IBEW Local 331 Pension Trust
multiemployer plan · IBEW Local 331 · Tulsa, OK
Funding History
What This Means for You
IBEW Local 331 Pension Trust is significantly underfunded at 55%, with $1.4B in unfunded liabilities affecting 6,947 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 | $1.7B | $3.1B | 55.0% | $65.6M |
| 2024 | $1.7B | $3.0B | 55.2% | $63.1M |
| 2023 | $1.6B | $2.7B | 57.9% | $68.6M |
| 2022 | $1.5B | $2.5B | 59.7% | $65.5M |
| 2021 | $1.5B | $2.4B | 62.6% | $79.7M |
Frequently Asked Questions
IBEW Local 331 Pension Trust is 55% funded, meaning it has 55 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
IBEW Local 331 Pension Trust has 6,947 total participants, including 2,678 active employees and 4,269 retirees currently receiving benefits.
Yes, IBEW Local 331 Pension Trust 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.