Operating Engineers Local 324 Pension Fund vs State Universities Retirement System of Illinois (SURS)
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 State Universities Retirement System of Illinois (SURS) at 42/100 (D). Funding ratios differ by 61.0 percentage points (105.1% vs 44.1%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | State Universities Retirement System of Illinois (SURS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 42/100 (D) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 44.1% |
| Total Assets | $24.8B | $22.5B |
| Total Liabilities | $23.6B* | $51.0B |
| Unfunded Liability | $0* | $28.5B |
| Participants | 230,039 | 218,000 |
| 1-Year Investment Return | 5.7%* | 5.1% |
| Plan Type | multiemployer | public |
| PBGC Risk Level | low | critical |
| Sponsor | IUOE Local 324 | State of Illinois |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to State Universities Retirement System of Illinois (SURS) at 42/100 (D). Funding ratios differ by 61.0 percentage points (105.1% vs 44.1%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.