Breaking News: Nineteenth Union Plan Files

Just appearing on the MPRA website is the Plasterers and Cement Masons Local No. 94 Pension Fund out of Harrisburg, PA.

From their latest 5500:

Plan Name: Plasterers and Cement Masons Local 94 Pension Fund
EIN/PN: 23-6445411/001
Total participants @ 4/30/17: 116 including:
Retirees: 61
Separated but entitled to benefits: 15
Still working: 40

Asset Value (Market) @ 5/1/16: $2,315,124
Value of liabilities using RPA rate (3.22%) @ 5/1/16: $9,126,112 including:
Retirees: $6,173,809
Separated but entitled to benefits: $1,036,580
Still working: $1,915,723

Funded ratio: 25.37%
Unfunded Liabilities as of 1/1/16: $6,810,988

Asset Value (Market) as of 4/30/17: $2,271,082
Contributions (MB): $358,403
Contributions (H): $425,245
Payouts: $618,985
Expenses: $82,062

2 responses to this post.

  1. Posted by geo8rge on April 19, 2018 at 5:26 pm

    Retirees: 61 Payouts: $618,985 or about $10,000 per retiree.

    PBGC guarantee.
    A single 65 yo would get $5,420.45 or $4,878.41 with a 50% joint survivor

    PBGC maximums.
    https://www.pbgc.gov/wr/benefits/guaranteed-benefits/maximum-guarantee

    Reply

  2. […] Plasterers & Cement Masons Local 94 & Pension Fund […]

    Reply

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