General Dynamics Corporation Pension Plan
corporate plan · General Dynamics · Richmond, VA
Funding History
What This Means for You
General Dynamics Corporation Pension Plan is in excellent financial health at 84% funded. This means for every dollar the plan owes in future benefits, it has 84 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 | $14.9B | $17.8B | 83.9% | $628.0M |
| 2024 | $14.7B | $17.7B | 83.3% | $667.5M |
| 2023 | $14.1B | $16.6B | 84.6% | $620.3M |
| 2022 | $13.4B | $17.6B | 76.5% | $701.4M |
| 2021 | $12.8B | $17.2B | 74.6% | $611.3M |
Frequently Asked Questions
General Dynamics Corporation Pension Plan is 84% funded, meaning it has 84 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
General Dynamics Corporation Pension Plan has 73,799 total participants, including 40,850 active employees and 32,949 retirees currently receiving benefits.
Yes, General Dynamics Corporation 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 "low."
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.