News

➤ Why is our pension plan’s funding status lower than other trades?

  • It is not lower. A Spring 2018 Multiemployer Pension Funding Study indicates that pension plans on average achieved an aggregated funding status of 82-83%, the highest since the market collapse in 2008 (when the average was 85%). The 2017 rate of our plan was funded at 81.2%. It is already rising.
  • We are currently on track to be 100% funded by 2027.
  • Some trades have higher funded plans. Most of those plans are putting a lot of money: $8, $10, $12 per hour into non-accrual (funds that are not accruing a direct benefit for plan participants) to raise the funding status.

Did You Know?

PNWRCC offers scholarships for your kids.

The Northwest Carpenters’ Union values education, and offers both our members and their families access to the high quality college education that working members of the Northwest’s middle class deserve. Apply Now

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