Texas County & District Retirement System (TCDRS) vs Raytheon Company Pension Plan for Salaried Employees
Side-by-side pension health comparison from DOL and public plan data
Texas County & District Retirement System (TCDRS) (A) and Raytheon Company Pension Plan for Salaried Employees (A) are close on the LakeQuality rubric. Funding ratios sit at 86% and 106% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Texas County & District Retirement System (TCDRS) at 81/100 (A). Funding ratios differ by 19.9 percentage points (106.1% vs 86.2%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.
| Metric | Texas County & District Retirement System (TCDRS) | Raytheon Company Pension Plan for Salaried Employees |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 81/100 (A) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 86.2% | 106.1%* |
| Total Assets | $39.5B | $43.8B |
| Total Liabilities | $45.8B | $41.3B* |
| Unfunded Liability | $6.3B | $0* |
| Participants | 385,000 | 288,395 |
| 1-Year Investment Return | 6.6% | 7.3%* |
| Plan Type | public | corporate |
| PBGC Risk Level | low | low |
| Sponsor | Texas Counties | RTX Corporation |
Raytheon Company Pension Plan for Salaried Employees has a stronger Pension Health Score of 100/100 (A) compared to Texas County & District Retirement System (TCDRS) at 81/100 (A). Funding ratios differ by 19.9 percentage points (106.1% vs 86.2%). Raytheon Company Pension Plan for Salaried Employees covers 288,395 participants.