New Jersey Public Employees Retirement System (PERS) vs Verizon Management Pension Plan
Side-by-side pension health comparison from DOL and public plan data
New Jersey Public Employees Retirement System (PERS) and Verizon Management Pension Plan are meaningfully apart on the LakeQuality pension-health rubric: New Jersey Public Employees Retirement System (PERS) grades C while Verizon Management Pension Plan grades A. Funding ratios: 52% vs 96%.
Verizon Management Pension Plan 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
Verizon Management Pension Plan has a stronger Pension Health Score of 98/100 (A) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 43.3 percentage points (95.6% vs 52.3%). Verizon Management Pension Plan covers 112,363 participants.
| Metric | New Jersey Public Employees Retirement System (PERS) | Verizon Management Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 54/100 (C) | 98/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 52.3% | 95.6%* |
| Total Assets | $34.0B | $10.9B |
| Total Liabilities | $65.0B | $11.4B* |
| Unfunded Liability | $31.0B | $505.7M* |
| Participants | 425,000 | 112,363 |
| 1-Year Investment Return | 5.1% | 7.1%* |
| Plan Type | public | corporate |
| PBGC Risk Level | high | low |
| Sponsor | State of New Jersey | Verizon Communications |
Verizon Management Pension Plan has a stronger Pension Health Score of 98/100 (A) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 43.3 percentage points (95.6% vs 52.3%). Verizon Management Pension Plan covers 112,363 participants.
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