Pension Plans in Pennsylvania, Ranked by Health Score
Pennsylvania has 5 pension plans covering 854,170 participants. The average funding ratio is 59.8%, ranking #47 among all states. 3 plans are underfunded.
Pennsylvania has 5 pension plans in our dataset, ranked below by the LakeQuality pension-health composite. The score combines current funding ratio (50%), multi-year funding trend (30%), and PBGC risk classification (20%) into a 0-100 grade.
Top-of-list plans usually combine funded ratios at or above 90% with stable multi-year trajectories and low PBGC risk. Public-sector teacher and employee retirement systems dominate the top rankings in many states because their large asset bases support institutional investment management. Each plan below links to its full profile — multi-year funding history, participant demographics, sponsor financials where available, and the underlying factors driving the composite grade.
5
Total Plans
854,170
Participants
59.8%
Avg Funding
$118.6B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | Pennsylvania Public School Employees Retirement System (PSERS) | 518,000 | 57.8% | C |
| 2 | Pennsylvania State Employees Retirement System (SERS) | 245,000 | 63.1% | C |
| 3 | Philadelphia Municipal Retirement System | 63,000 | 48.2% | C |
| 4 | US Steel Corporation Plan for Employee Pension Benefits | 24,055 | 104.1% | A |
| 5 | Alcoa Corporation Retirement Plan | 4,115 | 119.7% | A |
Frequently Asked Questions
Pennsylvania has 5 pension plans covering 854,170 participants, with combined assets of $118.6B against $198.4B in liabilities.
The average funding ratio across Pennsylvania pension plans is 59.8%. 3 of 5 plans (60%) are considered underfunded.
Pennsylvania Public School Employees Retirement System (PSERS) is the top-rated plan in Pennsylvania with a funding ratio of 57.8% and a Pension Health Grade of C.
Plans ranked by Pension Health Score: 50% funding ratio, 30% 3-year funding trend, 20% PBGC risk level.