Plumbers Local 116 Pension Trust
multiemployer plan · Plumbers Local 116 · Raleigh, NC
ACTIVEPBGC Covered
D
Pension Health Score
44/100
Funding Status52% Funded
0%80% threshold100%
$1.7B
Total Assets
$3.3B
Total Liabilities
$1.6B
Unfunded Liability
13,802
Participants
Funding History
What This Means for You
Plumbers Local 116 Pension Trust is significantly underfunded at 52%, with $1.6B in unfunded liabilities affecting 13,802 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 | $1.7B | $3.3B | 51.6% | $87.6M |
| 2024 | $1.7B | $3.7B | 45.2% | $118.5M |
| 2023 | $1.6B | $3.3B | 47.1% | $98.8M |
| 2022 | $1.6B | $2.9B | 54.3% | $97.0M |
| 2021 | $1.5B | $2.8B | 53.5% | $100.3M |