Painters Local 317 Pension Trust
multiemployer plan · Painters Local 317 · Indianapolis, IN
Funding History
What This Means for You
Painters Local 317 Pension Trust is in good financial health at 83% funded. This means for every dollar the plan owes in future benefits, it has 83 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 | $1.4B | $1.6B | 83.2% | $85.6M |
| 2024 | $1.3B | $1.6B | 83.8% | $87.0M |
| 2023 | $1.3B | $1.6B | 79.4% | $106.2M |
| 2022 | $1.2B | $1.3B | 92.5% | $91.0M |
| 2021 | $1.2B | $1.4B | 82.4% | $104.2M |
Frequently Asked Questions
Painters Local 317 Pension Trust is 83% funded, meaning it has 83 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Painters Local 317 Pension Trust has 6,037 total participants, including 2,185 active employees and 3,852 retirees currently receiving benefits.
Yes, Painters Local 317 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 "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.