New York State & Local Retirement System (NYSLRS) vs Tennessee Consolidated Retirement System (TCRS)
Side-by-side pension health comparison from DOL and public plan data
New York State & Local Retirement System (NYSLRS) (A) and Tennessee Consolidated Retirement System (TCRS) (A) are close on the LakeQuality rubric. Funding ratios sit at 95% and 92% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to New York State & Local Retirement System (NYSLRS) at 82/100 (A). Funding ratios differ by 3.2 percentage points (92.1% vs 95.3%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.
| Metric | New York State & Local Retirement System (NYSLRS) | Tennessee Consolidated Retirement System (TCRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 82/100 (A) | 83/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 95.3%* | 92.1% |
| Total Assets | $248.0B | $57.0B |
| Total Liabilities | $260.2B | $61.9B* |
| Unfunded Liability | $12.2B | $4.9B* |
| Participants | 1,070,000 | 378,000 |
| 1-Year Investment Return | 7.1%* | 6.8% |
| Plan Type | public | public |
| PBGC Risk Level | low | low |
| Sponsor | State of New York | State of Tennessee |
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to New York State & Local Retirement System (NYSLRS) at 82/100 (A). Funding ratios differ by 3.2 percentage points (92.1% vs 95.3%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.