Ironworkers Local 960 Pension Trust
multiemployer plan · Ironworkers Local 960 · Albuquerque, NM
ACTIVEPBGC Covered
C
Pension Health Score
62/100
Funding Status69% Funded
0%80% threshold100%
$101.2M
Total Assets
$147.5M
Total Liabilities
$46.3M
Unfunded Liability
17,534
Participants
Funding History
What This Means for You
Ironworkers Local 960 Pension Trust is 69% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $46.3M 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 | $101.2M | $147.5M | 68.6% | $7.2M |
| 2024 | $98.1M | $144.5M | 67.9% | $8.0M |
| 2023 | $96.8M | $130.6M | 74.1% | $7.7M |
| 2022 | $89.4M | $120.2M | 74.4% | $5.9M |
| 2021 | $84.2M | $122.9M | 68.5% | $7.9M |