California Public Employees Retirement System (CalPERS) vs Employees Retirement System of Texas (ERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Employees Retirement System of Texas (ERS) has a stronger Pension Health Score of 66/100 (B) compared to California Public Employees Retirement System (CalPERS) at 58/100 (C). Funding ratios differ by 2.8 percentage points (70.1% vs 67.3%). Employees Retirement System of Texas (ERS) covers 327,000 participants.
| Metric | California Public Employees Retirement System (CalPERS) | Employees Retirement System of Texas (ERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 58/100 (C) | 66/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.3% | 70.1%* |
| Total Assets | $473.0B | $31.5B |
| Total Liabilities | $703.0B | $44.9B* |
| Unfunded Liability | $230.0B | $13.4B* |
| Participants | 2,050,000 | 327,000 |
| 1-Year Investment Return | 5.8%* | 5.5% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of California | State of Texas |
Employees Retirement System of Texas (ERS) has a stronger Pension Health Score of 66/100 (B) compared to California Public Employees Retirement System (CalPERS) at 58/100 (C). Funding ratios differ by 2.8 percentage points (70.1% vs 67.3%). Employees Retirement System of Texas (ERS) covers 327,000 participants.