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PensionRisk

Virginia Retirement System (VRS) vs Boeing Company Employee Retirement Plan

Side-by-side pension health comparison from DOL and public plan data

Virginia Retirement System (VRS) and Boeing Company Employee Retirement Plan are meaningfully apart on the LakeQuality pension-health rubric: Virginia Retirement System (VRS) grades B while Boeing Company Employee Retirement Plan grades A. Funding ratios: 75% vs 92%.

Boeing Company Employee Retirement 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

Boeing Company Employee Retirement Plan has a stronger Pension Health Score of 96/100 (A) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 16.9 percentage points (92.0% vs 75.1%). Boeing Company Employee Retirement Plan covers 118,601 participants.

MetricVirginia Retirement System (VRS)Boeing Company Employee Retirement Plan
Health Score
Composite of funding ratio, trend, and PBGC risk
70/100 (B)96/100 (A)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
75.1%92.0%*
Total Assets$87.0B$25.0B
Total Liabilities$115.8B$27.2B*
Unfunded Liability$28.8B$2.2B*
Participants740,000118,601
1-Year Investment Return6.0%6.7%*
Plan Typepubliccorporate
PBGC Risk Levelmoderatelow
SponsorState of VirginiaBoeing Company

Boeing Company Employee Retirement Plan has a stronger Pension Health Score of 96/100 (A) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 16.9 percentage points (92.0% vs 75.1%). Boeing Company Employee Retirement Plan covers 118,601 participants.

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