Schnitzer Steel Employees Pension Plan
corporate plan · Schnitzer Steel · Jersey City, NJ
ACTIVEPBGC Covered
A
Pension Health Score
97/100
Funding Status96% Funded
0%80% threshold100%
$2.8B
Total Assets
$2.9B
Total Liabilities
$125.8M
Unfunded Liability
9,553
Participants
Funding History
What This Means for You
Schnitzer Steel Employees Pension Plan is in excellent financial health at 96% funded. This means for every dollar the plan owes in future benefits, it has 96 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $2.8B | $2.9B | 95.7% | $115.2M |
| 2024 | $2.7B | $3.0B | 89.9% | $100.9M |
| 2023 | $2.6B | $2.7B | 96.1% | $115.2M |
| 2022 | $2.4B | $2.8B | 86.7% | $126.2M |
| 2021 | $2.4B | $2.8B | 86.1% | $125.1M |