Steelworkers Local 518 Pension Trust
multiemployer plan · Steelworkers Local 518 · Denver, CO
ACTIVEPBGC Covered
C
Pension Health Score
60/100
Funding Status58% Funded
0%80% threshold100%
$838.3M
Total Assets
$1.5B
Total Liabilities
$617.7M
Unfunded Liability
12,633
Participants
Funding History
What This Means for You
Steelworkers Local 518 Pension Trust is 58% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $617.7M 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 | $838.3M | $1.5B | 57.6% | $52.2M |
| 2024 | $795.6M | $1.4B | 55.3% | $51.5M |
| 2023 | $792.4M | $1.3B | 62.0% | $72.3M |
| 2022 | $751.4M | $1.3B | 55.8% | $50.3M |
| 2021 | $717.7M | $1.4B | 50.6% | $67.6M |