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PensionRisk

NYC Teachers Retirement System (TRS) vs Texas Municipal Retirement System (TMRS)

Side-by-side pension health comparison from DOL and public plan data

NYC Teachers Retirement System (TRS) (B) and Texas Municipal Retirement System (TMRS) (A) are close on the PensionRisk rubric. Funding ratios sit at 74% and 88% 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.

Reviewed by PensionRisk Editorial Team · Updated

Verdict

Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to NYC Teachers Retirement System (TRS) at 68/100 (B). Funding ratios differ by 13.6 percentage points (87.8% vs 74.2%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.

MetricNYC Teachers Retirement System (TRS)Texas Municipal Retirement System (TMRS)
Health Score
Composite of funding ratio, trend, and PBGC risk
68/100 (B)82/100 (A)*
Funding Ratio
Assets as % of liabilities (100%+ is fully funded)
74.2%87.8%*
Total Assets$92.0B$36.8B
Total Liabilities$124.0B$41.9B*
Unfunded Liability$32.0B$5.1B*
Participants225,000218,000
1-Year Investment Return5.4%6.3%*
Plan Typepublicpublic
PBGC Risk Levelmoderatelow
SponsorNew York CityTexas Cities

Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to NYC Teachers Retirement System (TRS) at 68/100 (B). Funding ratios differ by 13.6 percentage points (87.8% vs 74.2%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.

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NYC Teachers Retirement System (TRS) full profile|Texas Municipal Retirement System (TMRS) full profile

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