Operating Engineers Local 218 Pension Trust
multiemployer plan · Operating Engineers Local 218 · Montpelier, VT
ACTIVEPBGC Covered
D
Pension Health Score
40/100
Funding Status53% Funded
0%80% threshold100%
$1.3B
Total Assets
$2.5B
Total Liabilities
$1.2B
Unfunded Liability
18,973
Participants
Funding History
What This Means for You
Operating Engineers Local 218 Pension Trust is significantly underfunded at 53%, with $1.2B in unfunded liabilities affecting 18,973 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 | $1.3B | $2.5B | 53.0% | $88.6M |
| 2024 | $1.3B | $2.7B | 47.9% | $102.3M |
| 2023 | $1.3B | $2.8B | 45.1% | $107.2M |
| 2022 | $1.2B | $2.2B | 54.1% | $99.9M |
| 2021 | $1.2B | $2.0B | 57.7% | $81.1M |