Steelworkers Local 495 Pension Trust
multiemployer plan · Steelworkers Local 495 · Shreveport, LA
Funding History
What This Means for You
Steelworkers Local 495 Pension Trust is in good financial health at 88% funded. This means for every dollar the plan owes in future benefits, it has 88 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 | $898.3M | $1.0B | 87.5% | $62.6M |
| 2024 | $851.2M | $932.3M | 91.3% | $50.9M |
| 2023 | $825.0M | $936.4M | 88.1% | $64.8M |
| 2022 | $798.4M | $901.1M | 88.6% | $53.6M |
| 2021 | $751.9M | $777.6M | 96.7% | $60.3M |
Frequently Asked Questions
Steelworkers Local 495 Pension Trust is 88% funded, meaning it has 88 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Steelworkers Local 495 Pension Trust has 7,202 total participants, including 3,215 active employees and 3,987 retirees currently receiving benefits.
Yes, Steelworkers Local 495 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.