RANKING
Best Funded Pension Plans in America
Plans above 100% are overfunded — they have more assets than liabilities. Plans above 80% are generally considered well-funded by actuarial standards.
0
Fully Funded (100%+)
33
Well Funded (80%+)
67.3%
Highest Ratio
73.4%
National Average
| # | Plan Name | Type | State | Participants | Funding Ratio | Total Assets | Grade |
|---|---|---|---|---|---|---|---|
| 1 | California Public Employees Retirement System (CalPERS) State of California | public | CA | 2,050,000 | 67.3% | $473.0B | C |
| 2 | Teacher Retirement System of Texas (TRS) State of Texas | public | TX | 1,730,000 | 78.1% | $193.0B | B |
| 3 | New York State & Local Retirement System (NYSLRS) State of New York | public | NY | 1,070,000 | 95.3% | $248.0B | A |
| 4 | Florida Retirement System (FRS) State of Florida | public | FL | 1,065,000 | 82.2% | $190.0B | B |
| 5 | California State Teachers Retirement System (CalSTRS) State of California | public | CA | 985,000 | 72.9% | $318.0B | B |
| 6 | North Carolina Retirement Systems State of North Carolina | public | NC | 960,000 | 87.1% | $112.0B | A |
| 7 | Ohio Public Employees Retirement System (OPERS) State of Ohio | public | OH | 762,000 | 82.5% | $105.0B | A |
| 8 | Virginia Retirement System (VRS) State of Virginia | public | VA | 740,000 | 75.1% | $87.0B | B |
| 9 | Wisconsin Retirement System (WRS) State of Wisconsin | public | WI | 665,000 | 98.4% | $122.0B | A |
| 10 | Colorado Public Employees Retirement Association (PERA) State of Colorado | public | CO | 625,000 | 64.8% | $58.0B | C |
| 11 | National Electrical Benefit Fund (NEBF) IBEW & NECA | multiemployer | DC | 595,000 | 55.1% | $14.0B | C |
| 12 | Western Conference of Teamsters Pension Trust Teamsters Western Conference | multiemployer | WA | 590,000 | 81.9% | $46.0B | B |
| 13 | Arizona State Retirement System (ASRS) State of Arizona | public | AZ | 588,000 | 72.3% | $46.0B | B |
| 14 | South Carolina Retirement System State of South Carolina | public | SC | 575,000 | 55.1% | $35.5B | C |
| 15 | Washington State Department of Retirement Systems State of Washington | public | WA | 528,000 | 87.8% | $108.0B | A |
| 16 | Pennsylvania Public School Employees Retirement System (PSERS) State of Pennsylvania | public | PA | 518,000 | 57.8% | $72.0B | C |
| 17 | State Teachers Retirement System of Ohio (STRS Ohio) State of Ohio | public | OH | 507,000 | 80.2% | $90.0B | A |
| 18 | AT&T Pension Benefit Plan AT&T Inc. | corporate | TX | 472,000 | 81.8% | $55.0B | B |
| 19 | Michigan Public School Employees Retirement System (MPSERS) State of Michigan | public | MI | 465,000 | 60.4% | $54.0B | C |
| 20 | Illinois Municipal Retirement Fund (IMRF) State of Illinois | public | IL | 438,000 | 81.2% | $51.2B | A |
| 21 | New York State Teachers Retirement System (NYSTRS) State of New York | public | NY | 433,000 | 97.1% | $131.0B | A |
| 22 | Plumbers & Pipefitters National Pension Fund United Association (UA) | multiemployer | DC | 430,000 | 64.1% | $21.0B | C |
| 23 | New Jersey Public Employees Retirement System (PERS) State of New Jersey | public | NJ | 425,000 | 52.3% | $34.0B | C |
| 24 | Indiana Public Retirement System (INPRS) State of Indiana | public | IN | 425,000 | 78.2% | $37.0B | B |
| 25 | Illinois Teachers Retirement System (TRS) State of Illinois | public | IL | 424,000 | 44.7% | $62.8B | D |
| 26 | Georgia Teachers Retirement System (TRS) State of Georgia | public | GA | 405,000 | 77.4% | $74.0B | B |
| 27 | Maryland State Retirement & Pension System State of Maryland | public | MD | 398,000 | 72.1% | $61.0B | B |
| 28 | Texas County & District Retirement System (TCDRS) Texas Counties | public | TX | 385,000 | 86.2% | $39.5B | A |
| 29 | IBM Personal Pension Plan IBM Corporation | corporate | NY | 382,000 | 90.1% | $56.0B | A |
| 30 | Central States, Southeast & Southwest Areas Pension Fund Teamsters Central States | multiemployer | IL | 380,000 | 22.0% | $9.5B | F |
| 31 | Tennessee Consolidated Retirement System (TCRS) State of Tennessee | public | TN | 378,000 | 92.1% | $57.0B | A |
| 32 | Minnesota Public Employees Retirement Association (PERA) State of Minnesota | public | MN | 378,000 | 79.1% | $35.0B | B |
| 33 | Oregon Public Employees Retirement System (PERS) State of Oregon | public | OR | 375,000 | 77.3% | $84.0B | B |
| 34 | Iowa Public Employees Retirement System (IPERS) State of Iowa | public | IA | 372,000 | 84.8% | $35.5B | A |
| 35 | NYC Employees Retirement System (NYCERS) New York City | public | NY | 370,000 | 76.8% | $77.2B | B |
| 36 | UPS Retirement Plan United Parcel Service | corporate | GA | 335,000 | 77.8% | $44.0B | B |
| 37 | Kansas Public Employees Retirement System (KPERS) State of Kansas | public | KS | 328,000 | 72.3% | $24.8B | B |
| 38 | Employees Retirement System of Texas (ERS) State of Texas | public | TX | 327,000 | 70.1% | $31.5B | B |
| 39 | Mississippi Public Employees Retirement System (PERS) State of Mississippi | public | MS | 322,000 | 60.1% | $29.0B | C |
| 40 | General Electric Pension Plan GE Aerospace (formerly General Electric) | corporate | CT | 318,000 | 76.2% | $38.5B | B |
| 41 | University of California Retirement Plan University of California | public | CA | 305,000 | 83.5% | $82.0B | B |
| 42 | General Motors Hourly-Rate Employees Pension Plan General Motors | corporate | MI | 302,000 | 80.1% | $66.5B | B |
| 43 | New Jersey Teachers Pension & Annuity Fund (TPAF) State of New Jersey | public | NJ | 268,000 | 48.1% | $28.5B | C |
| 44 | Pennsylvania State Employees Retirement System (SERS) State of Pennsylvania | public | PA | 245,000 | 63.1% | $36.2B | C |
| 45 | Boeing Company Employee Retirement Plan Boeing Company | corporate | VA | 228,000 | 78.1% | $56.0B | B |
| 46 | NYC Teachers Retirement System (TRS) New York City | public | NY | 225,000 | 74.2% | $92.0B | B |
| 47 | Verizon Management Pension Plan Verizon Communications | corporate | NJ | 225,000 | 79.8% | $26.0B | B |
| 48 | Missouri Public School Retirement System (PSRS) State of Missouri | public | MO | 220,000 | 83.8% | $47.0B | A |
| 49 | State Universities Retirement System of Illinois (SURS) State of Illinois | public | IL | 218,000 | 44.1% | $22.5B | D |
| 50 | Texas Municipal Retirement System (TMRS) Texas Cities | public | TX | 218,000 | 87.8% | $36.8B | A |
| 51 | School Employees Retirement System of Ohio (SERS) State of Ohio | public | OH | 218,000 | 67.9% | $16.2B | B |
| 52 | Utah Retirement Systems (URS) State of Utah | public | UT | 218,000 | 90.3% | $40.0B | A |
| 53 | Nevada Public Employees Retirement System (PERS) State of Nevada | public | NV | 218,000 | 76.2% | $50.2B | B |
| 54 | FedEx Corporation Employees Pension Plan FedEx Corporation | corporate | TN | 218,000 | 74.2% | $24.0B | B |
| 55 | Lockheed Martin Corporation Retirement Plan Lockheed Martin | corporate | MD | 198,000 | 79.8% | $39.0B | B |
| 56 | Minnesota Teachers Retirement Association (TRA) State of Minnesota | public | MN | 195,000 | 79.8% | $28.0B | B |
| 57 | Ford Motor Company Retirement Plan Ford Motor Company | corporate | MI | 195,000 | 84.1% | $46.0B | A |
| 58 | Los Angeles County Employees Retirement Association (LACERA) Los Angeles County | public | CA | 186,000 | 75.2% | $73.5B | B |
| 59 | Kentucky County Employees Retirement System (CERS) State of Kentucky | public | KY | 185,000 | 48.4% | $8.5B | C |
| 60 | Alabama Teachers Retirement System (TRS) State of Alabama | public | AL | 178,000 | 68.2% | $27.5B | B |
| 61 | Teachers Retirement System of Louisiana (TRSL) State of Louisiana | public | LA | 172,000 | 66.1% | $21.5B | C |
| 62 | General Motors Salaried Pension Plan General Motors | corporate | MI | 165,000 | 82.2% | $31.5B | B |
| 63 | Sheet Metal Workers National Pension Fund Sheet Metal Workers International Association | multiemployer | VA | 165,000 | 57.8% | $9.8B | C |
| 64 | Oklahoma Teachers Retirement System State of Oklahoma | public | OK | 162,000 | 67.8% | $18.2B | B |
| 65 | State Employees Retirement System of Illinois (SERS) State of Illinois | public | IL | 152,000 | 40.4% | $19.8B | D |
| 66 | Kentucky Teachers Retirement System (KTRS) State of Kentucky | public | KY | 152,000 | 55.3% | $21.0B | C |
| 67 | Kentucky Employees Retirement System (KERS) State of Kentucky | public | KY | 142,000 | 20.4% | $7.2B | F |
| 68 | Idaho Public Employee Retirement System (PERSI) State of Idaho | public | ID | 142,000 | 88.2% | $21.2B | A |
| 69 | Georgia Employees Retirement System (ERS) State of Georgia | public | GA | 138,000 | 77.2% | $17.8B | B |
| 70 | Alabama Employees Retirement System (ERS) State of Alabama | public | AL | 132,000 | 69.8% | $15.5B | B |
| 71 | Hawaii Employees Retirement System (ERS) State of Hawaii | public | HI | 132,000 | 59.8% | $20.0B | C |
| 72 | Raytheon Company Pension Plan for Salaried Employees RTX Corporation | corporate | VA | 122,000 | 81.8% | $24.0B | B |
| 73 | Honeywell International Pension Plan Honeywell International | corporate | NC | 122,000 | 85.8% | $26.0B | A |
| 74 | Missouri State Employees Retirement System (MOSERS) State of Missouri | public | MO | 120,000 | 72.2% | $9.5B | B |
| 75 | Northrop Grumman Pension Plan Northrop Grumman | corporate | VA | 115,000 | 82.1% | $23.5B | B |
| 76 | Connecticut State Employees Retirement System (SERS) State of Connecticut | public | CT | 112,000 | 38.2% | $14.2B | D |
| 77 | Minnesota State Retirement System (MSRS) State of Minnesota | public | MN | 112,000 | 77.3% | $14.5B | B |
| 78 | Arkansas Teacher Retirement System (ATRS) State of Arkansas | public | AR | 112,000 | 71.9% | $18.5B | B |
| 79 | SEIU National Industry Pension Fund Service Employees International Union | multiemployer | DC | 112,000 | 48.2% | $4.0B | D |
| 80 | Nebraska Public Employees Retirement Systems State of Nebraska | public | NE | 110,000 | 87.9% | $15.2B | A |
| 81 | Louisiana State Employees Retirement System (LASERS) State of Louisiana | public | LA | 108,000 | 62.2% | $11.2B | C |
| 82 | New Mexico Public Employees Retirement Association (PERA) State of New Mexico | public | NM | 108,000 | 67.9% | $16.2B | B |
| 83 | Procter & Gamble Retirement Plan Procter & Gamble | corporate | OH | 108,000 | 86.2% | $14.0B | A |
| 84 | Laborers National (Industrial) Pension Fund LIUNA | multiemployer | DC | 108,000 | 58.2% | $6.5B | C |
| 85 | Massachusetts Teachers Retirement System State of Massachusetts | public | MA | 102,000 | 55.2% | $23.0B | C |
| 86 | Massachusetts State Employees Retirement System State of Massachusetts | public | MA | 98,000 | 64.9% | $9.5B | C |
| 87 | Arkansas Public Employees Retirement System (APERS) State of Arkansas | public | AR | 98,000 | 74.8% | $9.5B | B |
| 88 | Connecticut Teachers Retirement Board State of Connecticut | public | CT | 92,000 | 52.3% | $20.5B | C |
| 89 | New Mexico Educational Retirement Board (ERB) State of New Mexico | public | NM | 92,000 | 64.1% | $14.5B | C |
| 90 | Caterpillar Inc. Retirement Income Plan Caterpillar Inc. | corporate | TX | 92,000 | 76.2% | $14.0B | B |
| 91 | Michigan State Employees Retirement System State of Michigan | public | MI | 88,000 | 61.8% | $12.2B | C |
| 92 | New Jersey Police & Firemen's Retirement System (PFRS) State of New Jersey | public | NJ | 88,000 | 58.1% | $30.0B | C |
| 93 | Oklahoma Public Employees Retirement System (OPERS) State of Oklahoma | public | OK | 88,000 | 70.3% | $10.2B | B |
| 94 | ExxonMobil Pension Plan ExxonMobil | corporate | TX | 88,000 | 88.2% | $23.5B | A |
| 95 | Johnson & Johnson Pension Plan Johnson & Johnson | corporate | NJ | 88,000 | 89.8% | $16.2B | A |
| 96 | DuPont Pension & Retirement Plan DuPont de Nemours | corporate | DE | 88,000 | 82.1% | $17.5B | B |
| 97 | 3M Company Pension Plan 3M Company | corporate | MN | 88,000 | 79.8% | $13.5B | B |
| 98 | United Mine Workers of America 1974 Pension Plan UMWA | multiemployer | DC | 82,000 | 52.2% | $3.8B | C |
| 99 | South Dakota Retirement System (SDRS) State of South Dakota | public | SD | 78,000 | 96.8% | $14.2B | A |
| 100 | General Dynamics Corporation Pension Plan General Dynamics | corporate | VA | 78,000 | 85.1% | $14.5B | A |