Well Funded (80–100%) Pension Plans
42 plans covering 12,204,700 participants.
| # | Plan Name | Type | State | Participants | Funding Ratio | Assets | Grade |
|---|---|---|---|---|---|---|---|
| 1 | Wisconsin Retirement System (WRS) State of Wisconsin | public | WI | 665,000 | 98.4% | $122.0B | A |
| 2 | New York State Teachers Retirement System (NYSTRS) State of New York | public | NY | 433,000 | 97.1% | $131.0B | A |
| 3 | South Dakota Retirement System (SDRS) State of South Dakota | public | SD | 78,000 | 96.8% | $14.2B | A |
| 4 | New York State & Local Retirement System (NYSLRS) State of New York | public | NY | 1,070,000 | 95.3% | $248.0B | A |
| 5 | Tennessee Consolidated Retirement System (TCRS) State of Tennessee | public | TN | 378,000 | 92.1% | $57.0B | A |
| 6 | Utah Retirement Systems (URS) State of Utah | public | UT | 218,000 | 90.3% | $40.0B | A |
| 7 | IBM Personal Pension Plan IBM Corporation | corporate | NY | 382,000 | 90.1% | $56.0B | A |
| 8 | Johnson & Johnson Pension Plan Johnson & Johnson | corporate | NJ | 88,000 | 89.8% | $16.2B | A |
| 9 | Los Angeles Fire & Police Pensions (LAFPP) City of Los Angeles | public | CA | 27,500 | 89.5% | $31.2B | A |
| 10 | Idaho Public Employee Retirement System (PERSI) State of Idaho | public | ID | 142,000 | 88.2% | $21.2B | A |
| 11 | ExxonMobil Pension Plan ExxonMobil | corporate | TX | 88,000 | 88.2% | $23.5B | A |
| 12 | Nebraska Public Employees Retirement Systems State of Nebraska | public | NE | 110,000 | 87.9% | $15.2B | A |
| 13 | Washington State Department of Retirement Systems State of Washington | public | WA | 528,000 | 87.8% | $108.0B | A |
| 14 | Texas Municipal Retirement System (TMRS) Texas Cities | public | TX | 218,000 | 87.8% | $36.8B | A |
| 15 | San Francisco Employees Retirement System City and County of San Francisco | public | CA | 68,000 | 87.3% | $33.8B | A |
| 16 | North Carolina Retirement Systems State of North Carolina | public | NC | 960,000 | 87.1% | $112.0B | A |
| 17 | Texas County & District Retirement System (TCDRS) Texas Counties | public | TX | 385,000 | 86.2% | $39.5B | A |
| 18 | Procter & Gamble Retirement Plan Procter & Gamble | corporate | OH | 108,000 | 86.2% | $14.0B | A |
| 19 | Honeywell International Pension Plan Honeywell International | corporate | NC | 122,000 | 85.8% | $26.0B | A |
| 20 | General Dynamics Corporation Pension Plan General Dynamics | corporate | VA | 78,000 | 85.1% | $14.5B | A |
| 21 | Delta Air Lines Pilot Pension Plan Delta Air Lines | corporate | GA | 22,000 | 85.1% | $7.2B | A |
| 22 | Iowa Public Employees Retirement System (IPERS) State of Iowa | public | IA | 372,000 | 84.8% | $35.5B | A |
| 23 | Ford Motor Company Retirement Plan Ford Motor Company | corporate | MI | 195,000 | 84.1% | $46.0B | A |
| 24 | Missouri Public School Retirement System (PSRS) State of Missouri | public | MO | 220,000 | 83.8% | $47.0B | A |
| 25 | Pfizer Inc. Retirement Annuity Plan Pfizer Inc. | corporate | NY | 78,000 | 83.8% | $12.0B | A |
| 26 | University of California Retirement Plan University of California | public | CA | 305,000 | 83.5% | $82.0B | B |
| 27 | Ohio Public Employees Retirement System (OPERS) State of Ohio | public | OH | 762,000 | 82.5% | $105.0B | A |
| 28 | Houston Firefighters Relief & Retirement Fund City of Houston | public | TX | 7,200 | 82.3% | $4.7B | A |
| 29 | Florida Retirement System (FRS) State of Florida | public | FL | 1,065,000 | 82.2% | $190.0B | B |
| 30 | General Motors Salaried Pension Plan General Motors | corporate | MI | 165,000 | 82.2% | $31.5B | B |
| 31 | Northrop Grumman Pension Plan Northrop Grumman | corporate | VA | 115,000 | 82.1% | $23.5B | B |
| 32 | DuPont Pension & Retirement Plan DuPont de Nemours | corporate | DE | 88,000 | 82.1% | $17.5B | B |
| 33 | Deere & Company Pension Plan John Deere | corporate | IL | 68,000 | 82.1% | $12.0B | B |
| 34 | Delaware Public Employees Retirement System (DPERS) State of Delaware | public | DE | 62,000 | 82.1% | $10.8B | B |
| 35 | Western Conference of Teamsters Pension Trust Teamsters Western Conference | multiemployer | WA | 590,000 | 81.9% | $46.0B | B |
| 36 | AT&T Pension Benefit Plan AT&T Inc. | corporate | TX | 472,000 | 81.8% | $55.0B | B |
| 37 | Raytheon Company Pension Plan for Salaried Employees RTX Corporation | corporate | VA | 122,000 | 81.8% | $24.0B | B |
| 38 | Illinois Municipal Retirement Fund (IMRF) State of Illinois | public | IL | 438,000 | 81.2% | $51.2B | A |
| 39 | State Teachers Retirement System of Ohio (STRS Ohio) State of Ohio | public | OH | 507,000 | 80.2% | $90.0B | A |
| 40 | Maine Public Employees Retirement System (MainePERS) State of Maine | public | ME | 76,000 | 80.2% | $16.5B | B |
| 41 | Sacramento County Employees Retirement System (SCERS) Sacramento County | public | CA | 27,000 | 80.2% | $11.6B | B |
| 42 | General Motors Hourly-Rate Employees Pension Plan General Motors | corporate | MI | 302,000 | 80.1% | $66.5B | B |
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Frequently Asked Questions
What does "Well Funded (80–100%)" mean?
A well funded (80–100%) pension plan has a funding ratio between 80% and 100%. The funding ratio measures how much money the plan has relative to its obligations.
What is a healthy funding ratio?
Actuaries generally consider plans above 80% funded to be in acceptable condition. Plans above 100% have more assets than liabilities. Plans below 60% are considered critically underfunded.