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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 with
the U.S. Department of Labor
Plan name Plan funding percentage* Years to insolvency* Plan year beginning Total # of participants
GCIU Employer Retirement Fund N/A  21 years 1/1/2016 49,587
IRC-CMMIC Local 721 Pension Trust Fund N/A  3 years 1/1/2016 1,362
Retail Clerks Specialty Stores Pension Fund N/A N/A 1/1/2016 1,850
CWA/ITU Negotiated Pension Plan N/A  15 years 1/1/2016 31,661
United Mine Workers of America 1974 Pension Plan N/A  10 years 7/1/2015 106,648
Central States, Southeast and Southwest Areas Pension Fund less than 65%  9 years 1/1/2016 401,646
Chicago Newspaper Publishers Drivers' Union Pension Plan N/A  10 years 1/1/2015 899
Local 171 Pension Plan N/A  19 years 10/1/2015 310
Local 734 Pension Plan (IL) N/A  20 years 5/1/2015 3,567
United Food and Commerical Workers Unions and Employers Midwest Pension Plan less than 80%  20 years 12/1/2015 43,715
IUE-CWA Pension Plan N/A  13 years 1/1/2016 18,006
Bakery and Confectionery Union and Industry International Pension Fund N/A  9 years 1/1/2016 112,469
Bricklayers Union Local 1 Pension Fund of Virginia N/A  3 years 9/1/2015 548
Freight Drivers Local Union No. 557 Pension Fund less than 65%  15 years 1/1/2015 2,833
Iron Workers-Laborers Pension Plan of Cumberland Maryland N/A  20 years 1/1/2016 796
Ironworkers Local No. 16 Pension Fund N/A  20 years 1/1/2016 1,119
Printing Local 72 Industry Pension Plan N/A  20 years 3/1/2015 903
Warehouse Employees Union Local No. 730 Pension Trust Fund less than 65%  14 years 1/1/2016 2,136
New Bedford Fishermen's Pension Plan N/A N/A 1/1/2015 78
GCIU Detroit Newspaper Union 13N With Detroit Area Newspaper Publishers 65% or less  3 years 1/1/2016 733
International Association of Machinists Motor City Pension Fund N/A  12 years 7/1/2015 1,197
Ironworkers Local 340 Retirement Income Plan less than 80%  20 years 1/1/2015 1,002
Pension Trust Fund Agreement of St. Louis Motion Picture Machine Operators N/A  12 years 9/1/2015 103
Bakery Drivers and Salesman Local 194 and Industry Pension Fund N/A  2 years 11/1/2015 1,806
Local 734 Pension Plan (NJ) N/A N/A 10/1/2015 2,575
Local Union No. 863 I.B. ofT. Pension Plan N/A  15 years 9/1/2015 2,823
Teamsters Local 469 Pension Plan N/A  19 years 1/1/2016 1,823
Teamsters Local 617 Pension Fund N/A N/A 3/1/2015 1,087
Teamsters Local 641 Pension Plan N/A  19 years 3/1/2015 4,086
Teamsters Local Union No. 408 Pension Plan N/A  15 years 1/1/2015 1,161
UTWA NJ Union Employer Pension Plan N/A  7 years 1/1/2015 578
Bakery Drivers Local 550 and Industry Pension Fund less than 65%  15 years 11/1/2015 1,928
Bricklayers and Allied Craftworkers Local 5 New York Pension Plan N/A  19 years 1/1/2016 949
Communications Workers Local 1109 Pension Plan N/A  20 years 10/1/2015 942
International Brotherhood of Electrical Workers Eastern States Pension Plan less than 80%  19 years 1/1/2015 559
Laborers Local 186 Pension Plan N/A  19 years 1/1/2015 435
Local 138 Pension Trust Fund N/A  7 years 1/1/2016 1,962
Local 1814 Riggers Pension Fund N/A  14 years 1/1/2016 92
Local 1922 Pension Fund greater than 70%  18 years 7/1/2015 1,333
Local 305 CIO's Pension Fund N/A N/A 1/1/2015 1,382
Local 805 IBT Pension and Retirement Fund N/A  7 years 4/1/2015 2,092
Milk Industry Office Employees' Pension Plan less than 65%  14 years 7/1/2015 78
New York State Teamsters Conference Pension and Retirement Fund less than 65%  19 years 1/1/2016 34,639
Pension Fund of Moving Picture Machine Operators Union Local 306 less than 52%  7 years 1/1/2016 673
Pension Plan of the Pension Fund of Amalgamated, Industrial and Toy & Novelty Workers of America, Local 223 N/A N/A 7/1/2015 2,279
Printers League GCIU Local 119B New York Pension Fund N/A  5 years 7/1/2015 1,700
Production Workers Pension Fund N/A  11 years 1/1/2016 441
Radio, Television and Recording Arts Pension Fund N/A N/A 1/1/2016 587
Road Carriers- Local707 Pension Plan N/A  19 years 2/1/2015 4,664
Asbestos Workers Local No. 8 Retirement Trust Plan less than 65%  17 years 6/1/2015 416
Bricklayers and Allied Craftsmen Local No. 7 Pension Plan N/A  15 years 5/1/2015 460
Bricklayers Local No. 55 Pension Plan less than 80%  18 years 5/1/2015 485
Building Materials Drivers Union Local 436 Pension Plan N/A  20 years 1/1/2015 1,821
Composition Roofers Local No. 42 Pension Plan  less than 80%  20 years 1/1/2016 458
Iron Workers Local 17 Pension Fund N/A  20 years 7/1/2015 1,971
Laborers Local 265 Pension Plan less than 65%  17 years 11/1/2015 1,336
Southwest Ohio Regional Councll of Carpenters Pension Plan less than 80%  20 years 1/1/2016 5,454
Teamsters Union Local 52 Pension Fund less than 65%  15 years 1/1/2015 978
Idaho Signatory Employers - Laborers Pension Plan less than 65%  20 years 1/1/2016 730
Western States Office and Professional Employees Pension Fund less than 80%  20 years 1/1/2016 7,867
Bindery Industry Employees for GCC/IBT Pension Plan 29.80%  5 years 1/1/2016 923
Teamsters Local 837 Pension Plan N/A  15 years 1/1/2016 1,759
United Food and Commercial Workers Union and Participating Food Industry Employers Tri-State Pension Plan less than 80%  19 years 1/1/2015 31,865
United Independent Union – Newspaper Guild of Greater Philadelphia Pension Plan N/A  8 years 1/1/2016 2,803
Union de Tronquistas de Puerto Rico Local 901 less than 80%  15 years 1/1/2016 4,329
Cement Masons Local 783 Pension Plan N/A  the next 1 to 4 years 10/1/2015 65
International Association of Bridge, Structural, Ornamental and Reinforcing Ironworkers Local Union No.79 Fringe Benefit Funds N/A  20 years 5/1/2015 405
Operating Engineers Local 800 and Wyoming Contractors Association, Inc. Pension Plan for Wyoming N/A  15 years 1/1/2016 1,217
         
Total number of participants in all plans that have filed critical and declining status notices with the U.S. Department of Labor 921,184
         
* The Pension Rights Center obtained this data based on information included in the critical and declining status noticed each plan filed with the U.S. Department of Labor.


Last updated: July 5, 2016

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