Philadelphia Municipal Retirement System vs US Steel Corporation Plan for Employee Pension Benefits
Side-by-side pension health comparison from DOL and public plan data
Philadelphia Municipal Retirement System and US Steel Corporation Plan for Employee Pension Benefits are meaningfully apart on the LakeQuality pension-health rubric: Philadelphia Municipal Retirement System grades C while US Steel Corporation Plan for Employee Pension Benefits grades A. Funding ratios: 48% vs 104%.
US Steel Corporation Plan for Employee Pension Benefits 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
US Steel Corporation Plan for Employee Pension Benefits has a stronger Pension Health Score of 100/100 (A) compared to Philadelphia Municipal Retirement System at 50/100 (C). Funding ratios differ by 55.9 percentage points (104.1% vs 48.2%). US Steel Corporation Plan for Employee Pension Benefits covers 24,055 participants.
| Metric | Philadelphia Municipal Retirement System | US Steel Corporation Plan for Employee Pension Benefits |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 50/100 (C) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 48.2% | 104.1%* |
| Total Assets | $5.8B | $4.2B |
| Total Liabilities | $12.0B | $4.0B* |
| Unfunded Liability | $6.2B | $0* |
| Participants | 63,000 | 24,055 |
| 1-Year Investment Return | 4.8% | 5.9%* |
| Plan Type | public | corporate |
| PBGC Risk Level | high | low |
| Sponsor | City of Philadelphia | United States Steel |
US Steel Corporation Plan for Employee Pension Benefits has a stronger Pension Health Score of 100/100 (A) compared to Philadelphia Municipal Retirement System at 50/100 (C). Funding ratios differ by 55.9 percentage points (104.1% vs 48.2%). US Steel Corporation Plan for Employee Pension Benefits covers 24,055 participants.
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