Bakery & Confectionery Union Industry Pension Fund
multiemployer plan · BCTGM International Union · Baltimore, MD
Funding History
What This Means for You
Bakery & Confectionery Union Industry Pension Fund is significantly underfunded at 39%, with $6.2B in unfunded liabilities affecting 66,197 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 | $3.9B | $10.1B | 38.8% | $130.8M |
| 2024 | $3.8B | $11.0B | 34.9% | $162.2M |
| 2023 | $3.6B | $11.1B | 32.4% | $191.9M |
| 2022 | $3.6B | $8.0B | 44.4% | $136.7M |
| 2021 | $3.4B | $13.3B | 25.8% | $136.5M |
Frequently Asked Questions
Bakery & Confectionery Union Industry Pension Fund is 39% funded, meaning it has 39 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Bakery & Confectionery Union Industry Pension Fund has 66,197 total participants, including 39,204 active employees and 26,993 retirees currently receiving benefits.
Yes, Bakery & Confectionery Union Industry Pension Fund is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "critical."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.