North Carolina Retirement Systems vs School Employees Retirement System of Ohio (SERS)
Side-by-side pension health comparison from DOL and public plan data
North Carolina Retirement Systems (A) and School Employees Retirement System of Ohio (SERS) (B) are close on the LakeQuality rubric. Funding ratios sit at 87% and 68% 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
North Carolina Retirement Systems has a stronger Pension Health Score of 82/100 (A) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 19.2 percentage points (87.1% vs 67.9%). North Carolina Retirement Systems covers 960,000 participants.
| Metric | North Carolina Retirement Systems | School Employees Retirement System of Ohio (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 82/100 (A)* | 66/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 87.1%* | 67.9% |
| Total Assets | $112.0B | $16.2B |
| Total Liabilities | $128.6B | $23.9B* |
| Unfunded Liability | $16.6B | $7.7B* |
| Participants | 960,000 | 218,000 |
| 1-Year Investment Return | 6.6%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | low | moderate |
| Sponsor | State of North Carolina | State of Ohio |
North Carolina Retirement Systems has a stronger Pension Health Score of 82/100 (A) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 19.2 percentage points (87.1% vs 67.9%). North Carolina Retirement Systems covers 960,000 participants.