Painters Local 604 Pension Trust
multiemployer plan · Painters Local 604 · Rochester, NY
ACTIVEPBGC Covered
C
Pension Health Score
56/100
Funding Status55% Funded
0%80% threshold100%
$1.3B
Total Assets
$2.4B
Total Liabilities
$1.1B
Unfunded Liability
14,411
Participants
Funding History
What This Means for You
Painters Local 604 Pension Trust is 55% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $1.1B 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 | $1.3B | $2.4B | 54.9% | $73.0M |
| 2024 | $1.3B | $2.5B | 51.6% | $78.2M |
| 2023 | $1.2B | $2.7B | 45.3% | $78.4M |
| 2022 | $1.2B | $2.2B | 52.0% | $72.7M |
| 2021 | $1.1B | $2.3B | 49.6% | $101.5M |