Pension Plans in Virginia — Ranked by Health Score
Virginia has 6 pension plans covering 1,448,000 participants. The average funding ratio is 76.9%, ranking #22 among all states. 3 plans are underfunded.
6
Total Plans
1,448,000
Participants
76.9%
Avg Funding
$214.8B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | Virginia Retirement System (VRS) | 740,000 | 75.1% | B |
| 2 | Boeing Company Employee Retirement Plan | 228,000 | 78.1% | B |
| 3 | Sheet Metal Workers National Pension Fund | 165,000 | 57.8% | C |
| 4 | Raytheon Company Pension Plan for Salaried Employees | 122,000 | 81.8% | B |
| 5 | Northrop Grumman Pension Plan | 115,000 | 82.1% | B |
| 6 | General Dynamics Corporation Pension Plan | 78,000 | 85.1% | A |
Frequently Asked Questions
Virginia has 6 pension plans covering 1,448,000 participants, with combined assets of $214.8B against $279.4B in liabilities.
The average funding ratio across Virginia pension plans is 76.9%. 3 of 6 plans (50%) are considered underfunded.
Virginia Retirement System (VRS) is the top-rated plan in Virginia with a funding ratio of 75.1% and a Pension Health Grade of B.
Plans ranked by Pension Health Score: 50% funding ratio, 30% 3-year funding trend, 20% PBGC risk level.