Steelworkers Local 966 Pension Trust
multiemployer plan · Steelworkers Local 966 · Sacramento, CA
ACTIVEPBGC Covered
D
Pension Health Score
49/100
Funding Status48% Funded
0%80% threshold100%
$608.8M
Total Assets
$1.3B
Total Liabilities
$670.2M
Unfunded Liability
8,201
Participants
Funding History
What This Means for You
Steelworkers Local 966 Pension Trust is significantly underfunded at 48%, with $670.2M in unfunded liabilities affecting 8,201 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 | $608.8M | $1.3B | 47.6% | $45.0M |
| 2024 | $593.6M | $1.3B | 44.3% | $41.2M |
| 2023 | $578.9M | $1.2B | 47.0% | $43.5M |
| 2022 | $555.4M | $1.0B | 53.2% | $46.8M |
| 2021 | $500.6M | $1.1B | 44.5% | $40.7M |