California Public Employees Retirement System (CalPERS) vs Teacher Retirement System of Texas (TRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Teacher Retirement System of Texas (TRS) has a stronger Pension Health Score of 72/100 (B) compared to California Public Employees Retirement System (CalPERS) at 58/100 (C). Funding ratios differ by 10.8 percentage points (78.1% vs 67.3%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.
| Metric | California Public Employees Retirement System (CalPERS) | Teacher Retirement System of Texas (TRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 58/100 (C) | 72/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 67.3% | 78.1%* |
| Total Assets | $473.0B | $193.0B |
| Total Liabilities | $703.0B | $247.0B* |
| Unfunded Liability | $230.0B | $54.0B* |
| Participants | 2,050,000 | 1,730,000 |
| 1-Year Investment Return | 5.8% | 6.1%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of California | State of Texas |
Teacher Retirement System of Texas (TRS) has a stronger Pension Health Score of 72/100 (B) compared to California Public Employees Retirement System (CalPERS) at 58/100 (C). Funding ratios differ by 10.8 percentage points (78.1% vs 67.3%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.