Low Risk Pension Plans
Plans with strong funding, positive trends, and minimal PBGC concern. These are the safest pension plans available.
| # | Plan Name | Type | State | Participants | Funding Ratio | Unfunded Gap | Grade |
|---|---|---|---|---|---|---|---|
| 1 | New York State & Local Retirement System (NYSLRS) State of New York | public | NY | 1,070,000 | 95.3% | $12.2B | A |
| 2 | Florida Retirement System (FRS) State of Florida | public | FL | 1,065,000 | 82.2% | $41.1B | B |
| 3 | North Carolina Retirement Systems State of North Carolina | public | NC | 960,000 | 87.1% | $16.6B | A |
| 4 | Ohio Public Employees Retirement System (OPERS) State of Ohio | public | OH | 762,000 | 82.5% | $22.3B | A |
| 5 | Wisconsin Retirement System (WRS) State of Wisconsin | public | WI | 665,000 | 98.4% | $2.0B | A |
| 6 | Western Conference of Teamsters Pension Trust Teamsters Western Conference | multiemployer | WA | 590,000 | 81.9% | $10.2B | B |
| 7 | Washington State Department of Retirement Systems State of Washington | public | WA | 528,000 | 87.8% | $15.0B | A |
| 8 | State Teachers Retirement System of Ohio (STRS Ohio) State of Ohio | public | OH | 507,000 | 80.2% | $22.2B | A |
| 9 | AT&T Pension Benefit Plan AT&T Inc. | corporate | TX | 472,000 | 81.8% | $12.2B | B |
| 10 | Illinois Municipal Retirement Fund (IMRF) State of Illinois | public | IL | 438,000 | 81.2% | $11.9B | A |
| 11 | New York State Teachers Retirement System (NYSTRS) State of New York | public | NY | 433,000 | 97.1% | $3.9B | A |
| 12 | Texas County & District Retirement System (TCDRS) Texas Counties | public | TX | 385,000 | 86.2% | $6.3B | A |
| 13 | IBM Personal Pension Plan IBM Corporation | corporate | NY | 382,000 | 90.1% | $6.2B | A |
| 14 | Tennessee Consolidated Retirement System (TCRS) State of Tennessee | public | TN | 378,000 | 92.1% | $4.9B | A |
| 15 | Iowa Public Employees Retirement System (IPERS) State of Iowa | public | IA | 372,000 | 84.8% | $6.4B | A |
| 16 | University of California Retirement Plan University of California | public | CA | 305,000 | 83.5% | $16.2B | B |
| 17 | General Motors Hourly-Rate Employees Pension Plan General Motors | corporate | MI | 302,000 | 80.1% | $16.5B | B |
| 18 | Missouri Public School Retirement System (PSRS) State of Missouri | public | MO | 220,000 | 83.8% | $9.1B | A |
| 19 | Texas Municipal Retirement System (TMRS) Texas Cities | public | TX | 218,000 | 87.8% | $5.1B | A |
| 20 | Utah Retirement Systems (URS) State of Utah | public | UT | 218,000 | 90.3% | $4.3B | A |
| 21 | Ford Motor Company Retirement Plan Ford Motor Company | corporate | MI | 195,000 | 84.1% | $8.7B | A |
| 22 | General Motors Salaried Pension Plan General Motors | corporate | MI | 165,000 | 82.2% | $6.8B | B |
| 23 | Idaho Public Employee Retirement System (PERSI) State of Idaho | public | ID | 142,000 | 88.2% | $2.8B | A |
| 24 | Raytheon Company Pension Plan for Salaried Employees RTX Corporation | corporate | VA | 122,000 | 81.8% | $5.3B | B |
| 25 | Honeywell International Pension Plan Honeywell International | corporate | NC | 122,000 | 85.8% | $4.3B | A |
| 26 | Northrop Grumman Pension Plan Northrop Grumman | corporate | VA | 115,000 | 82.1% | $5.1B | B |
| 27 | Nebraska Public Employees Retirement Systems State of Nebraska | public | NE | 110,000 | 87.9% | $2.1B | A |
| 28 | Procter & Gamble Retirement Plan Procter & Gamble | corporate | OH | 108,000 | 86.2% | $2.2B | A |
| 29 | ExxonMobil Pension Plan ExxonMobil | corporate | TX | 88,000 | 88.2% | $3.1B | A |
| 30 | Johnson & Johnson Pension Plan Johnson & Johnson | corporate | NJ | 88,000 | 89.8% | $1.8B | A |
| 31 | DuPont Pension & Retirement Plan DuPont de Nemours | corporate | DE | 88,000 | 82.1% | $3.8B | B |
| 32 | South Dakota Retirement System (SDRS) State of South Dakota | public | SD | 78,000 | 96.8% | $500.0M | A |
| 33 | General Dynamics Corporation Pension Plan General Dynamics | corporate | VA | 78,000 | 85.1% | $2.5B | A |
| 34 | Pfizer Inc. Retirement Annuity Plan Pfizer Inc. | corporate | NY | 78,000 | 83.8% | $2.3B | A |
| 35 | Maine Public Employees Retirement System (MainePERS) State of Maine | public | ME | 76,000 | 80.2% | $4.1B | B |
| 36 | San Francisco Employees Retirement System City and County of San Francisco | public | CA | 68,000 | 87.3% | $4.9B | A |
| 37 | Deere & Company Pension Plan John Deere | corporate | IL | 68,000 | 82.1% | $2.6B | B |
| 38 | Delaware Public Employees Retirement System (DPERS) State of Delaware | public | DE | 62,000 | 82.1% | $2.4B | B |
| 39 | Los Angeles Fire & Police Pensions (LAFPP) City of Los Angeles | public | CA | 27,500 | 89.5% | $3.7B | A |
| 40 | Sacramento County Employees Retirement System (SCERS) Sacramento County | public | CA | 27,000 | 80.2% | $2.9B | B |
| 41 | Delta Air Lines Pilot Pension Plan Delta Air Lines | corporate | GA | 22,000 | 85.1% | $1.3B | A |
| 42 | Houston Firefighters Relief & Retirement Fund City of Houston | public | TX | 7,200 | 82.3% | $1.0B | A |
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Frequently Asked Questions
What does "Low Risk" mean for a pension plan?
Plans with strong funding, positive trends, and minimal PBGC concern. These are the safest pension plans available.
How many pension plans are at low risk level?
There are currently 42 pension plans at low risk level in our database.
What is the PBGC?
The Pension Benefit Guaranty Corporation (PBGC) is a federal agency that insures private-sector pension plans. If a plan fails, PBGC pays benefits up to a legal maximum. PBGC risk levels indicate how likely a plan is to need intervention.