F
Grade F Pension Plans — Critical
6 plans rated Grade F. These plans face serious solvency concerns. Benefit reductions or restructuring may be necessary.
| # | Plan Name | Type | State | Participants | Funding Ratio | Unfunded Gap | Score |
|---|---|---|---|---|---|---|---|
| 1 | Central States, Southeast & Southwest Areas Pension Fund Teamsters Central States | multiemployer | IL | 380,000 | 22.0% | $33.7B | 29 |
| 2 | Kentucky Employees Retirement System (KERS) State of Kentucky | public | KY | 142,000 | 20.4% | $28.1B | 32 |
| 3 | Chicago Municipal Employees Annuity & Benefit Fund City of Chicago | public | IL | 59,000 | 25.3% | $18.0B | 33 |
| 4 | Chicago Policemen's Annuity & Benefit Fund City of Chicago | public | IL | 31,000 | 23.3% | $15.8B | 32 |
| 5 | Chicago Firefighters Annuity & Benefit Fund City of Chicago | public | IL | 13,500 | 19.5% | $7.8B | 29 |
| 6 | Teamsters Local 710 Pension Fund Teamsters Local 710 | multiemployer | IL | 13,500 | 30.1% | $1.5B | 33 |
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Frequently Asked Questions
What does a Grade F pension plan mean?
A Grade F pension plan is severely underfunded with high risk of benefit cuts. The grade is based on funding ratio (50%), 3-year funding trend (30%), and PBGC risk level (20%).
How many pension plans are rated Grade F?
There are 6 pension plans currently rated Grade F in our database.
Should I be worried about a Grade F pension?
These plans face serious solvency concerns. Benefit reductions or restructuring may be necessary.