Breaking News: New MPRA Filing

Appearing today on the MPRA website, Arizona Bricklayers Pension Trust Fund out of Phoenix, AZ filed to cut benefits.

From their latest 5500 filing:

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

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