Virginia Retirement System (VRS) vs Texas Municipal Retirement System (TMRS)
Side-by-side pension health comparison from DOL and public plan data
Verdict
Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 12.7 percentage points (87.8% vs 75.1%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.
| Metric | Virginia Retirement System (VRS) | Texas Municipal Retirement System (TMRS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 70/100 (B) | 82/100 (A)* |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 75.1% | 87.8%* |
| Total Assets | $87.0B | $36.8B |
| Total Liabilities | $115.8B | $41.9B* |
| Unfunded Liability | $28.8B | $5.1B* |
| Participants | 740,000 | 218,000 |
| 1-Year Investment Return | 6.0% | 6.3%* |
| Plan Type | public | public |
| PBGC Risk Level | moderate | low |
| Sponsor | State of Virginia | Texas Cities |
Texas Municipal Retirement System (TMRS) has a stronger Pension Health Score of 82/100 (A) compared to Virginia Retirement System (VRS) at 70/100 (B). Funding ratios differ by 12.7 percentage points (87.8% vs 75.1%). Texas Municipal Retirement System (TMRS) covers 218,000 participants.