IBEW Local 433 Pension Trust
multiemployer plan · IBEW Local 433 · Tucson, AZ
ACTIVEPBGC Covered
D
Pension Health Score
46/100
Funding Status55% Funded
0%80% threshold100%
$961.0M
Total Assets
$1.7B
Total Liabilities
$777.4M
Unfunded Liability
3,344
Participants
Funding History
What This Means for You
IBEW Local 433 Pension Trust is significantly underfunded at 55%, with $777.4M in unfunded liabilities affecting 3,344 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. 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 | $961.0M | $1.7B | 55.3% | $47.5M |
| 2024 | $953.2M | $1.6B | 59.7% | $37.3M |
| 2023 | $908.1M | $1.7B | 52.3% | $40.5M |
| 2022 | $848.0M | $1.4B | 59.4% | $36.9M |
| 2021 | $805.8M | $1.4B | 57.0% | $43.0M |