# Jefferson Defined Benefit Plan

Jefferson Defined Benefit Plan is a Pension Fund based in Philadelphia, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Philadelphia, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Assets under management:** Undisclosed
- **Website:** hr.jefferson.edu

## Regulatory record

- **Reports private funds:** No

## About

The Jefferson Defined Benefit Plan serves the workforce of Jefferson Health and Thomas Jefferson University, Philadelphia's largest health system by employment. It absorbed the Pension Plan of Abington Memorial Hospital, folding that suburban Montgomery County workforce into the city-based plan following the health systems' merger. The plan is a traditional defined-benefit pension, meaning it assumes the investment risk to deliver fixed retirement payments to participants for life. Philadelphia-area pension funds of this type frequently commit to regional and national private equity firms through fund-of-funds structures or direct manager relationships. Without publicly disclosed holdings, the plan's specific positions are not confirmable. Its funding status and actuarial assumptions are reported annually via Jefferson's financial statements. The plan is governed by Jefferson's board with oversight from an investment committee, following standard ERISA fiduciary obligations. Plan assets are managed by external institutional managers, though the roster is not publicly itemized. No recent operational announcements or allocation changes have been made public. The plan's structural distinction lies in its embeddedness within a nonprofit health system that also operates a major academic medical center — a dynamic that shapes both its liability profile and its investment posture relative to standalone corporate pensions.

## Questions

### What entities does the Jefferson Defined Benefit Plan cover?

The plan covers employees of Jefferson Health and Thomas Jefferson University. It also incorporated the former Pension Plan of Abington Memorial Hospital following the health systems' merger, expanding coverage to that workforce.

### How is the plan funded and what is its current funding ratio?

Like all ERISA-governed defined-benefit pensions, the plan is funded through employer contributions calculated by actuarial assumptions. Jefferson Health reports the plan's funded status in its consolidated annual financial statements, which are publicly available for review.

### Who manages the assets of the Jefferson Defined Benefit Plan?

Asset management is outsourced to external institutional managers selected by Jefferson's investment committee. The specific roster of managers and the allocation breakdown across asset classes are not publicly itemized in accessible disclosures.

## Related profiles

- [Jefferies Private Wealth Management](https://altss.com/profile/jefferies-private-wealth-management)
- [Jefferson Federation of Teachers' Health and Welfare Fund](https://altss.com/profile/jefferson-federation-of-teachers-health-and-welfare-fund)

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Last updated: 2026-08-11T02:43:31.692Z

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