Teacher Retirement System of Texas (TRS) vs New Jersey Public Employees Retirement System (PERS)
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 New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 25.8 percentage points (78.1% vs 52.3%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.
| Metric | Teacher Retirement System of Texas (TRS) | New Jersey Public Employees Retirement System (PERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 72/100 (B)* | 54/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.1%* | 52.3% |
| Total Assets | $193.0B | $34.0B |
| Total Liabilities | $247.0B | $65.0B* |
| Unfunded Liability | $54.0B | $31.0B* |
| Participants | 1,730,000 | 425,000 |
| 1-Year Investment Return | 6.1%* | 5.1% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Texas | State of New Jersey |
Teacher Retirement System of Texas (TRS) has a stronger Pension Health Score of 72/100 (B) compared to New Jersey Public Employees Retirement System (PERS) at 54/100 (C). Funding ratios differ by 25.8 percentage points (78.1% vs 52.3%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.