Employees Retirement System of Texas (ERS) vs NYC Teachers Retirement System (TRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
NYC Teachers Retirement System (TRS) has a stronger Pension Health Score of 68/100 (B) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 4.1 percentage points (74.2% vs 70.1%). NYC Teachers Retirement System (TRS) covers 225,000 participants.
| Metric | Employees Retirement System of Texas (ERS) | NYC Teachers Retirement System (TRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 66/100 (B) | 68/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 70.1% | 74.2%* |
| Total Assets | $31.5B | $92.0B |
| Total Liabilities | $44.9B* | $124.0B |
| Unfunded Liability | $13.4B* | $32.0B |
| Participants | 327,000 | 225,000 |
| 1-Year Investment Return | 5.5%* | 5.4% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of Texas | New York City |
NYC Teachers Retirement System (TRS) has a stronger Pension Health Score of 68/100 (B) compared to Employees Retirement System of Texas (ERS) at 66/100 (B). Funding ratios differ by 4.1 percentage points (74.2% vs 70.1%). NYC Teachers Retirement System (TRS) covers 225,000 participants.