New York State & Local Retirement System (NYSLRS) vs Operating Engineers Local 324 Pension Fund
Side-by-side pension health comparison from DOL and public plan data
New York State & Local Retirement System (NYSLRS) (A) and Operating Engineers Local 324 Pension Fund (A) are close on the LakeQuality rubric. Funding ratios sit at 95% and 105% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to New York State & Local Retirement System (NYSLRS) at 82/100 (A). Funding ratios differ by 9.8 percentage points (105.1% vs 95.3%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | New York State & Local Retirement System (NYSLRS) | Operating Engineers Local 324 Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 82/100 (A) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 95.3% | 105.1%* |
| Total Assets | $248.0B | $24.8B |
| Total Liabilities | $260.2B | $23.6B* |
| Unfunded Liability | $12.2B | $0* |
| Participants | 1,070,000 | 230,039 |
| 1-Year Investment Return | 7.1%* | 5.7% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | State of New York | IUOE Local 324 |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to New York State & Local Retirement System (NYSLRS) at 82/100 (A). Funding ratios differ by 9.8 percentage points (105.1% vs 95.3%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.