Eaton Corporation Employees Pension Plan
corporate plan · Eaton Corporation · Hattiesburg, MS
Funding History
What This Means for You
Eaton Corporation Employees Pension Plan is significantly underfunded at 61%, with $2.6B in unfunded liabilities affecting 12,183 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. 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 | $4.2B | $6.8B | 61.2% | $209.3M |
| 2024 | $3.9B | $6.6B | 59.4% | $226.0M |
| 2023 | $3.9B | $6.8B | 57.0% | $198.3M |
| 2022 | $3.7B | $5.9B | 63.4% | $207.2M |
| 2021 | $3.5B | $5.2B | 67.6% | $195.8M |
Frequently Asked Questions
Eaton Corporation Employees Pension Plan is 61% funded, meaning it has 61 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Eaton Corporation Employees Pension Plan has 12,183 total participants, including 7,738 active employees and 4,445 retirees currently receiving benefits.
Yes, Eaton Corporation 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 "high."
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.