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Plasterers and Cement Masons Local Number 94 FAQs

To keep the Cement Masons 94 Plan from running out of money (becoming "insolvent"), some of the Fund's PBGC-guaranteed benefits will be transferred to a "successor plan" that will receive financial assistance from PBGC to pay those benefits. This will relieve some of the financial burden on the Cement Masons 94 Plan and enable it to improve its financial condition.

See Multiemployer Plans and Partition for more general information on how partition works.

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