Iowa Public Employees Retirement System (IPERS) vs Pennsylvania State Employees Retirement System (SERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Iowa Public Employees Retirement System (IPERS) has a stronger Pension Health Score of 80/100 (A) compared to Pennsylvania State Employees Retirement System (SERS) at 57/100 (C). Funding ratios differ by 21.7 percentage points (84.8% vs 63.1%). Iowa Public Employees Retirement System (IPERS) covers 372,000 participants.
| Metric | Iowa Public Employees Retirement System (IPERS) | Pennsylvania State Employees Retirement System (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A)* | 57/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 84.8%* | 63.1% |
| Total Assets | $35.5B | $36.2B |
| Total Liabilities | $41.9B* | $57.4B |
| Unfunded Liability | $6.4B* | $21.2B |
| Participants | 372,000 | 245,000 |
| 1-Year Investment Return | 6.4%* | 5.4% |
| Plan Type | public | public |
| PBGC Risk Level | low | high |
| Sponsor | State of Iowa | State of Pennsylvania |
Iowa Public Employees Retirement System (IPERS) has a stronger Pension Health Score of 80/100 (A) compared to Pennsylvania State Employees Retirement System (SERS) at 57/100 (C). Funding ratios differ by 21.7 percentage points (84.8% vs 63.1%). Iowa Public Employees Retirement System (IPERS) covers 372,000 participants.