Painters Local 264 Pension Trust
multiemployer plan · Painters Local 264 · Gulfport, MS
ACTIVEPBGC Covered
D
Pension Health Score
43/100
Funding Status35% Funded
0%80% threshold100%
$894.9M
Total Assets
$2.6B
Total Liabilities
$1.7B
Unfunded Liability
9,156
Participants
Funding History
What This Means for You
Painters Local 264 Pension Trust is significantly underfunded at 35%, with $1.7B in unfunded liabilities affecting 9,156 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 | $894.9M | $2.6B | 34.8% | $64.4M |
| 2024 | $865.3M | $2.1B | 40.6% | $63.1M |
| 2023 | $818.4M | $2.8B | 29.4% | $60.4M |
| 2022 | $817.3M | $3.5B | 23.3% | $51.5M |
| 2021 | $750.2M | $2.7B | 27.8% | $44.7M |