Machinists Local 897 Pension Trust
multiemployer plan · Machinists Local 897 · Saint Paul, MN
ACTIVEPBGC Covered
D
Pension Health Score
41/100
Funding Status39% Funded
0%80% threshold100%
$306.6M
Total Assets
$794.2M
Total Liabilities
$487.6M
Unfunded Liability
10,796
Participants
Funding History
What This Means for You
Machinists Local 897 Pension Trust is significantly underfunded at 39%, with $487.6M in unfunded liabilities affecting 10,796 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 | $306.6M | $794.2M | 38.6% | $25.0M |
| 2024 | $292.2M | $847.1M | 34.5% | $24.0M |
| 2023 | $283.9M | $658.8M | 43.1% | $20.9M |
| 2022 | $268.2M | $601.4M | 44.6% | $21.4M |
| 2021 | $252.8M | $739.3M | 34.2% | $18.9M |