Teacher Retirement System of Texas (TRS) vs Ohio Public Employees Retirement System (OPERS)
Side-by-side pension health comparison from DOL and public plan data
Teacher Retirement System of Texas (TRS) (B) and Ohio Public Employees Retirement System (OPERS) (A) are close on the LakeQuality rubric. Funding ratios sit at 78% and 83% 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
Ohio Public Employees Retirement System (OPERS) has a stronger Pension Health Score of 80/100 (A) compared to Teacher Retirement System of Texas (TRS) at 72/100 (B). Funding ratios differ by 4.4 percentage points (82.5% vs 78.1%). Ohio Public Employees Retirement System (OPERS) covers 762,000 participants.
| Metric | Teacher Retirement System of Texas (TRS) | Ohio Public Employees Retirement System (OPERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 72/100 (B) | 80/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 78.1% | 82.5%* |
| Total Assets | $193.0B | $105.0B |
| Total Liabilities | $247.0B | $127.3B* |
| Unfunded Liability | $54.0B | $22.3B* |
| Participants | 1,730,000 | 762,000 |
| 1-Year Investment Return | 6.1% | 6.2%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Texas | State of Ohio |
Ohio Public Employees Retirement System (OPERS) has a stronger Pension Health Score of 80/100 (A) compared to Teacher Retirement System of Texas (TRS) at 72/100 (B). Funding ratios differ by 4.4 percentage points (82.5% vs 78.1%). Ohio Public Employees Retirement System (OPERS) covers 762,000 participants.