Painters Local 395 Pension Trust
multiemployer plan · Painters Local 395 · New York City, NY
ACTIVEPBGC Covered
C
Pension Health Score
58/100
Funding Status46% Funded
0%80% threshold100%
$1.9B
Total Assets
$4.2B
Total Liabilities
$2.3B
Unfunded Liability
10,792
Participants
Funding History
What This Means for You
Painters Local 395 Pension Trust is 46% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $2.3B 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 | $1.9B | $4.2B | 45.7% | $84.4M |
| 2024 | $1.9B | $4.4B | 43.0% | $67.7M |
| 2023 | $1.7B | $3.8B | 45.0% | $69.9M |
| 2022 | $1.7B | $3.4B | 50.6% | $85.5M |
| 2021 | $1.6B | $4.5B | 36.2% | $70.9M |