Minnesota Public Employees Retirement Association (PERA) vs New Jersey Teachers Pension & Annuity Fund (TPAF)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Minnesota Public Employees Retirement Association (PERA) has a stronger Pension Health Score of 71/100 (B) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 31.0 percentage points (79.1% vs 48.1%). Minnesota Public Employees Retirement Association (PERA) covers 378,000 participants.
| Metric | Minnesota Public Employees Retirement Association (PERA) | New Jersey Teachers Pension & Annuity Fund (TPAF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 71/100 (B)* | 51/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 79.1%* | 48.1% |
| Total Assets | $35.0B | $28.5B |
| Total Liabilities | $44.2B* | $59.3B |
| Unfunded Liability | $9.2B* | $30.8B |
| Participants | 378,000 | 268,000 |
| 1-Year Investment Return | 5.9%* | 4.9% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Minnesota | State of New Jersey |
Minnesota Public Employees Retirement Association (PERA) has a stronger Pension Health Score of 71/100 (B) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 31.0 percentage points (79.1% vs 48.1%). Minnesota Public Employees Retirement Association (PERA) covers 378,000 participants.