Tennessee Consolidated Retirement System (TCRS) vs Iowa Public Employees Retirement System (IPERS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to Iowa Public Employees Retirement System (IPERS) at 80/100 (A). Funding ratios differ by 7.3 percentage points (92.1% vs 84.8%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.
| Metric | Tennessee Consolidated Retirement System (TCRS) | Iowa Public Employees Retirement System (IPERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 83/100 (A)* | 80/100 (A) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 92.1%* | 84.8% |
| Total Assets | $57.0B | $35.5B |
| Total Liabilities | $61.9B | $41.9B* |
| Unfunded Liability | $4.9B* | $6.4B |
| Participants | 378,000 | 372,000 |
| 1-Year Investment Return | 6.8%* | 6.4% |
| Plan Type | public | public |
| PBGC Risk Level | low | low |
| Sponsor | State of Tennessee | State of Iowa |
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to Iowa Public Employees Retirement System (IPERS) at 80/100 (A). Funding ratios differ by 7.3 percentage points (92.1% vs 84.8%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.