Pennsylvania State Employees Retirement System (SERS) vs Philadelphia Municipal Retirement System
Side-by-side pension health comparison from DOL and public plan data
Pennsylvania State Employees Retirement System (SERS) (C) and Philadelphia Municipal Retirement System (C) are close on the LakeQuality rubric. Funding ratios sit at 63% and 48% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Pennsylvania State Employees Retirement System (SERS) has a stronger Pension Health Score of 57/100 (C) compared to Philadelphia Municipal Retirement System at 50/100 (C). Funding ratios differ by 14.9 percentage points (63.1% vs 48.2%). Pennsylvania State Employees Retirement System (SERS) covers 245,000 participants.
| Metric | Pennsylvania State Employees Retirement System (SERS) | Philadelphia Municipal Retirement System |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 57/100 (C)* | 50/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 63.1%* | 48.2% |
| Total Assets | $36.2B | $5.8B |
| Total Liabilities | $57.4B | $12.0B* |
| Unfunded Liability | $21.2B | $6.2B* |
| Participants | 245,000 | 63,000 |
| 1-Year Investment Return | 5.4%* | 4.8% |
| Plan Type | public | public |
| PBGC Risk Level | high | high |
| Sponsor | State of Pennsylvania | City of Philadelphia |
Pennsylvania State Employees Retirement System (SERS) has a stronger Pension Health Score of 57/100 (C) compared to Philadelphia Municipal Retirement System at 50/100 (C). Funding ratios differ by 14.9 percentage points (63.1% vs 48.2%). Pennsylvania State Employees Retirement System (SERS) covers 245,000 participants.
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