IBEW Local 959 Pension Trust
multiemployer plan · IBEW Local 959 · Montpelier, VT
ACTIVEPBGC Covered
C
Pension Health Score
60/100
Funding Status74% Funded
0%80% threshold100%
$1.2B
Total Assets
$1.6B
Total Liabilities
$400.3M
Unfunded Liability
19,540
Participants
Funding History
What This Means for You
IBEW Local 959 Pension Trust is 74% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $400.3M 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 | $1.2B | $1.6B | 74.2% | $65.1M |
| 2024 | $1.1B | $1.5B | 75.2% | $81.0M |
| 2023 | $1.1B | $1.4B | 74.3% | $65.4M |
| 2022 | $1.1B | $1.3B | 80.7% | $65.3M |
| 2021 | $972.7M | $1.2B | 77.9% | $82.3M |