National Electrical Benefit Fund (NEBF) vs New Jersey Teachers Pension & Annuity Fund (TPAF)
Side-by-side pension health comparison from DOL and public plan data
Verdict
National Electrical Benefit Fund (NEBF) has a stronger Pension Health Score of 52/100 (C) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 7.0 percentage points (55.1% vs 48.1%). National Electrical Benefit Fund (NEBF) covers 595,000 participants.
| Metric | National Electrical Benefit Fund (NEBF) | New Jersey Teachers Pension & Annuity Fund (TPAF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 52/100 (C)* | 51/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 55.1%* | 48.1% |
| Total Assets | $14.0B | $28.5B |
| Total Liabilities | $25.4B* | $59.3B |
| Unfunded Liability | $11.4B* | $30.8B |
| Participants | 595,000 | 268,000 |
| 1-Year Investment Return | 5.2%* | 4.9% |
| Plan Type | multiemployer | public |
| PBGC Risk Level | high | high |
| Sponsor | IBEW & NECA | State of New Jersey |
National Electrical Benefit Fund (NEBF) has a stronger Pension Health Score of 52/100 (C) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 7.0 percentage points (55.1% vs 48.1%). National Electrical Benefit Fund (NEBF) covers 595,000 participants.