Raytheon Company Pension Plan for Salaried Employees vs New Jersey Teachers Pension & Annuity Fund (TPAF)
Side-by-side pension health comparison from DOL and public plan data
Raytheon Company Pension Plan for Salaried Employees and New Jersey Teachers Pension & Annuity Fund (TPAF) are meaningfully apart on the LakeQuality pension-health rubric: Raytheon Company Pension Plan for Salaried Employees grades A while New Jersey Teachers Pension & Annuity Fund (TPAF) grades C. Funding ratios: 106% vs 48%.
Raytheon Company Pension Plan for Salaried Employees 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
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 58.0 percentage points (106.1% vs 48.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.
| Metric | Raytheon Company Pension Plan for Salaried Employees | New Jersey Teachers Pension & Annuity Fund (TPAF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 51/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 106.1%* | 48.1% |
| Total Assets | $43.8B | $28.5B |
| Total Liabilities | $41.3B* | $59.3B |
| Unfunded Liability | $0* | $30.8B |
| Participants | 288,395 | 268,000 |
| 1-Year Investment Return | 7.3%* | 4.9% |
| Plan Type | corporate | public |
| PBGC Risk Level | low | high |
| Sponsor | RTX Corporation | State of New Jersey |
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 58.0 percentage points (106.1% vs 48.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.