Virginia Retirement System (VRS) vs Northrop Grumman Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Virginia Retirement System (VRS) and Northrop Grumman Pension Plan are meaningfully apart on the LakeQuality pension-health rubric: Virginia Retirement System (VRS) grades B while Northrop Grumman Pension Plan grades A. Funding ratios: 75% vs 106%.
Northrop Grumman 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
Northrop Grumman Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 31.1 percentage points (106.2% vs 75.1%). Northrop Grumman Pension Plan covers 106,531 participants.
| Metric | Virginia Retirement System (VRS) | Northrop Grumman Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 70/100 (B) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 75.1% | 106.2%* |
| Total Assets | $87.0B | $18.7B |
| Total Liabilities | $115.8B | $17.6B* |
| Unfunded Liability | $28.8B | $0* |
| Participants | 740,000 | 106,531 |
| 1-Year Investment Return | 6.0% | 7.3%* |
| Plan Type | public | corporate |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Virginia | Northrop Grumman |
Northrop Grumman Pension Plan has a stronger Pension Health Score of 100/100 (A) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 31.1 percentage points (106.2% vs 75.1%). Northrop Grumman Pension Plan covers 106,531 participants.
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