Florida Retirement System (FRS) vs California State Teachers Retirement System (CalSTRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Florida Retirement System (FRS) has a stronger Pension Health Score of 76/100 (B) compared to California State Teachers Retirement System (CalSTRS) at 73/100 (B). Funding ratios differ by 9.3 percentage points (82.2% vs 72.9%). Florida Retirement System (FRS) covers 1,065,000 participants.
| Metric | Florida Retirement System (FRS) | California State Teachers Retirement System (CalSTRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 76/100 (B)* | 73/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 82.2%* | 72.9% |
| Total Assets | $190.0B | $318.0B |
| Total Liabilities | $231.1B* | $436.0B |
| Unfunded Liability | $41.1B* | $118.0B |
| Participants | 1,065,000 | 985,000 |
| 1-Year Investment Return | 6.5%* | 6.2% |
| Plan Type | public | public |
| PBGC Risk Level | low | moderate |
| Sponsor | State of Florida | State of California |
Florida Retirement System (FRS) has a stronger Pension Health Score of 76/100 (B) compared to California State Teachers Retirement System (CalSTRS) at 73/100 (B). Funding ratios differ by 9.3 percentage points (82.2% vs 72.9%). Florida Retirement System (FRS) covers 1,065,000 participants.