Virginia Retirement System (VRS) vs Plumbers & Pipefitters National Pension Fund
Side-by-side pension health comparison from DOL and public plan data
Verdict
Virginia Retirement System (VRS) has a stronger Pension Health Score of 70/100 (B) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 11.0 percentage points (75.1% vs 64.1%). Virginia Retirement System (VRS) covers 740,000 participants.
| Metric | Virginia Retirement System (VRS) | Plumbers & Pipefitters National Pension Fund |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 70/100 (B)* | 56/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 75.1%* | 64.1% |
| Total Assets | $87.0B | $21.0B |
| Total Liabilities | $115.8B | $32.8B* |
| Unfunded Liability | $28.8B | $11.8B* |
| Participants | 740,000 | 430,000 |
| 1-Year Investment Return | 6.0%* | 5.5% |
| Plan Type | public | multiemployer |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Virginia | United Association (UA) |
Virginia Retirement System (VRS) has a stronger Pension Health Score of 70/100 (B) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 11.0 percentage points (75.1% vs 64.1%). Virginia Retirement System (VRS) covers 740,000 participants.