All pension funds
Texas Municipal Retirement System
Statewide system·Huge plan·agent multiple-employer
This system pools hundreds of participating employers under one trust. Its figures cannot be attributed to any single city or county.
Actuarial valuation
fiscal year 2026, as reported to the PRBFunded ratio
90.4%
- Actuarial accrued liability
- $51.2B
- Actuarial value of assets
- $46.2B
- Unfunded liability
- $4.9B
- Amortization period
- 13.3 years
- Assumed return
- 6.75%
- Contributions (employer / employee, % pay)
- 14.5% / 6.7%
Financial report
fiscal year 2025- Net assets (market value)
- $49.4B
- Benefit payments
- $2.3B
- Total contributions
- $2.3B
Membership
fiscal year 2025- Active members
- 130,121
- Annuitants
- 78,774
Funded status by year
| FY | Funded ratio | Assets (actuarial) | Liability | Unfunded | Amortization |
|---|---|---|---|---|---|
| 2026 | 90.4% | $46.2B | $51.2B | $4.9B | 13.3 |
| 2025 | 90.4% | $46.2B | $51.2B | $4.9B | 13.3 |
| 2024 | 89.4% | $42.8B | $47.9B | $5.1B | 13.9 |
| 2023 | 89.7% | $40.4B | $45.0B | $4.6B | 14.4 |
| 2022 | 89.7% | $38.2B | $42.6B | $4.4B | 14.9 |
| 2021 | 90.5% | $36.3B | $40.1B | $3.8B | 15.3 |
| 2020 | 89.5% | $33.6B | $37.5B | $3.9B | 16.2 |
| 2019 | 88.0% | $31.3B | $35.6B | $4.3B | 17.2 |
| 2018 | 87.1% | $29.4B | $33.7B | $4.3B | 18.2 |
| 2017 | 87.4% | $27.8B | $31.8B | $4.0B | 18.8 |
| 2016 | 86.3% | $25.8B | $30.0B | $4.1B | 19.7 |
| 2015 | 85.8% | $24.3B | $28.4B | $4.0B | 20.6 |
| 2014 | 85.8% | $22.9B | $26.6B | $3.8B | 20.9 |
| 2013 | 84.1% | $21.3B | $25.3B | $4.0B | 18.6 |
| 2012 | 87.2% | $19.8B | $22.7B | $2.9B | 30.0 |
| 2011 | 85.1% | $18.3B | $21.6B | $3.2B | 30.0 |
| 2010 | 82.9% | $17.0B | $20.5B | $3.5B | 30.0 |
| 2009 | 75.8% | $16.3B | $21.5B | $5.2B | 30.0 |
| 2008 | 74.4% | $15.1B | $20.4B | $5.2B | 30.0 |
| 2007 | 73.7% | $14.2B | $19.3B | $5.1B | 30.0 |