Pension Plans in Texas, Ranked by Health Score
Texas has 10 pension plans covering 3,093,796 participants. The average funding ratio is 80.9%, ranking #16 among all states. 4 plans are underfunded.
Texas has 10 pension plans in our dataset, ranked below by the LakeQuality pension-health composite. The score combines current funding ratio (50%), multi-year funding trend (30%), and PBGC risk classification (20%) into a 0-100 grade.
Top-of-list plans usually combine funded ratios at or above 90% with stable multi-year trajectories and low PBGC risk. Public-sector teacher and employee retirement systems dominate the top rankings in many states because their large asset bases support institutional investment management. Each plan below links to its full profile — multi-year funding history, participant demographics, sponsor financials where available, and the underlying factors driving the composite grade.
10
Total Plans
3,093,796
Participants
80.9%
Avg Funding
$363.6B
Total Assets
| # | Plan Name | Participants | Funding Ratio | Grade |
|---|---|---|---|---|
| 1 | Teacher Retirement System of Texas (TRS) | 1,730,000 | 78.1% | B |
| 2 | Texas County & District Retirement System (TCDRS) | 385,000 | 86.2% | A |
| 3 | Employees Retirement System of Texas (ERS) | 327,000 | 70.1% | B |
| 4 | AT&T Pension Benefit Plan | 286,355 | 93.7% | A |
| 5 | Texas Municipal Retirement System (TMRS) | 218,000 | 87.8% | A |
| 6 | ExxonMobil Pension Plan | 61,475 | 113.8% | A |
| 7 | Caterpillar Inc. Retirement Income Plan | 39,566 | 106.2% | A |
| 8 | Houston Municipal Employees Pension System | 28,000 | 58.2% | C |
| 9 | Dallas Police & Fire Pension System | 11,200 | 45.1% | D |
| 10 | Houston Firefighters Relief & Retirement Fund | 7,200 | 82.3% | A |
Frequently Asked Questions
Texas has 10 pension plans covering 3,093,796 participants, with combined assets of $363.6B against $449.5B in liabilities.
The average funding ratio across Texas pension plans is 80.9%. 4 of 10 plans (40%) are considered underfunded.
Teacher Retirement System of Texas (TRS) is the top-rated plan in Texas with a funding ratio of 78.1% and a Pension Health Grade of B.
Plans ranked by Pension Health Score: 50% funding ratio, 30% 3-year funding trend, 20% PBGC risk level.