Teacher Retirement System of Texas (TRS) vs New Jersey Teachers Pension & Annuity Fund (TPAF)
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 Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 30.0 percentage points (78.1% vs 48.1%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.
| Metric | Teacher Retirement System of Texas (TRS) | New Jersey Teachers Pension & Annuity Fund (TPAF) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 72/100 (B)* | 51/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.1%* | 48.1% |
| Total Assets | $193.0B | $28.5B |
| Total Liabilities | $247.0B | $59.3B* |
| Unfunded Liability | $54.0B | $30.8B* |
| Participants | 1,730,000 | 268,000 |
| 1-Year Investment Return | 6.1%* | 4.9% |
| 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 Teachers Pension & Annuity Fund (TPAF) at 51/100 (C). Funding ratios differ by 30.0 percentage points (78.1% vs 48.1%). Teacher Retirement System of Texas (TRS) covers 1,730,000 participants.