Plumbers & Pipefitters National Pension Fund
multiemployer plan · United Association · Washington, DC
Funding History
What This Means for You
Plumbers & Pipefitters National Pension Fund 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 | $19.0B | $31.6B | 60.2% | $1.5B |
| 2024 | $18.3B | $30.0B | 60.9% | $1.7B |
| 2023 | $18.1B | $30.5B | 59.5% | $1.5B |
| 2022 | $16.6B | $30.8B | 54.0% | $1.5B |
| 2021 | $16.5B | $34.6B | 47.7% | $1.3B |
Frequently Asked Questions
Plumbers & Pipefitters National Pension Fund 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.
Plumbers & Pipefitters National Pension Fund has 449,654 total participants, including 219,583 active employees and 230,071 retirees currently receiving benefits.
Yes, Plumbers & Pipefitters National Pension Fund 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.