California Public Employees Retirement System (CalPERS) vs South Carolina Retirement System
Side-by-side pension health comparison from DOL and public plan data
California Public Employees Retirement System (CalPERS) (C) and South Carolina Retirement System (C) are close on the PensionRisk rubric. Funding ratios sit at 67% and 55% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
California Public Employees Retirement System (CalPERS) has a stronger Pension Health Score of 58/100 (C) compared to South Carolina Retirement System 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) | South Carolina Retirement System |
|---|---|---|
| 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 | $35.5B |
| Total Liabilities | $703.0B | $64.4B* |
| Unfunded Liability | $230.0B | $28.9B* |
| Participants | 2,050,000 | 575,000 |
| 1-Year Investment Return | 5.8%* | 5.2% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of California | State of South Carolina |
California Public Employees Retirement System (CalPERS) has a stronger Pension Health Score of 58/100 (C) compared to South Carolina Retirement System 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.
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