Operating Engineers Local 324 Pension Fund vs Texas Municipal Retirement System (TMRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Texas Municipal Retirement System (TMRS) at 82/100 (A). Funding ratios differ by 17.3 percentage points (105.1% vs 87.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.
| Metric | Operating Engineers Local 324 Pension Fund | Texas Municipal Retirement System (TMRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 100/100 (A)* | 82/100 (A) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 105.1%* | 87.8% |
| Total Assets | $24.8B | $36.8B |
| Total Liabilities | $23.6B* | $41.9B |
| Unfunded Liability | $0* | $5.1B |
| Participants | 230,039 | 218,000 |
| 1-Year Investment Return | 5.7% | 6.3%* |
| Plan Type | multiemployer | public |
| PBGC Risk Level | low | low |
| Sponsor | IUOE Local 324 | Texas Cities |
Operating Engineers Local 324 Pension Fund has a stronger Pension Health Score of 100/100 (A) compared to Texas Municipal Retirement System (TMRS) at 82/100 (A). Funding ratios differ by 17.3 percentage points (105.1% vs 87.8%). Operating Engineers Local 324 Pension Fund covers 230,039 participants.