Breaking News: Local 805 Refiles

Local 805 Pension Fund of New York, NY withdrew their application for benefit suspensions last September reserving the right to refile. Today on the MPRA website their reapplication popped up.

From their latest 5500 filing:

Plan Name: Local 805 Pension and Retirement Fund
EIN/PN: 13-1917612/001
Total participants @ 3/31/17: 2,029 including:
Retirees: 996
Separated but entitled to benefits: 574
Still working: 459

Asset Value (Market) @ 4/1/16: $51,672,207
Value of liabilities using RPA rate (3.23%) @ 4/1/16: $227,557,297 including:
Retirees: $142,792,445
Separated but entitled to benefits: $40,425,695
Still working: $44,339,157

Funded ratio: 22.71%
Unfunded Liabilities as of 4/1/16: $175,885,090

Asset Value (Market) as of 3/31/17: $47,185,714
Contributions: $1,807,322
Payouts: $11,901,461
Expenses: $836,186

4 responses to this post.

  1. […] By now you probably know the Butch Lewis Act is moving forward.  I am calling for a test funding to include states as well as private pensions.  I am considering IL, CT, KY and OH as test cases. I have less familiarity on private pensions but am thinking of Central States, UMWA, and I am interested in learning more about the Local 805 Pension Fund of New York, as mentioned by Mr. Bury in; “Breaking News: Local 805 Refiles”. […]

    Reply

  2. […] what does this have to do with pensions, either NJ PERS or NY Local 805? In the case of Local 805, take a look at the table compiled by Mr. Bury.  The table shows about […]

    Reply

  3. […] Local 805 Ibt Pension & Retirement Plan Second Application […]

    Reply

  4. […] to cut benefits under MPRA. In September, 2017 they withdrew that application. This March they refiled and today they got their […]

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: