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Home // FAQ // ➤ I got our pension funding notice in the mail in April and it said our pension’s funding status dropped. I’m worried I will not have the benefits I was promised.

➤ I got our pension funding notice in the mail in April and it said our pension’s funding status dropped. I’m worried I will not have the benefits I was promised.

  • The plan funding status as of January 2017 was 81.2%.
  • The fund is still absorbing the “smoothing” effects that were adopted to reduce the impact of the 2008 recession on investment returns.
  • The plan funding status lags by one year. We will see the results of the SIB (plan change) start to show in coming years.
  • The plan is currently slated to be 100% funded by 2027.

Did You Know?

UBC started on job sites across the country.

Our founding president, Peter J. McGuire worked tirelessly on the job sites across the country with his fellow Carpenters to organize the union. In 1881, he organized a Chicago convention to form a union. Representatives from 11 cities joined him and they produced a constitution and structure. Learn More

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