Tennessee Consolidated Retirement System (TCRS) vs AT&T Pension Benefit Plan
Side-by-side pension health comparison from DOL and public plan data
Tennessee Consolidated Retirement System (TCRS) (A) and AT&T Pension Benefit Plan (A) are close on the LakeQuality rubric. Funding ratios sit at 92% and 94% 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
AT&T Pension Benefit Plan has a stronger Pension Health Score of 97/100 (A) compared to Tennessee Consolidated Retirement System (TCRS) at 83/100 (A). Funding ratios differ by 1.6 percentage points (93.7% vs 92.1%). AT&T Pension Benefit Plan covers 286,355 participants.
| Metric | Tennessee Consolidated Retirement System (TCRS) | AT&T Pension Benefit Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 83/100 (A) | 97/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 92.1% | 93.7%* |
| Total Assets | $57.0B | $30.0B |
| Total Liabilities | $61.9B | $32.0B* |
| Unfunded Liability | $4.9B | $2.0B* |
| Participants | 378,000 | 286,355 |
| 1-Year Investment Return | 6.8% | 6.9%* |
| Plan Type | public | corporate |
| PBGC Risk Level | low | low |
| Sponsor | State of Tennessee | AT&T Inc. |
AT&T Pension Benefit Plan has a stronger Pension Health Score of 97/100 (A) compared to Tennessee Consolidated Retirement System (TCRS) at 83/100 (A). Funding ratios differ by 1.6 percentage points (93.7% vs 92.1%). AT&T Pension Benefit Plan covers 286,355 participants.