State Teachers Retirement System of Ohio (STRS Ohio) vs Operating Engineers Local 324 Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Verdict
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to State Teachers Retirement System of Ohio (STRS Ohio) at 80/100 (A). Funding ratios differ by 24.9 percentage points (105.1% vs 80.2%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | State Teachers Retirement System of Ohio (STRS Ohio) | Operating Engineers Local 324 Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 80.2% | 105.1%* |
| Total Assets | $90.0B | $24.8B |
| Total Liabilities | $112.2B | $23.6B* |
| Unfunded Liability | $22.2B | $0* |
| Participants | 507,000 | 230,039 |
| 1-Year Investment Return | 6.0%* | 5.7% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | low | low |
| Sponsor | State of Ohio | IUOE Local 324 |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to State Teachers Retirement System of Ohio (STRS Ohio) at 80/100 (A). Funding ratios differ by 24.9 percentage points (105.1% vs 80.2%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.