Painters Local 242 Pension Trust
multiemployer plan · Painters Local 242 · Grand Island, NE
ACTIVEPBGC Covered
D
Pension Health Score
36/100
Funding Status47% Funded
0%80% threshold100%
$162.4M
Total Assets
$348.8M
Total Liabilities
$186.4M
Unfunded Liability
11,374
Participants
Funding History
What This Means for You
Painters Local 242 Pension Trust is significantly underfunded at 47%, with $186.4M in unfunded liabilities affecting 11,374 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 | $162.4M | $348.8M | 46.6% | $14.0M |
| 2024 | $159.4M | $318.8M | 50.0% | $12.0M |
| 2023 | $153.0M | $400.6M | 38.2% | $11.8M |
| 2022 | $148.1M | $302.2M | 49.0% | $10.7M |
| 2021 | $140.2M | $270.7M | 51.8% | $10.3M |