Painters Local 838 Pension Trust
multiemployer plan · Painters Local 838 · Colorado Springs, CO
Funding History
What This Means for You
Painters Local 838 Pension Trust is in good financial health at 60% funded. This means for every dollar the plan owes in future benefits, it has 60 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 | $1.6B | $2.7B | 59.9% | $95.3M |
| 2024 | $1.5B | $2.9B | 53.8% | $125.1M |
| 2023 | $1.5B | $2.6B | 57.8% | $132.8M |
| 2022 | $1.4B | $2.7B | 51.6% | $91.6M |
| 2021 | $1.4B | $2.9B | 47.5% | $124.6M |
Frequently Asked Questions
Painters Local 838 Pension Trust is 60% funded, meaning it has 60 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Painters Local 838 Pension Trust has 15,656 total participants, including 8,540 active employees and 7,116 retirees currently receiving benefits.
Yes, Painters Local 838 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.