Plumbers & Pipefitters National Pension Fund 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 Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 23.7 percentage points (87.8% vs 64.1%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.
| Metric | Plumbers & Pipefitters National Pension Fund | Texas Municipal Retirement System (TMRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 56/100 (C) | 82/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 64.1% | 87.8%* |
| Total Assets | $21.0B | $36.8B |
| Total Liabilities | $32.8B* | $41.9B |
| Unfunded Liability | $11.8B | $5.1B* |
| Participants | 430,000 | 218,000 |
| 1-Year Investment Return | 5.5% | 6.3%* |
| Plan Type | multiemployer | public |
| PBGC Risk Level | high | low |
| Sponsor | United Association (UA) | Texas Cities |
Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to Plumbers & Pipefitters National Pension Fund at 56/100 (C). Funding ratios differ by 23.7 percentage points (87.8% vs 64.1%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.