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Multiemployer Pension Funding Study: Midyear 2026
Milliman’s midyear 2026 Multiemployer Pension Funding Study is an interim update to our annual study published in the first quarter of the year. This study updates the estimated funding status of U.S. multiemployer defined benefit (DB) pension plans as of June 30, 2026, showing the change in funding levels from December 31, 2025. Key findings The aggregate market value funded percentage for multiemployer pension plans is estimated to be 106% as of June 30, 2026, up from 103% at the end of 2025.
Multiemployer Pension Funding Study: Year-end 2025
Milliman’s December 2025 Multiemployer Pension Funding Study reports on the estimated funded status of all U.S. multiemployer defined benefit (DB) plans as of December 31, 2025. Key findings The aggregate funded percentage for all multiemployer plans was 103% as of December 31, 2025, up from 97% at the end of 2024. The funded percentage has surpassed 100% and sits at its highest level in our nearly 20-year study period.
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