Corning Inc. Employees Pension Plan
corporate plan · Corning Inc. · Salt Lake City, UT
Funding History
What This Means for You
Corning Inc. Employees Pension Plan is in excellent financial health at 75% funded. This means for every dollar the plan owes in future benefits, it has 75 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $2.7B | $3.6B | 74.7% | $190.4M |
| 2024 | $2.6B | $3.2B | 79.7% | $152.4M |
| 2023 | $2.4B | $3.7B | 65.0% | $186.3M |
| 2022 | $2.4B | $3.7B | 64.3% | $138.7M |
| 2021 | $2.3B | $3.8B | 59.2% | $197.5M |
Frequently Asked Questions
Corning Inc. Employees Pension Plan is 75% funded, meaning it has 75 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Corning Inc. Employees Pension Plan has 22,620 total participants, including 14,145 active employees and 8,475 retirees currently receiving benefits.
Yes, Corning Inc. Employees Pension Plan 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 "moderate."
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.