardless of their funding status. This notice does not mean that the Plan is terminating. It is provided for informational purposes and you are not required to respond in any way.