National Electrical Benefit Fund (NEBF) vs New Jersey Public Employees Retirement System (PERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
New Jersey Public Employees Retirement System (PERS) has a stronger Pension Health Score of 54/100 (C) compared to National Electrical Benefit Fund (NEBF) at 52/100 (C). Funding ratios differ by 2.8 percentage points (52.3% vs 55.1%). New Jersey Public Employees Retirement System (PERS) covers 425,000 participants.
| Metric | National Electrical Benefit Fund (NEBF) | New Jersey Public Employees Retirement System (PERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 52/100 (C) | 54/100 (C)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 55.1%* | 52.3% |
| Total Assets | $14.0B | $34.0B |
| Total Liabilities | $25.4B* | $65.0B |
| Unfunded Liability | $11.4B* | $31.0B |
| Participants | 595,000 | 425,000 |
| 1-Year Investment Return | 5.2%* | 5.1% |
| Plan Type | multiemployer | public |
| PBGC Risk Level | high | high |
| Sponsor | IBEW & NECA | State of New Jersey |
New Jersey Public Employees Retirement System (PERS) has a stronger Pension Health Score of 54/100 (C) compared to National Electrical Benefit Fund (NEBF) at 52/100 (C). Funding ratios differ by 2.8 percentage points (52.3% vs 55.1%). New Jersey Public Employees Retirement System (PERS) covers 425,000 participants.