SEIU National Industry Pension Fund
multiemployer plan · Service Employees International Union · Washington, DC
Funding History
What This Means for You
SEIU National Industry Pension Fund is significantly underfunded at 50%, with $3.9B in unfunded liabilities affecting 109,719 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 | $4.0B | $7.9B | 50.3% | $235.3M |
| 2024 | $3.9B | $7.5B | 51.6% | $222.6M |
| 2023 | $3.7B | $7.0B | 52.4% | $272.9M |
| 2022 | $3.4B | $6.3B | 54.1% | $266.0M |
| 2021 | $3.3B | $6.6B | 49.9% | $282.2M |
Frequently Asked Questions
SEIU National Industry Pension Fund is 50% funded, meaning it has 50 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
SEIU National Industry Pension Fund has 109,719 total participants, including 70,224 active employees and 39,495 retirees currently receiving benefits.
Yes, SEIU National Industry 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.