Raytheon Company Pension Plan for Salaried Employees vs State Universities Retirement System of Illinois (SURS)
Side-by-side pension health comparison from DOL and public plan data
Raytheon Company Pension Plan for Salaried Employees and State Universities Retirement System of Illinois (SURS) are meaningfully apart on the LakeQuality pension-health rubric: Raytheon Company Pension Plan for Salaried Employees grades A while State Universities Retirement System of Illinois (SURS) grades D. Funding ratios: 106% vs 44%.
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 State Universities Retirement System of Illinois (SURS) at 42/100 (D). Funding ratios differ by 62.0 percentage points (106.1% vs 44.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.
| Metric | Raytheon Company Pension Plan for Salaried Employees | 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) | 106.1%* | 44.1% |
| Total Assets | $43.8B | $22.5B |
| Total Liabilities | $41.3B* | $51.0B |
| Unfunded Liability | $0* | $28.5B |
| Participants | 288,395 | 218,000 |
| 1-Year Investment Return | 7.3%* | 5.1% |
| Plan Type | corporate | public |
| PBGC Risk Level | low | critical |
| Sponsor | RTX Corporation | State of Illinois |
Raytheon Company Pension Plan for Salaried Employees 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 62.0 percentage points (106.1% vs 44.1%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.