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The Multiemployer Pension Reform Act of 2014 allows the trustees of certain multiemployer pension plans to reduce pensions, including the benefits of retirees. Read a summary of the cutback provisions of the law here.
The Center for Retirement Research at Boston College has compiled a list of 100 plans that may be permitted to cut benefits as a result of the new law. This is not a definitive list. It was created using data from U.S. Department of Labor’s Form 5550s, financial reports that pension plans are required to file each year. All projections assume that money contributed to the plan and benefits paid remain at current levels and that the plan achieves an assumed rate of return each year. There may be plans on the list that are not eligible to reduce benefits, and there may be plans that are not on the list that are eligible to cut benefits, or that will be eligible in the future, if their financial status worsens.
It is important to note that the new law authorizes but does not require benefit cuts. It is up to plan trustees to decide whether to cut benefits and how much they will be reduced. You may want to contact the trustees of your plan and ask if they are planning to reduce benefits and, if so, how much the reductions will be.
Here is the list of plans in order by the state where the plan is headquartered.
Plans that may cut benefits as a result of the Multiemployer Pension Reform Act of 2014:
| Plan Name | Year of Data |
Projected Years until Insolvency | Ratio of Inactive to Actives | Total # of Members | Actuarial Funded Ratio |
| AB&GW Intl Union AFL-CIO Clc Eastern Dist Cncl No 12 Pension Plan | 2012 | 15 | 2.8 | 545 | 52.0% |
| Ala Lithographic Industry Pension Plan | 2012 | 5 | 19.3 | 4,126 | 35.2% |
| Alaska Ironworkers Pension Plan | 2013 | 16 | 5.3 | 808 | 54.3% |
| Americas Family Defined Benefit Plan | 2012 | 11 | 3.3 | 3,187 | 57.3% |
| Asbestos Workers Local Union No. 55 Pension Plan | 2012 | 17 | 3.2 | 269 | 75.7% |
| Asbestos Workers Union Local No. 64 Pension Plan | 2011 | 1 | 8.3 | 139 | 3.1% |
| Automotive Industries Pension Plan | 2012 | 19 | 5.3 | 26,331 | 58.3% |
| Bac Local #5 New York Pension Plan | 2012 | 12 | 4.1 | 972 | 45.3% |
| Bakery & Confectionery Union & Industry International Pension Fund | 2012 | 20 | 3.5 | 114,224 | 65.0% |
| Bakery and Sales Drivers’ Local 33 Industry Pension Plan | 2013 | 9 | 19.9 | 712 | 48.2% |
| Bakery Drivers & Salesmen Local 194 & Industry Pension Fund | 2012 | 14 | 4.1 | 1,882 | 69.6% |
| Bakery Drivers Local 550 and Industry Pension Fund | 2012 | 18 | 2.9 | 2,082 | 44.3% |
| Bakery Drivers Local 802 Pension Fund | 2012 | 15 | 3.4 | 1,816 | 58.1% |
| Bindery Industry Employers GCC/IBT Pension Plan | 2012 | 9 | 3.6 | 976 | 47.2% |
| Bricklayers & Allied Craftsmen Local 7 Pension | 2013 | 19 | 2.5 | 490 | 57.1% |
| Butcher and Provision Workers Pension Fund of Southern California | 2008 | 18 | 7.0 | 4,184 | 79.8% |
| California Winery Workers Pension Plan Trust | 2010 | 10 | 5,859 | 56.2% | |
| Cement Masons Local No. 567 Pension Plan | 2013 | 15 | 2.6 | 182 | 65.9% |
| Cement Masons Local Union 681 Pension Plan | 2013 | 5 | 27.0 | 280 | 27.8% |
| Central States, Southeast & Southwest Areas Pension Plan | 2012 | 12 | 4.9 | 411,238 | 53.9% |
| Chicago Foundry Workers Pension Plan | 2010 | 6 | 50.0 | 510 | 57.4% |
| CMTA – Tool and Die Craftsmen Association Pension Trust | 2013 | 10 | 14.5 | 232 | 56.5% |
| CTDU – Pension Fund | 2013 | 13 | 19.9 | 4,312 | 65.0% |
| CWA/ITU Negotiated Pension Plan | 2013 | 18 | 10.0 | 32,504 | 68.0% |
| Distributors Association Warehousemen’s Pension Trust | 2013 | 19 | 2.5 | 5,031 | 59.4% |
| Emp. Pension Benefit Plan Lo. 640 I.A.T.S.E. | 2013 | 16 | 3.0 | 170 | 57.2% |
| Freight Drivers and Helpers Local Union No. 557 Pension Plan | 2012 | 13 | 6.7 | 2,904 | 60.6% |
| Graphic Communications Conference of The International Brotherhood Of Teamsters National Pension Fund | 2013 | 15 | 8.8 | 38,281 | 52.0% |
| Graphic Communications International Union Local 96-B Pension Fund | 2012 | 9 | 37.3 | 651 | 41.2% |
| Graphic Communications Int’l Union Local 119b NY Printers League Pension Fund | 2013 | 9 | 55.2 | 1,856 | 63.3% |
| Graphic Communications Int’l Union No. 147-B | 2012 | 9 | 21.3 | 178 | 45.0% |
| Graphic Communications Union Local 2-C Retirement Benefit Plan | 2012 | 4 | 348.0 | 698 | 19.9% |
| Greater Cleveland Moving Picture Projector Operators Pension Plan | 2012 | 13 | 3.6 | 144 | 47.3% |
| Greater Wisconsin Multi-Employer Retirement Income | 2012 | 16 | 15.9 | 2,540 | 65.3% |
| Hawaii Shopmens Local 803 Pension Plan | 2012 | 19 | 8.2 | 184 | 77.5% |
| I.A. Of M. Motor City Pension Fund | 2013 | 13 | 5.3 | 1,182 | 65.7% |
| Idaho Signatory Employers-Laborers Pension Plan | 2012 | 13 | 1.9 | 797 | 53.9% |
| Insulators Local 112 Pension Trust Fund | 2013 | 6 | 51.8 | 317 | 32.2% |
| Int’l Union of Tool, Die And Mold Makers Pension Plan | 2012 | 8 | 45.3 | 185 | 49.7% |
| IRC-FM in Southern California snd Cabinet Makers, Millmen And Industrial Carpenters Local 721 Pension Trust Fund | 2011 | 11 | 8.1 | 1,562 | 56.8% |
| Iron Workers Local 17 Pension Fund | 2013 | 20 | 2.2 | 2,067 | 37.5% |
| Iron Workers Local 580 Shop Pension Fund | 2013 | 15 | 35.4 | 1,019 | 76.3% |
| Ironworkers Local #16 Pension Plan | 2012 | 17 | 2.5 | 1,140 | 65.0% |
| Ironworkers Local No.6 Pension Plan | 2008 | 9 | 3.4 | 848 | 41.0% |
| Ironworkers-Laborers Pension Plan of Cumberland Md | 2013 | 19 | 3.0 | 795 | 55.9% |
| Licensed Tugmen’s and Pilots’ Pension | 2012 | 8 | 7.2 | 206 | 57.6% |
| Local 138 Pension Trust Fund | 2012 | 13 | 4.6 | 2,029 | 56.5% |
| Local 365 UAW Pension Fund | 2012 | 10 | 22.9 | 4,229 | 53.4% |
| Local 447 Pension Fund | 2012 | 6 | 44.1 | 1,217 | 43.7% |
| Local 584 Pension Trust Fund | 2013 | 10 | 2.1 | 2,486 | 41.6% |
| Local 731 IBT Textile Maintenance And Laundry Craft Pension Fund | 2013 | 18 | 4.2 | 939 | 42.4% |
| Local 734 Pension Fund | 2013 | 16 | 14.0 | 2,670 | 55.7% |
| Local 805 Pension & Retirement Fund | 2013 | 11 | 2.5 | 2,082 | 61.6% |
| Local 810 Affliated Pension Plan | 2012 | 17 | 5.8 | 1,746 | 76.4% |
| Local 917 Pension Fund | 2012 | 19 | 5.1 | 2,006 | 71.6% |
| Local 966 Pension Plan | 2012 | 14 | 13.3 | 2,764 | 70.8% |
| Local No. 863 Pension Plan | 2013 | 9 | 26.7 | 2,853 | 47.8% |
| Local One Photoengravers Pension Fund | 2012 | 6 | 213.0 | 642 | 54.5% |
| Maint Emp Teamsters Local 416 Of Cleveland Pension Fund | 2013 | 4 | 2.3 | 688 | 13.0% |
| Management-Labor Pension Fund Local 1730 ILA | 2012 | 10 | 7.9 | 567 | 62.8% |
| Maryland Race Track Employees Pension Fund | 2012 | 20 | 2.2 | 1,527 | 67.7% |
| Milwaukee Brewery Workers Pension Plan | 2012 | 18 | 9.2 | 2,568 | 69.8% |
| Mlwrts & Machinery Erectors Lu No 1545 Pension Plan | 2011 | 5 | 1.9 | 203 | 37.9% |
| New Orleans Employers-International Longshoremen’s Association, AFL-CIO, Pension Plan | 2013 | 13 | 4.6 | 3,459 | 62.3% |
| Operating Engineers Local 800 & Wyoming Contractors Association, Inc. Pension Plan for Wyoming | 2012 | 14 | 2.8 | 1,283 | 75.5% |
| Pension Fund of Moving Picture Machine Operators Union Of Greater New York, Local 306 | 2012 | 10 | 6.1 | 685 | 57.4% |
| Pension Plan of Local 47 Bricklayers And Allied Craftman | 2013 | 2 | 1.4 | 321 | 53.4% |
| Pension Plan-Amalgamated Meat Cutters & Retail Food Store Local 342 | 2010 | 9 | 185.7 | 4,481 | 66.4% |
| Plumbers & Pipefitters of Local Union No. 333 Pension Fund | 2013 | 14 | 0.7 | 959 | 58.7% |
| Printing Industry and Union Consolidated Pension Plan | 2008 | 6 | 63.4 | 322 | 48.2% |
| Printing Local 72 Industry Pension Plan | 2013 | 19 | 2.8 | 956 | 53.0% |
| Production Workers Pension Fund | 2012 | 14 | 40.3 | 495 | 77.4% |
| Resilient Floor Covering Pension Fund | 2012 | 19 | 2.5 | 3,804 | 74.2% |
| Retail Clerks Specialty Stores Pension Plan | 2012 | 10 | 23.4 | 2,025 | 77.2% |
| Retirement Benefit Plan of GCIU Detroit Newspaper Union 13n with Detroit Area Newspaper Publishers | 2012 | 8 | 776.0 | 777 | 47.2% |
| Retirement Plan Of Bricklayers Local No. 1 Of Rich | 2013 | 10 | 8.9 | 562 | 54.6% |
| Road Carriers Local 707 Pension Fund | 2013 | 5 | 4.4 | 4,751 | 24.0% |
| Roofers Local 195 Pension Fund | 2010 | 5 | 1.0 | 349 | 10.3% |
| San Diego County Teamsters Pension Plan | 2013 | 9 | 8.5 | 950 | 38.8% |
| San Francisco Lithographers Pension Trust | 2013 | 9 | 21.7 | 1,931 | 50.8% |
| So. California, Arizona, Colorado, & So. Nevada Glaziers, Architectural Metal & Glass Workers Pension Plan | 2012 | 1 | 4.2 | 4,580 | 5.3% |
| Soft Drink Industry – Local Union No. 710 Pension Fund | 2012 | 19 | 2.2 | 3,554 | 70.1% |
| St. Louis Graphic Arts Pension Fund | 2012 | 11 | 5.5 | 2,878 | 63.6% |
| Teamsters Local 264 Van Drivers Pension Fund | 2013 | 9 | 13.0 | 154 | 42.7% |
| Teamsters Local 408 Pension Plan | 2012 | 9 | 3.7 | 1,176 | 39.5% |
| Teamsters Local 617 Pension Fund | 2013 | 9 | 158.6 | 1,117 | 60.3% |
| Teamsters Local 641 Pension Fund | 2013 | 10 | 5.0 | 4,256 | 42.5% |
| Teamsters Union Local No. 52 Pension Fund | 2012 | 14 | 4.5 | 1,010 | 43.9% |
| Textile Processors Service Trades Health Care Professional And Technical Employees International Union Local No 1 Pension Fund | 2012 | 5 | 14.3 | 1,191 | 23.9% |
| Trucking Employees of North Jersey Pension Fund | 2012 | 12 | 7.0 | 7,304 | 46.9% |
| U.F.C.W. District Union Local Two and Employers Pension Fund | 2013 | 18 | 7.7 | 7,364 | 68.1% |
| U.T.W.A. N.J. Union Employer Pension Plan | 2012 | 15 | 25.6 | 639 | 67.6% |
| UFCW Local 174 Commercial Pension Fund | 2012 | 16 | 18.0 | 1,614 | 72.6% |
| UFCW Pension Fund of Northeastern Pennsylvania | 2009 | 10 | 15.8 | 1,866 | 59.0% |
| Union De Tronquistas De Puerto Rico Local 901-Pension Plan | 2013 | 15 | 7.6 | 4,426 | 29.7% |
| United Brick & Clay Workers AFL-CIO District Council 9 Pension Plan | 2010 | 4 | 33.7 | 486 | 19.1% |
| United Furniture Workers Pension Fund A | 2013 | 13 | 6.9 | 10,683 | 47.6% |
| United Mine Workers of America 1974 Pension Plan | 2013 | 16 | 9.7 | 115,120 | 72.3% |
| Western Pennsylvania Teamsters and Employers Pension Fund | 2012 | 16 | 3.6 | 24,129 | 53.5% |
| Whse Employees Union Local 169 and Employers Joint Pension Fund | 2012 | 16 | 5.6 | 4,831 | 62.1% |
| Wyoming Carpenters Pension Plan | 2012 | 2 | 17.8 | 376 | 8.2% |
Note: This list was originally published in an article by Michael Fletcher in the Washington Post on January 28, 2015.
See a list of news articles on multiemployer plans
PRC fact sheet on multiemployer plan funding
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