Breaking News: Another Union Plan Withdraws

The Southwest Ohio Regional Council of Carpenters Pension Plan out of Austintown, OH was the fifteenth (and last) multiemployer plan to file for benefit suspensions under MPRA. Today a letter popped up on the MPRA website withdrawing that application.

Also this week they submitted their 5500 filing for 2016 updating their funded status:

Plan Name: SW OH Regional Council of Carpenters Pension Plan
EIN/PN: 31-6127287/001
Total participants @ 12/31/16: 5,501 including:
Retirees: 2,647
Separated but entitled to benefits: 1,163
Still working: 1,691

Asset Value (Market) @ 1/1/16: $213,252,642
Value of liabilities using RPA rate (3.28%) @ 1/1/16: $668,817,126 including:
Retirees: $397,586,825
Separated but entitled to benefits: $119,624,731
Still working: $151,605,570

Funded ratio: 31.89%
Unfunded Liabilities as of 1/1/16: $455,564,484

Asset Value (Market) as of 12/31/16: $218,949,354
Contributions: $17,502,825
Payouts: $30,693,089
Expenses: $1,655,806

 

One response to this post.

  1. […] Ohio Southwest Carpenters Pension Plan […]

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