California Public Employees Retirement System (CalPERS) vs Operating Engineers Local 324 Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Verdict
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to California Public Employees Retirement System (CalPERS) at 58/100 (C). Funding ratios differ by 37.8 percentage points (105.1% vs 67.3%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | California Public Employees Retirement System (CalPERS) | Operating Engineers Local 324 Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 58/100 (C) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.3% | 105.1%* |
| Total Assets | $473.0B | $24.8B |
| Total Liabilities | $703.0B | $23.6B* |
| Unfunded Liability | $230.0B | $0* |
| Participants | 2,050,000 | 230,039 |
| 1-Year Investment Return | 5.8%* | 5.7% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | moderate | low |
| Sponsor | State of California | IUOE Local 324 |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to California Public Employees Retirement System (CalPERS) at 58/100 (C). Funding ratios differ by 37.8 percentage points (105.1% vs 67.3%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.