Critical Status Certification Sample Clauses

Critical Status Certification. The Fund actuaries have: (i) certified under the Pension Protection Act (the “PPA”) that the Pension Fund was in critical status for each of the Plan Years beginning 4/1/2008 to 4/1/2022, and advised the Trustees that they expect the Fund will again be in critical status for the Plan Year beginning 4/1/2023; (ii) determined that the 2019 Schedule (as that term is defined in the previous collective bargaining agreement) is no longer sufficient to permit the Fund to emerge from critical status during the required time frame, even if the Fund takes full advantage of the funding relief available under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010 (the “Pension Relief Act”). Therefore, the parties hereby agree as follows: