Teacher Retirement System of Texas (TRS) vs New York State & Local Retirement System (NYSLRS)
Side-by-side pension health comparison from DOL and public plan data
Teacher Retirement System of Texas (TRS) (B) and New York State & Local Retirement System (NYSLRS) (A) are close on the LakeQuality rubric. Funding ratios sit at 78% and 95% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
New York State & Local Retirement System (NYSLRS) has a stronger Pension Health Score of 82/100 (A) compared to Teacher Retirement System of Texas (TRS) at 72/100 (B). Funding ratios differ by 17.2 percentage points (95.3% vs 78.1%). New York State & Local Retirement System (NYSLRS) covers 1,070,000 participants.
| Metric | Teacher Retirement System of Texas (TRS) | New York State & Local Retirement System (NYSLRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 72/100 (B) | 82/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.1% | 95.3%* |
| Total Assets | $193.0B | $248.0B |
| Total Liabilities | $247.0B* | $260.2B |
| Unfunded Liability | $54.0B | $12.2B* |
| Participants | 1,730,000 | 1,070,000 |
| 1-Year Investment Return | 6.1% | 7.1%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Texas | State of New York |
New York State & Local Retirement System (NYSLRS) has a stronger Pension Health Score of 82/100 (A) compared to Teacher Retirement System of Texas (TRS) at 72/100 (B). Funding ratios differ by 17.2 percentage points (95.3% vs 78.1%). New York State & Local Retirement System (NYSLRS) covers 1,070,000 participants.