Teacher Retirement System of Texas (TRS) vs California State Teachers Retirement System (CalSTRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
California State Teachers Retirement System (CalSTRS) has a stronger Pension Health Score of 73/100 (B) compared to Teacher Retirement System of Texas (TRS) at 72/100 (B). Funding ratios differ by 5.2 percentage points (72.9% vs 78.1%). California State Teachers Retirement System (CalSTRS) covers 985,000 participants.
| Metric | Teacher Retirement System of Texas (TRS) | California State Teachers Retirement System (CalSTRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 72/100 (B) | 73/100 (B)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.1%* | 72.9% |
| Total Assets | $193.0B | $318.0B |
| Total Liabilities | $247.0B* | $436.0B |
| Unfunded Liability | $54.0B* | $118.0B |
| Participants | 1,730,000 | 985,000 |
| 1-Year Investment Return | 6.1% | 6.2%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | moderate |
| Sponsor | State of Texas | State of California |
California State Teachers Retirement System (CalSTRS) has a stronger Pension Health Score of 73/100 (B) compared to Teacher Retirement System of Texas (TRS) at 72/100 (B). Funding ratios differ by 5.2 percentage points (72.9% vs 78.1%). California State Teachers Retirement System (CalSTRS) covers 985,000 participants.