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Plans that have filed "critical and declining" status notices with the U.S. Department of Labor

Plans that have filed "critical and declining" status notices with the U.S. Depa
Date Published: 
Wednesday, February 10, 2016
Source/Author: 
Pension Rights Center

The Multiemployer Pension Reform Act of 2014 gives the trustees of underfunded multiemployer plans that meet the definition of being in “critical and declining” status almost unprecedented authority to cut retiree pension benefits.

Each plan listed below has notified the U.S. Department of Labor that it is in “critical and declining” status and eligible to make certain retiree benefit reductions. Click the name of each plan listed below to see the most recent notice for each plan.

Plans that have filed "critical and declining" status notices
Plan name Plan funding percentage Years to
insolvency
Plan year
beginning
Bakery and Confectionery Union and Industry International Pension Fund N/A within 9 years 1/1/2016
Bindery Industry Employees for GCC/IBT Pension Plan 38.50% within 5 years 1/1/2016
Bricklayers and Allied Craftworkers Local 5 New York Pension Plan N/A within 19 years 1/1/2016
Central States, Southeast and Southwest Areas Pension Fund less than 65% within 9 years 1/1/2016
Composition Roofers Local No. 42 Pension Plan  less than 80% within 20 years 1/1/2016
CWA/ITU Negotiated Pension Plan N/A within 15 years 1/1/2016
GCIU Detroit Newspaper Union 13N With Detroit Area Newspaper Publishers 65% or less within 3 years 1/1/2016
GCIU Employer Retirement Fund N/A within 21 years 1/1/2016
Idaho Signatory Employers - Laborers Pension Plan less than 65% within 20 years 1/1/2016
IRC-CMMIC Local 721 Pension Trust Fund N/A within 3 years 1/1/2016
Iron Workers-Laborers Pension Plan of Cumberland Maryland N/A within 20 years 1/1/2016
Ironworkers Local No. 16 Pension Fund N/A within 20 years 1/1/2016
IUE-CWA Pension Plan N/A within 13 years 1/1/2016
Local 138 Pension Trust Fund N/A within 7 years 1/1/2016
Local 1814 Riggers Pension Fund N/A within 14 years 1/1/2016
New York State Teamsters Conference Pension and Retirement Fund less than 65% within 19 years 1/1/2016
Operating Engineers Local 800 and Wyoming Contractors Association, Inc. Pension Plan for Wyoming N/A within 15 years 1/1/2016
Pension Fund of Moving Picture Machine Operators Union Local 306 less than 52% within 7 years 1/1/2016
Production Workers Pension Fund N/A within 11 years 1/1/2016
Radio, Television and Recording Arts Pension Fund N/A N/A 1/1/2016
Retail Clerks Specialty Stores Pension Fund N/A N/A 1/1/2016
Southwest Ohio Regional Councll of Carpenters Pension Plan less than 80% within 20 years 1/1/2016
Teamsters Local 469 Pension Plan N/A within 19 years 1/1/2016
Teamsters Local 837 Pension Plan N/A within 15 years 1/1/2016
Union de Tronquistas de Puerto Rico Local 901 less than 80% within 15 years 1/1/2016
United Independent Union – Newspaper Guild of Greater Philadelphia Pension Plan N/A within 8 years 1/1/2016
Warehouse Employees Union Local No. 730 Pension Trust Fund less than 65% within 14 years 1/1/2016
Western States Office and Professional Employees Pension Fund less than 80% within 20 years 1/1/2016
United Food and Commerical Workers Unions and Employers Midwest Pension Plan les than 80% within 20 years 12/1/2015
Bakery Drivers and Salesman Local 194 and Industry Pension Fund N/A within 2 years 11/1/2015
Bakery Drivers Local 550 and Industry Pension Fund less than 65% within 15 years 11/1/2015
Laborers Local 265 Pension Plan less than 65% within 17 years 11/1/2015
Cement Masons Local 783 Pension Plan N/A within the next 1 to 4 years 10/1/2015
Communications Workers Local 1109 Pension Plan N/A within 20 years 10/1/2015
Local 171 Pension Plan N/A within 19 years 10/1/2015
Local 734 Pension Plan N/A N/A 10/1/2015
Local Union No. 863 I.B. ofT. Pension Plan N/A within 15 years 9/1/2015
Pension Trust Fund Agreement of St. Louis Motion Picture Machine Operators N/A within 12 years 9/1/2015
International Association of Machinists Motor City Pension Fund N/A within 12 years 7/1/2015
Iron Workers Local 17 Pension Fund N/A within 20 years 7/1/2015
Local 1922 Pension Fund greater than 70% within 18 years 7/1/2015
Milk Industry Office Employees' Pension Plan less than 65% within 14 years 7/1/2015
Pension Plan of the Pension Fund of Amalgamated, Industrial and Toy & Novelty Workers of America, Local 223 N/A N/A 7/1/2015
Printers League GCIU Local 119B New York Pension Fund N/A within 5 years 7/1/2015
Retirement Plan on Bricklayers Local No. 1 of Richmond, Virginia N/A within 3 years 7/1/2015
United Mine Workers of America 1974 Pension Plan N/A within 10 years 7/1/2015
Asbestos Workers Local No. 8 Retirement Trust Plan less than 65% within 17 years 6/1/2015
Bricklayers and Allied Craftsmen Local No. 7 Pension Plan N/A within 15 years 5/1/2015
Bricklayers Local No. 55 Pension Plan less than 80% within 18 years 5/1/2015
International Association of Bridge, Structural, Ornamental and Reinforcing Ironworkers Local Union No.79 Fringe Benefit Funds N/A within 20 years 5/1/2015
Local 734 Pension Plan N/A within 20 years 5/1/2015
Local 805 IBT Pension and Retirement Fund N/A within 7 years 4/1/2015
Printing Local 72 Industry Pension Plan N/A within 20 years 3/1/2015
Teamsters Local 617 Pension Fund N/A N/A 3/1/2015
Teamsters Local 641 Pension Plan N/A within 19 years 3/1/2015
Road Carriers- Local707 Pension Plan N/A within 19 years 2/1/2015
Building Materials Drivers Union Local 436 Pension Plan N/A within 20 years 1/1/2015
Chicago Newspaper Publishers Drivers' Union Pension Plan N/A within 10 years 1/1/2015
Freight Drivers Local Union No. 557 Pension Fund less than 65% within 15 years 1/1/2015
International Brotherhood of Electrical Workers Eastern States Pension Plan less than 80% within 19 years 1/1/2015
Ironworkers Local 340 Retirement Income Plan less than 80% within 20 years 1/1/2015
Laborers Local 186 Pension Plan N/A within 19 years 1/1/2015
Local 305 CIO's Pension Fund N/A N/A 1/1/2015
National Integrated Group Pension Plan N/A N/A 1/1/2015
New Bedford Fishermen's Pension Plan N/A N/A 1/1/2015
Retirement Benefit Plan of GCIU Detroit Newspaper Union 13N With Detroit Area Newspaper Publishers less than 65% within 3 years 1/1/2015
Teamsters Local Union No. 408 Pension Plan N/A within 15 years 1/1/2015
Teamsters Union Local 52 Pension Fund less than 65% within 15 years 1/1/2015
United Food and Commercial Workers Union and Participating Food Industry Employers Tri-State Pension Plan less than 80% within 19 years 1/1/2015
UTWA NJ Union Employer Pension Plan N/A within 7 years 1/1/2015

 

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