IBEW Local 702 Pension Trust
multiemployer plan · IBEW Local 702 · Rutland, VT
ACTIVEPBGC Covered
C
Pension Health Score
59/100
Funding Status51% Funded
0%80% threshold100%
$668.3M
Total Assets
$1.3B
Total Liabilities
$653.6M
Unfunded Liability
10,017
Participants
Funding History
What This Means for You
IBEW Local 702 Pension Trust is 51% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $653.6M in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. PBGC coverage provides a backstop, but benefits could be reduced to PBGC maximums in a worst-case scenario. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $668.3M | $1.3B | 50.6% | $43.0M |
| 2024 | $632.6M | $1.3B | 48.8% | $48.7M |
| 2023 | $609.5M | $1.3B | 47.5% | $47.6M |
| 2022 | $607.7M | $1.2B | 52.6% | $42.4M |
| 2021 | $577.0M | $1.4B | 41.8% | $46.2M |