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
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.