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PensionRisk

NYC Teachers Retirement System (TRS) vs Pfizer Inc. Retirement Annuity Plan

Side-by-side pension health comparison from DOL and public plan data

NYC Teachers Retirement System (TRS) and Pfizer Inc. Retirement Annuity Plan are meaningfully apart on the LakeQuality pension-health rubric: NYC Teachers Retirement System (TRS) grades B while Pfizer Inc. Retirement Annuity Plan grades A. Funding ratios: 74% vs 109%.

Pfizer Inc. Retirement Annuity 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

Pfizer Inc. Retirement Annuity Plan has a stronger Pension Health Score of 100/100 (A) compared to NYC Teachers Retirement System (TRS) at 68/100 (B). Funding ratios differ by 34.6 percentage points (108.8% vs 74.2%). Pfizer Inc. Retirement Annuity Plan covers 56,716 participants.

MetricNYC Teachers Retirement System (TRS)Pfizer Inc. Retirement Annuity Plan
Health Score
Composite of funding ratio, trend, and PBGC risk
68/100 (B)100/100 (A)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
74.2%108.8%*
Total Assets$92.0B$11.0B
Total Liabilities$124.0B$10.1B*
Unfunded Liability$32.0B$0*
Participants225,00056,716
1-Year Investment Return5.4%7.2%*
Plan Typepubliccorporate
PBGC Risk Levelmoderatelow
SponsorNew York CityPfizer Inc.

Pfizer Inc. Retirement Annuity Plan has a stronger Pension Health Score of 100/100 (A) compared to NYC Teachers Retirement System (TRS) at 68/100 (B). Funding ratios differ by 34.6 percentage points (108.8% vs 74.2%). Pfizer Inc. Retirement Annuity Plan covers 56,716 participants.

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