Illinois Teachers Retirement System (TRS) 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 Illinois Teachers Retirement System (TRS) at 44/100 (D). Funding ratios differ by 60.4 percentage points (105.1% vs 44.7%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Illinois Teachers Retirement System (TRS) | Operating Engineers Local 324 Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 44/100 (D) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 44.7% | 105.1%* |
| Total Assets | $62.8B | $24.8B |
| Total Liabilities | $140.5B | $23.6B* |
| Unfunded Liability | $77.7B | $0* |
| Participants | 424,000 | 230,039 |
| 1-Year Investment Return | 4.8% | 5.7%* |
| Plan Type | public | multiemployer |
| PBGC Risk Level | critical | low |
| Sponsor | State of Illinois | IUOE Local 324 |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Illinois Teachers Retirement System (TRS) at 44/100 (D). Funding ratios differ by 60.4 percentage points (105.1% vs 44.7%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.