Teamsters Local 267 Pension Trust
multiemployer plan · Teamsters Local 267 · Cranston, RI
Funding History
What This Means for You
Teamsters Local 267 Pension Trust is significantly underfunded at 42%, with $1.8B in unfunded liabilities affecting 12,717 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. 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 | $1.3B | $3.2B | 41.6% | $56.1M |
| 2024 | $1.3B | $3.0B | 42.3% | $61.3M |
| 2023 | $1.3B | $2.8B | 45.3% | $51.2M |
| 2022 | $1.1B | $3.0B | 38.2% | $69.0M |
| 2021 | $1.1B | $2.8B | 41.5% | $73.1M |
Frequently Asked Questions
Teamsters Local 267 Pension Trust is 42% funded, meaning it has 42 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Teamsters Local 267 Pension Trust has 12,717 total participants, including 7,557 active employees and 5,160 retirees currently receiving benefits.
Yes, Teamsters Local 267 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 "critical."
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.