New Jersey Public Employees Retirement System (PERS) vs Raytheon Company Pension Plan for Salaried Employees
Side-by-side pension health comparison from DOL and public plan data
Verdict
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 53.8 percentage points (106.1% vs 52.3%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.
| Metric | New Jersey Public Employees Retirement System (PERS) | Raytheon Company Pension Plan for Salaried Employees |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 54/100 (C) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 52.3% | 106.1%* |
| Total Assets | $34.0B | $43.8B |
| Total Liabilities | $65.0B | $41.3B* |
| Unfunded Liability | $31.0B | $0* |
| Participants | 425,000 | 288,395 |
| 1-Year Investment Return | 5.1% | 7.3%* |
| Plan Type | public | corporate |
| PBGC Risk Level | high | low |
| Sponsor | State of New Jersey | RTX Corporation |
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 53.8 percentage points (106.1% vs 52.3%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.