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PensionRisk

Maryland State Retirement & Pension System vs Bakery & Confectionery Union Industry International Pension Fund

Side-by-side pension health comparison from DOL and public plan data

Maryland State Retirement & Pension System and Bakery & Confectionery Union Industry International Pension Fund are meaningfully apart on the LakeQuality pension-health rubric: Maryland State Retirement & Pension System grades B while Bakery & Confectionery Union Industry International Pension Fund grades D. Funding ratios: 72% vs 42%.

Maryland State Retirement & Pension System 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

Maryland State Retirement & Pension System has a stronger Pension Health Score of 67/100 (B) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 30.3 percentage points (72.1% vs 41.8%). Maryland State Retirement & Pension System covers 398,000 participants.

MetricMaryland State Retirement & Pension SystemBakery & Confectionery Union Industry International Pension Fund
Health Score
Composite of funding ratio, trend, and PBGC risk
67/100 (B)*45/100 (D)
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
72.1%*41.8%
Total Assets$61.0B$3.0B
Total Liabilities$84.6B$7.1B*
Unfunded Liability$23.6B$4.1B*
Participants398,000100,402
1-Year Investment Return5.8%*4.6%
Plan Typepublicmultiemployer
PBGC Risk Levelmoderatecritical
SponsorState of MarylandBCTGM International Union

Maryland State Retirement & Pension System has a stronger Pension Health Score of 67/100 (B) compared to Bakery & Confectionery Union Industry International Pension Fund at 45/100 (D). Funding ratios differ by 30.3 percentage points (72.1% vs 41.8%). Maryland State Retirement & Pension System covers 398,000 participants.

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