Teamsters Local 710 Pension Fund
multiemployer plan · Teamsters Local 710 · Rockford, IL
ACTIVEPBGC Covered
F
Pension Health Score
18/100
Funding Status31% Funded
0%80% threshold100%
$728.3M
Total Assets
$2.3B
Total Liabilities
$1.6B
Unfunded Liability
14,130
Participants
Funding History
What This Means for You
Teamsters Local 710 Pension Fund is significantly underfunded at 31%, with $1.6B in unfunded liabilities affecting 14,130 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. 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 | $728.3M | $2.3B | 31.4% | $50.4M |
| 2024 | $700.0M | $2.6B | 26.9% | $44.1M |
| 2023 | $696.1M | $1.9B | 35.9% | $50.0M |
| 2022 | $630.1M | $1.7B | 37.8% | $50.8M |
| 2021 | $639.3M | $1.6B | 40.0% | $37.3M |