Operating Engineers Local 324 Pension Fund vs School Employees Retirement System of Ohio (SERS)
Side-by-side pension health comparison from DOL and public plan data
Operating Engineers Local 324 Pension Fund and School Employees Retirement System of Ohio (SERS) are meaningfully apart on the LakeQuality pension-health rubric: Operating Engineers Local 324 Pension Fund grades A while School Employees Retirement System of Ohio (SERS) grades B. Funding ratios: 105% vs 68%.
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 School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 37.2 percentage points (105.1% vs 67.9%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | School Employees Retirement System of Ohio (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 66/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 67.9% |
| Total Assets | $24.8B | $16.2B |
| Total Liabilities | $23.6B* | $23.9B |
| Unfunded Liability | $0* | $7.7B |
| Participants | 230,039 | 218,000 |
| 1-Year Investment Return | 5.7%* | 5.3% |
| Plan Type | multiemployer | public |
| PBGC Risk Level | low | moderate |
| Sponsor | IUOE Local 324 | State of Ohio |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 37.2 percentage points (105.1% vs 67.9%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.