Iowa Public Employees Retirement System (IPERS) vs Texas Municipal Retirement System (TMRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to Iowa Public Employees Retirement System (IPERS) at 80/100 (A). Funding ratios differ by 3.0 percentage points (87.8% vs 84.8%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.
| Metric | Iowa Public Employees Retirement System (IPERS) | Texas Municipal Retirement System (TMRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 80/100 (A) | 82/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 84.8% | 87.8%* |
| Total Assets | $35.5B | $36.8B |
| Total Liabilities | $41.9B | $41.9B |
| Unfunded Liability | $6.4B | $5.1B* |
| Participants | 372,000 | 218,000 |
| 1-Year Investment Return | 6.4%* | 6.3% |
| Plan Type | public | public |
| PBGC Risk Level | low | low |
| Sponsor | State of Iowa | Texas Cities |
Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to Iowa Public Employees Retirement System (IPERS) at 80/100 (A). Funding ratios differ by 3.0 percentage points (87.8% vs 84.8%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.