Indiana Public Retirement System (INPRS) vs Maryland State Retirement & Pension System
Side-by-side pension health comparison from DOL and public plan data
Indiana Public Retirement System (INPRS) (B) and Maryland State Retirement & Pension System (B) are close on the LakeQuality rubric. Funding ratios sit at 78% and 72% 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
Indiana Public Retirement System (INPRS) has a stronger Pension Health Score of 70/100 (B) compared to Maryland State Retirement & Pension System at 67/100 (B). Funding ratios differ by 6.1 percentage points (78.2% vs 72.1%). Indiana Public Retirement System (INPRS) covers 425,000 participants.
| Metric | Indiana Public Retirement System (INPRS) | Maryland State Retirement & Pension System |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 70/100 (B)* | 67/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.2%* | 72.1% |
| Total Assets | $37.0B | $61.0B |
| Total Liabilities | $47.3B* | $84.6B |
| Unfunded Liability | $10.3B* | $23.6B |
| Participants | 425,000 | 398,000 |
| 1-Year Investment Return | 6.1%* | 5.8% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of Indiana | State of Maryland |
Indiana Public Retirement System (INPRS) has a stronger Pension Health Score of 70/100 (B) compared to Maryland State Retirement & Pension System at 67/100 (B). Funding ratios differ by 6.1 percentage points (78.2% vs 72.1%). Indiana Public Retirement System (INPRS) covers 425,000 participants.