Central States, Southeast & Southwest Areas Pension Fund vs Pennsylvania State Employees Retirement System (SERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Pennsylvania State Employees Retirement System (SERS) has a stronger Pension Health Score of 57/100 (C) compared to Central States, Southeast & Southwest Areas Pension Fund at 29/100 (F). Funding ratios differ by 41.1 percentage points (63.1% vs 22.0%). Pennsylvania State Employees Retirement System (SERS) covers 245,000 participants.
| Metric | Central States, Southeast & Southwest Areas Pension Fund | Pennsylvania State Employees Retirement System (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 29/100 (F) | 57/100 (C)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 22.0% | 63.1%* |
| Total Assets | $9.5B | $36.2B |
| Total Liabilities | $43.2B* | $57.4B |
| Unfunded Liability | $33.7B | $21.2B* |
| Participants | 380,000 | 245,000 |
| 1-Year Investment Return | 4.5% | 5.4%* |
| Plan Type | multiemployer | public |
| PBGC Risk Level | critical | high |
| Sponsor | Teamsters Central States | State of Pennsylvania |
Pennsylvania State Employees Retirement System (SERS) has a stronger Pension Health Score of 57/100 (C) compared to Central States, Southeast & Southwest Areas Pension Fund at 29/100 (F). Funding ratios differ by 41.1 percentage points (63.1% vs 22.0%). Pennsylvania State Employees Retirement System (SERS) covers 245,000 participants.