Teacher Retirement System of Texas (TRS) vs Arizona State Retirement System (ASRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Teacher Retirement System of Texas (TRS) has a stronger Pension Health Score of 72/100 (B) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 5.8 percentage points (78.1% vs 72.3%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.
| Metric | Teacher Retirement System of Texas (TRS) | Arizona State Retirement System (ASRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 72/100 (B)* | 68/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.1%* | 72.3% |
| Total Assets | $193.0B | $46.0B |
| Total Liabilities | $247.0B | $63.6B* |
| Unfunded Liability | $54.0B | $17.6B* |
| Participants | 1,730,000 | 588,000 |
| 1-Year Investment Return | 6.1%* | 5.8% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of Texas | State of Arizona |
Teacher Retirement System of Texas (TRS) has a stronger Pension Health Score of 72/100 (B) compared to Arizona State Retirement System (ASRS) at 68/100 (B). Funding ratios differ by 5.8 percentage points (78.1% vs 72.3%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.