Raytheon Company Pension Plan for Salaried Employees
corporate plan · RTX Corporation · Arlington, VA
Funding History
What This Means for You
Raytheon Company Pension Plan for Salaried Employees is in good financial health at 82% funded. This means for every dollar the plan owes in future benefits, it has 82 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2023 | $24.0B | $29.3B | 81.8% | $500.0M |
| 2022 | $23.3B | $28.7B | 81.0% | $485.0M |
| 2021 | $22.6B | $26.9B | 84.0% | $470.0M |
| 2020 | $21.8B | $28.0B | 78.0% | $455.0M |
| 2019 | $21.1B | $26.4B | 80.0% | $440.0M |
Frequently Asked Questions
Raytheon Company Pension Plan for Salaried Employees is 82% funded, meaning it has 82 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Raytheon Company Pension Plan for Salaried Employees has 122,000 total participants, including 15,000 active employees and 107,000 retirees currently receiving benefits.
Yes, Raytheon Company Pension Plan for Salaried Employees is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "low."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.