Arizona State Retirement System (ASRS) vs UPS Retirement Plan
Side-by-side pension health comparison from DOL and public plan data
Arizona State Retirement System (ASRS) and UPS Retirement Plan are meaningfully apart on the LakeQuality pension-health rubric: Arizona State Retirement System (ASRS) grades B while UPS Retirement Plan grades A. Funding ratios: 72% vs 91%.
UPS Retirement Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
UPS Retirement Plan has a stronger Pension Health Score of 95/100 (A) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 18.4 percentage points (90.7% vs 72.3%). UPS Retirement Plan covers 243,932 participants.
| Metric | Arizona State Retirement System (ASRS) | UPS Retirement Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 68/100 (B) | 95/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 72.3% | 90.7%* |
| Total Assets | $46.0B | $9.7B |
| Total Liabilities | $63.6B | $10.7B* |
| Unfunded Liability | $17.6B | $993.0M* |
| Participants | 588,000 | 243,932 |
| 1-Year Investment Return | 5.8% | 6.7%* |
| Plan Type | public | corporate |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Arizona | United Parcel Service |
UPS Retirement Plan has a stronger Pension Health Score of 95/100 (A) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 18.4 percentage points (90.7% vs 72.3%). UPS Retirement Plan covers 243,932 participants.