New Jersey Teachers Pension & Annuity Fund (TPAF) vs State Universities Retirement System of Illinois (SURS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
New Jersey Teachers Pension & Annuity Fund (TPAF) has a stronger Pension Health Score of 51/100 (C) compared to State Universities Retirement System of Illinois (SURS) at 42/100 (D). Funding ratios differ by 4.0 percentage points (48.1% vs 44.1%). New Jersey Teachers Pension & Annuity Fund (TPAF) covers 268,000 participants.
| Metric | New Jersey Teachers Pension & Annuity Fund (TPAF) | State Universities Retirement System of Illinois (SURS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 51/100 (C)* | 42/100 (D) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 48.1%* | 44.1% |
| Total Assets | $28.5B | $22.5B |
| Total Liabilities | $59.3B | $51.0B* |
| Unfunded Liability | $30.8B | $28.5B* |
| Participants | 268,000 | 218,000 |
| 1-Year Investment Return | 4.9% | 5.1%* |
| Plan Type | public | public |
| PBGC Risk Level | high | critical |
| Sponsor | State of New Jersey | State of Illinois |
New Jersey Teachers Pension & Annuity Fund (TPAF) has a stronger Pension Health Score of 51/100 (C) compared to State Universities Retirement System of Illinois (SURS) at 42/100 (D). Funding ratios differ by 4.0 percentage points (48.1% vs 44.1%). New Jersey Teachers Pension & Annuity Fund (TPAF) covers 268,000 participants.