Breaking News: Two New MPRA Filings

Even with the probability  a bailout next year there are two mulitemployer plans that applied to cut benefits under MPRA including a first-time filer and a really big second-time filer.

From their latest 5500 filings:

Plan Name: Arizona Bricklayers Pension Trust Fund
EIN/PN: 51-6119487/001
Total participants @ 12/31/19: 680 including:
Retirees: 326
Separated but entitled to benefits: 300
Still working: 54

Asset Value (Market) @ 1/1/19: $26,730,380
Value of liabilities using RPA rate (3.06%) @ 1/1/19: $46,868,265 including:
Retirees: $27,559,738
Separated but entitled to benefits: $17,416,159
Still working: $1,892,368

Funded ratio: 57.03%
Unfunded Liabilities as of 1/1/19: $20,137,885

Asset Value (Market) as of 12/31/19: $29,321,658
Contributions: $115,394
Payouts: $2,128,450
Expenses: $426,069

Plan Name: Carpenters’ Pension Trust Fund – Detroit and Vicinity
EIN/PN: 38-6242188/001
Total participants @ 4/30/19: 20,252 including:
Retirees: 8,795
Separated but entitled to benefits: 6,536
Still working: 5,021

Asset Value (Market) @ 5/1/18: $761,729,009
Value of liabilities using RPA rate (2.99%) @ 5/1/18: $3,977,510,040 including:
Retirees: $2,319,183,732
Separated but entitled to benefits: $633,934,879
Still working: $1,024,391,429

Funded ratio: 19.15%
Unfunded Liabilities as of 5/1/18: $3,215,781,031

Asset Value (Market) as of 4/30/19: $772,279,905
Contributions: $116,595,346
Payouts: $151,029,798
Expenses: $7,035,736

29 responses to this post.

  1. Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on October 28, 2020 at 8:11 pm

    No bailout will be coming unless Sleepy Joe wins, and that is NOT happening. Trump is going to destroy Sleepy Joe.

    BTW If Sleepy Joe DID win this is how Sleepy Joe is going to pay for those upside down (far above SS) pensions will be bailed out:

    Reply

    • Posted by Tough Love on October 28, 2020 at 9:06 pm

      You certainly aren’t paying attention to the polls ……

      Trump is ……….. “in the toilet” …………… in ALL the polls.

      Reply

      • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on October 29, 2020 at 6:32 pm

        You certainly aren’t paying attention to the polls ……
        Oh…Right…Like How Billary WON … In The Polls in 2016 …. My….Bad 😎😎😎
        .

        “A group of major pollsters just released an autopsy report to explain why the polls were such a disaster in 2016”
        .
        The analysis, released Thursday by the American Association for Public Opinion Research, found that the biggest culprit was state-level polling underestimating the level of Trump’s support, most importantly in Pennsylvania, Michigan, and Wisconsin.
        .
        https://www.businessinsider.com/trump-hillary-clinton-why-polls-wrong-2017-5

        Reply

    • Posted by Tough Love on October 28, 2020 at 9:20 pm

      And the Senate will flip to Democratic.

      The Republicans DESERVE IT because they stood by, doing nothing and allowing the lunatic Trump to stomp all over America’s democracy..

      Reply

      • Posted by Anonymous on October 29, 2020 at 8:24 am

        Dear TL – For an obviously intelligent person, you make little sense to me. You understand the problems presented by our unfunded and unbalanced public sector benefit commitments. Yet, your obvious level of TDS is blinding you to repercussions of a Biden/Harris win, and more importantly a D Senate majority. You need to look beyond your personality issues with Trump and weigh what is best for your country. My humble opinion.

        Reply

        • Posted by Tough Love on October 29, 2020 at 12:13 pm

          FWIW,

          I believe the BEST outcome for America would be a Democratic President and Senate, and a Republican House.

          We “need” controls on one-party control (BOTH parties now acting crazy) and the above seems best.

          Given their outrageous conduct over the past FIVE years, the Republicans deserve to lose the Senate.

          Reply

          • Posted by Tough Love on October 29, 2020 at 1:52 pm

            And …………. because the Supreme Court is now too unbalanced …. 6 to 3 Conservative.

            A Democratic President AND Senate can fix that, but “packing” (increasing the # of Judges) is also an option.

          • Posted by Anonymous on October 29, 2020 at 2:14 pm

            FWIW,

            One-party D rule would put us one big step down the road to Socialism, and I think you are smart enough to know that, if you could see through your TDS haze. Again, my humble opinion, even if correct, and I hope we don’t get the chance to prove my point. Isn’t Bruce Springsteen an Australian? I hate it even more when Pop Stars, professional athletes, and media pundits tell me how I should think. I have a mind of my own.

          • Posted by Tough Love on October 29, 2020 at 3:32 pm

            My above suggestion was NOT one-party rule ….. and NECESSARY to keep the crazy politicians in BOTH parties in check.

            Democratic PRES. & Senate

            Republican House
            ———————

            P.S. … Bruce Springsteen was born at Monmouth Medical Center, in Long Branch, New Jersey, on September 23, 1949.

          • Posted by NJ2AZ on October 29, 2020 at 3:43 pm

            i’d rather have wacko republican judges than whacko “the government an do literally anything” whacko liberal judges.

            Democratic potus, republican senate, don’t care about the house it mostly just loony toons anyways

          • Posted by Anonymous on October 29, 2020 at 3:53 pm

            I’d be very careful about what you wish for. Republicans will not take the House this time around, which will result in the one-party rule, for the next two years, at least. BTW, much more information than I needed on The Boss. It was meant as a joke in any case. Lighten up.

          • Posted by Tough Love on October 29, 2020 at 6:36 pm

            Putting aside Trump (who is completely unfit and with major behavioral, emotional, and intellectual “defects”), the Senate has (over the past 4 years), by putting up with the insanity/antics of Trump gone off-the-rails.

            Americas need, and deserves a time-out for these Senate idiots. Too bad if they have to watch Biden unravel all of Trumps MANY MANY wrong decisions. And I do not believe (even for a minute) that Biden will let the “Liberals” rule the roost ………. noting that he is more of a Moderate and still has approval/veto power.
            ———————

            And let’s get back to letting SCIENCE, DATA, and well-reasoned analysis and thinking guide our decisions instead of Trump approach ….. his “gut” (lol) and what helps him politically and financially (with little else mattering).

          • Posted by Anonymous on October 29, 2020 at 10:41 pm

            You should listen to yourself. Can you listen to yourself? It’s a bit frightening to me. Is there someone you can talk to? I am worried about you if your dreams don’t come true. And, BTW, I agree with many of your points in regard to the current state of public employee benefits.

          • Posted by Tough Love on October 29, 2020 at 11:05 pm

            Anon,

            The voting will soon be over, and HOPEFULLY, the final count will be finalized within a few days, and be ACCEPTED by the losing party w/o chaos. If it’s even remotely close, I believe Trump will pursue every dirty trick imaginable to steal the election.

            But once it’s over we can all get back to bitching about the ludicrously excessive Public Sector pension & benefits …….. with the moochers who disagree and are never satisfied with EQUAL.

        • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on October 29, 2020 at 6:33 pm

          I believe the BEST outcome for America would be a Democratic President and Senate, and a Republican House.
          Stick a fork in TL, because she is DONE 🤮🤮🤮

          Reply

    • Posted by NJ2AZ on October 28, 2020 at 9:33 pm

      i’m not a trump guy but this is the best ad i’ve seen, by a mile

      cracked me up

      Reply

      • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on October 29, 2020 at 6:36 pm

        LOL@ “Zombie Uprising” Great video 🎃🎃🎃

        Reply

    • Posted by MJF on October 29, 2020 at 9:43 am

      You old dawg Rex. Kept my hunter going on pain killers for a while but the end came a month ago, sad.
      Anyway plz stop calling these things pensions. They are full wage continuation payment agreements arrived at through political corruption. LOL.

      Reply

    • “How many of you did really well with that $1.9 trillion tax cut?” When one person off-camera raises their hand, he says, “Well that’s good… but guess what? If you elect me your taxes are gonna be raised, not cut… if you benefited from that.”

      Reply

    • Posted by Harry Van Alstyne on October 30, 2020 at 7:57 am

      Trump is an idiot and if you believe all of his lies I have a bridge to sell you!

      Reply

    • Posted by Becky on November 5, 2020 at 8:23 am

      doesn’t seem like you called it right

      Reply

  2. Not to mention classic out of context video editing.
    DJTJ, chump off the old block

    Reply

    • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on October 29, 2020 at 6:45 pm

      Well, at least Trump is … WINNING Baby! 🎃🎃🎃

      Reply

  3. Posted by Tough Love on October 29, 2020 at 12:47 pm

    Off Topic ……………

    Article: “Tucker Carlson’s conspiracy theory falls apart in the weirdest way possible”

    https://www.aol.com/article/entertainment/2020/10/29/tucker-carlsons-conspiracy-theory-falls-apart-in-the-weirdest-way-possible/24667048/

    Trump really needs to find SMARTER friends.

    Reply

  4. Posted by Tough Love on October 29, 2020 at 1:49 pm

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