International Brotherhood of Boilermakers Pension Trust
multiemployer plan · Boilermakers Union · Topeka, KS
Funding History
What This Means for You
International Brotherhood of Boilermakers Pension Trust is in good financial health at 64% funded. This means for every dollar the plan owes in future benefits, it has 64 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 | $2.9B | $4.6B | 63.5% | $155.8M |
| 2024 | $2.8B | $4.5B | 60.9% | $156.1M |
| 2023 | $2.7B | $4.5B | 58.8% | $180.9M |
| 2022 | $2.6B | $4.1B | 64.6% | $137.6M |
| 2021 | $2.5B | $4.5B | 54.9% | $192.9M |
Frequently Asked Questions
International Brotherhood of Boilermakers Pension Trust is 64% funded, meaning it has 64 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
International Brotherhood of Boilermakers Pension Trust has 31,240 total participants, including 18,857 active employees and 12,383 retirees currently receiving benefits.
Yes, International Brotherhood of Boilermakers 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.