Tennessee Consolidated Retirement System (TCRS) vs University of California Retirement Plan
Side-by-side pension health comparison from DOL and public plan data
Tennessee Consolidated Retirement System (TCRS) (A) and University of California Retirement Plan (B) are close on the LakeQuality rubric. Funding ratios sit at 92% and 84% 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
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to University of California Retirement Plan at 78/100 (B). Funding ratios differ by 8.6 percentage points (92.1% vs 83.5%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.
| Metric | Tennessee Consolidated Retirement System (TCRS) | University of California Retirement Plan |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 83/100 (A)* | 78/100 (B) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 92.1%* | 83.5% |
| Total Assets | $57.0B | $82.0B |
| Total Liabilities | $61.9B* | $98.2B |
| Unfunded Liability | $4.9B* | $16.2B |
| Participants | 378,000 | 305,000 |
| 1-Year Investment Return | 6.8% | 7.2%* |
| Plan Type | public | public |
| PBGC Risk Level | low | low |
| Sponsor | State of Tennessee | University of California |
Tennessee Consolidated Retirement System (TCRS) has a stronger Pension Health Score of 83/100 (A) compared to University of California Retirement Plan at 78/100 (B). Funding ratios differ by 8.6 percentage points (92.1% vs 83.5%). Tennessee Consolidated Retirement System (TCRS) covers 378,000 participants.