Plumbers & Pipefitters National Pension Fund vs New Jersey Public Employees Retirement System (PERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Plumbers & Pipefitters National Pension Fund has a stronger Pension Health Score of 56/100 (C) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 11.8 percentage points (64.1% vs 52.3%). Plumbers & Pipefitters National Pension Fund covers 430,000 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | New Jersey Public Employees Retirement System (PERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C)* | 54/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1%* | 52.3% |
| Total Assets | $21.0B | $34.0B |
| Total Liabilities | $32.8B* | $65.0B |
| Unfunded Liability | $11.8B* | $31.0B |
| Participants | 430,000 | 425,000 |
| 1-Year Investment Return | 5.5%* | 5.1% |
| Plan Type | multiemployer | public |
| PBGC Risk Level | high | high |
| Sponsor | United Association (UA) | State of New Jersey |
Plumbers & Pipefitters National Pension Fund has a stronger Pension Health Score of 56/100 (C) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 11.8 percentage points (64.1% vs 52.3%). Plumbers & Pipefitters National Pension Fund covers 430,000 participants.