California Public Employees Retirement System (CalPERS) vs National Electrical Benefit Fund (NEBF)
Side-by-side pension health comparison from DOL and public plan data
Verdict
California Public Employees Retirement System (CalPERS) has a stronger Pension Health Score of 58/100 (C) compared to National Electrical Benefit Fund (NEBF) at 52/100 (C). Funding ratios differ by 12.2 percentage points (67.3% vs 55.1%). California Public Employees Retirement System (CalPERS) covers 2,050,000 participants.
| Metric | California Public Employees Retirement System (CalPERS) | National Electrical Benefit Fund (NEBF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 58/100 (C)* | 52/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.3%* | 55.1% |
| Total Assets | $473.0B | $14.0B |
| Total Liabilities | $703.0B | $25.4B* |
| Unfunded Liability | $230.0B | $11.4B* |
| Participants | 2,050,000 | 595,000 |
| 1-Year Investment Return | 5.8%* | 5.2% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | moderate | high |
| Sponsor | State of California | IBEW & NECA |
California Public Employees Retirement System (CalPERS) has a stronger Pension Health Score of 58/100 (C) compared to National Electrical Benefit Fund (NEBF) at 52/100 (C). Funding ratios differ by 12.2 percentage points (67.3% vs 55.1%). California Public Employees Retirement System (CalPERS) covers 2,050,000 participants.