Employees Retirement System of Texas (ERS) vs Raytheon Company Pension Plan for Salaried Employees
Side-by-side pension health comparison from DOL and public plan data
Employees Retirement System of Texas (ERS) and Raytheon Company Pension Plan for Salaried Employees are meaningfully apart on the LakeQuality pension-health rubric: Employees Retirement System of Texas (ERS) grades B while Raytheon Company Pension Plan for Salaried Employees grades A. Funding ratios: 70% vs 106%.
Raytheon Company Pension Plan for Salaried Employees comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 36.0 percentage points (106.1% vs 70.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.
| Metric | Employees Retirement System of Texas (ERS) | Raytheon Company Pension Plan for Salaried Employees |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 66/100 (B) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 70.1% | 106.1%* |
| Total Assets | $31.5B | $43.8B |
| Total Liabilities | $44.9B | $41.3B* |
| Unfunded Liability | $13.4B | $0* |
| Participants | 327,000 | 288,395 |
| 1-Year Investment Return | 5.5% | 7.3%* |
| Plan Type | public | corporate |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Texas | RTX Corporation |
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 36.0 percentage points (106.1% vs 70.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.