➤ I got our pension funding notice in the mail in April and it said our pension’s funding status dropped. I’m worried I will not have the benefits I was promised.

  • The plan funding status as of January 2017 was 81.2%.
  • The fund is still absorbing the “smoothing” effects that were adopted to reduce the impact of the 2008 recession on investment returns.
  • The plan funding status lags by one year. We will see the results of the SIB (plan change) start to show in coming years.
  • The plan is currently slated to be 100% funded by 2027.

Did You Know?

Apprenticeships help business.

Apprentices are great for business: helps recruit and develop a highly skilled work force; improves productivity and the bottom line; provides opportunities for tax credits and employee tuition benefits in some states; reduces turnover costs and increases employee retention; and creates industry-driven, flexible training solutions for local and national needs. Learn More


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