Breaking News: Another Multiemployer Plan Files

The MPRA webstie popped up with another multiemployer plan filing to cut benefits. This time it was the Laborers Local 265 Pension Plan out of Cincinnati, OH.

Excerpts from their latest 5500 filing (for the 10/31/16 year end; we should have 10/31/17 next week):

Plan Name: Laborers Local 265 Pension Plan
EIN/PN: 31-6127282/001
Total participants @ 10/31/16: 1,333 including:
Retirees: 725
Separated but entitled to benefits: 311
Still working: 297

Asset Value (Market) @ 11/1/15: $55,590,098
Value of liabilities using RPA rate (3.29%) @ 11/1/15: $150,595,832 including:
Retirees: $91,207,912
Separated but entitled to benefits: $28,660,844
Still working: $30,727,076

Funded ratio: 36.91%
Unfunded Liabilities as of 11/1/15: $95,005,734

Asset Value (Market) as of 10/31/16: $50,786,954
Contributions: $1,991,568
Payouts: $7,189,999
Expenses: $513,248

One response to this post.

  1. […] Laborers Local 265 not being on the list above. […]

    Reply

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