United Mine Workers of America Health & Retirement Fund
multiemployer plan · UMWA · Washington, DC
Funding History
What This Means for You
United Mine Workers of America Health & Retirement Fund is significantly underfunded at 51%, with $4.1B in unfunded liabilities affecting 85,806 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 | $4.2B | $8.3B | 51.0% | $240.7M |
| 2024 | $4.2B | $7.2B | 58.0% | $229.0M |
| 2023 | $4.0B | $9.3B | 42.6% | $255.6M |
| 2022 | $3.7B | $6.8B | 55.1% | $196.2M |
| 2021 | $3.6B | $6.7B | 53.8% | $206.8M |
Frequently Asked Questions
United Mine Workers of America Health & Retirement Fund is 51% funded, meaning it has 51 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
United Mine Workers of America Health & Retirement Fund has 85,806 total participants, including 46,941 active employees and 38,865 retirees currently receiving benefits.
Yes, United Mine Workers of America Health & Retirement 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.