California Public Employees Retirement System (CalPERS) vs New Jersey Teachers Pension & Annuity Fund (TPAF)
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 New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 19.2 percentage points (67.3% vs 48.1%). California Public Employees Retirement System (CalPERS) covers 2,050,000 participants.
| Metric | California Public Employees Retirement System (CalPERS) | New Jersey Teachers Pension & Annuity Fund (TPAF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 58/100 (C)* | 51/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.3%* | 48.1% |
| Total Assets | $473.0B | $28.5B |
| Total Liabilities | $703.0B | $59.3B* |
| Unfunded Liability | $230.0B | $30.8B* |
| Participants | 2,050,000 | 268,000 |
| 1-Year Investment Return | 5.8%* | 4.9% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of California | State of New Jersey |
California Public Employees Retirement System (CalPERS) has a stronger Pension Health Score of 58/100 (C) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 19.2 percentage points (67.3% vs 48.1%). California Public Employees Retirement System (CalPERS) covers 2,050,000 participants.