Florida Retirement System (FRS) vs Verizon Management Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Verdict
Florida Retirement System (FRS) has a stronger Pension Health Score of 76/100 (B) compared to Verizon Management Pension Plan at 72/100 (B). Funding ratios differ by 2.4 percentage points (82.2% vs 79.8%). Florida Retirement System (FRS) covers 1,065,000 participants.
| Metric | Florida Retirement System (FRS) | Verizon Management Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 76/100 (B)* | 72/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.2%* | 79.8% |
| Total Assets | $190.0B | $26.0B |
| Total Liabilities | $231.1B | $32.6B* |
| Unfunded Liability | $41.1B | $6.6B* |
| Participants | 1,065,000 | 225,000 |
| 1-Year Investment Return | 6.5% | 7.1%* |
| Plan Type | public | corporate |
| PBGC Risk Level | low | moderate |
| Sponsor | State of Florida | Verizon Communications |
Florida Retirement System (FRS) has a stronger Pension Health Score of 76/100 (B) compared to Verizon Management Pension Plan at 72/100 (B). Funding ratios differ by 2.4 percentage points (82.2% vs 79.8%). Florida Retirement System (FRS) covers 1,065,000 participants.