AT&T Pension Benefit Plan vs Pennsylvania State Employees Retirement System (SERS)
Side-by-side pension health comparison from DOL and public plan data
AT&T Pension Benefit Plan and Pennsylvania State Employees Retirement System (SERS) are meaningfully apart on the LakeQuality pension-health rubric: AT&T Pension Benefit Plan grades A while Pennsylvania State Employees Retirement System (SERS) grades C. Funding ratios: 94% vs 63%.
AT&T Pension Benefit 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
AT&T Pension Benefit Plan has a stronger Pension Health Score of 97/100 (A) compared to Pennsylvania State Employees Retirement System (SERS) at 57/100 (C). Funding ratios differ by 30.6 percentage points (93.7% vs 63.1%). AT&T Pension Benefit Plan covers 286,355 participants.
| Metric | AT&T Pension Benefit Plan | Pennsylvania State Employees Retirement System (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 97/100 (A)* | 57/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 93.7%* | 63.1% |
| Total Assets | $30.0B | $36.2B |
| Total Liabilities | $32.0B* | $57.4B |
| Unfunded Liability | $2.0B* | $21.2B |
| Participants | 286,355 | 245,000 |
| 1-Year Investment Return | 6.9%* | 5.4% |
| Plan Type | corporate | public |
| PBGC Risk Level | low | high |
| Sponsor | AT&T Inc. | State of Pennsylvania |
AT&T Pension Benefit Plan has a stronger Pension Health Score of 97/100 (A) compared to Pennsylvania State Employees Retirement System (SERS) at 57/100 (C). Funding ratios differ by 30.6 percentage points (93.7% vs 63.1%). AT&T Pension Benefit Plan covers 286,355 participants.