Verizon Management Pension Plan vs New Jersey Police & Firemen's Retirement System (PFRS)
Side-by-side pension health comparison from DOL and public plan data
Verizon Management Pension Plan and New Jersey Police & Firemen's Retirement System (PFRS) are meaningfully apart on the LakeQuality pension-health rubric: Verizon Management Pension Plan grades A while New Jersey Police & Firemen's Retirement System (PFRS) grades C. Funding ratios: 96% vs 58%.
Verizon Management Pension Plan 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
Verizon Management Pension Plan has a stronger Pension Health Score of 98/100 (A) compared to New Jersey Police & Firemen's Retirement System (PFRS) at 55/100 (C). Funding ratios differ by 37.5 percentage points (95.6% vs 58.1%). Verizon Management Pension Plan covers 112,363 participants.
| Metric | Verizon Management Pension Plan | New Jersey Police & Firemen's Retirement System (PFRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 98/100 (A)* | 55/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 95.6%* | 58.1% |
| Total Assets | $10.9B | $30.0B |
| Total Liabilities | $11.4B* | $51.6B |
| Unfunded Liability | $505.7M* | $21.6B |
| Participants | 112,363 | 88,000 |
| 1-Year Investment Return | 7.1%* | 5.3% |
| Plan Type | corporate | public |
| PBGC Risk Level | low | high |
| Sponsor | Verizon Communications | State of New Jersey |
Verizon Management Pension Plan has a stronger Pension Health Score of 98/100 (A) compared to New Jersey Police & Firemen's Retirement System (PFRS) at 55/100 (C). Funding ratios differ by 37.5 percentage points (95.6% vs 58.1%). Verizon Management Pension Plan covers 112,363 participants.
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