Teamsters Local 710 Pension Fund vs New Jersey Public Employees Retirement System (PERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Teamsters Local 710 Pension Fund has a stronger Pension Health Score of 97/100 (A) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 41.8 percentage points (94.1% vs 52.3%). Teamsters Local 710 Pension Fund covers 634,861 participants.
| Metric | Teamsters Local 710 Pension Fund | New Jersey Public Employees Retirement System (PERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 97/100 (A)* | 54/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 94.1%* | 52.3% |
| Total Assets | $55.6B | $34.0B |
| Total Liabilities | $59.1B* | $65.0B |
| Unfunded Liability | $3.5B* | $31.0B |
| Participants | 634,861 | 425,000 |
| 1-Year Investment Return | 4.2% | 5.1%* |
| Plan Type | multiemployer | public |
| PBGC Risk Level | low | high |
| Sponsor | Teamsters Local 710 | State of New Jersey |
Teamsters Local 710 Pension Fund has a stronger Pension Health Score of 97/100 (A) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 41.8 percentage points (94.1% vs 52.3%). Teamsters Local 710 Pension Fund covers 634,861 participants.