Teacher Retirement System of Texas (TRS) vs Michigan Public School Employees Retirement System (MPSERS)
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 Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 17.7 percentage points (78.1% vs 60.4%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.
| Metric | Teacher Retirement System of Texas (TRS) | Michigan Public School Employees Retirement System (MPSERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 72/100 (B)* | 56/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.1%* | 60.4% |
| Total Assets | $193.0B | $54.0B |
| Total Liabilities | $247.0B | $89.4B* |
| Unfunded Liability | $54.0B | $35.4B* |
| Participants | 1,730,000 | 465,000 |
| 1-Year Investment Return | 6.1%* | 5.3% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Texas | State of Michigan |
Teacher Retirement System of Texas (TRS) has a stronger Pension Health Score of 72/100 (B) compared to Michigan Public School Employees Retirement System (MPSERS) at 56/100 (C). Funding ratios differ by 17.7 percentage points (78.1% vs 60.4%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.