Employees Retirement System of Texas (ERS) vs Caterpillar Inc. Retirement Income Plan
Side-by-side pension health comparison from DOL and public plan data
Employees Retirement System of Texas (ERS) and Caterpillar Inc. Retirement Income Plan are meaningfully apart on the LakeQuality pension-health rubric: Employees Retirement System of Texas (ERS) grades B while Caterpillar Inc. Retirement Income Plan grades A. Funding ratios: 70% vs 106%.
Caterpillar Inc. Retirement Income Plan comes out ahead on the composite rubric. For a participant in either plan, the spread is informative but not directly actionable — pension participation is not portable, so the relevant question is what each plan's funded-status trajectory means for that participant's benefit security.
Verdict
Caterpillar Inc. Retirement Income Plan has a stronger Pension Health Score of 100/100 (A) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 36.1 percentage points (106.2% vs 70.1%). Caterpillar Inc. Retirement Income Plan covers 39,566 participants.
| Metric | Employees Retirement System of Texas (ERS) | Caterpillar Inc. Retirement Income Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 66/100 (B) | 100/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 70.1% | 106.2%* |
| Total Assets | $31.5B | $9.8B |
| Total Liabilities | $44.9B | $9.2B* |
| Unfunded Liability | $13.4B | $0* |
| Participants | 327,000 | 39,566 |
| 1-Year Investment Return | 5.5% | 6.7%* |
| Plan Type | public | corporate |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Texas | Caterpillar Inc. |
Caterpillar Inc. Retirement Income Plan has a stronger Pension Health Score of 100/100 (A) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 36.1 percentage points (106.2% vs 70.1%). Caterpillar Inc. Retirement Income Plan covers 39,566 participants.
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