Operating Engineers Local 324 Pension Fund vs Missouri Public School Retirement System (PSRS)
Side-by-side pension health comparison from DOL and public plan data
Operating Engineers Local 324 Pension Fund and Missouri Public School Retirement System (PSRS) are meaningfully apart on the LakeQuality pension-health rubric: Operating Engineers Local 324 Pension Fund grades A while Missouri Public School Retirement System (PSRS) grades A. Funding ratios: 105% vs 84%.
Operating Engineers Local 324 Pension Fund 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
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Missouri Public School Retirement System (PSRS) at 80/100 (A). Funding ratios differ by 21.3 percentage points (105.1% vs 83.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | Missouri Public School Retirement System (PSRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 80/100 (A) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 83.8% |
| Total Assets | $24.8B | $47.0B |
| Total Liabilities | $23.6B* | $56.1B |
| Unfunded Liability | $0* | $9.1B |
| Participants | 230,039 | 220,000 |
| 1-Year Investment Return | 5.7% | 6.3%* |
| Plan Type | multiemployer | public |
| PBGC Risk Level | low | low |
| Sponsor | IUOE Local 324 | State of Missouri |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Missouri Public School Retirement System (PSRS) at 80/100 (A). Funding ratios differ by 21.3 percentage points (105.1% vs 83.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.