Arizona State Retirement System (ASRS) vs Texas Municipal Retirement System (TMRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 15.5 percentage points (87.8% vs 72.3%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.
| Metric | Arizona State Retirement System (ASRS) | Texas Municipal Retirement System (TMRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 68/100 (B) | 82/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 72.3% | 87.8%* |
| Total Assets | $46.0B | $36.8B |
| Total Liabilities | $63.6B | $41.9B* |
| Unfunded Liability | $17.6B | $5.1B* |
| Participants | 588,000 | 218,000 |
| 1-Year Investment Return | 5.8% | 6.3%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Arizona | Texas Cities |
Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 15.5 percentage points (87.8% vs 72.3%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.