Ohio Public Employees Retirement System (OPERS) vs Operating Engineers Local 324 Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Verdict
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Ohio Public Employees Retirement System (OPERS) at 80/100 (A). Funding ratios differ by 22.6 percentage points (105.1% vs 82.5%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Ohio Public Employees Retirement System (OPERS) | Operating Engineers Local 324 Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.5% | 105.1%* |
| Total Assets | $105.0B | $24.8B |
| Total Liabilities | $127.3B | $23.6B* |
| Unfunded Liability | $22.3B | $0* |
| Participants | 762,000 | 230,039 |
| 1-Year Investment Return | 6.2%* | 5.7% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | State of Ohio | IUOE Local 324 |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Ohio Public Employees Retirement System (OPERS) at 80/100 (A). Funding ratios differ by 22.6 percentage points (105.1% vs 82.5%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.