Employees Retirement System of Texas (ERS) vs New Jersey Teachers Pension & Annuity Fund (TPAF)
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 New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 22.0 percentage points (70.1% vs 48.1%). Employees Retirement System of Texas (ERS) covers 327,000 participants.
| Metric | Employees Retirement System of Texas (ERS) | New Jersey Teachers Pension & Annuity Fund (TPAF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 66/100 (B)* | 51/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 70.1%* | 48.1% |
| Total Assets | $31.5B | $28.5B |
| Total Liabilities | $44.9B* | $59.3B |
| Unfunded Liability | $13.4B* | $30.8B |
| Participants | 327,000 | 268,000 |
| 1-Year Investment Return | 5.5%* | 4.9% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Texas | State of New Jersey |
Employees Retirement System of Texas (ERS) has a stronger Pension Health Score of 66/100 (B) compared to New Jersey Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 22.0 percentage points (70.1% vs 48.1%). Employees Retirement System of Texas (ERS) covers 327,000 participants.