Bakery & Confectionery Union Industry Pension Fund
multiemployer plan · BCTGM International Union · Baltimore, MD
ACTIVEPBGC Covered
D
Pension Health Score
49/100
Funding Status39% Funded
0%80% threshold100%
$3.9B
Total Assets
$10.1B
Total Liabilities
$6.2B
Unfunded Liability
66,197
Participants
Funding History
What This Means for You
Bakery & Confectionery Union Industry Pension Fund is significantly underfunded at 39%, with $6.2B in unfunded liabilities affecting 66,197 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $3.9B | $10.1B | 38.8% | $130.8M |
| 2024 | $3.8B | $11.0B | 34.9% | $162.2M |
| 2023 | $3.6B | $11.1B | 32.4% | $191.9M |
| 2022 | $3.6B | $8.0B | 44.4% | $136.7M |
| 2021 | $3.4B | $13.3B | 25.8% | $136.5M |