Employees Retirement System of Texas (ERS) vs General Motors Hourly-Rate Employees Pension Plan
Side-by-side pension health comparison from DOL and public plan data
Verdict
General Motors Hourly-Rate Employees Pension Plan has a stronger Pension Health Score of 78/100 (B) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 10.0 percentage points (80.1% vs 70.1%). General Motors Hourly-Rate Employees Pension Plan covers 302,000 participants.
| Metric | Employees Retirement System of Texas (ERS) | General Motors Hourly-Rate Employees Pension Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 66/100 (B) | 78/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 70.1% | 80.1%* |
| Total Assets | $31.5B | $66.5B |
| Total Liabilities | $44.9B* | $83.0B |
| Unfunded Liability | $13.4B* | $16.5B |
| Participants | 327,000 | 302,000 |
| 1-Year Investment Return | 5.5% | 7.2%* |
| Plan Type | public | corporate |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Texas | General Motors |
General Motors Hourly-Rate Employees Pension Plan has a stronger Pension Health Score of 78/100 (B) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 10.0 percentage points (80.1% vs 70.1%). General Motors Hourly-Rate Employees Pension Plan covers 302,000 participants.