NYC Teachers Retirement System (TRS) vs School Employees Retirement System of Ohio (SERS)
Side-by-side pension health comparison from DOL and public plan data
NYC Teachers Retirement System (TRS) (B) and School Employees Retirement System of Ohio (SERS) (B) are close on the LakeQuality rubric. Funding ratios sit at 74% and 68% 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
NYC Teachers Retirement System (TRS) has a stronger Pension Health Score of 68/100 (B) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 6.3 percentage points (74.2% vs 67.9%). NYC Teachers Retirement System (TRS) covers 225,000 participants.
| Metric | NYC Teachers Retirement System (TRS) | School Employees Retirement System of Ohio (SERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 68/100 (B)* | 66/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 74.2%* | 67.9% |
| Total Assets | $92.0B | $16.2B |
| Total Liabilities | $124.0B | $23.9B* |
| Unfunded Liability | $32.0B | $7.7B* |
| Participants | 225,000 | 218,000 |
| 1-Year Investment Return | 5.4%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | New York City | State of Ohio |
NYC Teachers Retirement System (TRS) has a stronger Pension Health Score of 68/100 (B) compared to School Employees Retirement System of Ohio (SERS) at 66/100 (B). Funding ratios differ by 6.3 percentage points (74.2% vs 67.9%). NYC Teachers Retirement System (TRS) covers 225,000 participants.